Attalus Capital LP

Fees and Compensation
All investors and potential investors should review the Governing Documents of the Attalus
Fund in which they invest or are considering investing in conjunction with this Brochure for
complete information on the fees and compensation payable with respect to the applicable
Attalus Fund.

In general, Attalus may charge a management fee up to a 1.1% per annum based on the net asset
value of each Fund’s share class. Management fees will be deducted monthly, in arrears.
Management fees will be prorated for any period that is less than a full month. In certain
circumstances, Attalus may permit a reduction in fees for certain investors.

Fees on separate account vehicles will be determined on a case-by-case basis but it is anticipated that
the fees would be approximately the same as the fees charged to the respective funds.

In addition to management fees, investors may bear other costs that are charged to the Funds, as
disclosed in each Fund’s offering documents. A Fund will bear external expenses related to a Fund's
operations, including, without limitation, investment-related expenses (e.g., fees and expenses
charged by the Sub-Advisers and Portfolio Funds, fees and interest on indebtedness, custodial fees,
bank service fees, other expenses related to the purchase, sale or transmittal of Fund investments,
fees for data and software providers, research expenses, professional fees (including, without
limitation, expenses of consultants and experts) relating to investments, and travel expenses related to
investments); legal, accounting, audit and tax preparation expenses; corporate licensing fees; and the
Management Fee, as well as a Performance Fee for certain share classes; Board of Director liability
insurance premiums; Board of Directors' fees and expenses, including travel; organizational
expenses; expenses incurred in connection with the offer and sale of Shares; administration fees; and
other similar expenses related to the Fund. Extraordinary expenses (such as the cost of litigation or
indemnification payments, if any) will be paid by the Fund. The Board of Directors will have

exclusive discretion to determine which expenses are to be borne by a Fund.

Performance-Based Fees and Side-by-Side Management
For a selected share classes, Attalus may charge a 10% quarterly performance fee of any net profit
attributable to an investor’s account or series of shares over an investor’s “high-water mark.” The
incentive allocation will be paid quarterly, in arrears. In certain circumstances, Attalus may permit a
reduction in fees for certain investors. The fact that Attalus may be compensated with performance
fees may create an incentive for the Company to make investments on behalf of clients that are
riskier or more speculative than would be the case in the absence of such compensation. In addition,
performance compensation received by Attalus from certain clients is based on both realized and
unrealized gains and losses. Further, investment advisers have an inherent conflict of interest to
favor clients or accounts that pay more in fees, such as performance fees. The Company has adopted
and implemented written compliance policies and procedures that are designed to address the above
conflicts of interest.

Types of Clients
The investment advice provided by Attalus is exclusively to the Attalus Funds and not individually to
the investors in the Attalus Funds. Attalus does not currently provide investment advice to other
clients but may do so in the future.

The client base of Attalus is primarily comprised of family offices and ultra-high net worth investors.
Attalus requires that each U.S. investor be an “accredited investor” as defined in Regulation D
under the Securities Act of 1933, as amended (the “Securities Act”), and a “qualified purchaser”
as defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended, and that
each non-U.S. investor be a “non-U.S. person” as defined in Regulation S under the Securities
Act. The Governing Documents of the Funds describe in detail the applicable suitability criteria
for investment in the Attalus Funds.

The Company will manage portfolios of alternative investments with a minimum account size of
either $1 million or $2 million. Attalus, at its sole discretion, may accept minimum account size of
less than $1MM.

Methods of Analysis, Investment Strategies, and Risk of Loss