ATW SPAC Management LLC

Item 5. Fees and Compensation

The Adviser charges Clients an annual performance allocation (the “Performance Allocation”) of up to
20% of the Clients’ aggregate net investment profit or losses, as applicable, both realized and unrealized,
for the Clients including, without limitation, any dividends, interest and other income, less certain account
expenses. The Clients arrange for the Performance Allocation to be paid to the Adviser. Under a loss
carryforward provision contained in the Client’s applicable governing document, Performance Allocations
will not be charged or allocated until any net losses previously allocated have been offset by subsequent
net profits.

The Clients will be responsible for costs and fees associated with the organization and maintenance of the
Clients’ accounts.

Clients are encouraged to review the investment advisory agreement(s) with the Adviser for more
information with respect to fees and expenses.

Item 7. Types of Clients

As described in Item 4, the Adviser’s Clients are pooled investment vehicles. To the Adviser’s best
knowledge and belief, the Clients limit their investors to persons who are “accredited investors” as defined
in the Securities Act of 1933 and “qualified purchasers” as defined in the Investment Company Act of 1940.