MYDA Advisors LLC

Item 5. FEES AND COMPENSATION

The relevant offering documents of the Funds fully disclose the terms of the compensation
collected by the Firm on behalf of the Funds. In general, the Firm usually charges its Clients a
management fee. For example, the management fee charged to MYDA Advantage and MYDA
Capital is equal to 0.5% (2.0% annualized) of their respective beginning quarterly or annualized
Net Asset Values. Regarding the SMA and Sub-Advised Account, each IMA or Sub-Advisory
Agreement with the Firm will define the management fees applicable to such account. Such SMA
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or Sub-Advised Account fees are negotiable and may be charged monthly, quarterly, annually or
in arrears. Management fees typically are charged quarterly or annually in advance at the end of
each applicable quarter or year based on the Client’s market value at such relevant period.

Clients may have applicable fees deducted directly by the Firm from such Client’s account. SMA
and Sub-Advised Accounts may choose whether the Firm directly deducts fees from their account
or if fees are billed separately. In all cases, such negotiated terms shall be described in detail in
each respective IMA or Sub-Advisory Agreement.

Currently, no supervised person of the Firm accepts compensation for the sale of securities or other
investment products, including asset-based sales charges or service fees from the sale of mutual
funds.

The Firm may, in its sole discretion, waive, reduce, or rebate all or a portion of the management
fee for investors, including, without limitation, principals, employees, or affiliates of the Firm,

Other Costs

Clients also may incur third-party brokerage commission and other transaction costs, as explained
in further detail in the Brokerage Practices section below. Additional third-party costs related
mainly to custody, audit, administration, legal advice, tax advice and preparation, banking services,
and research and consulting shall also apply for investors in the Funds and/or independent funds
selected by the Firm. The fees associated with independent funds are in addition to any fees
charged by the Firm as described herein. In some cases, the Funds may also be billed to reimburse
the Firm for certain transaction-related travel expenses. In all cases, details concerning applicable
fees and expenses are set forth in each Client’s offering documents.

Item 7. TYPES OF CLIENTS

As discussed in the Advisory Business section above, the Firm currently provides investment
management services primarily to the Funds, which in turn are offered exclusively to sophisticated
investors. The Firm also intends to offer investment management services to sophisticated
investors on a discretionary basis through SMAs or Sub-Advised Accounts. In particular, the Firm
intends to manage separate institutional and individual client accounts on a discretionary basis, as
stated above. Although the Firm generally seeks minimum account commitments from its investors
in the Funds of U.S. $250,000, some Funds may be subject to higher minimums, it can waive such
minimums in its discretion. Minimums for SMAs and Sub-Advised Accounts will be subject to
negotiation.