Quadrature US Inc

Item 5: ​      Fees and Compensation

Quadrature generally receives asset-based management fees (the “Management Fee”) and an
annual performance allocation as described in Item 6, below (the “Performance Fee,” together
with the Management Fee, the “Advisory Fee”). The fees, allocations and expenses applicable to
each Client are disclosed in the Client’s Governing Documents.

Management Fees are generally payable in arrears on a monthly basis, whereas Performance
Fees, if any, are generally payable on an annual basis.

Quadrature’s fee schedule is omitted because this Brochure is only being delivered to qualified
purchasers as defined in the Investment Company Act of 1940, as amended (the “Company
Act”).

Other Fees and Expenses

Quadrature is entitled to reimbursement for certain fees and expenses that it incurs in connection
with the provision of its investment advisory services as set out in the Clients’ Governing
Documents.

The Clients will also be subject to other costs and expenses, including, without limitation and
where applicable, costs and expenses associated with (i) all transactions carried out by them or
on their behalf and (ii) the administration of the Clients including (a) the charges and expenses of
legal advisers and auditors; (b) brokers’ commissions (if any), borrowing charges on securities
sold short and any issue or transfer taxes chargeable in connection with any securities
transactions; (c) all taxes and corporate fees payable to governments or agencies; (d) directors’
fees (if any) and expenses; (e) interest on borrowings, including borrowings from the prime
brokers; (f) such expenses incurred soliciting subscriptions for shares/units as shall be approved
by the directors or, for certain Clients, QUS; (g) communication expenses with respect to
investor services and all expenses of meetings of investors and of preparing, printing and
distributing financial and other reports, proxy forms, prospectuses and similar documents; (h) the
cost of insurance (if any) for the benefit of the directors and/or QUS; (i) certain litigation and
indemnification expenses and extraordinary expenses not incurred in the ordinary course of
business; (j) the cost of obtaining and maintaining any listing of the Clients shares/units on an
exchange and (k) all other organizational (including, without limitation, legal, accounting, filing
and administration expenses associated with the organization of the Clients and the offering of
interests/shares/units) and operating expenses.

Please refer to Item 12 for further information on brokerage practices.

On termination of any Client advisory relationship, any earned, unpaid Advisory Fees will be
due and payable without penalty or other deduction.

Neither Quadrature nor its employees accept any compensation from third parties for the sale or
purchase of investment products.

Item 7: ​      Types of Clients

Quadrature provides discretionary investment advisory services to certain privately offered
pooled investment vehicles, the Clients, as described in Item 4. Investment advice is provided
directly to the Clients and not individually to the Clients’ investors.

The Clients’ investors include, without limitation, Quadrature’s related parties, founding
principals, eligible Quadrature employees and other employee-related investors.

The Clients offered in the United States are structured as private investment companies that are
exempt from registration under Section 3(c)(7) of the Company Act. As a result, United States
resident investors in these Clients must be “qualified purchasers” as defined by the Company
Act, “accredited investors” as defined in Regulation D under the Securities Act of 1933, as
amended, and “qualified eligible persons” as defined in the Commodity Exchange Act.

Initial and additional subscription minimums for investing in each Client, if any, are disclosed in
each Client’s Governing Documents.