Sachem Head Capital Management LP

Item 5 – Fees and Compensation
The Adviser and its affiliates typically receive compensation from the Funds from the following
sources: (a) fees based on a percentage of the net assets of the relevant Fund, and (b) fees based
on a percentage of the performance of the relevant Fund. Investors should review all fees charged
by the Adviser and its affiliates to fully understand the total amount of fees to be paid by the Funds
and, indirectly, by investors in the Funds.

Management Fees. The SH Funds generally pay the Adviser a management fee (the “Management
Fee”) of 1.50% per annum. The Stony Creek Funds generally pay the Adviser a Management Fee
of 1.0% per annum. In each case the Management Fee is payable quarterly in advance based upon
the net asset value of the relevant Fund and calculated as of the first business day of each quarter,
in each case in accordance with the governing fund documents. The Management Fee is prorated
for any period that is less than a full calendar quarter. The Adviser has waived or reduced
Management Fees for certain investors, including “founders’ class” investors, employees, strategic
partners, advisers and consultants, and others, and reserves the right to do so in the future as may
be determined in the Adviser’s sole discretion.

Performance Fees. SH GP is generally entitled to receive a performance fee (a “Performance Fee”)
of 20% of the net profits (including realized and unrealized gains) of the SH Funds, if any. The
Adviser is generally entitled to receive a performance fee of 30% of the net profits (including
realized and unrealized gains) of the Stony Creek Funds, if any, which fee is subject to reduction
by an amount equal to the Management Fee paid by the Stony Creek Funds for the relevant period.
Performance Fees for the SH Funds and the Stony Creek Funds are calculated and paid at the end
of each fiscal year or at the time of withdrawal after taking into account expenses of the relevant
Fund (including any Management Fees, with respect to the SH Funds). The Adviser’s affiliates
have waived or reduced Performance Fees for certain investors, including “founders’ class”
investors, employees, strategic partners, advisers and consultants, and others, and reserve the right
to do so in the future as may be determined in their sole discretion.

Fund Expenses. Each Fund will bear its own expenses, including, without limitation, the relevant
Management Fee; investment expenses, whether or not such investments are consummated (such
as brokerage commissions, expenses relating to short sales, clearing and settlement charges,
custodial fees, bank service fees and interest expenses); expenses related to the research, due
diligence and monitoring of actual and prospective investments (whether or not consummated)
and the consummation of investments, including, without limitation, the following: (i) investment-
related travel expenses (which are travel expenses related to the purchase, sale or transmittal of, or
due diligence regarding, the Fund’s investments, whether or not such investments are
consummated, incurred by the Adviser or its affiliates), (ii) professional fees (including, without
limitation, fees and expenses of consultants, investment bankers, attorneys, accountants and other
experts, as well as fees and expenses of proxy solicitors, communications firms and government

relations firms) relating to investments, (iii) expenses associated with activist campaigns
(including, without limitation, expenses related to event hosting and production, public
presentations, public relations, public affairs and government relations, forensic and other analyses
and investigations, proxy contests, solicitations and tender offers, and compensation,
indemnification and other expenses of any nominees proposed by the Adviser as directors or
executives of portfolio companies), (iv) third-party investment sourcing fees, and (v) research and
market data (including, without limitation, any related computer hardware and connectivity
hardware (e.g., Bloomberg terminals and telephone and fiber optic lines) incorporated into the cost
of obtaining such research and market data, and expenses related to obtaining, processing and
analyzing “big data” or “alternative data”); fees and expenses relating to software tools, programs
or other technology utilized in managing the Fund (including, without limitation, third-party
software licensing, implementation, data management and recovery services, custom development
costs, trading-related software, risk management software and technology, and software,
technology, and services associated with generative artificial intelligence); administrative
expenses (including, without limitation, fees and expenses of the relevant Fund’s administrator);
legal expenses; external accounting and valuation expenses (including, without limitation, the cost
of accounting software packages); audit and tax preparation expenses; costs related to directors
and officers insurance and errors and omissions insurance for the Adviser and its affiliates; costs
incurred to comply with the rules under Sections 1471-1474 of the Internal Revenue Code or other
similar law (whether imposed on the Fund, the Adviser or its affiliates); corporate licensing;
regulatory expenses (including, without limitation, expenses relating to compliance and
preparation of regulatory filings (e.g., Form PF filings), and related fees and expenses of
consultants); organizational expenses; expenses incurred in connection with the offering and sale
of the interests and other similar expenses related to the Fund; indemnification expenses; and
extraordinary expenses. Generally, Fund expenses, other than the relevant Management Fee,
certain taxes and any expenses that the Adviser or the general partner of the Fund (if applicable)
determines in its sole discretion should be allocated to a particular investor, will be charged to all
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Item 7 – Types of Clients
Each of the Funds is a private investment fund. Each Fund relies on the exclusion from the
definition of “investment company” provided by Section 3(c)(7) of the Investment Company Act.
The minimum initial capital contribution for each of the Funds is $5 million for institutional
investors and $1 million for individual investors, subject to the discretion of the Adviser or the
general partner of the Fund (if applicable) to accept lesser amounts or establish different minimums
in the future. Investors in the Funds may include high net worth individuals, pension funds and
profit-sharing plans, trusts, charitable organizations, institutions, endowments, fund of hedge
funds, foreign sovereign wealth funds, family offices, and other entities.