Samlyn Capital LLC

ITEM 5 – FEES AND COMPENSATION
Asset-Based Compensation

Samlyn charges each Fund an investment management fee based on the value of the Funds’ assets under
management (collectively, the “Management Fees”). The Management Fees range from 0.80% to 2.0%
(per annum) of the Funds’ respective net assets; provided, however, that the portion of the Portable Alpha
Fund’s net assets that are invested in (A) shares of a Net Neutral Fund is charged the Management Fee
solely at the Net Neutral Fund level, and (B) shares of an ETF and options thereon are charged a
Management Fee at a rate equal to 0.10% per annum. In addition, a particular series of interests and sub-
class of shares in the Long Alpha Funds do not pay Management Fees. The Management Fees are: (i)
charged quarterly in advance on the first business day of each calendar quarter; (ii) prorated for any period
that is less than a full quarter; (iii) prorated for any capital contributions to a Fund during a quarter; and (iv)
prorated and refunded in the event of any withdrawals or redemptions, as applicable, from a Fund during a
quarter based on the number of days remaining in the quarter. For more detailed information and a complete
description of the Management Fees paid to Samlyn by Fund Investors in a particular Fund, refer to the
relevant Fund’s offering memorandum. The rates of the Management Fees paid to Samlyn are generally
non-negotiable; however, Samlyn has waived or reduced the Management Fees for Fund Investors that are
members, principals, employees or affiliates of Samlyn, and for relatives of such persons. The Management
Fees are generally deducted from each Fund account by the Funds’ administrator upon Samlyn’s proper
instructions.

Performance-Based Compensation

Samlyn (or an affiliate) is entitled to receive performance-based compensation from certain of the Funds,
which is compensation that is based on a share of capital gains on or capital appreciation of the assets of a
Fund. This compensation may be paid or allocated to Samlyn (or an affiliate) and ranges from 15% to 30%
of the net profits (including net unrealized gains) allocated to a Fund Investor holding a particular series of
interests or sub-class of shares subject to performance-based compensation within a Fund, subject to a loss
carryforward provision or a hurdle carryforward provision in the case of the Long Alpha Funds, provided,
however, that a particular series of interests and sub-class of shares in the Long Alpha Funds do not pay
performance-based compensation. Further, receipt of performance-based compensation is subject to a non-
cumulative hurdle in respect of those series of interests and sub-classes in the Long Alpha Funds that pay
performance-based compensation. For more detailed information and a complete description of the
performance-based compensation, if any, paid to Samlyn (or an affiliate) by Fund Investors in a particular
Fund, refer to the relevant Fund’s offering memorandum. The rates of the performance-based
compensation paid to Samlyn (or an affiliate) are generally non-negotiable; however, Samlyn has waived
or reduced the amount of performance-based compensation for Fund Investors that are members, principals,
employees or affiliates of Samlyn, and for relatives of such persons.

Samlyn is entitled to receive performance-based compensation from the SMA on such terms as negotiated
and agreed to by Samlyn and the holder of the SMA.

Expenses

In addition to paying Management Fees and performance-based compensation (if applicable), the Funds
bear other expenses in accordance with their respective governing documents, which expenses may include:
Fund legal, auditing, accounting, tax preparation and other tax-related expenses (including preparation costs
of financial statements, tax returns and reports to Fund Investors), consulting and other professional
expenses; administration expenses (including administrator fees and expenses); the Funds’ pro rata share
of Fund-related insurance costs (including directors’ and officers’ insurance, errors and omissions
insurance, fidelity insurance, cybersecurity insurance and other similar policies); research-related expenses
(including, without limitation, news and quotation equipment and services and artificial intelligence-related

subscriptions for Samlyn’s investment personnel); investment-related expenses (i.e., expenses other than
investment-related travel expenses that, in Samlyn’s discretion, are related to the investment of the Funds’
assets, whether or not such investments are consummated), such as commissions, interest on margin
accounts and other indebtedness, investment-related legal costs; the cost of portfolio exposure and
performance reporting, risk management and trade order management expenses; fees of third party
valuation agents; cloud-based data storage expenses; certain compliance (including all fees and expenses
incurred in connection with the Fund’s registration with the Cayman Islands Monetary Authority and fees
and expenses of anti-money laundering officers appointed in accordance with Cayman Islands law, as
applicable) and reporting expenses and expenses related to regulatory filings which are made with respect
to the relevant Fund’s assets (including, without limitation, Form PF (and associated filing fees), Section
13, Section 16 and non-U.S. position reporting filings); fees paid to the Fund’s board of directors (as
applicable); proxy and securities class action advisory firms; the Fund’s organizational expenses; the Fund’s
pro rata share of the expenses of any master fund through which it invests (which expenses may include
expenses of the Fund and other feeder vehicles that invest in that same master fund); custodial fees; bank
service fees and other expenses related to the purchase, sale or transmittal of the Fund’s assets and other
expenses associated with the operation of the Funds, as determined by Samlyn. Fund assets may also be
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ITEM 7 – TYPES OF CLIENTS
As previously described in Item 4, Samlyn’s Clients currently consist of the Funds and the SMA.

With respect to the Funds, any initial and additional subscription minimums are disclosed in the relevant
offering documents for each Fund. Minimum investment amounts have been, and may in the future be,
reduced in the sole discretion of Samlyn (or by such Fund, as applicable).

Although Samlyn does not maintain a specific minimum dollar value of assets or other conditions for
opening a separately managed account, any such additional account relationship would generally involve a
significant minimum account size.