Schonfeld Strategic Advisors LLC

Item 5. — Fees and Compensation
The Advisor does not have a single standardized management fee or performance fee schedule.
Generally, with respect to private investment funds managed by the Advisor that are generally
available for subscriptions, the Advisor charges a management fee ranging from 0.75% to 2%
(depending on the applicable class of ownership interest) and a performance allocation (including
on realized and unrealized gains) ranging from 12.5% to 22.5% (depending on the applicable class
of ownership interest) that is allocated to the Manager, an affiliate of the Advisor, of such fund.
Certain classes and special purpose vehicles may not be charged a management fee and/or
performance allocation. Investors in certain classes of one private fund do not pay a management
fee and instead are allocated the expenses of the Advisor and its affiliates as set forth in the fund’s
offering documents. Management fees and performance allocations may vary by investor or client,
and the Advisor or the Manager may charge different fees or allocations and may waive or rebate
a portion thereof. The management fee and performance allocations described above are in
addition to the fees and performance-based compensation charged by Portfolio Managers who
manage the funds’ assets. Currently, private investment funds managed by the Advisor that are
generally available for subscriptions utilize either a (i) mini-master feeder structure in which one
fund invests (as a “feeder” fund) substantially all of its assets in another fund, acting as a “master”
fund, or (ii) master-feeder structure in which a domestic and offshore “feeder” fund each invests
substantially all of its assets into a “master” fund. To the extent any such structure involves a fee-
paying fund client, management fees and performance-based compensation may be charged at
either the “feeder” level, the “master” level, or an intermediate vehicle level, but not at more than
one level.

The expenses of the Advisor are generally borne by its non-management-fee-paying clients and
certain management-fee-paying clients (in each case, either by payment or reimbursement) and are
allocated in the discretion of the Advisor or relevant Manager, as applicable. Expenses of the
Trading Vehicles, the Portfolio Managers and the Advisor’s affiliates are borne by
non-management-fee-paying and management fee-paying clients of the Advisor, as applicable.
Expenses of the Advisor may also be paid through an offset using management fees of a
management-fee-paying client. Expenses for a particular client will be allocated to such client.
Client expenses also include the fees and performance-based compensation charged by or paid to
Portfolio Managers (including Internal Portfolio Managers) who manage or trade such client’s
assets. Expenses for more than one client generally will be allocated to the applicable clients on a

pro rata basis generally based on the total assets invested by each such client; however, in certain
circumstances, as set forth in the relevant fund’s private offering documents, the assets of Portfolio
Managers (and their related parties, including, without limitation, investment vehicles sponsored
and offered by Portfolio Managers and/or their affiliates) who invest in a certain class of a private
fund are only traded pursuant to that Portfolio Manager’s strategy (and therefore not other Portfolio
Managers in the fund) and are only subject to expenses associated with that class and its trading;
accordingly, references to expense allocation on a pro rata basis do not include such class. Such
class is also not subject to any performance allocation. The expenses of any such fund, the Trading
Vehicles, the Advisor and its affiliates may be greater than the expenses incurred by investing in
a similarly situated fund or utilizing the services of another investment adviser providing similar
services and charging a management fee and performance-based compensation.

Certain expenses paid and/or indirectly borne by non-management-fee-paying clients, as well as
certain management-fee-paying clients, reflect overhead expenses of the Advisor and its affiliates.
Both management-fee-paying and non-management-fee-paying clients pay and/or indirectly bear
the cost of the applicable Portfolio Managers which manage such clients’ assets and the applicable
Trading Vehicles through which client assets are managed, including advisory fees and
performance-based compensation paid to Portfolio Managers. Internal Portfolio Managers receive
performance-based compensation (and in limited cases, salaries) and certain employees and
members of the Advisor and its affiliates are compensated (including through bonuses) based on
the returns and/or performance of the Trading Vehicles and affiliates of SGH, the cost of which
are indirectly borne by non-management-fee-paying clients and certain management-fee-paying
clients on a pro rata basis as set forth in the applicable fund’s offering documents. All or a portion
of the management fee compensation payable by certain management-fee-paying funds (to the
extent not paid to the Financial Services Company and/or any Solicitor (hereafter defined)) will
be used by the Advisor to offset expenses incurred by the Advisor and its affiliates. Any revenue
paid to the Financial Services Company affiliate from amounts otherwise payable to the Advisor
or the Manager from a fund will reduce the amount of the management fees available to be
otherwise used to offset expenses as described herein. A similar offset will not occur in connection
with performance-based compensation paid by the aforementioned management-fee-paying funds.

Certain classes of private investment funds managed by the Advisor are subject to a lock-up period.
Notwithstanding such lock-up, under certain cases as described in such funds’ offering documents,
an investor in certain classes may be permitted to make a complete or partial withdrawal of its
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Item 7. — Types of Clients
A description of the Advisor’s clients is provided above in Item 4 – Advisory Business. As
described above, in certain circumstances, private investment funds managed by the Advisor (so
called- “feeder” funds) invest in other private investment funds acting as “master” funds, also
managed by the Advisor. Certain fund clients have been formed under the laws of a foreign
jurisdiction (i.e., a non-U.S. fund). With respect to any private investment fund, investment advice
will be provided to such fund, as applicable, and not individually to each of the investors in the
fund. A private investment fund may have different classes with different subscription, withdrawal
and other terms.

The investment minimums and investor eligibility requirements relating to investments in a private
investment fund advised by the Advisor are stated in the fund’s offering documents. The Managers
of such funds (which are affiliates of the Advisor) may waive or reduce the amount of any such
minimum initial or additional subscriptions or withdrawals in their sole discretion, subject to
applicable legal or regulatory requirements.