ExodusPoint Capital Management, LP

ExodusPoint is a Delaware limited partnership that was formed in 2017 and commenced operations in 2018. The general partner of ExodusPoint is ExodusPoint Capital Partners GP, LLC, a Delaware limited liability company. Michael Gelband (the “Principal”) is the co-founder and principal of ExodusPoint. ExodusPoint Capital Partners GP, LLC is owned by the Principal and Hyung Soon Lee (the other co-founder of ExodusPoint) with Michael Gelband managing the day-to-day operations of ExodusPoint and having ultimate authority over day-to-day decisions. The investment activities of ExodusPoint are led by Michael Gelband together with other investment professionals who assist in executing investment strategies on behalf of clients. As of the close of business on December 31, 2025, ExodusPoint advised approximately $11.7 billion in assets under management and approximately $159.4 billion in regulatory assets under management on a discretionary basis. ExodusPoint does not manage assets on a nondiscretionary basis. ExodusPoint provides discretionary investment advice to the following private investment funds: (i) ExodusPoint Partners Fund, LP; (ii) ExodusPoint Partners Master Fund, LP; (iii) ExodusPoint Partners International Fund, Ltd.; (iv) and ExodusPoint Partners Intermediate Fund, LP (collectively, the “Funds”). ExodusPoint Partners Fund, LP (the “Domestic Feeder Fund”) is a Delaware limited partnership formed primarily for investment by US investors. ExodusPoint Partners International Fund, Ltd. (the “Offshore Feeder Fund,” together with the Domestic Feeder Fund, the “Feeder Funds”) is an exempted company incorporated under the laws of the Cayman Islands to facilitate investment by US tax-exempt and non-US investors. ExodusPoint Partners Master Fund, LP (the “Master Fund”) is a Cayman Islands exempted limited partnership. The Offshore Feeder Fund (through ExodusPoint Partners Intermediate Fund, LP (the “Intermediate Fund”), which is also a Cayman Islands exempted limited partnership) and the Domestic Feeder Fund generally invest substantially all of their assets through the Master Fund in a “master-feeder” arrangement. However, the Domestic Feeder Fund also is permitted to make, has made and expects in the future to make investments directly or through trading subsidiaries, and the Offshore Feeder Fund through the Intermediate Fund may also make investments directly or through trading subsidiaries. In the future, ExodusPoint may form other feeder funds to invest directly or indirectly in the Master Fund. In addition to the Funds, ExodusPoint is also the investment manager of ExodusPoint Management Investors International, Ltd., which invests into the Offshore Feeder Fund; ExodusPoint Management Investors, LLC, which invests into the Domestic Feeder Fund (together, the “Employee Vehicles”); and certain trading subsidiaries of the Master Fund. The Employee Vehicles are deemed to be “clients” under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). The Principal, those employees of ExodusPoint or its affiliates, Third-Party Managers (as defined below) and those members of their investment teams seeking exposure to the Master Fund’s portfolio generally invest (personally, jointly with their spouse or through entities such as their

estate planning vehicles) in the Domestic Feeder Fund, the Offshore Feeder Fund or any other feeder funds directly or indirectly through an Employee Vehicle. In addition, certain Portfolio Managers (as defined below) and members of their investment teams have invested or will be permitted to invest in the future, directly or indirectly, in the Master Fund in order to achieve exposure only to their own respective strategies, including by investing in a separate series of shares of an Employee Vehicle or through one or more dedicated investment vehicles. It is anticipated that such Employee Vehicle series or other investment vehicles will only be available to Portfolio Managers and members of their investment teams and not to any other investors. ExodusPoint believes that permitting Portfolio Managers and members of their investment teams to make such investments generally is useful in aligning the interests of such persons with those of other investors, though these arrangements could cause the interests of such Portfolio Managers to diverge from those of other investors. Various entities that are affiliated with ExodusPoint serve as general partners to certain of these Funds (each and collectively, “General Partner”). In providing services to the Funds, ExodusPoint, among other things: (i) manages the Funds’ assets in accordance with the terms of the applicable governing documents; (ii) directs and manages the investment and reinvestment of the Funds’ assets; and (iii) provides periodic reports to investors. ExodusPoint provides investment advice directly to the Funds and not individually to the Funds’ investors. ExodusPoint does not participate in wrap fee programs. The Funds’ investment objective is to consistently generate attractive, risk-adjusted returns in all market environments and to preserve investor capital. ExodusPoint seeks to achieve the Funds’ investment objective by allocating substantially all of the assets of the Funds to the discretionary investment authority of a number of portfolio managers and their investment teams (together with Third-Party Managers, “Portfolio Managers”) that employ a wide range of investment strategies including (but not limited to): systematic and quantitative strategies, relative value fixed income, credit, event-driven, fundamental long/short equity and global macro. ExodusPoint has complete discretion to select and allocate capital among investment strategies and Portfolio Managers and may cause the Funds to invest in any additional investment strategies not listed above in its own discretion. Atlas Capital (d/b/a for ExodusPoint) is a distinct business unit used to identify a specific investment team within ExodusPoint. Atlas Capital is not a separate legal entity and operates under a business name associated with ExodusPoint. Investors do not have the ability to allocate directly to the unit or exclude exposure to this unit. Furthermore, as this entity exists solely for business and operational purposes, Atlas does not have any authority to instruct trades to be held under the Atlas name. Rather, all trading is conducted through the Master Fund in accounts and under trading agreements established by ExodusPoint. Any description of the trading activities of ExodusPoint, including the risks of certain trading activities described in Item 8 of this brochure apply to the activities of any employees operating under the Atlas Capital business unit. In addition to Portfolio Managers employed directly by ExodusPoint, ExodusPoint is permitted to allocate, has allocated and in the future may allocate a portion of the Funds’ capital to third4

party portfolio managers or to third-party consultants providing research or non-discretionary trading services that are not employees and/or are operated independently of ExodusPoint (each, along with its affiliates, a “Third-Party Manager”) or to commingled or dedicated investment accounts or vehicles managed by Third-Party Managers. Third-Party Managers may and currently do manage capital on behalf of the Funds on an exclusive basis or may manage the Funds’ capital in addition to managing other investor capital or client accounts. ExodusPoint currently has engaged certain Third-Party Managers to manage a portion of the Master Fund’s capital and anticipates engaging additional Third-Party Managers in the future. ExodusPoint may economically participate in the businesses of Third-Party Managers through equity stakes or revenue sharing arrangements. Such participation would create a conflict of interest for ExodusPoint in allocating a portion of the Funds’ capital to such Third-Party Managers. For the avoidance of doubt, the term “Portfolio Manager,” as used in this brochure, includes Third-Party Managers unless explicitly stated otherwise. ExodusPoint has formed International Holdings, the UK Sub-Adviser, the Jersey Sub-Adviser, the Singapore Sub-Adviser, the Hong Kong Sub-Adviser, the Dubai Sub-Adviser, the Domestic Sub-Adviser, the Japan Branch, the UK Technology Affiliate, and the Switzerland Research Affiliate (each as defined below) and may form one or more additional entities under common control with ExodusPoint for any number of purposes, including for purposes of transacting or undertaking other investment or research activities or performing other functions in particular jurisdictions or with respect to particular strategies on behalf of the Funds or client accounts. ExodusPoint has incorporated ExodusPoint Capital Management UK, LLP (the “UK SubAdviser”), in the UK, which is a limited liability partnership. The UK Sub-Adviser is authorized and regulated by the UK Financial Conduct Authority (the “FCA”). ExodusPoint has incorporated ExodusPoint Capital Management Jersey, Ltd (the “Jersey SubAdviser”), as a private company in the Bailiwick of Jersey. The Jersey Sub-Adviser is authorized and regulated by the Jersey Financial Services Commission. ExodusPoint has incorporated ExodusPoint Capital Management Singapore, Pte. Ltd. (the “Singapore Sub-Adviser”) in Singapore, which is a private limited company. The Singapore SubAdviser holds a capital markets service license and dealing license issued by the Monetary Authority of Singapore (“MAS”) for the provision of fund management services to eligible investors. ExodusPoint has incorporated ExodusPoint Capital Management Hong Kong, Limited (the “Hong Kong Sub-Adviser”) in Hong Kong, which is a private company limited by shares. The Hong Kong Sub-Adviser is licensed to carry on Type 9 (Asset Management) activities by the Securities and Futures Commission of Hong Kong (“SFC”). ExodusPoint has incorporated ExodusPoint Capital Management (DIFC) Limited (the “Dubai Sub-Adviser”) as a private company. The Dubai Sub-Adviser is authorized and regulated by the Dubai Financial Services Authority (“DFSA”).

ExodusPoint has incorporated ExodusPoint Capital Management International Holdings, Inc., (“International Holdings”), as a Delaware corporation. International Holdings has a branch office in Japan (the “Japan Branch”) for the purpose of conducting investment management activities in that jurisdiction. International Holdings is registered as a discretionary investment manager and an investment advisor with the Kanto Local Finance Bureau in Japan. ExodusPoint has formed the following U.S. and non-U.S. ExodusPoint affiliates to provide research support and other services: ExodusPoint Capital Management UK Technologies, Ltd (the “UK Technology Affiliate”) and ExodusPoint Capital Management Switzerland Sàrl (the “Switzerland Research Affiliate”). ExodusPoint may establish additional offices and/or affiliated entities in other jurisdictions in its sole discretion. ExodusPoint will typically hire certain employees who will work to establish such offices or affiliated entities and seek relevant approvals from local authorities prior to providing material advisory services or other regulated services in such jurisdictions. While the Funds are currently ExodusPoint’s only clients, the General Partner and ExodusPoint may sponsor, manage or advise other accounts in the form of other privately offered funds, investment vehicles or separately managed accounts. Any such additional accounts may be managed according to strategies that are similar to or materially different from the Funds and may invest alongside the Funds. Such additional accounts may hold the same or opposite positions as the Funds and may trade in advance of or contemporaneously with the Funds. Certain additional accounts may only be exposed to the strategies of certain Portfolio Managers or may be more or less heavily weighted to certain Portfolio Managers. Any such differences likely will result in differentiated performance of those accounts from that of the Funds. The trading of such other accounts may follow a substantially similar investment program as the Funds or overlap in terms of specific investments but may be structured with different expense, compensation and liquidity terms than the Funds or may afford their investors or account holders more transparency to all or a portion of their strategies, exposures or portfolios than is afforded to the investors in the Funds. The existence of such additional accounts may create conflicts of interest for ExodusPoint. ExodusPoint will develop policies and procedures designed to mitigate such conflicts. There are no limitations on the investment or trading strategies pursued or the accounts that may be managed by ExodusPoint and the Portfolio Managers.

The General Partner is entitled to performance-based compensation with respect to the Funds, as further discussed in Item 6 “Performance-Based Fees and Side-by-Side Management” below. The Funds employ an expense-based pass-through model and do not pay a management fee or any other asset-based fee to ExodusPoint or any ExodusPoint affiliates. Rather, each investor (including each investor in the Employee Vehicles) is generally subject to its pro rata share of pass through expenses (“Pass Through Expenses”) as further described below.

As a general matter, Pass Through Expenses include (i) all transaction and financing expenses relating to the Funds’ investment program, (ii) all organizational, offering and operating expenses of the Funds, (iii) any extraordinary expenses of the Funds (including indemnification expenses and legal claims) (the expenses in clauses (i), (ii) and (iii), collectively, “Fund Expenses”) and (iv) reimbursement of the General Partner’s and ExodusPoint’s respective operating expenses, including but not limited to pre-organization expenses, employee base salaries, benefits, retention payments and bonus compensation (“Manager Expenses”). There is no limit on the amount of Pass Through Expenses that may be charged to the Funds which are expected to be substantial over time. Fund Expenses More specifically, Fund Expenses may include without limitation: (i) the Funds’ trading related expenses, such as brokerage commissions, financing, interest and borrowing fees and expenses, mark-ups, securities lending fees and expenses, exchange fees and clearing fees, all fees and expenses related to the trading of derivatives, all fees and expenses paid to prime brokers, foreign exchange prime brokers, futures commission merchants and other counterparties, the costs implicit in repurchase and reverse repurchase agreements and all other fees or expenses related to the Funds’ trading and investment activities, including net management and incentive fees and allocations of any kind paid to Third-Party Managers or the expenses of investment accounts or vehicles managed by Third-Party Managers or management fees paid to ExodusPoint affiliates (100% of any management fees paid to ExodusPoint affiliates will offset other Pass Through Expenses); (ii) all costs and expenses related to the organization of the Funds and the Employee Vehicles, as well as all costs and expenses related to the organization of any trading subsidiary; (iii) the Funds’ professional expenses, including legal, administrative, accounting, auditing, valuation, tax and regulatory compliance, and consulting expenses (including the fees paid to the administrator, accountants, auditors and other service providers, which are compensated for their services at market rates pursuant to the terms of their relevant engagements), the fees and expenses (including insurance expenses) of the members of the Domestic Feeder Fund’s, the Intermediate Fund’s and the Master Fund’s Advisory Committee, including in connection with meetings and votes thereof, the fees and expenses (including insurance expenses) of the Offshore Feeder Fund’s board of directors, consulting fees and costs and expenses relating to regulatory and tax compliance, including costs of regulatory filings relating to the Funds (including, but not limited to, Form ADV, Form 13D, Form 13F, Form 13G, Form 13H, Form CPO-PQR, Form PF and any similar forms in US and non-US jurisdictions and additional regulatory filings that may be required in the future); (iv) expenses relating to the marketing, offering and sale of interests in the Funds, including the fees and expenses of the legal counsel of ExodusPoint relating to the Funds’ offering and governing documents, agreements with investors and other legal agreements, as well as the ongoing investor relations and investor servicing and reporting expenses; (v) any fees or expenses charged by proxy voting, class action recovery and monitoring or tax reclamation service providers on behalf of the Funds; (vi) taxes and duties imposed on the Funds or payable in any jurisdiction in connection with the Funds’ investing and trading activities or operations as determined by the General Partner, including all expenses incurred by the General Partner (or its designee) in its capacity as “partnership representative;” (vii) all of the expenses and/or liabilities incurred in connection with or arising out of the Funds’, the General Partner’s or ExodusPoint’s activities, including bank fees, indemnification, litigation, arbitration, dispute settlement or other extraordinary or non-recurring expenses; (viii) all fees and expenses incurred

in connection with the maintenance of the Funds’ legal existence including all fees, costs, expenses, taxes or other governmental charges; (ix) all expenses associated with holding any meetings of investors or implementing other investor voting or consent procedures; (x) all costs and expenses related to any exchange membership held by or for the benefit of the Master Fund, and all related expenses, including any legal or other third-party fees and expenses incurred in obtaining or maintaining such memberships; (xi) third-party expenses relating to investment research or development of investment strategies, including research grants, along with data feeds and data, risk management, quotation and news services provided by third parties; (xii) license fees for information systems and technology, including for trading systems, compliance and trade surveillance systems, order management systems, risk management systems, investor reporting and data warehousing; (xiii) all expenses associated with the liquidation and winddown of the Funds and any trading subsidiaries, including the formation and operation of any liquidating trusts or accounts; (xiv) such similar expenses as listed above of any dedicated investment vehicle through which the Principal, certain Portfolio Managers, members of their investment teams or any other employees of ExodusPoint or ExodusPoint affiliates invest in a Fund or the Master Fund; and (xv) the Funds’ pro rata share of such similar expenses as listed above of any trading subsidiary. For purposes of clarity, the following expenses of ExodusPoint or any ExodusPoint affiliates are not considered Pass Through Expenses and are not borne by the Funds: (i) the cost of private air travel to the extent it exceeds the comparable cost of first class commercial airfare, (ii) personal expenses unrelated to ExodusPoint or any ExodusPoint affiliate’s business incurred by ExodusPoint or its affiliates, such as costs relating to the preparation of the Principal’s tax filings, (iii) legal or other expenses incurred as a result of ExodusPoint or any ExodusPoint affiliate’s fraud, willful misconduct or gross negligence in respect of the Funds, (iv) costs of employee holiday parties and other purely social offsite events and entertainment, (v) costs of office artwork, (vi) all fees charged by placement agents in connection with their placement of shares in the Funds (which fees may be effected as an offset against Profit Allocations) and (vii) Fund losses due to trade errors that result from fraud, willful misconduct or gross negligence. Any such expenses borne by ExodusPoint or any ExodusPoint affiliates, as opposed to the Funds, will be funded by the Principal and/or be charged against and reduce the compensation otherwise owed to certain senior management personnel of ExodusPoint or any of its affiliates. Manager Expenses Manager Expenses may include without limitation: (i) bonuses (including sign-on, supplemental, retention, discretionary and formulaic bonuses of any kind) paid to employees of ExodusPoint, including (a) bonuses paid to Portfolio Managers based on the gross investment performance of their respective portfolios net of any expenses allocated to such Portfolio Manager in ExodusPoint’s sole discretion (“PM Bonuses”), and (b) bonuses paid to non-Portfolio Manager personnel of ExodusPoint (other than the Principal) (together with PM Bonuses, “Employee Bonuses”); (ii) all expenses in connection with the Principal and all personnel of the General Partner and ExodusPoint, including, all base compensation and benefits (including, but not limited to, healthcare contributions, premiums and claims, payroll, withholding and similar taxes, workers’ compensation contributions, 401(k) matching and profit sharing and similar retirement or savings plan contributions for the Principal and all other personnel and administration fees, professional dues and professional-development related expenses, the costs of industry

conferences, tuition and commuter reimbursement plans, costs relating to resuming in-person work following the COVID-19 pandemic and certain employee perks); (iii) expenses relating to personnel recruiting, retention and severance arrangements of the General Partner or ExodusPoint including the hiring, on-boarding and termination of personnel (such as recruitment fees and retainers paid, any internal referral payments, fees and expenses relating to participation at industry-related and professional conferences, professional organization fees, and events, expenses in connection with prospective employees’ travel to ExodusPoint’s or its affiliates’ offices, certain up-front compensation, signing bonuses, relocation expenses, buy-out and retention payments payable to employees and other incentive and compensation plans, including expenses associated with any structures employed to facilitate investment by Portfolio Managers and members of their investment teams in their own respective strategies, and legal expenses related to hiring, counseling and terminating employees); (iv) the General Partner’s and ExodusPoint’s expenses relating to their professional service providers including legal, administrative, accounting, auditing, valuation, tax compliance and consulting expenses and fees and expenses relating to regulatory compliance matters, including costs of compliance programs, surveillance, regulatory examinations, regulatory or legal inquiries or actions and regulatory filings; (v) any insurance expenses, whether for the benefit of the Funds, the Master Fund, any trading subsidiary, the General Partner, ExodusPoint or their affiliates and employees and the Principal, including but not limited to directors and officers, errors and omissions or cybersecurity policies and “key-person” life insurance which protect the Principal and certain employees and affiliates of the General Partner and ExodusPoint and employment and professional liability insurance, in each case if actually purchased; (vi) fees or expenses relating to consultants retained by the General Partner or ExodusPoint for investment and non-investment purposes, including public relations, information technology, software programming, management and other consultants retained by the General Partner or ExodusPoint to improve or further their business; (vii) communication systems expenses, including expenses relating to standard and advanced telecommunications equipment and data transmission lines, including mobile phones and other personal electronic devices and related data plans of the Principal and employees of the General Partner and ExodusPoint; (viii) expenses associated with information systems and technology (both hardware and software, as well as services) developed (including fees and expenses of third parties that assist in such development), or acquired and owned, by the General Partner or ExodusPoint or information systems and technology expenses incurred by the General Partner and ExodusPoint for their middle and back office systems, contact relationship management systems and remote working systems (including both hardware and software), their software development and business continuity and for warehousing data of the General Partner or ExodusPoint; (ix) expenses relating to ExodusPoint’s investment research, development of investment strategies, risk management services, data feeds and data services, in each case, if any; (x) expenses relating to furniture and fixtures (such as office furnishings but excluding artwork) and the rent and facilities of the General Partner and ExodusPoint (for the current or future offices established in any jurisdiction by ExodusPoint), including leasehold improvements, security deposits, fees and collateral letters of credit; (xi) investment-related travel and non-investment-related travel (including by the Principal and employees of ExodusPoint between its offices), business entertainment, meals, occupancy expenses incurred by the General Partner and ExodusPoint, including private and commercial air travel expenses (except that the cost of any private air travel, will only be charged to the Funds to the extent of the comparable cost of first class commercial airfare); (xii) the General Partner’s and

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Loss Investment Strategies The investment objective of the Funds is to consistently generate attractive, risk-adjusted returns in all market environments and to preserve investor capital. ExodusPoint seeks to achieve the investment objective of the Funds by allocating substantially all of the assets of the Funds to the discretionary investment authority of a number of Portfolio Managers that employ a wide range of investment strategies including (but not limited to): systematic and quantitative strategies, relative value fixed income, credit, event-driven, fundamental long/short equity and global macro. ExodusPoint has complete discretion to select and allocate capital among investment strategies and Portfolio Managers and may cause the Funds to invest in any additional investment strategies not listed above in its own discretion. For example, the Funds may invest in merger arbitrage, distressed credit, convertible arbitrage, structured credit and other related investment strategies. Details regarding investment and other risks related to an investment in the Funds are set forth in the Funds’ governing documents. The Funds are permitted to invest in all manner of financial instruments, including (but not limited to) equities, preferred stocks, warrants, fixed income instruments, any currency or any contract for future or forward delivery of any security, commodity or currency, any contract (including notional principal contracts) based on any security, securities or currency index or group of securities or currencies, any option on any contracts referred to herein, any derivatives of any of the securities referred to herein (including without limitation swaps relating thereto and foreign exchange derivatives), any evidence of indebtedness, private placement and securities purchase agreements, securities issued by private companies, shareholders’ agreements, creditrelated instruments, credit default swaps, collateralized loan obligations, credit derivatives of all types, bespoke loan securitizations, mineral interests, exchange-traded funds, exchange-traded notes, master limited partnerships, royalty trusts, mortgage securities, mortgage loans and REITs, virtual currencies (including interests in funds or trusts holding virtual currencies), repurchase agreements, reverse repurchase agreements, securities lending and hypothecation agreements, counterparty agreements, all other forms of investment, financial and commercial agreements, contracts and undertakings, bespoke and index tranched and untranched credit products, synthetic instruments and instruments accessing related indices and bespoke indices, and any other such instrument to effectuate its investment strategies. The Funds invest on both a cash and synthetic basis and take short positions for both speculative and hedging purposes. ExodusPoint causes the Funds to incur substantial leverage in executing the investment program through both cash and synthetic borrowings, margin financing and any leverage embedded in any instrument or derivative that is held by the Funds. ExodusPoint anticipates that any additional client accounts may implement all or certain of the strategies that it implements on behalf of the Funds, although ExodusPoint may develop new strategies that are implemented on behalf of additional client accounts but are not implemented on behalf of the Funds.

Risk Management As part of ExodusPoint’s risk management program, as appropriate, it intends to subject each Portfolio Manager to specific guidelines regarding net market exposure, position size, geography, market capitalization, liquidity and the overall investment universe with respect of his or her portfolio. Portfolio Managers are generally subject to additional limitations on drawdowns and concentrations. Such guidelines and limitations can evolve over time in ExodusPoint’s sole discretion based on ExodusPoint’s view of market conditions, the Funds’ overall portfolio and the Portfolio Manager’s past or potential performance. ExodusPoint uses proprietary and thirdparty systems to monitor risk data on an ongoing basis on both a Portfolio Manager portfolio level and on a Funds-wide basis. Risks ExodusPoint’s clients consist of private investment funds. Acquiring an interest in a private investment fund involves a number of risks, including complete loss of investment. Such investments are speculative and not intended as a complete investment program. They are designed for sophisticated investors who fully understand and are capable of bearing the risk of loss of their investment. ExodusPoint makes no guarantee or representation that the Funds will achieve their investment objective or that investors in the Funds will not experience a loss of their capital. The investment strategies used on behalf of the Funds entail substantial risks, including, but not limited to, those listed below. Further risk factors are listed in the confidential governing documents of the Funds. ExodusPoint anticipates that any additional client accounts that it manages will be subject to some or all of the risks set forth below. General Risks Financing Arrangements; Availability of Credit. ExodusPoint’s use of substantial leverage on behalf of the Funds depends on the availability of credit in order to finance the portfolio. There can be no assurance that the Funds will be able to maintain adequate financing arrangements under all market circumstances. As a general matter, the banks and dealers that provide financing to the Funds can apply essentially discretionary margin, haircut, financing, security and collateral valuation policies. Changes by banks and dealers in such policies, or the imposition of other credit limitations or restrictions, whether due to market circumstances or governmental, regulatory or judicial action, may result in margin calls, loss of financing, forced liquidation of positions at disadvantageous prices, termination of swap and repurchase agreements and cross defaults to agreements with other dealers. Any such adverse effects may be exacerbated in the event that such limitations or restrictions are imposed suddenly and/or by multiple market participants at or about the same time. The imposition of such limitations or restrictions could compel the Funds to liquidate all or part of the portfolio at disadvantageous prices. No Formal Diversification Requirements. While ExodusPoint implements a general risk management framework, it is not restricted as to the percentage of the Funds’ assets that may be invested with any Portfolio Manager or in any particular country, asset class, issuer, instrument,

market or strategy. The governing agreements of the Funds, as well as the investment management agreement between ExodusPoint and the Funds, do not impose any formal fixed requirements for diversifying the Funds’ portfolios among countries, asset classes, issuers, instruments, markets or strategies. ExodusPoint has full discretion to allocate capital among strategies and Portfolio Managers and may determine to concentrate such capital in particular strategies or with Portfolio Managers from time to time or not allocate capital to particular strategies or Portfolio Managers. At any time, a significant portion of the Funds’ returns may be generated by a limited number of Portfolio Managers. The Portfolio Managers themselves may implement highly concentrated investment strategies. Such investment concentrations may increase volatility and cause the Funds to incur greater losses than would be the case if a Portfolio Manager implemented a more diversified portfolio. This may be especially true during periods of market dislocation or volatility. Even when ExodusPoint is seeking to diversify the Funds’ portfolio, certain risks may be correlated in unanticipated ways, resulting in unintended risk exposures. No Material Limitations on Strategies. There are no substantive limitations on the strategies that may be employed on behalf of the Funds. ExodusPoint will opportunistically implement whatever strategies it believes from time to time may be best suited to prevailing market conditions and to ExodusPoint’s investment approach, expertise and personnel. Such strategies may involve higher levels of risk than the ones discussed herein. There can be no assurance that ExodusPoint will be successful in applying any strategy to the Funds’ investing. Evolving and New Investment Strategies. ExodusPoint’s strategies are expected to evolve. ExodusPoint is not restricted from using the Funds’ capital to develop or incubate new strategies or hire additional Portfolio Managers that utilize different strategies, even if ExodusPoint or the relevant Portfolio Manager has limited experience in the type of strategy or in the markets or instruments involved. The approaches and strategies developed by ExodusPoint and the Portfolio Managers may not be successful and the resources devoted to the implementation of new approaches or strategies may diminish the effectiveness of ExodusPoint’s or a Portfolio Manager’s implementation of established strategies. Potential Inability to Trade, Report or Manage Risk Due to Systems Failure. The strategies implemented on behalf of the Funds are dependent to a significant degree on the proper functioning of ExodusPoint’s internal and external computer, communication and information technology systems. Further, ExodusPoint conducts its operations on behalf of the Funds in numerous offices around the world, each of which rely upon the proper functioning of ExodusPoint’s global technology infrastructure. Accordingly, systems failures, whether due to third-party failures upon which such systems are dependent or the failure of ExodusPoint’s or a third-party’s hardware or software, could disrupt trading or make trading impossible until such failure is remedied. Any such failure, and consequential inability to trade or manage risk (even for a short time), could, in certain market conditions, cause the Funds to experience significant trading losses, to miss opportunities for profitable trading or to become exposed to particular risk exposures. Any such systems failures also could cause delays in generating reports for investors. Disruption of Business. Although the General Partner and ExodusPoint have disaster recovery plans, there can be no assurance that interruptions caused by extraordinary events outside of the

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ExodusPoint provides investment advisory services to the Funds. Investment advice is provided directly to the Funds and not individually to the investors in the Funds. Investors in the Funds and other client accounts include, but are not limited to, one or more of the following: high net worth individuals, family offices, fund of hedge funds, endowments, foundations, trusts, charitable organizations, pension plans, sovereign wealth funds and corporate or business entities. Details concerning applicable investor suitability criteria are set forth in the respective Funds’ governing documents and subscription materials. The minimum investment for an investor is outlined in the respective Funds’ governing documents but is generally $5 million. However, ExodusPoint and/or the General Partner maintain discretion to accept less than the minimum investment threshold. Certain of the Funds admit only investors that are “accredited investors” within the meaning set forth in Regulation D under the Securities Act of 1933 and “qualified purchasers” or “knowledgeable employees” as defined in Section 2(a)(51) of the Investment Company Act. Certain other Funds require investors to meet certain suitability qualifications, such as being (i) non-“United States persons” and (ii) tax-exempt US investors that are both (A) “accredited investors” under SEC Regulation D of the Securities Act of 1933 and (B) “qualified purchasers,” as defined in Section 2(a)(51)(A) of the Investment Company Act of 1940, as amended. It is anticipated that any future pooled investment vehicle managed by ExodusPoint will have similar eligibility standards as the Funds. Also, it is anticipated that any of ExodusPoint’s separately managed account clients will also be “qualified purchasers.” Agreements with Investors The Funds, the General Partner and/or ExodusPoint have and in the future may enter into agreements with certain investors in the Funds that provide for terms of investment that are more favorable to or otherwise different from the terms described in the governing documents. Such terms may include: the provision of additional information or reports, more favorable transfer rights among affiliated investors or undertakings designed to address legal, regulatory or other internal policy considerations relevant to such investor. However, to date, such terms have not included profit allocation, fee or liquidity terms that are preferential (taken as a whole) to the terms described in the Funds’ governing documents. No such agreement will necessarily entitle any other investor to the same terms of investment, nor will any other investor have any recourse against the Funds, the General Partner, ExodusPoint and/or any of their affiliates in the event that certain investors receive additional and/or different rights and/or terms as a result of such arrangements.

The General Partner will receive substantial performance-based allocations (“Profit Allocation”) if the Funds generate net capital appreciation for investors. Investors should note that (i) the fact that the Profit Allocation is allocated only in respect of net capital appreciation may create an incentive for ExodusPoint to make investments that are riskier or more speculative than would be the case if the General Partner were compensated solely based on a flat percentage of assets under management and (ii) the General Partner may receive increased allocations because the Profit Allocation is calculated on a basis that includes unrealized appreciation as well as realized gains. If the General Partner receives a Profit Allocation in any year and a capital account subsequently suffers a net loss, the General Partner will be entitled to retain any and all Profit Allocations previously allocated to it in respect of such capital account notwithstanding such net loss. ExodusPoint has waived, and expects to waive or reduce in the future, the Profit Allocation for the Principal, Portfolio Managers and members of their investment teams (other than Third-Party Managers), other employees of ExodusPoint and family members of such persons and their estate planning, charitable or other vehicles. ExodusPoint may waive or reduce in the future the Profit Allocation for Third-Party Managers, their investment teams, family members of such persons and their estate planning, charitable or other vehicles. The Funds managed by ExodusPoint have and in the future may issue interests in different classes, tranches or series (collectively, “Series”), subject to different terms and conditions of investment. Different Series are and in the future may be subject to different Profit Allocation rates and other terms. Such Series and the corresponding Profit Allocation rates are described in the relevant governing documents. Please refer to the Funds’ governing documents for a more detailed description of Profit Allocations. ExodusPoint currently does not, but may in the future, advise other client accounts differing from the Funds in certain ways, including, but not limited to, investment strategy, that may be subject to different fees than the Funds. Performance-based allocations or incentive fees on separately managed accounts or other funds may be negotiated on a case-by-case basis. Such performancebased fees will be described in the relevant documents for such other accounts. ExodusPoint or its affiliates may also manage funds or accounts which do not pay performance-based compensation to ExodusPoint but rather pay only an asset-based fee. In such event, ExodusPoint will have an incentive to favor funds and accounts which pay performance-based fees over funds and accounts which do not pay performance-based fees. ExodusPoint’s policies and procedures, including trade allocation policies, are designed to mitigate such conflicts.

Finally, each Fund will be audited by PricewaterhouseCoopers LLP, which will perform, as part of its audit, valuation testing on certain Fund assets and expense testing in connection with issuing the relevant audit opinion.

ExodusPoint and its employees do not have any relationships or arrangements with other financial services companies that pose material conflicts of interest. ExodusPoint is registered as a commodity pool operator with the Commodities Futures Trading Commission (the “CFTC”) and will operate the Funds in accordance with the exemption provided by CFTC Rule 4.7. ExodusPoint relies on an exemption from registration with the CFTC as a commodity trading advisor. The General Partners are affiliates of ExodusPoint. The General Partners are deemed by the SEC to be registered as investment advisers and the General Partners and any persons acting on behalf of a General Partner are subject to the Advisers Act and ExodusPoint’s compliance program. As noted above, the UK Sub-Adviser, a wholly-owned subsidiary of ExodusPoint, is authorized (pursuant to a Part 4a Permission) and regulated by the FCA to conduct regulated activity in the UK as a discretionary investment manager (FCA Number: 828549). The Jersey Sub-Adviser, a wholly-owned subsidiary of ExodusPoint, is authorized by the Jersey Financial Services Commission to conduct regulated activities under the Financial Services (Jersey) Law 1998 (as amended) as a discretionary investment manager. The Singapore Sub-Adviser, a wholly-owned subsidiary of ExodusPoint, holds a Capital Markets Services License for fund management issued by MAS (MAS Number: CMS100783). International Holdings, a wholly-owned subsidiary of ExodusPoint, has opened a Japan branch, where it is registered with the Kanto Local Finance Bureau of Japan to provide investment management services. The Hong Kong Sub-Adviser, a wholly-owned subsidiary of ExodusPoint, is licensed with the SFC to conduct

Type 9 (Asset Management) regulated activities (CE No.: BOU243). The Hong Kong SubAdviser’s license with the SFC is subject to certain conditions which are described at https://apps.sfc.hk/publicregWeb/corp/BOU243/conditions. The Dubai Sub-Adviser, a whollyowned subsidiary of ExodusPoint, is authorized and regulated by the DFSA to provide discretionary investment advisory services. In addition, the Domestic Sub-Adviser is an ExodusPoint subsidiary and US-based relying adviser; and as described in Item 8 above, ExodusPoint has engaged certain Third-Party Managers. ExodusPoint and its management persons are not registered as broker-dealers and do not have any application pending to register with the SEC as a broker-dealer or registered representative of a broker-dealer.

Transactions and Personal Trading Code of Ethics ExodusPoint recognizes and believes that (i) high ethical standards are essential for its success and to maintain the confidence of its clients and investors; (ii) its long-term business interests are best served by adherence to the principle that the interests of clients and investors come first; and (iii) it has a fiduciary duty to its clients and investors to act for their benefit. All ExodusPoint personnel must put the interests of clients and investors before their own personal interests and must act honestly and fairly in all respects in dealings with clients and investors. All ExodusPoint personnel must also comply with all federal securities laws. To establish the standard of business conduct that is expected of its personnel, ExodusPoint has adopted a written Code of Ethics that is applicable to all full-time employees as well as certain consultants, independent contractors and interns (together, “Access Persons”) as determined by the Compliance Department. The Code of Ethics is available upon request to clients by contacting ExodusPoint at the address or telephone number listed on the first page of this document. Participation or Interest in Client Transactions Eligible ExodusPoint personnel and eligible personnel of certain Third-Party Managers may hold direct or indirect financial interests in the Employee Vehicles, which in turn invest in the Funds. Additionally, subject to the procedures generally described in “Personal Trading” below, ExodusPoint Access Persons may make or hold investments in some of the same investments that are held or traded by the Funds. Further, certain Portfolio Managers and the members of their investment teams have been permitted and may in the future be permitted to manage a portion of their own capital according to the strategies they execute on behalf of the Funds. In addition, certain Portfolio Managers may trade in individual securities and instruments that they or that other Portfolio Managers trade on behalf of the Funds. Consequently, there is a possibility that such persons (i) might benefit from market activity by the Funds in respect of positions they both hold and (ii) may hold positions in their personal accounts potentially in conflict with positions held by the Funds. ExodusPoint has adopted policies and procedures (including personal trading policies described below) that are guided by the principle that ExodusPoint has fiduciary duties

and obligations to the Funds and aims to effect this principle by establishing a process by which Access Persons can trade for their personal accounts in a manner that is not inconsistent with ExodusPoint’s fiduciary duties to its clients. Personal Trading Access Persons must pre-clear certain personal securities transactions, including but not limited to certain transactions in “Reportable Securities” as defined in the Advisers Act and transactions in securities obtained through a private placement, before completing such transactions. Access Persons must also seek pre-clearance for transactions in Reportable Securities on behalf of their (i) spouses or domestic partners and (ii) immediate family members (if they live in the same household of the Access Person) (together, “Covered Persons”). ExodusPoint may deny any preclearance request, particularly if the transaction may pose a potential conflict of interest. ExodusPoint discourages Access Persons from short-term trading as such activity could be viewed as being in conflict with ExodusPoint’s general fiduciary principles. As such, ExodusPoint has instituted a holding period of 30 calendar days for certain securities requiring pre-clearance for all Access Persons and their Covered Persons. Upon hire and annually thereafter, Access Persons are required to provide holdings reports that reflect their current holdings in Reportable Securities, as well as the current holdings of their Covered Persons. Access Persons are also required to submit transaction reports for all transactions in Reportable Securities no later than 30 days after the end of each calendar quarter on behalf of themselves and their Covered Persons. From time to time, ExodusPoint may have material non-public information, whether through a confidentiality agreement with a company, or otherwise. ExodusPoint maintains a restricted list which contains the names of companies for which ExodusPoint may be in possession of material non-public information, and/or where it has a confidentiality obligation. Trading in the securities of an issuer appearing on the ExodusPoint Restricted List must be approved by the Compliance Department whether the trading is proposed in a Client Account or a Personal Account. The Chief Compliance Officer, or their designee, has authority to waive certain personal trading policy requirements, in accordance with applicable regulations, if such waivers would not be adverse to ExodusPoint clients. In such instances, a review is performed by ExodusPoint’s Compliance Department to assess the potential materiality of any impact and/or any other relevant considerations to determine if such trade is to be permitted. Cross Trades and Principal Transactions ExodusPoint and its personnel do not purchase or sell any securities for their own accounts to or from Clients, except with the prior approval of Compliance. On occasion, subject to applicable Client fund investment guidelines and restrictions, ExodusPoint may affect “cross” transactions, through unaffiliated broker-dealers or by “journal entry,” between accounts in which one Client will purchase an investment held by another Client. For the avoidance of doubt, any inadvertent or unintentional executions of two ExodusPoint orders in the marketplace will not be considered

cross trades subject to this policy. If ExodusPoint decides to engage in a cross trade, ExodusPoint will determine that the trade is in the best interests of each Client involved and take steps to ensure that the transaction is consistent with the duty to obtain best execution for each of those Clients. To the extent that Cross Trades may be viewed as principal transactions due to the ownership interest in a Client by ExodusPoint or its personnel, ExodusPoint will comply with the requirements of Section 206(3) of the Advisers Act. The Master Fund may invest through trading subsidiaries whose equity is held by ExodusPoint. Such investments may be made through debt instruments with the goal of achieving favorable tax treatment for the Master Fund. It is not expected that ExodusPoint itself will materially benefit from such arrangements.

Brokerage ExodusPoint is authorized to determine the broker or dealer to be used for each securities transaction on behalf of the Funds. In selecting brokers and determining commission rates, ExodusPoint complies with best price and execution requirements. In selecting the brokers for the Funds, ExodusPoint considers such factors as: price; execution capabilities, including efficiency of execution and willingness to execute difficult transactions; financial strength and stability; block trading and block positioning capabilities; reputation; infrastructure; reliability; quality of research products or services and other value-added services. ExodusPoint pays bundled commission rates and receives research and brokerage provided by many of its executing and prime brokers (subject to applicable rules, including, to the extent applicable, MiFID II). ExodusPoint need not solicit competitive bids and does not have an obligation to seek the lowest available commission cost. Commission rates are generally negotiable, and selecting brokers on the basis of considerations that are not limited to commission rates generally results in higher transaction costs than would otherwise be obtainable. Brokers may provide research and brokerage services directly or by paying service providers engaged by ExodusPoint. In addition, ExodusPoint is permitted to, subject to its best execution policy, trade with certain brokers primarily in consideration of the provision of research services. In any such case ExodusPoint will determine in good faith that the amount of commissions charged is reasonable in relation to the value of the brokerage and research products or services provided by the broker. ExodusPoint has an incentive to select broker-dealers based on benefits that it receives from brokers, whether or not pursuant to soft dollar arrangements as described herein, rather than the interests of the Funds in receiving the most favorable execution. Any products or services that ExodusPoint receives from broker-dealers may be used in connection with its management of its client accounts.

ExodusPoint assumes no responsibility for the actions or omissions of any broker or dealer selected by ExodusPoint in accordance with its standard of care. Soft Dollars Section 28(e) of the Exchange Act provides a “safe harbor” to investment managers who use “soft dollars,” i.e., commissions generated by their advised accounts, to obtain investment research and brokerage services from companies that provide lawful and appropriate assistance to the manager in connection with the investment decision-making process. Conduct outside of the safe harbor afforded by Section 28(e) is subject to the traditional standards of fiduciary duty under state and federal law. ExodusPoint will only enter into arrangements under which it receives products and services in exchange for soft dollars where it reasonably believes that the arrangements fall within the safe harbor of Section 28(e). Where a product or service provided has both “eligible” uses under Section 28(e), i.e., uses related to ExodusPoint’s investment decision-making process, but also has other uses, ExodusPoint will make a reasonable allocation between the eligible and non-eligible uses and use soft dollars only for the eligible portion. In addition, ExodusPoint will use soft dollars to pay for certain usage of “eligible” research or brokerage products or services on behalf of its non-US affiliates, all in accordance with Section 28(e). Research and brokerage services obtained through the use of commissions arising from the Funds’ trading activities and transactions may be used by ExodusPoint in its other investment activities. The Funds may not necessarily, in any particular instance, be the direct or indirect beneficiary of the research or brokerage services provided in consideration of the soft dollars generated by the Funds’ trading. ExodusPoint is specifically authorized to, does and expects to direct brokerage to firms that provide such services. In addition, ExodusPoint will use soft dollars to pay for certain usage of “eligible” research or brokerage products or services on behalf of its non-US affiliates, all in accordance with Section 28(e). Services constituting “research” under Section 28(e) that ExodusPoint receives in connection with the Funds’ trading may include, but are not limited to: newswire and quotation services; research reports; financial newsletters and trade journals; software used to analyze securities portfolios; corporate governance research and rating services; attendance at certain seminars and conferences; economic and market information; portfolio strategy advice; industry and company comments; technical data; recommendations; information on industries, groups of securities, individual companies, political developments, legal developments affecting portfolio securities and technical market action; statistical information; accounting and legal interpretations relating to Fund transactions; credit analysis; risk measurement analysis and performance analysis. These research services are received in the form of written reports, calls and meetings with research analysts, as well as in the form of access to computer-generated data and meetings arranged with corporate and industry spokespersons, economists, academicians and/or government representatives. Products and services constituting “brokerage” under Section 28(e) that ExodusPoint may receive in connection with the Funds’ trading include, but are not limited to: services related to the execution, clearing and settlement of securities transactions and functions incidental thereto, such as connectivity services between ExodusPoint and a broker-dealer and other relevant parties such as custodians; trading software operated by a broker-dealer to route

orders; software that provides trade analytics and trading strategies; software used to transmit orders; trade clearance and settlement; electronic communication of allocation instructions; routing of settlement instructions; post-trade matching of trade information; and services required by the SEC or a self-regulatory organization such as comparison services, electronic confirms or trade affirmations. ExodusPoint does, but is not obligated to, enter into arrangements under which certain direct expenses of the Funds are paid with soft dollars. ExodusPoint will enter into such arrangements where it believes that it is administratively or operationally expedient to do so or where they are generally as favorable to the Funds as an arrangement under which the Funds pay for the products or services in question with cash. However, such arrangements make it more difficult for investors to evaluate the cost structure of the Funds because the costs of such products or services are not broken out separately. In addition to any soft dollar arrangements that ExodusPoint enters into with brokers, brokers provide certain research or other products or services to all of their customers, including ExodusPoint, without being requested to do so. Similarly, brokers have and in the future may refer investors to ExodusPoint. ExodusPoint takes advantage of the products or services provided rather than producing them or paying for them from another provider. Similarly, ExodusPoint has and in the future may accept investor referrals from brokers in appropriate circumstances. In these situations, ExodusPoint receives a benefit because it does not have to pay for the products or services, such as research, or because it will potentially receive additional compensation if the Funds accept new investments. Trade Errors ExodusPoint has established order handling processes and procedures designed to reduce the likelihood of trade errors and, in its sole discretion, will determine what constitutes a trade error. Except as described below, the Funds bear the cost of any trade errors of ExodusPoint and the Portfolio Managers with respect to its placing or executing trades for the Funds, as such errors are considered by ExodusPoint to be a cost of doing business. Pursuant to the exculpation of liability and indemnification provisions of the investment management agreement between ExodusPoint and the Funds, ExodusPoint is only obligated to reimburse the Funds for any trade error resulting from ExodusPoint’s fraud, gross negligence or willful misconduct. ExodusPoint, subject to its fiduciary obligations, will determine whether or not any loss resulting from a trade error is required to be reimbursed in accordance with such liability and exculpation provisions. Any positive trade errors will be for the benefit of the Funds.

ExodusPoint does not currently engage solicitors or placement agents to market the Funds but may do so in the future. ExodusPoint effects securities transactions through a number of broker-dealers. By virtue of its conducting business with broker-dealers, ExodusPoint may receive certain economic benefits from such broker-dealers which would not be received if it did not transact through the brokerdealers. These benefits may include, but are not limited to: access to an electronic communication network for order entry and account information; receipt of proprietary research; and participation in broker-dealer sponsored research and capital introduction services. ExodusPoint understands that the benefits received through its relationship with the broker-dealers (including its prime brokers) generally do not depend upon the amount of transactions directed to, or amount of assets custodied by, the broker-dealers.

Neither ExodusPoint nor any of its officers, directors, or employees or other management persons have been involved in any legal or disciplinary events that would require disclosure in response to this item.

Reviews ExodusPoint performs various daily, weekly, monthly, quarterly and periodic reviews of each client’s portfolio. Such reviews are conducted in the ordinary course by the members of

ExodusPoint’s management team, Portfolio Managers and analysts, and risk, accounting and compliance personnel. A review of a client account may also be triggered by any unusual activity or special circumstances. Reports to Investors The Funds will distribute to each investor unaudited monthly capital account statements and, within 90 days following the close of each fiscal year, an annual report containing audited financial statements of the Funds for the fiscal year then ended. The Funds provide to each investor, as applicable, tax information relating to the accounts necessary for the preparation of an investor’s US federal income tax return. ExodusPoint may distribute additional reports to investors from time to time in its sole discretion. ExodusPoint anticipates that any additional funds and client accounts will provide similar investor reporting, although the actual terms of such reporting will be set forth in the governing documents of the relevant fund or client account. The Advisory Committee and the Board of Directors The Domestic Feeder Fund, the Intermediate Fund and the Master Fund each have an Advisory Committee composed of at least three members and the Offshore Feeder Fund has a board of directors (the “Board of Directors”). The Advisory Committee and the Board of Directors are each composed of two independent parties and a member of the management team of ExodusPoint. ExodusPoint may remove members from and appoint members to the Advisory Committee from time to time in its discretion, provided that the Advisory Committee must be composed of at least three members and a majority of the members must be independent of ExodusPoint. The Advisory Committee and the Board of Directors are responsible for approving, on behalf of the investors and the relevant Funds, any principal transactions for which client consent is required pursuant to Section 206(3) of the Advisers Act or any other conflicted matters between the Domestic Feeder Fund, the Intermediate Fund, the Offshore Feeder Fund or the Master Fund, on the one hand, and ExodusPoint or its affiliates, on the other hand, which are presented to the Advisory Committee or the Board of Directors, as applicable, by ExodusPoint in its sole discretion. For the avoidance of doubt, any affiliated Director or Advisory Committee member, as applicable, will recuse himself or herself from any votes and/or determinations regarding a conflict involving ExodusPoint. The Advisory Committee and the Board of Directors have the authority to approve, ratify or consent to (or, in certain cases where required by the Advisers Act, revoke approval for) matters on behalf of the investors in the Funds for purposes of the Advisers Act or otherwise. The Advisory Committee will meet at such times as ExodusPoint or the General Partner may determine. Please refer to the Funds’ offering documents for additional information regarding the Advisory Committee and the Board of Directors.

With the exception of any investments in “privately offered securities,” per Rule 206(4)-2 under the Advisers Act (the “Custody Rule”), all Fund assets will be held in custody by unaffiliated broker-dealers or banks acting in the capacity as “qualified custodians.” Notwithstanding the foregoing, the General Partner’s role as general partner to the Funds enables ExodusPoint’s personnel to access Fund assets, and ExodusPoint has developed procedures to safeguard and protect such assets in compliance with the Custody Rule. Such procedures include among other things, the separation of functions and dual signatory approvals for the movement of the Funds’ capital. The Funds are subject to an annual audit and the audited financial statements are distributed to each Fund investor. The audited financial statements are prepared in accordance with generally accepted accounting principles, are intended to be issued with an unqualified opinion, and distributed to investors within 120 days of the Funds’ fiscal year ends in accordance with the Custody Rule.

ExodusPoint has entered into a discretionary investment management agreement with the Domestic Feeder Fund, the Offshore Feeder Fund, the Intermediate Fund and the Master Fund. The Employee Vehicles only invest in their respective Feeder Funds. ExodusPoint buys and sells securities and other instruments for the Funds on a discretionary basis in a manner consistent with the Funds’ investment objectives and restrictions, as set forth in the Funds’ offering documents. The Singapore Sub-Adviser, the UK Sub-Adviser, the Japan Branch, the Hong Kong Sub-Adviser, the Jersey Sub-Adviser, the Domestic Sub-Adviser, and the Dubai

Sub-Adviser respectively, will maintain similar investment discretion as ExodusPoint as allocated to each such ExodusPoint sub-adviser by ExodusPoint. ExodusPoint has complete discretion to select and allocate capital among investment strategies and Portfolio Managers and may cause the Funds to invest in any additional investment strategies not listed herein in its own discretion. Strategies employed on behalf of the Funds may differ in terms of style, asset class, geography, concentration, leverage or exposure. Each Portfolio Manager has full discretion to manage capital allocated to it within investment and risk guidelines agreed to by ExodusPoint and the Portfolio Manager. The Funds may retain a significant amount of cash or cash equivalents for hedging or risk management purposes or to preserve future investment opportunities. ExodusPoint anticipates that it will have similar investment discretion over any additional client accounts that it manages.

Due to the nature of the services provided to Clients, the Firm’s investment strategies, and the generally high turnover of the Firm’s portfolios, ExodusPoint does not vote proxies as a general practice. The Firm’s strategies are typically not dependent upon the outcome of proxy contests, and proxy voting is therefore not routinely conducted. Notwithstanding the foregoing, in limited circumstances, ExodusPoint may vote a proxy when a Portfolio Manager determines that such action is in the best interests of the applicable Fund and its investors. In such cases, ExodusPoint will consider whether the proposed vote could introduce any potential material conflicts of interest between ExodusPoint and the Fund prior to voting. ExodusPoint has developed written policies and procedures governing its proxy voting practices. Fund investors may obtain a copy of ExodusPoint’s proxy voting policies and procedures upon request. With respect to class actions, it is generally ExodusPoint’s policy to participate in recoveries related to securities and antitrust class actions and to file the necessary claim forms on behalf of the Funds. ExodusPoint has engaged a third party that monitors and files for any class action recoveries. While ExodusPoint has not acted as a lead plaintiff with respect to such actions, it may do so if it determines it is in the best interests of the Funds.

ExodusPoint has never filed for bankruptcy and is not aware of any financial condition that is expected to affect its ability to manage client accounts.