Act Capital Management LLC

Item 5: Fees and Compensation
The Firm is paid by the Fund, as of the beginning of each calendar month, a
management fee at the rate of two percent (2.0%) per annum. Please refer to the Fund’s
offering documents for a full explanation of Fund fees and expenses.

   A. Management fees are not generally negotiable by investors in the Fund. ACT may
      also elect to waive or reduce any management fees payable by an investor in the
      Fund (in limited instances). Except as set forth below, management fees are
      typically non-refundable once paid.

   B. In addition to paying investment management fees and performance-based
      compensation, the Fund may also be subject to other investment expenses such as
      brokerage fees, commissions and interest expenses. Additional fees may include

      legal, accounting and consulting expenses, auditing and tax preparation expenses,
      news, quotation and computer equipment and services, dues and subscriptions,
      expenses incurred for research and investment information related purposes, for
      Fund investors expenses relating to the offer and sale of limited Fund interests and
      other expenses related to the Fund. Please also review the offering and related
      documents of the Fund for a description of the fees and expenses associated with
      an investment therein. See also Item 12 for a discussion of brokerage fees paid by
      the Fund.

   C. Neither ACT nor any of its supervised persons accepts compensation for the sale
      of securities or other investment products, including asset-based sales charges or
      service fees from the sale of mutual funds.

Item 7: Types of Clients
As described in Item 4, the Firm’s Clients currently consist of private Funds. For the
Fund, Investors must contribute a minimum of $250,000 (which may be waived or
reduced at the General Partner’s discretion) on a case by case basis.