Artist Capital Management LLC

Item 5 Fees and Compensation
Each Fund pays ACM an investment management fee (the "Management Fee"). These fees are
calculated in accordance with the relevant Fund's governing documents and are typically a percentage
of capital commitments or capital contributions, or a percentage of net asset value. Management Fees
are generally payable quarterly as a Fund expense.

In addition, the general partner of a Fund may reduce or eliminate the Management Fee with respect
to certain affiliates, their employees, and such employees' affiliates.

Affiliates of ACM acting as the general partners of the Funds are also entitled to receive performance-
based fees as further described under Item 6 below.

Additional Fees and Expenses

Additionally, each Fund will also bear certain organizational and offering expenses and
operating expenses. Organizational and offering expenses are subject to a cap specified in the
Fund's offering materials and governing documents and may include out-of-pocket and internal
expenses of such Fund's general partner and its agents incurred in the formation of the Fund.
Operating expenses generally include certain legal, regulatory and accounting fees and expenses,
expenses of investor and investor advisory committee meetings, and certain insurance and
indemnification expenses. Further details on the additional expenses each Fund will bear are
contained in the Fund's offering materials and governing documents.

Item 7 Types of Clients
ACM provides investment advice to the Funds, which are exempt from registration pursuant to Section
3(c)(1) and/or 3(c)(7) of the Investment Company Act.

The minimum investment amount in respect of each Fund varies and is outlined in the Fund's offering
materials and governing documents, but is subject to the applicable Fund's general partner's right to
accept investments of a lesser amount in its sole discretion.

Compensation for the Sale of Securities or Other Investment Products

Certain persons providing investment advice on behalf of our firm are registered representatives of
Artist Capital LLC ("Artist Capital"), a broker-dealer registered with the U.S. Securities and Exchange
Commission and regulated by the Financial Industry Regulatory Authority Inc. In their capacity as
registered representatives, these persons receive compensation in connection with the purchase and
sale of securities or other investment products. Compensation earned by these persons in their
capacities as registered representatives is separate and in addition to our Management Fees. This
practice presents a conflict of interest because persons providing investment advice to advisory clients
on behalf of our firm who are registered representatives have an incentive to recommend investment
products based on the compensation received rather than solely based on your needs. You are under
no obligation, contractually or otherwise, to purchase securities products through any person affiliated
with our firm who receives compensation described above.