FEES AND COMPENSATION
A. Advisory Fees and Compensation.
MeehanCombs no longer accepts fees for its services.
B. Additional Fees and Expenses.
Investors in the Funds are generally responsible for the costs and expenses of a Fund, as set
forth in the Fund’s offering documentation.
Generally, each Fund will bear all of its and its pro rata share of the Master Fund's legal and
other organizational expenses incurred in the formation of the Fund and the Master Fund, including
any and all expenses relating to capital raising activities. Each Fund will bear its own operating and
other expenses and its pro rata share of the Master Fund's expenses including, but not limited to,
investment-related expenses (e.g., costs, fees and other out-of-pocket expenses directly related to
(i) the investigation of investment opportunities (whether or not consummated) and (ii) the acquisition,
ownership, financing, hedging or sale of its investments, including transaction and investment banking
or similar fees, legal and other expenses, brokerage commissions, information-related expenses,
clearing and settlement charges, custodial fees, interest expenses, appraisal fees and other due
diligence expenses), all operational expenses, including legal (including responding to formal and
informal inquiries and indemnification expenses), auditing, tax preparation and accounting expenses
(including expenses associated with the preparation of financial statements, tax returns and Schedules
K-1), expenses incurred in the collection of monies owed to the Fund and the Master Fund, insurance
expenses, regulatory expenses (including fees of the Fund’s compliance consultant or any such other
person, firm or entity providing such services from time to time, filing fees and professional fees and
expenses incurred in connection with regulatory filings pertaining to Fund (or Master Fund)
portfolios), the Management Fee, compensation of the members of the Board of Advisors, fees of the
Administrator and any other service providers, and to the extent applicable, any entity-level taxes, fees
or other governmental charges levied against the Fund and the Master Fund, extraordinary expenses
(such as litigation-related and indemnification expenses) and expenses comparable to the foregoing.
To the extent that Clients are invested in an exchange-traded fund or mutual fund, the Fund or
separately managed account will bear, along with other shareholders, its pro rata portion of the
exchange-traded fund’s or mutual fund’s management, trading, and administrative fees and
expenses.The Onshore Fund and the Offshore Fund will bear their pro rata share of the Master Fund’s
legal and organizational expenses and Operating Expenses. The Funds may, for accounting purposes,
amortize these expenses over the first 60 months.
Please see Item 12 for a discussion of MeehanCombs’ brokerage practices.
D. Prepayment of Fees.
Not applicable
E. Additional Compensation for the Sale of Securities or Other Investment Products.
Neither MeehanCombs nor any of its supervised persons accepts compensation for the
sale of securities or other investment products.