Westrock Asset Management LLC

Item 5: Fees and Compensation

DESCRIPTION OF COMPENSATION AND FEE SCHEDULE
In consideration of our advisory services, we and/or certain of our affiliates generally are entitled to receive
management fees and performance-based compensation from or with respect to our clients. While the applicable
fees and compensation are described in detail in the applicable offering and/or governing documents, a summary of
our basic fee schedule is set forth below.
Management Fee. Each of the Master Fund, the Arch Fund and the Absolute Return Fund generally bear, as of the
beginning of each calendar quarter in advance, an asset-based management fee (the “Management Fee”) equal to a
percentage of the net asset value of each separate account of an investor as of the beginning of such calendar quarter.
With respect to each separate account of an investor with respect to the Master Fund and with respect to each capital
account of an investor with respect to the Arch Fund and the Absolute Return Fund, the Management Fee percentage
generally will be 0.5% (2.0% per annum) of the net asset value of such separate account or capital account, as
applicable, as of the beginning of each calendar quarter. Any investment by the Arch Fund in and through the Arch
Underlying Funds generally will not be subject to any separate and additional management fees or other asset-based
fees at the Arch Underlying Fund level. Any investment by the Absolute Return Fund in and through the Absolute
Return Underlying Funds generally will not be subject to any separate and additional management fees or other
asset-based fees at the Absolute Return Underlying Fund level. Notwithstanding the foregoing, any investment by
the Absolute Return Fund in and through an Unaffiliated Underlying Fund will or may be subject to management
fees or other asset-based fees at the underlying fund level.
Performance Allocation. Subject to certain terms, limitations and conditions, at the end of each fiscal year (and such
other times set forth in the partnership agreement of the Master Fund, the Arch Fund or the Absolute Return Fund,
as applicable) one of our affiliates generally is entitled to receive a performance-based allocation equal to a
percentage of the net profits allocated to each separate account or capital account, as applicable, of an investor for
the applicable period (subject to certain adjustments and a “high water mark”). The performance allocation
percentage generally is 20% of the net profits allocated to each separate account of an investor. The performance
allocation is calculated and determined separately with respect to each separate account or capital account, as
applicable, of an investor. Any net profits attributable to any investment by the Arch Fund in and through the Arch
Underlying Funds generally will not be subject to any separate and additional performance allocation or other
performance-based fees at the Arch Underlying Fund level. Any net profits attributable to any investment by the
Absolute Return Fund in and through the Absolute Return Underlying Funds generally will not be subject to any
separate and additional performance allocation or other performance-based fees at the Absolute Return Underlying
Fund level. Notwithstanding the foregoing, any investment by the Absolute Return Fund in and through an
Unaffiliated Underlying Fund will or may be subject to separate and additional performance allocation or other
performance-based fees at the underlying fund level.
A “cumulative net loss” account (also known as a “high water mark”) is maintained by each of the Master Fund, the
Arch Fund and the Absolute Return Fund with respect to each separate account or capital account, as applicable, of
an investor (a “Cumulative Net Loss Account”). At the end of each fiscal period, each Cumulative Net Loss
Account is (i) debited with the sum of the cumulative amount of net losses, if any, allocated to the relevant separate
account or capital account, as applicable, since the immediately preceding date as of which a calculation of the
performance allocation was made (or if no calculation has yet been made with respect to such separate account, or
capital account, as applicable, since such separate account or capital account, as applicable, was established) and the
cumulative amount of any Management Fees charged with respect to such separate account or capital account, as
applicable, and (ii) credited (but not below zero) with the cumulative net profits, if any, allocated to such separate
account or capital account, as applicable, since the immediately preceding date as of which a calculation of a
performance allocation was made (or the date such separate account or capital account, as applicable, was
established, if applicable). No performance allocation will be made with respect to a separate account of an investor
until the debit balance in the corresponding Cumulative Net Loss Account has been reduced to zero.
Each investor generally is required to certify that it is, among other things, an “accredited investor” (as such term is
defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended) and a “qualified purchaser”
(as such term is defined in Section 2(a)(51)(A) of the Investment Company Act of 1940, as amended).

Our advisory fees with respect to each investor generally are not negotiable. However, subject to certain conditions
and limitations, the Management Fee and/or performance allocation with respect to any investor may be waived or
reduced by us or our affiliate. Notwithstanding the foregoing, we and certain of our affiliates have entered into side
letter agreements and other arrangements with certain investors in the Feeder Fund (the “Seed Investors”), pursuant
to which such Seed Investors have certain preferential economic and non-economic rights and terms with respect to
the Funds and us (including, without limitation, most favored nations status, a portion of the Management Fee and
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TYPES OF CLIENTS
We currently provide investment advisory, commodity interest trading advice and/or other services to our affiliated
private pooled investment vehicles (the Funds). We may in the future provide investment advice to other clients or
types of clients including, but not limited to, other pooled investment vehicles and separately managed accounts.
ACCOUNT REQUIREMENTS
The minimum initial capital contribution or subscription required for an investor in the Feeder Fund, the Arch Fund
or the Absolute Return Fund generally is $1,000,000, although capital contributions or subscriptions of lesser
amounts may be accepted in our discretion (subject to applicable law).
To invest in the Feeder Fund, the Arch Fund or the Absolute Return Fund, each investor generally is required to
certify that it is, among other things, an “accredited investor” (as such term is defined in Rule 501(a) of Regulation
D under the Securities Act of 1933, as amended) and a “qualified purchaser” (as such term is defined in Section
2(a)(51)(A) of the Investment Company Act of 1940, as amended). Each prospective investor generally is required
to complete and return various subscription documents to the Feeder Fund, the Arch Fund or the Absolute Return
Fund, which are designed to provide the Feeder Fund, the Arch Fund or the Absolute Return Fund, the
administrator, us and our affiliates and agents with important information about the investor. Subscriptions may be
accepted or rejected, in whole or in part, in our sole discretion.