Fees: 1.5% Management fee,
20% Performance fee,
with a high watermark
Investment Manager: Western Standard LLC
General Partner: Eric D. Andersen
Prime Brokers: JP Morgan Clearing Corp, and
Goldman Sachs ... Firm: Paul Hastings LIP
Fund Administrator: HedgeCount, LLC
For further information, Western Standard LLC
please contact: 1507 Berkeley Street, Suite 7
Santa Monica ... reproduced or redistributed without the prior written
consent of Western Standard LLC. This is not an offering or the solicitation of an offer to purchase an interest. Any such offer