SALIENT ADVISORS, L.P.Expense Limitation Agreement • March 15th, 2012 • Salient Absolute Return Fund
With reference to the Investment Advisory Agreement entered into by Salient Advisors, L.P. (the “Advisor”) and Salient Absolute Return Fund (the “SAR Fund”) and the Salient Absolute Return Master Fund (the “Master Fund”) on the 1st day of February 2010, and with reference to Services Agreement entered into by the Advisor and SAR Fund on the 29th day of January, 2010, we hereby notify you as follows:
