NOTE 2 - PARTNERS CAPITAL
A. Capital Accounts and Allocation of Income
The Partnership accounts for subscriptions
and redemptions on a per partner capital account basis.
The Partnership consists of the General Partners
Interest, Special Interests, Class A Interests, Class B Interests and Institutional Interests (collectively referred to as Interests).
Income or loss (prior to management fees, administrative fees, service fees and incentive fees) is allocated pro rata among the
partners based on their respective capital accounts as of the end of each month in which the items accrue pursuant to the terms
of the Partnerships agreement of limited partnership, as may be amended and restated from time to time (the Agreement).
Special Interests, Class A Interests, Class B Interests and Institutional Interests are then charged with their applicable management
fee, administrative fee, service fee and incentive fee in accordance with the Agreement. Class A Interests, Class B Interests and
Institutional Interests were first issued by the Partnership on October 1, 2009.
The partners may withdraw their interests on a monthly basis upon
at least 15 days prior written notice, subject to the discretion of the General Partner.
No Limited Partner shall be liable for any
debts or liabilities of the Partnership or any losses thereof in excess of such Limited Partner's capital contributions, except
as may be required by law.
B. Subscriptions, Distributions and Redemptions
Investments in the Partnership are made by
subscription agreement, subject to acceptance by the General Partner.
The Partnership is not required to make distributions,
but may do so at the sole discretion of the General Partner. The General Partner may request and receive redemption of capital,
subject to the same terms as any Limited Partner.