Common use of Admission of Investors Clause in Contracts

Admission of Investors. (a) The Fund shall have the unrestricted right at all times prior to the Termination Date to admit to the Fund such Investors as it may deem advisable. One Investor Share will be issued for each accepted subscription for $150,000 of Capital Contributions (before discounts or incentives) and fractional Shares may be issued in the Manager's sole discretion for proportional amounts of Capital Contributions. After the Termination Date, Section 9.6 shall govern the sale of Shares or different classes of Shares. (b) The aggregate subscriptions received for Capital Contributions of the Investors and accepted by the Fund will not exceed 1,000 Investor Shares ($150,000,000), immediately following the admission of such Investors. However, at any time prior to the Termination Date, the Manager in its sole discretion may increase the number of Investor Shares to 1,335 Investor Shares or more. (c) (i) If, by the close of business on December 31, 2006, Investor Shares representing Investor Capital Contributions in the aggregate amount of at least $1,500,000 have not been sold, the Fund shall be immediately dissolved at the expense of the Manager and all subscription funds shall be forthwith returned to the respective subscribers together with any interest earned thereon.

Admission of Investors. (a) The Fund shall have the unrestricted right at all times prior to the Termination Date to admit to the Fund such Investors as it may deem advisable. One Investor Share will be issued for each accepted subscription for $150,000 of Capital Contributions (before discounts or incentives) and fractional Shares may be issued in the Manager's ’s sole discretion for proportional amounts of Capital Contributions. After the Termination Date, Section 9.6 shall govern the sale of Shares or different classes of Shares. (b) The aggregate subscriptions received for Capital Contributions of the Investors and accepted by the Fund will not exceed 1,000 850 Investor Shares ($150,000,000127,500,000), immediately following the admission of such Investors. However, at any time prior to the Termination Date, the Manager in its sole discretion may increase the number of Investor Shares to 1,335 1,250 Investor Shares or more. (c) (i) If, by the close of business on December August 31, 20062007, Investor Shares representing Investor Capital Contributions in the aggregate amount of at least $1,500,000 have not been sold, the Fund shall be immediately dissolved at the expense of the Manager and all subscription funds shall be forthwith returned to the respective subscribers together with any interest earned thereon.

Admission of Investors. (a) The Fund shall have the unrestricted right at all times prior to the Termination Date to admit to the Fund such Investors as it may deem advisable. One Investor Share will be issued for each accepted subscription for $150,000 of Capital Contributions (before discounts or incentives) and fractional Shares may be issued in the Manager's sole discretion for proportional amounts of Capital Contributions. After the Termination Date, Section 9.6 shall govern the sale of Shares or different classes of Shares. (b) The aggregate subscriptions received for Capital Contributions of the Investors and accepted by the Fund will not exceed 1,000 535 Investor Shares ($150,000,00080,250,000), immediately following the admission of such Investors. However, at any time prior to the Termination Date, the Manager in its sole discretion may increase the number of Investor Shares to 1,335 935 Investor Shares or more. (c) (i) If, by the close of business on December 31, 20062005, Investor Shares representing Investor Capital Contributions in the aggregate amount of at least $1,500,000 have not been sold, the Fund shall be immediately dissolved at the expense of the Manager and all subscription funds shall be forthwith returned to the respective subscribers together with any interest earned thereon.

Admission of Investors. (a) The Fund shall have the unrestricted right at all times prior to the Termination Date to admit to the Fund such Investors as it may deem advisable. One Investor Share will be issued for each accepted subscription for $150,000 of Capital Contributions (before discounts or incentives) and fractional Shares may be issued in the Manager's sole discretion for proportional amounts of Capital Contributions. After the Termination Date, Section 9.6 shall govern the sale of Shares or different classes of Shares. (b) The aggregate subscriptions received for Capital Contributions of the Investors and accepted by the Fund will not exceed 1,000 800 Investor Shares ($150,000,000120,000,000), immediately following the admission of such Investors. However, at any time prior to the Termination Date, the Manager in its sole discretion may increase the number of Investor Shares to 1,335 1335 Investor Shares or more. (c) (i) If, by the close of business on December March 31, 2006, Investor Shares representing Investor Capital Contributions in the aggregate amount of at least $1,500,000 have not been sold, the Fund shall be immediately dissolved at the expense of the Manager and all subscription funds shall be forthwith returned to the respective subscribers together with any interest earned thereon.