Common use of Capital Contributions and Interests of Limited Partnership Interest Clause in Contracts

Capital Contributions and Interests of Limited Partnership Interest. The General Partner may purchase General Partnership Interests or Limited Partnership Interests (Interests) and may redeem any such General Partnership Interest as of any month-end on the same terms as any Limited Partner. Interests in the Partnership shall be Limited Partnership Interests (Interests or, individually, an Interest). An Interest shall represent a percentage of the Partnership’s Net Assets. No certificates will be issued. The General Partner and the initial Limited Partner have each contributed $1,000 in cash to the capital of the Partnership in order to form the Partnership. The Partnership may, in accordance with its latest Offering Memorandum (Memorandum), issue and sell Interests to other persons (including the General wxxxxx futures fund, l.p. (us) EXHIBIT A-2 Partner and its affiliates). As set forth in Paragraph 12 of this Agreement, following termination of the initial offering of the Interests, additional Interests may be sold. If the Partnership does not obtain during the initial period of the offering of the Interests (Initial Offering Period) subscriptions for at least $1 million, this Agreement may terminate, and the initial contribution of the General Partner and the initial Limited Partner will be returned to them. The Partnership shall not commence trading operations unless and until the General Partner has accepted subscriptions (which may include Interests subscribed for by the General Partner or any affiliate of the General Partner, any Selling Agent, Advisor or affiliate) for at least $1 million, not including the Interest initially purchased by the initial Limited Partner. The General Partner may terminate the offering of Interests at any time. The aggregate of all capital contributions shall be available to the Partnership to carry on its business and no interest shall be paid by the Partnership to subscribers on any funds after their contribution to the Partnership. All Interests are subscribed for upon receipt of a check, draft or wire transfer of the subscriber and are issued subject to the collection of the funds represented by the check, draft or wire transfer. If a check or draft of a subscriber for Interests representing payment for Interests is returned unpaid, the Partnership shall cancel the Interests issued to that subscriber represented by the returned check or draft and the General Partner shall file an amendment to the Partnership’s Certificate of Limited Partnership reflecting the cancellation in any jurisdiction where the filing may be necessary. Any losses or profits sustained by the Partnership in connection with the Partnership’s commodity trading allocable to any canceled Interests shall be deemed an increase or decrease in Net Asset Value and allocated among the remaining Partners as described in Paragraph 7. Each subscriber agrees to reimburse the Partnership for any expense or losses incurred in connection with any cancellation of Interests issued to him.

Capital Contributions and Interests of Limited Partnership Interest. The General Partner may purchase General Partnership Interests or Limited Partnership Interests (Interests) and may redeem any such General Partnership Interest as of any month-end on the same terms as any Limited Partner. Interests in the Partnership shall be Limited Partnership Interests (Interests or, individually, an Interest). An Interest shall represent a percentage of the Partnership’s Net Assets. No certificates will be issued. The General Partner and the initial Limited Partner have each contributed $1,000 in cash to the capital of the Partnership in order to form the Partnership. The Partnership may, in accordance with its latest Offering Memorandum (Memorandum), issue and sell Interests to other persons (including the General wxxxxx futures fundALTEGRIS XXXXXX FUTURES FUND, l.p. (us) EXHIBIT A-2 L.P. Partner and its affiliates). As set forth in Paragraph 12 of this Agreement, following termination of the initial offering of the Interests, additional Interests may be sold. If the Partnership does not obtain during the initial period of the offering of the Interests (Initial Offering Period) subscriptions for at least $1 million, this Agreement may terminate, and the initial contribution of the General Partner and the initial Limited Partner will be returned to them. The Partnership shall not commence trading operations unless and until the General Partner has accepted subscriptions (which may include Interests subscribed for by the General Partner or any affiliate of the General Partner, any Selling Agent, Advisor or affiliate) for at least $1 million, not including the Interest initially purchased by the initial Limited Partner. The General Partner may terminate the offering of Interests at any time. The aggregate of all capital contributions shall be available to the Partnership to carry on its business and no interest shall be paid by the Partnership to subscribers on any funds after their contribution to the Partnership. All Interests are subscribed for upon receipt of a check, draft or wire transfer of the subscriber and are issued subject to the collection of the funds represented by the check, draft or wire transfer. If a check or draft of a subscriber for Interests representing payment for Interests is returned unpaid, the Partnership shall cancel the Interests issued to that subscriber represented by the returned check or draft and the General Partner shall file an amendment to the Partnership’s Certificate of Limited Partnership reflecting the cancellation in any jurisdiction where the filing may be necessary. Any losses or profits sustained by the Partnership in connection with the Partnership’s commodity trading allocable to any canceled Interests shall be deemed an increase or decrease in Net Asset Value and allocated among the remaining Partners as described in Paragraph 7. Each subscriber agrees to reimburse the Partnership for any expense or losses incurred in connection with any cancellation of Interests issued to him.

Capital Contributions and Interests of Limited Partnership Interest. The General Partner may purchase General Partnership Interests or Limited Partnership Interests (Interests) and may redeem any such General Partnership Interest as of any month-month end on the same terms as any Limited Partner. Interests in the Partnership shall be Limited Partnership Interests (Interests or, individually, an Interest). An Interest shall represent a percentage of the Partnership’s Net Assets. No certificates will be issued. The General Partner and the initial Limited Partner have each contributed $1,000 in cash to the capital of the Partnership in order to form the Partnership. Upon the admission of additional Limited Partners, the initial Limited Partner may withdraw from the Partnership as the initial Limited Partner. The Partnership may, in accordance with its latest Offering Memorandum (Memorandum), issue and sell Interests to other persons (including the General wxxxxx futures fund, l.p. (us) EXHIBIT A-2 Partner and its affiliates). As set forth in Paragraph 12 of this Agreement, following termination of the initial offering of the Interests, additional Interests may be sold. If the Partnership does not obtain during the initial period of the offering of the Interests (Initial Offering Period) subscriptions for at least $1 5 million, this Agreement may terminate, and the initial contribution of the General Partner and the initial Limited Partner will be returned to them. The Partnership shall not commence trading operations unless and until the General Partner has accepted subscriptions (which may include Interests subscribed for by the General Partner or any affiliate of the General Partner, any Selling Agent, Advisor or affiliate) for at least $1 5 million, not including the Interest initially purchased by the initial Limited Partner. The General Partner may terminate the offering of Interests at any time. The aggregate of all capital contributions shall be available to the Partnership to carry on its business and no interest shall be paid by the Partnership to subscribers on any funds after their contribution to the Partnership. All Interests are subscribed for upon receipt of a check, draft or wire transfer of the subscriber and are issued subject to the collection of the funds represented by the check, draft or wire transfer. If a check or draft of a subscriber for Interests representing payment for Interests is returned unpaid, the Partnership shall cancel the Interests issued to that subscriber represented by the returned check or draft and the General Partner shall file an amendment to the Partnership’s Certificate of Limited Partnership reflecting the cancellation in any jurisdiction where the filing may be necessary. Any losses or profits sustained by the Partnership in connection with the Partnership’s commodity trading allocable to any canceled Interests shall be deemed an increase or decrease in Net Asset Value and allocated among the remaining Partners as described in Paragraph 7. Each subscriber agrees to reimburse the Partnership for any expense or losses incurred in connection with any cancellation of Interests issued to him.

Capital Contributions and Interests of Limited Partnership Interest. The General Partner may purchase General Partnership Interests or Limited Partnership Interests (Interests) and may redeem any such General Partnership Interest as of any month-month end on the same terms as any Limited Partner. Interests in the Partnership shall be Limited Partnership Interests (Interests or, individually, an Interest). An Interest shall represent a percentage of the Partnership’s Net Assets. No certificates will be issued. The General Partner and the initial Limited Partner have each contributed $1,000 in cash to the capital of the Partnership in order to form the Partnership. Upon the admission of additional Limited Partners, the initial Limited Partner may withdraw from the Partnership as the initial Limited Partner. The Partnership may, in accordance with its latest Offering Memorandum (Memorandum), issue and sell Interests to other persons (including the General wxxxxx futures fund, l.p. (us) EXHIBIT A-2 Partner and its affiliates). As set forth in Paragraph 12 of this Agreement, following termination of the initial offering of the Interests, additional Interests may be sold. If the Partnership does not obtain during the initial period of the offering of the Interests (Initial Offering Period) as described in the Partnership’s Offering Memorandum (the Memorandum) subscriptions for at least $1 million5 million , this Agreement may terminate, and the initial contribution of the General Partner and the initial Limited Partner will be returned to them. The Partnership shall not commence trading operations unless and until the General Partner has accepted subscriptions (which may include Interests subscribed for by the General Partner or any affiliate of the General Partner, any Selling Agent, Advisor advisor or affiliate) for at least $1 5 million, not including the Interest initially purchased by the initial Limited Partner. The General Partner may terminate the offering of Interests at any time. The aggregate of all capital contributions shall be available to the Partnership to carry on its business and no interest shall be paid by the Partnership to subscribers on any funds after their contribution to the Partnership. All Interests are subscribed for upon receipt of a check, draft or wire transfer of the subscriber and are issued subject to the collection of the funds represented by the check, draft or wire transfer. If a check or draft of a subscriber for Interests representing payment for Interests is returned unpaid, the Partnership shall cancel the Interests issued to that subscriber represented by the returned check or draft and the General Partner shall file an amendment to the Partnership’s Certificate of Limited Partnership reflecting the cancellation in any jurisdiction where the filing may be necessary. Any losses or profits sustained by the Partnership in connection with the Partnership’s commodity trading allocable to any canceled Interests shall be deemed an increase or decrease in Net Asset Value and allocated among the remaining Partners as described in Paragraph 7. Each subscriber agrees to reimburse the Partnership for any expense or losses incurred in connection with any cancellation of Interests issued to him.. Altegris QIM Futures Fund, L.P. exhibit a - 3

Capital Contributions and Interests of Limited Partnership Interest. The General Partner may purchase General Partnership Interests or Limited Partnership Interests (Interests) and may redeem any such General Partnership Interest as of any month-month end on the same terms as any Limited Partner. ALTEGRIS QIM FUTURES FUND, L.P. Exhibit A - 2 Interests in the Partnership shall be Limited Partnership Interests (Interests or, individually, an Interest). An Interest shall represent a percentage of the Partnership’s Net Assets. No certificates will be issued. The General Partner and the initial Limited Partner have each contributed $1,000 in cash to the capital of the Partnership in order to form the Partnership. Upon the admission of additional Limited Partners, the initial Limited Partner may withdraw from the Partnership as the initial Limited Partner. The Partnership may, in accordance with its latest Offering Memorandum (Memorandum), issue and sell Interests to other persons (including the General wxxxxx futures fund, l.p. (us) EXHIBIT A-2 Partner and its affiliates). As set forth in Paragraph 12 of this Agreement, following termination of the initial offering of the Interests, additional Interests may be sold. If the Partnership does not obtain during the initial period of the offering of the Interests (Initial Offering Period) as described in the Partnership’s Offering Memorandum (the Memorandum) subscriptions for at least $1 million5 million , this Agreement may terminate, and the initial contribution of the General Partner and the initial Limited Partner will be returned to them. The Partnership shall not commence trading operations unless and until the General Partner has accepted subscriptions (which may include Interests subscribed for by the General Partner or any affiliate of the General Partner, any Selling Agent, Advisor advisor or affiliate) for at least $1 5 million, not including the Interest initially purchased by the initial Limited Partner. The General Partner may terminate the offering of Interests at any time. The aggregate of all capital contributions shall be available to the Partnership to carry on its business and no interest shall be paid by the Partnership to subscribers on any funds after their contribution to the Partnership. All Interests are subscribed for upon receipt of a check, draft or wire transfer of the subscriber and are issued subject to the collection of the funds represented by the check, draft or wire transfer. If a check or draft of a subscriber for Interests representing payment for Interests is returned unpaid, the Partnership shall cancel the Interests issued to that subscriber represented by the returned check or draft and the General Partner shall file an amendment to the Partnership’s Certificate of Limited Partnership reflecting the cancellation in any jurisdiction where the filing may be necessary. Any losses or profits sustained by the Partnership in connection with the Partnership’s commodity trading allocable to any canceled Interests shall be deemed an increase or decrease in Net Asset Value and allocated among the remaining Partners as described in Paragraph 7. Each subscriber agrees to reimburse the Partnership for any expense or losses incurred in connection with any cancellation of Interests issued to him.

Capital Contributions and Interests of Limited Partnership Interest. The General Partner may purchase General Partnership Interests or Limited Partnership Interests (Interests) and may redeem any such General Partnership Interest as of any month-month end on the same terms as any Limited Partner. APM - QIM Futures Fund, L.P. EXHIBIT A - 2 Interests in the Partnership shall be Limited Partnership Interests (Interests or, individually, an Interest). An Interest shall represent a percentage of the Partnership’s Net Assets. No certificates will be issued. The General Partner and the initial Limited Partner have each contributed $1,000 in cash to the capital of the Partnership in order to form the Partnership. Upon the admission of additional Limited Partners, the initial Limited Partner may withdraw from the Partnership as the initial Limited Partner. The Partnership may, in accordance with its latest Offering Memorandum (Memorandum), issue and sell Interests to other persons (including the General wxxxxx futures fund, l.p. (us) EXHIBIT A-2 Partner and its affiliates). As set forth in Paragraph 12 of this Agreement, following termination of the initial offering of the Interests, additional Interests may be sold. If the Partnership does not obtain during the initial period of the offering of the Interests (Initial Offering Period) as described in the Partnership’s Offering Memorandum (the Memorandum) subscriptions for at least $1 million5 million , this Agreement may terminate, and the initial contribution of the General Partner and the initial Limited Partner will be returned to them. The Partnership shall not commence trading operations unless and until the General Partner has accepted subscriptions (which may include Interests subscribed for by the General Partner or any affiliate of the General Partner, any Selling Agent, Advisor advisor or affiliate) for at least $1 5 million, not including the Interest initially purchased by the initial Limited Partner. The General Partner may terminate the offering of Interests at any time. The aggregate of all capital contributions shall be available to the Partnership to carry on its business and no interest shall be paid by the Partnership to subscribers on any funds after their contribution to the Partnership. All Interests are subscribed for upon receipt of a check, draft or wire transfer of the subscriber and are issued subject to the collection of the funds represented by the check, draft or wire transfer. If a check or draft of a subscriber for Interests representing payment for Interests is returned unpaid, the Partnership shall cancel the Interests issued to that subscriber represented by the returned check or draft and the General Partner shall file an amendment to the Partnership’s Certificate of Limited Partnership reflecting the cancellation in any jurisdiction where the filing may be necessary. Any losses or profits sustained by the Partnership in connection with the Partnership’s commodity trading allocable to any canceled Interests shall be deemed an increase or decrease in Net Asset Value and allocated among the remaining Partners as described in Paragraph 7. Each subscriber agrees to reimburse the Partnership for any expense or losses incurred in connection with any cancellation of Interests issued to him.