Common use of Contribution of the Initial Member Clause in Contracts

Contribution of the Initial Member. In connection with the Fund’s formation, the Fund will issue and sell 40 Units to the Investment Manager (the “Initial Member”) for an aggregate purchase price of $1,000. These Units will be issued and sold in reliance upon the available exemptions from the registration requirements of Section 4(a)(2) of the Securities Act. The Fund expects to cancel the Initial Member’s Units prior to the first date on which investors other than the Initial Member make their initial Capital Contributions to purchase Units.

Contribution of the Initial Member. In connection with the Fund’s formation, the Fund will issue issued and sell 40 sold 100 Units to the Investment Manager (the “Initial Member”) for an aggregate purchase price of $1,000. These Units will be were issued and sold in reliance upon the available exemptions from the registration requirements of the Section 4(a)(24(2) of the Securities Act. The Fund expects to cancel the Initial Member’s Units prior to the first date on which investors other than the Initial Member make their initial Capital Contributions to purchase Units.