Common use of Purpose of Fund Clause in Contracts

Purpose of Fund. Subject to the terms and conditions of this Agreement, including the Agreement Terms set forth in Exhibit B and the modifications and exceptions set forth in Exhibit C, the Fund has been created as a venture capital fund and is pursuing a general venture capital strategy for the following purposes: (a) to invest in Portfolio Company Securities and to engage in any and all activities necessary, incidental, proper, advisable or convenient to the foregoing and (b) to engage in any and all other lawful activities and transactions as may be necessary, advisable, or desirable, as determined by the Organizer, in its sole discretion, to carry out the foregoing or any reasonably related activities.

Purpose of Fund. Subject to the terms and conditions of this Agreement, including the Agreement Terms set forth in Exhibit B and the modifications and exceptions set forth in Exhibit C, the Fund has been created as a venture capital fund and is pursuing a general venture capital strategy for the following purposes: (a) to invest in Portfolio Company Investment Securities and to engage in any and all activities necessary, incidental, proper, advisable or convenient to the foregoing and (b) to engage in any and all other lawful activities and transactions as may be necessary, advisable, or desirable, as determined by the Organizer, in its sole discretion, to carry out the foregoing or any reasonably related activities.