ibis fund / terms

NEW/ADDITIONAL SUBSCRIPTIONS:
Accepted on the 1st business day each month.

MANAGEMENT FEE:
2% per annum

MINIMUM INVESTMENT:
$250,000

PERFORMANCE FEE:
20% Net Capital Appreciation

SECURITIES TRADED:
Listed equities only -- no derivatives, commodities or bulletin board equities

HIGH-WATER MARK:
Highest value an account has reached on any billing date. Profitable Net Asset Value

LOCK—UP/REDEMPTION FEES:
30 day written notice / No redemption fees

EXPENSES:
General Partner bears responsibility of legal fees, filing costs, organizational and constitutional drafting fees, etc. Ongoing expenses borne by the Partnership.

REDEMPTION FREQUENCY:
Monthly