When the Fund’s Incubation Period §2.3 ends, Unicorn Capital Partners, LLC will begin charging the Limited Partner §1.7 an annualized 0.5% Management Fee on a monthly basis. Specifically, on the last day of the month or on a Withdrawal §4.4 or Redemption §4.3, 0.0417% is charged the AUM of the Limited Partner §4.8.

On the last day of the Fiscal Year (Sec. 1.5), or on a Withdrawal or Redemption, when the annualized Performance of the Limited Partner §6.13 exceeds the annualized Hurdle Rate §3.4 plus the High Water Mark §3.5, the Investment Manager receives an annualized 1.5% of AUM of the Limited Partner §6.11.