The General Partner shall be responsible for all expenses relating to its own operations (“Partnership Expenses”), excluding fees, costs and expenses directly related to the purchase and sale of securities, but including expenses of custodians, counsel and accountants, any insurance, indemnity or litigation expenses, all costs of the Partnership’s administration, including preparation of its financial statements and reports to Limited Partners, costs of holding any meetings of Partners, and any taxes, fees or other governmental charges levied against the Partnership. In addition, the General Partner shall be responsible for all fees and expenses due any legal, financial, accounting, consulting, or other advisors or any lenders, investment banks and other financing sources in connection with transactions which are not consummated (“Broken-Deal Expenses”). At last, the General Partner shall be responsible for all of their day-to-day operating expenses, including office overhead and compensation of employees.