For a Next Main Trade §5.9, any Additions and Subscriptions §6.1 on deposit in the Escrow Account §2.3 are transferred and credited to new Annualized Capital Account(s) §6.5 making them part of the Assets under Management §6.6. The Trade Participation of a Limited Partner §1.7 for a Next Main Trade §5.9 is the AUM of the Limited Partner §6.11 divided by the AUM of the Fund §6.13 at the time the trade is initiated. The AUM of the Limited Partner is the summation of the balances at the time of the trade in their Yearly Capital Account §6.4 and their Annualized Capital Account(s) §6.5. Therefore, the Trade Participation percentage for each of the Capital accounts is the balance of the Capital Accounts at the time of the trade divided by the AUM of the Fund.

The Trade Participation of a Limited Partner for a a Synthetic Straddle §5.7 and a Synthetic Extra Trade §5.8 is dependant on participation in a specific Main Trade §5.6. The Trade Participation of the Limited Partner for a Synthetic Straddle and a Synthetic Extra Trade is the AUM of the Limited Partner divided by the AUM of the Fund §6.8 at the time the trade is initiated. The distinction arises because a Next Main Trade employs all available capital including the Escrow Account §2.2 and a Synthetic Straddle and Synthetic Extra Trade only employ the capital already under management. The Trade Participation percentage for each of the Capital accounts for a a Synthetic Straddle and a Synthetic Extra Trade is the balance of the Capital Accounts at the time of the trade divided by the AUM of the Fund.