Limited Partner §1.7 Withdrawals §4.4
and Redemptions §4.3 are transferred from the Unicorn Macro Fund, LP account to the Limited Partner.
For bookkeeping purposes Withdrawals and Redemptions are debited from a separate Annualized Capital Account §6.5
of the Fund as well as of the Limited Partner. Withdrawals and Redemptions are assumed to be made on the last day of the month.
Withdrawals and Redemptions reduce the beginning balance of the Yearly Capital Account of the Fund and also of the Limited Partner, if one exists. If the Limited Partner does
not have a Yearly Capital Account, the reduction will be made to the beginning balance of the earliest Annualized Capital Account. The beginning balance is the first day of the
month of the Yearly Account, if one exists or the first day of the month of the earliest annualized capital account. To determine the beginning balance is a two step process.
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At the time of withdrawal, the withdrawal is divided by the ending balance of the Yearly Account or of the earliest Annualized Capital Account resulting in a ratio;
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The ratio is multiplied by the beginning balance of the Yearly Account or of the earliest Annualized Capital Account to determine the new beginning balance of the new Annualized Capital Account.
The new beginning balance is subtracted from either the beginning balance of the Yearly Account or the earliest Annualized Capital Account.