TABLE OF CONTENTS
Executive Summary
	Section
GENERAL PROVISIONS
Overview ....................................................................................................................................................................................	1.0
Name .........................................................................................................................................................................................	1.1
General Partner, Investment Manager .......................................................................................................................................	1.2
Principal Office Address .............................................................................................................................................................	1.3
Contact Info ................................................................................................................................................................................	1.4
Fiscal Year .................................................................................................................................................................................	1.5
Purpose of Fund ........................................................................................................................................................................	1.6
Limited Partner ...........................................................................................................................................................................	1.7
Tax Treatment of Limited Partners ............................................................................................................................................	1.8
Optimizing Return on Investment ...............................................................................................................................................	1.9
THE FUND
Overview ....................................................................................................................................................................................	2.0
SEC Rule 506(c) ........................................................................................................................................................................	2.1
Incubation Period .......................................................................................................................................................................	2.2
Escrow Account ..........................................................................................................................................................................	2.3
Schedule of Capital Contributions ..............................................................................................................................................	2.4
Ownership Percentages .............................................................................................................................................................	2.5
Advertise and Solicit ...................................................................................................................................................................	2.6
INVESTMENT MANAGER
Overview ....................................................................................................................................................................................	3.0
Investment Manager ..................................................................................................................................................................	3.1
Authority over the Fund ..............................................................................................................................................................	3.2
Fees ...........................................................................................................................................................................................	3.3
Hurdle Rate ................................................................................................................................................................................	3.4
High Water Mark ........................................................................................................................................................................	3.5
Management Fees .....................................................................................................................................................................	3.6
Performance Fees .....................................................................................................................................................................	3.7
Indemnification of Investment Manager .....................................................................................................................................	3.8
Expenses ...................................................................................................................................................................................	3.9
LIMITED PARTNER
Overview ....................................................................................................................................................................................	4.0
Accredited Investor ....................................................................................................................................................................	4.1
Subscription ...............................................................................................................................................................................	4.2
Redemptions .............................................................................................................................................................................	4.3
Additions and Withdrawals ........................................................................................................................................................	4.4
Privacy Policy ............................................................................................................................................................................	4.5
TRADING
Overview ....................................................................................................................................................................................	5.0
Methodology ..............................................................................................................................................................................	5.1
Instruments ................................................................................................................................................................................	5.2
Positions .....................................................................................................................................................................................	5.3
Risk Management ......................................................................................................................................................................	5.4
Money Management ..................................................................................................................................................................	5.5
Main Trade ................................................................................................................................................................................	5.6
Synthetic Straddle ......................................................................................................................................................................	5.7
Synthetic Extra Trade .................................................................................................................................................................	5.8
Next Main Trade ........................................................................................................................................................................	5.9
Trade Participation .....................................................................................................................................................................	5.10
Trade Participation .....................................................................................................................................................................	5.10
Withdrawals and Redemptions ...................................................................................................................................................	5.11
ACCOUNTING
Overview ....................................................................................................................................................................................	6.0
Additions and Subscriptions .......................................................................................................................................................	6.1
Withdrawals and Redemptions ...................................................................................................................................................	6.2
Capital Accounts ........................................................................................................................................................................	6.3
Yearly Capital Account ...............................................................................................................................................................	6.4
Annualized Capital Account ........................................................................................................................................................	6.5
Assets under Management ........................................................................................................................................................	6.6
Net Asset Value ..........................................................................................................................................................................	6.7
AUM of the Fund ........................................................................................................................................................................	6.8
NAV of the Fund .........................................................................................................................................................................	6.9
Performance of the Fund ...........................................................................................................................................................	6.10
AUM of the Limited Partner ........................................................................................................................................................	6.11
NAV of the Limited Partner .........................................................................................................................................................	6.12
Performance of the Limited Partner ...........................................................................................................................................	6.13
TAXES
Overview ....................................................................................................................................................................................	7.0
Ordinary Income ........................................................................................................................................................................	7.1
IRS K-1 Form .............................................................................................................................................................................	7.2
Carried Interest ..........................................................................................................................................................................	7.3
Limited Partner ...........................................................................................................................................................................	7.4
General Partner .........................................................................................................................................................................	7.5
Non-profit ...................................................................................................................................................................................	7.6
Foreign Investor .........................................................................................................................................................................	7.7