The past performance of the General Partner, or any of its affiliates, is no guarantee of future results. The Fund's performance can be volatile. The Fund Agreement does not contain provisions for a guaranteed return of investors' capital contributions. There can be no assurances that the Fund will achieve the rates of return illustrated at any point in this Memorandum or suggested by the General Partners’ historical investing experience. The General Partner does not intend to make distributions to the Limited Partners, but intends instead to re invest substantially all Fund income and gain, if any, that might otherwise be available for distribution. As a result, if the Fund is profitable, Limited Partners in all likelihood will be credited with Fund net income, and will incur the consequent income tax liability (to the extent they are subject to income tax), even though Limited Partners will receive little or no Fund distributions.