DIGITAL CURRENCY Examples

The investment objective of the Fund is to achieve capital appreciation and

maximize absolute returns by participating in Initial Coin Offerings ("ICOs") of
digital assets ("Digital Assets"). The Trading Advisor employs in-depth
research and due diligence in the ICO space to identify attractive investment
opportunities that utilize newly created Digital Assets to raise capital. The
Trading Advisor will perform fundamental research in an effort to determine
the fair value of each underlying Digital Asset and the most profitable exit
strategy for each offering. The descriptions set forth in this Memorandum of
specific strategies in which the Fund may engage or specific investments the
Fund may make should not be understood to limit in any way the Fund's
investment activities. The Fund may engage in any investment strategy and
make any investment, including any not described in this Memorandum, that
the Trading Advisor considers appropriate to pursue the Fund's investment
objective. The Fund's investment program is speculative and
entails substantial risks. There can be no assurance that the
investment objectives of the Fund will be achieved.

Cryptocurrency Trading and Ico

The investment objective of the Fund is to achieve capital appreciation and

maximize absolute returns by Trading “cryptocurrency” Digital Currency and by
participating in Initial Coin Offerings (“ICOs”) of cryptocurrency digital assets
(“Digital Assets”) . The Investment Manager intends to employ research in the ICO
space to identify attractive investment opportunities that utilize newly created
Digital Assets to raise capital. Generally, the investment advisor intends to perform
fundamental research in an effort to determine the fair value of each underlying
Digital Asset and the most profitable exit strategy for each offering.

The Investment Advisor seeks to trade in and out of cryptocurrencies for the
purposes of achieving capital gains in the Partnership's portfolio using buy and sell
signals it has developed. The Investment Adviser intends to construct digital asset
portfolios using a set of rules that is proprietary to the Investment Advisor. It is the
goal of the Investment Advisor to execute cryptocurrency trades to exploit
momentum anomalies that academic research has indicated exist in asset classes
around the globe. Trade decisions will be based on proprietary and non-proprietary
momentum signals as well as fundamental research performed by the Investment
Advisor.

The Investment Advisor will use a combination of momentum models,

technical and fundamental indicators and portfolio construction rules to construct
the Partnership's portfolio. The strategies seek to reduce trading and to stay fully
invested in trends until the trends no longer show superior trend strength when
measured against cash or other cryptocurrencies.

The descriptions set forth in this Memorandum of specific strategies in which

the Fund may engage or specific investments the Fund may make should not be
understood to limit in any way the Fund’s investment activities. The Fund may
engage in any investment strategy and make any investment, including any not
described in this Memorandum, that the Investment Manager considers appropriate
to pursue the Fund’s investment objective. The Fund’s investment program is
speculative and entails substantial risks. There can be no assurance
that the investment objectives of the Fund will be achieved. The Partnership shall
have the power to do any and all acts necessary, appropriate, proper, advisable,
incidental or convenient to or for the furtherance of the purposes and business
described herein, and shall have, without limitation, any and all of the powers that
may be exercised on behalf of the Partnership by the General Partner.

Investment Objective ICO Strategy

The investment objective of the Fund is to achieve capital appreciation and

maximize absolute returns by participating in ICOs of Digital Assets The Investment
Manager employs in-depth research and due diligence in the ICO space to identify
attractive investment opportunities that utilize newly created Digital Assets to raise
capital. The investment manager will perform fundamental research in an effort to
determine the fair value of each underlying Digital Asset and the most profitable
exit strategy for each offering.

The core strategy of the partnership is to identify and invest in undiscovered

and undervalued cryptocurrencies before their value becomes fully apparent to the
broader marketplace. The General Partner believes many “small-cap”
cryptocurrencies may contain the best chances for capital gains and that certain
offerings in this category are likely to see significant price appreciation as their
features become more widely understood. During periods of normal operation of the
fund, capital will be substantially allocated to small-cap cryptocurrencies, typically
defined as being those cryptocurrencies with less than $250mm in total market
capitalization.

The Partnership will invest simultaneously in multiple different

cryptocurrencies in anticipation of price appreciation. After an initial proprietary
screening process designed to eliminate coin offerings believed by the General
Partner to be in violation of U.S. regulations, all remaining publicly listed
cryptocurrencies will be considered eligible investments for the Partnership
regardless of market capitalization or country of domicile.

The General Partner believes that successful cryptocurrencies will see

logarithmic price appreciation consistent with expected network S curve growth
cycles. The General Partner believes that even small investments in altcoins
showing exponential network growth could potentially provide the Partnership with
significant capital gains.

Consistent with the processes developed by the General Partner while

managing its own capital in altcoins, the General Partner allocates Partnership
capital between various qualifying cryptocurrencies and cash based on both
technical models and the opinions of its cryptocurrency research group and trader
network. The General Partner utilizes a “team of traders” approach to identify the
maximum number of investment opportunities and complements that investment
approach using quantitative investment processes designed to reduce risk and
increase diversification. The General Partner uses traders specialized in
cryptocurrency research and trading to achieve capital gains while using portfolio
risk management to reduce the severity of losses.

The General Partner uses a combination of fundamental analysis, momentum

models, technical indicators and portfolio construction rules to build the
Partnership’s portfolio. The General Partner executes cryptocurrency trades seeking
to exploit knowledge and technical trading gaps in this developing market.

The General Partner believes that using traders specialized in cryptocurrency

investments will achieve significant alpha. These traders are empowered to
research and identify cryptocurrencies with strong fundamentals, momentum, or
specific technical patterns that the General Partner believes indicate potentially
rising prices.

The General Partner seeks to trade in and out of cryptocurrencies for the
purposes of achieving capital gains in the Partnership's portfolio using buy and sell
signals it has developed. The General Partner intends to construct digital asset
portfolios using a set of rules that is proprietary to the General Partner. It is the goal
of the General Partner to execute cryptocurrency trades to exploit momentum
anomalies that academic research has indicated exist in asset classes around the
globe. Trade decisions will be based on proprietary and non-proprietary momentum
signals as well as fundamental research performed by the General Partner.

The investment objective of the Fund is to achieve capital appreciation

and maximize absolute returns by participating in Initial Coin Offerings
("ICOs") of digital assets ("Digital Assets") and investing in both small and
large capitalization coins and tokens. The Trading Advisor employs in-depth
research and due diligence in the cryptocurrency and ICO space to identify
attractive investment opportunities that utilize newly or recently created
Digital Assets to raise capital. The Trading Advisor will perform fundamental
research in an effort to determine the fair value of each underlying Digital
Asset and the most profitable exit strategy for each offering. The
descriptions set forth in this Memorandum of specific strategies in which the
Fund may engage or specific investments the Fund may make should not be
understood to limit in any way the Fund's investment activities. The Fund
may engage in any investment strategy and make any investment, including
any not described in this Memorandum, that the Trading Advisor considers
appropriate to pursue the Fund's investment objective. The Fund's
investment program is speculative and entails substantial risks. There can be
no assurance that the investment objectives of the Fund will be achieved.

Generally, the General Partner intends that no more than 80% of its
total assets be invested in cryptocurrency at any one time. Exposure will
include but will not be limited to Bitcoin, Ethereum, IOTA, Ripple and other
cryptocurrencies and digital assets. Like all other asset classes invested in by
the Fund, cryptocurrencies shall be evaluated individually using proprietary,
quantitative trend identification algorithms to determine whether or not
there exists a positive price trend in a given crypto currency. Beyond
technical analysis, qualitative analysis is used to establish the strength of the
team and future cash flows.

The General Partner intends to protect Fund assets as much as possible

from structural risks and cyber-theft risks associated with investing in
cryptocurrencies the following risk-reduction procedures will be
implemented: The targeted capital allocation will be spread between no
fewer than three distinct cryptocurrencies or digital assets. Accordingly, in
general, the General Partner intends that the the maximum amount of Fund
assets that could be invested in any one cryptocurrency at any given time
would cap out at ~26.64% of total Fund assets (or for most times less
depending on the number of total cryptocurrencies). Generally, the exposure
shall be further diversified by mandating the use of at least two United
States Based cryptocurrency exchanges so that the maximum amount of
Fund assets that may be held at any one cryptocurrency exchange at any
given time will be capped at 40% of total Fund assets. Although it is usually
less. This is because the cryptocurrencies and digital assets may be stored
offline on in an encrypted format if the assets are not available for storage
on an exchange or the manager believes it to be the more secure method. At
no point will more than 25% of total Fund assets be held on off-shore or
foreign exchanges. The Partnership shall have the power to do any and all
acts necessary, appropriate, proper, advisable, incidental or convenient to or
for the furtherance of the purposes and business described herein, and shall
have, without limitation, any and all of the powers that may be exercised on
behalf of the Partnership by the General Partner. The General Partner has
delegated authority over the Partnership's trading activity and management
of the Partnership's portfolio to its affiliated trading adviser.

The Trading Advisor seeks to trade in and out of cryptocurrencies for

the purposes of achieving capital gains in the Partnership's portfolio using
buy and sell signals it has developed. The Investment Adviser intends to
construct digital asset portfolios using a set of rules that is proprietary to the
Trading Advisor. It is the goal of the Trading Advisor to execute
cryptocurrency trades to exploit momentum anomalies that academic
research has indicated exist in asset classes around the globe. Trade
decisions will be based on proprietary and non-proprietary momentum
signals as well as fundamental research performed by the Trading Advisor.

The Trading Advisor will use a combination of momentum models,

technical and fundamental indicators and portfolio construction rules to
construct the Partnership's portfolio. The strategies seek to reduce trading
and to stay fully invested in trends until the trends no longer show superior
trend strength when measured against cash or other cryptocurrencies.