EFTA Document EFTA01359097

approved by Mr. Feinberg) shall not be expenses for this purpose and forfeitures of any such bonuses shall not be income of the Firm or management fees for this purpose. All computations of Excess Management Fees shall be made based upon amounts determined in the financial accounting records of the Firm and the applicable Fund Managers. Except as otherwise determined by the Managing Member, all items of expense for the purpose of determining Excess Management Fees shall be determined using