HUBUS133 Alpha Group Capital (a) Each Limited Partner hereby authorizes the General Partner, on behalf of such Limited Partner, to select one or more persons, who shall not be affiliated with the General Partner, to serve on a committee, the purpose of which shall be to consider and, on behalf of the Limited Partners, approve or disapprove, to the extent required by applicable law, principal transactions and certain other related party transactions. In no event shall any such transaction be entered into unless it complies with applicable law. The foregoing committee shall not be organized for the Partnership until such time as the Partnership may invest its assets other than in the Master Fund and the Old Domestic Fund. (b) Pursuant to this Section, a Limited Partners' representative (the "Limited Partners' Representative") has been retained for purposes of considering whether to grant, and granting or withholding, investor consent to certain transactions that may give rise to conflicts of interest (for example, the sale of a position by the Old Domestic Fund to the Master Fund). The Limited Partners' Representative acts in the same capacity for other clients of the Management Company. All Limited Partners, by purchasing Interests, consent to the Limited Partners' Representative having such authority. ARTICLE III Capital Accounts of Partners and Operation Thereof Sec. 3.01 Definitions. For the purposes of this Agreement, unless the context otherwise requires: (a) The term "Accounting Period" shall mean the following periods: Each Accounting Period shall commence immediately after the close of the next preceding Accounting Period. Each Accounting Period hereunder shall close at the close of business on the first to occur of (i) the last day of each fiscal month of the Partnership, (ii) the date immediately prior to the effective date of the admission of a new Partner pursuant to Sec. 4.01, (iii) the date immediately prior to the effectiv