HUBUS133 Alpha Group Capital not exclusive, to such PM Tranche, such as investment- related expenses. Notwithstanding the foregoing, certain expenses that only relate to particular Limited Partner(s) may be paid by the Partnership generally i.e. foreign tax reporting requirements) and may not be specifically allocated. LEVERAGE: WITHDRAWALS: DOC m- 10746057.132 Leverage is used by the Underlying Funds. While leverage presents opportunities for increasing the total return on investments, it has the effect of potentially increasing losses as well. Accordingly, any event which adversely affects the value of an investment could be magnified to the extent leverage is utilized and may result in a substantial loss to the Partnership. (See "Certain Risk Factors.") Generally, upon at least 65 days' prior written notice to the General Partner, a Limited Partner may only withdraw up to 25%, 33'/3%, 50% and 100%, respectively, of its Withdrawal Date Value (as defined below) as of any four successive calendar quarter-ends (such 25%, 33'A%, 50% and 100% amounts, the "Applicable Percentage" for a particular Withdrawal Date (as defined below)). Withdrawal requests from Limited Partners will be met by redeeming and withdrawing assets from the Master Fund and the HB Fund, respectively, pm rata based upon the relative net asset values of the Partnership's interests in the Master Fund and the HB Fund as of the applicable Withdrawal Date. Each date as of which a Limited Partner may withdraw all or any portion of its Capital Account is herein referred to as a "Withdrawal Date." The term "Withdrawal Date Value" refers to the aggregate net asset value as of a Withdrawal Date of the relevant Limited Partner's interests in the Funds, plus, if relevant, the net asset value of the interests in the Funds of such Limited Partner's other Related Investors (as defined below), after any Incentive Allocation and deduction of any unpaid Management Fee or other fees,