Connective

Fund Investment Objectives

The Partnership's investment objective is to seek positive absolute returns through a combination of long-term and short-term investments while mitigating the risk of permanent capital loss. The Partnership will focus its investments in publicly traded equities in the technology and communications sectors, which the General Partner believes will maximize returns given its knowledge of these industries. No assurance can be given, however, that the Partnership will achieve its objective, and investment results may vary substantially over time and from period to period. The Partnership seeks superior returns with low beta by exploiting inefficiencies in high-volatility sectors, such as technology. The General Partner selects investments via a bottom-up, fundamentally driven, research intensive approach, leveraging the management team's deep technology market experience, network of contacts, and successful stock selection experience. The General Partner invests in a portfolio selected from seven to ten market sectors, and derives the majority of its return from short positions (for example identifying excessive hype, emerging competitive paradigms, and unrealistic business models), and matching them with over-performing long positions in the same sector. The General Partner uses correlation-based hedging with a proprietary Sharpe ratio optimization system, to minimize the market and sub-sector risk. In summary, the Partnership seeks to provide its Limited Partners with superior and sustainable returns combined with effective risk management. Although the strategy and asset allocation utilized by the Partnership is primarily centered on publicly traded equities, the General Partner intends to follow a flexible approach in order to place the Partnership in the best position to capitalize on opportunities in the financial markets. Accordingly, the General Partner may employ other strategies and take advantage of opportunities in diverse asset classes if they meet the General Partner's standards of investment merit. Redemption Fee is 5% if assets are withdrawn within 1 year, unless fund is down 7% or more, in which case no redemption fee is charged. July 1, 2010 Connective Capital I LP merged with Connective Capital I QP, LP. Historical performance, beginning January 1, 2005, for Connective Capital I LP is available upon request.