Invitational Opportunity

Fund LLC

Fund Investment Objectives

The Company was organized to pool investment funds, and to allocate them among a number of Managers selected in each case by the Managing Member. Each of these Managers is expected to have a disciplined policy for risk management and internal controls, and may employ investment strategies involving the purchase and sale of stocks, bonds and other debt securities, convertible securities, limited partnership interests, limited liability company interests, mutual fund shares, options, warrants, commodities, futures, derivatives (including swaps, forward contracts and structured instruments), currencies, monetary instruments and cash and cash equivalents. Fund fees are paid via a rebate from the underlying funds.