Blockchange Management LLC

Item 7 – Types of Clients

Blockchange provides investment advice and management to private investment vehicles,
including the Funds and the SPVs. The Firm intends to provide the same or similar services
to other Funds and SPVs in the future.
Blockchange intends to restrict the number of Investors in the Funds and SPVs and will offer
interests (“Interests”) only through non-public transactions in order to maintain their
exclusion from “investment company” status under the Investment Company Act of 1940, as
amended (the “Investment Company Act”).
Prospective Investors in the Clients must meet eligibility criteria and generally cannot
withdraw or redeem their Interests except as otherwise expressly permitted by the
Governing Documents of certain SPVs. Prospective Investors are encouraged to thoroughly
review a Client’s Governing Documents, which set forth all of the terms in detail. Though the
Funds generally pursue the same strategy, offering terms may differ.
Each Investor generally must be an “accredited investor” (as defined in Regulation D under
the Securities Act of 1933), an Investor who is eligible to enter into a performance fee
arrangement under state and/or federal law, as applicable, and must meet other criteria as
specified in the Governing Documents. Depending on the Client, Investors may be subject to
the additional requirement of being a “Qualified Purchaser” as defined in Section 2(a)(51) of
the U.S. Investment Company Act of 1940, as amended). The minimum capital commitment
amount varies by Client but is generally not less than $200,000, subject to waiver at the
discretion of the Client’s General Partner or Managing Member.