A San Diego California Subscription Agreement is a legal document used in investment transactions for a Section 3C1 Fund. A Section 3C1 Fund, also known as a hedge fund, is a privately pooled investment vehicle that is exempt from certain regulations under Section 3(c)(1) of the Investment Company Act of 1940. The purpose of a San Diego California Subscription Agreement for a Section 3C1 Fund is to outline the terms and conditions of an investor's subscription to the fund. It serves as a contract between the fund manager (General Partner) and the investor (Limited Partner). The agreement includes various sections that detail the obligations and rights of both parties. It typically covers the following key points: 1. Parties: The agreement identifies the fund manager (General Partner) and the investor (Limited Partner) by their legal names and addresses. 2. Subscription Details: It specifies the subscription amount, the number of partnership interests/shares being purchased, and the capital commitment made by the investor. 3. Capital Call: This section explains the procedure for capital calls, which allow the fund manager to request additional capital from the investor when needed for investment purposes. 4. Capital Contributions: It outlines the timing and manner in which the investor should make their capital contributions. 5. Fees and Expenses: The agreement specifies the management and performance fees charged by the fund manager, as well as any other expenses that may be passed through to the investor. 6. Representations and Warranties: This section includes statements made by the investor regarding their eligibility, financial capability, and understanding of the risks associated with the investment. 7. Transferability: It details the conditions and restrictions on transferring partnership interests/shares, including any rights of first refusal or consent requirements. 8. Confidentiality: This section outlines the expectations of keeping the fund's information confidential and the investor's responsibility to comply with applicable securities laws. 9. Termination: The agreement may set forth the events that can lead to the termination of the subscription, such as dissolution or withdrawal of the fund. 10. Governing Law and Jurisdiction: It specifies the jurisdiction and governing law under which any disputes arising from the agreement will be resolved. Possible variations of San Diego California Subscription Agreement — A Section 3C1 Fund may include different fund managers, investors, or terms specific to a particular fund. However, the overall structure and content remain relatively consistent across these agreements.