The Stornoway Recovery Fund LP is an Ontario limited partnership. The Fund is managed by Stornoway Portfolio Management Inc. and its principal offices are in Toronto, Canada.

Minimum investment:	$1,000,000 (permitted investors only)
Management Fee:	2%
Manager's Profit Participation:	20%
High Water Mark:	Yes, Perpetual
Hurdle Rate:	Yes, 6% Preferred Return
Lock-up Period:	One Year
Redemption Terms:	Monthly with 60 days notice