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INVESTMENT IN ATLANTIC VENTURE PARTNERS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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INVESTMENT IN ATLANTIC VENTURE PARTNERS

The following resolution was adopted with Mr. John Battle abstaining from voting and from participating in the discussion:

WHEREAS, the Finance Committee of the Board of Visitors of the University of Virginia has considered and approved as part of its endowment program, the concept of venture capital as an alternative investment; and

WHEREAS, the Finance Committee has reviewed and considered the proposed investment as a limited partner in Atlantic Venture Partners;

NOW THEREFORE BE IT RESOLVED by The Rector and Visitors of the University of Virginia that the Vice President for Business and Finance be and he is hereby authorized to execute all documents in subscribing to five interests at $150,000 per interest in Atlantic Venture Partners providing the general partners can provide assurances satisfactory to the University's Legal Adviser that unrelated business income will not be attributed to the University.