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<br />SctMIdule F of Applicant: SEe PillJ Numbor: <br />Form ADV <br />Continuation Sheet for Form ADV Part II atterson Capital Management LP 801.46437 <br /> <br />(Do llOl\lle thia Schedqlc II . GOD1inuatioa IIbllCll for POI1II ADV Pm t GI' au)' Cltbcr 1CboduIea.) <br /> <br />1. FuU name of ..,plicaot oxa~ aaldatod ill Item lA of Part 1 43fForm AnV: <br />atIlII'8on CaplI8I MilnagMlent LP <br />1tma ofF_ <br />(idoadify) <br /> <br />Item 12 <br /> <br />Date: <br />12130104 <br /> <br />IRS Eulpl. tcloat. No.: <br /> <br />ADIwer <br /> <br /> <br />aUerson provides both discretionary and non-discretionary management services <br />its clients. Where inves tment discretion has been granted, Patterson manages <br />e clienfs portfolio and makes investment decisions without consultation with the <br />ient that would involve determinations regarding which securities are bought and <br />old, the broker/dealer with whom orders for the purchase or sale of securities are <br />lacecl for execution and the price per share and the commission rates or mark-up <br />n the securities transac60ns. In some instances. Patterson's discretionary authority <br />n making these detenninations may be limited by conditions Imposed by clients in <br />heir investment guidelines, cash flow needs, or objectives or instructions otherwise <br />rovided to Patterson. <br /> <br />n non-discretionary relationships, Patterson customarily makes investment <br />mmendations to the client relating to which securities should be bought or sold <br />nd the total amount of such purchases and sales. <br /> <br />nder Texas law, Patterson may not place a trade for certain Texas government <br />lents with a broker/dealer. unless Patterson has received a certification from the <br />raker/dealer that it has received and agrees to comply with that clienfs specific <br />nvestment policy. Prior to placing a trade for these client accounts. PaUef'80n <br />btains at least three bids from different broker/dealers who have provided the <br />quisite certification and generally will place the trade with the broker/dealer that <br />as provided the most competitive bid. If a client does not require that Patterson <br />xecute trades through broker/dealers who have certified that they will comply with <br />e clienfs stated investment policy t Patterson will only seek bids from a broker! <br />ealer that has provided Patterson with the following documents: the broker/dealers <br />tate registration, a completed questionnaire, NASD registration and annual financial <br />ements. <br /> <br />Umes, Patterson may place agency trades on behalf of its clients. In executing <br />gency trades, it is Patterson's policy, consistent with investment considerations, to <br />eek the most favorabte price and execution for such orders. Most favol8ble <br />xecution is a combination of rates and prompt. reliable execution. When selecting <br />brokerage firm, Patterson considers the firm's execution capabilities, financial <br />bUity, ability to maintain confidentiality andabllity to obtain best price and <br />ecution. <br /> <br />C_plc" ....ad'" Plea IJI faD, elme amclljetllte_ ad .... 1rith exccadoa pale (palc 1). <br />