"Investor shall pay Adviser on a flat fee, per-transaction basis, at the rate of 2,000 dollars ("Advisory Fees"), in the case of the Initial Transaction."
"in the event that investor is entitled to, and does withdraw its investment principal from the Initial Transaction, then Adviser will issue a partial refund of the Advisory Fees in the amount of 2,000 dollars. The balance of the Advisory Fees is nonrefundable."
Does it mean the Advisory fee is 2,000 dollar or the partial refund is 2,000 dollars? Thank you in advance.