2. Which of the following statements is false? a. Participation rights refer to the right to participate in upside of company b. When GPs are expected to receive carry before all committed capital is returned, a clawback provision can alleviate problems if the funds performance weakens later c. LPs include covenants in the partnership agreement such as limiting investing in other asset classes, limiting debt use and size of single investments in VCs portfolio d. LPs may limit investments made personally by GPs in the fund e. Multiple liquidation preference provides less payoff to VC than liquidation preference