I Need Advice On A EDC For My Brother

I'd consider a Mini-Grip customized via Benchmade's website. It would fall nicely within your budget.
 
Benchmade full size or mini Ritter Griptilian from Knifeworks
Benchmade Large Summit Lake (or any of the Benchmade Hunt series, really)
H&K Axis 14715
Benchmade 551-1 or 550-1 off the Exchange here (can be had for $150ish)
Spyderco PM2

...just some off the top of my head. $150ish is a sweet spot for some nice prodution folders
 
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