EFTA01452246.pdf

SOF III - 1081 Southern Financial LLC Annex A to Investor Questionnaire "Investments" do not include other assets which do not reflect experience in the financial markets, such as jewelry. artwork, antiques and other collectibles. For purposes of determining the amount of "investments" owned by a company, "investments" of a parent company and its majority-owned subsidiaries may be aggregated to meet the minimum "investment" amount requirements, regardless of which company is the prospective Qualified Purchaser. For purposes of determining the amount of "investments" owned by a natural person, there may be included any "investment" held jointly or as community property with such person's spouse. In determining whether spouses who arc making a joint investment in the Onshore Feeder Fund are Qualified Purchasers, there may be included in the amount of each spouse's "investments" any "investments" owned by the other spouse (whether or not such "investments" are held jointly). In determining whether a natural person is a Qualified Purchaser, there may be included in the amount of such person's "investments" any "investments" held in an individual retirement account or similar account the investments of which are directed by and held for the benefit of such person. VALUATION OF INVESTMENTS In determining the value of "investments" in order to ascertain Qualified Purchaser status, the aggregate amount of "investments" owned and invested on a discretionary basis by such person can be either their fair market value on the most recent practicable date or the cost of such "investments," provided that the same method must be used for all "investments." However, (1) In the case of "commodity interests," the amount of -investments" is the value of the initial margin or option premium deposited in connection with such "commodity interests" and (2) In each case, there must be deducted from the amount of such "investments" the following amounts: (a) the amount of any outstanding indebtedness incurred by the prospective Qualified Purchaser to acquire such "investments" and (b) in the case of a Family Company (as defined in Part II of the Investor Questionnaire for Entities), in addition to the amounts specified in paragraph (2) (a) above, any outstanding indebtedness incurred by an owner of the Family Company to acquire the Family Company's "investments." A-2 Confidential CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0109163 CONFIDENTIAL SDNY_GM_00255347 EFTA01452246