EFTA Document EFTA01451521

SOF III - 1081 Southern Financial LLC l.704-1(bX2Xiv). Generally, tax allocations will follow book allocations. If the allocations made pursuant to the Onshore Feeder LP Agreement and other applicable agreements were successfully challenged by the IRS, the redetermination of the allocations to a particular Investor for U.S. federal income tax purposes could be less favorable than the allocations set forth in the applicable agreements. Adjusted Tax Basis for Investor Interest. For U.S. fe