EFTA01384524

Evont Dnvord Merger Arbitrage HUBUS133 Alpha Group Capttal Hudson Bay Fund LP Hudson Bay International Fund Ltd. Fund Terms and Strueture Strategies Convortibkis Integrated Risk agemont Voratility Tralling CreLlit Structure Master-Feddet- Strueture Fee Structure 2% Management Feet 20% lneentive Fert High Watermark 'ics Minimum investment Ssnoomoo DB Private Wealth Minimum Investment S25O,000 Contrihutions Misahly Lock-Up None Redemption 25% per smuler, with 65 daYs notiee Administrator International Fund Services (SLA.) LIV Report Frequency Monihb Legal Counsel Roth tg. Zithel LLY Walkers Auditor Priemutterbouseennpers Contaet information Juliette trilL Partner, !kad ot Investor Relations and Ilusiness Development Phone: (646) 825-2171 Etnailt )tvittriEWeluulminbayeapitaletm i • • Mere dan ser lonh I ortrin *arna Mr da ~nafta of rnmehue ara pr.apr Il.q Mynne i in Hielann Fm Fond LP .mo Kaua Bey retonemaid Fono t.t0 Leone-1May. PM Tarmar). • d. an Citaneletrice em med mr:Matet temma nate fro Pm ham ~Mye alla rime) en laminat Mr hm beat sn eimact talme?, anenetn ot the spolashre Fora dtt,o re Matbit mora- ***mot run new *11345 ynde FiNP. tnQ.IrMer.S era mo ra rat Mamma rnarI nam arkadia orm end Irar; Men am tA dia Fundt inaminman Near ;arm *mos well nry !lan YM tc.ex,ocat !timor. of Ila Fund dm Ib a4 ItTing CA Ixt.Ain øyne., nandriman, nnd redemotorto realaran ir my riaarlad feta on tarmar* mimra • Ith Vinter mani- tind due to tes Meters olarbility to *arie narret from 'mo oren' salar tfle kansecra atetartylire to he eirared reces arS k'spe.s tren: ',MAS+ :Att* Fund» nnnentintittn Franord ram. ~erts me unt-ra:ed mol sutra waribror nithcot mer, ea am; Bruna Ici en *mette 54,...* incep,or, ex ut. mb-very 2015 Maren maleri 2017 tror Me anretta Ist Anneritork IrdtAnd rare Yl' 10%. rane< dim be unnolderal 20% rae Plett pedrnance IY ml ineocatim d tu!,po pefh,:rwer~ n shr.4.4d net De anymital Dyn r innett:Tir! jr a Fund me ra pect...tin or !hr onrertnerra of Morem Bay Fund LP r taraen Sraiinteriabonal Fura Ltd. u+=agdc Uten Fat perfOrrnandi Tra MP CM Stim ra a atabLeanomarairend *Mr clecomed to messa* Ca icerPsinansa ir Mo redd d4rtione nanfrair,/ !wen.: chaNjes »•J, ag,peps% narvet ah.-: nimker temeanniino vri radar welustmn Trit .S&P ftla Ina nr morrclitrl for rammairye parate. tyt runer in rammer ramm fictura tbin in rand deltog ting tera• ranyd cAnna.“1 dy, inefornymen utby, and rypny Tro C.ZP 560 it; unrdiµp9d *NO 4(.4( r'et tg=r4 acenautra aten ka rot tnt. y Ittigt19 TI! *malmer cortrananco of livannyn Bay Mina LP or landerr pay andinniAta FwH Ltd Me altyr arrandria %,`n* Ote MP BM hame It n nr cmfrie Minen Mara% in ba S1ij r.a Intim ileRI anad Vimitard Cdtmcone taPPIPM-; • o global, ec~.4 ,ghted uke< Ot tat 20"..a *frolermarraper Mr* Mat tema to i-FRI:mams ~Mord Ne.% reerot nYetttey net d ei fe« part". in ga Dirr MO Me ratanten 530 Mann •hlei nansonnan! er a !arve 021 Mc", Ork feCcri of arm pettornma. Ibtr HFRIMFP mers rat innrim Fra. ca !mørt Fim% Thetee.aAaeM.mhlr)Iet?'RFMoteAeaht on ta matar. inaleci Da Mo BFR Dataene at ta tene cl the pateren ce rir inirUt inn Capita, hianapenanni LP (Mang utfri ^Men, 'Maleri Bay•) tiaren no ferecasibrey ini itmt aroma* pacran morrant Arme receramied ity 04 eifFilFaln røy ream Ore !mat ei danna mate rRb HEMMA Mana fr a r' eir Mad ?Tad &Slind- Gin, Vilt and Invdfaln Bty (ht4i,Iren n myx,,siWity the %tarm ramt thit ',taut kano! gnelle to:eima dteCtIV n eirTOPM Tral MIMA in My Pramnance end Ami% TnA4 imiterte temla in me Furete. Bram %h haremaanal I.Mored Fund Ltd. Fitid$03 esy LILP Fm" L.FI fraar al Mimre d Caded anomal On1yt. Bu:~ Boy Cap Murre Matter Enhomml Fund LP, Hudson Oraid C.otixdote VM,» Fora LP (tamen learancta &Mina turane øra HB Masar* LIC rociudinp the mer ard 'romet ol Pludra My Mester Fund Ltd Man Varer IW)1, 9hatnac tlaa Parar, L L1: tearkninp tro emarahrta allting ni dm Mater (Arr!, oA aecily ~cd barrane: ir *anm ertra* and ironeimmnra inve&mnnes in artens Bay Marmatato Fund Let ;the cmsdroadate pene; eta Tern Crpf,,,y~ ae rc dyn Mi ,r-Syde any Inzrayl wcantyd. dy,aabitil bayere ø bly cl to Human any lt~et , ALIM Kna«, bm internemmi Fura Lea. If+-1t4µ monammenfe ramnen% in Mo Imennirre Fund Ml rim not inteude real is ocabed aorta elicartm of Me inteintratte Fonda merr atmenoldoi. /*UPI ol ~son Boy Fund LP Men not «Md. orer er rdund detniti9 Myrraen of !Støttann Prame TM ormar ol eit livorereecal intal ernelirred remmen% the erm to ertricb SI Of.9 irmatent t etr.• el Me inemetwer Fynda *Perm dane muld bom amf trotta Mad o the maxedelbe rate cl atoni ltd etwi. Urd ess Meiar. rate& Erle rep:AN styr July 31. 2016 and Hydra Boy °nittitalet fr/Wagon to vøre d4 Inkf nedan ~imf Mein Pur te /arr* 1. 2010. 140.110ii Bay Fira 1P pro Hytaan Bay °Mora Fora 1. id rat att-i teed a h» Fer•Whe VAKI‘h, kt, d Plauel 1. 2(710. (81 marin My Pond I•P ser HMIC4r Pay IntnnIPPOFP Pund Ltd brann Tertet Me Motter F nol ~ster hedre Sinflute. t *lisa. tine the enitneoro *n Bur« Bay Meisen Fura Le) Demma *anket rin Me Ramn Mad ritemaral Fund Ltd. ane RY Marin Bay °arma Fund Ltd ternatorna M I» >dafner Fund asa C.Cidiginete ittslam, Etry jeansmat Fund Ltd is tra madetamintroyetIM lemar* Bai OrrusertFura Lid 1.01tY u# Otnitmena firma r 041,+-t-n4t Eir 4>rairea Fura Ud rir 10 karat 1. 3/10 Me Men ~red aa ,h461.di Bar ratinelanal Fund Lt0 rj S arma smed ~p ittint/ secaPernerra tA aloer W' ~ere and 4nttfinied la awl manyabie ann:hel 4w%. Nør,* the: tan amter da Frande Force %dry 1, 2016. Fltidta. Bay Fynd LP nusted nar d rya an" In the ranet Fund, arr) 3 pram nat at ame% a fermt imetanentathrt n, tue ~opera drermenbaer. area intapproarato fr tastede area U 5, un-emir innror. ~e Jetg I. COM. ir dom ira Fora :P rangert ca tare tf.. ntad Fardl tir ae-d bKama a Wtitliy.f.AnneY tablidnliy Oi a trentitan red intrininnity, attaln ar:tred g% nytt 'Hudr: Say Fr, Ut.' St~ brie inli a the ladda prima Of MY iestradmi enhy benrene Inded partnerar int uty rformea fartnarthip crairraiv. afterences hemn Cd 'Hudton BM Fura LP' fr Ila ranen) før 10 dry 2016 reir ro da onety rnadramme& ntS Fund L.LC ' For Jay tb.-11.en &dy Fond 1.F leirets titt merny of ds ni/eti:late lavenere the Mede, Fond end di em tridur Il inn Fund aC. tc• Mei an ere ary 1 2013 prior trance *abs ka 11.,:bef, Bay Fund LP mars" pale ae-My I. X.113 Kaun Bay LP ~of mame, vals urline Bey ~leme eno ritar:mr te vriste Me inamnrion to ~eg er' istitulung ven.," ni teh,pir+enb, Thi» surmeny radd te »4 ria Myrar Yilt, dr! Czahaerti.lPicer Pir amer Ittniinriddik of tre Furde rid all note* niren In the emmi Mr the neerineeir r terre dinuand hers are inunaudem aith s mitt: b, Me anonamme •st ham ei a Craftental Nyre Piacerrent Menatmaturn alna Cadharatial Pruta Parerer Mernotaialum »hall cannot Tein a not.. "r I0 Ren 01 e *given 10, an Mr yr buy an iraner in Me Fund Any FA« Yal ti neide ory primat to to vedhare Ccahrenter FT/V0111 !MaX4 lalwo Ras lomma/en it contionnam avl my not be copod net toenarl, intiket90 apa/kcal or enumerer, Unt,' Orindern8y,, nilhOut tnt erme rer urten «flein cl Hudson Bay By «car% tereclocument yap inkidin1ddyn and valroe Mse "ex v.4 knm .tr: oaset ~nabo , utenat Mein *mb, ranbicer* Fy 9.me metatort.. inne nlynt11.111811,Y lettint.F.)1 rand, A.G. AI Cram, Mina a, Vima* Smatiarra Bass myrra spent lam thaniache Bank Ali. Snitt:blink 2'S. C143~2uncla.Biniziptiand Mr* ot melanimmat and unndrar. In resiarn d tro *Omn dl "boed In of lir, ~and ~rage cricareace dent idertlicton is bo reorsteroa ortny,2 ene 9-na lEA•sentag,:e 777 :binor, 30th ploor New York, NY 11,617 int2.5%.I244 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0084783 CONFIDENTIAL SDNY_GM_00230967 EFTA01384524