EFTA01451727

SOF III - 1081 Southern Financial LLC TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS; RULES OF CONSTRUCTION Section 1.01. Definitions 1 ARTICLE 2 GENERAL PROVISIONS Section 2.01. Name 10 Section 2.02. Term 10 Section 2.03. Registered Agent and Office 10 Section 2.04. Admission of Limited Partners 10 Section 2.05. Security Interest 12 ARTICLE 3 PURPOSES AND POWERS Section 3.01. Purposes 12 Section 3.02. Powers 13 Section 3.03. Tax Treatment 13 Section 3.04. Parallel Investment Entities 13 ARTICLE 4 LIMITED PARTNERS Section 4.01. General 14 Section 4.02. Limited Rights 14 Section 4.03. Nature of a Limited Partner's Interest 14 Section 4.04. No Other Persons Deemed Limited Partners 14 Section 4.05. Partition; No Priority 14 Section 4.06. No Withdrawal; Compulsory Transfer of Interest 14 ARTICLE 5 CAPITAL CONTRIBUTIONS BY LIMITED PARTNERS Section 5.01. Capital Contributions 15 Section 5.02. Drawdowns 15 Section 5.03. Default by Limited Partners 16 Section 5.04. Negative Balances; Withdrawal of Capital; Interest 18 Section 5.05. Assignment of Capital Contributions 19 Section 5.06. Liability of Limited Partners 19 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0108505 CONFIDENTIAL SONY GM_00254689 EFTA01451727