From: Richard Kahn

From: Richard Kahn To: "Jeffrey E." <[email protected]> Subject: Fwd: Honeycomb Partners LP: January 2017 Performance Estimate Date: Wed, 01 Feb 2017 21:40:03 +0000 Attachments: Honeycomb_Month_End_Flash_Estimate_20170131.pdf that was some month... Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cel Begin forwarded message: From: Subject: Honeycomb Partners LP: January 2017 Performance Estimate Date: February 1, 2017 at 4:32:17 PM EST To: Dear Investor, At the request of Honeycomb Master Fund LP enclosed please find the monthly performance estimate for January 2017. Month-End as of January 31 2017: Class A: o Gross Return: o Net Return: Class B1: 10.1% 8.1% o Gross Return: 10.1% o Net Return: 8.6% Please contact or with any questions. Thank you. EFTA01055563 At the instruction of Fund's Manager, Morgan Stanley Fund Services (MSFS), as fund administrator, is delivering this message to you by email. The information in the attached report is provided to you by the Manager. This information is subject to change as actual performance for the relevant period is finalized. MSFS has not verified or approved the calculations contained on the attached reports, disclaims any responsibility for the information presented. Soon after month-end, MSFS will reconcile the assets and liabilities with the Fund's custodians and Manager, and send investors and their delegates a report that reflects the unaudited, month-end performance and capital account balance, after such reconciliation. The information attached is for informational purposes only. The information contained in this message is privileged and confidential to the Fund, Manager and the intended recipient, and protected from disclosure. Any unauthorized use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. If you have received this communication in error, please notify us immediately by replying to the message and deleting it from your computer. This message is not an offer (or solicitation of an offer) to buy/sell the securities/instruments mentioned. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. Morgan Stanley Fund Services is acting solely in the capacity of the Fund's administrator and not as broker, custodian, advisor or fiduciary and does not independently review the Manager's communications with the Fund's investors. EFTA01055564