March 10, 2014

March 10, 2014 To the King Street Capital, L.P. Limited Partners: In 2013, a King Street Capital, L.P. "side pocket" investment generated South Carolina state source income. As a result, King Street Capital, L.P. is required to withhold South Carolina income tax at the rate of 5% on each non-resident partner's share of South Carolina source income unless an eligible partner elects to Opt-out of South Carolina withholding or elects to be included in a composite return that we can file on your behalf. Non-resident partners are provided two options related to tax return filings as well as withholding. Please choose the option for the tax treatment to be applied to your allocable portion of South Carolina source income: I. Non-resident individuals, trusts, or estate partners may elect to be included in a composite return that we would file on your behalf by completing and executing Form I- 338, Composite Return Affidavit, which is attached. Being included in a composite return should eliminate your need to file a return if you have no other South Carolina source income as your allocable South Carolina income taxes will be paid on your behalf with the composite filing. Any such payment will be treated as a distribution from your capital account. 2. A non-resident partner can opt-out of withholding by completing and executing Form I- 309, Nonresident Shareholder or Partners Affidavit and Agreement Income Tax Withholding, which is attached. An opt-out election would still require a partner to file an income tax return and pay income tax on its share of South Carolina income. If you choose to make either of the elections above, please e-mail the completed, signed and dated document to by March 28, 2014. Failure to respond by March 2feh will result in tax being withheld against your South Carolina state source income. If you or your tax advisors have an uestions re arding this matter, please contact Investor Relations at or at EFTA01195942