EFTA Document EFTA01384597

HUBUSI 33 Alpha Group Capital HUDSON BAY CAPITAL Fund Organization Summary of Terms Hudson Bay Fund LP Hudson Bay International Fund Ltd Inception Date January 1, 2006 June 1, 2006 Domicile Delaware Cayman Islands Initial Minimum Investment $5,000,000 $5,000,000 DB minimum investment: $250,000 DB minimum investment: $250,000 Additional Minimum $500,000 $500,000 Investment DB minimum addl. investment: $50,000 DB minimum addl. investment: $50,000 Management Fee 2% per annum (payable quarterly) 2% per annum (payable quarterly) Performance Fee 20%, payable annually subject to modified high watermark 20%, payable annually subject to modified high watermark Liquidity 25% per quarter, with 65 days notice 25% per quarter, 65 with days notice Auditor PricewaterhouseCoopers PricewaterhouseCoopers Legal Counsel Schulte Roth & Zabel (US Counsel) Walkers (Cayman Counsel) dij Administrator International Fund Services (NA) LLC International Fund Services (NA) LLC !li Prime Brokers Bank of America/Merrill Lynch, Citigroup, Deutsche Bank, TD Securities, UBS, National Financial Services, Morgan Stanley Bank of America/Merrill Lynch, Citigroup, Deutsche Bank, TD Securities, UBS, National Financial Services, Morgan Stanley CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00231103 DB-SDNY-0084919 EFTA01384597