EFTA Document EFTA01451509

SOF III - 1081 Southern Financial LLC Distributions (7o-Investment Borrowing default will not in any way mitigate the consequences to such Limited Partner of its default. See "Default by Limited Partners." The Investment Manager will determine, in its sole discretion, the timing and amounts of any distributions ("Distributions") to the Limited Partners by the Onshore Feeder Fund. Distributions will be made among the Limited Partners in proportion to their respective Capital Commitments