EFTA Document EFTA01451893

SOF III - 1081 Southern Financial LLC deduction (subject to the limitations generally applicable to deductions) for their share of such foreign taxes in computing their U.S. federal income taxes. Tax Credit Limitations. Each Investor's share of any foreign income or withholding tax imposed on the income and gains of the Onshore Feeder Fund generally will be treated as a foreign income tax that the Investor may elect to deduct in computing its U.S. federal income tax liability or, subject t