EFTA Document EFTA01452056

SOF III -1081 Southern Financial LLC 3.6 Insolvency, Dissolution or Withdrawal of a Limited Partner 37 3.7 Advisory Committee 37 3.8 Regulatory Matters 40 ARTICLE IV INVESTMENTS 4.1 Portfolio Investments. 40 4.2 Investment Restrictions 42 4.3 Plan Assets. 43 4.4 Temporary Investments. 43 4.5 Related Investment Funds 43 ARTICLE V COMMITMENTS; CAPITAL CONTRIBUTIONS 5.1 Capital Contributions 49 5.2 Commitments 50 5.3 Loans 50 5.4 Loan Advances 50 5.5 Repayment of Unused Loans 53 5.6 Partners Excused from Advancing Loans 53 5.7 Defaulting Partners. 56 5.8 Suspension and Early Termination of Investment Period 58 ARTICLE VI PARTNER ACCOUNTS; DISTRIBUTIONS; ALLOCATIONS; WITHHOLDING 6.1 Partner Accounts 60 6.2 Distributions Attributable to Portfolio Investments 60 6.3 Tax Distributions. 62 6.4 General Distribution Provisions 62 6.5 Distributions in Kind 63 6.6 Negative Partner Accounts. 63 6.7 No Withdrawal of Capital or Repayment of Loans. 63 6.8 U.S. Tax Matters 64 6.9 Withholding. 66 6.10 Structuring of Investments 68 6.11 EU Savings Directive 70 iii 50496904v01 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0108938 CONFIDENTIAL SDNY GM_00255122 EFTA01452056