EFTA Document EFTA01451918

SOF III - 1081 Southern Financial LLC distributions to which the Onshore Feeder Fund would otherwise be entitled in an escrow account or causing the withdrawal of the Onshore Feeder Fund from the Master Fund. Tax Risks of the Onshore Feeder Fund Reporting and Disclosure of Certain Tax Information. For U.S. federal income tax purposes, the Limited Partners will be treated as partners investing in a partnership, the Onshore Feeder Fund. Because the Onshore Feeder Fund's ability to report to