Epstein Secrets

rson who becomes a successor to the Manager. "Master Fund" means Honeycomb Master Fund LP, an exempted limited partnership formed under the laws of the Cayman Islands. "Net Assets" means the excess of the Fund's assets over its liabilities. "Net Cash Flow" means, with respect to each Investment and any applicable

liated Limited Partners" means Limited Partners other than any Limited Partner that is an Affiliate of the General Partner or the Manager, excluding the Master Fund, which shall be deemed an Unaffiliated Limited Partner to the extent any consents, votes or authorizations are made by any independent advisory com

rson who becomes a successor to the Manager. "Master Fund" means Honeycomb Master Fund LP, an exempted limited partnership formed under the laws of the Cayman Islands. "Net Assets" means the excess of the Fund's assets over its liabilities. "Net Cash Flow" means, with respect to each Investment and any applicable

liated Limited Partners" means Limited Partners other than any Limited Partner that is an Affiliate of the General Partner or the Manager, excluding the Master Fund, which shall be deemed an Unaffiliated Limited Partner to the extent any consents, votes or authorizations are made by any independent advisory com

rson who becomes a successor to the Manager. "Master Fund" means Honeycomb Master Fund LP, an exempted limited partnership formed under the laws of the Cayman Islands. "Net Assets" means the excess of the Fund's assets over its liabilities. "Net Cash Flow" means, with respect to each Investment and any applicable

liated Limited Partners" means Limited Partners other than any Limited Partner that is an Affiliate of the General Partner or the Manager, excluding the Master Fund, which shall be deemed an Unaffiliated Limited Partner to the extent any consents, votes or authorizations are made by any independent advisory com

tions generally applicable to deductions) for their share of such foreign taxes in computing their tax liability in their home jurisdiction. Because the Cayman Islands is not a party to treaties that provide for the reduction of withholding taxes, any such taxes on the Offshore Feeder Fund may be imposed at a high

SOF III - 1081 Southern Financial LLC the Master Fund purchase and sell stocks and securities. The Onshore Feeder Fund, the Offshore Feeder Fund or their respective Investors may be required to file tax

of the Master Fund A substantial portion of the Partnership's investable assets are invested in the Master Fund. The Master Fund is incorporated in the Cayman Islands. It may be more difficult for Limited Partners to bring claims and/or enforce judgments in proceedings in the Cayman Islands than it would be in th

financing and other agreements. Non-U.S. Domicile of the Master Fund A substantial portion of the Partnership's investable assets are invested in the Master Fund. The Master Fund is incorporated in the Cayman Islands. It may be more difficult for Limited Partners to bring claims and/or enforce judgments in p

ompany section above. Alan Milgate. Alan Milgate is Managing Director of The Harbour Trust Co. Ltd and is also a Partner with Rawlinson & Hunter in the Cayman Islands. He is the service line leader and has overall responsibility for advising on the establishment and ongoing administration of Cayman Islands compan

RS OF THE MASTER FUND The Master Fund Board of Directors generally meets twice a year to review and assess the investment policy and performance of the Master Fund and generally to supervise the conduct of its affairs. The directors and their business experience are as follows: Sander Gerber. Biographical inf

indirectly, to persons or entities in, or citizens of, a Prohibited Jurisdiction. The Fund is prohibited from making any invitation to the public of the Cayman Islands to subscribe for Interests. Public" for these purposes shall have the same meaning as 'public in the Islands' as defined in the Cayman Islands Mutu

There is no assurance that the Fund will be able to obtain from any company that is a PFIC the necessary information, on an annual basis, to permit the Master Fund to make an election to treat any such PFIC as a QEF. The Fund also may have the option to elect to mark stock in a PFIC to market at the end of ever

taster Partnership: Certain Risk Factors: ML281817-MAXWELL The Master Partnership is an exempted limited partnership registered under the laws of the Cayman Islands. The Master Partnership currently accepts investments from a limited number of affiliated private funds that invest all or a portion of their asse

investors" and "qualified purchasers" under the U.S. federal securities laws. Millennium International primarily invests its capital indirectly in the Master Fund, through its investment in Millennium Offshore Intermediate, L.P. ("Millennium Offshore Intermediate"), a Cayman Islands exempted limited partnersh

n. The \faster Partnership: Certain Risk Factors: AAXWELL The Master Partnership is an exempted limited partnership registered under the laws of the Cayman Islands. The Master Partnership currently accepts investments from a limited number of affiliated private funds that invest all or a portion of their asse

investors" and "qualified purchasers" under the U.S. federal securities laws. Millennium International primarily invests its capital indirectly in the Master Fund, through its investment in Millennium Offshore Intermediate, •. ("Millennium Offshore Intermediate"), a Cayman Islands exempted limited partnershi