4.2% (a) Please note that Honeycomb Master Fund LP includes all or substantially al investible assets from its feeder funds. Honeycomb Partners LP. Honeycomb Intermediate Fund LP and Honeycomb Offshore Fund LW. However. investors are expected to invest at the feeder fund not at the master fund level. The reflected returns ass

6.0% (a) Please note that Honeycomb Master Fund LP includes all or substantially al investible assets from its feeder funds. Honeycomb Partners LP. Honeycomb Intermediate Fund LP and Honeycomb Offshore Fund Ltd. However. investors are expected to invest at the feeder fund not at the master fund level. The reflected returns as

e to any and all persons. without limitation of any kind. the tax treatment and tax structure of: (i) Honeycomb Master Fund LP (the "Master Fund"). Honeycomb Intermediate Fund LP (the "Intermediate Fund"), Honeycomb Offshore Fund Ltd. (the "Offshore Fund"). Honeycomb Partners LP. (the "U.S. Partnership", and collectively, the

ns. (a) Please note that Honeycomb Master Fund LP includes all or substantially all investible assets from its feeder funds, Honeycomb Partners LP, Honeycomb Intermediate Fund LP and Honeycomb Offshore Fund Ltd. However, investors are expected to invest at the feeder fund not at the master fund level. The reflected returns a

ns. (a) Please note that =oneycomb Master Fund LP includes all or substantially all invertible =ssets from its feeder funds, Honeycomb Partners LP, Honeycomb Intermediate Fund LP and Honeycomb =ffshore Fund Ltd. However, investors are expected to invest at the =eeder fund not at the master fund level. The reflected returns as