o controls the Management Company as the managing member of its general partner. Hudson Bay Capital Management LP, a Delaware limited partnership (the "Management Company"), provides certain administrative and managerial services to the Partnership, subject to the General Partner's oversight. The Management DOC ID- 1

ks and expenses of an investment in, the Partnership. The Investor acknowledges receipt of Part 2 of Form ADV of Hudson Bay Capital Management, LP (the "Management Company"). on or before the date of this Subscription Agreement set forth below. The Investor understands that the Partnership carries out its investment obj