EFTA00314427.txt

"CAS Investment Partners, LLC, the Partnership's manager (the "Manager")"

"Sosin, LLC (the "General Partner")"

"Sosin, LLC, the Partnership's general partner"

"Your bank should wire transfer only U.S. dollars via Fedwire to: To: The Bank of New York... Account Name: Pershine LLC"

"Haynes and Boone, LLP acts as counsel to the Partnership"

"Haynes and Boone, LLP acts... as counsel to the General Partner"

"Haynes and Boone, LLP acts... as counsel to... the Manager"

"Sosin, LLC General Partner"

"CAS Investment Partners, LLC (the "Manager")"

"Sosin, LLC (the "General Partner") and the Partnership"

"The Investor agrees to become a limited partner of the Partnership (each, a "Limited Partner") and in connection therewith subscribes for and agrees t"

"The Investor hereby certifies that it is an accredited investor because it is a self-directed plan... directing the investment in the Partnership"

"send the original... to Panoptic Fund Administration, LLC (the "Administrator")"

"Account Name: Pershine LLC... For Further Credit: Sosin Partners, LP"

"The Investor's investment in the Interest is consistent with the investment purposes and objectives and cash flow requirements of the Investor"

"the Investor will notify the General Partner within ten (10) days thereof"

"the Investor will notify the General Partner if at any time such answers cease to be accurate"

"The Investor represents and warrants that the acceptance of the Investor's subscription application together with the appropriate remittance"

"The Investor agrees to provide any information deemed necessary by the General Partner in its sole discretion to comply with the Partnership's anti-mo"

"The Investor has evaluated the risks of investing in the Interest"

"the Partnership Agreement between the Partnership and the General Partner"

"The Investor, as principal, hereby appoints the General Partner as its true and lawful representative"

"shall survive the acceptance of the Investor as a limited partner of the Partnership"

"The Investor, as principal, hereby appoints the General Partner as its true and lawful representative and attorney-in-fact"

"The General Partner, in its sole discretion, may request information regarding the basis on which such participants are accredited"

"Panoptic Fund Administration, LLC... Attn: Geor is Goodman"

"do Panoptic Fund Administration, LLC... Attn: Geor is Goodman"

"the information contained in this Item II may be disclosed to the Internal Revenue Service by the Partnership"

"the Investor's investment in the Partnership"

"the fiduciary executing this Subscription Agreement on behalf of the Plan"

"the Plan's investment in the Interest"

"Panoptic Fund Administration, LLC... Attn: Geor is Goodman"

"If the Investor is acting as trustee, agent, representative or nominee for a subscriber (a "Beneficial Owner")"

"If the Investor enters into a swap, structured note or other derivative instrument... with a third party (a "Third Party")"

"Investor agrees to promptly notify the General Partner of any change in information affecting this representation and covenant"

"the General Partner will be relying on the accuracy and completeness of the Investor's responses to the New Issue Eligibility Questionnaire contained "