IMPORTANT TAX RETURN DOCUMENT AVAILABLE

PARTNER DISCLOSURE

To make tax reporting easier, Waveland has made available Schedule K-1s for each of its members in electronic format. By using our website to download your Schedule K-1, or other written statements, you are consenting to receive these documents electronically instead of in a paper format. We will treat this as an affirmative statement by you that you have read the disclosures below and that you consent to electronic delivery of your documents.

The consent process takes a few moments and ensures that you continue to receive your forms quickly and securely. Once you state your consent to receiving your K-1 electronically by clicking on the CONSENT button, your K-1s may be downloaded through this secure webpage. Once downloaded, you can save the file to your computer, print it, or email it to your accountant. You can also grant permission to allow us to share your K-1 with the registered representative you have on file with Waveland.

Please confirm your agreement by clicking the "CONSENT" button at the bottom of this disclosure.

Scope and duration of consent

Your consent to receive your Schedule K-1 will be applicable to all Schedule K-1s issued to you from the time of receipt of consent until you withdraw your consent, or are no longer a partner in the partnership.

Post-consent request for a paper statement

At any time, you may request from us a paper copy of your Schedule K-1 after receiving it electronically by sending us your request in writing (either electronically or on paper). An administrative fee may be charged at that time. A request for a paper Schedule K-1 after providing consent for electronic delivery of your Schedule K-1 will not be treated as a withdrawal of your consent for future electronic delivery of your Schedule K-1.

Withdrawal of consent

You may withdraw your consent for electronic delivery of your Schedule K-1 at any time through written (either electronically or on paper) request to us. If you wish to withdraw your consent to receive your K 1 electronically in the future, the withdrawal will be effective on the date of receipt of the withdrawal notice. We will confirm your withdrawal and the effective date in writing (either electronically or on paper) to you. A withdrawal of consent does not apply to any Schedule K-1 delivered electronically prior to the effective date of your withdrawal.

Notice of termination

Upon your consent, all future Schedule K-1s will be available electronically until you are notified otherwise or until you withdraw your consent or are no longer a partner of the partnership.

Updating information

If any of your contact information changes, you must notify us of such changes as soon as possible in writing (either electronically or on paper). Additionally, you will also be notified of any changes to our contact information as soon as possible so that electronic delivery of your Schedule K-1 will not be interrupted.

Hardware and software requirements

Your electronic Schedule K-1 will be delivered as a PDF file. If you do not have this software, a link to obtain such software is provided on our website. Your Schedule K-1 may be required to be printed and attached to a federal, state, or local income tax return. If changes to any hardware or software required to access the Schedule K-1 electronically are made, you will be notified of the changes in advance.

By clicking the "CONSENT" button, I confirm that:

• I can access and read this Electronic consent to ELECTRONIC RECEIPT OF ELECTRONIC PARTNER DISCLOSURES document; and
• I can print on paper the disclosure or save or send the disclosure to a place where I can print it for future reference and access; and
• Until or unless I notify Waveland as described above, I consent to receive through electronic means all Schedule K-1s during the course of my relationship with Waveland.