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From: Richard Kahn • To: "Jeffrey E." <jeevacation®gmail.com> Subject: Fwd: Honeycomb Ventures I LP - Richard Kahn Date: Wed, 05 Jul 2017 22:14:13 +0000 Attachments: Exhibit_B_-_Honeycomb_Spotify_Risk_Factors.pdf; Honeycomb_Ventures_- _Subscription_Agreement.pdf; Honeycomb_Ventures_- Limited Partnership_Agreement.pdf; Honeycomb Part 2A of Form_ADV_- _March_i017.pdf; Cover Memo -_Kahn,_Richard7pdf; Lhg3it:A_- Honeycomb_Spotify_Case_Stucty_-_Kahn.pdf Inline-Images: image00 1 jpg please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell Begin forwarded message: From: Vick Sandhu Subject: Honeycomb Ventures I LP - Richard Kahn Date: Jul 5, 2017 at 5:32:20 PM EDT To: " "< Cc: CapitalPartnerships < Dear Rich, I am pleased to share the enclosed materials outlined below related to Honeycomb's co-investment opportunity in Spotify. 1. Cover Memo that provides a high-level background on the investment opportunity 2. Exhibit A: Spotify Case Study 3. Exhibit B: Risk Factors 4. Limited Partnership Agreement of Honeycomb Ventures I LP S. Subscription Agreement of Honeycomb Ventures I LP 6. Honeycomb Form ADV Important dates for your consideration (updated from investment documents): > Friday, July 7, 2017: Please confirm your capital commitment EFTA01041604 r Monday, July 10, 2017: Subscription Agreement and Funding Wire Due We thank you for the continued partnership and support. Please contact us with any questions. Best, Vick Vick Sandhu COO, GC & CCO 1;1] 645 Madison Avenue, 16th Floor New York, NY 10022 work: cell: This e-mail and any file(s) transmitted with it may contain confidential and/or privileged information. Nothing contained in this e- mail and/or any file(s) transmitted with it constitutes a solicitation or an offer to buy or sell any securities. Use or disclosure of this e-mail or any such files by anyone other than a designated addressee is unauthorized. If you are not an intended recipient (or have received this email in error), please notify the sender immediately and delete this e-mail without making a copy. If this e-mail is misdirected, Honeycomb Asset Management,. and its affiliates do not waive confidentiality or any privilege. EFTA01041605