THE VARDE FUND X (MASTER), L.P.

PFID 805-4720296987 Managed by VARDE MANAGEMENT, L.P.

Hedge Fund 3(c)(7) Master Fund

Gross Asset Value

$70.6M

Min. Investment

$10,000,000

Investors

135

First Sale

FY End

Service Providers

Auditor

KPMG, LLP

MINNEAPOLIS, Minnesota, United States

PCAOB: Registered

Independent: Yes

Prime Broker

GOLDMAN SACHS & CO. LLC

NEW YORK, New York, United States

Custodian: Yes

Custodian

THE BANK OF NEW YORK MELLON

NEW YORK, New York, United States

Custodian

WELLS FARGO BANK, N.A.

SAN FRANCISCO, California, United States

Custodian

GOLDMAN SACHS & CO. LLC

NEW YORK, New York, United States