CrestStreet

February 16, 2007

Initial Closing. Investors purchase Units and pay subscription price of $10 per Unit.

March, 2008

Limited Partners receive 2007 CEE tax receipt.

May 27, 2009

Return of Capital Distribution. Series 2009 Shares of Creststreet Energy Opportunities Fund (the 'Fund') were distributed to Limited Partners as a return of capital distribution. Limited Partners continued to hold their Partnership Units until such time as the Second Transfer was completed.

Unitholders of the Partnership received 0.20786714666 Series 2009 shares for each Partnership unit held, which represents 70% of the value of a unitholder’s units of the Partnership on May 27, 2009.

May 31, 2010

Dissolution Date. The Partnership completed a second transfer of all of its assets to Fund on a tax-deferred basis after it had achieved sufficient liquidity on its private investments to allow the transfer to proceed.

Upon completion of the second transfer, the Partnership was dissolved and the Fund shares received were distributed to unitholders of the Partnership on a tax-deferred basis.

Mutual Fund Rollover Transaction and Termination of the Partnership. The General Partner implemented an exchange transaction (the "Mutual Fund Rollover Transaction") pursuant to which the Partnership transferred its assets to Creststreet Opportunities Fund Inc. an open-end mutual fund corporation managed by Creststreet. The Creststreet Opportunities Fund Inc. currently has one class of mutual fund shares, the Creststreet Energy Opportunities Fund, which invests primarily in equity securities of Canadian resource issuers. In exchange for the Partnership’s assets, the Energy Opportunities Fund issued Series 2010 shares of the Creststreet Energy Opportunities Fund (the ‘‘Shares’’) to the Partnership. Immediately thereafter, the Partnership was dissolved and the Shares were distributed pro rata to Limited Partners and the General Partner. This exchange occurred on a tax- deferred "roll-over" basis and will not result in any tax consequences to Limited Partners or the General Partner.

May 31, 2010

Redemptions. Payment for Shares subject to notices of redemption will be made monthly on the third business day following the next Valuation Date based on the net asset value of the Creststreet Energy Opportunities Fund on such Valuation Date. A redemption of a Share will generally result in a capital gain.