EFTA01364497

GLENDOWER ACCESS SECONDARY OPPOR UNI I IES IV(U.S.). L.P, IMPORTANT INFORMATION CONTINUED Presersestam Further. 333.3 its 3 in Access Fun: w armee recce iCrVer returns ern renneors corn mitteng cierectis to the Underlying Fens as a result of the es:Stria-al fees and p•snses assocWecl witn an investrnero in the Access Fend trotSing cc:Mane! mired. Mould be decennia to le ordiction or project:vs of Mire peddreeme of the Underlying Fund ce the Access Fund NOTE: Historical returns preeented herein do net include any feed and erpenrres that would be teisodeted withers investment in the Acores Fund. which would have Ur effect of lowering the net return. exprfenCed by an Investor. eanChtarkt ard financial irseices are shown :or F:t tratib* outiS0149 only aril ate provided for the purpose of making general market data available as a mem of orlererce only. &din bigespagysy art firg,nci4 may hot Pe 063444 tar rp, act ryagyretnr. may be unmanaged enure rearm Amen! of egging CO hot reflect the impact of any !:otter.) commis:erns and cost:. menrigerropot Cw mirth. m once foss. at have Irmentons wean used far corriperson or other raAnIO•on because they, among term reasons may hove differtre trading strategy vosataty cremator other nieurnaloirracterietros resarnentaticr is made trot any benchmark or vale. non cabman-sty radaro Ear comµeisin. Alternated rthedments often ae speedatthe and cdured a high dogma of rat =creates could Ease sl or e substantial amour.: of thaw divestment Agarmese in estments are so lege orgy for eligible. grit tern, imontois who are willing to forgo ireedity and son capital an risk for an eldercare period of lane They may be higly dispel and can dirge in iienxie and other spetdathe practices that troy increase the VCCobi:ty and ..5? e ?MS. Mteineitivt wrrestments tidy:ails hem ft ter fees !hes treicionei investments invests," greed Carefully renew and consider Credential risks bereft arresting Cedar Ot Mete rats may include but de rat limited to • Loss of Mar iiebstarral odbon of the rived moil Me to tinnearyn9_ or order speculative intros • Lack of haudty in that there may be no secondary rude for had • Volatility Cdr....art • Restrictions c. transferseg interests en e listd • Petentiel lock of clisiesiliCatign and rtherting Rights Irak Ma to Oorcenbarion of firedog euff Prig wren a StinS4 freteid is kitilee-ii AtisarCe 04 rfdrriesbdr *WOWS valuations and pricing • Coma ir. to,, stiuctuteeard teed in tam mooted • Less recratation and !with, fa& than mutual funds: end • R sks essociated wan I he operators. pendrat and preterits of the mere!. Purchaser: of Interests will be limited perdue: n the Access Fund and will not be limited per the,: of the Underlying Fund will ham no drect altered in the Underlying Find wis nesenodding righter the Unger !sing Fenders:4 oil rave no danceng o ittemna tqafilt trie tederlying Fund or Mtge: nerd Pother or Manager of tne Underlying Fenced led, respective off kids. directors. members, partners. shareholckes or employees.. eddies or affiliates to any <died dreCtOe member. Penner. StvritiOlder. eenCrigyee o agent Of any tech affrostied Ins offering of inieref.t n not. dr stimio not be considered an offering of lenatd lancer midgets in l he Uncle, lying Feed dior end non. of Me Access Fwd. the General Partner of the Access Fund or any al their respective affiliates lilt the night to peetscdate in the central. Management or ooradoris of the drelethave Ftrd cc has art darer son oser din mernawndo of vie ord.:ids-sr; Pita Non the Access Fend 3h1 1ha Unclelying Funo impose adthiastretve or movidarrant isea. tost.xt.".i re:did-ging andother scree fors, performance allocebath andother roosenms that will reduce returns. Returns toes:stied parrs r the Access Fund will be rear than thnsa freer a once eivertnitnt in the Urcididng Fund, !Copt& Adsrscas. LLE. a sutruchey of institutional Capital Network, ;Ti/bia Carats! Netssedd is an irnestnent adviser reentered with Al* er.S. Secorii re; and Ertl:~ Corr1111/11.4% CSEC TI* regi Mends. and !, ,tottiki snip' oboes in no way imply Mel 0'4 SEC ices endow: shoe imbed.. C400:4 11 Ji I erecter discussed refer Acklarcel Information H evader., upon request iCapital 7C;1(121'. 212.?`: 7.100 efthdirtapitolnetyred ktUrn I ethrigiCapittaltletiretak.COM CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055044 CONFIDENTIAL SDNY_GM_00201228 EFTA01364497