EFTA01364855

GLDUS236 SOUTHERN FINANCIAL LLC Glendower Capital Secondary Opportunities Fund tit LP PFICs As defined in Section 9: Certain Legal, ERISA and Tax Considerations. Push-Out Election As defined in Section 9: Certain Legal, ERISA and Tax Considerations QEF As defined in Section 9: Certain Legal. ERISA and Tax Considerations. RVPI Residual value to paid-in capital. Sanction Regulations Collectively UK sanctions. UN sanctions. EU sanctions. and/or U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department. SEC The U.S. Securities and Exchange Commission. Second GP Glendower Capital SOF IV (Alternate GP). LLP, an English limited liability partnership (but see Section 6: Summary of Terms end Conditions for the description of the limited role of the Second GP). Securities Act The U.S. Securities Act of 1933, as amended. Side Letter A side letter or other written agreement with one or more Limited Partners which has the effect of establishing additional rights (including, for example, reducing the General Partners Share chargeable with respect to such Limited Partner), or altering or supplementing the terms of the Fund Partnership Agreement. Single Asset Deal A co-investment in an individual portfolio company alongside one or more private equity fund sponsors. SOF DB Secondary Opportunities Fund (comprising SOF A. SOF B and SOF C). SOF A DB Secondary Opportunities Fund A, L.P., a Cayman Islands exempted limited partnership. SOF B DB Secondary Opportunities Fund B, L.P., a Cayman Islands exempted limited partnership. SOF C DB Secondary Opportunities Fund C. L.P.. a Cayman Islands exempted limited partnership. SOF D OB Secondary Opportunities Fund D. L.P., a Cayman Islands exempted limited partnership. SOF II Secondary Opportunities Fund II, LP, a Scottish limited partnership. SOF Ill Secondary Opportunities Fund Ill. LP, an English limited partnership. SOF IV or the Fund Glendower Capital Secondary Opportunities Fund IV. LP. SOF Business Deutsche Asset Management's Secondaries Opportunities Fund investment program. SOF Funds or the SOF SOF. SOF 0, SOF II and SOF Ill, collectively. Program SOF Team As defined in Section 1: Executive Summary. Special Limited Partner An affiliate of the Manager that shall receive Carried Interest. Confidential Private Placement Memorandum 106 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055404 CONFIDENTIAL SDNY_GM_00201588 EFTA01364855