EFTA Document EFTA01451641

SOF III - 1081 Southern Financial LLC Secondary Opportunities Fund III. LP Section 7: Summary of Terms and Conditions; Section 10: Certain Legal, ERISA and Tax Considerations; Appendix 6: Directory. Description of how the AIFM is protected against potential professional liability risks Art 23(1Xe) Section 10: Certain Legal, ERISA and Tax Considerations Description of any delegated management functions by the AIFM, identity of the delegate and description of conflicts of interest Art 23(1)(f) N/A. Description of the AIF's valuation procedure Art 23(1X9) Section 10: Certain Legal, ERISA and Tax Considerations Description of the AIF's liquidity risk management Art 23(1Xh) Section 10: Certain Legal, ERISA and Tax Considerations Description of all fees, charges and expenses and of the maximum amounts thereof which are directly or indirectly bome by investors Art 23(1Xi) Section 3: Summary of Principal Terms; Section 7: Summary of Terms and Conditions; Section 8: Risk Factors: Section 10: Certain Legal, ERISA and Tax Considerations Description of how the AIFM ensures a fair treatment of investors and a description of any preferential treatment or the right to obtain preferential treatment obtained by any investor Art 23(1)(j) Section 7: Summary of Terms and Conditions Latest annual report Art 23(1Xk) N/A. Procedure and conditions for the issue and sate of Interests Art 23(1XI) Section 7: Summary of Terms and Conditions Latest net asset value of the AIF Art 23(1Xm) N/A. Historical performance of the AIF, where available Art 23(1Xn) N/A. Identity of the prime broker and a description of any material arrangements of the AIF with its prime brokers and the way the conflicts of interest in relation thereto are managed Art 23(1X0) N/A. Description of how any changes to liquidity or leverage provisions of the AIF will be disclosed to investors Art 23(1Xp) Section 7: Summary of Terms and Conditions; Section 10: Certain Legal, ERISA and Tax Considerations The current risk profile of the AIF and the risk management systems employed by the AIFM to manage those risks Art 23(4) Section 5: Secondary Opportunities Fund III Conflicts of Interest Conflicts of Interest of the AIFM Art 12(1Xd), Art 14(2) Section 9. Conflicts of Interest Confidential Private Placement Memorandum 133 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0108362 SDNY_GM_00254546 EFTA01451641