EFTA Document EFTA01354472

GLDUS143 Henry Nicholas Important Information for Recipients in Certain Jurisdictions (3/6) For persons in Hong Kong. The information memorandum in relation to any interest and/or investment referred to in this Presentation has not been approved by the Securities one Hattie's Commission of Hong Kong. Accordingly Ceti any Interests or secuntres may not be offered or sold and have net been offered or sold in Hong Kong. by means et any document, other than to (i) "professional investors- as defined in the Securities and Futures Ordinance (Cap. 571) of Hong Kong and any rules made tinder that Ordinance, or (ii) in other circumstances which do not result in the document being a -prospectus" as defined in the Companies Ordinance (Cap 622) of Hong leong or which do not constitute an offer to the mega within the meaning of that Ordinance, and it') no person has issued or had In its possession for the purposes of issue, and will not issue or have 'n ins possession for the purposes of issue, whether in Hong Kong or ethewtiere. any advertisement. invitation or document relating to any interest or securities, which th directed at. or the contents of which are or are likely to be accessed or read by. the public in Hong Kong (except if permitted to do so under securities taws of Hong Kong) other than With respect to any interests or securities which are or are intended to be disposed of only to persons outside Hong Kong or only to 'professional investors- within the definition of the Securities and Futures Ordinance (Cap. 571) of Hong Kong and any rules made under that Ordinance. For persons in Israel. This Presentation has not been approved by the Israel Securities Authority arid will only be distributed to Israeli residents in a manner that will not constitute 'an offer to the public' under sections 15 and 15a of the Israel Securities Law. 572s-1968 ("the Securities Law-tor section 25 of the Joint Investment Trusts Law. 5756-1994 (-the joint Investment Trusts Law"). as applicable. The products described in this Presentation (the 'Products') are being offered to a limited number of investors (35 investors or fewer during any green 12 month period) and/or those categories of investors listed in the First Addendum (*the Addendum') to the Securities Law, ("Sophisticated Investors") namely joint investment funds or mutual trust hinds. provident kinds, insurance companies, banking corporations (purchasing Prat rcts For themselves or for clients who are Sophistieated Investors). portfolio managers (purchasing Products for themselves or for clients who are Sophisticated Investors), investment advisors or investment marketers (purchasing Products for themselves). members of the Tel-Aviv Stock Exchange (purchasing Products for themselves or for clients who are Sophisticated Investors), underwriters (purchasthg Products for themselves). venture capital tends engaging mainly in the capital market, an entity wthich is wholly owned by Sophisticated Investors, corporations. (other than fanned for the specific purpose of an acquisition pursuant to an offer). with a shareholders equity in excess of NIS 50 million. and individuals in respect of whom the terms of item 0 in the Schedule to the Investment Advice Law hold true investing for their own account. in respect of which at least one of the following applies: the total value of their cash, deposits, financial assets (as defined in the Investment Adviee Lowland securities traded on a stock exchange licensed under the Securities Law (together, "Liquid .Assets') exceeds NIS 8 million (approximately £1.3 million), their level of income over each of the preceding two years exceeds MS 1.2 million (approximately 1.200,000). or the level of income of their -family unit exceeds NIS 1 8 million (approximately E300,000); or the aggregate Value of all their LYjuid Assets exceeds NIS 5 mil on (approximately £830,000) and their level of income over each of the preceding two years exceeds NIS 600,000 (approximately £1)X.000). or the level of income ot their "fangly unit' exceeds NIS 000,000 (approximately £150.000), each as defined in the said Addendum. as amended from time to time, and who in each case have provided written confirmation that they qualify as S0phuticated investors. and that they are aware of the consequences of such designation and agree thereto: in all cases under circumstances that will fall within the private placement or ether exemptions of the Joint Investment Trusts Law, the Securities Law and any applicable guidelines. pronouncements or rulings issued from time to time by the Israel Securities Authority. This Presentation may nol be reproduced or used for any other purpose, nor be furnished to any other person other than those to whom copies have been sent Any &three who purchases a Product is purchasing such Product for its own benefit and account and not with the aan of intention of distributino or offering such Product to other parties (other than, in the case of an offeree which is a Sophisticated Investor by virtue ofd being a banking corporation. portfolio manager or member of the Tel-Aviv Stock Exchange. as defined in the Addendum, where such offeree is purchasing Product for another party which is a Sophists:Med investor). Nothing in this Presentation should be consWered investment advice or investment marketing as defined in the Regulation of investment Counselling, Investment Marketing and Portfolio Management Law. 5755-194. Investors are encouraged to seek competent investment counselling from a locally licensed investment counsel prior to making the investment. As a prerequisite to the receipt of a copy of this Presentation a recipient shall be required by the Fund to provide confirmation that it is a Sophisticated Investor purchasing Producis for its own account or where applicable. for other Sophisticated Investors This Presentation does not constitute an offer to sell or solicitation of an offer to buy any securities other than the interests in the Fund offered hereby, nor does it constitute an otter to sell to or solicitation of an offer to buy from any person or persons in any state or other Jurisdiction in which such offer or solicitation wouldbe unlawful, or in which the person making such offer or solicilsnie • r not qualified to do so, or to a persen or persons to whom it is unlawful to make such offer or solicitation. Glendower Capital S'I'R Om), CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0039066 CONFIDENTIAL SDNY_GM_00185250 EFTA01354472