EFTA Document EFTA01451508

SOF III - 1081 Southern Financial LLC The General Partner Capital Calls The General Partner, Secondary Opportunities Fund III Private Client Feeder Fund GP, Ltd., will be an exempted company incorporated with limited liability in the Cayman Islands and is not an affiliate of Deutsche Bank. The General Partner will also serve as the general partner of the Offshore Feeder Fund. The General Partner will receive a managing fee (a "General Partner's Fee"), payable annually in advance, in an