EFTA Document EFTA01451605

SOF III - 1081 Southern Financial LLC Secondary Opportunities Fund III. LP equity funds in which the Fund invests in connection with their organisation. offering and ongoing investment activities. The Fund and the Manager have acknowledged and agreed that, in certain instances. Debevoise & Plimpton LLP. as counsel to an underlying private equity fund in which the Fund invests, may have to withdraw as counsel to the Manager if a conflict arises between the Fund and such underlying fund. In s