EFTA01364495.pdf

RATIZING CONFIDENTIAL iCapital• ALTMOC ERNATIVE NETWORK INVESTMENTS GLENDOWER ACCESS SECONDARY OPPORTUNITIES FUND IV (US), L.P. C ACCESS & UNDERLYING FUND TERMS ACCESS FUND UNDERLYING FUND GLENDOWER ACCESS SECONDARY GLENDOWER CAPITAL SECONDARY OPPORTUNITIES IV (U.S.), L.P. OPPORTUNITIES FUND IV, LP GENERA,. PA!, TNER GENERAL. PARTNER Glendower Access Secondary Opportunities IV GP. LLC Glendower Capital UP INVESTMENT NI:. `;`..Wit INVESTMENT MANAGER Capital Advisors. LLC Glendower Capital SOF N (GP) Limited STRUCTURE-- Sr PUG LURE Delaware Lintited Oartnershos English Private Fund Limited Partnership SIT:t.TErs`i STRATEGY Trio Access Fund wit 4 .t tanoally at! of its investable .stets into the !twine in private equity assill on the secondary mancet globale Underlying Fund fli Il MUM CONN! TMEhti MINIMUM COMN11141r $5 motion $250000 FUND TERM Flit-.0 TERM 7 years from the date of the Ui.dedymg Fuld's Fin& Act-nsvon Date plus up to The Access Fund will continue in existence tirough the one-year anniversary one-year extensions (the first 3 one-year extensions we at the discretion of of the dissolution of the Underlying Rix' (and accordingly. shall extend Glendower and the final 2 one-year extensions require the consent of the SOF IV &Somatically upon the extension or the Undedying Funds term). with two advisory committee) additions! one-year optional extension periods at the discretion of its General Partner C.0.1)I1Al (torn.S For the p.eposes of nueung investments and/or paying expenses: generally Mon CAPITAL. CALLS 12 butenela days prior widen nonce Generally upon 7 business days notice INVE S1hIEN r pER ',TA) RrPctirINCe Four years from the Undorlywv Fund. FxrInl Adm...:on Date Oserterly repasts. capital account statements and year-end auckted fnaxsel statements REPORTING Audited anrvual accounts as wed as is-titited Quarterly f d±ariCial statements PLACEMENT FEE (2nd and 3rd Quarters only) and unaudited Quarterly capital &COW,: Statements UP to 200% Payable to 0954 a an affiliate thereof' mAt LACIFME NT FEE. MANAGEMEFIT FEE Net of 15 basis point discount egarrar Underlying Fund fees reserved for Actess fund cab , EST 7-I ENT J.; 0 1.10% of Commited Captor Two 'YEARS AFTER THE EIJO (IF THE ENT 0.85% of Wasted Cavite <$3 Mil 1.00% 0.75% THEPEAFTE.R THROJC.H THE ENO OF ME rum) 1EOto The teeter of 90% of previous yew and 025% of !wrested Cractal, - <$5 Mil 075% I 0.60% CARRIED INTERF£-T $5 Mil., 0.25% 0.25% 12.50%afteren800%preforred rettrri with a 100%Gn catch-up and full aferbd<1; SUBSECAJENT e.1.0SIt IG FEE OF NOTrlRr CLOSE) CARRIED INTEREST Koh... of (a) Threamonth USD LIBOR pan 2.00% and (b) 8.00% No additional canied interest will be charged by the Access Fund SLIEISEe,)UENT CLOSING FEE (IF 1-4-.)1' FIRST Cl. Serrates the Underlying Find. including centMoutons nudge by Feeder investors for fees and expensed of the Feeder 'Nan. AtrAta Fa1.1 ran F. ...nine gra sr. MA:Le t. as .4.43na *tow.... Q.v."! el thaw...4,27,n ann, lift raxneno...nrasnao nemn rs herb o.n.o.'s* re. hemrootlets ;or:. F.v ...ra"rforSt.a porrnwr reory Mt tat Owed 'els pry rd..1. :Set Lug Ns. :rosiseed itts.sunt reol rimy int it mime late. r vy issuer re toot ta.xirtustrrunt eristess as en afar m sea es a sattcltrice d s of* may rev manners se trpestriret peckish writ iL nem, eaves "Venn of 'sawn u hu u<nrbt¢ Inctioes naosn reef We born:xi* (.:mart :0 al oNoAr:%-ti ;:draw paoresot in.coNandtan.ns thsias-trardetd:Praanao yitiannv JoePara. whth sea t !us nitres, ti: !atsnyi* it vr•.Nrr.a.w COradrintal erne. sl Una Wang re.. IntrIgiara Inkavaarn wo. 2 fox roMir1,r.4 werortr,Wor. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055042 CONFIDENTIAL SDNY_GM_00201226 EFTA01364495