EFTA01452047.pdf

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 Art 23(1Xe) Section 10: Certain Legal, potential professional liability risks ERISA and Tax Considerations Description of any delegated management Art 23(1)(f) N/A. functions by the AIFM, identity of the delegate and description of conflicts of interest 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 Art 23(1Xi) Section 3: Summary of Principal of the maximum amounts thereof which are directly Terms; or indirectly bome by investors 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 Art 23(1)(j) Section 7: Summary of Terms treatment of investors and a description of any and Conditions preferential treatment or the right to obtain preferential treatment obtained by any investor Latest annual report Art 23(1Xk) N/A. Procedure and conditions for the issue and sate of Art 23(1XI) Section 7: Summary of Terms Interests 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 Art 23(1X0) N/A. material arrangements of the AIF with its prime brokers and the way the conflicts of interest in relation thereto are managed Description of how any changes to liquidity or Art 23(1Xp) Section 7: Summary of Terms leverage provisions of the AIF will be disclosed to and Conditions; investors Section 10: Certain Legal, ERISA and Tax Considerations The current risk profile of the AIF and the risk Art 23(4) Section 5: Secondary management systems employed by the AIFM to Opportunities Fund III manage those risks 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) DB-SDNY-0108928 CONFIDENTIAL SDNY_GM_00255112 EFTA01452047