GLDUS126 Pacific Life Insurance Co Section 6: Summary of Terms and Conditions Glendower Capital Secondary Opportunities Fund IV. LP Feeder Fund or Parallel Fund (other than any Limited Partner or investor affiliated with the General Partner. the Second GP or the Manager). Feeder Funds and Parallel Funds will not have separate advisory committees. The Manager shall have the right to appoint one or more representatives of the Manager to serve as non-voting members, and as the chairman, of the Fund Advisory Committee. The Fund Advisory Committee will meet at least annually following the Final Admission Date, or before the Final Admission Date at the discretion of the Manager, and as required to consult with the Manager as to potential conflicts of interest and certain other matters. The Fund will reimburse the Fund Advisory Committee members for their reasonable out-of-pocket expenses. Successor Funds Without the consent of 662.4% in interest of the Limited Partners, none of the General Partner, the Second GP. Glendower Capital. LLP or any affiliate of Glendower Capital. LLP will close another multiple third party investor fund having a substantially similar investment objective and strategy as the Fund until the earlier of: Allocation of Investment Opportunities Transfers and Withdrawals Reporting, Valuations and Annual Meeting Disclosure of changes to the leverage provisions (i) the date when 75% of aggregate Commitments have been invested. committed or reserved for investment or allocated or reserved to meet the obligations of the Fund; (ii) the end of the Investment Period; or (iii) the termination of the Fund. Notwithstanding the foregoing, Glendower Capital, LLP or any of its Affiliates may, at any time, close other multiple third party investor funds with investment objectives and strategies that overlap with the Fund but are dedicated to pursuing investment opportunities relating to specific asset categories or strategies (each