CONFIDENTIAL iCapital• ALT MOC ERNATIVE RATIZING NETWORK INVESTMENTS GLENDOWER ACCESS SECONDARY OPPORTUNITIES FUND IV (US), L.P. C ACCESS & UNDERLYING FUND TERMS ACCESS FUND GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. GENERA,. PA!, TNER Glendower Access Secondary Opportunities IV GP. LLC INVESTMENT NI:. `;`..Wit Capital Advisors. LLC STRUCTURE-- Delaware Lintited Oartnershos SIT:t.TErs`i Trio Access Fund wit 4 .t tanoally at! of its investable .stets into the Underlying Fund MINIMUM COMN11141r $250000 Flit-.0 TERM The Access Fund will continue in existence tirough the one-year anniversary of the dissolution of the Underlying Rix' (and accordingly. shall extend &Somatically upon the extension or the Undedying Funds term). with two additions! one-year optional extension periods at the discretion of its General Partner CAPITAL. CALLS Generally upon 7 business days notice RrPctirINCe Oserterly repasts. capital account statements and year-end auckted fnaxsel statements PLACEMENT FEE UP to 200% Payable to 0954 a an affiliate thereof' MANAGEMEFIT FEE <$3 Mil 1.00% - <$5 Mil $5 Mil., 0.25% 075% I 0.75% 0.60% 0.25% CARRIED INTEREST 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 UNDERLYING FUND GLENDOWER CAPITAL SECONDARY OPPORTUNITIES FUND IV, LP GENERAL. PARTNER Glendower Capital UP INVESTMENT MANAGER Glendower Capital SOF N (GP) Limited Sr PUG LURE English Private Fund Limited Partnership STRATEGY !twine in private equity assill on the secondary mancet globale fli Il MUM CONN! TMEhti $5 motion FUND TERM 7 years from the date of the Ui.dedymg Fuld's Fin& Act-nsvon Date plus up to one-year extensions (the first 3 one-year extensions we at the discretion of Glendower and the final 2 one-year extensions require the c