GL0USI 42 lronsides Asset Mgmt Glendower Capital Secondary Opportunities Fund IV. LP respect of, the Interests in, from or otherwise involving Mexico. and any resale of the Interests within Mexican territory must be made in a manner that will constitute a private offering pursuant to Article 8 of the Securities Market Law and its regulations. MONACO The recipient acknowledges having full command of English and waives all claims on grounds of language misunderstanding in this document. Le destineteire du present document reconnair avoir une parfaits maitrise de lenglais et renonce a tout recours Londe sur one mauvaise comprehension de la langue utilisee dans ce document. NEW ZEALAND The Manager does not intend that the Interests be offered for sale or subscription under a regulated offer in New Zealand in terms of the Financial Markets Conduct Act 2013 of New Zealand (or any statutory modification or re•enactment of. or statutory substitution for, that Act) CFMC Act'). Accordingly: (i) no product disclosure statement has been prepared or will be registered; and (ii) the Interests have not been and may not be offered or sold to any person in New Zealand other than 'Wholesale investors' as that term is defined in clause 3(2) of Schedule 1 of the FMC Act, being a person that: (a) is an Investment business": (b) meets the investment activity criteria specified in clause 38 of Schedule 1 of the FMC Act (c) is large': or (d) is a government agency. in each case, as defined in Schedule 1 of the FMC Act. No action has been taken by the Manager which would permit an offer of the Interests. or possession or distribution of any offering material, to any person other than as specified in (ii)(a) through (d) above. No Investor shall directly or indirectly offer, sell or deliver any Interests, or distribute this Memorandum or any advertisement in relation to any offer of the Interests. in New Zealand, other than to persons specified in (ii)(a) throu