GLDUS130 Aspen Grove Capital. LLC Disclaimer This confidential presentation (this °Priesentetiorri is being communicated to a limited number of sophisticated persons reach a 'Recipient) by Glendower Capital. LL.P ?Glendower') which is authorized and regulated by the United Kingdom Financial Conduct Aulhoiily, for Me purpose of providing certain stmenely Information about certain eelsting amt futile funds and accounts that are managed or advised by Glendower, including in connection with your evaluation of a potential investment in the fund to be known as Glendower Capital Secondary Opportunities Fund IV, LP r•$CF IV or the 'Fund') The information included in this Presentations being made available to Recipients on a strictly confidential basis and may not be disclosed or discussed with any person other than any Recipient's affiliates or professional advisers who are bound by obligations of confidentiality on a need to know basis Any past performance information herein Is not necessarily indicative of future results and actual performance may differ materially from any projected or forecasted performance. This Presentation is not intended to form the basis of any investment, decision and Recipients must not rely on this Presentation as part of any assessment of whether to stubs tribe for interests in the Fund This Presentation may not he used for and does not constitute an offer to stet. or a solicitation of any otter to subscribe tor or purchase any interests or to engage in any other transaction The information in this Presentation is intended to facilitate discussion and is not necessarily meaningful or complete without such supplemental discussion Each Recipient should consult its own attorney. business adviser and tax adviser as to alga€, business, tax, accounting and related matters coreieming the erformation contained herein and any future offering of S0F IV. Neither Glendower nor any of their respective affiliates makes any representation or warr