GLDLISI 31 Bright Group Summary of Key Terms This is a summary of terms only. This summary of the Access Funds terms is qualified in its entirety by the Private Placement Memorandum of the Access Fund, as may be amended and restated or supplemented from time to time, and the Amended and Restated Limited Partnership Agreement of the Access Fund. Fund Name General Partner Investment Manager Structure Strategy Minimum Commitment Target Size Fund Term Underlying Fund Glendower Capital Secondary Opportunities Fund IV. LP Access Fund' Glendower Access Secondary Opportunities IV (U.S.). LP Glendower Capital SOF IV (GP) Limited Glendower Capital . LLP English Private Fund Limited Partnership Glendower Access Secondary Opportunities IV GP, LLC Capital Advisors, LLC Invest in private equity assets on the secondary market globally $5 million Si 75 bk.on 7 years from the date of the Underlying Fund's Final Admission Date' plus up to 5 one-year extensions (the first 3 one-year extensions are at the discretion of Glendower and the final 2 one-year extensions require the consent of the SOF IV advisory committee) For the purposes of making investments and/or paying expenses generally upon 12 business da 'prior written notice Four years from the Underlying Fund's Final Admission Date' An AIF MD-compliant depositary will be appointed by the Fund prior to the Underlying Fund's first closing. This first closing will not occur prior to the date on which such AIFMD-compliant depositary has been formally appointed as the Underlying Fund's depositary and fund administrator Debevoise 8 Plimpton LLP Audited annual accounts as well as unaudited quarterly financial statements (2nd and 3rd quarters only) and unaucited quarterly capital account statements N/A Delaware Limited Partnership The Access Fund will invest substantially all of its investable assets into the Underlying Fund 5250.000 N/A The Access Fund will continue in existence through the on