SOF III - 1081 Southern Financial LLC Secondary Opportunities Fund III. LP Special Limited Partner Such person or persons designated by the Manager to receive Carried Interest. Subsequent Closing Limited Partners admitted to the Fund at a Closing subsequent to the First Closing. Partner NPI Total Value to Paid-in Capital. UBTI As defined in Section 10: Certain Legal, ERISA and Tax Considerations. UK The United Kingdom. US The United States of America. USRPHCs As defined in Section 10: Certain Legal. ERISA and Tax Considerations. UTR As defined in Section 10: Certain Legal. ERISA and Tax Considerations. Volcker Rule The provisions of the Dodd-Frank Act which will eventually, subject to certain exceptions, prohibit banking entities (including Deutsche Bank) and their subsidiaries and affiliates from engaging in proprietary trading and from sponsoring or investing in private funds such as the Fund. withholdable payments As defined in Section 10: Certain Legal, ERISA and Tax Considerations. Conbdential Private Placement Memorandum 127 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0108922 CONFIDENTIAL SDNY_GM_00255106 EFTA01452042