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re than 80 deals and having screened thousands of funds over 10 years.22 • Unique sell-side experience, having participated in the restructuring of Deutsche Bank's €5.1 billion proprietary private equity portfolio from 2003 to 2006.n Disciplined and selective investment process • Targets attractive risk-adju
Deutsche Bank cdleagues in the transactions that comnbuted to the disposition of Deutsche Bank's proprietary pnvate equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked in Si such transactions and the efforts described in this Memorandum in respect of the proprietary private &Key restructunng
re than 80 deals and having screened thousands of funds over 10 years.22 • Unique sell-side experience, having participated in the restructuring of Deutsche Bank's €5.1 billion proprietary private equity portfolio from 2003 to 2006.21 Disciplined and selective investment process • Targets attractive risk-adju
Deutsche Bank cdleagues in the transactions that comnbuted to the dispassion of Deutsche Bank's proprietary pnvate equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked in all such transactions and the efforts described In Mrs Memorandum in respect of the proprietary private ochry restructunng
re than 80 deals and having screened thousands of funds over 10 years.22 • Unique sell-side experience, having participated in the restructuring of Deutsche Bank's €5.1 billion proprietary private equity portfolio from 2003 to 2006.n Disciplined and selective investment process • Targets attractive risk-adju
Deutsche Bank cdleagues in the Bansactiors that contributed to the dispassion of Deutsche Bank's proprietary pnvate equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked in Si such transactions and the extorts described in this Memorandum in respect of the proprietary private &hey restructunng
re than 80 deals and having screened thousands of funds over 10 years.22 • Unique sell-side experience, having participated in the restructuring of Deutsche Bank's €5.1 billion proprietary private equity portfolio from 2003 to 2006.21 Disciplined and selective investment process • Targets attractive risk-adju
utsche Bank cdleagues in the transactions that contributed to the dispassion or Deutsche Bank's proprietary private equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked in Si such transactions and the effects described in this Merncrandum in respect or the proprietary private &hey restructunng
e than 80 cleats and having screened thousands of funds over 10 years.22 • Unique sell-side experience, having participated in the restructuring of Deutsche Bank's €5.1 billion proprietary private equity portfolio from 2003 to 2006.n Disciplined and selective investment process • Targets attractive risk-adju
sche Bank cdleagues in the trans.actions that contributed to the disposition or Deutsche Bank's proprietary private equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked In all sum transactions and the efforts described in this Parnorandum in respect of the proprietary private equity restructun
e than 80 cleats and having screened thousands of funds over 10 years.22 • Unique sell-side experience. having participated in the restructuring of Deutsche Bank's €5.1 billion proprietary private equity portfolio from 2003 to 2006.21 Disciplined and selective investment process • Targets attractive risk-adju
utsche Bank cdleagues in the Bansactiors that contributed to the disposition or Deutsche Bank's proprietary private equity port:ow Charles Smith and Carlo Pirao.Broli were not invoked in an sum transactions and the efforts described in this Memorandum in respect or the proprietary private equty restructunng
re than 80 deals and having screened thousands of funds over 10 years.22 • Unique sell-side experience. having participated in the restructuring of Deutsche Bank's 65.1 billion proprietary private equity portfolio from 2003 to 2006.21 Disciplined and selective investment process • Targets attractive risk-adju
Deutsche Bank cdleagues in the transactions that comnbuted to the dispassion of Deutsche Bank's proprietary pnvate equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked In Si sum transactions and the efforts described In the Merncrandum in respect of the proprietary private equty restructunng
e than 80 cleats and having screened thousands of funds over 10 years.22 • Unique sell-side experience. having participated in the restructuring of Deutsche Bank's €5.1 billion proprietary private equity portfolio from 2003 to 2006.n Disciplined and selective investment process • Targets attractive risk-adju
eutsche Bank cdleagues in the transactions that comnbuted to the disposition or Deutsche Bank's proprietary private equity pordobo Charles Smith and Carlo Pirao.Broll were not invoked In tit sum transactions and the eels described in this Memorandum in respect or the proprietary private &Key restructunng ate
Entities connected to both Deutsche Bank and Carlo Pirao

Prince Charles
PERSONCharles Smith
PERSONGlendower Capital
ORGANIZATIONJoshua Glaser
PERSONDeirdre Davies
PERSONChi Cheung
PERSONthe SOF Team
ORGANIZATIONInternal Rate of Return
ORGANIZATIONthe SOF Program
ORGANIZATION
Josh Brolin
PERSONSOF H
ORGANIZATIONAdam Greer
PERSONMerncrandum
LOCATIONCarlo Pirtioaroli
PERSONCh Cheung
PERSONAdam Grater Name
PERSONBansactiors
PERSONcalculfte Net RR
ORGANIZATION