Epstein Secrets

ject to U.S. will be required to include in share of the items of income, gain, loss, and to what extent distributions are made EFTA01397213 of Department of Labor regulations as modified by section 3(42) of ERISA) to less than 25% of each class of equity interests in the Fund. Each prospective investor subje

inistrator. Global Placement Agent Credit Suisse Asset Management Limited. Confidential Private Placement Memorandum 46 EFTA01397215 GLDUS127 Annandale Capital Glendower Capital Secondary Opportunities Fund IV, LP This page has intentionally been left blank Confidential Private Placement Memorandum 47 E

xpenses at any time, generally upon 12 business days' prior written notice. Confidential Private Placement Memorandum 37 EFTA01397195 GLDUS127 Annandale Capital Section 6: Summary of Terms and Conditions Glendower Capital Secondary Opportunities Fund IV, LP Investment Period The Fund's investment period w

the Code, or (b) is exempt from the prohibited transaction rules of Section 406(a) of ERISA and Section 4975(c)(1XA)—(D) of the Code by virtue of a Department of Labor Prohibited Transaction Class Exemption or some other exemption of such rules; (22) if the Investor is an employee benefit plan subject to the fidu

GLDUS127 Annandale Capital of 1934; and/or (e) an independent fiduciary that holds, or has under management or control, total assets of at least $50 million (provided that th

the assets of such general account arc not considered to be plan assets within the meaning of Department of Labor Regulations Section 2510.3-101 or Department of Labor regulations issued pursuant to Section 401(c)( I )(A) of ERISA, or (b) the execution and delivery of this Agreement, and the acquisition and redemp

GLDUS127 Annandale Capital the "IRA owner" of such an individual retirement account), and (b) to the extent the Investor's Interest is being held by a custodian, (x) the Gene

e Code, or (b) is exempt from the prohibited transaction rules of Section 406(a) of ERISA and Section 4975(c)(1)(A)—(D) of the Code by virtue of a Department of Labor Prohibited Transaction Class Exemption or some other exemption of such rules; (22) EFTA01397374 if the Investor is an employee benefit plan subj

GLDUS127 Annandale Capital 1 Disclosure Statement Deutsche Bank Securities Inc. (the "Solicitation Agent"), Glendower Access Secondary Opportunities IV GP LLC ("Glendower"