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anager or any Affiliate of the foregoing. (v) Partnership Counsel Does Not Represent the Investors. The Investor understands and acknowledges that Cleary Gottlieb Steen & Hamilton LLP ("Cleary Gottlieb") acts as U.S. counsel only for the Partnership, Glendower Access Secondary Opportunities IV (International), L.P. (the "Feeder
treatment of the Partnership as an entity subject to corporate income tax. The Investor either: (1) (2) is not a partnership, grantor trust, or Subchapter S corporation for United States federal income tax purposes; or EFTA01395655 is a partnership, grantor trust, or Subchapter S corporation for Unit
anager or any Affiliate of the foregoing. (v) Partnership Counsel Does Not Represent the Investors. The Investor understands and acknowledges that Cleary Gottlieb Steen & Hamilton LLP ("Cleary Gottlieb") acts as U.S. counsel only for the Partnership, Glendower Access Secondary Opportunities IV (International), L.P. (the "Feeder
treatment of the Partnership as an entity subject to corporate income tax. The Investor either: (1) (2) is not a partnership, grantor trust, or Subchapter S corporation for United States federal income tax purposes; or EFTA01396683 is a partnership, grantor trust, or Subchapter S corporation for Unit
anager or any Affiliate of the foregoing. (v) Partnership Counsel Does Not Represent the Investors. The Investor understands and acknowledges that Cleary Gottlieb Steen & Hamilton LLP ("Cleary Gottlieb") acts as U.S. counsel only for the Partnership, Glendower Access Secondary Opportunities IV (International), L.P. (the "Feeder
treatment of the Partnership as an entity subject to corporate income tax. The Investor either: (1) (2) is not a partnership, grantor trust, or Subchapter S corporation for United States federal income tax purposes; or EFTA01397356 is a partnership, grantor trust, or Subchapter S corporation for Unit
Entities connected to both Cleary Gottlieb Steen & Hamilton LLP and Subchapter S

Cayman Islands
LOCATIONCalder
ORGANIZATION
Marla Maples
PERSONCleary Gottlieb
ORGANIZATION
United States
LOCATIONGlendower
LOCATIONthe U.S. Treasury Regulations
ORGANIZATIONGlendower Capital
ORGANIZATIONU.S. Internal Revenue Service
ORGANIZATIONInstitutional Capital Network, Inc.
ORGANIZATIONiCapital Advisors
ORGANIZATIONThe Placement Fee
ORGANIZATIONiCapital
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United Kingdom
LOCATIONKeogh
ORGANIZATIONthe District of Columbia
LOCATIONGlendower Access Secondary Opportunities IV GP
ORGANIZATIONthe Private Placement Memorandum
ORGANIZATION
Samantha Power
PERSONSmall Business Investment Company
ORGANIZATION