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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
s interests in the Partnership, and (z) permitting the Partnership to satisfy the 100-partner limitation set forth in Section 1.7704-1(h)(1)(ii) of the U.S. Treasury Regulations is not a principal purpose of any beneficial owner of the Sole Owner, or of any person authorized to act on the Sole Owner's behalf, for using the
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
s interests in the Partnership, and (z) permitting the Partnership to satisfy the 100-partner limitation set forth in Section 1.7704-1(h)(1)(ii) of the U.S. Treasury Regulations is not a principal purpose of any beneficial owner of the Sole Owner, or of any person authorized to act on the Sole Owner's behalf, for using the
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
s interests in the Partnership, and (z) permitting the Partnership to satisfy the 100-partner limitation set forth in Section 1.7704-1(h)(1)(ii) of the U.S. Treasury Regulations is not a principal purpose of any beneficial owner of the Sole Owner, or of any person authorized to act on the Sole Owner's behalf, for using the
Entities connected to both Cleary Gottlieb Steen & Hamilton LLP and the U.S. Treasury Regulations

Cayman Islands
LOCATION
Marla Maples
PERSONCalder
ORGANIZATIONCleary Gottlieb
ORGANIZATION
United States
LOCATIONGlendower
LOCATIONSubchapter S
ORGANIZATIONGlendower Capital
ORGANIZATIONKeogh
ORGANIZATIONInstitutional Capital Network, Inc.
ORGANIZATIONThe Placement Fee
ORGANIZATION
United Kingdom
LOCATIONiCapital Advisors
ORGANIZATIONU.S. Internal Revenue Service
ORGANIZATIONiCapital
ORGANIZATIONGlendower Access Secondary Opportunities IV GP
ORGANIZATIONthe Private Placement Memorandum
ORGANIZATIONthe District of Columbia
LOCATIONthe "Investment Company Act
ORGANIZATION
Samantha Power
PERSON