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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
applicable to the Investor and makes each of the representations set forth therein and such representations are true and correct in all respects. No Need for Liquidity. The Investor has no need for liquidity in connection with its purchase of the Interest, and is able to bear the risk of loss of its entire invest
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
applicable to the Investor and makes each of the representations set forth therein and such representations are true and correct in all respects. No Need for Liquidity. The Investor has no need for liquidity in connection with its purchase of the Interest, and is able to bear the risk of loss of its entire invest
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
applicable to the Investor and makes each of the representations set forth therein and such representations are true and correct in all respects. No Need for Liquidity. The Investor has no need for liquidity in connection with its purchase of the Interest, and is able to bear the risk of loss of its entire invest
Entities connected to both Cleary Gottlieb Steen & Hamilton LLP and No Need for Liquidity

Cayman Islands
LOCATIONCalder
ORGANIZATION
Marla Maples
PERSONGlendower
LOCATION
United States
LOCATIONGlendower Capital
ORGANIZATIONInstitutional Capital Network, Inc.
ORGANIZATIONU.S. Internal Revenue Service
ORGANIZATIONThe Placement Fee
ORGANIZATIONiCapital
ORGANIZATION
United Kingdom
LOCATIONKeogh
ORGANIZATIONiCapital Advisors
ORGANIZATIONthe Private Placement Memorandum
ORGANIZATIONGlendower Access Secondary Opportunities IV GP
ORGANIZATIONthe U.S. Treasury Regulations
ORGANIZATION
Samantha Power
PERSON
U.S. Treasury
ORGANIZATION
Department of Labor
ORGANIZATIONSubchapter S
ORGANIZATION