Epstein Secrets

the Underlying Fund will not be Note: DBSI also acts as placement agent for the Underlying Fund and will receive related marketing fees. Please see the Private Placement Memorandum of the Access Fund for further information. Neither Glendower Capital, LLP nor iCapital Advisors, LLC are affiliated with DBSI. IMPORTANT INFORMA

. (the "Underlying Fund"). ACCESS & UNDERLYING FUND TERMS ACCESS FUND GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. GENERAL PARTNER Glendower Access Secondary Opportunities IV GP, LLC INVESTMENT MANAGER iCapital Advisors, LLC STRUCTURE Delaware Limited Partnership STRATEGY The Access Fund will invest substantially all of

ndower Access Secondary Opportunities IV GP LLC 60 East 42nd Street, 26th Floor New York, NY 10165 Ladies and Gentlemen: Reference is made to (i) the Private Placement Memorandum, dated January, 2018 (such Private Placement Memorandum, together with any supplements and appendices thereto delivered to the undersigned being

y Act, after giving effect to the transactions contemplated in the Partnership Agreement. 6 Power of Attorney. (a) The Investor hereby appoints Glendower Access Secondary Opportunities IV GP LLC (the "General Partner") and iCapital Advisors, LLC (and any substitute or successor thereto) (the "Investment Manager") as its true and lawful

the Underlying Fund will not be Note: DBSI also acts as placement agent for the Underlying Fund and will receive related marketing fees. Please see the Private Placement Memorandum of the Access Fund for further information. Neither Glendower Capital, LLP nor iCapital Advisors, LLC are affiliated with DBSI. IMPORTANT INFORMA

. (the "Underlying Fund"). ACCESS & UNDERLYING FUND TERMS ACCESS FUND GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. GENERAL PARTNER Glendower Access Secondary Opportunities IV GP, LLC INVESTMENT MANAGER iCapital Advisors, LLC STRUCTURE Delaware Limited Partnership STRATEGY The Access Fund will invest substantially all of

the Underlying Fund will not be Note: DBSI also acts as placement agent for the Underlying Fund and will receive related marketing fees. Please see the Private Placement Memorandum of the Access Fund for further information. Neither Glendower Capital, LLP nor iCapital Advisors, LLC are affiliated with DBSI. IMPORTANT INFORMA

. (the "Underlying Fund"). ACCESS & UNDERLYING FUND TERMS ACCESS FUND GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. GENERAL PARTNER Glendower Access Secondary Opportunities IV GP, LLC INVESTMENT MANAGER iCapital Advisors, LLC STRUCTURE Delaware Limited Partnership STRATEGY The Access Fund will invest substantially all of

the Underlying Fund will not be Note: DBSI also acts as placement agent for the Underlying Fund and will receive related marketing fees. Please see the Private Placement Memorandum of the Access Fund for further information. Neither Glendower Capital, LLP nor iCapital Advisors, LLC are affiliated with DBSI. IMPORTANT INFORMA

. (the "Underlying Fund"). ACCESS & UNDERLYING FUND TERMS ACCESS FUND GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. GENERAL PARTNER Glendower Access Secondary Opportunities IV GP, LLC INVESTMENT MANAGER iCapital Advisors, LLC STRUCTURE Delaware Limited Partnership STRATEGY The Access Fund will invest substantially all of

ndower Access Secondary Opportunities IV GP LLC 60 East 42nd Street, 26th Floor New York, NY 10165 Ladies and Gentlemen: Reference is made to (i) the Private Placement Memorandum, dated January, 2018 (such Private Placement Memorandum, together with any supplements and appendices thereto delivered to the undersigned being

y Act, after giving effect to the transactions contemplated in the Partnership Agreement. 6 Power of Attorney. (a) The Investor hereby appoints Glendower Access Secondary Opportunities IV GP LLC (the "General Partner") and iCapital Advisors, LLC (and any substitute or successor thereto) (the "Investment Manager") as its true and lawful

ndower Access Secondary Opportunities IV GP LLC 60 East 42nd Street, 26th Floor New York, NY 10165 Ladies and Gentlemen: Reference is made to (i) the Private Placement Memorandum, dated January, 2018 (such Private Placement Memorandum, together with any supplements and appendices thereto delivered to the undersigned being

y Act, after giving effect to the transactions contemplated in the Partnership Agreement. 6 Power of Attorney. (a) The Investor hereby appoints Glendower Access Secondary Opportunities IV GP LLC (the "General Partner") and iCapital Advisors, LLC (and any substitute or successor thereto) (the "Investment Manager") as its true and lawful

398148 Greg Martin Summary of Key Terms This is a summary of terms only. This summary of the Access Fund's terms is qualified in its entirety by the Private Placement Memorandum of the Access Fund, as may be amended and restated or supplemented from time to time, and the Amended and Restated Limited Partnership Agreement o

pital The greater of 90% of previous year and 0.25% of Invested Capital 5 4 Access Fund* Glendower Access Secondary Opportunities IV (U.S.), LP Glendower Access Secondary Opportunities IV GP, LLC iCapital Advisors, LLC Delaware Limited Partnership The Access Fund will invest substantially all of its investable assets into the Underly

ic Life Insurance Co Summary of Key Terms This is a summary of terms only. This summary of the Access Fund's terms is qualified in its entirety by the Private Placement Memorandum of the Access Fund, as may be amended and restated or supplemented from time to time, and the Amended and Restated Limited Partnership Agreement o

pital The greater of 90% of previous year and 0.25% of Invested Capital 5 4 Access Fund* Glendower Access Secondary Opportunities IV (U.S.), LP Glendower Access Secondary Opportunities IV GP, LLC iCapital Advisors, LLC Delaware Limited Partnership The Access Fund will invest substantially all of its investable assets into the Underly

27 Annandale Capital Summary of Key Terms This is a summary of terms only. This summary of the Access Fund's terms is qualified in its entirety by the Private Placement Memorandum of the Access Fund, as may be amended and restated or supplemented from time to time, and the Amended and Restated Limited Partnership Agreement o

pital The greater of 90% of previous year and 0.25% of Invested Capital 5 4 Access Fund* Glendower Access Secondary Opportunities IV (U.S.), LP Glendower Access Secondary Opportunities IV GP, LLC iCapital Advisors, LLC Delaware Limited Partnership The Access Fund will invest substantially all of its investable assets into the Underly