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st performance of the SOF Funds is ricl a prediction of their future performance or that ci the Fund Carlo Pyre-Both, Charles Soneh. Chi Cheung and Deirdre Davies hove worked together since 2003 Adam Greer became part of the SOF Team in 2607 and Joshua Glaser in 2013 rt Source G‘onocnyer Capitals proprietary
Deutsche Bank cdleagues in the transactions that comnbuted to the disposition of Deutsche Bank's proprietary pnvate equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked in Si such transactions and the efforts described in this Memorandum in respect of the proprietary private &Key restructunng
Past performance of the SOF Funds is net a prediction of their future performance or that ci the Fund Carlo Pato-Buck Charles Smith. Ch airing and Deirdre Davies have worked together since 2003 Adam Greer became part of the SOF Team in 2607 and Joshua Glaser in 2013 rt Source Glendower Captors proprietary i
Deutsche Bank cdleagues in the transactions that comnbuted to the dispassion of Deutsche Bank's proprietary pnvate equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked in all such transactions and the efforts described In Mrs Memorandum in respect of the proprietary private ochry restructunng
Past performance of the SOF Funds is net a prediction of their future performance or that d the Fund Carlo Pero-Bach, Charles Smith. Ch Cheung and Deirdre Davies have worked together since 2003 Adam Greer became part or the SOF Team in 2607 and Joshua Glaser in 2013 rt Source Glendower Camas mower,' informa
Deutsche Bank cdleagues in the Bansactiors that contributed to the dispassion of Deutsche Bank's proprietary pnvate equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked in Si such transactions and the extorts described in this Memorandum in respect of the proprietary private &hey restructunng
st performance of the SOF Funds is rot a prediction of their future performance or that ci the Fund Carlo Prziciairdi, Charles Smith. Ch Cheung and Deirdre Davies have worked together since 2003 Adam Grater Name part of the SOF Team in 2007 and Joshua Glaser in 2013 rt Source Glendower Capitals proprietary i
r Deutsche Bank cdleagues in the Bansactiors that comnbuted to the dispassion ci Deutsche Bank's proprietary pnvate equity portobo Charles Smith and Carlo Pirao.Broli were not invoked In an such transactions and the efforts described in this Memorandum in respect of the proprietary private terry restructunng
Past perthimance of the SOF Funds is net a prediction of their future performance or that d the Fund Carlo Pero-Buck Charles Soneh. Chi gifting and Deirdre Davies have waked together since 2003 Adam Greer became part of the SOF Team in 2007 and Joshua Glaser in 2013 rt Source Glendower Capitals proprietary i
utsche Bank cdleagues in the transactions that contributed to the dispassion or Deutsche Bank's proprietary private equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked in Si such transactions and the effects described in this Merncrandum in respect or the proprietary private &hey restructunng
ion Past perthimance of the SOF Funds a rot a prediction of their Mule performance or that ci the Fund Carla Pero-Bock Charles Smith. Ch Cheung and Deirdre Davies twee waked together since 2003 Adam Grater Name part of the SOF Team in 2007 and Joshua Glaser in 2013 rt Source Glendower Cantata proprietary inf
sche Bank cdleagues in the trans.actions that contributed to the disposition or Deutsche Bank's proprietary private equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked In all sum transactions and the efforts described in this Parnorandum in respect of the proprietary private equity restructun
on Past pee: mane of the SOF Funds is not a prediction of their future cert.:mance or that d the Fund Carlo Pero-Buck Charles Sough. Ch gifting and Deirdre Davies have waked together since 2003 Adam Greer Wane part of the SOF Team in 2607 and Joshua Glaser in 2013 rt Source Glendower Capitals proprietary inf
utsche Bank cdleagues in the Bansactiors that contributed to the disposition or Deutsche Bank's proprietary private equity port:ow Charles Smith and Carlo Pirao.Broli were not invoked in an sum transactions and the efforts described in this Memorandum in respect or the proprietary private equty restructunng
Past performance of the SOF Funds is nct a prediction of their future performance or that d the Fund Carlo Pero-Birth, Charles Smith. Ch Cheung and Deirdre Davies have worked together since 2003 Adam Grater Name part of the SOF Team in 2007 and Joshua Glaser in 2013 rt Source Glendower Captors proprietary in
Deutsche Bank cdleagues in the transactions that comnbuted to the dispassion of Deutsche Bank's proprietary pnvate equity pordobo Charles Smith and Carlo Pirao.Broli were not invoked In Si sum transactions and the efforts described In the Merncrandum in respect of the proprietary private equty restructunng
Past performance of the SOF Funds is net a prediction of their future performance or that d the Fund Carlo Pero-Beck Charles Soneh. Chi Cheung and Deirdre Davies have waked together since 2003 Adam Greer Name part of the SOF Team in 2007 and Joshua Glaser in 2013 rt Source Glendower Capers proprietary infor
eutsche Bank cdleagues in the transactions that comnbuted to the disposition or Deutsche Bank's proprietary private equity pordobo Charles Smith and Carlo Pirao.Broll were not invoked In tit sum transactions and the eels described in this Memorandum in respect or the proprietary private &Key restructunng ate
Entities connected to both Deirdre Davies and Carlo Pirao

Prince Charles
PERSONCharles Smith
PERSON
Deutsche Bank
ORGANIZATIONGlendower Capital
ORGANIZATIONJoshua Glaser
PERSONChi Cheung
PERSONthe SOF Team
ORGANIZATIONInternal Rate of Return
ORGANIZATIONthe SOF Program
ORGANIZATIONSOF H
ORGANIZATION
Josh Brolin
PERSONAdam Greer
PERSONCarlo Pirtioaroli
PERSONMerncrandum
LOCATIONCh Cheung
PERSONAdam Grater Name
PERSONBansactiors
PERSONcalculfte Net RR
ORGANIZATION