GLOUS133 Georgetown University Endowment SOF IV - Master Fund Key Terms Same key terms as SOF III with an increased team commitment The Fund Target Size Structure Investment Period Term Minimum Commitment Team Commitment General Partner Share Carried Interest Hurdle Rate Clawback Glendower Capital Secondary Opportunities Fund IV, LP USS1.75 billion (US$2.5 billion hard cap) English private fund limited partnership 4 years from final closing 7 years from final closing plus up to 5 one-year extensions (the first three one-year extensions being at the discretion of Glendower and the final two one-year extensions requiring the consent of the SOF IV advisory committee) USS5 million Min of 1% of aggregate commitments 1.25% p.a. of commitments during Investment Period 1.00% p.a. of Invested Capital' for a period of 2 years after the Investment Period, thereafter greater of 90% of previous year and 0.25% 12.5% on a whole fund basis 8% (with 100% catch-up) Yes -ease read the confident-A private prawnent mernorandten of the Fin) the -Piteitiorarskirri") or the ail dated:wee of risk factors. conflicts of irketest. conyktte terms, aril regulatory and tali considerations of the Fund. For hither dratiosure of fees, such as lees and e.%erises pakl by the Fund. please refer to the Memorandum, the amended and restated limited partnership agreement and the deed of adherence of the Fund A dostenents are n the process of being orsparsrd and will be made available to prospectrw investors upon recrdest. 1) Invested Capital is the amount of capital invested in investments and the remaining unfunded obligations reasonably reserved by Glendower for such investments. Glendower Capital STRICTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0093900 CONFIDENTIAL SDNY_GM_00240084 EFTA01389541