GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund N. LP Subsequent Closing Limited Partners admitted to the Fund at a Closing subsequent to the First Closing. Partner Team Investment The investment in the Fund by certain individuals that are partners or employees of the Manager and Glendower U.S. Total Value Represents realized proceeds and unrealized value as of the stated date. TVPI or Net Multiple Total Value to Paid-in Capital. U.S. The United States of America. U.S. Adviser Glendower Capital (U.S.). LLC, a Delaware limited liability company. U.S. IGA The Model 1 intergovernmental agreement entered into between the UK and the U.S. UBTI As defined in Section 9: Certain Legal, ERISA and Tax Considerations. UK The United Kingdom. UK AIFM Regulation The Alternative Investment Fund Managers Regulations 2013 (2013 No. 1773). UK FATCA Legislation As defined in Section 9: Certain Legal, ERISA and Tax Considerations. USRPHCs As defined in Section 9: Certain Legal. ER/SA and Tax Considerations. UTR As defined in Section 9: Certain Legal. ESA and Tax Considerations. Valuation Committee The valuation committee established by the Manager. wlthholdabie As defined in Section 9: Certain Legal, ERJSA and Tax Considerations. payments Confidential Private Placement Memorandum 107 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 100280 CONFIDENTIAL SDNY_GM_00246464 EFTA01394282