action volumes." Secondary Opporlunmes Fund IL LP ('SOF al is a pool or capital dedicated to the secondary market that held cs first closing m 2011 Secondary Opportunities Fund III. LP CSOF If fa a pod or capcal decicated to the secondary market that held it first and Mal closing in 2014 Past performance is not a predictor, of

und (U.S.), L.P., 6200 Hollywood Blvd. North, Dislocation Opportunities Access Fund (U.S.), Dislocation Opportunities Access Fund (International), Secondary Opportunities Fund III Private Client Feeder Fund (U.S.), L.P., Apollo Credit Select Access Fund (International), L.P., BEP Private Investors II GP, Ltd., BEP Private I

und (U.S.), L.P., 6200 Hollywood Blvd. North, Dislocation Opportunities Access Fund (U.S.), Dislocation Opportunities Access Fund (International), Secondary Opportunities Fund III Private Client Feeder Fund (U.S.), L.P., Apollo Credit Select Access Fund (International), L.P., BEP Private Investors II GP, Ltd., BEP Private I

und (U.S.), L.P., 6200 Hollywood Blvd. North, Dislocation Opportunities Access Fund (U.S.), Dislocation Opportunities Access Fund (International), Secondary Opportunities Fund III Private Client Feeder Fund (U.S.), L.P., Apollo Credit Select Access Fund (International), L.P., BEP Private Investors II GP, Ltd., BEP Private I

und (U.S.), L.P., 6200 Hollywood Blvd. North, Dislocation Opportunities Access Fund (U.S.), Dislocation Opportunities Access Fund (International), Secondary Opportunities Fund III Private Client Feeder Fund (U.S.), L.P., Apollo Credit Select Access Fund (International), L.P., BEP Private Investors II GP, Ltd., BEP Private I

und (U.S.), L.P., 6200 Hollywood Blvd. North, Dislocation Opportunities Access Fund (U.S.), Dislocation Opportunities Access Fund (International), Secondary Opportunities Fund III Private Client Feeder Fund (U.S.), L.P., Apollo Credit Select Access Fund (International), L.P., BEP Private Investors II GP, Ltd., BEP Private I

the "Offshore Feeder Fund" and, together with the Onshore Feeder Fund, the "Feeder Funds) and the summary of terms (the "Master Fund Term Sheet) of Secondary Opportunities Fund III, LP (together with its parallel investment finds and alternative investment funds, if applicable, the "Master Fund') in the attached Confidential P

om or elsewhere, including interest and penalties thereon. 1.2 Name and Registered Principal Place of Business. (a) Name. The name of the Fund is Secondary Opportunities Fund III, LP. (b) Principal Place of Business. The initial principal place of business of the Fund in England was Winchester House, 1 Great Winchester Stre

t Period Thereafter through the end of the Fund tern' Carried interest Subsequent Closing Fee (if not first close) First Close Fee Break Fund Secondary Opportunities Fund III. LP English Limited Partnership Invest in private equity assets on the secondary market globally S5 million $1 billion 7 years from the date of