he aggregate Commitments Investor A qualified prospective investor in the Fund IRS The U.S. Internal Revenue Service Kcy Persons Charles Smith. Carlo Pirzio.Biroh. Adam Graev and Chi Cheung (and their replacements). LIBOR London Interbank Offered Rate. Limited Partner A limited partner of the Fund LP

he aggregate Commitments Investor A qualified prospective investor in the Fund IRS The U.S. Internal Revenue Service Key Persons Charles Smith. Carlo Pirzio.Biroh. Adam Graev and Chi Cheung (and their replacements). LIBOR London Interbank Offered Rate. Limited Partner A limited partner of the Fund LP

he aggregate Commitments Investor A qualified prospective investor in the Fund IRS The U.S. Internal Revenue Service Key Persons Charles Smith. Carlo Pirzio.Biroh. Adam Graev and Chi Cheung (and their replacements). LIBOR London Interbank Offered Rate. Limited Partner A limited partner of the Fund LP

he aggregate Commitments Investor A qualified prospective investor in the Fund IRS The U.S. Internal Revenue Service Key Persons Charles Smith. Carlo Pirzio.Biroh. Adam Graev and Chi Cheung (and their replacements). LIBOR London Interbank Offered Rate. Limited Partner A limited partner of the Fund LP

he aggregate Commitments Investor A qualified prospective investor in the Fund IRS The U.S. Internal Revenue Service Key Persons Charles Smith. Carlo Pirzio.Biroh. Adam Graev and Chi Cheung (and their replacements). LIBOR London Interbank Offered Rate. Limited Partner A limited partner of the Fund LP

rior to the formation of Glendower. when the team were employees of Deutsche Bank In evaluating the track record. each Recipient should note that 0) Carlo Pirzio-Efircri and Charles Smith have been permanent voting rnembers of the SOP Funds investment comnettees since inception: (ii) Chi Cheung. Francesco Rig