EFTA Document EFTA01393503

GLOLIS130 Aspen Grove Capital. LLC 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 conlident-A private plawnent memorandum ot tbka Fin) f the -MeitioraryAini") or the ful LIkseltAttre of risk factors. conflicts of inkerest. conykste terms, aryl regulatory and taY conskterations of Os* Fund. For hither dlisticssure of lees, such as lees and tN.%enses pakt by the Fund. please refer to the Memorandum, the amended aryl restated limited partnership agreement and the deed of adherence oi documents are tri the process of being papaw-I and will be made available to prospectrw investors upon re:Nest. 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-0099077 CONFIDENTIAL SDNY_GM_00245261 EFTA01393503