EFTA Document EFTA01392438

GLDUS1 28 Patrick Gerschel Scotian 8: Summery of Terms end Conditions Glendower Capital Secondary Opportunities Fund IV. LP Feeder Fund's Invested Capital"), and (iii) for each successive year thereafter, until the last day of the term (including any extension thereof), the lesser of (a) 90% of the General Partner's Share attributable to each Limited Partner or such Feeder Fund investor, for the immediately preceding year (but not less than 0.25% of the Invested Capital of such Limited P