EFTA Document EFTA01451979

SOF III - 1081 Southern Financial LLC Section 7: Summary of Terms and Conditions Secondary Opportunities Fund Ill, LP Management and Employee Investors Closings Subsequent Closing Partners Drawdowns To the extent permitted by applicable law, certain individuals working for or with the private equity business of Deutsche Bank AG ("DB PE') or the Manager, as well as certain other employees of Deutsche Bank or its affiliates, may invest in the Fund, indirectly through one or more Feeder