EFTA Document EFTA01452038

SOF III - 1081 Southern Financial LLC Secondary Opportunities Fund III. LP Appendix 4 Key Definitions 25% Test As defined in Section 10: Certain Legal, ERISA and Tax Considerations Advance An amount equal to 99.99% of a Limited Partners Commitment which may be drawn down from time to time in the form of advances to the Fund. AIFMD The EU Alternative Investment Fund Managers Directive. Alternative Vehicle An alternative investment vehicle through which the Manager will have the right,