GLDUS140 Lawrence Hirsch Glendov.er Capital Secondary Opportunities Fund III, LP Section 9: Certain Legal, ERISA and Tax Considerations Confidential Private Placement Memorandum 70 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 100676 CONFIDENTIAL SDNY_GM_00246860 EFTA01394643