SOF III - 1081 Southern Financial LLC Secondary Opportunities Fund III. LP Net asset value The net asset value per unit or share of the AIF Art 19(3) N/A Depositary Any arrangement made by the depositary to contractually discharge itself of liability and any changes with respect to depositary liability Art 23(2) Section 10: Certain Legal. ERISA and Tax Considerations Delegation of functions of the depositary Art 21(11) Section 10: Certain Legal. ERISA and Tax Considerations Discharge of liability of the depositary for loss by a third party to whom custody of financial instruments has been delegated Art 21(14)(b) Section 10: Certain Legal, ERISA and Tax Considerations Provision in the contract with the depositary on the possibility of transfer and reuse of AIF assets Art 23(1Xo) N/A. Information about any transfer of liability to the prime broker that may exist Art 23(1Xo) N/A. Confidential Private Placement Memorandum 134 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0108363 CONFIDENTIAL SDNY_GM_00254547 EFTA01451642