Secondary Opportunities Fund
III Private Client Feeder Fund (
the Onshore Feeder Fund's
Secondary Opportunities Fund III Private Client Feeder Fund
L.P.
Private Placement of Limited Partnership Interests
the Second Master Fund General Partner
Leonardo Secondary Opportunities
Fund III
the Master Fund General Partner
the "Master Fund Offering
Leonardo Secondary Opportunities Fund III
L.P.
Secondary Opportunities Fund Ill Private
Client Feeder Fund (International
Deutsche Alternative Asset Management (Global) Limited
the Offshore Feeder Fund's
Deutsche Bank's Asset & Wealth Management
the Confidential Private Placement
Memorandum of