REPS

Absence of Investment Company Act

the General Partner

G20

the Anti-Tax Avoidance Directives

Anti-Tax Avoidance Directives

OECD

the 'Investment Company Act

the European Council

Base Erosion

Fund

Investors

The Organization for Economic Co-operation and

the Investment Company Act

the U.S. Investment Company Act

BEPS

Confidential Private Placement

Confidential Prnrate Placement

SOUTHERN FINANCIAL LLC Section 7: Risk Factors Glendower Capital Secondary Opportunities Fund IV

Sony