Epstein File EFTA01386728: Memorandum (DS10)

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Epstein File EFTA01386728: Memorandum (DS10)

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This document is a supplement to a confidential private placement memorandum dated January 2018 for Glendower Access Secondary Opportunities, managed by Southern Financial LLC. The supplement is marked proprietary and confidential and is directed at potential investors considering the purchase of limited partnership interests in the Access Fund to review in conjunction with the primary memorandum.

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Excerpt 1

GLDUS238 SOUTHERN FINANCIAL LLC Proprietary and Confidential - Supplement to the Confidential Private Placement **Memorandum** GLENDOWER ACCESS SECONDARY OPPORTUNITIES

Excerpt 2

dated January 2018 (the "**Memorandum**") relating to the offering of limited partnership interests (the "Interests") in Glendower Access Secondary Opportunities

Excerpt 3

Potential investors considering the purchase of Interests in the Access Fund should carefully review this Supplement and the **Memorandum**.