EPSTEIN
page 7 / 657 . OCR, unverified
information. The delivery of this Memorandum does not imply that the information contained herein is correct
as of any date subsequent to the date on the cover hereof or, if earlier, the date when such information is
Proprietary• and Confidential
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0097116
CONFIDENTIAL
SDNY_GM_00243300
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GLOUS144 Glenn Warren
referenced. Neither Glendower nor the Underlying Fund is responsible for updating any information provided
in this Memorandum.
The minimum subscription for Interests is $250,000, although the General Partner may accept subscriptions to
the Access Fund for lesser amounts in its sole discretion. The distribution of this Memorandum and the offer
and sale of the Interests in certain jurisdictions may bc restricted by law. This Memorandum docs not constitute
an offer to sell or the solicitation of an offer to buy in any state or other jurisdiction to any person to whom it is
unlawful to make such offer or solicitation in such state or jurisdiction. Accordingly, the Interests may not be
offered or sold, directly or indirectly, and this Memorandum may not be distributed, in any jurisdiction, except
in accordance with the legal requirements applicable to such jurisdiction.
This Memorandum contains confidential, proprietary, trade secret, and other commercially sensitive
information and should be treated in a confidential manner. The acceptance of this document constitutes an
agreement to: (i) keep confidential all the information contained in this Memorandum and the Underlying Fund
PPM, as well as any information derived from the information contained in this Memorandum (collectively,
"Confidential Information') and not disclose any such Confidential Information to any other person, (ii) not
use any of the Confidential Information for any purpose other than to evaluate an investment in the Access Fund,
(iii) not use the Confidential Information for purposes of trading any security or other financial interests on the
basis of any such information and (iv) promptly return this Memorandum and any copies hereof to the General
Partner upon the General Partner's request, in each case subject to the confidentiality provisions more fully set
forth in this Memorandum and any written agreement between the recipient and the General Partner or
Investment Manager, if any.
For additional information, please contact:
Investor Relations
Institutional Capital Network, Inc.
(212) 994-7333
ird.icavitalnetwork.con
Proprietary• and Confidential
-vi-
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0097117
CONFIDENTIAL
SDNY_GM_00243301
EFTA01391977
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METADATA_SOURCE: IMAGES0060
METADATA_FILENAME: EFTA01391978.pdf
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GLOUS144 Glenn Warren
IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN
EXAMINATION OF THE ACCESS FUND AND THE TERMS OF THE OFFERING, INCLUDING THE
MERITS AND RISKS INVOLVED. THE INTERESTS HAVE NOT BEEN RECOMMENDED BY ANY
U.S. FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY.
FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY
OR DETERMINED THE ADEQUACY OF THIS MEMORANDUM. ANY REPRESENTATION TO
THE CONTRARY IS A CRIMINAL OFFENSE.
THIS MEMORANDUM SUPERSEDES ANY AND ALL TERM SHEETS, PITCH BOOKS,
PRELIMINARY INVESTMENT PROPOSALS OR ANY OTHER OFFERING LITERATURE
DELIVERED TO A PROSPECTIVE INVESTOR PRIOR TO THE DATE OF DELIVERY OF THIS
MEMORANDUM TO SUCH PROSPECTIVE INVESTOR IN CONNECTION WITH THIS OFFERING.
NO PERSON HAS BEEN AUTHORIZED IN CONNECTION WITH THIS OFFERING TO GIVE ANY
INFORMATION OR TO MAKE ANY REPRESENTATIONS OTHER THAN AS CONTAINED IN
THIS MEMORANDUM AND, IF GIVEN OR MADE. SUCH INFORMATION OR REPRESENTATION
MUST NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY THE ACCESS FUND, THE
GENERAL PARTNER, THE INVESTMENT MANAGER, GLENDOWER, OR ANY OF THEIR
AFFILIATES (OR ANY OF THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES,
MEMBERS, PARTNERS, SHAREHOLDERS OR AGENTS). ANY PURCHASE OF INTERESTS
MADE BY ANY INVESTOR ON THE BASIS OF INFORMATION OR REPRESENTATIONS NOT
CONTAINED HEREIN OR INCONSISTENT HEREWITH SHALL BE SOLELY AT THE RISK OF
SUCH INVESTOR.
EACH RECIPIENT OF THIS MEMORANDUM ACKNOWLEDGES THAT PROSPECTIVE LIMITED
PARTNERS IN THE UNDERLYING FUND HAVE RECEIVED CERTAIN MATERIALS PREPARED
BY GLENDOWER THAT MAY CONTAIN ADDITIONAL INFORMATION REGARDING THE
UNDERLYING FUND AND ITS PORTFOLIO, WHICH HAVE NOT BEEN INCLUDED IN THIS
MEMORANDUM. SUCH INFORMATION, HAD IT BEEN PROVIDED TO THE INVESTOR, MAY
HAVE BEEN MATERIAL TO THE INVESTOR'S DECISION WHETHER OR NOT TO INVEST IN
THE ACCESS FUND. BY ACCEPTING THIS MEMORANDUM, EACH INVESTOR AGREES TO
THE FOREGOING.
THE INTERESTS ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND