Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 368 THE ILPA PRIVATE EQUITY INVESTMENT CERTIFICATE In 2016, the ILPA established The ILPA Private Equity Investment Certificate (PEIC). This certificate is granted to individuals that have participated in the entire ILPA Institute course curriculum, including Level I and Level II Modules 1-5*. Upon completion of all the ILPA Institute courses, participants are presented with the ILPA Private Equity Investment Certificate, which can then be added to an individual’s CV and online professional profiles. * Level I is optional for those that meet the pre-requisites for Level II and the Specialty Series courses are discretionary. ILPA PRIVATE EQUITY INVESTMENT CERTIFICATE THIS CERTIFIES THAT Wells Adams HAS SUCCESSFULLY COMPLETED THE ILPA INSTITUTE PROGRAM* July 26, 2016 * LEVEL I, LEVEL II MODULES 1, 2, 3, 4, 5 Tanya Carmichael, Chairman Institutional Limited Partners Association Peter Freire, CEO Institutional Limited Partners Association Nancy Hizaka-Vilardo Institutional Limited Partners Association