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pital. is typically a percentage of the net asset value an investor has in applicable iCapital Private Access Funds. Further, iCapital's affiliate. Institutional Capital Network, Inc., has committed to an annual marketing spend with Fidelity through which it will promote the iCapital network to Fidelity's platform of registered i

GLDUS130 Aspen Grove Capital. LLC iCapital Advisors, LLC Form ADV Part 2A referred Investor's investment in a Fund, in which case such payment will be made by iCapital Securi

condary Opportunities IV (U.S.), L.P. as of the date first above written. GENERAL PARTNER: Glendower Access Secondary Opportunities IV GP LLC By: Institutional Capital Network, Inc., its sole member By: Name: —11400.AA5 f O eT t tJ Title: c c.) LIMITED PARTNERS: By: iCapital Advisors, LLC By: Institutional Capital Network,

GLDUS130 Aspen Grove Capital, LLC Proprietary and Confidential IN WITNESS WHEREOF, the undersigned have executed this Amended and Restated Limited Partnership Agreement of Gle

ement 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-0098790 CONF

GLDUS130 Aspen Grove Capital, LLC referenced. Neither Glendower nor the Underlying Fund is responsible for updating any information provided in this Memorandum. The minimum su

anager, is typically a percentage of the net asset value an investor has in applicable iCapital Funds. Further, the Investment Manager's affiliate, Institutional Capital Network, Inc., has committed to an annual marketing spend with Fidelity through which it will promote the iCapital network to Fidelity's platform of registered in

GLDUS130 Aspen Grove Capital, LLC Fidelity Relationship The Investment Manager has entered into collaboration and services agreements with Fidelity Brokerage Services LLC and N