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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 CO an annual marketing spend with Fidelity through which it will promote the iCapital network to Fidelity's platform of registered i

iCapital Advisors, LLC GLDUS140 Lawrence Hirsch Form ADV Part 2A referred Investor's investment in a Fund, in which case such payment will be made by iCapital Securities. In respect of any Inve

The Gen II relationship will be managed by several iCapital executives. BNY Capital Corporation ("BNY") BNY holds a minority ownership interest in Institutional Capital Network, Inc., the parent company of iCapital. Certain of the Funds hold cash in accounts at BNY and utilize BNY administrative services. This relationship may c

iCapital Advisors, LLC GLDUS140 Lawrence Hirsch Form ADV Part 2A Funds. The Gen II relationship will be managed by several iCapital executives. BNY Capital Corporation ("BNY") BNY holds a minor

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,

GL0US140 Lawrence Hirsch Proprietary and Confidential IN WITNESS WHEREOF, the undersigned have executed this Amended and Restated Limited Partnership Agreement of Glendowe

ement between the recipient and the General Partner or Investment Manager, if any. For additional information, please contact: Investor Relations Institutional Capital Network, Inc. Proprietary• and Confidential -vi- CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0100534 CONFIDENTIAL SDNY GM_00246718 EFTA01394514

GLDUS140 Lawrence Hirsch referenced. Neither Glendower nor the Underlying Fund is responsible for updating any information provided in this Memorandum. The minimum subscri

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

GLDUS140 Lawrence Hirsch Fidelity Relationship The Investment Manager has entered into collaboration and services agreements with Fidelity Brokerage Services LLC and Nation

nterest set forth next to the Limited Partner's signature above. Net Amount of Interest: $ Glendower Access Secondary Opportunities IV GP LLC By: Institutional Capital Network, Inc., its sole member By: Name: Title: PROPRIETARY AND CONFIDENTIAL 27 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0100752 CONFIDENTI

GLDUS140 Lawrence Hirsch GENERAL PARTNER SIGNATURE PAGE Investors should skip this page. The General Partner for and on behalf of the Partnership hereby accepts the forego

GLDUS140 Lawrence Hirsch Exhibit 1' Institutional Capital Network, Inc. and its affiliates, iCapital Advisors, LLC and iCapital Securities, LLC NOTICE REGARDING PRIVACY OF FINANCIAL INFORMATION Pursuant to Regulation P

GLDUS140 Lawrence Hirsch Exhibit 1' Institutional Capital Network, Inc. and its affiliates, iCapital Advisors, LLC and iCapital Securities, LLC NOTICE REGARDING PRIVACY O