GLOUS126 Pacific Life Insurance Co Proprietary and Confidential Information will not become publicly available as a result of such Limited Partner's rights to access or receive such P

GLDLIS126 Pacific Life Insurance Co unpaid portion of such Limited Partner's Subscription. Failure to pay any applicable Transfer Expenses will be considered a default under the Part

GLDLIS126 Pacific Life Insurance Co a number of instances in recent years in which pooled investment vehicles investing in third-party fluids have incurred substantial losses due to s

GLDLIS126 Pacific Life Insurance Co entity. directly or indirectly, in the Underlying Fund, to the extent practicable. In particular, the General Partner or the Investment Manager wi

GLDLIS126 Pacific Life Insurance Co This confidential private placement memorandum (as amended or supplemented from time to time. this "Memorandum') is furnished on a confidential bas

GLDLIS126 Pacific Life Insurance Co to predict whether, or to what extent, any changes in the Code or interpretations thereof will occur. Prospective Limited Partners should note that

GLDLIS126 Pacific Life Insurance Co Partner multiplied by the Subscription of such Limited Partner. After the end of the "investment period" of the Underlying Fund, through the secon

GLOUS126 Pacific Life Insurance Co options) markets. Similar changes are in the process of being adopted in the European Union. Japan, and other major financial markets. These chang

GLDLIS126 Pacific Life Insurance Co Raymond James and the other the Placement Agents having additional conflicts of interest with respect to the purchase of Interests by Investors. Ris

GLDLIS126 Pacific Life Insurance Co preferred dividends are attributable to periods totaling less than 367 days, the 60 day holding period discussed herein applies. A dividend is not

GLDLIS126 Pacific Life Insurance Co (h) Full Contribution. The Investor understands that, except as otherwise provided in the Partnership Agreement, the Investor may not make less than

GLDLIS126 Pacific Life Insurance Co Partner may, in its sole discretion, choose not to commit up to 10% of the Limited Partners' subscriptions to the Partnership for investment into t

GLOUS126 Pacific Life Insurance Co If the Plan Investor answered "Yes" to any of the foregoing questions in this Exhibit E, please contact the General Partner immediately. 5. The P

ility to meet contractual and fiduciary commitments to clients and has not been the subject of a bankruptcy proceeding 28 EFTA01396315 GLDUS126 Pacific Life Insurance Co FORM ADV PART 2B: Brochure Supplement 60 East 42nd iCapital Advisors, LLC Street, 26th New York, NY 10165 Floor March 30, 2018 This Brochure

the Underlying Fund after deduction of such fees and expenses would be lower than the gross performance reflected in this EFTA01396747 GLDUS126 Pacific Life Insurance Co GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. 3 IMPORTANT INFORMATION CONTINUED Presentation. Further, investors in the Access Fund wil

a, Slovenia, Spain, Sweden and the United Kingdom of Great Britain and Northern Ireland. Proprietary and Confidential 49 EFTA01396425 GLDUS126 Pacific Life Insurance Co return in respect of such investment, the composition of the ERISA Plan's portfolio, the liquidity and current return of the total portfolio relat