Hi Chris,
HASP4 being our legacy product, there are no further enhancements.
The License Manager version used by you is the latest one only (after that there is no release).
As this is not supported on Windows Server 2008 R2, may be because of this you are not getting complete folders.
Though, you may also try the steps suggested by us.
Please feel free to get back to us in case of any query.
Thanks,
Heena