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ry of UBS Americas, is registered as a broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the "1934 Act") and is a member of the New York Stock Exchange, Inc. and other principal securities exchanges. The offices of the Administrator are located at 1285 Avenue of the Americas, New York, New York 100
ctions, as well as in certain non-U.S. jurisdictions, in which the AlphaKeys Fund or the Underlying Fund conducts or is deemed to conduct business. Bank Holding Company Act Considerations The Member Designee is, for purposes of the BI-IC Act, a subsidiary of UBS AG, which is subject to supervision and regulation by the Federal Reserv
of UBS Americas, is registered as a broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the "1934 act"), and is a member of the New York Stock Exchange, Inc. and other principal securities exchanges. The offices of the Administrator are located at 1285 Avenue of the Americas, New York, New York 10
A" and "Certain Tax Matters Relating to the Master Partnership" in Part One of the Underlying Fund Memorandum and "TAX ASPECTS" in this Memorandum. Bank Holding Company Act Considerations. The Administrator is, for purposes of the BHC Act, a subsidiary of UBS AG, which is subject to supervision and regulation by the Federal Reserve.
of UBS Americas, is registered as a broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the "1934 act"), and is a member of the New York Stock Exchange, Inc. and other principal securities exchanges. The offices of the Administrator are located at 1285 Avenue of the Americas, New York, New York 10
A" and "Certain Tax Matters Relating to the Master Partnership" in Part One of the Underlying Fund Memorandum and "TAX ASPECTS" in this Memorandum. Bank Holding Company Act Considerations. The Administrator is, for purposes of the BHC Act, a subsidiary of UBS AG, which is subject to supervision and regulation by the Federal Reserve.
Entities connected to both the New York Stock Exchange and Bank Holding Company Act Considerations

United States
LOCATION
New York
LOCATION
Ghislaine Maxwell
PERSON
the Internal Revenue Service
ORGANIZATION
U.S. Treasury
ORGANIZATION
Federal Reserve
ORGANIZATIONCayman
LOCATIONClasses of Interests
ORGANIZATIONthe District of Columbia
LOCATION
UBS AG
ORGANIZATIONthe U.S. Investment Company Act
ORGANIZATIONNo Assurance of Investment Return
ORGANIZATION
the Cayman Islands
LOCATION
Paul Volcker
PERSONErnst & Young LLP
ORGANIZATIONthe Federal Reserve System
ORGANIZATIONthe Underlying Fund Management Fee
ORGANIZATIONthe Investor Application
ORGANIZATION
Millennium
ORGANIZATION
Philadelphia
LOCATION