Epstein Secrets

0001772 EFTA00237403 O2012 UBS Finanoal Services Inc All Rights Reserved. Member SIPC 110106-2698-001 UBS Finandal SeMud Inc. is a subsidiary of UBS AG. 4$3314§8-MAXWELL CONFIDENTIAL UBSTERRAMAR00001773 EFTA00237404

or (d) of the Small Business Investment Act; or (h) The Undersigned is a "business development company" as defined in Section 2(aX48) of the Investment Company Act or a 'business development company' defined in Section 202(aX22) of the Investment Advisers Act. Note for Accredited Investor Status: • T

he Administrator is an indirect, wholly owned subsidiary of UBS Americas, Inc. (the "UBS Americas") which, in turn, is a wholly owned subsidiary of UBS AG (together with its affiliates, "UK") a Swiss bank. UBSFS, a wholly owned subsidiary of UBS Americas, is registered as a broker-dealer under the U.S

Unregistered Status. None of the AlphaKeys Fund, the Underlying Master Fund nor the Underlying Fund is registered as an investment company under the Investment Company Ad. The Investment Company Ad provides certain protections to Investors and imposes certain restrictions on registered investment companies, none o

he Administrator is an indirect, wholly owned subsidiary of UBS Americas, Inc. (the "UBS Americas") which, in turn, is a wholly owned subsidiary of UBS AG (together with its affiliates, "UK") a Swiss bank. UBSFS, a wholly owned subsidiary of UBS Americas, is registered as a broker-dealer under the U.S

Unregistered Status. None of the AlphaKeys Fund, the Underlying Master Fund nor the Underlying Fund is registered as an investment company under the Investment Company Ad. The Investment Company Ad provides certain protections to Investors and imposes certain restrictions on registered investment companies, none o