Epstein Secrets

uity investments in such entity by one or more persons described in clause (1) or (2) above. Examples of the foregoing include, among other things, 'Keogh' plans, other tax-qualified retirement plans. IRAs, certain other types of employee benefit plans (and accounts) and entities that are deemed to hol

r (d) of the Small Business investment Act; or (h) The Undersigned is a 'business development company' as defined in Section 2(a)(48) of the Investment Company Act or a 'business development company" defined in Section 202(aX22) of the investment Advisers Ad. Note for Accredited Investor Status: •

uity investments in such entity by one or more persons described in clause (1) or (2) above. Examples of the foregoing include, among other things, 'Keogh' plans, other tax-qualified retirement plans, IRAs, certain other types of employee benefit plans (and accounts) and entities that are deemed to hol

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

quity investments in such entity by one or more persons described in clause (1) or (2) above. Examples of the foregoing indude, among other things, 'Keogh' plans, other tax-qualified retirement plans, IRAs, certain other types of employee benefit plans (and accounts) and entities that are deemed to hol

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

of, the Employee Retirement Income Security Act of 1974, as amended ("ERISA"); Initial 2. A plan subject to Section 4975 of the Code, including a Keogh plan or an individual retirement account (an "IRA") which is not subject to ERISA; 3. An insurance company's general account assets or the assets

al B. If the Subscriber initialed category (1), (2) or (3) in section A above, the Subscriber represents that: The Subscriber is (i) a registered Investment Company (as defined in the U.S. Initial Investment Company Act of I940, as amended (the "1940 Act")), or (ii) exempt from registration as an Investment Co

ndividual retirement account ("IRA") described in Section 408 of the Code that is not subject to Title I of ERISA, or any pension, profit sharing, Keogh or other retirement employee benefit plan that is not subject to Title I of ERISA but is qualified under Section 401(a) of the Code, or of an inves

n reliance on the exception contained in Section 3(c)(7) of the Investment Company Act and, thus, exempt from the registration requirements of the Investment Company Act. Accordingly, the Access Fund expects that it will sell Interests only to "qualified purchasers" as defined in Section 2(a)(51) of the Investm

ndividual retirement account ("IRA") described in Section 408 of the Code that is not subject to Title I of ERISA, or any pension, profit sharing, Keogh or other retirement employee benefit plan that is not subject to Title I of ERISA but is qualified under Section 401(a) of the Code, or of an inves

n reliance on the exception contained in Section 3(c)(7) of the Investment Company Act and, thus, exempt from the registration requirements of the Investment Company Act. Accordingly, the Access Fund expects that it will sell Interests only to "qualified purchasers" as defined in Section 2(a)(51) of the Investm

ndividual retirement account ("IRA") described in Section 408 of the Code that is not subject to Title I of ERISA, or any pension, profit sharing, Keogh or other retirement employee benefit plan that is not subject to Title I of ERISA but is qualified under Section 401(a) of the Code, or of an inves

n reliance on the exception contained in Section 3(c)(7) of the Investment Company Act and, thus, exempt from the registration requirements of the Investment Company Act. Accordingly, the Access Fund expects that it will sell Interests only to "qualified purchasers" as defined in Section 2(a)(51) of the Investm

ndividual retirement account ("IRA") described in Section 408 of the Code that is not subject to Title I of ERISA, or any pension, profit sharing, Keogh or other retirement employee benefit plan that is not subject to Title I of ERISA but is qualified under Section 401(a) of the Code, or of an inves

n reliance on the exception contained in Section 3(c)(7) of the Investment Company Act and, thus, exempt from the registration requirements of the Investment Company Act. Accordingly, the Access Fund expects that it will sell Interests only to "qualified purchasers" as defined in Section 2(a)(51) of the Investm

ndividual retirement account ("IRA") described in Section 408 of the Code that is not subject to Title I of ERISA, or any pension, profit sharing, Keogh or other retirement employee benefit plan that is not subject to Title I of ERISA but is qualified under Section 401(a) of the Code, or of an inves

n reliance on the exception contained in Section 3(c)(7) of the Investment Company Act and, thus, exempt from the registration requirements of the Investment Company Act. Accordingly, the Access Fund expects that it will sell Interests only to "qualified purchasers" as defined in Section 2(a)(51) of the Investm

Plan Investor" (as defined in the Plan Assets Rules and described below and including, without limitation, an individual retirement account and a "Keogh" plan) who has investment discretion (a "Fiduciary") should consider before deciding to invest such Benefit Plan Investor's assets in the Alpha Key

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