Epstein Secrets

UBS Re: Your UBS Alternative Investments Dear Investor: UBS Financial Services Inc. 1285 Avenue of the Arneitcas, 1.” Floor New York, NY 10019 Alternative Investments US .6JtemativelnvestOubs.00m www.ubs.com On July 10, 2013, t

ent fund(s) and its affiliates. If you have any questions, please feel free to contact your UBS Financial Advisor at your convenience. Sincerely, UBS Fund Advisor, L.L.C. ML281837-MAXWELL CONFIDENTIAL UBSTERRAMAR00001136 EFTA00236792

es my pre-approval of the trade and that ',2; the Access Person's proposed investment: a: will not unfairly limit the ability of eligible clients of UBS Financial Services Inc. the Firm') to participate in the proposed investment and ibj does not present a material conflict with the interests of the Firm's clients or the f

eto A swap, structured note or other cinnamic nstrurnem. the return Ironi wØ n based in whole or rn part on the return of the Fund A third party UBS Fund Advisor. ac, or an af fatale thereof. in its capacity as investment adviser to the Fund or as adrrmistretor to the Fund. a chsdized in the Memorandum Unr

ure reference. Certain information contained in this Memorandum relating to the Underlying Fund Manager and the Underlying Fund has been derived by UBS Financial Services Inc. from materials finished by the Underlying Fund Manager. For a more detailed description of the Underlying Fund Manager and the Underlying Fund, see

bject. See "The Master Partnership's Investment Program and Description: Leverage and Loans" in the Underlying Fund Memorandum. THE ADMINISTRATOR UBS Fund Advisor, L.L.C. has been appointed by the Investors to provide certain administrative or support services to the AlphaKeys Fund (in such capacity, the "Adm