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Fund may elect to return any amounts previously debited from the Members, plus any interest thereon, and such Member's Interest may be terminated. Classes of Interests in the Underlying Fund are Not Separate Legal Entities Although investors of the Underlying Fund, including the AlphaKeys Fund, may hold separate cl
rt services to the AlphaKeys Fund (in such capacity, the "Administrator") pursuant to an administrative services agreement with the AlphaKeys Fund (the "Administrative Services Agreement"). One or more affiliates of the Administrator and the Placement Agent (as defined below) and third parties will be engaged to provide certain serv
local level. Quarterly reports from the Administrator regarding the AlphaKeys Fund's operations during such period also may be sent to Investors. Classes of Interests in the Underlying Fund are Not Separate Legal Entities. Although Investors of the Underlying Fund, including the AlphaKeys Fund and certain Other A
rt services to the AlphaKeys Fund (in such capacity, the "Administrator") pursuant to an administrative services agreement with the AlphaKeys Fund (the "Administrative Services Agreement"). ML281817-MAXWELL -3- CONFIDENTIAL UBSTERRAMAR00002269 EFTA00237825 One or more affiliates of the Administrator and the Placement Agent (as
local level. Quarterly reports from the Administrator regarding the AlphaKeys Fund's operations during such period also may be sent to Investors. Classes of Interests in the Underlying Fund are Not Separate Legal Entities. Although Investors of the Underlying Fund, including the AlphaKeys Fund and certain Other A
rt services to the AlphaKeys Fund (in such capacity, the "Administrator") pursuant to an administrative services agreement with the AlphaKeys Fund (the "Administrative Services Agreement"). =IIVIAXWELL -3- CONFIDENTIAL UBSTERRAMAR00001216 EFTA00236862 One or more affiliates of the Administrator and the Placement Agent (as defin
Entities connected to both Classes of Interests and the "Administrative Services Agreement

United States
LOCATIONthe New York Stock Exchange
ORGANIZATION
New York
LOCATIONthe U.S. Investment Company Act
ORGANIZATION
UBS AG
ORGANIZATIONBank Holding Company Act Considerations
ORGANIZATION
Paul Volcker
PERSONthe Underlying Fund Management Fee
ORGANIZATIONErnst & Young LLP
ORGANIZATION
U.S. Treasury
ORGANIZATIONthe Investor Application
ORGANIZATIONCayman
LOCATION
the Internal Revenue Service
ORGANIZATIONthe District of Columbia
LOCATIONNo Assurance of Investment Return
ORGANIZATION
Ghislaine Maxwell
PERSONAlphaKeys
ORGANIZATION
Federal Reserve
ORGANIZATION
FDIC
ORGANIZATIONUBS Americas, Inc.
ORGANIZATION