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rs Association, Financial Futures Association of Japan, Japan Investment Advisers Association and Type II Financial Instruments Firms Association. KUWAIT This Memorandum is not for general circulation to the public in Kuwait. The Interests have not been licensed for offering in Kuwait by the Kuwait
been and will not be registered with the Swiss Financial Market Supervisory Authority ("FINMA"). The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, CH-1204 Geneva (the "Representative"). The offering documents, Fund Documents and audited financial statements can be obtaine
rs Association, Financial Futures Association of Japan, Japan Investment Advisers Association and Type II Financial Instruments Firms Association. KUWAIT This Memorandum is not for general circulation to the public in Kuwait. The Interests have not been licensed for offering in Kuwait by the Kuwait
been and will not be registered with the Swiss Financial Market Supervisory Authority ("FINMA"). The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, CH-1204 Geneva (the "Representative"). The offering documents, Fund Documents and audited financial statements can be obtaine
rs Association, Financial Futures Association of Japan, Japan Investment Advisers Association and Type II Financial Instruments Firms Association. KUWAIT This Memorandum is not for general circulation to the public in Kuwait. The Interests have not been licensed for offering in Kuwait by the Kuwait
been and will not be registered with the Swiss Financial Market Supervisory Authority ("FINMA"). The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, CH-1204 Geneva (the "Representative"). The offering documents, Fund Documents and audited financial statements can be obtaine
rs Association, Financial Futures Association of Japan, Japan Investment Advisers Association and Type II Financial Instruments Firms Association. KUWAIT This Memorandum is not for general circulation to the public in Kuwait. The Interests have not been licensed for offering in Kuwait by the Kuwait
been and will not be registered with the Swiss Financial Market Supervisory Authority ("FINMA"). The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, CH-1204 Geneva (the "Representative"). The offering documents, Fund Documents and audited financial statements can be obtaine
rs Association, Financial Futures Association of Japan, Japan Investment Advisers Association and Type II Financial Instruments Firms Association. KUWAIT This Memorandum is not for general circulation to the public in Kuwait. The Interests have not been licensed for offering in Kuwait by the Kuwait
been and will not be registered with the Swiss Financial Market Supervisory Authority ("FINMA"). The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, CH-1204 Geneva (the "Representative"). The offering documents, Fund Documents and audited financial statements can be obtaine
Entities connected to both KUWAIT and Hugo Fund Services

Geneva
LOCATIONthe Securities Commission
ORGANIZATIONNevis
LOCATIONSt. Kitts
LOCATIONthe Qatar Central Bank
ORGANIZATIONGlendower
LOCATIONCredit Suisse Securities
ORGANIZATION
Fannie Mae
ORGANIZATIONKanto Local Finance Bureau
ORGANIZATIONFinancial Futures Association of Japan
ORGANIZATIONBanque Cantonale de Geneve
ORGANIZATIONJapan Investment Advisers Association
ORGANIZATIONthe United Mexican States
ORGANIZATIONConlidenhal Private Placement Memorandum
ORGANIZATION
Abu Dhabi
LOCATION
United Kingdom
LOCATIONAIFMD
ORGANIZATION
Prince Charles
PERSON
Columbia University
LOCATIONAdam Graev
PERSON