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ntended for long-term investors who can accept the significant risks associated with investing in illiquid assets. Accordingly, an investment in the AlphaKeys Fund should only be considered by persons who can afford a loss of their entire investment and Members should maintain sufficient liquid assets to
he Administrator or any of their respective affiliates and (ii) does not necessarily reflect the views or opinions of UBS or any of its affiliates. No Assurance of Investment Return The AlphaKeys Fund is intended for long-term investors who can accept the significant risks associated with investing in illiquid securities. There
Investor, (ii) to invest in the Underlying Fund pending the receipt of capital contributions from Investors and (iii) to cover any shortfall in the AlphaKeys Fund's ability to perform any payment obligations when due. If the AlphaKeys Fund borrows money, its Net Asset Value may be subject to greater flu
le discretion, to make such an offer to one or more Investors and not to the other Investors, and may do so without notice to the other Investors. No Assurance of Investment Return. The AlphaKeys Fund is intended for long-term Investors who can accept the significant risks associated with investing in illiquid securities. ML2
Investor, (ii) to invest in the Underlying Fund pending the receipt of capital contributions from Investors and (iii) to cover any shortfall in the AlphaKeys Fund's ability to perform any payment obligations when due. If the AlphaKeys Fund borrows money, its Net Asset Value may be subject to greater flu
le discretion, to make such an offer to one or more Investors and not to the other Investors, and may do so without notice to the other Investors. No Assurance of Investment Return. The AlphaKeys Fund is intended for long-term Investors who can accept the significant risks associated with investing in illiquid securities. -MA
Entities connected to both AlphaKeys and No Assurance of Investment Return

Ghislaine Maxwell
PERSON
UBS AG
ORGANIZATION
United States
LOCATION
Federal Reserve
ORGANIZATION
the Internal Revenue Service
ORGANIZATIONCayman
LOCATIONErnst & Young LLP
ORGANIZATION
U.S. Treasury
ORGANIZATION
Paul Volcker
PERSONClasses of Interests
ORGANIZATIONthe District of Columbia
LOCATIONBank Holding Company Act Considerations
ORGANIZATION
FDIC
ORGANIZATIONthe New York Stock Exchange
ORGANIZATIONthe Underlying Fund Management Fee
ORGANIZATIONthe Investor Application
ORGANIZATIONUBS Institutional Consulting
ORGANIZATIONUBS Americas, Inc.
ORGANIZATION
Millennium
ORGANIZATIONMillennium International, Ltd.
ORGANIZATION