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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
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
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
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
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
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 AlphaKeys and the "Administrative Services Agreement

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