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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
affiliate may hold a nominal Interest in, and may be an investor of, the AlphaKeys Fund. The Administrator is a direct, wholly owned subsidiary of UBS Americas, Inc. ("UBS Americas") which, in turn, is a wholly owned subsidiary of UBS AG, a Swiss bank. The Placement Agent, a wholly owned subsidiary of UBS Americ
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
, the Underlying Fund Manager or any affiliate, officer, director, member or partner or other affiliate of any of them. None of the AlphaKeys Fund, UBS Americas, Inc. or any of its affiliates has the right to participate in the control, management or operations of the Underlying Fund, nor has any discretion over
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
, the Underlying Fund Manager or any affiliate, officer, director, member or partner or other affiliate of any of them. None of the AlphaKeys Fund, UBS Americas, Inc. or any of its affiliates has the right to participate in the control, management or operations of the Underlying Fund, nor has any discretion over
Entities connected to both AlphaKeys and UBS Americas, Inc.

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
PERSONthe "Administrative Services Agreement
ORGANIZATIONBank Holding Company Act Considerations
ORGANIZATIONthe Underlying Fund Documents
ORGANIZATIONthe New York Stock Exchange
ORGANIZATIONthe District of Columbia
LOCATIONthe Investor Application
ORGANIZATION
Philadelphia
LOCATION