Epstein Secrets

The lethargic state of global credit markets (in particular, in Europe), ma' make it difficult for financial sponsors to obtain favorable PR305378-MAXWELL_ Blackstone Real Estate Partners Europe V 73 CONFIDENTIAL UBSTERRAMAR00001920 EFTA00237551 Risk Factors and Potential Conflicts of Interest f

urrent Income from an Investment to its ER305378-MAXWELL Blackstone Real Estate Partners Europe V 27 CO

iness hours), and social and entertainment events with portfolio entity management, customers, clients, borrowers, brokers and service providers). Capital Calls. Capital calls will be issued by the General Partner from time to time at the discretion of the General Partner, based upon the General Partner's as

, unless otherwise determined by UBSFA. ER305378-MAXWELL Private and Confidential 2 CONFIDENTIAL UBSTE

count maintained by the Undersigned at the Placement Agent. The Undersigned acknowledges that the failure to have sufficient funds available to meet Capital Calls or other payments required to be made pursuant to the Fund Agreement may result in significant adverse consequences, including loss of all or a port

OVIDED TO PROSPECTIVE INVESTORS IN SUCH ER305378-MAXWELL Blackstone Real Estate Partners Europe V 127 CO

of the Fund shall be authorized to pledge, mortgage, assign, transfer and grant security interests in the assets of the Fund, the right to initiate Capital Calls and collect the Capital Commitments of the Members hereunder, including, without limitation the rights of the Member Designee to exercise remedies