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market sweep balances ace pectedred by SPC On me ma insured0y ate FCC nice per share A*Idge Onidencl awes, Days n on Mai 31 (I) Ng*, Pedant Genoa Cap aroma 0/ 250)00000 Percent/0e of Cost Estimated Unrealized your Accord basis (I) annual i accent (SI »nor loss (S) cash Total 550,00
SI 9 math, on the aggregate to yore althrsols held n a articular CaPaCty Akre <Copy of the poloy en:rdrg it available icon rtgaft teethe the OK Mahan ref the ttoplantetal pfCrthclon reply 10: • Drun ennui atom enraged by fun nchchNI n SOss Ar(04ill value) CM hetiaway ROM LES formal Semi es For
lue. Leans infremehen For detailed Scallion mthefrms Iran; practices rd &clown refer to yas Clore bebteornhp Ageernent a Arran Adytiffitnl and to Genoa Terns tad Co :Mons UBS kelernent of Credit Minket araiabk nAreem•nt and C.& busts a sawn u4 a mare rte reri,lm,rrs SDNY_GM_00324611 EFTA_O019738
cre"00t0 (Vann commis. and • Depose accounts feria arbors of cliposel) r LBS Bak LISA. UBS AG U S branches and barn** FDK ~al ~en Pros^ The SIK ()Mahan and Ihe ~rental prcteacn 00 eW apply to these assets erm if they drawee cone any>, sidemen% We SIPC ~Leann and the supplemental prot«tion clan*, P
not reinvested Cost Pat Per share basis ft) cis Mat 31 (4) Value On Unrealized nag inienrnent Had ng Mar 31 (5) Oiln Or loss (5) return(5) Genoa 10.910 56,804.91 .507.81 56,804.91 SDNY GM 00026702 CeIPTC0090C6576505 NV7003304051 COCCI 0315 03057900MOCOCO Page S of 6 CONFIDENTIAL EFTA_
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ting speed. In the past, traditional measures of power - tanks, airplanes, national wealth - declined or rose as a gradual process. It took years for Genoa to fund and build an expeditionary force to gut Venice’s Adriatic designs. Decades passed as Germany built her naval fleet. But in our age, such slow
tempted to convince an age obsessed with land forces of the enduring, decisive power of armed ocean fleets. Hannibal’s smashing attacks against Rome, Mahan wrote, or Napoleon's failure against England - in each case “mastery of the sea rested with the victor.”°? Our future will bring, almost certainly, a
rinely Mainreet ant Were anl les an's cles.:4 awl. cede* Yaw cw au Mn 43 to • %ann. Stilerra.1 •0•14 ekes "bp wary the raw Cl serntwant alarbet ?Genoa or kg n'a• nbrirslon we. McernOrlre can P&p. SB1062192-F1 1106 EFTA01662978 lEMorgan Mowry Accant: for Ow Ihrlorl 1/1110 iv 149/10 OHIKAINE
atbd rinverrnehe &toe Shipalih• • MI 111O04a• Set 'It al• Ala Ilan. &newt% JP its lit.em•o•Vrit Mal SW.. Imalona. Praia. hal II* naiad ha ham/ Mahan Ms be ear hp Ss' SB1062192-F1 1144 EFTA01663016 lEMorgan Palmer, MCP. For the Per. 0/1/10 loal30/10 TAls Page latemannally lede Paul SB106
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