CISA DOES NOT EXTEND TO ACQUIRERS OF INTERESTS IN THE FUND. 1. REPRESENTATIVE THE REPRESENTATIVE IN SWITZERLAND IS ARM SWISS REPRESENTATIVES SA, ROUTE DE CITE-OUEST 2, 1196 GLAND, SWITZERLAND. Confidential & Trade Secret EFTA00609559 VALAR Private Placement Memorandum A•I6 2. PAYING AGENT THE PAYING AGENT I