GC won Branch These deposits are not hatred by the FOC. Balances held at the LES AG Cayman Brant, are temposanly noosed to the sovereign Sc of the Carron bland and there is no suarate a other dolgation of LES AG to repay the balances **do en the UES Cayman's Brach's books. Deposits at UPS Bat USA an

y. (COO 441 Prepae.O.nranleed Fords. ECOO. AcoaP00 442 Preps. Currency. (COO. Act0P00 443 3rd Pant r onto <I Ras. ECOD 444 3rd Parry B41119. Carron". ECOD 45 3rd Piro B1114. Guarantee d hods. ECOD.A.noP00 819 3rd Parry Rho. Orarey. ECOD.Au8P013 970 Consoklated Relent 3rd Pay. hem FedEx Int

O 441 Prepaid. CoaranIcool Feeds. ECOO. AtooP00 442 Peeped. Conroy. (COO. /3/45n7P00 443 3rd Piro 91114. GuarallOodFt4104. ECOD 3m Parry 9415. Carron". ECOD 445 3441Paro 91114. Guinn) d Fulda. ECOD.knoP00 416 3rd Parry 511119. Conon,. ECOD.Aux.P013 900 Consoklated Reams. 3rd Parry. ban FedEx

,FOD 443 3rd Pang Bohn. Ctunieee5 Foxia ECOD 444 ad Fay Bar,. Carneer. ECOD 445 3rd Part/ Mr, Cterenleal F‘md, ECOD.Atn5FC0 446 3td Pay Bing, Carron,. ECOD.Aus,C0 900 Consoklmd Roodm 34-d Pant. bun FedEx International Ground 022 023 026 027 0213 135 ul 478 479 490 494 496 487 489

00606180 Dave Kate. CFA North America Credit Research 16 February 2012 Relative value analysis J.P.Morgan Coos Ka Ibe ad 1600 Mood?. S&P Carron !bend (Naga 17W Dote Neu Coll Dote 6:00114, EMTDA lateral LUI LTM Recourse Debit Ellr7DA LTM MI6 EVE Offer Vkld Spina Dam him N.".

Wen Epstein 36246976 NOW Account Locker fr4,r e Carron bagsme Acco.mt a ...NIX*, balance Taal acc Make) ba a,ce °coal teeencie tail statement. .46 62 Today s ;frcboty •6947 Taal Holds -694T neat .

nner* then It *duly &Mortared to tor and wry such margin account(s). 9. More the uncenpigrad b a teller d en option, WICSI is marked In lot1923 sole Carron end ~out netlIcatlon to the urandgned. in the event Mat undersigned does not meet IPMS:'s meals,' cans oromotly, to take aha and be saps messy to p

Paaroinnosnt gonna's!) alto as of .7.10. Past rent ormK6 n iNt.a. I fon, fauna tto nionnot iN W 9'. MIb tkOnoad '10ftlee of Mrs CanOr ogee of the Carron.... 'Sesrannura RIM Perwmtve: July 2016. Fetfeal Reserve Senior Loan OngeoS Survey. Dme es 01 June 2016 1' Real Capflal Anafyhos. Dela as of March

B5 AG Cayman Bunch These deposits ate not nerd by the FIX. Bannon Fold at tie LES AG Conan Braxh are temporary exposed to the sovereign Sc of the Carron glands, and there is no garotte or other obligation of UBS AG to repay Be Wines while on the UBSC ayman's Brach's books. Deposes a 185 Birk LEA an

AG Cayman Bunch These deposits ate not insured by the FIX. Bannon Feld at to LES AG Carnal Brads are tempera* exposed to the sovereign risk of the Carron blends, and tore is no gannete or other obligation of UBS AG to espy be bastes while on the UBSC trans Bradt. books. Deposts a LES Bark LEA and ea