Ghislaine Maxwell & UBS SiS eens Asset Allocation Worksheet 9-Jul-14 Current Proposed locat Amount Amount EQUITY US Equity JPM Focused Dividend Growth (SMA) Y1 23568 17.6% 16.2% $ 2,091,591 $ 1,921,591 $ (170,000) Individual Equities/Mutual funds Y123574/¥ 123571 6.5% 3.2% $ 769,876 $ 382,876 $ (387,000) Rachlin MLPs New 0.0% 2.9% $ : $ 350,000 $ 350,000 US Equity Subtotal 24.1% 20.0% 22.3% $ 2,861,467 $ 2,654,467 $ (207,000) International Equity JPM Int’! High Dividend (SMA) Y1 23572 16.4% 13.5% $ 1,953,633 $ 1,608,633 $ (345,000) international Equity Subtotal 16.4% 13,5% 13,5% $ 1,953,633 $ 1,608,633 $ (345,000) Equity Subtotal 40.5% 33.5% 35.9% $ 4,815,100 $ 4263100 $ '552,000) FIXED INCOME Municipal Fixed Income individual Munis Y1 23574 1.8% 0.0% s 215,953 $ - $ (215,953) RSW Managed Municipal Bonds UBS 0.0% 12.6% $ - s 1,500,000 $ 1,500,000 Municipal Fixed Income Subtotal 1,8% 25.0% 12,6% $ 215,953 $ 1,500,000 $ 1,284,047 Taxable US Fixed Income JPM Short Duration IRA 0.5% 0.5% $ 57,053 $ 57,053 $ - Individual Corporates Y1 23574 2.6% 0.0% $ 308,188 $ : $ (308, 188) Individual Mutua! Fund Positions Y1 23571/¥ 123570 13.0% 0.0% $s 1,544,949 b | - $ = (1,544,949) Preferreds Y1 23574 5.2% 0.0% § 618,218 $ - $s (618,218) JPM Strategic Income Y1 23570 1.1% 5.6% $ 126,270 $ 664,557 $ 538,287 Blackrock Strategic Income UBS 0.0% 7.2% $ - $ 850,000 § 850,000 Ange! Oak UBS 0.0% 4.2% $ $ 500,000 §$ 500,000 Third Avenue Focused Credit Fund UBS 0.0% 4.2% $ : $ 500,000 § 500,000 Taxable US Fixed Income Subtotal 22.3% 85% 21.6% $ 2,654,678 $ 2,571,610 $ (83,068) International Fixed Income Templeton Global Bond UBS 0.0% 3.4% $ . $ 400,000 $ 400,000 International Fixed Income Subtotal 0.0% 3.0% 3.4% $s - $ 400,000 $s 400,000 [Fixed income Subtotal 24.2% 365% 37.6% 4A71610 _$ 1,600,979 ALTERNATIVE INVESTMENTS Mutual Fund Liquid Alternatives Non-Directional WF Absolute Return New 0.0% 5.0% + | - $ 600,000 s 600,000 SkyBridge/Hancock/BAAF New 0.0% 4.2% $ . $ 500,000 $ $00,000 Non-Directional Subtotal 0.0% 9.3% $ - $ 1,100,000 $ 1,100,000 Directional Gateway L/S Equity Y1 23571 0.3% 0.0% $s 32,448 $ - $ (32,448) Robeco Research L/S New 0.0% 3.8% $ : $ 450,000 $ 450,000 Marketfeld New 0.0% 5.0% $ : $ 600,000 $ 600,000 Directional Subtotal 0.3% 88% $ 32,448 $ 1,050,000 $ 1,017,552 Liquid Alternatives Subtotal 0.3% 14.0% 18.1% $ 32,448 $ 2,150,000 $ 2,117,552 Private Equity / Private Real Estate 0.0% 0.0% $ = $ - $ zm Private Equity / Private Real Estate Subtotal 00% 12.0% 00% s - $s = $ - Commodities / Hard Assets GLD Y1 23574 0.5% 0.0% $ 62,607 $ . $ (62,607) Commodities / Hard Assets Subtotal 0.5% 4.0% 0.0% $ 62,607 $ $ (62,607) itive Investments Subtotal 0.8% 30.0% 18.1% $ 95,055 $2,150,000 $2,054,945 CASH & EQUIVALENTS Cash (Assumes $2M withdrawal for HF) Y1 23575 34.5% 84% $ 4,103,924 $ 1,000,000 $ (3,103,924) Cash & Equivalents Subtota/ 34.5% 0.0% 84% $ 4,103,924 $ 1,000,000 $ = (3,103,924) i its Subtotal 345% 0.0% 8.4% $s Cash/Cash 100% “UBS PWM PAG July 2014 Moderate with Alternatives This report provides a summary of the investments in the account's) listed above with their approximate values, subject to the qualifications below, for informational purposes only and should not be relied upon as the basis of an investment or liquidation decision. These accounts, which may have differing ownership, are grouped together at the instruction and consent of the affected owners. Any owner wishing to withdraw that consent should advise us immediately. All information presented is subject to change at any time, is provided only as of the date indicated, and has been rounded for convenience. UBS Financial Services Inc, accounts staternents and official tax docurnents are the only official record of your UBS Financial Services account!s) and are not replaced, arnended, or superseded by any of the information presented in these reports. Values for investments held in your UBS Financial Services account's) are taken from the account statement for the designated date. UBS Financial Services Inc. does not provide tax or legal advice. You should corsult with your attorney or tax advisor regarding your personal circumstances. Past performance is no guarantee of future returns. CONFIDENTIAL UBSTERRAMARO0000484 EFTA00236188