General Overview of Lending Capabilities

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1 Anthony R. D Ascoli, CIMA, CRPC UBS Financial Services Inc. Senior Vice President Investments D'Ascoli Financial Group Portfolio Manager 750 Washington Blvd, 11 th Fl anthony.dascoli@ubs.com Stamford, CT Direct: (203) Joseph Paik Toll Free: (800) Wealth Strategy Associate Fax: (203) joseph.paik@ubs.com General Overview of Lending Capabilities Commercial Loans Very Competitive Rates All Asset Classes Considered Except Construction Non-Recourse $10M Minimum Financing (Bundles Considered) Consider LTV up to 75% with reserves in some cases Higher LTV possible with Mezzanine Financing Traditionally 5/7/10 Balloons with up to 30-Year Amortizations Typical Prepayment Penalties include Yield Maintenance and Defeasance Land Leases Considered Typical Documents Required: 2 years Financial Statements of Operating Properties, Photographs, Address, Specific Loan Request, Rent Roll, and Environmentals. Residential Loans Very Competitive Rates All Residential Asset Classes Considered Except Construction Loans Mortgages Up To $10 Million Combination Loans with Securities Backed Lines of Credit Primary Residence 2nd Home Investment Product (Loan Size) Buy R/T C/O Buy R/T C/O Buy R/T C/O Conforming ($417K or less) 97% 97% 80% 80% 80% 75% 80% 75% 75% Conforming Plus ($417K - $729K) 90% 90% 60% 65% 65% N/A 65% 65% N/A Jumbo (>$417K) 80% 75% 75% 75% 75% 70% 70% 70% N/A Buy - New Home Purchase, R/T - Rate and Term Refinance, C/O - Cash Out Refinance Securities Backed Lines of Credit Very competitive LIBOR-based interest rates. No fees, points or closing costs. Typically maintain tax favorable treatment regardless of loan size Minimum loan size of $55,000 with minimum initial draw of $25,001. Higher advance rates on securities versus traditional margin (actual case may vary): o 92% US Treasuries & 80% Municipals o 70% Gold bullion (held in UBS Vaults) o 70% Diversified equity basket Ability to structure loans in 3rd party name Ability to link multiple collateral accounts to single loan account or multiple loan accounts to a single collateral pool No fixed repayment term or prepayment penalties. For Variable Loans - Interest payment charged monthly (interest may be added to principal balance if sufficient collateral is maintained by the client). For Fixed Loans - Interest payments due quarterly. (If sufficient collateral exists and the client has an active variable rate loan account (5V), client may request a variable rate advance to satisfy interest due). Convenient access to loan proceeds through Credit Line checks or Fed Funds wire. Variable loans carry no pre-payment penalty. Fixed Rate Loan prepayments are subject to administrative and/or prepayments fees.

2 Financial Planning & Estate Planning My group will sponsor a $50,000 Private Financial Plan for all relationships with a $25 million or more net worth. Those with substantial financial resources typically have complex needs that require tailored solutions. Our group consists of an integrated team of senior planners, senior wealth strategists and philanthropy professionals providing comprehensive planning advice and education to ultra high net worth (UHNW) families. Our sophisticated planning solutions to address: 1. Planning and advice 2. Family governance 3. Center of excellence and thought leadership 4. Philanthropic services. Now is an opportune time to consider planning strategies due to: Discounted Valuations The value real estate and business interests are greatly discounted today thus providing larger transfers of assets free of Gift & Estate Tax. Temporary $5 Million Lifetime Gift & Estate Tax Exclusion Lifetime exclusions exempt from Federal Gift and Estate Tax and have been "temporarily" increased to $5M per person ($10M for married couples) until December 31, This exclusion removes the value from one's estate and is often used to fund life insurance to provide an order of magnitude of gift, estate, and income tax-free life insurance proceeds. For example, $5 million could reasonably provide $25-$50 million of tax-free benefits to an estate. Extension of Unrestricted GRATs A GRAT is an estate freeze technique allowing the transfer of all growth of an asset above IRS published guidelines without Federal Gift or Estate Tax. Such strategies are ideal for securities anticipated to increase in value. Historically Low Interest Rates Estate planning strategies utilizing IRS published interest rates (7520 rate) are at historically low levels. Planning Services Expanded Overview

3 I propose working with your trusted tax and legal advisors to start implementation of a plan. If you seek appropriate advisors, please let me know and I will introduce you to established and experienced advisors to assist you with the process. Thank you again for your time and the opportunity. You may reach me at (203) or via at anthony.dascoli@ubs.com. Thank you, Anthony R. D'Ascoli, CIMA, CRPC Senior Vice President - Investments Portfolio Manager Disclosures The information set forth herein was from sources which we believe reliable but we do not guarantee its accuracy neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. We consider your monthly statements and/or trade confirmations to be the official record of your transactions. This electronic mail is being provided for informational purposes only and/or in response to your request. Portions of this material may have been produced using a template designed by a UBS Financial Advisor. In the event of any discrepancy between it and data produced through the programs of UBS, the recipient must rely on the latter. Information herein, including but not limited to research, market valuations, calculations and estimates is believed to be reliable but UBS does not warrant its completeness or accuracy. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results. Please consult with your legal and tax advisors as UBS does not provide such advice. This letter discusses some tax considerations, among other advantages and disadvantages of each strategy. However, no such list could be complete, and your legal and tax situation will have to be analyzed on an individual basis by your respective advisors.

4 ab UBS Mortgage Helping to achieve your goals with a mortgage that s right for you Making a smart home financing choice is integral to your overall wealth management plan. Getting a residential mortgage is more than a one-time transaction. It s the type of financial decision that impacts your life for years to come. That s why it is important to work with partners who see your bigger financial picture and understand what you re trying to achieve today and into the future. Your UBS Financial Advisor can introduce you to a UBS Mortgage Banker 1 who can help you evaluate mortgage strategies that are consistent with your overall wealth management plan. Whether you choose a fixed rate, adjustable rate or interest-only mortgage, UBS Mortgage offers the following options: Conforming mortgages For most borrowers, conforming loans mortgages up to $417,000 offer the most attractive rates. In some U.S. markets, the median home value is greater, so conforming plus loans are available up to $729,750. Jumbo mortgages Sometimes it may be difficult to secure financing for a home above conforming loan limits, but UBS offers mortgages up to $10 million. Combination loans Pairing a traditional mortgage with a UBS Credit Line 2 may be the right choice if you are seeking extra financial flexibility. The time is right No matter what size mortgage you need, our dedicated team of UBS Mortgage Bankers is there to serve you and guide you every step of the way. Call your UBS Financial Advisor who can introduce you to a UBS Mortgage Banker. See next page for indicative daily mortgage rates. 1 UBS Financial Advisors are employees of UBS Financial Services Inc. UBS Mortgage Bankers are employees of UBS AG, Tampa Branch or, in certain states for certain products, UBS Bank USA or their authorized agents. 2 Credit Lines are provided by UBS Bank USA, an affiliate of UBS Financial Services Inc., and are subject to credit approval. DMC

5 Indicative daily mortgage rates Residential mortgages The rates below are indicative rates only and the jumbo indicative rates are for clients with $100,000 or more in assets at UBS when the loan closes. For clients who do not meet these asset criteria, the jumbo indicative rates would be higher. All rates are subject to change. The actual rate quote and product availability will vary based on your mortgage application and credit qualifications. Quotes may only be communicated by a UBS Mortgage Banker. For more information, please contact your UBS Financial Advisor or call Today's Today s Indicative indicative Rates rates (as (as of of 03/25/2011 XX/XX/20XX 9:30 - AM) a.m.) Conforming 1 (<$417K) Conforming Plus 2 ($417K $729K) Jumbo 3 (>$417K) Product Points Rate APR Rate APR Rate APR 30 Year Fixed % 4.989% 5.000% 5.025% 5.471% 5.487% 30 Year Fixed % 4.896% 4.790% 4.903% 5.221% 5.326% 30 Year Fixed I.O % 5.817% N/A N/A 5.721% 5.735% 30 Year Fixed I.O % 5.588% N/A N/A 5.471% 5.566% 15 Year Fixed % 4.328% 4.330% 4.373% 4.722% 4.748% 15 Year Fixed % 4.323% 4.170% 4.363% 4.472% 4.649% 6 Mo ARM I.O. 0 N/A N/A N/A N/A 2.460% 2.511% 3/1 ARM % 3.350% N/A N/A 3.637% 3.161% 3/1 ARM % 3.303% N/A N/A 3.262% 3.158% 3/1 ARM I.O % 3.334% N/A N/A 3.762% 3.156% 3/1 ARM I.O % 3.292% N/A N/A 3.387% 3.151% 5/1 ARM % 3.167% 3.540% 3.218% 3.878% 3.318% 5/1 ARM % 3.105% 3.190% 3.174% 3.503% 3.279% 5/1 ARM I.O % 3.175% 3.690% 3.232% 4.003% 3.323% 5/1 ARM I.O % 3.140% 3.330% 3.187% 3.628% 3.273% 7/1 ARM % 3.485% N/A N/A 4.416% 3.666% 7/1 ARM % 3.424% N/A N/A 4.041% 3.581% 7/1 ARM I.O % 3.520% N/A N/A 4.541% 3.674% 7/1 ARM I.O % 3.461% N/A N/A 4.166% 3.579% 10/1 ARM % 3.843% N/A N/A 4.935% 4.193% 10/1 ARM % 3.778% N/A N/A 4.560% 4.049% 10/1 ARM I.O % 3.894% N/A N/A 5.060% 4.245% 10/1 ARM I.O % 3.827% N/A N/A 4.685% 4.085% * Rates are as of 3/25/2011. Rates and points provided are indicative only, and do not include other pricing adjustments or closing costs. The maximum loan amounts will vary based on property type, location, loan-to-value ratio (the loan amount expressed as a percentage of the value of the house), loan purpose and other factors. All scenarios assume the following parameters: 720 FICO (Fair Isaac and Company) or credit score, 60-day interest rate lock, refinance transaction, primary residence, single family home in NY with escrows for taxes and insurance waived, and a 65% loan-to-value ratio (the loan amount expressed as a percentage of the value of the house). 1 Conforming Scenario Parameters: $400,000 loan amount. Conforming rates up to $417,000 in all states. 2 Conforming Plus Parameters: $500,000 loan amount. Conforming Plus maximum loan amounts vary up to $729,750 and apply only in high-cost markets. Maximum loan size is based on county. 3 Jumbo Scenario Parameters: $1,000,000 loan amount. Maximum loan size is $10 million and will vary depending on product and specific loan characteristics. Other scenarios, including higher loan amounts and higher loan-to-value ratios, may be considered with your UBS Mortgage Banker. Jumbo refers to programs that generally meet secondary market guidelines and are available based on specific loan characteristics. All mortgage products are offered by UBS Mortgage. UBS Mortgage is a trade name for UBS AG, Tampa Branch or, in certain states for certain products, UBS Bank USA. All loans are subject to underwriting, credit and property approval. Not all products are available in all states, or for all loan amounts. Other restrictions and limitations may apply. UBS Mortgage currently offers residential mortgage loans within the 50 states of the United States of America and the District of Columbia. Equal Opportunity Lender. Equal Housing Lender. UBS Financial Services Inc. is a subsidiary of UBS AG UBS Financial Services Inc. All rights reserved. Member SIPC. M

6 The power to finance your real estate opportunities Flexible real estate financing Whether you re a real estate investor, developer or contractor, having a source of liquidity ready whenever you need it can work to your advantage. Instead of having to wait through a lengthy application process, you ll be able to act quickly on a time-sensitive opportunity. A UBS Credit Line 1 empowers you with that level of financial flexibility. By using the eligible securities in your UBS portfolio as collateral, a UBS Credit Line gives you immediate access to the funds you need. This enables you to keep your long-term investment strategy on track because you won t have to sell your assets. Common uses Investment properties, including those held in LLCs and other entities Vacation or timeshare opportunities that may be hard to secure with traditional financing Bridge financing Expansion and renovation without inspections and draw requests Land purchase and development A UBS Credit Line is smart, simple and strategic Streamlined application process answer usually within a few days 2 No application fees or closing costs 3 Easy access to funds through checks for federal funds wire 4 Repayment flexibility, so you can better manage your cash flow 5 Competitive interest rates that can be locked in up to five years 6 Speak with your Financial Advisor today about a UBS Credit Line. Advice you can trust starts with a conversation. 1 Credit Lines are provided by UBS Bank USA, an affiliate of UBS Financial Services Inc., and are subject to credit approval. 2 In some large and complex transactions, the application process may take more time. 3 Prepayments of Premier Fixed Credit Lines will be subject to an administrative fee and may result in a prepayment fee. 4 The minimum initial advance is $25,001 or such other amount as UBS Bank USA may determine from time to time. The minimum federal funds wire is $2, If you decide to defer a payment, the interest will be added to your principal loan balance, provided that your collateral is sufficient to support the increase. 6 Prepayments of Premier Fixed Credit Lines will be subject to an administrative fee and may result in a prepayment fee.

7 Financing solutions snapshot Premier Variable Credit Line Minimum approval $55,000 $55,000 Premier Fixed Credit Line Reference rate Daily 30-day LIBOR UBS Bank USA fixed funding rate (Rate below reflects Reference Rate plus Spread.) Interest rates Approval amount $55,000 $99,999 $100,000 $249,999 $250,000 $499,999 $500,000 $999,999 $1,000,000 $2,499,999 $2,500,000 $4,999,999 $5,000,000 $9,999,999 $10,000,000 and above Reference rate 30-day LIBOR Spread Current 0.250% 5.500% 5.750% 0.250% 5.000% 5.250% 0.250% 3.875% 4.125% 0.250% 3.375% 3.625% 0.250% 2.750% 3.000% 0.250% 2.500% 2.750% 0.250% 2.000% 2.250% 0.250% 1.750% 2.000% 1-Year 2-Year 3-Year 4-Year 5-Year 6.290% 6.740% 7.260% 7.740% 8.200% 5.790% 6.240% 6.760% 7.240% 7.700% 4.665% 5.115% 5.635% 6.115% 6.575% 4.165% 4.615% 5.135% 5.615% 6.075% 3.540% 3.990% 4.510% 4.990% 5.450% 3.290% 3.740% 4.260% 4.740% 5.200% 2.790% 3.240% 3.760% 4.240% 4.700% 2.540% 2.990% 3.510% 3.990% 4.450% Fees/points None Prepayments subject to administrative and possible prepayment fees Term Uncommitted demand loan and subject to collateral maintenance requirements Minimum draws Access to funds Interest payments $25,001 minimum initial draw; Federal Funds Wires have a $2,500 minimum; checks have no minimum Credit Line check or Fed funds wire Due monthly; may add interest to principal (w/ sufficient collateral) Uncommitted demand loan and subject to collateral maintenance requirements $55,000 minimum each draw Fed funds wire Due quarterly; may request advance at variable rate for interest due (w/ sufficient collateral). Interest payments may be due sooner depending on the length of the Fixed Rate contract, which can vary from 30 days up to 5 years. Pay downs Fed funds wire, electronic funds transfer (EFT) from UBS RMA Fed funds wire, EFT from UBS RMA *Rates are as of 3/25/2011. Rates provided are an indication only and are subject to change in the sole discretion of UBS Bank USA. Credit Lines are provided by UBS Bank USA, an affiliate of UBS Financial Services Inc. Credit Lines are demand loans and are subject to credit approval and collateral maintenance requirements. UBS Bank USA can demand repayment at any time without notice. If the required collateral value is not maintained, the lender can require you to post additional collateral, repay part or all of your loan and/or sell your securities. Failure to promptly meet a request for additional collateral or repayment or other circumstances (e.g., a rapidly declining market) could cause the lender to liquidate some or all of the collateral supporting the Credit Lines. Any required liquidations may interrupt your long-term investment strategies and may result in adverse tax consequences. Credit Lines may not be used to purchase, trade or carry securities or to repay debt (a) used to purchase, trade or carry securities or (b) to any affiliate of UBS Bank USA. Additional limitations and availability may vary by state. Prepayments of Premier Fixed Credit Line loans will be subject to an administrative fee and may result in a prepayment fee. Neither UBS Financial Services Inc. nor UBS Bank USA provides legal or tax advice. You should consult your legal and tax advisors regarding the legal and tax implications of borrowing using securities as collateral for a loan. For a full discussion of the risks associated with borrowing using securities as collateral, you should review the Loan Disclosure Statement that will be included in your application package. The Resource Management Account (RMA ) is a brokerage account. Resource Management Account and RMA are registered service marks of UBS Financial Services Inc. UBS Financial Services Inc. is a subsidiary of UBS AG UBS Financial Services Inc. All Rights reserved. Member SIPC.