EFTA Document EFTA01572125

GHISLAINE MAXWELL EFTA01572125 EFTA01572126 JPMorgan Chase Bank, N.A. GHISLAINE MAXWELL 270 Park Avenue, New York, NY 10017-2014 ACCT. For the Period 4/1/14 to 4/30/14 Asset Account J.P. Morgan Team James Buckley Jason Bell Janet Young Gina Magliocco Jason Grosse Online access Banker Investment Specialist Client Service Team Client Service Team Client Service Team www.jpmorganonline.com Please see disclosures located at the end of this statement package for important information relating to each J.P.Morgan account(s). Table of Contents Account Summary Portfolio Activity Page 2 5 0000013689.00.0.9E.00001.MAXWE04.20140502 Page 1 of 14 EFTA01572127 GHISLAINE MAXWELL ACCT. For the Period 4/1/14 to 4/30/14 Account Summary Asset Allocation Equity Alternative Assets Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Market Value 1,095,300.46 61,213.24 4,084,359.17 $5,240,872.87 11,898.72 $5,252,771.59 Ending Market Value 0.00 0.00 1,232.79 $1,232.79 0.00 $1,232.79 Change In Value (1,095,300.46) (61,213.24) (4,083,126.38) ($5,239,640.08) (11,898.72) ($5,251,538.80) $0.00 100% 100% Estimated Current Annual Income Allocation Current Portfolio Activity Beginning Market Value Contributions Withdrawals & Fees Securities Transferred In Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value EFTA01572128 (3,559,058.90) (1,686,024.16) ($5,245,083.06) 719.57 4,723.41 $1,232.79 Period Value 5,240,872.87 Year-to-Date Value 5,251,123.87 430.00 (3,559,606.38) 2,164,805.86 (3,850,461.43) ($5,244,831.95) 3,005.96 (8,065.09) $1,232.79 Page 2 of 14 EFTA01572129 GHISLAINE MAXWELL ACCT. For the Period 4/1/14 to 4/30/14 Account Summary Tax Summary Domestic Dividends/Distributions Foreign Dividends Currency Gain/Loss Interest Income Taxable Income Tax-Exempt Income Bond Premium Amortization Tax-Exempt Income CONTINUED Current Period Value 1,232.79 48.87 (1,815.27) 1,046.88 $513.27 1,250.00 (1,043.70) $206.30 Year-to-Date Value 3,142.18 976.93 (12,926.08) 9,413.97 $607.00 5,000.00 (2,601.04) $2,398.96 ST Realized Gain/Loss LT Realized Gain/Loss Realized Gain/Loss Current Period Value Year-to-Date Value 36.33 21,985.40 $22,021.73 Note: * This summary is for informational purposes only and is not to be used for any financial or tax purposes. This summary does not include securities which are taxable at the federal level but are state exempt. This summary may not include all income derived from Municipal Securities; Please consult your tax advisor for tax implications. 1 Other category combines all the remaining Tax Exempt Income generated by securities in the account which may not have a state affiliation. EFTA01572130 Tax-Exempt Income Summary by State* MA MI Current Period Value (241.58) 691.66 Year-to-Date Value 451.06 691.66 Tax-Exempt Income Summary by State* TX Tax-Exempt Income Current Period Value (243.78) $206.30 Year-to-Date Value 1,256.24 $2,398.96 Page 3 of 14 EFTA01572131 GHISLAINE MAXWELL ACCT. For the Period 4/1/14 to 4/30/14 Cash & Fixed Income Detail Price Cash US DOLLAR 1.00 1,232.79 1,232.79 1,232.79 Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield Page 4 of 14 EFTA01572132 GHISLAINE MAXWELL ACCT. For the Period 4/1/14 to 4/30/14 Portfolio Activity Summary - U S Dollar Beginning Cash Balance PRINCIPAL Current Transactions INFLOWS Income Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS ** Total Outflows Withdrawals Ending Cash Balance $3,574.87 (3,119,932.63) ($3,119,932.63) $1,232.79 Period Value 3,117,590.55 3,574.87 Year-To-Date Value* -17,221.39 430.00 313,742.55 $331,393.94 (3,120,111.53) ($3,120,111.53) -$0.00 $0.00 INCOME Current Period Value 0.00 Year-To-Date Value* -$0.00 $0.00 $0.00 -Current Securities Transferred In/Out Securities Transferred Out Period Value (1,686,024.16) Year-To-Date Value* EFTA01572133 (1,686,024.16) Page 5 of 14 EFTA01572134 GHISLAINE MAXWELL ACCT. For the Period 4/1/14 to 4/30/14 Portfolio Activity Summary - U S Dollar Total Cost Adjustments Current Cost Adjustments Amortization Period Value (1,043.70) ($1,043.70) * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method 4/1 Municipal Interest Description MI ST MUNI BOND AUTH ST CLEAN WTR REVOLVING FD 5% OCT 01 2026 DTD 11/02/2006 HELD BY DTC BOOK ENTRY ONLY PAR CALL 10/01/2016 @ 100 (ID: 59455T-PF-3) 4/2 4/2 4/4 4/11 4/22 Interest Income Misc Disbursement 3PM CHASE CAPITAL XXIX 6.7% PFD @ 0.41875 PER SHARE (ID: 48125E-20-7) TRANSFER TO UBS FINANCIAL SERVICES INC. Misc Disbursement INTERNAL TRANSFER OF FUNDS AS REQUESTED AS OF 04/02/14 Foreign Dividend Misc Disbursement SCHLUMBERGER LTD @ 0.40 PER SHARE (ID: 806857-10-8) TRANSFER TO UBS FINANCIAL SERVICES INC. 113.000 0.40 2,500.000 0.419 1,046.88 (3,112,146.98) (459.00) 45.20 (3.31) EFTA01572135 Page 6 of 14 Quantity Cost 50,000.000 Per Unit Amount 0.025 PRINCIPAL Amount 1,250.00 INCOME Amount Year-To-Date Value* (2,601.04) ($2,601.04) EFTA01572136 GHISLAINE MAXWELL ACCT. For the Period 4/1/14 to 4/30/14 INFLOWS & OUTFLOWS Type Settle Date Selection Method 4/22 4/30 Misc Disbursement Div Domest Total Inflows & Outflows SECURITIES TRANSFERRED IN/OUT Notes: Settle Date Selection Method Securities Transferred Out 4/1 Free Delivery 4/2 4/2 Free Delivery Free Delivery Description 3PM NY MUNI MMKT FD - MORGAN FUND 3 TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 4812A0-81-3) APACHE CORP TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 037411-10-5) BANK OF AMERICA CORP MEDIUM TERM NOTE 3.6% NOV 15 2016 DTD 11/04/2010 TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 06050W-DW-2) 4/2 Free Delivery BANK OF AMERICA CORP TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 060505-10-4) (944.000) 10,148.85 (16,368.96) (95.000) 11,403.30 (150,000.000) 150,000.00 (157,830.00) (7,957.20) Description TRANSFER TO UBS FINANCIAL SERVICES INC. SPDR S&P 500 ETF TRUST @ 0.82461 PER SHARE (ID: 78462F-10-3) ($3,116,357.76) Quantity Cost EFTA01572137 Per Unit Amount 1,495.000 0.825 PRINCIPAL Amount (7,323.34) 1,232.79 INCOME Amount * Transaction Market Value is representative of the prior trading day's market value. This is for informational purposes only and is not to be used for any financial or tax purposes. The Transaction Market Value shown is in USD. Type Quantity Cost (1.000) 1.00 Transaction Market Value * (1.00) Page 7 of 14 EFTA01572138 GHISLAINE MAXWELL ACCT. For the Period 4/1/14 to 4/30/14 Notes: * Transaction Market Value is representative of the prior trading day's market value. This is for informational purposes only and is not to be used for any financial or tax purposes. The Transaction Market Value shown is in USD. Type Settle Date Selection Method Securities Transferred Out 4/2 Free Delivery Description BIRDVILLE TEXAS INDEPENDENT SCHOOL DIST PERM SCH GTD FUND UNLIMITED TAX 5% FEB 15 2029 DTD 01/15/2007 HELD BY DTC BOOK ENTRY ONLY PAR CALL 02/15/2017 @ 100 TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 090874-FV-5) 4/2 4/2 4/2 4/2 Free Delivery Free Delivery Free Delivery Free Delivery CITIGROUP INC NEW TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 172967-42-4) CITIGROUP CAPITAL XIII 7 7/8% PFD TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 173080-20-1) COUNTRYWIDE CAPITAL V 7% PFD TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 222388-20-9) GENERAL ELEC CAP CORP MEDIUM TERM FLOATING RATE NOTE MAY 11 2016 DTD 05/11/2007 TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 36962G-2V-5) 4/2 4/2 Free Delivery Free Delivery GENERAL MOTORS CO TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 37045V-10-0) GERON CORP TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 374163-10-3) (3,000.000) 18,129.32 EFTA01572139 (6,360.00) (1,373.000) 50,000.00 (47,148.82) (50,000.000) 45,394.50 (50,095.00) (4,200.000) 98,778.96 (107,184.00) (10,000.000) 261,300.00 (276,800.00) (358.000) 14,048.52 (17,112.40) Quantity Cost (100,000.000) 105,938.98 Transaction Market Value * (108,917.00) Page 8 of 14 EFTA01572140 GHISLAINE MAXWELL ACCT. For the Period 4/1/14 to 4/30/14 Notes: * Transaction Market Value is representative of the prior trading day's market value. This is for informational purposes only and is not to be used for any financial or tax purposes. The Transaction Market Value shown is in USD. Type Settle Date Selection Method Securities Transferred Out 4/2 Free Delivery Description HSBC FINANCE CORP MEDIUM TERM NOTE 2.9% OCT 15 2015 DTD 10/15/2010 TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 40429X-YB-6) 4/2 Free Delivery JPMORGAN CHASE & CO VAR RT PFD STK 04/30/2049 DTD 04/23/2008 TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 46625H-HA-1) 4/2 4/2 Free Delivery Free Delivery JPM CHASE CAPITAL XXIX 6.7% PFD TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 48125E-20-7) MA ST HLTH & EDUCTNL FACS AUTH REVENUE HARVARD UNIV 5% B JUL 15 2032 DTD 08/03/2005 HELD BY DTC BOOK ENTRY ONLY PAR CALL 07/15/2015 @ 100 TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 57586C-FW-0) 4/2 Free Delivery MI ST MUNI BOND AUTH ST CLEAN WTR REVOLVING FD 5% OCT 01 2026 DTD 11/02/2006 HELD BY DTC BOOK ENTRY ONLY PAR CALL 10/01/2016 @ 100 TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 59455T-PF-3) 4/2 4/2 Free Delivery Free Delivery SPDR S&P 500 ETF TRUST TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 78462F-10-3) SPDR GOLD TRUST TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 EFTA01572141 (ID: 78463V-10-7) Page 9 of 14 (190.000) 31,931.40 (23,444.10) (1,495.000) 250,407.85 (281,433.75) (50,000.000) 52,883.12 (54,802.50) (50,000.000) 51,475.19 (52,519.50) (2,500.000) 62,500.00 (64,475.00) (150,000.000) 157,909.17 (167,947.50) Quantity Cost (100,000.000) 100,000.00 Transaction Market Value * (102,538.00) EFTA01572142 GHISLAINE MAXWELL ACCT. For the Period 4/1/14 to 4/30/14 Notes: * Transaction Market Value is representative of the prior trading day's market value. This is for informational purposes only and is not to be used for any financial or tax purposes. The Transaction Market Value shown is in USD. Type Settle Date Selection Method Securities Transferred Out 4/2 Free Delivery 4/2 4/22 Free Delivery Free Delivery Total Securities Transferred Out COST ADJUSTMENTS Settle Date 4/1 Type Amortization Description MI ST MUNI BOND AUTH ST CLEAN WTR REVOLVING FD 5% OCT 01 2026 DTD 11/02/2006 HELD BY DTC BOOK ENTRY ONLY PAR CALL 10/01/2016 @ 100 MUNICIPAL BOND PREMIUM AMORTIZATIO (ID: 59455T-PF-3) 4/2 Amortization BIRDVILLE TEXAS INDEPENDENT SCHOOL DIST PERM SCH GTD FUND UNLIMITED TAX 5% FEB 15 2029 DTD 01/15/2007 HELD BY DTC BOOK ENTRY ONLY PAR CALL 02/15/2017 @ 100 MUNICIPAL BOND PREMIUM AMORTIZATIO (ID: 090874-FV-5) 100,000.000 (243.78) Quantity 50,000.000 Cost Basis Adjustments (555.21) Description SCHLUMBERGER LTD TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 806857-10-8) TWITTER INC TRANSFER TO UBS FINANCIAL SERVICES INC. TRADE DATE 04/01/14 (ID: 90184L-10-2) ETFS METAL SECURITIES LTD ISIN JE00B1VS3770 SEDOL BlVS377 (ID: 131994-91-5) (2,000.000) 90,320.00 EFTA01572143 (301.000) 45,068.38 (93,960.00) (38,059.95) ($1,686,024.16) Quantity Cost (113.000) 9,524.04 Transaction Market Value * (11,069.48) Page 10 of 14 EFTA01572144 GHISLAINE MAXWELL ACCT. For the Period 4/1/14 to 4/30/14 COST ADJUSTMENTS Settle Date 4/2 Type Amortization Description MA ST HLTH & EDUCTNL FACS AUTH REVENUE HARVARD UNIV 5% B JUL 15 2032 DTD 08/03/2005 HELD BY DTC BOOK ENTRY ONLY PAR CALL 07/15/2015 @ 100 MUNICIPAL BOND PREMIUM AMORTIZATIO (ID: 57586C-FW-0) 4/2 Amortization MI ST MUNI BOND AUTH ST CLEAN WTR REVOLVING FD 5% OCT 01 2026 DTD 11/02/2006 HELD BY DTC BOOK ENTRY ONLY PAR CALL 10/01/2016 @ 100 MUNICIPAL BOND PREMIUM AMORTIZATIO (ID: 59455T-PF-3) Total Cost Adjustments ($1,043.70) 50,000.000 (3.13) Quantity 50,000.000 Cost Basis Adjustments (241.58) Page 11 of 14 EFTA01572145 GHISLAINE MAXWELL ACCT. For the Period 4/1/14 to 4/30/14 Portfolio Activity Summary - Pound Sterling PRINCIPAL US Dollar Value Current Transactions Income INFLOWS Total Inflows OUTFLOWS ** Withdrawals Tax Payments Total Outflows TRADE ACTIVITY Total Trade Activity Settled Sales/Maturities/Redemptions $0.00 Ending Cash Balance -Period Value Beginning Cash Balance -3.67 $3.67 (439,125.90) (0.37) ($439,126.27) Year-To-Date Value* -896.42 $896.42 (439,125.90) (0.37) ($439,126.27) 439,129.30 $439,129.30 -Local Value Current Period Value 263,967.18 2.19 2.19 (263,969.15) (0.22) (263,969.37) Year-To-Date Value* -543.50 543.50 (263,969.15) EFTA01572146 (0.22) (263,969.37) 0.00 0.00 262,870.54 262,870.54 -Page 12 of 14 EFTA01572147 GHISLAINE MAXWELL ACCT. For the Period 4/1/14 to 4/30/14 Portfolio Activity Summary - Pound Sterling INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position Portfolio Activity Detail - Pound Sterling INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 4/2 4/10 4/10 Description Misc Disbursement GBP DELD TO BARCLAYS BANK PLC GHISLAINE MAXWELL POUND STERLING (ID: OGBPPR-AA-9) Foreign Dividend FGN Tax Withheld RIO TINTO PLC ISIN GB0007188757 SEDOL 0718875 @ 0.731333 PER SHARE (ID: 766994-90-9) RIO TINTO PLC ISIN GB0007188757 SEDOL 0718875 TAX WITHHELD UNITED KINGDOM 10.00% (ID: OGBPPR-AA-9) Quantity (263,967.180) 3.000 (0.220) 1.223 0.73 Amount USD Local Value PRINCIPAL Amount USD Local Value EFTA01572148 (439,122.59) (263,967.18) 3.67 2.19 (0.37) (0.22) INCOME Amount USD Local Value Currency Gain/Loss USD (1,815.28) Year-To-Date Value* --Page 13 of 14 EFTA01572149 GHISLAINE MAXWELL ACCT. For the Period 4/1/14 to 4/30/14 INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 4/28 Description Misc Disbursement GBP DELD TO BARCLAYS BANK PLC GHISLAINE MAXWELL POUND STERLING (ID: OGBPPR-AA-9) Total Inflows & Outflows Quantity (1.970) Amount USD Local Value PRINCIPAL Amount USD Local Value (3.31) (1.97) ($439,122.60) INCOME Amount USD Local Value Currency Gain/Loss USD 0.01 ($1,815.27) Page 14 of 14 EFTA01572150 For the Period 4/1/14 to 4/30/14 For your convenience we have combined statement(s) for activity you conduct through J.P. Morgan in one package. Below are important disclosures relating to these different accounts. These statements may relate to various account types. Some of the disclosures are applicable to all of your accounts. For ease of reference the disclosures applicable to a particular type of account have been grouped together by descriptive headers. IMPORTANT GENERAL INFORMATION APPLICABLE TO ALL OF YOUR ACCOUNT(S) Important Information about Pricing ,Valuations, Estimated Annual Income, and Estimated Yield Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein, some of which has been provided by pricing sources that J.P. Morgan believes to be reliable, is not guaranteed for accuracy but provided for informational purposes and is furnished for the exclusive use of the client. The current price is the value of the financial asset share, unit or contract as priced at the close of the market on the last day of the statement period or the last available price. All values provided for structured yield deposits (for example, JPMorgan London Time Deposits) reflect the original deposit amount only. The value for Real Estate, Mineral Interests and Miscellaneous Assets may not reflect the most current value of the asset. Important information regarding Auction Rate Securities (ARS). ARS are debt or preferred securities with an interest or dividend rate reset periodically in an auction. Although there may be daily, weekly and monthly resets, there is no guarantee that there will be liquidity. If there are not enough bids at an auction to redeem the securities available for sale, the result may be a failed auction. In the event of a failed auction, there is no assurance that a secondary market will develop or that the security will trade at par or any other price reflected on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. When J.P. Morgan is unable to obtain a price from an internal or outside source for a particular ARS, the price column on your statement will indicate "unpriced". Valuations of over-the-counter derivative transactions, including certain derivatives-related deposit products, have been prepared on a mid-market basis. These valuations are sourced from the various issuers of the securities or they are sourced from a third party valuation provider. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for details of each transaction. Certain assets, including but not limited to, pooled and private investments, non-publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of such asset may have been provided to us by third EFTA01572151 parties who may or may not be independent of the issuer or manager. Such information is reflected as of the last date provided to us, and is not independently verified. In cases where we are unable to obtain a current market value from an internal or outside source for a particular security, the price column on your statement will indicate "unpriced". Although such securities may have value, please note that the value of a security indicated as "unpriced" will not be included in your overall current market value as reflected on the statement. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted value represents the actual terms at which securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated. Such values may only be indicative. When we are unable to obtain a current value from an internal or outside source for a particular security, the price column on your statement will indicate "unpriced". If a partial call is made with respect to an issue of securities included in your Accounts we will allocate the call by a method we deem fair and equitable. To the extent applicable, please note the following regarding estimated annual income (EAI) and estimated yield (EY): EAI and EY for certain types of securities could include a return of principal or capital gains in which case the EAI and EY would be overstated. EAI and EY are estimates and the actual income and yield might be lower or higher than the estimated amounts. EY reflects only the income generated by an investment. It does not reflect changes in its price, which may fluctuate. Offshore Deposits - London and Nassau Disclosures Page 1 of 4 EFTA01572152 For the Period 4/1/14 to 4/30/14 Deposits in Foreign Branches are not insured by the FDIC or any other Agency of the Federal Government; amounts in such foreign accounts do not have the benefit of any domestic preference applicable to U.S Banks; certain Foreign accounts are considered reportable to the Internal Revenue Service on a Report of Foreign Bank and Financial Accounts (TD F 90-22.1). Bank products and services are offered through JPMorgan Chase Bank, N.A. ("JPMCB") and its banking affiliates. Securities are offered by J.P.Morgan Securities LLC ("JPMS") and, to the extent noted below, cleared through J.P. Morgan Clearing Corp. ("JPMCC"). Neither JPMS, nor JPMCC is a bank and are each separate legal entities from its bank or thrift affiliates. Investment Products: Not FDIC Insured -No Bank Guarantee -May Lose Value Fund manager disclosure information available upon request If you have an investment account that is managed by an SEC-Registered Investment Advisor, J.P. Morgan will provide a copy of the advisor's Form ADV II or brochure upon written request. These statements are not official documents for income tax reporting purposes and should not be relied upon for such purposes, including determination of income, cost basis, amortization or accretion, or gain/loss. Such information, which may be inaccurate, incomplete or subject to updating, should be confirmed with your records and your tax advisor. Please take the steps indicated below if you think statement(s) are incorrect or contact your J.P.Morgan team if you require additional information about a transaction on your statement(s). IMPORTANT ADDITIONAL INFORMATION APPLICABLE ONLY TO YOUR ASSET ACCOUNT(S) (LINKED TO JPMS) Your Asset Account consists of a bank account that custodies assets linked to a brokerage account through which securities transactions are executed. As a result, the Asset Account statement(s) reflect brokerage transactions executed through JPMS but (except for exchange listed options) held in custody at JPMCB. Securities purchased or sold through JPMS in U.S. markets (other then mutual funds) are cleared through an affiliate of JPMS, in non-U.S. markets securities are cleared through JPMS. Positions in exchange-listed options are held by JPMCC. For your convenience, however, positions in exchange-listed options are presented in Asset Account statement(s) together with other assets held in such account(s). All pertinent information about your settled and pending purchases and sales effected through your JPMS account during the period covered by these statement(s), is summarized in the "Trade Activity" portion of the statement(s). In Case of Other Errors or Questions About Your Asset Account Statement(s) Please review your statement(s) and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, unaccounted cash positions, EFTA01572153 improper payments or transfers in writing to both the introducing broker, JPMS and the clearing firm, JPMCC at the addresses shown on your statement(s). Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act (SIPA). If you have any questions please contact your J.P.Morgan team. In your written communication, please provide the following information: (1) your name and account number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can, why you believe there is an error. If you need more information, you must describe the item you are unsure about. We must receive your written communication no later than 30 days after the statement on which the error or problem appeared is sent or made available. If you do not so notify us, you agree that the statement activity and account balance(s) are correct. JPMCC and JPMS are members of the Securities Investor Protection Corp ("SIPC"), a not-for-profit membership corporation funded by broker-dealers registered with the Securities and Exchange Commission. Securities and cash held for a customer at JPMCC are protected by SIPC up to $500,000 per customer, which includes up to $250,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMCB are not subject to SIPC. You may obtain information about SIPC, including the SIPC Brochure, on their website, at "www.sipc.org" or by contacting them at (202) 371-8300. In Case of Errors or Questions About Your Electronic Transfers. Disclosures Page 2 of 4 EFTA01572154 For the Period 4/1/14 to 4/30/14 Contact your J.P. Morgan Team at one of the telephone numbers on the front of your statements or write us at J.P. Morgan, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107 as soon as you can, if you think your statement is wrong or if you need more information about a transfer on the statement. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. (1) Tell us your name and account number. (2) Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. (3) Tell us the dollar amount of the suspected error. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days (or 20 business days for new accounts) to do this, we will credit your account for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. In Case of Errors or Questions About Non-Electronic Transfers (Checks or Deposits) Contact JPMorgan Chase Bank, N.A. ("JPMCB") Member FDIC immediately if a statement is incorrect or if you need more information about any non- electronic transactions (checks or deposits) on this statement. If any such error appears, you must notify the bank in writing as soon as possible after your statement was made available to you. For more complete details, see the applicable account agreements and appendices that govern your account. Deposit products and services are offered by JPMCB Member FDIC. You must promptly advise your J.P.Morgan representative of material changes in your investment objectives or financial situation or if you wish to modify the management of your account. Unless you inform otherwise, your J.P.Morgan representative will consider the information currently in its files to be complete and accurate. With reference to JPMS and JPMCC: A financial statement of this organization is available to you for personal inspection at its offices, or a copy will be mailed to you upon written request. You should have received (or have made available to you) separate confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of transactions, including options transactions, has been included in confirmations that were previously furnished or have made available to you. Upon written request, JPMS will promptly supply you with the latest information. PRODUCT RELATED DISCLOSURE: IMPORTANT INFORMATION ABOUT ALTERNATIVE INVESTMENTS: FOOTNOTES 1 - 4 Private Equity, Hedge Funds, Exchange Funds, Real Estate and Other Alternative Assets EFTA01572155 I. Direct private equity investments and pooled private investments (e.g., interests in limited partnerships and limited liability companies) are generally illiquid securities. Values are estimates only and are not warranted for accuracy or completeness. Values do not represent the actual terms at which transactions or securities could be bought or sold or new transactions could be entered into or the actual terms on which existing transactions could be liquidated as of the date of this statement. Direct private equity investments are generally valued at cost, unless there is an active secondary trading market in the securities, in which case, direct private equity investments are valued using market prices as of the close of the last business day for this statement period Pooled private equity investments are valued according to the General Partner's or Manager's stated methodology. Please refer to the limited partnership agreement, limited liability company agreement or other operative documentation for each investment for the specific valuation methodology used by the General Partner or Manager for that investment or for your Investment Management or Trust account contact your J.P. Morgan team. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the information and the methodology used by the General Partner or Manager in deriving valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Disclosures Page 3 of 4 EFTA01572156 For the Period 4/1/14 to 4/30/14 Hedge funds generally calculate the price (the "Net Asset Value" or " NAV"), 10-15 business days following the last business day of the month. For that reason, hedge fund NAVs shown will generally be the NAV of the month preceding this statement period. In general, the NAV is stated net of management and incentive fees. The NAV is calculated according to the General Partner's or Manager's stated methodology. Please refer to the limited partnership agreement, limited liability company agreement or other operative documentation for each hedge fund for the specific methodology used by the General Partner or Manager for that hedge fund or for your Investment Management or Trust account contact your J.P. Morgan team. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the information and the methodology used by the General Partner or Manager in deriving valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. These statements do not provide tax reporting on private investments. Please continue to rely upon the General Partner or Manager of the investment vehicle for this information or for your Investment Management or Trust account contact your J.P. Morgan team. 2. The 'Capital Called Since Inception USD' and 'Cash/Security distributions Since Inception USD' columns are updated monthly to reflect activity (capital calls and distributions), if any. 3. Hedge funds generally allow subscriptions on a monthly or quarterly basis. An interest in a hedge fund or hedge fund of funds is generally as of the first business day of the subscription period. Due to early funding requirements by the applicable fund, your account may be debited for the subscription amount prior to the subscription date. Please refer to the applicable hedge fund's operative documentation for further details or for your Investment Management or Trust account contact your J.P. Morgan team. Hedge fund redemptions are generally on a monthly, quarterly or annual basis but can sometimes be subject to a multi-year lockup before a redemption is permitted. For redemptions, there is generally a notification period that can be a long interval before the actual redemption date. Redemption proceeds are generally paid 15 calendar days after the final NAV is issued, but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund has been completed. Please refer to the applicable hedge fund's operative documentation for further details or for your Investment Management or Trust account contact your J.P. Morgan team. Global Access Portfolios share certain characteristics with hedge funds. In particular, an investor who withdraws from a Global Access Portfolio will not receive the withdrawal proceeds in their entirety until 30-60 days after completion of the Portfolio's audit, which may be 18 months or longer after the redemption date. Interest might not be paid on any proceeds pending distribution. These restrictions apply even if the investor's account at JPMorgan is closed. The Confidential Private Placement Memorandum and applicable Supplements contain other EFTA01572157 important information about the Global Access Portfolios and are available upon request or for your Investment Management or Trust account contact your J.P. Morgan team. 4. Alternative assets may include publicly available mutual funds that utilize non-traditional investment management strategies, for example, strategies commonly employed by hedge funds. Mutual funds generally calculate the price (the "Net Asset Value" or "NAV") on a daily basis and mutual fund NAVs shown on your statement generally will be the NAV as of the close of the last business day for this statement period. Please refer to the applicable mutual fund prospectus for further details. If the applicable mutual fund is a JPMorgan Fund, please refer to disclosures on this statement concerning 3PMorgan Funds for other important information. Disclosures Page 4 of 4 EFTA01572158