UBS AMERICAS INC.

Issues related to the taxation of bonds, Net Operating Loss, Base Erosion Anti-Abuse Tax (BEAT) and international tax issues, Corporate Alternative Minimum Tax (CAMT), Donor Advised Funds, and US-Swiss Tax Treaty.

Regulatory Implementation of Dodd-Frank Wall Street Reform Act (including swap rules, capital and other prudential requirements, Volcker Rule and fiduciary standards). Financial regulatory reform legislation. Measures considered by the Securities and Exchange Commission pertaining to market structure issues and fiduciary/best interest standards for brokers. Legislation on industrial loan company charters. Legislation on digital asset regulation.