SELLING RESTRICTIONS OUTSIDE OF CANADA

The distribution of the United pools and the offering or purchase of the units may be restricted in certain jurisdictions outside of Canada. No persons receiving a copy of a prospectus from this site in any such jurisdiction may treat a prospectus as an invitation to purchase units unless such an invitation could be lawfully made to them in compliance with any registration or other legal requirements. A prospectus obtained from this site is not an offer or solicitation by anyone in any jurisdiction where such offer or solicitation is unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such an offer or solicitation. It is the responsibility of any persons in the possession of a prospectus from this site and any persons wishing to apply for units pursuant to a prospectus, to inform themselves of, and to observe, all applicable laws and regulations of any relevant jurisdiction. Prospective purchasers of units should inform themselves as to the legal requirements of such purchases and any applicable exchange control regulations and taxes in the countries of their respective citizenship, residence, incorporation or domicile.

Neither the United pools nor the manager shall have any obligation to make any filings or do any acts in order to permit such offerings in any jurisdiction and shall be entitled to require evidence that an offering to the investor in such jurisdiction is in compliance with the local laws.

The units have not been and will not be registered for sale under U.S. securities laws and may not be offered or sold directly or indirectly in the United States or to any U.S. person (including any citizen or resident of the United States, any partnership or corporation organized or incorporated under the laws of the United States and certain estates and trusts organized under U.S. laws.