Epstein Secrets

Interest 13 ARTICLE Di Management of Partnership 14 Sec. 3.01 Management Generally 14 Sec. 3.02 Authority of General Partner 14 Sec. 3.03 Reliance by Third Parties 15 Sec. 3.04 Activity of General Partner 15 Sec. 3.05 Exculpation 16 Sec. 3.06 Indemnification 16 Sec. 3.07 Management F

reciation or Depreciation" means, for any Accounting Period, the amount computed as of the last day thereof by which (i) gross revenues during such Accounting Period, including dividends, income, distributions, the proceeds of sales, the Value of investments distributed in kind and Unrealized Gain, exceeds (in t

ion, Incapacity or Bankruptcy of a General Partner 25 8.6 Death, Incapacity or Bankruptcy of a Limited Partner 26 8.7 Other Interests 27 8.8 Reliance by Third Parties 27 8.9 Reimbursement of Expenses 28 8.10 Liability and Indemnity 28 8.11 Limited Liability 29 ARTICLE IX SUBSTITUTION; AD

sustain. ARTICLE IV ALLOCATION OF PROFIT AND LOSS 4.1 Allocation of Profits and Losses. 4.1.1 The Partnership's Net Profit and Net Loss for any Accounting Period shall be allocated among the Partners in proportion to their Percentage Interests. 4.1.2 The Partnership's items of income, gain, loss and deductio

ion, Incapacity or Bankruptcy of a General Partner 25 8.6 Death, Incapacity or Bankruptcy of a Limited Partner 26 8.7 Other Interests 27 8.8 Reliance by Third Parties 27 8.9 Reimbursement of Expenses X28 8.10 Liability and Indemnity 28 8.11 Limited Liability 29 ARTICLE IX SUBSTITUTION; A

sustain. ARTICLE IV ALLOCATION OF PROFIT AND LOSS 4.1 Allocation of Profits and Losses. 4.1.1 The Partnership's Net Profit and Net Loss for any Accounting Period shall be allocated among the Partners in proportion to their Percentage Interests. 4.1.2 The Partnership's items of income, gain, loss and deductio

ion, Incapacity or Bankruptcy of a General Partner 25 8.6 Death, Incapacity or Bankruptcy of a Limited Partner 26 8.7 Other Interests 27 8.8 Reliance by Third Parties 27 8.9 Reimbursement of Expenses 28 8.10 Liability and Indemnity 28 8.11 Limited Liability 29 ARTICLE IX SUBSTITUTION; AD

sustain. ARTICLE IV ALLOCATION OF PROFIT AND LOSS 4.1 Allocation of Profits and Losses. 4.1.1 The Partnership's Net Profit and Net Loss for any Accounting Period shall be allocated among the Partners in proportion to their Percentage Interests. 4.1.2 The Partnership's items of income, gain, loss and deductio

Death, Dissolution, Incapacity or Bankruptcy of a Manager 24 8.6 Death, Incapacity or Bankruptcy of a Member 25 8.7 Other Interests 26 8.8 Reliance by Third Parties 26 8.9 Reimbursement of Expenses 27 8.10 Liability and Indemnity 27 8.11 Limited Liability 28 ARTICLE IX SUBSTITUTION; AD

may sustain. ARTICLE IV ALLOCATION OF PROFIT AND LOSS 4.1 Allocation of Profits and Losses. 4.1.1 The Company's Net Profit and Net Loss for any Accounting Period shall be allocated among the Members in proportion to their Percentage Interests. 4.1.2 The Company's items of income, gain, loss and deduction sha

permitted to do so. II-12 CONFIDENTIAL UBSTERRAMAR00004015 EFTA00239347 FOR EXISTING INVESTOR USE ONLY Business Dependent on Key Individuals; Reliance on Portfolio Managers The success of the Fund is significantly dependent upon the expertise of a number of individuals including certain of those i

pital account of a Limited Partner upon its creation, the opening balance of which is zero. At "Accounting Period" means the following periods: each Accounting Period shall commcncc immediately after the close of the inunediately preceding Accounting Period: each Accounting Period shall close at the close of busi

s from the other Feeder Funds' investors, which could adversely affect the value of an investor's interests. Business Dependent on Key Individuals; Reliance on Portfolio Managers The success of the Fund is significantly dependent upon the expertise of a number of individuals, including, Israel A. Englan

of "Accounting Period" means the following periods: each Accounting Period shall commence immediately after the close of the immediately preceding Accounting Period; each Accounting Period shall close at the close of business on the first to occur of (i) the last day of Millennium USA's fiscal quarter (which sha

s from the other Feeder Funds' investors, which could adversely affect the value of an investor's interests. Business Dependent on Key Individuals; Reliance on Portfolio Managers The success of the Fund is significantly dependent upon the expertise of a number of individuals, including, Israel A. Englan

of "Accounting Period" means the following periods: each Accounting Period shall commence immediately after the close of the immediately preceding Accounting Period; each Accounting Period shall close at the close of business on the first to occur of (i) the last day of Millennium USA's fiscal quarter (which sha