Epstein Secrets

ributions or payments up to, but in no event in excess of, the aggregate amount of returns of capital and other amounts actually received by it from Millennium USA during or after the fiscal year to which such debt or obligation is attributable. Term; Dissolution. Millennium USA will continue until the ear

conduct. The Indemnified Parties will agree that in the event an Indemnified Party receives any such advance, such Indemnified Party will reimburse Millennium USA for such fees, costs and expenses to the extent it is determined that it was not entitled to indemnification. The indemnification provisions o

them. See "The Fund's Investment Program and Strategy." As discussed under "The Fund's Investment Program and Description: Eligible Investments," Millennium does not establish fixed guidelines regarding diversification of investments to be followed by the Fund; the Fund is authorized to invest in a

Valuation Committee of the General Partner. • David Nolan, 63 (joined in 2001), is the General Partner's Co-President and Chief Risk Officer. Mr. Nolan is responsible for the Master Partnership's risk management function, which monitors the Master Partnership's overall portfolio and risk exposure.

(the Chairman and Chief Executive Officer of the General Partner), Terry Feeney (Co-President and Chief Operating Officer of the General Partner), David Nolan (Co-President and Chief Risk Officer of the General Partner), Michael Gelband (Senior Managing Director and the Global Head of Fixed Income of the

(as opposed to through Portfolio Managers) utilizing any of the strategies described herein, or utilizing other strategies as deemed appropriate by Millennium. The Fund may provide seed capital or early stage capital, as well as negotiated capital, to one or more new or established Portfolio Managers. Mil

its affiliated management companies, Millennium retains the right to organize additional investment vehicles, and frequently considers doing so. If Millennium (or an affiliate) were to organize one or more such additional funds, there would be a number of conflicts between them and the Master Partnership

ium. The Fund may provide seed capital or early stage capital, as well as negotiated capital, to one or more new or established Portfolio Managers. Millennium may seek to enhance the return the Fund receives from such investments through various contractual arrangements that provide the Fund with reduced

Feeder Fund investors are used to support the foundation. U.K. and Asia Structures - Inter-Compaq)) Loans MCP UK is currently indirectly owned by David Nolan, Co-President of the General Partner. The capital to establish, capitalize and maintain MCP UK was loaned to Mr. Nolan by the Master Partnership, a

ly indirectly owned by David Nolan, Co-President of the General Partner. The capital to establish, capitalize and maintain MCP UK was loaned to Mr. Nolan by the Master Partnership, and that receivable remains outstanding to the Master Partnership. The loan is secured by Mr. Nolan's interest in MCP UK

ributions or payments up to, but in no event in excess of, the aggregate amount of returns of capital and other amounts actually received by it from Millennium USA during or after the fiscal year to which such debt or obligation is attributable. Term; Dissolution. Millennium USA will continue until the ear

conduct. The Indemnified Parties will agree that in the event an Indemnified Party receives any such advance, such Indemnified Party will reimburse Millennium USA for such fees, costs and expenses to the extent it is determined that it was not entitled to indemnification. The indemnification provisions o

them. See "The Fund's Investment Program and Strategy." As discussed under "The Fund's Investment Program and Description: Eligible Investments," Millennium does not establish fixed guidelines regarding diversification of investments to be followed by the Fund; the Fund is authorized to invest in a

(the Chairman and Chief Executive Officer of the General Partner), Terry Feeney (Co-President and Chief Operating Officer of the General Partner), David Nolan (Co-President and Chief Risk Officer of the General Partner), Michael Gelband (Senior Managing Director and the Global Head of Fixed Income of the

Valuation Committee of the General Partner. • David Nolan, 63 (joined in 2001), is the General Partner's Co-President and Chief Risk Officer. Mr. Nolan is responsible for the Master Partnership's risk management function, which monitors the Master Partnership's overall portfolio and risk exposure.

(as opposed to through Portfolio Managers) utilizing any of the strategies described herein, or utilizing other strategies as deemed appropriate by Millennium. The Fund may provide seed capital or early stage capital, as well as negotiated capital, to one or more new or established Portfolio Managers. Mil

its affiliated management companies, Millennium retains the right to organize additional investment vehicles, and frequently considers doing so. If Millennium (or an affiliate) were to organize one or more such additional funds, there would be a number of conflicts between them and the Master Partnership

ium. The Fund may provide seed capital or early stage capital, as well as negotiated capital, to one or more new or established Portfolio Managers. Millennium may seek to enhance the return the Fund receives from such investments through various contractual arrangements that provide the Fund with reduced

Feeder Fund investors are used to support the foundation. U.K. and Asia Structures - Inter-Compaq)) Loans MCP UK is currently indirectly owned by David Nolan, Co-President of the General Partner. The capital to establish, capitalize and maintain MCP UK was loaned to Mr. Nolan by the Master Partnership, a

ly indirectly owned by David Nolan, Co-President of the General Partner. The capital to establish, capitalize and maintain MCP UK was loaned to Mr. Nolan by the Master Partnership, and that receivable remains outstanding to the Master Partnership. The loan is secured by Mr. Nolan's interest in MCP UK

January 1998 Millennium USA LP (Class Interests) formed January 1998 Millennium International Ltd. (Class FF-Ill Shares) formed January 1998 Millennium feeder funds invest in: Millennium Partners, LP (the "Millennium Master Fund") formed 1989 Investors in the AlphaKeys Millennium Funds are not sh

rivate and confidential 2 CONFIDENTIAL UBSTERFtAMAR00001170 EFTA00236816 AlphaKeys Millennium Funds its capital in Millennium Partners,LP(the:Millennium Master Fund").The AlphaKeys Millennium Funds 9.r!'ests its capital in Millennium Partners, LP (the "Millennium Master Fund").The AlphaKeys Millenniu

Lorne graduated cum laude with an A.B. from Occidental College and received his J.D., magna cum laude, from the University of Michigan Law School. David Nolan Vice Chairman - Chief Risk Offker Joined in 2001 Mr. Nolan is Millennium's Co•President and Chief Risk Officer. Mr. Nolan is responsible for Mille

received his J.D., magna cum laude, from the University of Michigan Law School. David Nolan Vice Chairman - Chief Risk Offker Joined in 2001 Mr. Nolan is Millennium's Co•President and Chief Risk Officer. Mr. Nolan is responsible for Millennium's risk management function which monitors Millennium's