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y, where he focused on raising capital to finance large projects. Prior to working with Applied, Mr. Novogratz held various positions at Scient and Goldman Sachs Asset Management. Mr. Novogratz graduated from the College of William & Mary with a BA in Economics. • Peter Santoro, 47 Coined in May 2017), is Millennium's Global
76 CONFIDENTIAL UBSTERRAMAR00004079 EFTA00239411 FOR EXISTING INVESTOR USE ONLY Certain Tax Matters Relating to the Master Partnership Certain Cayman Islands Tax Matters THE FOLLOWING IS A SUMMARY OF CERTAIN CAYMAN ISLANDS TAX CONSEQUENCES TO PERSONS WHO PURCHASE INTERESTS IN THE OFFERING. THE DISCUSSION IS BASED U
y, where he focused on raising capital to finance large projects. Prior to working with Applied, Mr. Novogratz held various positions at Scient and Goldman Sachs Asset Management. Mr. Novogratz graduated from the College of William & Mary with a BA in Economics. He is a member of the Executive Committee and the Investment Ri
limited partnership in the Cayman Islands and therefore, as described below under "Certain Tax Matters Relating to the Master Partnership — Certain Cayman Islands Tax Matters," general and limited partners in the Master Partnership are not currently subject to income, corporation, capital gains or other taxes in the Cayma
y, where he focused on raising capital to finance large projects. Prior to working with Applied, Mr. Novogratz held various positions at Scient and Goldman Sachs Asset Management. Mr. Novogratz graduated from the College of William & Mary with a BA in Economics. He is a member of the Executive Committee and the Investment Ri
limited partnership in the Cayman Islands and therefore, as described below under "Certain Tax Matters Relating to the Master Partnership — Certain Cayman Islands Tax Matters," general and limited partners in the Master Partnership are not currently subject to income, corporation, capital gains or other taxes in the Cayma
Entities connected to both Goldman Sachs Asset Management and Cayman Islands Tax Matters

England
LOCATIONMillennium USA LP
ORGANIZATION
Millennium
ORGANIZATION
United States
LOCATIONErnst & Young LLP
ORGANIZATIONLehman
ORGANIZATION
Mohammed bin Salman
PERSONthe Cayman Islands Monetary Authority
ORGANIZATIONthe Mutual Funds Law
ORGANIZATION
New York State
LOCATION
New York
LOCATIONCayman
LOCATIONthe Non-USD Shares
ORGANIZATION
JPMorgan Chase
ORGANIZATION
Tokyo
LOCATIONJohn Novogratz
PERSON
Federal Reserve
ORGANIZATIONthe "Service
ORGANIZATIONNovogratz
PERSON
Ghislaine Maxwell
PERSON