Epstein Secrets

p," which is defined, generally, as a partnership which meets the gross income requirements of Section 851(bX2) of the Code. New York State (but not New York City) has adopted regulations that also include income and gains from commodity transactions described in Section 864(b)(2)(BXiii) as qualifying gross in

es in such circumstances. Millennium USA's Independent Public Accountants Millennium USA has retained Ernst & Young LLP, 5 Times Square, New York, New York 10036, certified public accountants, as its auditor. ML281817-MAXWELL I40 CONFIDENTIAL UBSTERRAMAR00002410 EFTA00237966 APPENDIX I TO PART ONE

investors" and "qualified purchasers" under the U.S. federal securities laws. Millennium International primarily invests its capital indirectly in the Master Fund, through its investment in Millennium Offshore Intermediate, L.P. ("Millennium Offshore Intermediate"), a Cayman Islands exempted limited partnersh

p," which is defined, generally, as a partnership which meets the gross income requirements of Section 851(bX2) of the Code. New York State (but not New York City) has adopted regulations that also include income and gains from commodity transactions described in Section 864(b)(2)(BXiii) as qualifying gross in

es in such circumstances. Millennium USA's Independent Public Accountants Millennium USA has retained Ernst & Young LLP, 5 Times Square, New York, New York 10036, certified public accountants, as its auditor. -MAXWELL I-80 CONFIDENTIAL UBSTERRAMAR00001357 EFTA00237003 APPENDIX I TO PART ONE: DESCR

investors" and "qualified purchasers" under the U.S. federal securities laws. Millennium International primarily invests its capital indirectly in the Master Fund, through its investment in Millennium Offshore Intermediate, •. ("Millennium Offshore Intermediate"), a Cayman Islands exempted limited partnershi

ther entity or any governmental agency or political subdivision thereof. "Prime Rate" means the rate of interest published from time to time in the New York edition of The Wall Street Journal as the prime rate. "Securities Act" means the U.S. Securities Act of 1933, as amended from time to time, or any

liated Limited Partners" means Limited Partners other than any Limited Partner that is an Affiliate of the General Partner or the Manager, excluding the Master Fund, which shall be deemed an Unaffiliated Limited Partner to the extent any consents, votes or authorizations are made by any independent advisory com

ther entity or any governmental agency or political subdivision thereof. "Prime Rate" means the rate of interest published from time to time in the New York edition of The Wall Street Journal as the prime rate. "Securities Act" means the U.S. Securities Act of 1933, as amended from time to time, or any

liated Limited Partners" means Limited Partners other than any Limited Partner that is an Affiliate of the General Partner or the Manager, excluding the Master Fund, which shall be deemed an Unaffiliated Limited Partner to the extent any consents, votes or authorizations are made by any independent advisory com

ther entity or any governmental agency or political subdivision thereof. "Prime Rate" means the rate of interest published from time to time in the New York edition of The Wall Street Journal as the prime rate. "Securities Act" means the U.S. Securities Act of 1933, as amended from time to time, or any

liated Limited Partners" means Limited Partners other than any Limited Partner that is an Affiliate of the General Partner or the Manager, excluding the Master Fund, which shall be deemed an Unaffiliated Limited Partner to the extent any consents, votes or authorizations are made by any independent advisory com

es not tax individuals who are not residents of New York City. A Partner which is a non-New York corporation may not be subject to New York State or New York City tax solely as a result of being a Partner in the Partnership because of an exception for limited partners in portfolio investment partnerships, whic

ifficult for private investment funds to access sources of leverage. To the extent that the Bailout Bill does not help eliminate the credit crunch, the Master Fund may be unable to access sources of leverage. No Separate Legal Counsel. Kleinberg, Kaplan, Wolff, & Cohen P.C. ("KKWC") acts as legal counsel to t

. Banque Arabe et Internationale D 'Investissement v. 20 Claimants' breath of fiduciary duty claim also must be dismissed as a matter of law because New York's Martin Act bars Claimants' claim for breach of fiduciary duty. See N.Y. Gen. Bus. Law §§ 352a -352c (McKinney 2007). The Martin Act entrusts to New

Master Funds "will be capable of using leverage to invest in securities with an aggregate value of as much as•fifteen times the Net Asset Value of the Master Fund," they would genitally operate up to a net leverage of ten times the net asset value of investments on a gross basis. (See e.g., Exh. L at 9; Exh. M