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. Millennium USA carries out its investment and trading activities primarily by investing in Millennium Partners, L.P. (the "Master Partnership"), a Cayman Islands exempted limited partnership initially organized in 1989 as a Delaware limited partnership, but it may also trade and invest part of its ca
of each calendar quarter, subject to the timely receipt of a notice of withdrawal. However, it should be noted that: (a) all withdrawals of Offered Quarterly Interests are subject to a 25% quarterly limit (as described under "Millennium USA's Organization, Management, ML281817-MAXWELL CONFIDENTIAL UBSTERRAMAR000
rtnership: Taxation of Millennium USA and the Master Partnership. Millennium USA is a Delaware limited partnership and the Master Partnership is a Cayman limited partnership. Foreign (non-Japanese) entities are generally classified for Japanese tax purposes as either a separate legal person (houjin)
al Withdrawal Date") without being subject to any 25% quarterly limit or Early Withdrawal Charge that would otherwise be applicable to such Offered Quarterly Interests. A withdrawal request in respect of a Trigger Event may not be rescinded by the Limited Partner (absent the consent of Millennium Management) follo
gy"). Millennium USA carries out its investment and trading activities primarily by investing in Millennium Partners, (the "Master Partnership"), a Cayman Islands exempted limited partnership initially organized in 1989 as a Delaware limited partnership, but it may also trade and invest part of its ca
of each calendar quarter, subject to the timely receipt of a notice of withdrawal. However, it should be noted that: (a) all withdrawals of Offered Quarterly Interests are subject to a 25% quarterly limit (as described under "Millennium USA's Organization, Management, MAXWELL CONFIDENTIAL UBSTERRAMAR00001273 EF
rtnership: Taxation of Millennium USA and the Master Partnership. Millennium USA is a Delaware limited partnership and the Master Partnership is a Cayman limited partnership. Foreign (non-Japanese) entities are generally classified for Japanese tax purposes as either a separate legal person (houjin)
al Withdrawal Date") without being subject to any 25% quarterly limit or Early Withdrawal Charge that would otherwise be applicable to such Offered Quarterly Interests. A withdrawal request in respect of a Trigger Event may not be rescinded by the Limited Partner (absent the consent of Millennium Management) follo
Entities connected to both Cayman and Quarterly Interests

United States
LOCATION
Ghislaine Maxwell
PERSON
the Cayman Islands
LOCATION
UBS AG
ORGANIZATION
U.S. Treasury
ORGANIZATION
George W. Bush
PERSON
United Kingdom
LOCATION
Cayman Islands
LOCATION
New York
LOCATIONKeogh
ORGANIZATION
Luxembourg
LOCATION
JPMorgan Chase
ORGANIZATION
the Internal Revenue Service
ORGANIZATIONErnst & Young LLP
ORGANIZATIONthe U.S. Investment Company Act
ORGANIZATIONthe District of Columbia
LOCATION
Millennium
ORGANIZATION
New York State
LOCATIONMarkel
ORGANIZATION
Paul Volcker
PERSON