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nd. L.L.C. (the "AlphaKeys Fund"), which is an investment that you currently hold with UBS. The AlphaKeys Fund is a UBS feeder fund that invests in Millennium USA LP (the "Millennium Fund"). a hedge fund twinged by Millennium Management LLC ("Millennium"). As of December 31, 2018, Milkrmium will distribute all of
re Distribution in Class B Interests of the AlphaKeys Fund, the attached Election Fonn must be fully completed. executed. and submitted by c-mail to BNY Mellon Alternative Investment Services ( =1 CONFIDENTIAL UBSTERRAMAR00003851 EFTA00239183 no later than December 5, 2018. If von do not return a completed Election Form by the deadlin
s Fund"), which is an investment that you currently hold with UBS. What you need to know • The AlphaKeys Fund is a UBS feeder fund that invests in Millennium USA LP (the "Millennium Fund"), a hedge fund managed by Millennium Management LLC ("Millennium"). • As of December 31, 2018, Millennium will distribute a
ur entire Distribution in Class 8 Interests of the AlphaKeys Fund, this Election Form must be fully completed, executed, and submitted by e- mail to BNY Mellon Alternative Investment Services no later than December 5, 2018. If you do not return a completed Election Form by the deadline, you will receive the Distribution in cash. K Opt
s Fund"), which is an investment that you currently hold with UBS. What you need to know • The AlphaKeys Fund is a UBS feeder fund that invests in Millennium USA LP (the "Millennium Fund"), a hedge fund managed by Millennium Management LLC ("Millennium"). • As of December 31, 2018, Millennium will distribute a
ur entire Distribution in Class 8 Interests of the AlphaKeys Fund, this Election Form must be fully completed, executed, and submitted by e- mail to BNY Mellon Alternative Investment Services (UBSRICInvserv@bnymellon com) no later than December St 2018. If you do not return a completed Election Form by the deadline, you will receive the Di
s Fund"), which is an investment that you currently hold with UBS. What you need to know • The AlphaKeys Fund is a UBS feeder fund that invests in Millennium USA LP (the "Millennium Fund"), a hedge fund managed by Millennium Management LLC ("Millennium"). • As of December 31, 2018, Millennium will distribute a
ur entire Distribution in Class 8 Interests of the AlphaKeys Fund, this Election Form must be fully completed, executed, and submitted by e- mail to BNY Mellon Alternative Investment Services no later than December 5, 2018. If you do not return a completed Election Form by the deadline, you will receive the Distribution in cash. Option
onnection with its investment. As used in this Memorandum, the following capitalized terms have the following meanings. "Underlying Fund" refers to Millennium USA LP and any intermediate investment vehicles controlled by the Underlying Fund Manager or its affiliates and into which the Underlying Fund directly or
nd Expenses" in Part Two of the Underlying Fund Memorandum for further discussion of the Underlying Fund's and Underlying Master Fund's expenses. BNY Mellon Alternative Investment Services (the "Sub- Administrator") performs certain administration, accounting and investor services for the AlphaKeys Fund and other investment funds spon
Entities connected to both Millennium USA LP and BNY Mellon Alternative Investment Services

Millennium
ORGANIZATION
United States
LOCATION
Ghislaine Maxwell
PERSONMillennium Management LLC
ORGANIZATION
New York
LOCATIONCayman
LOCATIONErnst & Young LLP
ORGANIZATIONUBS Financial Services Inc.
ORGANIZATION
UBS AG
ORGANIZATIONthe "Millennium Fund"
ORGANIZATIONthe AlphaKeys Millennium Fund
ORGANIZATIONMillennium USA's
LOCATIONMillennium International, Ltd.
ORGANIZATIONAdministrative Services
ORGANIZATION
U.S. Treasury
ORGANIZATION
the Internal Revenue Service
ORGANIZATIONthe U.S. Investment Company Act
ORGANIZATIONTrigger Event
ORGANIZATIONMillennium Partners
ORGANIZATIONManagement of Millennium USA
ORGANIZATION