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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
Investment Program and Strategy 26 Use of Proceeds by Millennium USA 26 Millennium USA's Organization, Management, Structure, and Operations 26 Management of Millennium USA 32 The Administrator 33 Fees and Expenses Relating to Millennium USA 34 Allocation of Gains and Losses 36 Outline of the Partnership Agreemen
e entities through which the Portfolio Managers and related personnel invest in their strategies, the "Fund"). Currently, the Feeder Funds are: • Millennium USA LP ("Millennium USA"), a Delaware limited partnership formed in November 1997, which accepts investments from taxable U.S. investors that qualify as "
tion of the outstanding Offered Interests into another class of Interests of Millennium USA with substantially the same rights and characteristics. Management of Millennium USA The general partner of Millennium USA and the general partner of the Master Partnership is Millennium Management, a Delaware limited liability comp
e entities through which the Portfolio Managers and related personnel invest in their strategies, the "Fund"). Currently, the Feeder Funds are: • Millennium USA LP ("Millennium USA"), a Delaware limited partnership formed in November 1997, which accepts investments from taxable U.S. investors that qualify as "
tion of the outstanding Offered Interests into another class of Interests of Millennium USA with substantially the same rights and characteristics. Management of Millennium USA The general partner of Millennium USA and the general partner of the Master Partnership is Millennium Management, a Delaware limited liability comp
e entities through which the Portfolio Managers and related personnel invest in their strategies, the "Fund"). Currently, the Feeder Funds are: • Millennium USA LP ("Millennium USA"), a Delaware limited partnership formed in November 1997, which accepts investments from taxable U.S. investors that qualify as "
tion of the outstanding Offered Interests into another class of Interests of Millennium USA with substantially the same rights and characteristics. Management of Millennium USA The general partner of Millennium USA and the general partner of the Master Partnership is Millennium Management, a Delaware limited liability comp
Entities connected to both Millennium USA LP and Management of Millennium USA

Millennium
ORGANIZATION
United States
LOCATIONErnst & Young LLP
ORGANIZATION
New York
LOCATIONCayman
LOCATIONMillennium International, Ltd.
ORGANIZATIONMillennium USA's
LOCATION
Ghislaine Maxwell
PERSONThe Master Partnership's Organization
ORGANIZATIONTrigger Event
ORGANIZATION
U.S. Treasury
ORGANIZATIONMillennium Partners
ORGANIZATION
England
LOCATIONthe U.S. Investment Company Act
ORGANIZATIONthe Cayman Islands Monetary Authority
ORGANIZATIONthe Non-USD Shares
ORGANIZATIONthe "Service
ORGANIZATIONthe Mutual Funds Law
ORGANIZATION
Mohammed bin Salman
PERSON
the Internal Revenue Service
ORGANIZATION