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ully in the Third Amended and Restated Limited Partnership Agreement, as amended or supplemented from time to time (the "Partnership Agreement") of Millennium Partners, L.P. (the "Master Partnership") and elsewhere in this Confidential Memorandum. This summary should be read in conjunction with, and is qualified i
s Investment Program and Description: Leverage and Loans 64 The Fund's Risk Management Program 65 The Master Partnership's Fees and Expenses 65 Related-Party Transactions and Other Accounts; Conflicts 67 Certain Tax Matters Relating to the Master Partnership 77 Certain Legal and Regulatory Matters Relating to the F
e objective of the AlphaKeys Fund is to invest in the Underlying Fund. The Underlying Fund's principal trading objective (through its investment in Millennium Partners, L.P. (the "Underlying Master Fund")) is to achieve above-average appreciation by opportunistically trading and investing in a wide variety of sec
ent Program and Description: Leverage and Loans II-51 The Fund's Risk Management Program II-52 The Master Partnership's Fees and Expenses II-52 Related-Party Transactions; Conflicts II-52 Certain Tax Matters Relating to the Master Partnership II-59 Certain Legal and Regulatory Matters Relating to the Fund 11-60 L
e objective of the AlphaKeys Fund is to invest in the Underlying Fund. The Underlying Fund's principal trading objective (through its investment in Millennium Partners, M. (the "Underlying Master Fund")) is to achieve above-average appreciation by opportunistically trading and investing in a wide variety of secur
ent Program and Description: Leverage and Loans II-51 The Fund's Risk Management Program II-52 The Master Partnership's Fees and Expenses II-52 Related-Party Transactions; Conflicts II-52 Certain Tax Matters Relating to the Master Partnership II-59 Certain Legal and Regulatory Matters Relating to the Fund 11-60 L
Entities connected to both Millennium Partners and Related-Party Transactions

New York
LOCATIONErnst & Young LLP
ORGANIZATION
Millennium
ORGANIZATIONCayman
LOCATION
United States
LOCATIONthe U.S. Investment Company Act
ORGANIZATIONTrigger Event
ORGANIZATIONManagement of Millennium USA
ORGANIZATIONMillennium USA's
LOCATIONThe Master Partnership's Organization
ORGANIZATION
U.S. Treasury
ORGANIZATIONMillennium International, Ltd.
ORGANIZATIONKeogh
ORGANIZATIONIndependent Public Accountants
ORGANIZATIONMaster-Feeder Relationship
ORGANIZATION
UBS AG
ORGANIZATIONCapital Structure
ORGANIZATIONAdministrative Services
ORGANIZATION
Ghislaine Maxwell
PERSONMillennium USA LP
ORGANIZATION