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ed Interests tentatively credited to each Limited Partner's capital accounts (excluding, in Millennium Management's discretion, capital accounts of Special Limited Partners4) for the year will be reallocated to the capital accounts of Millennium Management as its "Incentive Allocation." The Net Capital Appreci
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
llennium USA tentatively credited to each Limited Partner's capital accounts (excluding, in Millennium Management's discretion, capital accounts of Special Limited Partners4 but including the amount of any Early Withdrawal Charge withheld for the benefit of such Limited Partners) for the year will be reallocate
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
llennium USA tentatively credited to each Limited Partner's capital accounts (excluding, in Millennium Management's discretion, capital accounts of Special Limited Partners4 but including the amount of any Early Withdrawal Charge withheld for the benefit of such Limited Partners) for the year will be reallocate
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 Special Limited and Management of Millennium USA

Cayman Islands
LOCATIONthe U.S. Investment Company Act
ORGANIZATION
the Cayman Islands
LOCATION
New York State
LOCATIONReliance
ORGANIZATION
United Kingdom
LOCATIONMillennium International, Ltd.
ORGANIZATIONCayman
LOCATIONTrigger Event
ORGANIZATIONThe Master Partnership's Organization
ORGANIZATION
Millennium
ORGANIZATIONMillennium USA's
LOCATION
New York
LOCATION
U.S. Treasury
ORGANIZATIONErnst & Young LLP
ORGANIZATIONMillennium Partners
ORGANIZATIONnon-U.S. Investors
ORGANIZATIONMaster-Feeder Relationship
ORGANIZATIONIndependent Public Accountants
ORGANIZATIONKeogh
ORGANIZATION