ent fund(s) and its affiliates. If you have any questions, please feel free to contact your UBS Financial Advisor at your convenience. Sincerely, UBS Fund Advisor, L.L.C. ML281837-MAXWELL CONFIDENTIAL UBSTERRAMAR00001136 EFTA00236792

hereto A swap. structured note a Other derivative marmot the ram from which is based in whole or in part on the return of the Fund A third party UBS Fund Advisor, LLC . or an fl ee theme in r capacity as irriestrna advise to the Fund or as administrator to the Fund, es disclosed is the Memorandum Unrested b

eto A swap, structured note or other cinnamic nstrurnem. the return Ironi wØ n based in whole or rn part on the return of the Fund A third party UBS Fund Advisor. ac, or an af fatale thereof. in its capacity as investment adviser to the Fund or as adrrmistretor to the Fund. a chsdized in the Memorandum Unr

y this Memorandum, other than as set forth herein, and any such statements, if made, may not be relied upon. The AlphaKeys Fund is member-managed. UBS Fund Advisor, L.L.C., a Delaware limited liability company (the "Administrator") has been appointed as Administrator to the AlphaKeys Fund. Further, under the LL

easury Department issued pursuant to the Code, as amended from time to time. "UBS" shall mean UBS AG and any of its affiliates. "UBSFA" shall mean UBS Fund Advisor, L.L.C. "UBSFS" shall mean UBS Financial Services Inc. "Unaffiliated Fund Percentages" shall mean a percentage established for each non- Affiliated

CLAUSES SET FORTH IN SECTION 14.10. WITNESS WHEREOF, the undersigned have duly executed this Agreement as of the day and year first above written. UBS Fund Advisor, L.L.C., as Member Designee By: Name: Title: Authorized Signatory By: Name: Title: Authorized Signatory Initial Member (solely to reflect resi

bject. See "The Master Partnership's Investment Program and Description: Leverage and Loans" in the Underlying Fund Memorandum. THE ADMINISTRATOR UBS Fund Advisor, L.L.C. has been appointed by the Investors to provide certain administrative or support services to the AlphaKeys Fund (in such capacity, the "Adm

LIMITED LIABILITY COMPANY AGREEMENT of ALPHAKEYS MILLENNIUM FUND, L.L.C. (the "Fund') is dated and effective as of November [•1, 2018, by and among UBS Fund Advisor, L.L.C., as the manager, and each person admitted to the Fund and reflected on the books of the Fund as a member (a "Member"). WITNESSETH: WHEREAS

ENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT of ALPHAKEYS MILLENNIUM FUND, L.L.C. is dated and effective as of April 1, 2014, by and among UBS Fund Advisor, L.L.C., as the manager, and each person admitted to the Fund and reflected on the books of the Fund as a Member. WITNESSETH: WHEREAS, the Fund h

ENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT of ALPHAKEYS MILLENNIUM FUND, L.L.C. is dated and effective as of April 1, 2014, by and among UBS Fund Advisor, L.L.C., as the manager, and each person admitted to the Fund and reflected on the books of the Fund as a Member. WITNESSETH: WHEREAS, the Fund h