EFTA01386129

AGP LP 519 Alpha Group Capital Paul Barrett (B) any new arrangements for managing the liquidity of the Partnership and/or the Master Fund including, but not limited to, any material changes to the liquidity management systems and procedures employed by the Investment Manager; provided that Limited Partners will be notified where gates, side pockets or other similar special arrangements are activated or where withdrawals are suspended; (C) the current risk profile of the Partnership and the Master Fund and, to the extent not disclosed in this Supplement, the risk management systems employed by the Investment Manager to manage those risks; and (D) the total amount of leverage employed by the Partnership and the Master Fund. Any changes to the right of re-use of collateral or any changes to any guarantee granted under any leveraging arrangement will be made available on a periodic basis by way of special communication from the Investment Manager. As at the date of this Supplement, none of the Master Fund's assets are subject to special arrangements arising from their illiquid nature. The total current amount of leverage employed by the Master Fund will be made available on a periodic basis by way of special communication from the Investment Manager. This Supplement does not update any other part of the Memorandum. SK 03974 0012 7189662 v2 11 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0087689 CONFIDENTIAL SDNY_GM_00233873 EFTA01386129