AGP LP 519 Alpha Group Capital Paul Barrett Except in the case of wilful misconduct or gross negligence by Morgan Stanley, the Master Fund will indemnify and hold harmless Morgan Stanley from all losses, claims, damages and liabilities incurred in connection with the account(s) and services provided pursuant to the Morgan Stanley Prime Brokerage Agreement. Morgan Stanley may modify the terms of the Morgan Stanley Prime Brokerage Agreement at any time in writing on twenty-one days' prior written notice and as set forth in the Morgan Stanley Prime Brokerage Agreement. The Master Fund may modify the terms of the Morgan Stanley Prime Brokerage Agreement at any time with Morgan Stanley's consent. Morgan Stanley shall not be liable in connection with the services provided pursuant to the Morgan Stanley Prime Brokerage Agreement except in the event of gross negligence or wilful misconduct on Morgan Stanley's part. Morgan Stanley is a registered broker-dealer with the SEC and is a registered futures commission merchant with the CFTC. General Each of the Prime Brokers is a service provider to the Master Fund and none of them are responsible for the preparation of this Supplement or the activities of the Partnership or the Master Fund and therefore each accepts no responsibility for any information contained in this Supplement. The allocation of assets between the Prime Brokers will be determined by the Investment Manager in its sole discretion based on, among other things, the nature of the transaction. The Prime Brokers have no decision-making responsibility relating to the Master Fund's investments, which decisions remain the responsibility of the Master Fund at all times. The Prime Brokers have no responsibility for any of the Master Fund's assets that are not held by the Prime Brokers or their affiliates, subject to the conditions that apply when the Master Fund's assets are held with a sub-custodian appointed by a Prime Broker. The Master Fund r