Article 24: Contractual Form of the Fund

Article 24: Contractual Form of the Fund

a. A Fund shall be established upon the accepting of the Fund’s Terms and Conditions by the initial prospective unitholders.

b. The contractual relationship between a prospective unitholder and the Fund Manager shall be established upon the accepting of the Fund’s Terms and Conditions by such unitholder.

c. The Fund Manager must include in the Fund’s Terms and Conditions the relevant requirements set out in these Instructions, and must also include, at a minimum, the following requirements and information:

1) The proposed commencement date and closing date of the offering period;

2) The fund’s target capital, the nominal value per unit, any minimum amount that the fund manager intends to collect, and the action taken in the absence of reaching that minimum limit in the fund;

3) The date of issuance of the Terms and Conditions;

4) The name and address of the Fund Manager, with a statement that the Fund Manager is a Capital Market Institution subject to the supervision and oversight of the Authority;

5) The name, category, and type of the Fund;

6) The Fund’s strategy and investment objectives;

7) The services to be provided by the Fund Manager and other parties to the Fund, and the related responsibilities;

8) Details of any payments to be made to the Fund Manager and to parties providing services to the Fund, including the methodology and timing for calculating such fees;

9) The potential investment risks associated with investing in the Fund; and

10) The procedure for submitting a complaint to the Fund Manager.