Article 13(d): Reporting to Unitholders

(d) Any change in the exposure percentage to the sectors to which the beneficiaries belong.

2) Returns from financing contracts.

3) Any change to the payment schedule due to the fund.

4) Details of the new financing contracts entered into by the fund, including the beneficiary’s sector and the payment schedule due for each financing.

5) A list setting out the amounts of the ten largest financings granted, the sector of each financing, and the percentage of each financing relative to the size of the fund.

6) Any transaction involving the purchase, sale, or mortgage of an asset at a price equal to or exceeding (10%) of the Fund’s net assets, in accordance with the latest reviewed interim financial statements or audited annual financial statements, whichever is more recent. Such transaction information shall include, at a minimum, disclosure of the purchase or sale price of the asset, the valuation price for the purchase or sale, and the valuation methodology followed.

7) The fund’s borrowing ratio to its net asset value.

c) In the case of the public direct financing fund, where the fund’s terms and conditions allow investment in financing granted with a guarantee, the public financing fund manager shall include, in the fund’s quarterly statement, disclosure of any financing guarantee obtained by the fund, the percentage of such guarantee relative to the size of the guaranteed financing, and the priority of the fund in such guarantee in the event of the beneficiary’s bankruptcy. PRIVATE FINANCING FUNDS