Common use of General provisions Art Clause in Contracts

General provisions Art. 1 The AIF‌ The CZECH REAL ESTATE INVESTMENT FUND (hereinafter referred to as "AIF") was established pursuant to the law of 19th December 2012 on Alternative Investment Fund Managers (AIFMG) and the regulation of 22 March 2016 on Alternative Investment Fund Managers (AIFMV) The FMA has approved the AIF on August 25th 2015 pursuant. The fund was registered as of August 28th 2015 in the commercial register under the registration number FL-0002.504.997-2. The prospectus and the contract terms were then deposited with the Liechtenstein Office of Justice AJU (commercial register). The current prospectus and the trust agreement were last approved by the FMA on 16 February 2018. The AIF has the legal form of a collective trusteeship. A collective trusteeship is the creation of identical trustee- ships with an indefinite number of investors for the purpose of capital investment and asset management for the investor's account, with the individual investors being invested in this trust in line with their respective shares and subject to personal liability only up to the amount invested. The Fund is an AIF, which may also be subscribed by private investors. According to its investment policy, the AIF may invest in securities and other assets. The AIF's investment policy is defined as part of its investment objectives (see Appendix A). The net assets of the AIF and the net asset val- ues of the AIF's shares are expressed in the relevant reference currency. The respective rights and obligations of the owners of the shares (hereinafter referred to as "investors"), the AIFM and the depositary are set forth in the trust agreement at hand. With the purchase of shares (the "shares") of the AIF, each investor acknowledges the trust agreement, which de- fines the contractual relationship between the investors, the AIFM and the depositary, this prospectus and any amendments to this document that have been effected in the prescribed manner. With the publication of amend- ments to the prospectus, the annual report or other documents on the website of the Liechtenstein Investment Fund Association, these amendments are binding for investors.

General provisions Art. 1 The AIF‌ The CZECH REAL ESTATE INVESTMENT FUND (hereinafter referred to as "AIF") was established pursuant to the law of 19th December 2012 on Alternative Investment Fund Managers (AIFMG) and the regulation of 22 March 2016 on Alternative Investment Fund Managers (AIFMV) The FMA has approved the AIF on August 25th 2015 pursuant. The fund was registered as of August 28th 2015 in the commercial register under the registration number FL-0002.504.997-2. The prospectus and the contract terms were then deposited with the Liechtenstein Office of Justice AJU (commercial register). The current prospectus and the trust agreement were last approved by the FMA on 16 February 2018. The AIF has the legal form of a collective trusteeship. A collective trusteeship is the creation of identical trustee- ships with an indefinite number of investors for the purpose of capital investment and asset management for the investor's account, with the individual investors being invested in this trust in line with their respective shares and subject to personal liability only up to the amount invested. The Fund is an AIF, which may also be subscribed by private investors. According to its investment policy, the AIF may invest in securities and other assets. The AIF's investment policy is defined as part of its investment objectives (see Appendix A). The net assets of the AIF and the net asset val- ues of the AIF's shares are expressed in the relevant reference currency. The respective rights and obligations of the owners of the shares (hereinafter referred to as "investors"), the AIFM and the depositary are set forth in the trust agreement at hand. With the purchase of shares (the "shares") of the AIF, each investor acknowledges the trust agreement, which de- fines the contractual relationship between the investors, the AIFM management company and the depositary, this prospectus pro- spectus and any amendments to this document that have been effected in the prescribed manner. With the publication publi- cation of amend- ments amendments to the prospectus, the annual report or other documents on the website of the Liechtenstein Liechten- xxxxx Investment Fund Association, these amendments are binding for investors.

General provisions Art. 1 The AIF‌ The CZECH REAL ESTATE INVESTMENT FUND (hereinafter referred to as "AIF") was established pursuant to the law of 19th December 2012 on Alternative Investment Fund Managers (AIFMG) and the regulation of 22 March 2016 2nd July 2013 on Alternative Investment Fund Managers (AIFMV) The FMA has approved the AIF on August 25th 2015 pursuant. The fund was registered as of August 28th 2015 in the commercial register under the registration number num- ber FL-0002.504.997-2. The prospectus and the contract terms were then deposited with the Liechtenstein Office of Justice AJU (commercial register). The current prospectus and the trust agreement were last approved by the FMA on 16 February 2018. The AIF has the legal form of a collective trusteeship. A collective trusteeship is the creation of identical trustee- ships with an indefinite number of investors for the purpose of capital investment and asset management for the investor's account, with the individual investors being invested in this trust in line with their respective shares and subject to personal liability only up to the amount invested. The Fund is an AIF, which may also be subscribed by private investors. According to its investment policy, the AIF may invest in securities and other assets. The AIF's investment policy is defined as part of its investment objectives (see Appendix A). The net assets of the AIF and the net asset val- ues of the AIF's shares are expressed in the relevant reference currency. The respective rights and obligations of the owners of the shares (hereinafter referred to as "investors"), the AIFM and the depositary are set forth in the trust agreement at hand. With the purchase of shares (the "shares") of the AIF, each investor acknowledges the trust agreement, which de- fines the contractual relationship between the investors, the AIFM management company and the depositary, this prospectus pro- spectus and any amendments to this document that have been effected in the prescribed manner. With the publication publi- cation of amend- ments amendments to the prospectus, the annual report or other documents on the website of the Liechtenstein Liechten- xxxxx Investment Fund Association, these amendments are binding for investors.