Procedure on termination of the Fund. The Trustee shall intimate the Contributors of the circumstances leading to the winding up of the Fund. Notwithstanding the premature termination of the Fund, the Fund will continue for such period of time as may be necessary to liquidate existing investments in an orderly manner (subject to a maximum period of one year from the aforesaid date of intimation to the Contributors (“Liquidation Period”)). The Investment Manager shall act as the liquidator of the Fund, provided that a Majority of the Contributors may instead appoint a different liquidator to act as liquidator of the Fund, provided that the Investment Manager shall simultaneously be removed as the Investment Manager with a consent of a Majority of the Contributors and the terms of Clause 12.5 shall apply, except that the removed Investment Manager shall not be entitled to any additional payment of Investment Management Fee pursuant to Clause 12.5(a) and there shall be no reduction in the Additional Return paid to the Class C Contributors pursuant to Clause 12.5(b) as a result of such removal. Once the Fund liquidates, the proceeds accruing to the Contributors shall be distributed to them after satisfying all liabilities of the Fund (including taxes, if any) in accordance with Clause 10 of this Agreement, and thereafter, this Agreement will terminate.
