Common use of Share Classes Clause in Contracts

Share Classes. The AIFM may create several share classes for the AIF. Share classes may be formed that differ from the existing share classes in terms of the appropriation of income, the issue commission, the reference currency and the use of currency hedging transactions, the management fee and the minimum investment amount, or any combination of these attributes. The rights of investors who have purchased shares belonging to existing share classes will, however, not be affected by this. The share classes that have been issued in connection with the AIF, and in connection with the fees incurred in connection with the AIF shares are specified in Appendix A "Overview of Funds". Subject to FMA approval, the AIFM is entitled to separate illiquid assets and place them in their own segments (side pockets). This occurs if a significant proportion of the fund's assets (more than 10%) cannot be properly evaluated in the long term or turn out to be unsellable. Shareholders will receive shares in the side pocket accord- ing to their share in the original AIF. The trading of shares must be suspended at the time of side pocket creation. After creation of the side pockets, this segment is placed in liquidation, the proceeds of which will be distributed to shareholders, as soon as the parts contained therein can be valued and sold again. No shares will be issued or redeemed in the side pockets that are created until liquidation has been completed. VI. General investment principles and restrictions

Share Classes. The AIFM may create several share classes for the AIF. Share classes may be formed that differ from the existing share classes in terms of the appropriation of income, the issue commission, the reference currency and the use of currency hedging transactions, the management fee and the minimum investment amount, or any combination of these attributes. The rights of investors who have purchased shares belonging to existing share classes will, however, not be affected by this. The share classes that have been issued in connection with the AIF, and in connection with the fees incurred in connection with the AIF shares are specified in Appendix A "Overview of Funds". Subject to FMA approval, the AIFM management company is entitled to separate illiquid assets and place them in their own segments (side pockets). This occurs if a significant proportion of the fund's assets (more than 10%) cannot be properly evaluated in the long term or turn out to be unsellable. Shareholders will receive shares in the side pocket accord- ing according to their share in the original AIFinvestment company. The trading of shares must be suspended at the time of side pocket creation. After creation of the side pockets, this segment is placed in liquidation, the proceeds pro- ceeds of which will be distributed to shareholders, as soon as the parts contained therein can be valued and sold again. No shares will be issued or redeemed in the side pockets that are created until liquidation has been completedcom- pleted. VI. General investment principles and restrictions