Common use of Unit Classes Clause in Contracts

Unit Classes. The AIFM may create several unit classes for any AIF. Unit classes may be formed that differ from the existing unit classes in terms of the appropriation of income, the front-end load, 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 units belonging to existing unit classes will, however, not be affected by this. The unit classes that have been issued in connection with the AIF, and in connection with the fees incurred in connection with the AIF units are specified in Annex A "Fund overview". 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. Unit holders will receive units in the side pocket according to their share in the original AIF. The trading of units 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 unit holders, as soon as the parts contained therein can be valued and sold again. No units will be issued or redeemed in the side pockets that are created until liquidation has been completed. VI. General investment principles and restrictions

Unit Classes. The AIFM may create several unit classes for any AIFthe AIF resp. its subfunds. Unit classes may be formed created that differ from the existing unit classes in terms of the appropriation of incomeearnings, the front-end loadissue premium, the reference currency and the use of currency hedging transactions, the management fee and remuneration, the minimum investment amount, amount or any a combination of these attributesfeatures. The Nevertheless, the rights of the investors who have purchased acquired units belonging to from existing unit classes will, however, not be affected by thisshall remain unaffected. The unit classes that have been issued in connection with the AIF, and in connection with the fees incurred launched in connection with the AIF units resp. its subfunds as well as the fees and remuneration resulting in connection with the AIF units, are specified stated in respective Annex A "Fund „Subfund overview"“. Subject to FMA approvalWith the consent of the supervisory authority (FMA), the AIFM is entitled to separate split off illiquid assets asset elements and place to include them in their own segments (side pockets) ). This occurs is the case if a significant proportion share of the Fund's fund assets (more than 10%) cannot can no longer be properly evaluated valued correctly in the long term or turn out to be become unsellable. Unit The unit holders will receive units shares in the side pocket according to in accordance with their share holding in the original AIF. The trading of Trade in units must be suspended at during the time period of creating the side pocket creationpockets. After Following the creation of the side pocketspocket, this segment is will be placed in liquidation, and the liquidation proceeds of which will be distributed to the unit holders, holders as soon as the parts securities contained therein can be valued and sold againare again capable of valuation or sellable. No units will be issued or redeemed in the side pockets that are created until the liquidation has been completed. VI. General investment principles and restrictions