cifc credit funds icav (the “icav”)...2020/08/11 · a sub-fund of the icav (the “fund”) to...

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CIFC CREDIT FUNDS ICAV (the “ICAV”)

an Irish collective asset-management vehicle having registration number C422393

APPLICATION FORM

FOR SHARES IN

CIFC Long/Short Credit Fund a sub-fund of the ICAV (the “Fund”)

To be sent to:

J.P. Morgan Hedge Fund Services (Ireland) Limited

E-mail: [email protected]

THIS DOCUMENT DOES NOT CONSTITUTE OR CONTAIN AN OFFER OR INVITATION TO SUBSCRIBE FOR OR TO PURCHASE SHARES IN ANY JURISIDICTION. IN ADDITION, THE

INFORMATION CONTAINED IN THIS DOCUMENT IS SUBJECT TO UPDATING, AMENDMENT AND/OR COMPLETION. THIS DOCUMENT HAS NOT BEEN APPROVED BY THE CENTRAL

BANK OF IRELAND. THE ICAV HAS BEEN AUTHORISED BY THE CENTRAL BANK OF IRELAND AS A UCITS WITHIN THE MEANING OF THE UCITS REGULATIONS.

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Your application (this “Application”) to invest in the ICAV should be made by sending this Application Form (the “Application Form”) to the details noted on the cover page. J.P. Morgan Hedge Fund Services (Ireland) Limited (the “Administrator”), acting on behalf of CIFC Credit Funds ICAV (the “ICAV”), must receive a completed Application Form for each initial subscription together with relevant Anti-Money Laundering documents*. Applicants (the “Applicants”) must read the ICAV’s Prospectus (the “Prospectus”), relevant Supplement and the relevant Key Investor Information Document (each, a “KIID”) before completing this Application Form. This Application Form is the property of the ICAV and may not be tampered with or amended without the consent of the ICAV. Any breach of the foregoing may render the Application Form void. In certain circumstances, you may wish to complete AML approval with the Administrator in advance of completing this Application Form. In such circumstances, please complete the Investor Account Opening Form in Appendix 1 only and submit it to the Administrator. For the avoidance of doubt, this Application Form will need to be completed subsequently. U.S. Persons should complete the Supplement to this Application Form as set out in Appendix 4.

Please enter all details using block capitals.

Sections requiring completion (dependent on Applicant type): Page(s)

Applicant Details 4

Investment Advisor / Intermediary Details (if applicable) 5

Investment Details 6

Source of Funds (Individual/Joint holders only) 7

Investor Bank Details (unless provided separately) 8

Declaration of Residence outside of Ireland 10

Return of Values Regulations 2013 (Irish residents only) 13

FATCA / CRS Classification / Self-Certification* 14 - 18

Anti-Money Laundering 21 - 26

Signature 27

Appendix 1: Investor Account Opening Form 28

Appendix 2: AML Letter (if applicable) 49-56

Appendix 3: Customer Information Notice – Common Reporting Standard 57

Appendix 4: Supplement to the Application Form – U.S. Persons 60

Appendix 5: Declaration Of Beneficial Ownership (if applicable) 80

Appendix 6: Form Of Request For Redemption Of Shares 83

* If FATCA / CRS certification has been previously provided to the Administrator in respect of your investment in a Fund, this information will not be required again unless the data previously supplied is no longer accurate.

INSTRUCTIONS FOR COMPLETING THE APPLICATION FORM

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GENERAL INFORMATION The ICAV reserves the right to reject any application in whole or in part, without giving any reason for such rejection in which event any application moneys will be returned without interest, expenses or compensation by transfer to the Applicant’s designated bank account at the risk of the Applicant. Where an application for Shares is rejected, the subscription monies will be returned to the applicant within fourteen (14) days of the date of such application in accordance with local anti-money laundering and similar laws at the Applicant’s cost and risk and no interest or other compensation will be payable in respect of such returned monies.

If the amount paid does not correspond to a specific number of Shares, the ICAV will issue such number of Shares, calculated to two decimal places, as may be subscribed for with the Application moneys and will not return any remainder to the Applicant.

CONTRACT NOTES It is anticipated that contract notes will normally be sent to Applicants as soon as possible. Please ensure that appropriate email contact details are provided to the Administrator. IMPORTANT: It is the responsibility of the Applicant to check the accuracy of information provided to you in any confirmation of ownership, any valuation statements and other reports issued by, or on behalf of, the ICAV. You should contact the Administrator immediately in the event that you believe the information to be incorrect. It will be assumed that you have received contract notes and that the details contained therein are correct unless you contact the Administrator within 24 hours of the date of issue. The ICAV’s liability and ability to change contract notes will be restricted after this time, however, the ICAV reserves the right to correct errors at any time and will endeavour to ensure errors are corrected.

SUBSCRIPTIONS Where permitted by the ICAV, subsequent subscription applications may be made by submitting a written instruction to the Administrator by the Trade Cut-Off Time (as defined in the Prospectus) in writing, via email or electronically (or in such format or method as shall be agreed in writing in advance with the Administrator) and subject to and in accordance with the requirements of the Administrator and the Central Bank. Please also refer to the terms of the Prospectus and relevant Supplement for further information on how to subscribe for Shares. REDEMPTIONS Redemption requests may be submitted by way of a signed redemption form sent to the ICAV at the email address noted on the cover page prior to the Trade Cut-Off Time for any Dealing Day as set out in the Prospectus and/or relevant Supplement. No redemption payment will be made from an investor holding until cleared funds have been received in respect of the original subscription for Shares by the Administrator on behalf of the ICAV together with the subscription application form and all documentation required by or on behalf of the ICAV (including any documents in connection with anti-money laundering procedures and, where requested by the Administrator, the original subscription application form) and the anti-money laundering procedures have been completed. Failure to comply with the above will result in redemption proceeds not being paid. Please also refer to the terms of the Prospectus and relevant Supplement for further information on how to redeem your Shares. EMAIL DEALING By choosing to send dealing instructions via email you acknowledge the limitations on the reliability of delivery, timeliness and are aware that email may not be a secure means of communication. The ICAV, the Directors, the Manager and the Administrator will not be responsible for any loss or damage that could result from your requests not being accepted, confirmed or processed or as a result of your e-mails being intercepted by third parties. Successful receipt of all trade instructions should be confirmed with the Administrator either via email or telephone. DISTRIBUTIONS The ICAV may pay distributions to Shareholders in accordance with the Dividend Policy as disclosed in the Prospectus and relevant Supplement. QUERIES All queries regarding the completion of the Application Form should be addressed to the ICAV c/o the Administrator and specifying the name of the Fund to which the query relates. The Administrator can be contacted by phone at +353 1 612 4200 or email at [email protected].

Terms defined in the Prospectus have the same meaning in this Application Form.

APPLICANT DETAILS

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The Applicant Name(s) will be the registered name as reflected on the ICAV’s Share register.

Applicant Name:

Applicant Name 2 (Joint Holder):

All communications will be delivered to the correspondence details of the first named shareholder Applicant 1

REGISTERED ADDRESS

Street Address:

Town / City:

Postcode:

Country

Applicant 2

REGISTERED ADDRESS

Street Address:

Town / City:

Postcode:

Country:

CORRESPONDENCE DETAILS

Street Address:

Town / City:

Postcode:

Country:

Telephone:

Fax:

Email Address(es):

PLEASE TICK THE FOLLOWING BOX IF YOU WOULD LIKE YOUR ADVISOR / INTERMEDIARY TO RECEIVE COPIES OF ALL REPORTING RELATING TO YOUR ACCOUNT

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Name of Advisor/Intermediary:

Company Registration Number:

Is the Company Regulated? Yes No

Regulator Name:

CORRESPONDENCE DETAILS

Street Address:

Town / City:

Postcode:

Country:

Telephone:

Fax:

Email Address(es):

INVESTMENT ADVISOR / INTERMEDIARY DETAILS

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FUND / CLASS NAME INCOME / ACCUMULATING ISIN INVESTMENT AMOUNT

CIFC LONG/SHORT CREDIT FUND

USD Class A-1 Accumulating IE00BMF6BX61 $ Shares

USD Class A-2 Distributing IE00BMF6BY78 $ Shares

USD Class B-1 Accumulating IE00BK7ZST21 $ Shares

USD Class B-2 Distributing IE00BK7ZSV43 $ Shares

GBP Class A-1 Accumulating IE00BK7ZSQ99 £ Shares

GBP Class A-2 Distributing IE00BK7ZSR07 £ Shares

GBP Class B-1 Accumulating IE00BK7ZSS14 £ Shares

GBP Class B-2 Distributing IE00BMF6BZ85 £ Shares

Euro Class A-1 Accumulating IE00BMF6C000 € Shares

Euro Class A-2 Distributing IE00BMF6C117 € Shares

Euro Class B-1 Accumulating IE00BK7ZSW59 € Shares

Euro Class B-2 Distributing IE00BK7ZSX66 € Shares

CHF Class A-1 Accumulating IE00BMF6C224 ₣ Shares

CHF Class A-2 Distributing IE00BMF6C331 ₣ Shares

CHF Class B-1 Accumulating IE00BMF6C448 ₣ Shares

CHF Class B-2 Distributing IE00BMF6C554 ₣ Shares

INVESTMENT DETAILS

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For all subscriptions please confirm the origin of the money subscribed into the fund using the options below

The ICAV and the Administrator reserve the right to request additional documents, as necessary, to verify the identity, residency and source of funds/wealth of Applicant(s). SHARES WILL NOT BE ISSUED UNTIL SUCH TIME AS THE ADMINISTRATOR HAS RECEIVED AND IS SATISFIED WITH ALL THE INFORMATION AND DOCUMENTATION REQUESTED TO VERIFY AN INVESTOR’S IDENTITY AND SOURCE OF FUNDS/WEALTH. APPLICANTS SHOULD NOTE THAT THIS MAY MEAN THAT AN APPLICANT’S SUBSCRIPTION MAY NOT BE PROCESSED IN RESPECT OF THE DEALING DAY UPON WHICH THE SUBSCRIPTION IS MADE UNTIL SUCH TIME AS THE ADMINISTRATOR HAS RECEIVED, PROCESSED AND IS SATISFIED WITH ALL RELEVANT INFORMATION AND DOCUMENTATION REQUESTED. REDEMPTIONS WILL NOT BE PROCESSED ON NON-CLEARED/VERIFIED ACCOUNTS.

SOURCE OF FUNDS

Savings Proceeds of Sale Employment Income Gift or Inheritance Company Profits Other (Please specify below) Other details Occupation of Applicant(s)

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Bank Name:

Bank Address:

BIC/SWIFT:

Sort Code:

IBAN:

Account Number:

Account Name:

Intermediary/Correspondent Bank:

BIC/SWIFT:

Subscription monies must come from an account in the name of the registered investor, the details of which must be verified by the Administrator. If the bank details to be used for transferring subscription monies are different from those listed above please provide the details below.

PLEASE BE ADVISED THAT ANY AMENDMENT TO THE DETAILS PROVIDED ABOVE WILL REQUIRE VERIFICATION BY THE ADMINISTRATOR PRIOR TO ACCEPTANCE. For Individuals/Joint holders the following are required prior to accepting the new details: New/Amended Redemption bank details: A signed instruction confirming the bank details change including the reason for the change. New/Amended Subscription bank details only: Written confirmation of the bank details change including the reason for the change.

All Redemption / Distribution proceeds will be paid to the account details below. No third party payments will be made. Redemption proceeds will be paid in the currency of denomination of the relevant Share Class. Please ensure that the bank details provided below are able to receive payments in the relevant currency.

INVESTOR BANK DETAILS

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Listed below are the bank details to which your money should be settled in full by wire transfer. The Applicant's bank must be instructed at the time of application to forward the appropriate remittance by the fastest available means to reach the bank account listed below no later than the settlement date quoted in the relevant supplement. Payment, net of charges, should be sent to:

Subscription Information Please pay subscription monies in the relevant class currency to the following account(s) referencing the name of the Applicant. Subscription settlement must be received on or before the required Dealing Day.

Standard Wire Instruction Details

USD Pay to: Bank: J.P. Morgan Chase N.A., New York, NY SWIFT: CHASUS 33 ABA: 021000021 For the account of: Bank: JPMorgan Chase Bank, N.A. SWIFT: CHASGB2L Account number: 0010962009 For further credit to: Account name: CIFC LONG/SHORT CREDIT FUND Account number: 10015657 IBAN: GB45CHAS60924210015657 Reference: (Please insert Applicant name)

EUR (Euro) Pay to: Bank: J.P. Morgan AG, Frankfurt (CHASDEFX) For the account of JPMorgan Chase Bank N.A., London (CHASGB2L) Account number 6231400604 For further credit to: Account name: CIFC LONG/SHORT CREDIT FUND Account number: 67105870 IBAN: GB24CHAS60924267105870 Reference: (Please insert Applicant name)

GBP (Pound) Pay to: Bank: JPMorgan Chase Bank, N.A. (CHASGB2L) Sort code: 60-92-42. For further credit to: Account name: CIFC LONG/SHORT CREDIT FUND Account number: 67105875 IBAN: GB83CHAS60924267105875 Reference: (Please insert Applicant name)

INVESTMENT SETTLEMENT DETAILS

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Applicants resident outside Ireland are required by the Irish Revenue Commissioners to make the following declaration which is in a format authorised by them, in order to receive payment without deduction of tax. It is important to note that this declaration, if it is then still correct, shall apply in respect of any subsequent acquisitions of Shares. Terms used in this declaration are defined in the Prospectus.

Please tick one

DECLARATION ON OWN BEHALF

I/we* declare that I am/we are* applying for the shares on my own/our own behalf/on behalf of a company* and that I am/we are/the company is entitled to the shares in respect of which this declaration is made and that • I am/we are/the company is* not currently resident or ordinarily resident in Ireland, and

• Should I/we/the company* become resident in Ireland I/we* will so inform the ICAV, in writing, accordingly. * Delete as appropriate

DECLARATION AS INTERMEDIARY

I/we* declare that I am/we are* applying for shares on behalf of persons: • who will be beneficially entitled to the shares; and

• who, to the best of my/our* knowledge and belief, are neither resident nor ordinarily resident in Ireland.

I/we* also declare that:

• unless I/we* specifically notify you to the contrary at the time of application, each application for shares made by me/us* from the date of this application will be made on behalf of such persons; and

• I/we* will inform you in writing if I/we* become aware that any person on whose behalf I/we* hold(s) shares, becomes resident in Ireland.

* Delete as appropriate

IMPORTANT NOTES

1. Declarations of Residence outside of Ireland are subject to inspection by the Irish Revenue Commissioners and it is a criminal offence to make a false declaration.

2. To be valid, the Declaration of Residence outside of Ireland must be signed by the Applicant. Where there is more than one Applicant, each person must sign. If the Applicant is a company, it must be executed under seal or signed by duly authorised signatories

3. If the Declaration of Residence outside of Ireland is signed under power of attorney, a copy of the power of attorney must be furnished in support of the signature.

4. If the Applicant is an Exempt Irish Investor it should contact the Administrator who will provide it with the appropriate declaration which must be made to confirm its status.

5. Definitions of an “Intermediary” and the concepts of “Residence in Ireland” and “Ordinary Residence in Ireland” are set out on the next page.

Date: ______________________

Signed: Capacity of authorized signatory (if applicable):

1. _________________________________________ ______________________________________

2. _________________________________________ ______________________________________

3. _________________________________________ ______________________________________

4. _________________________________________ ______________________________________

In the case of joint holders, ALL Applicants must complete this declaration.

DECLARATION OF RESIDENCE OUTSIDE OF IRELAND

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Intermediary An “Intermediary” means a person who: • carries on a business which consists of, or includes, the receipt of payments from an investment undertaking resident in the

State on behalf of other persons;

• holds units in an investment undertaking on behalf of other persons. Residence

Residence - Individual

An individual will be regarded as being resident in Ireland for a tax year if he/she is present in Ireland: 1. for a period of at least 183 days in that tax year; or

2. for a period of at least 280 days in any two consecutive tax years, provided that the individual is present in Ireland for at least 31 days in each period.

In determining days present in Ireland, an individual is deemed to be present if he/she is in Ireland at any time during the day. Residence - Company

A company which has its central management and control in Ireland is resident in Ireland irrespective of where it is incorporated. A company which does not have its central management and control in Ireland but which is incorporated in Ireland is resident in Ireland except where: -

1. the company or a related company carries on a trade in Ireland, and either the company is ultimately controlled by persons resident in a Member State of the EU or countries with which Ireland has a double taxation treaty, or the company or a related company are quoted companies on a Recognised Exchange in the EU or in a treaty country under a double taxation treaty; or

2. the company is regarded as not resident in Ireland under a double taxation treaty between Ireland and another country.

The exemption in 1 above, does not apply where it would result in an Irish incorporated company that is managed and controlled in a relevant territory (other than Ireland), but would not be resident in that relevant territory as it is not incorporated there, not being resident for tax purposes in any territory.

The Finance Act 2014 (of Ireland) amended the above residency rules for companies incorporated on or after 1 January 2015. These new residency rules will ensure that companies incorporated in Ireland and also companies not so incorporated but that are managed and controlled in Ireland, will be tax resident in Ireland except to the extent that the company in question is, by virtue of a double taxation treaty between Ireland and another country, regarded as resident in a territory other than Ireland (and thus not resident in Ireland). For companies incorporated before this date these new rules will not come into effect until 1 January 2021 (except in limited circumstances).

It should be noted that the determination of a company’s residence for tax purposes can be complex in certain cases and potential investors are referred to the specific legislative provisions that are contained in Section 23A of the Taxes Consolidation Act, 1997 (of Ireland), as amended.

Ordinary Residence - Individual

The term “ordinary residence” as distinct from “residence”, relates to a person’s normal pattern of life and denotes residence in a place with some degree of continuity. An individual who has been resident in Ireland for three consecutive tax years becomes ordinarily resident with effect from the commencement of the fourth tax year. An individual who has been ordinarily resident in Ireland ceases to be ordinarily resident at the end of the third consecutive tax year in which s/he is not resident. Thus, an individual who is resident and ordinarily resident in Ireland in the tax year 1 January 2011 to 31 December 2011 and departs from Ireland in that tax year will remain ordinarily resident up to the end of the tax year in 1 January 2014 to 31 December 2014.

DEFINITIONS RELATING TO THE DECLARATION OF RESIDENCE

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The Return of Values (Investment Undertakings) Regulations 2013 (S.I. 245 of 2013) of Ireland (the “RoV Regulations”) requires certain Irish investment undertakings to make annual returns to the Irish Revenue Commissioners of the value, in a tax year, of the investments held by certain unit holders. In order to satisfy the RoV Regulations, the ICAV must collect the following additional information from any Applicants1 which are Irish Resident or Ordinarily Resident in Ireland (that are not excepted unit holders within the meaning of the RoV Regulations):

Tax Reference Number (TRN) / PPS Number2

Furthermore, the RoV Regulations require the ICAV to seek appropriate documentation from the Applicant to verify the above TRN or PPS Number. Any one of the following additional documents (copy or original) is sufficient:

• P60 • P45 • P21 Balancing Statement • Payslip (where employer is identified by name or tax number) • Drug Payment Scheme Card • European Health Insurance Card • Tax Assessment • Tax Return Form • PAYE Notice of Tax Credits • Child Benefit Award Letter /Book • Pension Book • Social Services Card • Public Services Card

In addition, any printed documentation issued by the Irish Revenue Commissioners or by the Department of Social Protection which contains your name, address and TRN will also be acceptable. In the case of joint account holders, the additional documentation is required for each Applicant. Your personal information will be handled by the Administrator or its duly appointed delegates as Data Processor for the ICAV in accordance with the Data Protection Acts 1988 to 2018. In particular, all the relevant security measures will be taken to ensure an adequate level of protection of the personal data against unauthorised access, accidental loss or destruction. Your information provided herein will be processed for the purposes of complying with the Regulations and this may include disclosure to the Irish Revenue Commissioners.

1 Where the Applicant is an intermediary and that Applicant will be or is, as applicable, the registered Shareholder, reporting obligations under the RoV Regulations may be carried out on the basis that the intermediary is the Shareholder. For these purposes, intermediary has the same meaning as in Section 739B (1) of the Taxes Consolidation Act, 1997 of Ireland, as amended, (the “Taxes Act”). 2 A PPS Number is required if the relevant Applicant is an individual.

RETURN OF VALUES (INVESTMENT UNDERTAKINGS) REGULATIONS 2013

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Please read these instructions before completing the relevant form.

Irish tax regulations require us to collect information about each investor’s tax residence status. If you have any questions about your tax residency, please contact your tax advisor. For further information please refer to the Irish Revenue website or the OECD website per the below links: http://www.revenue.ie/en/business/aeoi/index.html

http://www.oecd.org/tax/automatic-exchange/ Please note that in certain circumstances we may be legally obliged to share this information, and other financial information with respect to an investor’s interests in the Fund with relevant tax authorities. This form is intended to request information only where such request is not prohibited by Irish law. We shall treat the information on this form as valid and correct unless we are informed of a change in circumstances relating to the account holder’s tax status or other fields included on this form. Individual investors must complete the Individual Self-Certification form and any investor which is a corporate entity, other form of legal entity or a partnership should complete the Entity Self-Certification form. Please note that where there are joint account holders each investor is required to complete a separate self-certification form.

FATCA / CRS CERTIFICATION

http://www.revenue.ie/en/business/aeoi/index.html

http://www.oecd.org/tax/automatic-exchange/

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All individuals must complete Sections 1, 2 and 4 in BLOCK CAPITALS. Section 3 should be completed only if you are completing the form as a Controlling Person of an Entity.

SECTION 1: INVESTOR / CONTROLLING PERSON IDENTIFICATION

Investor / Controlling Person Name:

Place of Birth (town or city):

Country of Birth: Date of Birth:

Residential Address:

House Name / Number:

Street:

City, Town, State, Province or County:

Postal Code:

Country

Mailing address (if different from above):

House Name / Number:

Street:


Postal Code:

Country:

SECTION 2: DECLARATION OF TAX RESIDENCY

Please indicate all countries in which you are resident for tax purposes and the associated tax reference numbers in the table below. If you are a US citizen or resident in the United States for tax purposes, please include the United States in this table along with your US Tax Identification Number.

Country of Tax Residency (and citizenship if U.S.) Tax ID Number/TIN

INDIVIDUAL SELF-CERTIFICATION

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SECTION 3: CONTROLLING PERSON TYPE

This section should only be completed by any individual who is a Controlling Person of an entity which is a Passive Non-Financial Entity or an Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution. Tick as appropriate:

Controlling Person of a legal person – control by ownership

Controlling Person of a legal person – control by other means

Controlling Person of a legal person – senior managing official

Controlling Person of a trust - settlor

Controlling Person of a trust - trustee

Controlling Person of a trust - protector

Controlling Person of a trust - beneficiary

Controlling Person of a trust - other

Controlling Person of a legal arrangement (non-trust) – settlor equivalent

Controlling Person of a legal arrangement (non-trust) – trustee equivalent

Controlling Person of a legal arrangement (non-trust) – protector equivalent

Controlling Person of a legal arrangement (non-trust) – beneficiary equivalent

Controlling Person of a legal arrangement (non-trust) – other equivalent

SECTION 4: DECLARATION AND UNDERTAKINGS

I declare that the information provided in this form is, to the best of my knowledge and belief, accurate and complete. I acknowledge that the information contained in this form and information regarding the Account Holder may be reported to the tax authorities of the country in which this account(s) is/are maintained and exchanged with tax authorities of another country or countries in which the Account Holder may be tax resident where those countries (or tax authorities in those countries) have entered into Agreements to exchange financial account information. I undertake to advise the recipient promptly and provide an updated Self-Certification form where any change in circumstances occurs which causes any of the information contained in this form to be incorrect.

Authorised Signature:

_______________________________________________

Capacity in which Declaration is made:

_______________________________________________

Date:

_______________________________________________

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Please complete all sections in BLOCK CAPITALS.

SECTION 1: INVESTOR IDENTIFICATION

Investor Name (the “Entity”):

Country of Incorporation:

Registered Address:

Number:

Street:


Postal Code:

Country

Mailing address (if different from above):

Number:

Street:


Postal Code:

Country:

SECTION 2: DECLARATION OF TAX RESIDENCY Please complete the following table indicating (i) where the Account Holder is tax resident and (ii) the Account Holder’s Taxpayer Identification Number (TIN) for each country indicated.

Country of Tax Residency Tax ID Number/TIN

SECTION 3: U.S. PERSONS Please tick one box only in this section. If you are non-U.S. tax resident proceed to Section 4.

The Entity is a Specified U.S. Person (if selected proceed to Section 5)

The Entity is a U.S. person but not a Specified U.S. person (if selected proceed to Section 5)

ENTITY SELF-CERTIFICATION

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SECTION 4: FATCA CLASSIFICATION (Non-U.S. Persons)

(i) If the Entity is a Financial Institution please tick one of the below categories, and provide the entity’s Global Intermediary Identification number (GIIN), if applicable. Irish Financial Institution or a Partner Jurisdiction Financial Institution Registered Deemed Compliant Foreign Financial Institution (FFI) Participating Foreign Financial Institution Non-Participating Foreign Financial Institution Exempt Beneficial Owner Deemed Compliant Foreign Financial Institution (FFI) Excepted Foreign Financial Institution

Please provide the Global Intermediary Identification number (GIIN)

(ii) If the Entity is not a Financial Institution please confirm the Entity’s FATCA status by ticking one of the boxes below. Active Non-Financial Foreign Entity (incl Excepted Non-Financial Foreign Entity) Passive Non-Financial Entity (if selected Section 6 must be completed)

SECTION 5: COMMON REPORTING STANDARD (CRS) CLASSIFICATION All entities MUST complete this section. Please tick only one box in this section

Financial Institution (this includes Non-Reporting Financial Institutions) A professionally managed Investment Entity outside of a CRS Participating Jurisdiction (if selected Section 6 must be completed) Active Non-Financial Entity: (i) a corporation the stock of which is regularly traded on an established securities market or a Related Entity of such a corporation (ii) a Government Entity (iii) an International Organisation (iv) Active Non-Financial Entity – other than (i)-(iii) Passive Non-Financial Entity (if selected Section 6 must be completed)

SECTION 6: CONTROLLING PERSONS Please indicate the name of any controlling person(s) of the account holder and provide an individual self-cert for each controlling person(s).

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SECTION 7: DECLARATION AND UNDERTAKINGS

I declare (as an authorised signatory of the Entity) that the information provided in this form is, to the best of my/our knowledge and belief, accurate and complete. I acknowledge that the information contained in this form and information regarding the Account Holder may be reported to the tax authorities of the country in which this account(s) is/are maintained and exchanged with tax authorities of another country or countries in which the Account Holder may be tax resident where those countries (or tax authorities in those countries) have entered into Agreements to exchange financial account information. I/We undertake to advise the recipient promptly and provide an updated Self-Certification form where any change in circumstances occurs which causes any of the information contained in this form to be incorrect.

Authorised Signature(s):

_______________________________________________ ________________________________________________

Capacity in which Declaration is made:

_______________________________________________ ________________________________________________

Date:

_______________________________________________

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1. I/We acknowledge that Shares in the ICAV are issued in the

name(s) and address set out above in registered form. Proof of title is evidenced by reference to the Share register.

2. I/We, the undersigned, declare that I/we am/are over the age of 18, not a US Person as defined in the Prospectus, and that I/we am/are not acting on behalf of a US Person(s) or for the beneficial interest of a US Person(s), nor do I/we intend selling or transferring any Shares which I/we may purchase to any person who is a US Person, and will promptly notify the Administrator if I/we should become a US person. I/We agree to substantiate the foregoing representation upon request to the satisfaction of the ICAV.

3. I/We warrant that I/we have the right and authority to make the investment contemplated by this Application Form, whether the investment is my/our own or is made on behalf of another person or entity and that I/we are/will not be in breach of the Prospectus, Supplement, and/or any laws or regulations of any relevant jurisdiction.

4. I/We hereby confirm that the ICAV, the Directors, the Manager and the Administrator acting on behalf of the ICAV, are each authorised and instructed to accept and execute any subsequent instructions in respect of the Shares to which this Application relates given by me/us in written form, by facsimile and / or electronic dealing facilities where applicable and in the case of joint account holders which are given by such means jointly by the applicants (“Instructions”). I/We acknowledge that facsimile instructions and / or electronic dealing facilities may not be a secure means of communication, and are aware of the risks involved. I/We hereby indemnify the ICAV, the Directors, the Manager and the Administrator and agree to keep each of them indemnified against any loss of any nature whatsoever arising to each of them as a result of any of them acting upon my/our Instructions. The ICAV, the Directors, the Manager and the Administrator may rely conclusively upon and shall incur no liability in respect of any action taken upon any notice, consent, request, Instructions or other instrument believed, in good faith, to be genuine or to be signed by properly authorised persons.

5. I/We understand that the tax disclosures set forth in the Prospectus are of a general nature and may not cover the jurisdiction in which I am /we are subject to taxation and that the tax consequences of my/our purchase of Shares depend on my/our individual circumstances.

6. I am not/We are not subscribing for Shares on behalf of one or more (i) employee benefit plans (“ERISA Plans”) subject to Title I of United States Employee Retirement Income Security Act of 1974, as amended (“ERISA”), (ii) retirement plans covering only self-employed individuals and individual retirement accounts or otherwise defined as a “plan” in Section 4975(e)(1) of the United States Internal Revenue Code of 1986, as amended (collectively “Qualified Plans”), or (iii) entities deemed to hold the assets of an ERISA Plan or Qualified Plan.

7. I/We hereby undertake to observe and be bound by the provisions of the Prospectus and any supplement applicable to the Fund in which I/we invest and the Instrument of Incorporation of the ICAV and apply to be entered in the register of Shareholders as the registered holder/holders of the Shares issued in relation to this application.

8. I/We hereby acknowledge that the Prospectus and KIID in issue for the relevant Fund or Class may, at the discretion of the Directors, be provided by means of a website or by electronic delivery (which includes email delivery to the email address set out herein or as otherwise agreed with the Administrator from time to time) and that a paper copy will be provided free of charge on request. I/We agree that the ICAV has offered the choice of receipt of the Prospectus and relevant KIIDs by way of a website or by electronic delivery or in paper format and unless I request a paper copy, I/we agree that the Prospectus and relevant KIIDs may be provided by way of electronic delivery. I/We further acknowledge that the ICAV is required to provide the relevant KIID or KIIDs prior to each subsequent subscription for or conversion of Shares in the relevant Class or other Classes in other Funds. I/ we hereby acknowledge that I/we have received or accessed by electronic means, the KIID in good time prior to making any application for shares and that I/we have read same. I/we also consent to accessing the KIID by

electronic means before making any subsequent and/or future subscriptions for Shares in any Class and/or Fund.

9. I/We acknowledge that the ICAV, the Administrator acting on behalf of the ICAV and any delegate may require certain customer due diligence documentation in order to comply with all Anti-Money Laundering and Counter Financing of Terrorism regulatory and legislative requirements in force in Ireland which would include but are not limited to proof of identity of the Applicant and beneficial owner (where applicable), address and source of wealth and source of funds before processing applications and redemption requests, and the ICAV and/or the Administrator and its delegate shall be held harmless and indemnified against any loss occurring due to the failure to process this application or make a redemption or distribution if such information as has been required by the parties hereto has not been provided by me/us within the timescales provided or has been provided in incomplete form and we acknowledge that the ICAV, the Administrator acting on behalf of the ICAV and any delegate may take such steps as each considers appropriate or necessary to discontinue the relationship with an investor where required to do so under applicable law and regulation.

10. I/We shall provide the ICAV with any additional information and documentation which it may reasonably request in connection with tax or Anti-Money Laundering and Counter Financing of Terrorism or other similar requirements in order to substantiate any representations made by me/us or otherwise and I/We authorise the ICAV or its delegates to disclose such information relating to this Application to such persons as they consider appropriate.

11. I/We acknowledge and agree that, where I/we fail to meet any of the ICAV's verification and identification policies as applied from time to time in the ICAV’s compliance with all applicable Anti-Money Laundering and Counter Financing of Terrorism laws and regulations imposed upon me/us, the Administrator, after notification to the Directors where relevant, may suspend any dealings on the account in respect of my/our holding in the ICAV until I/we comply with such applicable verification and identification standards.

12. I/We hereby acknowledge that I/we have read and fully considered and understood the Prospectus, the relevant Supplement, the relevant KIID in connection with this Application for Shares in the ICAV and the most recent Annual Report and Accounts of the ICAV and (if issued after such report and accounts) its most recent Unaudited Semi-Annual Report and that I/we have evaluated my/our investment in the ICAV in the light of my/our financial condition and resources. I/We confirm that I/we am/are aware of the risks involved in investing in the ICAV and that an inherent risk in this investment is the potential to lose all of my/our investment. I/We hereby further acknowledge that I/we am/are applying for Shares on the basis of the Prospectus, the relevant Supplement and the relevant KIID and that I/we have not relied on any representations or statements made or information provided by or on behalf of the ICAV other than information contained in the Prospectus, the relevant Supplement and the relevant KIID.

13. I/We hereby accept such lesser number of Shares, if any, than may be specified above in respect of which this application/transfer may be accepted.

14. (In respect of Joint applicants only) We direct that on the death of one of us, the Shares for which we hereby apply be held in the name of and to the order of the survivor(s) or the estate of the last remaining survivor. I/We acknowledge and agree that in the event of the death of one or more of us the Administrator will require further documentation in relation to any proposed change of name or authority to act in respect of the Shares for which we hereby apply including without limitation a copy of the relevant Death Certificate, Grant of Probate or copy of a valid will.

15. I/We acknowledge that our personal information will be handled by the Administrator (as Data Processor on behalf of the ICAV) in accordance with the Data Protection Acts 1988 to 2018. My/our information will be processed for the purposes of carrying out the services of Administrator, registrar and transfer agent of and on behalf of the ICAV and to comply with legal obligations including such obligations under law and anti-money laundering and counter financing of terrorism legislation. The ICAV or the Administrator,

DISCLOSURE STATEMENTS

20

acting on behalf of the ICAV, will disclose my/our information to third parties where necessary. This may include disclosure to third parties such as auditors, the Irish Revenue Commissioners and the Central Bank of Ireland or other relevant authorities and agents of the Administrator who process the data for anti-money laundering purposes or for compliance with foreign regulatory requirements. I/We hereby consent to the processing of my/our information. This may include the recording of telephone calls with the Administrator for the purpose of confirming data, and the disclosure of his/her information as outlined above and to the Investment Manager and where necessary or in the ICAV's or the Administrator's legitimate interests, to any ICAV in the Administrator's and/or the Investment Manager's group of companies or agents of the Administrator, including companies situated in countries outside of the European Economic Area. These countries may not have the same data protection laws as in Ireland.

16. I/We hereby represent that I/we and the persons we represent as agent or nominee or our beneficial owners or persons who control us or are controlled by us is/are not a prohibited country, territory, individual or entity listed on any EU Sanctions list, a foreign shell bank or a senior foreign political figure or an immediate family member or close associate of a senior foreign political figure and subscription monies are not directly or indirectly derived from activities that may contravene Irish or international laws and regulations, including anti-money laundering laws and regulations.

17. I/We agree to indemnify and hold harmless the ICAV, the Investment Manager, the Manager, the Administrator, the Depositary, the Distributor and their respective directors, officers, employees, and agents against any loss, liability, cost or expense (including without limitation legal fees, taxes and interest) that may result directly or indirectly, from any breach of any representation, warranty, condition, covenant or agreement contained herein or in any other document delivered by me/us to the ICAV, the Investment Manager, the Manager, the Administrator, the Custodian or Distributor. Each of the indemnified parties referred to in this undertaking is an intended third party beneficiary of this undertaking. In the case of delay or failure to provide satisfactory information, each of the ICAV, the Manager or Administrator, may take such action (including declining to accept an application) as they think fit.

18. I/We have made arrangements for payment to be made to the relevant bank account(s) specified above for subscriptions.

19. I/We acknowledge that the ICAV reserves the right to reject any application in whole or part without assigning any reason therefore.

20. I/We understand that the confirmations, representations, declarations, indemnities and warranties made or given herein are continuous and apply to all subsequent subscriptions of Shares by me/us in the ICAV.

21. I/We understand and agree that in normal circumstances any redemption proceeds will only be paid to a bank account from which the subscription money has been remitted from and held in my/our name with a recognised financial institution. I/We acknowledge that if I/We request the Administrator to pay redemption proceeds to an account or bank the details of which differ from those held on file I/we understand that payment cannot be effected until such time as the relevant documentation as specified by the Administrator regarding the change is forwarded by me.

22. I/We acknowledge that the ICAV reserves the right to cancel without notice any contract for which payment has not been received by the relevant settlement date and to recover any losses incurred.

23. I/We understand that while an initial Application will be actioned upon receipt of a fax or via email, (or in such format or method as shall be agreed in writing in advance with the Administrator) I/we undertake to confirm this by forwarding an original copy of the completed application form used on initial subscription. I/We acknowledge that redemption proceeds may not be paid out until the original of the application form used on initial subscription together with all documentation required by the ICAV and the

Administrator, including all documentation required for anti-money laundering purposes has been received by the Administrator.

24. I/We hereby acknowledge that any notice, information or document may be served by the ICAV on me/us in the manner specified from time to time in the Prospectus and, for the purposes of the Electronic Commerce Act 2000 as amended, if I have provided an email address or fax number to the ICAV or its delegate, consent to any such notice or document being sent to me/us by fax or electronically to the fax number or email address previously identified to the ICAV or its delegate which I/we acknowledge constitutes effective receipt by me/us of the relevant notice or document. I/We acknowledge that I am/we are not obliged to accept electronic communication and may at any time choose to revoke my/our agreement to receive communications by fax or electronically by notifying the ICAV in writing at the above address provided that my/our agreement to receive communications by fax or electronically shall remain in full force and effect pending receipt by the ICAV of written notice of such revocation.

25. I/We acknowledge the restrictions on dealing as disclosed in the Prospectus and relevant Supplement and the right of the ICAV to act at its discretion in order to protect the ICAV from market timing, excessive trading or other activity which it believes is harmful to the ICAV.

26. If any of the foregoing representation, warranties or covenants ceases to be true or if the ICAV, Manager and /or Administrator no longer reasonably believes that it has satisfactory evidence as to their truth, notwithstanding any other agreement to the contrary, the ICAV, Manager and /or Administrator may be obliged to freeze my/our investment, either by prohibiting additional investments, declining or suspending any redemption requests and/or segregating the assets constituting the investment in accordance with applicable regulations, or my/our investment may immediately be redeemed by the ICAV or the Manager, and the ICAV, Manager and /or Administrator may also be required to report such action and disclose my/our identity to a relevant authority. In the event that the ICAV, Manager and /or Administrator is required to take any of the foregoing actions, I/we understand and agree that I/we shall have no claim against the ICAV, the Manager, the Investment Manager, the Administrator and their respective affiliates, directors, officers, members, partners, employees, shareholders and agents from any damages as a result of any of the aforementioned actions.

27. I/We agree to provide these confirmations to the ICAV at such times as the ICAV may request, and to provide on request such certifications, documents or other evidence as the ICAV may require to substantiate such representations to the satisfaction of the ICAV.

28. I/We agree to notify the ICAV immediately if I/we become aware that any of the confirmations are no longer accurate and complete in all respects and agree immediately either to have redeemed or to tender to the ICAV for redemption all of my / our Shares.

29. I/We acknowledge that the ICAV intends to take such steps as may be required to satisfy any obligations imposed by either (i) the Foreign Account Tax Compliance Act (“FATCA”) regulations or (ii) any provisions imposed under Irish law arising from the inter-governmental agreement between the Government of the United States of America and the Government of Ireland (“IGA”) so as to ensure compliance or deemed compliance (as the case may be) with the FATCA regulations or the IGA (iii) the Standard for Automatic Exchange of Financial Account Information in Tax Matters (“the Standard”) and, specifically, the Common Reporting Standard (“CRS”) therein; or (iv) any provisions imposed under Irish law arising from the Standard or any international law implementing the Standard (including, without limitation, the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information or the EU Council Directive 2014/107/EU (amending Council Directive 2011/16/EU)) so as to ensure compliance or deemed compliance (as the case may be) with the Standard and the CRS therein.

http://eu/

21

We require detailed verification of each Applicant’s and investor’s identity for anti-money laundering purposes, in accordance with the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018 and any related guidance issued by the Central Bank of Ireland. Please complete Appendix 1 of this Application Form in order to verify each Applicant’s and investor’s identity for anti-money laundering purposes. Appendix 1 can be completed prior to completion and submission of the remainder of this Application Form in order to comply with anti-money laundering requirements prior to any proposed investment. The ICAV reserves the right to request any further documentation it requires to satisfy its obligations under anti-money laundering procedures or legislation. Your subscription agreement may not be deemed complete, and you may not be deemed a Shareholder of the Fund, regardless of whether you have already wired monies, until all of the required documentation is received and processed by the Administrator. Any delay in providing documentation may result in delayed processing of the application, delayed processing of a subsequent subscription and or delayed payment of any future payment proceeds. Depending on its risk assessment of the Applicant and / or as may be required in certain circumstances to ensure information and documentation is up to date or otherwise in accordance with applicable law, the Administrator reserves the right to request additional information and documentation as may be required at time of subscription and / or from time to time. Enhanced due diligence is required on any Applicant who is or whose immediate family member, or close associate is a Politically Exposed Person, including establishing the source of wealth and the source of funds. The Administrator will also require additional information where the Applicant is a Politically Exposed Person or in order to disregard the Applicants as a possible Politically Exposed Person. Part II of this Section details the documentation requirements per the more frequently seen Applicant types. All documentation should be provided in English. Where documents are not available in English, please contact the Administrator for further information. If an application form is sent by email, the original application form (and supporting documentation in relation to money laundering prevention checks) may be required by the Administrator promptly thereafter. Name of Applicant: ________________________________________________________ Occupation (individual applicants): ____________________________________________ Professional activity/business purpose: (entity applicants): _________________________ ________________________________________________________________________

I. DOCUMENTATION REQUIREMENTS Please review the following notes before proceeding: Refer to the applicable page as outlined below for document requirements that must be provided to the Administrator. Documents must be certified as described within. All entity (non-individual) Applicants, where beneficial ownership details are requested in Part II of this Section, must complete the Beneficial Ownership Declaration at Appendix 5 of this Application Form. The definition of a Beneficial Owner is contained in Schedule 1 of this agreement. All Applicants must complete the Politically Exposed Persons Questionnaire at Section G of Appendix 1.

ANTI-MONEY LAUNDERING

22

Financial intermediary sample AML representation letters can be found at Appendices 2a and 2b to this supplement.

II. ADDITIONAL INFORMATION

The following materials must be provided to the Administrator

1. For a regulated entity in a Specified Country2 including a financial intermediary acting on behalf of others (where you, the regulated entity are the named registered investor)

Please provide the name of your regulator and licence or registration number:

Name of regulatory authority or website URL: _____________________

Registration/license No: ________________

A copy of the authorised signatory list.

Completion of the AML representation letter at Appendix 2b

2. For investments made by an unregulated financial intermediary/nominee wholly owned by a regulated entity in a Specified Country2 where the financial intermediary is the named registered investor.

Completion of the AML representation letter at Appendix 2a.

3. For Individuals (inc. IRA participants, Keogh Plans)

(Documentation is required for each joint Purchaser as applicable)

A copy of: a valid government issued form of picture identification with specimen signature (e.g., passport, etc.), and onecopy of proof of current residential address dated within the last three months (e.g., current utility bill, bank statement);

4. For Listed Companies3 in a Specified Country

Name of Exchange or Exchange's Website URL: _______________________________

A copy of the authorised signatory list

Completion of the Beneficial Ownership Declaration at Appendix 5

5. For wholly owned subsidiaries of listed or regulated entities in a Specified Country2

A copy of a certificate of due formation and organisation and continued authorisation to conduct business in the jurisdiction of its

organisation (e.g. certificate of incorporation/registration)

A copy of the memorandum and articles of association or equivalent constitutional document


A copy of register of members/shareholders or other form of confirmation (e.g. audited annual accounts) confirming ownership by a listed or regulated entity in a Specified Country.

2 As of the date hereof Specified Countries are: Austria, Australia, Belgium, Canada, Switzerland, Germany, Denmark, Spain, Finland, Falkland Islands, France, Guernsey, Hong Kong, Ireland, Isle of Man, Italy, Jersey, Japan, Luxembourg, The Netherlands, Norway, New Zealand, Poland, Portugal, Sweden, Singapore, South Africa, South Korea, United Kingdom, United States of America 3 Listed company is one whose securities are admitted to trading on a regulated market

23

A copy of register of directors


6. For Private Companies & other Companies not listed or regulated in a Specified Country2

A copy of a certificate of due formation and organisation and continued authorisation to conduct business in the jurisdiction of its organisation (e.g. certificate of incorporation/registration)

A copy of the memorandum and articles of association or equivalent constitutional document


A copy of register of members/shareholders.

For any beneficial owners as described in part I: A copy of a government issued form of picture identification with specimen signature (e.g., passport, etc.), and one form of proof of current address dated within the last three months (e.g., current utility bill, bank statement etc.)

A copy of register of directors

For 2 directors, A copy of a valid government issued form of picture identification with specimen signature (e.g., passport, etc.), and one form of proof of current residential address dated within the last three months (e.g., current utility bill, bank statement etc.); or identification requirements per legal form if not individuals


7. For Public Bodies4 in a Specified Country2

Please provide URL to relevant website detailing status as a Public Body ___________________

A copy of the authorised signatory list to include the appropriate mandate to operate the account


8. For Public Bodies/local authorities in a Specified Country2 where 8. above does not apply (e.g. no URL to relevant website)

A copy of the relevant constitution/formation document

A copy of the authorised signatory list to include the appropriate mandate to operate the account

Names of each Public Body official


9. For all other Public Bodies/local Authorities

Copies of all documents detailed in section 8 above; and

For 2 officials, a copy of a valid government issued form of picture identification with specimen signature (e.g., passport, etc.), and 2 forms of proof of current residential address dated within the last three months (e.g., current utility bill, bank statement etc.)


Please note that Public Bodies/ local authorities in certain jurisdictions may fall into the category of entities which are owned or controlled by PEPs and therefore may be subject to additional documentation requirements prior to account opening.

4 (a) the applicant has been entrusted with public functions pursuant to the Treaty on the European Union, the Treaties on the European Communities or Community secondary legislation or (b) the applicant’s identity is publicly available, transparent and certain in the reasonable opinion of the Administrator(c) either the applicant is accountable to a Community institution or to the public authority of an EEA state. (d) a body, organisation or group organised under the Freedom of Information Act 1997

24

10. For pension schemes providing retirement benefits to employees in a Specified Country2 (where deductions from wages and the rules of the scheme do not permit a member’s interest under the scheme to be assigned )

A copy of the relevant tax authority approval certificate

A copy of the relevant constitution/formation document or copy of extract from relevant tax authority confirming the names of the controlling parties (e.g. Trustees/Directors/Governors or equivalent)

A copy of evidence that the person representing the investor is empowered (trust deed, charter or constitutional document)

A copy of the authorised signatory list.


11. For all other pension schemes

A copy of the relevant tax authority approval certificate (as applicable)

A copy of the relevant constitution/formation document confirming the names of the controlling parties (e.g. trustees/directors/governors or equivalent)

A copy of evidence that the person representing the investor is empowered (trust deed, charter or constitutional document)

For 2 trustees/directors/governors or equivalent, a copy of a valid government issued form of picture identification with specimen signature (e.g., passport, etc.), and one form of proof of current residential address dated with the last three months (e.g., current utility bill, bank statement etc.); or if not an individual, identification documentation per legal form



12. For private trusts / foundations

A copy of the Trust Deed or equivalent constitutional document

Nature/purpose of trust (if not contained in trust deed or equivalent constitutional document)


Names of settlor(s)/protector(s)

List of all trustees or equivalent (if not contained in the trust deed or equivalent constitutional document).

List of beneficiaries if not already provided in trust deed or equivalent constitutional document.

For 2 trustees or equivalent, a copy of a valid government issued form of picture identification with specimen signature (e.g., passport, etc.), and one form of proof of current residential address dated with the last three months (e.g., current utility bill, bank statement etc.); or if not an individual, identification documentation per legal form

For the settlor/beneficiaries as described above: A copy of a valid government issued form of picture identification with specimen signature (e.g., passport, etc.), and one forms of proof of current residential address dated with the last three months (e.g., current utility bill, bank statement etc.); or if not an individual, identification documentation per legal form.


13. For partnerships

A copy of the partnership agreement or appropriate excerpts

A documented excerpt confirming the controlling partner e.g. the general partner (if not contained in partnership agreement)

A documented list of partners including percentage holding if not already included in the partnership agreement.

A copy of the Authorised signatory list

25

For the general partner or equivalent5, a copy of a valid government issued form of picture identification with specimen signature (e.g., passport, etc.), and one form of proof of current residential address dated with the last three months (e.g., current utility bill, bank statement etc.); or if not an individual, identification documentation per legal form.

For any beneficial owner (as described in part I) who is an individual or entity who ultimately is entitled to or controls, 25% or more of

the capital or profits of the partnership, or otherwise exercises control over management of the partnership a copy of a valid government issued form of picture identification with specimen signature (e.g., passport, etc.), and one form of proof of current residential address dated with the last three months (e.g., current utility bill, bank statement etc.); or if not an individual, identification documentation per legal form


14. For Charities

A copy of the relevant tax authority approval or proof of registration status from the relevant charity commission or equivalent (as applicable)

Confirmation as to nature/purpose including the nature of the funding


A copy of the relevant constitutional/formation document

Names of beneficiaries (or where applicable, class of beneficiaries)

Names of each trustee/director/governor (or equivalent)

For 2 trustees/directors/governors/board members: a copy of a valid government issued form of picture identification with specimen signature (e.g., passport, etc.), and one forms of proof of current residential address dated within the last three months (e.g., current utility bill, bank statement etc.);

For any beneficiary (as defined in part I) a copy of a valid government issued form of picture identification with specimen signature (e.g., passport, etc.), and one form of proof of current residential address dated with the last three months (e.g., current utility bill, bank statement etc.); or if not an individual, identification documentation per legal form.


15. For Clubs and Societies

A letter detailing the legal status and purpose of the club/society including names of all officers and the nature of funding.

A constitution document, e.g. trust deed

A copy of the appropriate authorised mandate detailing those empowered to open/operate the account.


For 2 officers, A copy of a valid government issued form of picture identification with specimen signature (e.g., passport, etc.), and one form of proof of current residential address dated within the last three months (e.g., current utility bill, bank statement etc.);

Names of beneficiaries (where applicable)

For all beneficiaries (as defined in part I) a copy of a valid government issued form of picture identification with specimen signature (e.g., passport, etc.), and one form of proof of current residential address dated with the last three months (e.g., current utility bill, bank statement etc.); or if not an individual, identification documentation per legal form

A copy of most recent annual audited accounts


5 Where the General Partner has control over the Partnership, identification documents must be provided for this individual/entity in addition to documentation for one additional partner or authorised signatory. Identification documentation is required per the legal form of the General Partner.

26

16. For Collective Investment Schemes regulated in a Specified Country2

Confirmation of regulatory status

A copy of the prospectus or operating memorandum or equivalent

A list of directors/manager or equivalent if not contained in prospectus or operating memorandum


AML representation letter from entity responsible for investor AML KYC detailing the AML policies undertaken to identify and verify the scheme investors


17. For all other Collective Investment Schemes

Confirmation of Regulatory status (where applicable)

A copy of the Prospectus or Operating Memorandum

A list of Directors/Manager or equivalent if not contained in Prospectus or Operating Memorandum


AML representation letter from entity responsible for investor AML KYC detailing the AML policies undertaken to identify and verify the scheme investors

For 2 Directors / Manager: a copy of a valid government issued form of picture identification with specimen signature (e.g., passport, etc.), and one form of proof of current residential address dated within the last three months (e.g., current utility bill, bank statement etc.); or if not an individual, identification documentation per legal form

For any beneficial owners (as defined in part I) a copy of a valid government issued form of picture identification with specimen signature (e.g., passport, etc.), and one form of proof of current residential address dated with the last three months (e.g., current utility bill, bank statement etc.); or if not an individual, identification documentation per legal form


27

I/We* declare that the information contained in this Application Form and any attached documentation is true and accurate to the best of my/our* knowledge and belief.

I/We* declare that I/we* have read and fully understand all terms, representations, and conditions in this Application Form.

(* delete as applicable).

Applicant / Authorised Signatory Name:

Capacity of Authorised Signatory (if applicable)

Signature:

Date:



Signature:

Date:



Signature:

Date:



Signature:

Date:

IMPORTANT:

To be valid, Application Forms must be signed by each Applicant and received by the Administrator. In the case of a legal entity, Application Forms should be executed under seal or signed by duly authorised signatories provided that a copy of the authorised signatories list together with sample signatures and details of any signing protocol accompanies the Application Form. If this Application Form is signed under power of attorney such power of attorney or a copy thereof must accompany it. The right is reserved to reject any Application Form in whole or in part or to seek such further information as the ICAV may require to satisfy itself in regard to the identity and legal capacity of any Applicant.

SIGNATURE

28

APPENDIX 1: INVESTOR ACCOUNT OPENING FORM

INVESTOR ACCOUNT OPENING FORM PLEASE ENSURE THAT –

1. ALL RELEVANT SECTIONS ARE COMPLETED IN FULL; 2. THE DETAIL IS TYPED OR WRITTEN IN CAPITAL LETTERS; AND 3. AT LEAST ONE CURRENT AUTHORISED PERSON SIGNS THE FORM.

PLEASE EMAIL THE SIGNED COMPLETED INVESTOR ACCOUNT OPENING FORM ALONG WITH A CURRENT AUTHORISED SIGNATORY LIST, AS APPLICABLE, TO [email protected]. SHOULD YOU HAVE ANY QUESTION IN RELATION TO THE COMPLETION OF ANY SECTION OF THE INVESTOR ACCOUNT OPENING FORM PLEASE CONTACT THE TEAM BY EMAIL AT [email protected] OR BY PHONE AT +353 1 612 4200.

SECTION A: FUND DETAIL FUND NAME:

(Print the full legal name of the fund)

CLASS DETAIL:

(If applicable)

INVESTOR ACCOUNT NAME:

(Print the full name of the investor to be registered with the fund)

mailto:[email protected]

29

SECTION B: INDIVIDUAL / JOINT ACCOUNT DETAIL

THIS SECTION IS TO BE COMPLETED BY A PRIVATE INDIVIDUAL or JOINT ACCOUNT

PLEASE DETAIL EACH INDIVIDUAL TO BE NAMED ON THE INVESTOR ACCOUNT (1) FIRST INDIVIDUAL

FIRST NAME:

SECOND NAME:

DATE OF BIRTH: (DD/MM/YYYY)

NATIONALITY:

TAX IDENTIFICATION NUMBER:

OCCUPATION:

RESIDENTIAL ADDRESS:

STREET NUMBER AND NAME:

TOWN / CITY

POST CODE / IP CODE

COUNTRY

CONTACT DETAIL:

TELEPHONE NUMBER:

EMAIL ADDRESS:

(2) SECOND INDIVIDUAL FIRST NAME:

SECOND NAME:


NATIONALITY:


OCCUPATION:


STREET NUMBER AND NAME:

TOWN / CITY

POST CODE / IP CODE

COUNTRY

CONTACT DETAIL:

TELEPHONE NUMBER:

30

EMAIL ADDRESS:

31

SECTION C: ENTITY DETAIL

THIS SECTION IS TO BE COMPLETED BY AN ENTITY

PART (A): ENTITY DETAIL

(1) INFORMATION: ENTITY NAME:

REGISTERED ADDRESS:

STREET NUMBER / NAME:

TOWN / CITY

POST CODE / IP CODE

COUNTRY

CONTACT DETAIL:

TELEPHONE NUMBER:

EMAIL ADDRESS:

DATE OF FORMATION:

PLACE OF FORMATION:


BUSINESS PURPOSE:

FINANCIAL YEAR END:

(2) ENTITY TYPE: Please tick the appropriate box.

• A BODY CORPORATE.

• A CHARITY, NOT-FOR-PROFIT OR FOUNDATION.

• A CLUB OR SOCIETY.

• A COLLECTIVE INVESTMENT SCHEME.

• A CREDIT INSTITUTION OR FINANCIAL INSTITUTION INVESTING ON ITS OWN BEHALF.

• A LIMITED LIABILITY COMPANY.

• AN INTERMEDIARY INVESTING ON BEHALF OF A THIRD PARTY / CLIENT.

• A PARTNERSHIP.

32

• A PENSION.

• A PUBLIC BODY.

• A SCHOOL, COLLEGE OR UNIVERSITY.

• A TRUST.

• OTHER. * If this box is ticked, please provide details in the below box.

PART (B): THE CONTROLLER(S) DETAIL

PLEASE DETAIL EACH CONTROLLER OF THE ENTITY

(1) FIRST INDIVIDUAL FIRST NAME:

SECOND NAME:


NATIONALITY:


OCCUPATION:


STREET NUMBER & NAME:

TOWN / CITY

POST CODE / IP CODE

COUNTRY


SECOND NAME:


NATIONALITY:


OCCUPATION:



TOWN / CITY

POST CODE / IP CODE

33

COUNTRY

(3) THIRD INDIVIDUAL FIRST NAME:

SECOND NAME:


NATIONALITY:


OCCUPATION:



TOWN / CITY

POST CODE / IP CODE

COUNTRY

PART (C): THE BENEFICIAL OWNER(S) DETAIL

PLEASE DETAIL EACH BENEFICIAL OWNER* OF THE ENTITY

* The definition of a beneficial owner is contained in Schedule 1.

(1) FIRST INDIVIDUAL FIRST NAME:

SECOND NAME:


NATIONALITY:


OCCUPATION:



TOWN / CITY

POST CODE / IP CODE

COUNTRY


SECOND NAME:


34

NATIONALITY:


OCCUPATION:



TOWN / CITY

POST CODE / IP CODE

COUNTRY

(3) THIRD INDIVIDUAL FIRST NAME:

SECOND NAME:


NATIONALITY:


OCCUPATION:



TOWN / CITY

POST CODE / IP CODE

COUNTRY

35

SECTION D: INVESTOR BANK DETAIL

RECEIVING / CORRESPONDENT BANK DETAIL (1st bank to receive the payment) * may not be applicable

BANK NAME:

BANK ADDRESS:

BANK ABA / SWIFT:

INTERMEDIARY BANK DETAIL * may not be applicable

ACCOUNT NUMBER:

BANK NAME:

BANK ADDRESS:

BANK ABA / SWIFT:

FINAL BENEFICIARY BANK DETAIL (final bank to receive payment)

ACCOUNT NUMBER:

BANK NAME:

BANK ADDRESS:

BANK ABA / SWIFT:

INVESTOR BANK ACCOUNT DETAIL * (final recipient account number and name)

ACCOUNT NUMBER:

ACCOUNT NAME:

IBAN (if applicable):

* NOTE:

The investor bank account detail MUST BE a bank account in the name of the INVESTOR ACCOUNT NAME per SECTION A.

THE RECEIPT OF FUNDS FROM A THIRD PARTY AND THE PAYMENT OF PROCEEDS TO A THIRD PARTY ARE NOT PERMITTED.

36

SECTION E: INTERMEDIARY / NOMINEE

THIS SECTION IS TO BE COMPLETED BY AN INTERMEDIARY / NOMINEE

INVESTING ON BEHALF OF AN UNDERLYING BENEFICIARY / CLIENT

(1) WE CONFIRM THAT THE UNDERLYING BENEFICIARY / CLIENT IS:

Please tick the appropriate box.

• AN INDIVIDUAL.

• AN ENTITY.

• A POOLED ACCOUNT REPRESENTING A NUMBER OF UNDERLYING BENEFICIARIES / CLIENTS.

• A TRUST

(2) WE CONFIRM THAT THE UNDERLYING BENEFICIAL OWNER IS:

* The definition of a beneficial owner is contained in Schedule 1.

(3) WE CONFIRM THAT:


• WE EXERCISE CONTROL OVER THE INVESTMENT.

• WE ARE ACTING PURSUANT TO SPECIFIC INSTRUCTION FROM THE UNDERLYING BENEFICIARY / CLIENT.

(4) WE CONFIRM THAT:


• WE APPLY CUSTOMER DUE DILIGENCE AND RECORD KEEPING REQUIREMENTS THAT ARE CONSISTENT WITH THOSE OF THE AML DIRECTIVE (EU) 2015/849 AND WE ARE SUPERVISED FOR COMPLIANCE WITH THESE REQUIREMENTS.

• WE DO NOT APPLY CUSTOMER DUE DILIGENCE AND RECORD KEEPING REQUIREMENTS THAT ARE CONSISTENT WITH THOSE OF THE AML DIRECTIVE (EU) 2015/849.

(5) AML REGULATION:

Please insert the following details into the boxes below.

GOVERNING AML REGULATION:

AML REGULATOR NAME:

AML REGULATOR LOCATION:

37

SECTION F: SANCTIONS

PLEASE TICK THE APPROPRIATE BOX AND FILL IN THE DETAIL AS REQUIRED

(1) SANCTION / EMBARGO:


• I / WE CONFIRM THAT a) I / WE; b) A PERSON IN CONTROL OF; OR c) A PERSON OWNING BENEFICIAL INTEREST IN THIS INVESTMENT

IS / ARE NOT SUBJECT TO A SANCTION OR EMBARGO.


IS / ARE SUBJECT TO A SANCTION OR EMBARGO

* If this box is ticked, please provide details in the below box including:

a) The name of the person / party sanctioned;

b) The detail of the sanction / embargo enforced;

c) The relationship of the person / party sanctioned to the registered investor; and

d) The relevant government;

e) The relevant position within that government;

f) The role of the Politically Exposed Person / nature of interest (e.g. Applicant, beneficial owner or authorised persons); and

g) Any other relevant detail.

38

SECTION G: POLITICALLY EXPOSED PERSON

PLEASE TICK THE APPROPRIATE BOX AND FILL IN THE DETAIL AS REQUIRED

* The definition of a politically exposed person is contained in Schedule 2.

(1) POLITICALLY EXPOSED PERSON:



IS / ARE NOT A POLITICALLY EXPOSED PERSON OR AN IMMEDIATE FAMILY MEMBER OR A CLOSE ASSOCIATE OF A POLITICALLY EXPOSED PERSON AS DEFINED IN THE SCHEDULE 2.


IS / ARE A POLITICALLY EXPOSED PERSON OR AN IMMEDIATE FAMILY MEMBER OR A CLOSE ASSOCIATE OF A POLITICALLY EXPOSED PERSON AS DEFINED IN THE SCHEDULE 2.

* If this box is ticked, please provide details in the below box including:

a) The name of the politically exposed person(s), immediate family member(s) or close associate(s);

b) The position held by the politically exposed person(s), immediate family member(s) or close associate(s);

a) The relationship of the politically exposed person(s), immediate family member(s) or close associate(s) to the registered investor; and

b) Any other relevant detail for the politically exposed person(s), immediate family member(s) or close associate(s).

39

SECTION H: INVESTMENT DETAIL

(1) I / WE CONFIRM THAT THE INVESTMENT IS:


• MADE ON MY / OUR OWN BEHALF.

• MADE ON BEHALF OF A THIRD PARTY OR UNDERLYING BENEFICIARY / CLIENT.

• MADE ON BEHALF OF A TRUST OR LEGAL ARRANGEMENT THAT HAS DISCRETIONARY BENEFICIARIES.

(2) I / WE CONFIRM THAT THE INVESTMENT:


• CONSISTS OF BEARER SHARES / INSTRUMENTS.

• DOES NOT CONSIST OF BEARER SHARES / INSTRUMENTS.

(3) I / WE CONFIRM THAT THE INVESTMENT IS ASSOCIATED WITH THE FOLLOWING INDUSTRY:


• ARMS, TRADE and DEFENCE.

• ARTS or PRECIOUS METALS.

• CONSTRUCTION.

• EXTRACTIVE INDUSTRIES.

• GAS or PETROL.

• MONEY SERVICE, CASH INTENSIVE BUSINESSES, GAMBLING or CASINO.

• PHARMACEUTICAL and HEALTHCARE.

• PUBLIC PROCUREMENT.


(4) I / WE CONFIRM THAT THE SOURCE OF WEALTH* FOR THE INVESTMENT DERIVES FROM:


* The source of wealth refers to the activities that have generated the total net worth of the customer i.e. the activities that produced the customer’s funds and property.

• EMPLOYMENT INCOME.

40

• SALE OF REAL ESTATE.

• SALE OF SECURITES INVESTMENT(S).

• INHERITANCE.


(5) I / WE CONFIRM THAT THE SOURCE OF FUNDS* FOR THE INVESTMENT DERIVES FROM:


* The source of funds refers to the origin and means of transfer of funds that are involved in the transaction e.g. the customer’s occupation, business activities, proceeds of sale etc.

• EMPLOYMENT INCOME. * If this box is ticked, please detail the following in the below box:

a) Job description and location; and

b) The nature / industry of the employer’s business.

• SALE OF REAL ESTATE. * If this box is ticked, please detail the following in the below box:

a) The amount and date that the property was sold; and

b) The location of the real estate.

• SALE OF SECURITIES INVESTMENT(S). * If this box is ticked, please detail the following in the below box:

a) The type of security / securities sold; and

b) The date(s) and the sale amount(s) for the security / securities sold.

41

• INHERITANCE. * If this box is ticked, please detail the following in the below box:

a) The amount(s) and date(s) that the inheritance was received; and

b) The relation to the benefactor.

• OTHER. * If this box is ticked, please provide relevant details in the below box including:

a) The nature including jurisdiction of the source of funds;

b) The relevant date(s) associated; and

c) The amount(s) received.

42

SECTION I: INVESTMENT ACTIVITY

(1) THE BEST ESTIMATE OF CURRENT TOTAL NET ASSETS:


UP TO EUR 500,000 EUR 500,000 TO EUR 1,000,000

EUR 1,000,000 TO EUR 5,000,000 EUR 5,000,000 TO EUR 10,000,000

EUR 10,000,000 TO EUR 50,000,000 OVER EUR 50,000,000

(2) THE INVESTMENT TIME HORIZON*:


* This is the minimum expected period of time for this investment.

UNDER 1 YEAR BETWEEN 1 YEAR and 2 YEARS

BETWEEN 2 YEARS and 5 YEARS MORE THAN 5 YEARS

(3) THE EXPECTED TOTAL AMOUNT TO BE INVESTED:


UP TO EUR 500,000 EUR 500,000 TO 1,000,000

EUR 1,000,000 TO 5,000,000 EUR 5,000,000 TO 10,000,000

EUR 10,000,000 TO 50,000,000 OVER EUR 50,000,000

(4) THE EXPECTED FREQUENCY OF FUTURE INVESTMENT TRANSACTIONS:


DAILY WEEKLY

MONTHLY QUARTERLY

ANNUALLY OTHER*

* If “Other” above is ticked please specify the detail of the expected frequency:

(5) THE EXPECTED AVERAGE AMOUNT PER FUTURE INVESTMENT TRANSACTION:


UP TO EUR 500,000 EUR 500,000 TO 1,000,000

EUR 1,000,000 TO 5,000,000 EUR 5,000,000 TO 10,000,000

EUR 10,000,000 TO 50,000,000 OVER EUR 50,000,000

43

SECTION J: AEOI/FATCA/CRS

In relation to the automatic exchange of information for tax matters (collectively "AEOI"), we are obliged to collect certain information about each account holder’s tax status. Please provide a completed relevant self-certification form below dependent on the jurisdiction of the fund you are investing into and include any additional requested information. Please note that we may be obliged to share this information with relevant tax authorities.

If any of the information below regarding your tax residence or AEOI classification changes in the future, please ensure you advise us of these changes promptly.

For further information on CRS please refer to the OECD automatic exchange of information portal:

http://www.oecd.org/tax/automatic‐exchange/

In addition, please supply any US tax form (Form W8/W9) you may have in conjunction with the supply of the relevant self-certification form.

Irish Funds - Entity Self-Cert Irish Funds - Individual Self-Cert Cayman Islands Funds - Entity Self-Cert Cayman Islands Funds - Individual Self-Cert Luxembourg - Entity Self-Cert Luxembourg - Individual Self-Cert Luxembourg - Controlling Person Self-Cert

http://www.oecd.org/tax/automatic%E2%80%90exchange/

https://files.irishfunds.ie/1498814142-Irish-Funds-Entity-Self-Certification-for-FATCA-and-CRS-May-2017.pdf

https://files.irishfunds.ie/1498814006-Irish-Funds-Individual-Self-Certification-for-FATCA-and-CRS-May-2017.pdf

http://www.tia.gov.ky/pdf/Entity_Self_-_Certification_Form.docx

http://www.tia.gov.ky/pdf/Individual_Self_-_Certification_Form.docx

https://www.alfi.lu/getattachment/181b265c-2c5a-4842-965e-7f5d626e6fee/alfi-crs-dac-template-self-certification-form-entity.pdf

https://www.alfi.lu/getattachment/bea3f7fc-09ee-4a95-9e60-c00b5fe46f89/alfi-alfi-crs-dac-template-self-certification-form-individual.pdf

https://www.alfi.lu/getattachment/a0df0798-0b9b-4787-86be-c2b214dee26a/alfi-alfi-crs-dac-template-self-certification-form-controlling-person.pdf

44

AUTHORISED SIGNATORY

I / WE HEREBY DECLARE THAT:

1. I AM / WE ARE AN AUTHORISED PERSON(S) FOR THIS ACCOUNT; 2. THE ATTACHED CURRENT AUTHORISED SIGNATORY LIST CONFIRMS MY / OUR AUTHORISATION ON

THE ACCOUNT; 3. I HAVE / WE HAVE COMPLETED THE INVESTOR ACCOUNT OPENING FORM AS APPLICABLE; AND 4. THE DETAIL CONTAINED IN THIS INVESTOR ACCOUNT OPENING FORM IS TRUE, ACCURATE AND

COMPLETE TO THE BEST OF MY / OUR KNOWLEDGE.

Signed by: _____________________________ Print Name: _____________________________

Signed by: _____________________________ Print Name: _____________________________

45

SCHEDULE 1 A beneficial owner means any natural person(s) who ultimately owns or controls the customer and/or the natural person(s) on whose behalf a transaction or activity is being conducted and includes at least:

BODY CORPORATE

In the case of a body corporate, a beneficial owner is:

(i) the natural person(s) who ultimately owns or controls a legal entity through direct or indirect ownership of a sufficient percentage of the shares or voting rights or ownership interest in that entity, including through bearer shareholdings, or through control via other means. A shareholding of 25% plus one share or an ownership interest of more than 25% in the customer held by a natural person shall be an indication of direct ownership. A shareholding of 25% plus one share or an ownership interest of more than 25% in the customer held by a corporate entity, which is under the control of a natural person(s), or by multiple corporate entities, which are under the control of the same natural person(s), shall be an indication of indirect ownership.

(ii) if, after having exhausted all possible means and provided there are no grounds for suspicion, no person under point (i) is identified, or if there is any doubt that the person(s) identified are the beneficial owner(s), the natural person(s) who hold the position of senior managing official(s).

PARTNERSHIP

In the case of a partnership, a beneficial owner is any individual who:

(i) ultimately is entitled to or controls, whether the entitlement or control is direct or indirect, more than a 25% share of the capital or profits of the partnership or more than 25% of the voting rights in the partnership, or

(ii) otherwise controls the partnership. TRUST

A. In the case of a trust, a beneficial owner means any of the following:

(i) any individual who is entitled to a vested interest in possession, remainder or reversion, whether or not the interest is defeasible, in the capital of the trust property;

(ii) in the case of a trust other than one that is set up or operates entirely for the benefit of individuals referred to in paragraph (a), the class of individuals in whose main interest the trust is set up or operates;

(iii) any individual who has control over the trust; (iv) the settlor; (v) the trustee; (vi) the protector.

B. For the purposes of and without prejudice to the generality of subsection A above, an individual who is the

beneficial owner of a body corporate that—

(i) is entitled to a vested interest of the kind referred to in subsection (A)(i), or (ii) has control over the trust, is taken to be entitled to the vested interest or to have control over the trust (as the case may be).

C. In this section “control”, in relation to a trust, means a power (whether exercisable alone, jointly with another person or with the consent of another person) under the trust instrument concerned or by law to do any of the following:

(i) dispose of, advance, lend, invest, pay or apply trust property; (ii) vary the trust; (iii) add or remove a person as a beneficiary or to or from a class of beneficiaries; (iv) appoint or remove trustees; (v) direct, withhold consent to or veto the exercise of any power referred to in paragraphs (i) to (iv).

DECEASED PERSONS

46

Beneficial owner, in relation to an estate of a deceased person in the course of administration, means the executor or administrator of the estate concerned.

LEGAL ENTITY or LEGAL ARRANGEMENT

In relation to a legal entity or legal arrangement (other than a corporate, partnership or trust) a beneficial owner means:

A. If the individuals who benefit from the entity or arrangement have been determined, any individual who benefits from the property of the entity or arrangement;

B. If the individuals who benefit from the entity or arrangement have yet to be determined, the class of such individuals in whose main interest the entity or arrangement is set up or operates;

C. Any individual who exercises control over the property of the entity or arrangement; D. Any person holding a position, in relation to the legal entity or legal arrangement that is similar or equivalent to

the position of settlor, trustee or protector in relation to a trust.

47

SCHEDULE 2 A politically exposed person is defined as an individual who is, or has at any time in the preceding 12 months been, entrusted with a prominent public function, including either of the following individuals (but not including any middle ranking or more junior official):

(i) A member of the administrative, management or supervisory body of a state owned enterprise; or (ii) A specified official – being any of the following officials, including any such officials in an institution of the

European Communities or an international body: o a head of state, head of government, government minister or deputy or assistant government minister; o a member of a parliament or similar legislative body; o a member of the governing body of a political party; o a member of a supreme court, constitutional court or other high level judicial body whose decisions,

other than in exceptional circumstances, are not subject to further appeal; o a member of a court of auditors or of the board of a central bank; o an ambassador, chargé d’affairs or high-ranking officer in the armed forces; o a director, deputy director or member of the board of, or person performing the equivalent function in

relation to, an international organisation. A close associate of a politically exposed person includes any of the following persons:

(i) any individual who has joint beneficial ownership of a legal entity or legal arrangement, or any other close business relations, with the politically exposed person;

(ii) any individual who has sole beneficial ownership of a legal entity or legal arrangement set up for the actual benefit of the politically exposed person.

An immediate family member of a politically exposed person includes any of the following:

(i) any spouse of the politically exposed person; (ii) any person who is considered to be equivalent to a spouse of the politically exposed person under the

national or other law of the place where the person or politically exposed person resides; (iii) any child of the politically exposed person; (iv) any spouse of a child of the politically exposed person; (v) any person considered to be equivalent to a spouse of a child of the politically exposed person under the

national or other law of the place where the person or child resides; (vi) any parent of the politically exposed person; (vii) any other family member of the politically exposed person who is of a prescribed class.

48

IMPORTANT NOTES Where any change in circumstances occurs which causes any of the information provided in this form to be incorrect, please contact the Administrator immediately. VERIFICATION OF ID AND ADDRESS: Verification of ID and address should be consistent with those requirements outlined in the Individuals/Joint Holders section of Appendix 1. CERTIFICATION STANDARDS Where requested by the Administrator, the standard requires that a statement such as “I confirm that this is a true copy of the original document, which was seen by me”, is written on the document. The certifier should also include the detail of the capacity in which they are signing the document. Only the “true ink” copies are acceptable (scanned / faxed copies of certified copies will not be accepted). Self-Certification (i.e. a person certifying a copy of his own passport) is NOT permitted. The following are generally accepted to certify documents: - a notary public / solicitor, an accountant, a police officer, embassy staff, a member of the judiciary, a bank official,

a suitably senior employee of another regulated financial institution or any regulated entity permitted to provide certification services.

DOCUMENTS IN ANOTHER LANGUAGE: If the document is not in English relevant details may need to be translated and, if this is the case, the certification should also include a statement that the translation is a true translation. ONGOING MONITORING: The Administrator is required to carry out ongoing monitoring to confirm that information previously provided remains valid and correct, hence, the Administrator reserves the right to request updated and in some cases further documentation if deemed necessary. ID DOCUMENTATION FOR INDIVIDUALS: All ID documents provided on behalf of an individual e.g. passport, government issued ID card must include the applicant’s signature. FULL REDEMPTION OF SHARES The investment relationship with the ICAV is deemed to be terminated upon the redemption of all available Shares. The Administrator will require a new Application Form to be completed prior to any new investment in the ICAV.

49

APPENDIX 2a: AML LETTER (NOMINEE COMPANY WITH REGULATED PARENT ENTITY)

To be completed on the company letterhead of the regulated Parent Company Financial Intermediary Letter6

CIFC Credit Funds ICAV C/O [Insert administrator details]

[Insert Date]

Re: Insert the name of the Fund(s) (the “Fund(s)”) – Verification of Identity in accordance with applicable Anti Money Laundering and Counter the Financing of Terrorist (“AML/CFT”) Laws and Regulations Dear Sir/Madam Insert the name of Financial Intermediary investor (the “Financial Intermediary Company”) We confirm that, insert the name of the regulated parent (the “Parent Company”) with a registered office located at insert the address is licensed as insert the description by the insert the regulatory body and that we are supervised and monitored for compliance with AML/CFT regulatory requirements in insert the country; The Financial Intermediary Company is a wholly owned subsidiary of the Parent Company.

The Parent Company makes the following representations, warranties and undertakings in respect to both the Parent Company and the Financial Intermediary Company:

(i) we have established AML/CFT policies, procedures and internal controls to ensure ongoing compliance with applicable AML/CFT and economic sanctions laws and regulations, insert the relevant law/regulation here;

(ii) our AML/CFT policies, procedures and internal controls incorporate systems and controls to identify and

verify our customers, and their beneficial owners7 and controlling parties, and performs (i) appropriate risk-grading procedures to differentiate between customer due diligence for high and low risk relationships (ii) ongoing customer due diligence, (iii) regular AML/CFT monitoring and sanction screening, (iv) staff AML/CFT training and (v) detect, investigate and, as required, report any suspicious activities to the relevant authorities;

(iii) we have systems and controls in place to identify Politically Exposed Persons, their relatives and close

associates (collectively “PEPs”) and we conduct enhanced due diligence, including establishing the source of wealth and the source of funds and enhanced ongoing monitoring on PEPs and other high risk customers.

With regard to each investor who has invested via the Financial Intermediary Company in the Fund(s), we hereby confirm:

(i) the accounts will only be operated by the Financial Intermediary Company and / or the Parent Company who maintain ultimate, effective control over the account.

(ii) we have performed customer due diligence and identified and verified the beneficial owner(s), and have

obtained the information on the purpose and the intended nature of the business relationship; (iii) to the best of our knowledge, we are unaware of any activities on the part of the investor(s), and their

beneficial owners which could lead us to suspect an involvement in criminal conduct' money laundering or terrorist activities;

(iv) we will retain documents and information on the investor(s), including any beneficial owner, obtained as

part of our customer identification and verification process for at least 5 years after the termination of their relationship with us;

6 Please complete the Declaration of Beneficial Ownership in the Appendix to the letter. 7 Beneficial owner includes the natural person(s) who ultimately owns or controls a customer and/or the natural person(s) on whose behalf a transaction is being conducted. It also includes those persons who exercise ultimate effective control over a legal person or arrangement.

50

(v) we will provide you with related customer due diligence documents and information, which we have on our

files relating to the identity of the investor(s) and beneficial owner(s) upon request; and (vi) none of the investor(s) including any beneficial owner have been identified as PEPs or are subject to

sanctions lists administered by the European Union, the United States, including OFAC, and the United Nations.

We further undertake to advise you, should at any time in the future there be any change in any information provided above or in the Declaration of Beneficial Ownership.

Yours faithfully,

__________________________ Authorised Signatory (State Name and Position of Authorised Signatory8)

8 Company Authorised Signatory List to be provided to confirm signing authority of signatory

51

Appendix – Declaration of Beneficial Ownership Please tick one of the below boxes and complete the relevant section: We confirm there is a natural person(s) who is a beneficial owner of the investor. (Please complete section

1 below of this declaration). We confirm there is no natural person(s) who is a beneficial owneri of the investor. (Please complete section

2 of this declaration).

Section 1: Natural person(s) who is a beneficial owner of the investor Beneficial Owner 1 (please complete in block capitals) Full Name Identification Number Occupation Date of Birth (DD-MM-YYYY) Place of Birth Nationality Percentage % Registered Address (PO or C/O will not be accepted) City, Town, State, Province or County Postal/ZIP Code Country

Beneficial Owner 2 (please complete in block capitals) Full Name Identification Number Occupation Date of Birth (DD-MM-YYYY) Place of Birth Nationality Percentage % Registered Address (PO or C/O will not be accepted) City, Town, State, Province or County Postal/ZIP Code Country Beneficial Owner 3 (please complete in block capitals) Full Name Identification Number Occupation Date of Birth (DD-MM-YYYY) Place of Birth Nationality Percentage % Registered Address (PO or C/O will not be accepted) City, Town, State, Province or County Postal/ZIP Code Country If needed, please add additional natural person(s) who are beneficial owners on a separate sheet

52

Further information which may be required in order to verify the information provided above will be requested as required.

i Definition of a Beneficial Owner. Per 4MLD a beneficial owner is a natural person(s) who ultimately owns or controls the customer and/or the natural person(s) on whose behalf a transaction or activity is being conducted. For a body corporate: (i) the natural person(s) who ultimately owns or controls a legal entity through direct or indirect ownership of a

sufficient percentage of the shares or voting rights or ownership interest in that entity, including through bearer shareholdings, or through control via other means, other than a company listed on a regulated market that is subject to disclosure requirements consistent with Union law or subject to equivalent international standards which ensure adequate transparency of ownership information. A shareholding of 25 % plus one share or an ownership interest of more than 25 % in the customer held by a natural person shall be an indication of direct ownership. A shareholding of 25 % plus one share or an ownership interest of more than 25 % in the customer held by a corporate entity, which is under the control of a natural person(s), or by multiple corporate entities, which are under the control of the same natural person(s), shall be an indication of indirect ownership

(ii) if, after having exhausted all possible means and provided there are no grounds for suspicion, no person under point (i) is identified, or if there is any doubt that the person(s) identified are the beneficial owner(s), the natural person(s) who hold the position of senior managing official(s) being the natural person(s) that controls the body corporate i.e. a Board member, a director or a chief executive officer.

For a partnership: The natural person ultimately entitled to or controls, whether directly or indirectly, more than 25% share of the capital, profits or voting rights or otherwise controls the partnership.

For a trust: (i) the settlor; (ii) the trustee(s); (iii) the protector, if any; (iv) the beneficiaries, or where the individuals benefiting from the legal arrangement or entity have yet to be determined, the class of persons in whose main interest the legal arrangement or entity is set up or operates; (v) any other natural person exercising ultimate control over the trust by means of direct or indirect ownership or by other means.

For legal entities such as foundations, and legal arrangements similar to trusts: The natural person(s) holding equivalent or similar positions to those for a trust.

Section 2: No natural person(s) who is a beneficial owneri of the investor In the event where no natural person falls under the above scenario, the senior managing official(s) of the subscribing entity will be recorded as the Beneficial Owner. In completing the below, we confirm we have read and understood the above definition and we have provided below details of a senior managing officials who should be recorded as the Beneficial Owner(s). Senior managing official details (please complete in block capitals) Full Name Date of Birth (DD-MM-YYYY) Place of Birth Nationality Registered Address (PO or C/O will not be accepted) Title City, Town, State, Province or County Postal/ZIP Code Country If needed, please add additional senior managing official(s) on a separate sheet

53

APPENDIX 2b: AML LETTER (OTHER REGULATED ENTITIES)

To be completed on the company letterhead of the regulated Financial Intermediary9

CIFC Credit Funds ICAV [Insert administrator details]

[Insert Date]

Re: Insert the name of the Fund(s) (the “Fund(s)”) – Verification of Identity in accordance with applicable Anti Money Laundering and Counter the Financing of Terrorist (“AML/CFT”) Laws and Regulations Dear Sir/Madam We confirm that, insert the name of the financial intermediary (the “Financial Intermediary”) with a registered office located at insert the address is licensed as insert the description by the insert the regulatory body and that we are supervised and monitored for compliance with AML/CFT regulatory requirements in insert the country. We hereby confirm the following in connection with all investors (the “Investors”) and their beneficial owners in all designations in the Fund(s):

(iv) we have established AML/CFT policies, procedures and internal controls to ensure ongoing compliance with applicable AML/CFT and economic sanctions laws and regulations insert the relevant law/regulation here;

(v) our AML/CFT policies, procedures and internal controls incorporate systems and controls to identify and

verify our customers, and their beneficial owners10 and controlling parties, and performs (i) appropriate risk-grading procedures to differentiate between customer due diligence for high and low risk relationships (ii) ongoing customer due diligence, (iii) regular AML/CFT monitoring and sanction screening, (iv) staff AML/CFT training and (v) detect, investigate and, as required, report any suspicious activities to the relevant authorities; and

(vi) we have systems and controls in place to identify Politically Exposed Persons, their relatives and close

associates (collectively “PEPs”) and we conduct enhanced due diligence, including establishing the source of wealth and the source of funds and enhanced ongoing monitoring on PEPs and other high risk customers.

With regard to each Investor who has invested via the Financial Intermediary in the Fund(s), we hereby confirm:

(vii) the accounts will only be operated by the Financial Intermediary who maintain ultimate, effective control

over the account; (viii) we have performed customer due diligence and identified and verified the beneficial owner(s), and have

obtained the information on the purpose and the intended nature of the business relationship; (ix) to the best of our knowledge, we are unaware of any activities on the part of the investor(s), and their

beneficial owners which could lead us to suspect an involvement in criminal conduct' money laundering or terrorist activities;

(x) we will retain documents and information on the investor(s), including any beneficial owner, obtained as

part of our customer identification and verification process for at least 5 years after the termination of their relationship with us;

(xi) we will provide you with related customer due diligence documents and information, which we have on our

files relating to the identity of the investor(s) and beneficial owner(s) upon request; and

9 Please complete the Declaration of Beneficial Ownership in the Appendix to the letter. 10 Beneficial owner includes the natural person(s) who ultimately owns or controls a customer and/or the natural

person(s) on whose behalf a transaction is being conducted. It also includes those persons who exercise ultimate effective control over a legal person or arrangement

54

(xii) none of the investor(s) including any beneficial owner have been identified as PEPs or are subject to

sanctions lists administered by the European Union, the United States, including OFAC, and the United Nations.

We further undertake to advise you, should at any time in the future there be any change in any information provided above or in the Declaration of Beneficial Ownership.

Yours faithfully,

__________________________ Authorised Signatory (State Name and Position of Authorised Signatory11)

11 Company Authorised Signatory List to be provided to confirm signing authority of signatory

55

Appendix – Declaration of Beneficial Ownership Please tick one of the below boxes and complete the relevant section: We confirm there is a natural person(s) who is a beneficial owner of the investor. (Please complete section

1 below of this declaration). We confirm there is no natural person(s) who is a beneficial owneri of the investor. (Please complete section

2 of this declaration).

Section 1: Natural person(s) who is a beneficial owner of the investor Beneficial Owner 1 (please complete in block capitals) Full Name Identification Number Occupation Date of Birth (DD-MM-YYYY) Place of Birth Nationality Percentage % Registered Address (PO or C/O will not be accepted) City, Town, State, Province or County Postal/ZIP Code Country

Beneficial Owner 2 (please complete in block capitals) Full Name Identification Number Occupation Date of Birth (DD-MM-YYYY) Place of Birth Nationality Percentage % Registered Address (PO or C/O will not be accepted) City, Town, State, Province or County Postal/ZIP Code Country Beneficial Owner 3 (please complete in block capitals) Full Name Identification Number Occupation Date of Birth (DD-MM-YYYY) Place of Birth Nationality Percentage % Registered Address (PO or C/O will not be accepted) City, Town, State, Province or County Postal/ZIP Code Country If needed, please add additional natural person(s) who are beneficial owners on a separate sheet

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Further information which may be required in order to verify the information provided above will be requested as required.

1 Definition of a Beneficial Owner. Per 4MLD a beneficial owner is a natural person(s) who ultimately owns or controls the customer and/or the natural person(s) on whose behalf a transaction or activity is being conducted. For a body corporate:

(i) the natural person(s) who ultimately owns or controls a legal entity through direct or indirect ownership of a sufficient percentage of the shares or voting rights or ownership interest in that entity, including through bearer shareholdings, or through control via other means, other than a company listed on a regulated market that is subject to disclosure requirements consistent with Union law or subject to equivalent international standards which ensure adequate transparency of ownership information. A shareholding of 25 % plus one share or an ownership interest of more than 25 % in the customer held by a natural person shall be an indication of direct ownership. A shareholding of 25 % plus one share or an ownership interest of more than 25 % in the customer held by a corporate entity, which is under the control of a natural person(s), or by multiple corporate entities, which are under the control of the same natural person(s), shall be an indication of indirect ownership

(ii) if, after having exhausted all possible means and provided there are no grounds for suspicion, no person under point (i) is identified, or if there is any doubt that the person(s) identified are the beneficial owner(s), the natural person(s) who hold the position of senior managing official(s) being the natural person(s) that controls the body corporate i.e. a Board member, a director or a chief executive officer.

For a partnership: The natural person ultimately entitled to or controls, whether directly or indirectly, more than 25% share of the capital, profits or voting rights or otherwise controls the partnership.

For a trust: (i) the settlor; (ii) the trustee(s); (iii) the protector, if any; (iv) the beneficiaries, or where the individuals benefiting from the legal arrangement or entity have yet to be determined, the class of persons in whose main interest the legal arrangement or entity is set up or operates; (v) any other natural person exercising ultimate control over the trust by means of direct or indirect ownership or by other means.

For legal entities such as foundations, and legal arrangements similar to trusts: The natural person(s) holding equivalent or similar positions to those for a trust.

Section 2: No natural person(s) who is a beneficial owneri of the investor In the event where no natural person falls under the above scenario, the senior managing official(s) of the subscribing entity will be recorded as the Beneficial Owner. In completing the below, we confirm we have read and understood the above definition and we have provided below details of a senior managing officials who should be recorded as the Beneficial Owner(s). Senior managing official details (please complete in block capitals) Full Name Date of Birth (DD-MM-YYYY) Place of Birth Nationality Registered Address (PO or C/O will not be accepted) Title City, Town, State, Province or County Postal/ZIP Code Country If needed, please add additional senior managing official(s) on a separate sheet

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APPENDIX 3: CUSTOMER INFORMATION NOTICE – COMMON REPORTING STANDARD

The ICAV intends to take such steps as may be required to satisfy any obligations imposed by (i) the Standard for Automatic Exchange of Financial Account Information in Tax Matters (“the Standard”) and, specifically, the Common Reporting Standard (“CRS”) therein or (ii) any provisions imposed under Irish law arising from the Standard or any international law implementing the Standard (to include the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information or the EU Council Directive 2011/16/EU (as amended by Council Directive 2014/107/EU)) so as to ensure compliance or deemed compliance (as the case may be) with the Standard and the CRS therein from 1 January 2016. The ICAV is obliged under Section 891F of the Taxes Consolidation Act 1997 (as amended) and regulations made pursuant to that section to collect certain information about each Applicant’s tax arrangements. Please note that in certain circumstances the ICAV may be legally obliged to share this information and other financial information with respect to an Applicant’s interests in the ICAV with the Irish Revenue Commissioners. In turn, and to the extent the account has been identified as a Reportable Account, the Irish Revenue Commissioners will exchange this information with the country of residence of the Reportable Person(s) in respect of that Reportable Account. In particular, the following information will be reported by the ICAV to the Irish Revenue Commissioners in respect of each Reportable Account maintained by the ICAV;

• The name, address, jurisdiction of residence, tax identification number and date and place of birth, in the case of an individual, of each Reportable Person that is an Account Holder of the account and, in the case of any Entity that is an Account Holder and that, after application of the due diligence procedures consistent with CRS is identified as having one or more Controlling Persons that is a Reportable Person, the name, address, jurisdiction of residence and tax identification number of the Entity and the name, address, jurisdiction of residence, TIN and date and place of birth of each such Reportable Person.

• The account number (or functional equivalent in the absence of an account number); • The account balance or value as of the end of the relevant calendar year or other appropriate reporting period

or, if the account was closed during such year or period, the closure of the account; • The total gross amount paid or credited to the Account Holder with respect to the account during the calendar

year or other appropriate reporting period with respect to which the Reporting Financial Institution is the obligor or debtor, including the aggregate amount of any redemption payments made to the Account Holder during the calendar year or other appropriate reporting period.

Please note that in certain limited circumstances it may not be necessary to report the tax identification number and date of birth of a Reportable Person. In addition to the above, the Irish Revenue Commissioners and Irish Data Protection Commissioner have confirmed that Irish Financial Institutions (such as the ICAV) may adopt the “wider approach” for CRS. This allows the ICAV to collect data relating to the country of residence and the tax identification number from all non-Irish resident Applicants. The ICAV can send this data to the Irish Revenue Commissioners who will determine whether the country of origin is a Participating Jurisdiction for CRS purposes and, if so, exchange data with them. Revenue will delete any data for non-Participating Jurisdictions. The Irish Revenue Commissioners and the Irish Data Protection Commissioner have confirmed that this wider approach can be undertaken for a set 2-3 year period pending the resolution of the final CRS list of Participating Jurisdictions. Applicants can obtain more information on the ICAV’s tax reporting obligations on the website of the Irish Revenue Commissioners (which is available at http://www.revenue.ie/en/business/aeoi/index.html) or the following link in the case of CRS only: http://www.oecd.org/tax/automatic-exchange/. All capitalised terms above, unless otherwise defined above, shall have the same meaning as they have in the Standard

http://www.revenue.ie/en/business/aeoi/index.html

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DATA PRIVACY STATEMENT This statement sets out details of how the ICAV and third parties acting on the ICAV’s behalf collect and process personal information, which may constitute personal data within the meaning of Data Protection Legislation, in connection with investments in the ICAV. This statement explains what personal data is collected, the purposes for which it is used, the third parties to whom it may be disclosed and how individuals can exercise their rights in relation to their personal data. Shareholders’ personal data will be used by the ICAV for the following purposes:

• to manage and administer a Shareholder’s holding in the ICAV and any related accounts on an ongoing basis in accordance with the contract between the Shareholder and the ICAV;

• to carry out statistical analysis and market research as the ICAV’s legitimate business interest; and

• to comply with legal and regulatory obligations applicable to the investor and the ICAV from time to time

including applicable anti-money laundering and counter terrorist financing legislation. In particular, in order to comply with the information reporting regimes set out in Section 891C and Section 891E to Section 891G (inclusive) of the Taxes Consolidation Act 1997 (as amended) and regulations made pursuant to those sections, Shareholders’ personal data (including financial information) may be shared with the Irish Revenue Commissioners. They in turn may exchange information (including personal data and financial information) with foreign tax authorities (including the U.S. Internal Revenue Service and foreign tax authorities located outside the European Economic Area). Please consult the AEOI (Automatic Exchange of Information) webpage on www.revenue.ie for further information in this regard.

Where processing is carried out on behalf of the ICAV, the ICAV shall engage a data processor, within the meaning of Data Protection Legislation, which provides sufficient guarantees to implement appropriate technical and organizational security measures in a manner that such processing meets the requirements of Data Protection Legislation, and ensures the protection of the rights of investors. For example, the Administrator may process personal data relating to the shareholder of the ICAV for the purposes of providing services to the ICAV, performing its legal and regulatory obligations and conducting financial crime risk management and other activities, including disclosing those data to the Fund and to third parties and transferring them internationally. The ICAV will enter into a written contract with the data processor which will set out the data processor's specific mandatory obligations laid down in Data Protection Legislation, including to process personal data only in accordance with the documented instructions from the ICAV. Shareholders’ personal data may be transferred to countries which may not have the same or equivalent data protection laws as Ireland. If such transfer occurs, the ICAV is required to ensure that such processing of shareholders’ personal data is in compliance with Data Protection Legislation and, in particular, that appropriate measures are in place such as entering into model contractual clauses (as published by the European Commission) or ensuring that the recipient is “Privacy Shield” certified, if appropriate. Pursuant to the Data Protection Legislation, Shareholders have a number of rights which may be exercised in respect of their personal data, i.e.:

• the right of access to personal data held by the ICAV;

• the right to amend and rectify any inaccuracies in personal data held by the ICAV;

• the right to erase personal data held by the ICAV;

• the right to data portability of personal data held by the ICAV; and

• the right to request restriction of the processing of personal data held by the ICAV; and

• the right to object to processing of personal data by the ICAV. These rights will be exercisable subject to limitations as provided for in the Data Protection Legislation. In certain circumstances it may not be feasible for the ICAV to discharge these rights, for example because of the structure of the ICAV or the manner in which the Shareholder holds Shares in a Fund. Shareholders may make a request to the ICAV to exercise these rights. Please note that personal data may be retained by the ICAV for the duration of a shareholder’s investment and afterwards in accordance with the ICAV’s legal and regulatory obligations, including but not limited to the ICAV’s record retention policy. The ICAV is a data controller within the meaning of the Data Protection Legislation and undertakes to hold any personal information provided by Shareholders in confidence and in accordance with the Data Protection Legislation. For queries, requests or comments in respect of this notice or the way in which the ICAV uses Shareholders’ personal data, Shareholders may contact the Directors at the registered office of the ICAV. Shareholders have the right to

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lodge a complaint with the Office of the Data Protection Commissioner if they are dissatisfied with the manner in which their personal data is used by the ICAV.

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APPENDIX 4: SUPPLEMENT TO APPLICATION FORM - TO BE COMPLETED BY U.S. PERSONS ONLY

ATTACHMENT A ACCREDITED INVESTOR STATUS

The Applicant represents and warrants that he, she or it is an “accredited investor” (an “Accredited Investor”) as such term is defined in Rule 501(a) of Regulation D under the 1933 Act, as amended, for one or more of the reasons specified below (please check all boxes that apply).

For Natural Persons

The Applicant is a natural person and (please check all boxes that apply):

has an individual net worth (determined by subtracting total liabilities from total assets), or joint

net worth with the Applicant’s spouse, in excess of $1,000,000 (excluding Applicant’s primary residence and indebtedness thereon up to the gross value of such residence, except that if the amount of such indebtedness outstanding at the time of Applicant’s admission to the Sub-Fund exceeds the amount of such indebtedness outstanding 60 days before such time, other than as a result of the acquisition of the primary residence, the amount of such excess shall be included as a liability in the determination of Applicant’s net worth); and/or

had an individual income in excess of $200,000 (or a joint income together with the Applicant’s

spouse in excess of $300,000) in each of the two most recently completed calendar years, and reasonably expects to have an individual income in excess of $200,000 (or a joint income together with the Applicant’s spouse in excess of $300,000) in the current calendar year.

For Entities

The Applicant is an entity and (please check all boxes that apply):

is a corporation, partnership, limited liability company, Massachusetts or similar business trust

or organization described in Section 501(c)(3) of the Code, not formed for the specific purpose of acquiring interests in the Sub-Fund that has total assets in excess of $5,000,000;

is a bank as defined in Section 3(a)(2) of the 1933 Act, a savings and loan association, or other

institution defined in Section 3(a)(5)(A) of the 1933 Act acting in either its individual or fiduciary capacity (this includes a trust for which a bank acts as trustee and exercises investment discretion with respect to the trust’s decision to invest in the Sub-Fund);

is a broker dealer registered pursuant to Section 15 of the U.S. Securities Exchange Act of 1934,

as amended (the “Exchange Act”);

is an insurance company as defined in Section 2(a)(13) of the 1933 Act;

is an investment company registered under the Investment Company Act, or a business development company as defined in Section 2(a)(48) of the Investment Company Act;

is a Small Business Investment Company licensed by the U.S. Small Business Administration

under Section 301(c) or (d) of the U.S. Small Business Investment Act of 1958, as amended;

is a plan established and maintained by a state, its political subdivisions, or an agency or instrumentality of a state or its political subdivisions, for the benefit of employees, having total assets in excess of $5,000,000;

is an employee benefit plan within the meaning of ERISA, (a) for which the investment decision

to acquire an interest in the Sub-Fund is being made by a plan fiduciary, as defined in Section 3(21) of ERISA, that is either a bank, savings and loan association, insurance company, or registered investment adviser, (b) which has total assets in excess of $5,000,000, or (c) which is self-directed, with the investment decisions made solely by persons who are Accredited Investors;

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is a private business development company as defined in Section 202(a)(22) of the U.S. Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”);

is a trust not formed for the specific purpose of acquiring interests in the Sub-Fund with total assets in excess of $5,000,000 and directed by a person who has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of investing in the Sub-Fund;

is a revocable trust (including a revocable trust formed for the specific purpose of acquiring an

interest in the Sub-Fund) and the grantor or settlor of such trust is an Accredited Investor; and/or

is an entity in which each equity owner is an Accredited Investor (additional information may be required for each stockholder, partner, member or other owner of the Applicant).

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ATTACHMENT B

INVESTMENT COMPANY STATUS

The Applicant represents and warrants as set forth below.

1. All Applicants, please check one of the following four boxes:

The Applicant is a natural person.

The Applicant is not an “investment company” within the meaning of the Investment Company Act and is not an entity that would be an “investment company” but for the exceptions provided in Sections 3(c)(1) or 3(c)(7) of the Investment Company Act.

The Applicant is an “investment company” within the meaning of the Investment Company Act or is an entity that would be an Investment Company but for the exceptions provided in Sections 3(c)(1) or 3(c)(7) of the Investment Company Act. (Note: If this box is checked and the Sub-Fund is relying on Section 3(c)(1) of the Investment Company Act for an exemption from the definition of an “investment company,” then either the Applicant’s interest in the Sub- Fund must be kept below 10% of the Sub-Fund’s outstanding interests, or the equity holders in the Applicant must be taken into account in determining the number of equity holders in the Sub-Fund for purposes of Section 3(c)(1). Accordingly, the Sub-Fund may require additional information from the Applicant.)

The Applicant is an entity that would be an “investment company” but for another exception under the Investment Company Act. Please describe:

******************

2. All Applicants, please check one of the following two boxes:

The Applicant owns no interest in the Sub-Fund other than the interest to be acquired pursuant to this Application Form; or

The Applicant owns interests in the Sub-Fund other than the interest to be acquired pursuant to this Application Form.

******************

3. All Applicants that are entities, please check one of the following two boxes, if applicable.

If the Applicant is a corporation, trust, partnership, limited liability company or other organization or entity:

The Applicant currently does not and will not invest more than 40% of its “committed capital”

(including all amounts which have been contributed to the Applicant by its shareholders, partners, members or other equity holders plus all amounts which such persons remain obligated to contribute to it) in the Sub-Fund; or

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The Applicant’s interest in the Sub-Fund immediately after the acquisition of interests pursuant to this Application Form represents % of the Applicant’s “committed capital,” and the Applicant has not been formed for the sole purpose of investing in the Sub-Fund or circumventing the requirements of Section 3(c)(1) or 3(c)(7) of the Investment Company Act, as the case may be, for the following reasons: (Note: If the Applicant cannot check the box in the immediately preceding paragraph, the Applicant must describe all facts and circumstances to demonstrate that it was not formed for the specific purpose of investing in the Sub-Fund. The Sub-Fund may require additional information from the Applicant.)

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ATTACHMENT C

QUALIFIED PURCHASER STATUS

1. “Qualified Purchaser” means a person that is described in Section 1(a) through (g) below. Please mark each category applicable to the Applicant (and if the Applicant is an entity, please be sure to answer from the perspective of the entity itself). Please note that the Appendix to this Attachment C contains several important definitions applicable to this Attachment C, including the term “Investments.” The Applicant is:

(a) A natural person who owns not less than $5,000,000 in Investments. For this purpose, Investments owned by the Applicant include all Investments that are the Applicant’s separate property and any Investments held jointly with the Applicant’s spouse, as community property or otherwise, but do not include Investments that are the separate property of the Applicant’s spouse unless the Shares will be a joint investment of the Applicant and the Applicant’s spouse.

(b) A natural person who has discretionary investment authority with regard to at least $25,000,000 of Investments, including for this purpose solely the Applicant’s own Investments and Investments of third parties that are themselves accurately described by one or more paragraphs of this Section 1 (other than paragraph (h)).

(c) A corporation, partnership, limited liability company, trust or other organization that: (i) was not organized or reorganized and is not operated for the specific purpose of acquiring the Shares or any other interest in the Sub-Fund, and less than 40% of the assets of which will consist of interests in the Sub- Fund (calculated as of the time of the Applicant’s execution of this Application Form and the Applicant’s admission to the Sub-Fund); (ii) owns not less than $5,000,000 in Investments; and (iii) is owned directly or indirectly solely by or for two or more natural persons who are related as siblings or spouses (including former spouses), or direct lineal descendants by birth or adoption, spouses of such persons, the estates of such persons, or foundations, charitable organizations, or trusts established by or for the benefit of such persons.

(d) A trust: (i) that is not described in paragraph (c) of this Section 1; (ii) that was not organized or reorganized and is not operated for the specific purpose of acquiring the Shares or any other interest in the Sub-Fund, and less than 40% of the assets of which will consist of interests in the Sub-Fund (calculated as of the time of the Applicant’s execution of this Application Form and the Applicant’s admission to the Sub-Fund); and (iii) with respect to which each of the settlors and other contributors of assets, trustees, and other authorized decision makers is a person described in paragraph (a), (b), (c) or (e) of this Section 1.

(e) An entity that: (i) was not organized or reorganized and is not operated for the specific purpose of acquiring the Shares or any other interest in the Sub-Fund, and less than 40% of the assets of which will consist of interests in the Sub-Fund (calculated as of the time of the Applicant’s execution of this Application Form and the Applicant’s admission to the Sub-Fund); and (ii) has discretionary investment authority with regard to at least $25,000,000 of Investments, whether for its own account or for the account of other persons that are themselves accurately described by one or more other paragraphs of this Section 1 (other than paragraph (h)).

(f) A Qualified Institutional Buyer within the meaning of Rule 2a51-1(g) under the Investment Company Act. Note that not all persons that are Qualified Institutional Buyers within the meaning of Rule 144A under the 1933 Act satisfy the definition in Rule 2a51-1(g) under the Investment Company Act. Dealers described in paragraph (a)(1)(ii) of Rule 144A under the 1933 Act, must own and invest on a discretionary basis at least $25 million in securities of issuers that are not affiliated persons of the Applicant. The following plans are not Qualified Institutional Buyers within the meaning of Rule 2a51-1(g) under the Investment Company Act except with respect to investment decisions made solely by the fiduciary, trustee or sponsor of such plan: (i) a plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, (ii) an employee benefit plan within the meaning of the Title I of ERISA, or (iii) a trust fund whose trustee is a bank or trust company and whose participants are exclusively persons described in (d) or (e) of paragraph (a)(1)(i) of Rule 144A under the 1933 Act (but not a trust fund that includes individual retirement accounts or H.R. 10 plans as participants).

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(g) An entity, each and every beneficial owner of which is accurately described by one or more of the foregoing paragraphs of this Section 1 or is itself an entity each and every beneficial owner of which is accurately described by one or more of the foregoing paragraphs of this Section 1. If the Applicant is a qualified purchaser solely for the reason described in this paragraph 1(g), please complete Attachment H.

(h) NOT accurately described by any of the foregoing paragraphs of this Section 1. If the Applicant selects this paragraph 1(h) and is an employee of CIFC Asset Management LLC (the “Adviser”) or any of the Adviser’s affiliates, please complete question 4 below.

2. If the Applicant is a qualified purchaser solely for the reasons referenced in paragraphs 1(c) or 1(g), the Applicant agrees to restrict direct and indirect transfers of beneficial interests in the Applicant to, in the case of 1(c), qualified family members and, in the case of 1(g), qualified purchasers.

3. If the Applicant is a company formed on or before April 30, 1996 that relies on the exceptions provided for in Section 3(c)(1) or 3(c)(7) of the Investment Company Act to be exempt from registration as an investment company under the Investment Company Act, the Applicant hereby represents and warrants that all consents required under the Investment Company Act to the Applicant’s treatment as a qualified purchaser have been obtained.

4. If the Applicant checked the box for paragraph 1(h) above and is an employee of the Adviser or any of the Adviser’s affiliates, please complete the following questions.

For Natural Persons:

(a) Is the Applicant an employee of the Sub-Fund, the Adviser, or an affiliate thereof?

Yes No

(b) Does the Applicant, in connection with his or her regular duties, participate in the investment activities of the Adviser, the Sub-Fund, or any other private investment funds managed by the Adviser, other than in a clerical or administrative (including accounting) function?

Yes No

If question 4(b) was answered “Yes,” please specify your title and describe your role with respect to the Adviser and the investment activities of the Adviser, the Sub-Fund, or any other private investment funds managed by the Adviser:

(c) If question 4(b) was answered “Yes,” has the Applicant performed such functions and duties on behalf of the Sub-Fund, the Adviser, or substantially similar functions on behalf of another private investment fund or its investment manager for 12 months or more?

Yes No

(d) Is the Applicant an Executive Officer, director, trustee, general partner, advisory board member, or person serving in a similar capacity, of the Sub-Fund or the Adviser? (For purposes of this question, an “Executive Officer” means a president or vice-president in charge of a principal business unit, division or function (such as sales, administration or finance), or some other officer that performs a policy-making function for the Sub-Fund or the Adviser.)

Yes No

For Entities:

(e) Does each beneficial owner of the entity qualify as a “knowledgeable employee” pursuant to questions 4(a) through 4(d) above, or as a “qualified purchaser” pursuant to this Attachment C?

Yes No

If the answer is “No,” please contact the Administrator.

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APPENDIX TO ATTACHMENT C

Definitions

1. Investments.

(a) The term “Investments” shall mean:

(i) Securities, other than securities of an issuer that controls, is controlled by, or is under common control with, the Prospective Qualified Purchaser (as defined below in paragraph 1(i)(vi)) that owns such securities, unless the issuer of such securities is:

(1) An Investment Vehicle (as defined below in paragraph 1(i)(iv));

(2) A Public Company (as defined below in paragraph 1(i)(vii)); or

(3) A Company (as defined below in paragraph 1(i)(ii)) with shareholders’ equity of

not less than $50 million (determined in accordance with generally accepted accounting principles) as reflected on the Company’s most recent financial statements, provided that such financial statements present the information as of a date within 16 months preceding the date on which the Prospective Qualified Purchaser acquires the securities of a Section 3(c)(7) Company (as defined below in paragraph 1(i)(ix));

(ii) Real estate held for investment purposes (as defined below in paragraph 1(b));

(iii) Commodity Interests (as defined below in paragraph 1(i)(i)) held for investment purposes

(as defined below in paragraph 1(b));

(iv) Physical Commodities (as defined below in paragraph 1(i)(v)) held for investment purposes (as defined below in paragraph 1(b));

(v) To the extent not securities, financial contracts (as such term is defined in section

3(c)(2)(B)(ii) of the Investment Company Act) entered into for investment purposes (as defined below in paragraph1(b));

(vi) In the case of a Prospective Qualified Purchaser that is a Section 3(c)(7) Company (as

defined below in paragraph (i)(ix)), a Company that would be an Investment Company but for the exclusion provided by Section 3(c)(1) of the Investment Company Act or a commodity pool, any amounts payable to such Prospective Qualified Purchaser pursuant to a firm agreement or similar binding commitment pursuant to which a person has agreed to acquire an interest in, or make capital contributions to, the Prospective Qualified Purchaser upon the demand of the Prospective Qualified Purchaser; and

(vii) Cash and cash equivalents (including foreign currencies) held for investment purposes.

For purposes of this section, cash and cash equivalents include:

(1) Bank deposits, certificates of deposit, bankers acceptances and similar bank instruments held for investment purposes; and

(2) The net cash surrender value of an insurance policy.

(b) Investment Purposes. For purposes of defining “Investments”:

(i) Real estate shall not be considered to be held for investment purposes by a Prospective

Qualified Purchaser (as defined below in paragraph 1(i)(vi)) if it is used by the Prospective Qualified Purchaser or a Related Person (as defined below in paragraph (i)(viii)) for personal purposes or as a place of business, or in connection with the conduct of the trade or business of the Prospective Qualified Purchaser or a Related Person, provided that real estate owned by a Prospective Qualified Purchaser who is engaged primarily in the business of investing, trading or developing real estate in connection with such business may be deemed to be held for investment purposes. Residential real estate shall not be deemed to be used for such personal purposes if deductions with respect to such real estate are not disallowed by Section 280A of the Code.

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(ii) A Commodity Interest (as defined below in paragraph 1(i)(i)) or Physical Commodity (as defined below in paragraph 1(i)(v)) owned, or a financial contract entered into, by the Prospective Qualified Purchaser who is engaged primarily in the business of investing, reinvesting, or trading in Commodity Interests, Physical Commodities or financial contracts in connection with such business may be deemed to be held for investment purposes.

(c) Valuation. For purposes of determining whether a Prospective Qualified Purchaser (as defined

below in paragraph 1(i)(vi)) is a Qualified Purchaser, the aggregate amount of Investments owned and invested on a discretionary basis by the Prospective Qualified Purchaser shall be the Investments’ fair market value on the most recent practicable date or their cost, provided that:

(i) In the case of Commodity Interests (as defined below in paragraph (i)(i)), the amount of

Investments shall be the value of the initial margin or option premium deposited in connection with such Commodity Interests; and

(ii) In each case, there shall be deducted from the amount of Investments owned by the

Prospective Qualified Purchaser the amounts specified in paragraphs (d) and (e) of this paragraph 1, as applicable.

(d) Deductions. In determining whether any person is a Qualified Purchaser there shall be deducted

from the amount of such person’s Investments the amount of any outstanding indebtedness incurred to acquire or for the purpose of acquiring the Investments owned by such person.

(e) Deductions: Family Companies. In determining whether a Family Company (as defined below in

paragraph 1(i)(iii)) is a Qualified Purchaser, in addition to the amounts specified in paragraph (d) of this paragraph 1, there shall be deducted from the value of such Family Company’s Investments any outstanding indebtedness incurred by an owner of the Family Company to acquire such Investments.

(f) Joint Investments. In determining whether a natural person is a Qualified Purchaser, there may be

included in the amount of such person’s Investments any Investments held jointly with such person’s spouse, or Investments in which such person shares with such person’s spouse a community property or similar shared ownership interest. In determining whether spouses who are making a joint investment in a Section 3(c)(7) Company (as defined below in paragraph 1(i)(ix)) are Qualified Purchasers, there may be included in the amount of each spouse’s Investments any Investments owned by the other spouse (whether or not such Investments are held jointly). In each case, there shall be deducted from the amount of any such Investments the amounts specified in paragraph 1(d) above incurred by each spouse.

(g) Investments by Subsidiaries. For purposes of determining the amount of Investments owned by a

Company pursuant to this paragraph 1, there may be included Investments owned by majority- owned subsidiaries of the Company and Investments owned by a Company (“Parent Company”) of which the Company is a majority-owned subsidiary, or by a majority-owned subsidiary of the Company and other majority-owned subsidiaries of the Parent Company.

(h) Certain Retirement Plans and Trusts. In determining whether a natural person is a Qualified

Purchaser, there may be included in the amount of such person’s Investments any Investments held in an individual retirement account or similar account the Investments of which are directed by and held for the benefit of such person.

(i) Miscellaneous Definitions Relating to Investments.

(i) The term “Commodity Interests” means commodity futures contracts, options on

commodity futures contracts, and options on Physical Commodities traded on or subject to the rules of:

(1) Any contract market designated for trading such transactions under the Commodity Exchange Act and the rules thereunder; or

(2) Any board of trade or exchange outside the United States, as contemplated in

Part 30 of the rules under the Commodity Exchange Act.

(ii) The term “Company” means any corporation, partnership, limited liability company, trust or other organization.

(iii) The term “Family Company” means any Company owned directly or indirectly by or for

two or more natural persons who are related as siblings or spouse (including former spouses), or direct lineal

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(iv) descendants by birth or adoption, spouses of such persons, the estates of such persons, or foundations, charitable organizations, or trusts established by or for the benefit of such persons.

(v) The term “Investment Vehicle” means an investment company, a company that would be

an investment company but for the exceptions provided by Sections 3(c)(1) through 3(c)(9) of the Investment Company Act or the exemptions provided by Rules 3a-6 or 3a-7 promulgated pursuant to the Investment Company Act, or a commodity pool.

(vi) The term “Physical Commodity” means any physical commodity with respect to which a

Commodity Interest is traded on a market specified in the definition of Commodity Interests.

(vii) The term “Prospective Qualified Purchaser” means a person seeking to purchase a security of a Section 3(c)(7) Company.

(viii) The term “Public Company” means a Company that:

(1) Files reports pursuant to Section 13 or 15(d) of the Exchange Act; or

(2) Has a class of securities that are listed on a “designated offshore securities

market” as such term is defined by Regulation S under the 1933 Act.

(ix) The term “Related Person” means a person who is related to a Prospective Qualified Purchaser as a sibling, spouse or former spouse, or is a direct lineal descendant or ancestor by birth or adoption of the Prospective Qualified Purchaser, or is a spouse of such descendant or ancestor, provided that, in the case of a Family Company, a Related Person includes any owner of the Family Company and any person who is a Related Person of such owner.

(x) The term “Section 3(c)(7) Company” means a Company that would be an Investment

Company but for the exclusion provided by Section 3(c)(7) of the Investment Company Act.

2. Qualified Institutional Buyer. The term “Qualified Institutional Buyer” shall mean:

(a) Any of the following entities, acting for its own account or the account of another Qualified Institutional Buyer or the account of a Qualified Purchaser, that in the aggregate owns and invests on a discretionary basis at least $100 million in securities of issuers that are not affiliated with the entity:

(i) Any insurance company as defined in Section 2(13) of the 1933 Act;

Note: A purchase by an insurance company for one or more of its separate accounts, as defined by Section 2(a)(37) of the Investment Company Act which are neither registered under Section 8 of the Investment Company Act nor required to be so registered, shall be deemed to be a purchase for the account of such insurance company.

(ii) Any investment company registered under the Investment Company Act or any business

development company as defined in Section 2(a)(48) of that Act;

(iii) Any Small Business Investment Company licensed by the United States Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958;

(iv) Any plan established and maintained by a state, its political subdivisions, or any agency

or instrumentality of a state or its political subdivisions for the benefit of its employees; provided that such plan will not be deemed to be acting for its own account if investment decisions with respect to such plan are made by beneficiaries of such plan, except with respect to investment decisions made solely by the fiduciary, trustee or sponsor of such plan;

(v) Any employee benefit plan within the meaning of Title I of ERISA;

(vi) Any trust fund whose trustee is a bank or trust company and whose participants are

exclusively plans of the types identified in subparagraph (iv) or (v) of this definition of Qualified Institutional Buyer, except trust funds that include as participants individual retirement accounts or H.R. 10 plans; and except further that such a trust fund that holds the assets of such a plan will not be deemed to be acting for its own account if investment decisions with respect to such plan are made by the beneficiaries of such plan, except with respect to investment decisions made solely by the fiduciary, trustee or sponsor of such plan;

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(vii) Any business development company as defined in Section 202(a)(22) of the Investment Advisers Act;

(viii) Any organization described in Section 501(c)(3) of the Code, corporation (other than a

bank as defined in Section 3(a)(2) of the 1933 Act or a savings and loan association or other institution referenced in Section 3(a)(5)(A) of the 1933 Act or a foreign bank or savings and loan association or equivalent institution), partnership, or Massachusetts or similar business trust; and

(ix) Any investment adviser registered under the Investment Advisers Act;

(b) Any dealer registered pursuant to Section 15 of the Exchange Act, acting for its own account or the

accounts of other Qualified Institutional Buyers, that in the aggregate owns and invests on a discretionary basis at least $25 million of securities of issuers that are not affiliated with the dealer, provided, that securities constituting the whole or a part of an unsold allotment to or subscription by a dealer as a participant in a public offering shall not be deemed to be owned by such dealer;

(c) Any dealer registered pursuant to Section 15 of the Exchange Act acting in a riskless principal

transaction on behalf of a Qualified Institutional Buyer;

Note: A registered dealer may act as agent, on a non-discretionary basis, in a transaction with a Qualified Institutional Buyer without itself having to be a Qualified Institutional Buyer.

(d) Any investment company registered under the Investment Company Act, acting for its own account

or for the accounts of other Qualified Institutional Buyers, that is a part of a family of investment companies which own in the aggregate at least $100 million in securities of issuers, other than issuers that are affiliated with the investment company or are part of such family of investment companies. “Family of investment companies” means any two or more investment companies registered under the Investment Company Act, except for a unit investment trust whose assets consist solely of shares of one or more registered investment companies, that have the same investment adviser (or, in the case of unit investment trusts, the same depositor), provided, that, for purposes of this section:

(i) Each series of a series company (as defined in Rule 18f-2 under the Investment Company

Act) shall be deemed to be a separate investment company; and

(ii) Investment companies shall be deemed to have the same adviser (or depositor) if their advisers (or depositors) are majority-owned subsidiaries of the same parent, or if one investment company’s adviser (or depositor) is a majority-owned subsidiary of the other investment company’s adviser (or depositor);

(e) Any entity, all of the equity owners of which are Qualified Institutional Buyers, acting for its own

account or the accounts of other Qualified Institutional Buyers; and

(f) Any bank as defined in Section 3(a)(2) of the 1933 Act, any savings and loan association or other institution as referenced in Section 3(a)(5)(A) of the 1933 Act, or any foreign bank or savings and loan association or equivalent institution, acting for its own account or the accounts of other Qualified Institutional Buyers, that in the aggregate owns and invests on a discretionary basis at least $100 million in securities of issuers that are not affiliated with it and that has an audited net worth of at least $25 million as demonstrated in its latest annual financial statements, as of a date not more than 16 months preceding the date of purchase of the Shares in the case of a United States bank or savings and loan association, and not more than 18 months preceding such date of purchase of the Shares for a foreign bank or savings and loan association or equivalent institution.

(g) In determining the aggregate amount of securities owned and invested on a discretionary basis by

an entity, the following instruments and interests shall be excluded: bank deposit notes and certificates of deposit; loan participations; repurchase agreements; securities owned but subject to a repurchase agreement, and currency, interest rate and commodity swaps.

(h) The aggregate value of securities owned and invested on a discretionary basis by an entity shall be

the cost of such securities, except where the entity reports its securities holdings in its financial statements on the basis of their market value, and no current information with respect to the cost of those securities has been published. In the latter event, the securities may be valued at market price for purposes of this definition of “Qualified Institutional Buyer.”

(i) In determining the aggregate amount of securities owned by an entity and invested on a

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discretionary basis, securities owned by subsidiaries of the entity that are consolidated with the entity in its financial statements prepared in accordance with generally accepted accounting principles may be included if the investments of such subsidiaries are managed under the direction of the entity, except that, unless the entity is a reporting company under Section 13 or 15(d) of the Exchange Act, securities owned by such subsidiaries may not be included if the entity itself is a majority-owned subsidiary that would be included in the consolidated financial statements of another enterprise.

(j) For purposes of this definition of Qualified Institutional Buyer, “riskless principal transaction” means a transaction in which a dealer buys a security from any person and makes a simultaneous offsetting sale of such security to a Qualified Institutional Buyer, including another dealer acting as riskless principal for a Qualified Institutional Buyer.

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ATTACHMENT D QUALIFIED CLIENT STATUS

The Applicant understands that in light of Rule 205-3 under the Investment Advisers Act, the Fund may only be open to investors who are “qualified clients” as defined in Rule 205-3. The Applicant certifies that the Applicant is a “qualified client” and has checked each of the box or boxes below which are next to the categories under which the Applicant qualifies as a “qualified client”. ☐ (A) Check this box if the Applicant believes it is not a “qualified client” within the meaning of Rule

205-3(d)(1) of the Investment Advisers Act.

☐ (B) Check this box if the Applicant believes that it or each of its equity owners12 qualifies as a “qualified client” within the meaning of Rule 205-3(d)(1) of the Investment Advisers Act and check the applicable box below for each category under which the Applicant believes it so qualifies:

☐ A natural person who or a company (as defined in Section 202(a)(5) of the Investment Advisers Act, but not including a company that is required to be but is not yet registered under the Investment Advisers Act) that, immediately after purchasing his, her or its Interests, would have at least $1,000,000 under management with the Adviser;

☐ A natural person who or a company (as defined in Section 202(a)(5) of the Investment Advisers Act, but not including a company that is required to be but is not yet registered under the Investment Advisers Act) that, immediately prior to purchasing his, her or its Interests, has a net worth (together, in the case of a natural person, with assets held jointly with a spouse) of more than $2,100,000; or

☐ A natural person who or a company (as defined in Section 202(a)(5) of the Investment Advisers Act, but not including a company that is required to be but is not yet registered under the Investment Advisers Act) that, at the time the Shares are purchased, is a “qualified purchaser” as defined in the Investment Advisers Act.

12 SEC interpretations require that each registered investment company, private investment company, business

development company and foreign investment company can conclude that it is a qualified client only if each of its equity holders (excluding, in the case of a foreign private investment company, equity holders who are not U.S. persons as defined in Regulation S under the Securities Act) is a qualified client.

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ATTACHMENT E QUALIFIED INSTITUTIONAL BUYER STATUS

Each Applicant must indicate whether it is a “qualified institutional buyer” as such term is defined in Rule 144A promulgated under the 1933 Act. (Please check all that apply.) The Applicant agrees to provide such further information and execute and deliver such documents as the Sub-Fund or the Fund may reasonably request to verify the Applicant’s representations below. Applicants that are not “qualified institutional buyers” should be aware that their subscription may not be accepted or may be accepted at a later date.

☐ 1. The Applicant is any of the following entities, acting for its own account or the accounts of other

qualified institutional buyers, that in the aggregate owns and invests on a discretionary basis at least $100 million in securities of issuers that are not affiliated with the Applicant:

☐ (a) Any insurance company as defined in Section 2(a)(13) of the 1933 Act.13

☐ (b) Any investment company registered under the Investment Company Act or any business development company as defined in Section 2(a)(48) of the Investment Company Act.

☐ (c) Any Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958.

☐ (d) Any plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees.

☐ (e) Any employee benefit plan within the meaning of title I of ERISA.

☐ (f) Any trust fund whose trustee is a bank or trust company and whose participants are exclusively plans of the types identified in any of the two immediately preceding paragraphs, except trust funds that include as participants individual retirement accounts or H.R. 10 plans.

☐ (g) Any business development company as defined in Section 202(a)(22) of the Investment Advisers Act.

☐ (h) Any organization described in Section 501(c)(3) of the Code, corporation (other than a bank as defined in Section 3(a)(2) of the 1933 Act or a savings and loan association or other institution referenced in Section 3(a)(5)(A) of the 1933 Act or a foreign bank or savings and loan association or equivalent institution), partnership, or Massachusetts or similar business trust.

☐ (i) Any investment adviser registered under the Investment Advisers Act.

☐ 2. The Applicant is a dealer registered pursuant to Section 15 of the Exchange Act, acting for its own account or the accounts of other qualified institutional buyers, that in the aggregate owns and invests on a discretionary basis at least $10 million of securities of issuers that are not affiliated with the dealer.14

☐ 3. Any dealer registered pursuant to Section 15 of the Exchange Act acting in a riskless principal transaction on behalf of a qualified institutional buyer.15

13 A purchase by an insurance company for one or more of its separate accounts, as defined by Section 2(a)(37) of the Investment Company Act, which are neither registered under Section 8 of the Investment Company Act nor required to be so registered, shall be deemed to be a purchase for the account of such insurance company. 14 For purposes of this representation, securities constituting the whole or a part of an unsold allotment to or subscription by a dealer as a participant in a public offering shall not be deemed to be owned by such dealer. 15 For purposes of this representation, a registered dealer may act as agent, on a non-discretionary basis, in a transaction with a qualified institutional buyer without itself having to be a qualified institutional buyer.

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☐

4. Any investment company registered under the Investment Company Act, acting for its own account or for the accounts of other qualified institutional buyers, that is part of a family of investment companies which own in the aggregate at least $100 million in securities of issuers, other than issuers that are affiliated with the investment company or are part of such family of investment companies. Family of investment companies means any two or more investment companies registered under the Investment Company Act, except for a unit investment trust whose assets consist solely of shares of one or more registered investment companies, that have the same investment adviser (or, in the case of unit investment trusts, the same depositor).16

☐ 5. Any entity, all of the equity owners of which are qualified institutional buyers, acting for its own account or the accounts of other qualified institutional buyers. If the Applicant is a qualified institutional buyer solely for the reason described in this paragraph 5, please complete Attachment H.

☐ 6. Any bank as defined in Section 3(a)(2) of the 1933 Act, any savings and loan association or other institution as referenced in Section 3(a)(5)(A) of the 1933 Act, or any foreign bank or savings and loan association or equivalent institution, acting for its own account or the accounts of other qualified institutional buyers, that in the aggregate owns and invests on a discretionary basis at least $100 million in securities of issuers that are not affiliated with it and that has an audited net worth of at least $25 million as demonstrated in its latest annual financial statements, as of a date not more than 16 months preceding the effective date of Applicant’s subscription for the Shares in the case of a U.S. bank or savings and loan association, and not more than 18 months preceding such effective date of the Applicant’s subscription for the Shares for a foreign bank or savings and loan association or equivalent institution.

☐ 7. The Applicant is not a qualified institutional buyer.

16 For purposes of this representation, (a) each series of a series company (as defined in Rule 18f-2 under the Investment Company Act) shall be deemed to be a separate investment company; and (b) investment companies shall be deemed to have the same adviser (or depositor) if their advisers (or depositors) are majority-owned subsidiaries of the same parent, or if one investment company’s adviser (or depositor) is a majority-owned subsidiary of the other investment company’s adviser (or depositor).

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ATTACHMENT F INFORMATION REGARDING DISQUALIFYING EVENT UNDER THE BAD ACTOR RULE

The Applicant17 has not been subject to any Bad Actor Rule disqualifying event as defined below and is not subject to any proceeding or event that could result in any such disqualifying event (“Disqualifying Event”).

True False

Definition of “Disqualifying Event”

Each of the enumerated instances below is a “Disqualifying Event” for the purposes of the Applicant’s response to this Attachment F. The Applicant has been subject to a Disqualifying Event if the Applicant:

(1) Has been convicted, within the last ten (10) years, of any felony or misdemeanor:

(i) In connection with the purchase or sale of any security;

(ii) Involving the making of any false filing with the United States Securities and Exchange Commission (the “SEC”); or

(iii) Arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities;

(2) Is subject to any order, judgment or decree of any court of competent jurisdiction, entered within

the last five (5) years, that restrains or enjoins the Applicant from engaging or continuing to engage in any conduct or practice:

(i) In connection with the purchase or sale of any security;

(ii) Involving the making of any false filing with the SEC; or

(iii) Arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities;

(3) Is subject to a final order of a U.S. state securities commission (or an agency or officer of a U.S.

state performing like functions); a U.S. state authority that supervises or examines banks, savings associations, or credit unions; a U.S. state insurance commission (or an agency or officer of a U.S. state performing like functions); an appropriate U.S. federal banking agency; the U.S. Commodity Futures Trading Commission; or the U.S. National Credit Union Administration that:

(i) Bars the Applicant from: (A) association with an entity regulated by such commission, authority, agency, or officer; (B) engaging in the business of securities, insurance or banking; or (C) engaging in savings association or credit union activities; or

(ii) Constitutes a final order based on a violation of any law or regulation that prohibits fraudulent, manipulative or deceptive conduct entered within the last ten (10) years;18

(4) Is subject to an order of the SEC entered pursuant to Section 15(b) or 15B(c) of the Exchange Act

or Section 203(e) or (f) of the Investment Advisers Act that:

(i) Suspends or revokes the Applicant’s registration as a broker, dealer, municipal securities dealer or investment adviser;

(ii) Places limitations on the activities, functions or operations of the Applicant; or

17 For the purposes of this Attachment F, references to the “Applicant” shall include any Person whose interest in, or relationship to, the Applicant is deemed to make such Person a beneficial owner of the Sub-Fund’s voting securities under Rule 13d-3 of the Exchange Act and within the meaning of Rule 506(d) of the 1933 Act. Under Rule 13d-3 of the Exchange Act, a Person is a beneficial owner of a security if, for among other reasons, such Person directly or indirectly has or shares (a) the power to vote or to direct the voting of such security and/or (b) the power to dispose of or direct the disposition of such security. 18 For the purposes of this Attachment F, the term “final order” means a written directive or declaratory statement issued by a federal or state agency described in this item (3) of this Attachment F under applicable statutory authority that provides for notice and an opportunity for hearing, which constitutes a final disposition or action by that federal or state agency.

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(iii) Bars the Applicant from being associated with any entity or from participating in the offering of any penny stock;

(5) Is subject to any order of the SEC entered within the last five (5) years that orders the Applicant to

cease and desist from committing or causing a violation or future violation of:

(i) Any scienter-based anti-fraud provision of the federal securities laws, including without limitation Section 17(a)(1) of the 1933 Act, Section 10(b) of the Exchange Act and 17 CFR 240.10b-5, Section 15(c)(1) of the Exchange Act and Section 206(1) of the Investment Advisers Act, or any other rule or regulation thereunder; or

(ii) Section 5 of the 1933 Act;

(6) Is suspended or expelled from membership in, or suspended or barred from association with a

member of, a registered national securities exchange or a registered national or affiliated securities association for any act or omission to act constituting conduct inconsistent with just and equitable principles of trade;

(7) Has filed (as a registrant or issuer), or was or was named as an underwriter in, any registration

statement or Regulation A offering statement filed with the SEC that, within the last five (5) years, was the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is presently the subject of an investigation or proceeding to determine whether a stop order or suspension order should be issued; or

(8) Is subject to a United States Postal Service false representation order entered within the last five (5)

years or is presently subject to a temporary restraining order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device for obtaining money or property through the mail by means of false representations.

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ATTACHMENT G

ADDITIONAL QUALIFICATION INFORMATION

1. Related Parties (Please indicate either “yes” or “no” in response to each of the following questions)

(a) To the best of the Applicant’s knowledge, does the Applicant control, or is the Applicant controlled

by or under common control with, any other investor, in the Sub-Fund?

Yes No

(b) Will any other person or persons have a beneficial interest in the Shares to be acquired hereunder (other than as a shareholder, partner or other beneficial owner of equity interests in the Applicant)?

Yes No

2. Pay to Play Questions (Please indicate either “yes” or “no” in response to each of the following questions)

(a) Is the Applicant a “government entity”19 within the meaning of Rule 206(4)-5 under the Investment

Advisers Act?

Yes No

(b) If the Applicant is acting as agent, representative or nominee for one or more investors, are any such investors a “government entity” within the meaning of Rule 206(4)-5 under the Investment Advisers Act?

Yes No

If the answer to question 2(b) is “Yes,” please indicate the names of any such investors:

(c) Does any similar anti-corruption or other law or rule (including federal, state, provincial, or local

laws and rules) apply to Applicant’s receipt of gifts or other items of value from a third-party?

Yes No

If the answer to question 2(c) is “Yes,” please indicate the names of such anti-corruption laws or rules:

3. Bank Holding Company (Please indicate either “yes” or “no” in response to the following question)

Is the Applicant a bank holding company (as defined in Section 2(a) of the Bank Holding Company Act of 1956,

as amended) or an affiliate of a bank holding company?

Yes No

19 A “government entity” is defined in Rule 206(4)-5 as any state or political subdivision of a state, including: (i) any agency, authority, or instrumentality of the state or political subdivision; (ii) a pool of assets sponsored or established by the state or political subdivision or any agency, authority or instrumentality thereof, including, but not limited to a “defined benefit plan” as defined in section 414(j) of the Code (26 U.S.C. § 414(j)), or a state general fund; (iii) a plan or program of a government entity; and (iv) officers, agents, or employees of the state or political subdivision or any agency, authority or instrumentality thereof, acting in their official capacity.

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ATTACHMENT H

SUPPLEMENTAL INFORMATION REGARDING QUALIFIED PURCHASER AND QUALIFIED INSTITUTIONAL BUYER STATUS

If the Applicant is a qualified purchaser solely for the reason described in paragraph 1(g) of Attachment C or a qualified institutional buyer solely for the reason described in paragraph 5 of Attachment E, please execute this Attachment H.

In connection with its subscription for the Shares, the Applicant hereby represents, warrants and covenants as follows:

1. Purchase of Shares. The Applicant represents, warrants, covenants and agrees that (a) the Applicant will not permit the issuance of additional equity interests in the Applicant to the extent such issuance would cause any representation in the Application Form or this Attachment H to become untrue and (b) that the transfer of interests in the Applicant requires the consent of the Adviser, which may be granted or withheld in its sole and absolute discretion and such consent shall not be granted if any transfer would cause any representation in the Application Form or this Attachment H to become untrue, and (c) the Applicant shall require any purchaser of equity interests in the Applicant (including in the event an existing equity owner purchases additional equity interests) to make all of the same representations, warranties and covenants that are required herein in connection with such offer and sale of interests.

2. Diligence. The limited partners, members, or stockholders of the Applicant, as applicable (the “Parents” and each individually, a “Parent”), are indirectly purchasing from the Sub-Fund the Shares. The Applicant has been furnished with, has furnished to the Parents, and each of the Applicant and the Parents has carefully read, the Prospectus and incorporation documents of the Fund and Sub-Fund (collectively, the “Governing Documents”), and the Applicant acknowledges and agrees that the Governing Documents supersede any other offering materials previously made available to the Applicant and/or the Parents. In considering its subscription, the Applicant acknowledges that it, and each Parent has acknowledged to the Applicant that it, (a) has been given the opportunity to make a thorough investigation of the current and proposed activities of the Sub-Fund, (b) has been furnished with all materials relating to the Sub-Fund and its proposed activities that it has requested, (c) has been afforded the opportunity to obtain any additional information necessary to verify the accuracy of any representations made or information conveyed to it, and (d) has been given the opportunity to ask questions, and receive answers concerning the terms and conditions and other matters pertaining to an investment in the Sub-Fund. In considering its subscription, the Applicant acknowledges that it, and each Parent has acknowledged to the Applicant that it, has not relied upon any representations made by, or other information (whether oral or written) furnished by or on behalf of, the Sub-Fund, any placement agent (if applicable), or any partner, member, manager, director, officer, employee or agent of the Sub-Fund or any Affiliate of such persons, other than as set forth in the Application Form and the Governing Documents. “Affiliate” means, with respect to any individual or entity, any person, directly or indirectly, through one or more intermediaries, controlling, controlled by, or under common control with the individual or entity and “control” with respect to an entity means the power to exercise a controlling influence over the management or policies of such entity. The Applicant recognizes, and each Parent has acknowledged to the Applicant that it recognizes, that an investment in the Sub-Fund involves certain risks and that it understands and accepts such risks. The Applicant has (and each Parent has acknowledged to Applicant that it has) carefully considered and has, to the extent it believes such discussion necessary, discussed with legal, tax, accounting, regulatory and financial advisers the suitability and potential risks of the subscription in light of its particular tax and financial situation, and has determined that with respect to the Applicant, the Shares, and with respect to the Parents, the equity interest in Applicant, is a suitable investment for it.

3. Full Subscription. The Applicant understands that, and each Parent has acknowledged to the Applicant that it understands that, except as otherwise provided in the Governing Documents, the Applicant may not make less than the full amount of any required subscription in respect of the Applicant’s interest in the Sub-Fund, and that default provisions with respect thereto, pursuant to which the Applicant may suffer substantial adverse consequences (including, but not limited to, the loss of all or a material portion of its investment in the Sub-Fund), are contained in the Governing Documents. EACH PARENT understands that it may lose all or a material portion of its investment on account OF ITS FAILURE to make any required subscription to THE APPLICANT if such failure causes THE APPLICANT to fail to make any required subscription to the Sub-Fund.

4. Investment Company Act Representations.

Each Parent that is a corporation, trust, partnership, limited liability company or other entity, organization or association, has represented and warranted to the Applicant the following:

(a) Such Parent was not, or will not be, formed for the specific purpose of acquiring the Shares;

(b) Ownership of securities in the Applicant will be solely for the Parent’s own account and not for the account

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of any other person, for investment only and not with a view to, or with any intention of, a distribution or resale thereof, in whole or in part, or the grant of any participation therein; and

(c) Such Parent’s stockholders, partners, members or beneficiaries, if any, have no individual discretion as to

their participation or non-participation in the purchase of the Shares and will have no individual discretion as to their participation or non-participation in particular investments made by the Sub-Fund.

Each Parent has represented and warranted to the Applicant the following:

(d) Such Parent is an “accredited investor” as such term is defined in Rule 501(a) of Regulation D under the

1933 Act;

(e) Such Parent is either (i) a “qualified purchaser” as such term is defined in Section 2(a)(51)(A) of the Investment Company Act and/or (ii) a “knowledgeable employee” of the Applicant as such term is defined in Rule 3c-5(a)(4) of the rules and regulations promulgated under the Investment Company Act; and

(f) Such Parent is a “qualified institutional buyer” as such term is defined in Rule 144A promulgated under the

1933 Act.

The Applicant represents to the Adviser that the Applicant relies on the exemption provided in Section 3(c)(7) of the Investment Company Act to avoid registration as an “investment company” pursuant to the Investment Company Act.

5. No General Solicitation or General Advertisement. Each Parent has acknowledged to the Applicant that it is not purchasing an interest in the Applicant, as a result of or subsequent to (a) any advertisement, article, notice or other communications published in any newspaper, magazine or similar media or broadcast over television or radio, or (b) any seminar or meeting whose attendees, including the Parent, had been invited as a result of, subsequent to or pursuant to the foregoing.

6. Reliance on Applicant’s Representations. The Applicant acknowledges and agrees that the representations made by the Applicant with respect to the Applicant and each Parent in this Attachment H may be relied upon by the Sub-Fund and the Adviser, in connection with the Applicant’s investment in the Sub-Fund.

7. Duty to Update. The representations and warranties of the Applicant set forth herein and any other information provided by the Applicant in this Attachment H are true and correct as of the date hereof, were true and correct as of each Parent’s admission to the Applicant, were true and correct as of the date of the Applicant’s admission to the Sub-Fund and were and will be true and correct as of the date of each capital contribution by a Parent to the Applicant. If, at any time prior to or during the term of the Sub-Fund, the Applicant becomes aware that any of the representations or warranties contained herein have become untrue or incorrect in any respect, the Applicant shall promptly notify the Adviser. The covenants of the Applicant set forth herein shall survive for so long as the Applicant is a shareholder of the Sub-Fund.

8. Offering of Interest of Applicant. The Applicant represents and warrants that the offering and sale of interests in the Applicant has complied with Regulation D or Regulation S of the 1933 Act, the Investment Company Act and all other applicable laws. The Applicant covenants and agrees that any future offer or sale of interests in the Applicant shall comply with Regulation D or Regulation S of the 1933 Act, the Investment Company Act and all other applicable laws.

The Adviser, the Sub-Fund and their counsel may rely on this Attachment H in connection with the sale of the Shares in the Sub-Fund. The representations, warranties, and agreements herein shall survive the execution and delivery of this instrument.

Agreed to and approved this , 2020.

(Print Name of Applicant)

By:

Name:

Title:

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APPENDIX 5: DECLARATION OF BENEFICIAL OWNERSHIP

(Please refer to Schedule 1 for definition of a beneficial owner)

Please tick one of the below boxes and complete the relevant section: We confirm there is a natural person(s) who is a beneficial owner of the purchaser. (Please complete

section 1 below of this declaration). We confirm there is no natural person(s) who is a beneficial owner of the purchaser. (Please

complete section 2 of this declaration).

Section 1: Natural person(s) who is a beneficial owner of the Purchaser Beneficial Owner one (please complete in block capitals) Full Name Identification Number Occupation Date of Birth (DD-MM-YYYY) Place of Birth Nationality Percentage % Registered Address (PO or C/O will not be accepted) City, Town, State, Province or County Postal/ZIP Code Country

Beneficial Owner 2 (please complete in block capitals) Full Name Identification Number Occupation Date of Birth (DD-MM-YYYY) Place of Birth Nationality Percentage % Registered Address (PO or C/O will not be accepted) City, Town, State, Province or County Postal/ZIP Code Country Beneficial Owner three (please complete in block capitals) Full Name Identification Number Occupation Date of Birth (DD-MM-YYYY) Place of Birth Nationality Percentage % Registered Address (PO or C/O will not be accepted) City, Town, State, Province or County Postal/ZIP Code Country If needed, please add additional natural person(s) who are beneficial owners on a separate sheet

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Section 2: No natural person(s) who is a beneficial owner of the Purchaser In the event where no natural person falls under the above scenario, the senior managing official(s) of the subscribing entity will be recorded as the Beneficial Owner. In completing the below, we confirm we have read and understood the above definition and we have provided below details of a senior managing officials who should be recorded as the Beneficial Owner(s). Senior managing official details (please complete in block capitals) Full Name Date of Birth (DD-MM-YYYY) Place of Birth Nationality Registered Address (PO or C/O will not be accepted) Title City, Town, State, Province or County Postal/ZIP Code Country If needed, please add additional senior managing official(s) on a separate sheet

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If you want to redeem Shares of the Fund, please detach and complete this Redemption Form and send it to the Administrator at the following email address prior to the Trade Cut-Off Time for any Dealing Day as set out in the Prospectus and/or relevant Supplement.

J.P. Morgan Hedge Fund Services (Ireland) Limited

E-mail: [email protected]

No redemption payment will be made from an investor holding until cleared funds have been received in respect of the original subscription for Shares by the Administrator on behalf of the ICAV together with the subscription application form and all documentation required by or on behalf of the ICAV (including any documents in connection with anti-money laundering procedures and, where requested by the Administrator, the original subscription application form) and the anti-money laundering procedures have been completed. Failure to comply with the above will result in redemption proceeds not being paid.

INVESTOR DETAILS Please use BLOCK CAPITALS.

Registered Name

Account Number

DEAL INSTRUCTIONS

Please complete the table as indicated below by specifying the redemption value amount or number of shares of the Fund and relevant Share Class in which you want to redeem.

Name of Fund: CIFC Long/Short Credit Fund

Share Class Redemption Amount / Number of Shares

USD Class A-1

USD Class A-2

USD Class B-1

USD Class B-2

GBP Class A-1

GBP Class A-2

GBP Class B-1

GBP Class B-2

Euro Class A-1

Euro Class A-2

APPENDIX 6: FORM OF REQUEST FOR REDEMPTION OF SHARES

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Euro Class B-1

Euro Class B-2

CHF Class A-1

CHF Class A-2

CHF Class B-1

CHF Class B-2

BANK DETAILS

Where the below bank account instructions differ from those held on file by the Administrator, an original, signed copy of the new instructions must be received by the Administrator in advance of the remittance of redemption proceeds accompanied by a bank statement or banker’s reference.

Bank Name:

Bank Address:

BIC/SWIFT:

Sort Code:

IBAN:

Account Number:

Account Name:

Intermediary/Correspondent Bank:

BIC/SWIFT:

Note: Redemption Monies Redemption monies will be made by electronic transfer to the account in which the monies originated. Payment of redemption monies will not be made unless completed documents (including the original Subscription Documents and documentation relating to anti-money laundering prevention checks) are in place in relation to the initial and any subsequent subscriptions and the anti-money laundering procedures have been completed.

Any income distribution payable in respect of any Shares issued will be paid in the currency of investment, unless otherwise requested. REDEMPTIONS WILL NOT BE PROCESSED ON NON-CLEARED/VERIFIED ACCOUNTS.

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For Individuals:

Name of Investor (print or type)

(Signature)

(Date)

Name of Joint Investor (print or type) (if applicable) (Joint Signature, if applicable) (Date)

Postal Address of Investor:

For Entities:

Name of Investor (print or type)

By: (Signature)

Name:

Title: (Date)

Postal Address of Investor:

NOTES (1) A corporation should affix its common seal or execute under the hand of a duly authorised official who should

state his representative capacity.

(2) The application may be completed by a duly authorised agent on behalf of the applicant(s). Such person represents and warrants that he is duly authorised to sign this form and thereafter to redeem Shares on behalf of the applicant(s).