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4.8. Change of the Investment Policy

The Manager may change the Investment Policy of any Investment Compartment subject to a decision by the Board of Directors. The relevant change shall also be depicted in the Memorandum and Articles of Association of the Company. Any change in the Investment Policy of any Investment Compartment requires the prior approval of CySEC.

In the case of such an event, the Investors will be notified once the change in the Investment Policy becomes effective. In the event the Investors object to the change of the Investment Compartment Policy, they are entitled to redeem their Units currently held in the Investment Compartment with the terms that existed prior to the relevant change. In this case, the Investors will be allowed to redeem their Shares as follows:

1.  within ten (10) calendar days from the notification of the amendment to them, where the redemption or repurchase of units takes place on a daily basis; 

2.  within one (1) month from the notification of the amendment to them, where the redemption or repurchase of units takes place, at least, weekly; 

3.  by the date at which the one after the next scheduled date of redemption or repurchase of units shall take place, where the redemption or repurchase takes place on a monthly basis; and 

4.  by the next scheduled redemption or repurchase date, in every other case, on the condition that between the notification of the amendment to the unitholders and the expiry of the right of redemption or repurchase of their units according to the provisions of the rules prior the amendment, there is a time period of, at least, thirty (30) days.