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12.7. Application Procedure 

Completed Subscription Application shall be provided to the Investment Compartment as specified in the Subscription Application in writing by electronic mail or facsimile or by such other means as may be prescribed by the Manager. Original Completed Subscription Application must follow promptly by post along with any supporting documentation. 

Any application for subscription following the Initial Offering Period shall be irrevocable. Subscription requests received prior to the Cut-Off Date shall be effected on the basis of the Net Asset Value per Unit determined on the applicable Valuation Day. Any subscription request received after the Cut-Off Date will be processed on the next Valuation Day on the basis of the Net Asset Value per Unit determined on that Valuation Day. Units will be issued within three (3) Business Day after the Valuation Day, being the Dealing Day.