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16.11. Compulsory Redemptions

The Manager in their sole and absolute discretion may, after giving notice of at least ten (10) days, compulsorily redeem, including but not limited to the following circumstances: 

1.  the Investor Units are held by or for the benefit (directly or indirectly) of any Ineligible Person; 

2.  a holder of Investor Units has become an Ineligible Person; 

3.  such Investor Units have been acquired in breach of any laws of any country or the decision, order or determination of any governmental agency;

4.  such redemption would eliminate or reduce the exposure of the Investment Compartment or the Fund or any of its holders of Investor Units to adverse tax or regulatory consequences;

5.  any of the representations given by the holder of Investor Units in its subscription agreement were not true or have ceased to be true;

6.  if the holder of Investor Units has failed to provide any information or declaration required by the Manager within ten days of being requested to do so; 

7.  when the Company is being liquidated;

8.  Any other reason at the sole and absolute discretion of the Manager.

The Manager is not obliged to specify the reason for a compulsory redemption;

The Manager may charge any legal, accounting or administrative costs associated with such compulsory redemption.

Distributions in respect of a compulsory redemption shall be made in the same manner and under the same terms as a regular redemption.