If Yes (c) Does the counterparty have a defined investment policy? If No Please review whether the counterparty has a defined investment policy (it so, please do mark question (c) above with "yes"): If Yes If No (d) Do express exemptions apply so that the counterparty is not an AIF? Please review whether one of the exemptions in the column on the right applies in your case lif so. please do mark question (it) above with "yes"): A "defined investment policy- females a set of non-discretionary criteria for the investment of the raised capital as opposed to a more general business strategy or the financing of general business ectraties which allow for greater flexibility and discretion. Sources: Prospectus. General and Special !Fund) Rules, Of tering Memorandum—if they contain investment rules that cannot be deviated from, see factors listed below: — Factors that would, alone or cumulatively. indicate the existence of a "defined investment policy are the tollowino: — the defined investment policy is determined and hxisi at the latest by the time that investors' commitments to the undertaking become binding on them; -- the investment policy is set out in a document which becomes part of or is referenced in the rules or instruments el incorporation of the undertaking; -- the undertaking or the portfolio manager has an obligation to follow the investment policy; — the investment policy specifies imestment guidelines, with reference to criteria inchxling any or alt of the following: — to invest in certain categories of assets. or conform to restrictions on asset allocation: — to pursue certain strategies: — to invest in particular geographical regions: — to conform to restrictions on leverage; — to conform to minimum holding periods: or — to conform to other restrictions designed to provide risk diversification. If Yes II Yes Is the counterparty a UCITS fund? (see prospectus or fund registration) Is the counterparty a German