the Securities and Exchange Commission
ORGANIZATIONAustralian Securities and Investments Commission
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The Manager expects that the U.S. Adviser will be a registered investment adviser under the Advisers Act; however, under applicable guidance from the Securities and Exchange Commission (the "SEC"), only certain provisions of the Advisers Act will apply to the Manager's and the U.S. Adviser's relationship with the Fund since the F
not required to be registered in Australia as a managed investment scheme. This Memorandum will not be, and is not required to be, lodged with the Australian Securities and Investments Commission. Any offer will be made, and any financial services in connection with the interests will be provided, in Australia by THE Manager or its represen
The Manager expects that the U.S. Adviser will be a registered investment adviser under the Advisers Act; however, under applicable guidance from the Securities and Exchange Commission (the "SEC"), only certain provisions of the Advisers Act will apply to the Manager's and the U.S. Adviser's relationship with the Fund since the F
not required to be registered in Australia as a managed investment scheme. This Memorandum will not be, and is not required to be, lodged with the Australian Securities and Investments Commission. Any offer will be made, and any financial services in connection with the interests will be provided, in Australia by THE Manager or its represen
The Manager expects that the U.S. Adviser will be a registered investment adviser under the Advisers Act; however, under applicable guidance from the Securities and Exchange Commission (the "SEC"), only certain provisions of the Advisers Act will apply to the Manager's and the U.S. Adviser's relationship with the Fund since the F
not required to be registered in Australia as a managed investment scheme. This Memorandum will not be, and is not required to be, lodged with the Australian Securities and Investments Commission. Any offer will be made, and any financial services in connection with the interests will be provided, in Australia by THE Manager or its represen
The Manager expects that the U.S. Adviser will be a registered investment adviser under the Advisers Act; however, under applicable guidance from the Securities and Exchange Commission (the "SEC"), only certain provisions of the Advisers Act will apply to the Manager's and the U.S. Adviser's relationship with the Fund since the F
not required to be registered in Australia as a managed investment scheme. This Memorandum will not be, and is not required to be, lodged with the Australian Securities and Investments Commission. Any offer will be made, and any financial services in connection with the interests will be provided, in Australia by THE Manager or its represen
The Manager expects that the U.S. Adviser will be a registered investment adviser under the Advisers Act; however, under applicable guidance from the Securities and Exchange Commission (the "SEC"), only certain provisions of the Advisers Act will apply to the Manager's and the U.S. Adviser's relationship with the Fund since the F
not required to be registered in Australia as a managed investment scheme. This Memorandum will not be, and is not required to be, lodged with the Australian Securities and Investments Commission. Any offer will be made, and any financial services in connection with the interests will be provided, in Australia by THE Manager or its represen
Entities connected to both the Securities and Exchange Commission and Australian Securities and Investments Commission

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