CARAVEL CAD FUND LTD.

Transcription

1 Please this form to: Caravel Capital Investment Inc. Unit 6, Lyford Cay Shopping Centre P.O. Box N-776 Lyford Cay New Providence, Bahamas Tel/Fax: Please fax or this form and mail the original to: CARAVEL CAD FUND LTD. SUBSCRIPTION AGREEMENT The Administrator Caravel CAD Fund Ltd. c/o Sterling (Bahamas) Limited Suite 205A, Saffrey Square Bay Street PO Box N-9934 Nassau, Bahamas Tel: Fax: Subscription Details I/We wish to subscribe for (number of shares or CAD amount) Class C Investor Shares. I/We wish to subscribe for (number of shares or USD amount) Class U Investor Shares. INDIVIDUALS CORPORATES, PARTNERSHIPS OR TRUSTS (OR JOINT INDIVIDUALS)

2 CORRESPONDENCE ADDRESS (if different from above) Subscriber Declaration I/We have read and understand the Private Offering Memorandum and this Subscription Agreement and have read, understand and agree to abide by the Subscribers Undertakings and Warranties specified in the said Subscription Agreement. I/We hereby apply to purchase Investor Shares in registered form. I/We acknowledge and understand that this subscription may be accepted or rejected in whole or in part in the sole and absolute discretion of the Fund. I/We will pay the full subscription price for the Investor Shares in cleared funds by 4pm EST on the last day of the relevant month. I/We will deliver this Agreement to the Investment Manager by 4pm EST on the last day of the relevant month. I/We irrevocably subscribe for Investor Shares in the Fund in accordance with the terms and conditions of the Private Offering Memorandum as the same may be updated and modified from time to time and this Subscription Agreement. The Undersigned has executed this Subscription Agreement as of the date set forth below. Signature : Name (Print) : Date : Position/Title : Company Seal (if required)

3 CARAVEL CAD FUND LTD. BANK TRANSFER INSTRUCTION LETTER REFERENCE: ACCOUNT NUMBER (Investor s Bank Account) (If the Investor s funds are coming from The Bank of Montreal please Note: Request an Account Transfer and do not wire the funds.) Please accept this letter as my/our instruction that you should pay, by wire transfer, the amount of: $ For subscriptions in Canadian Dollars Currency: CAD Beneficiary Bank: Bank of Montreal, 100 King Street West Toronto, Ontario M5X 1A3 BOFMCAM2 Transit Beneficiary: Caravel CAD Fund Ltd., Unit 6 Lyford Cay Shopping Centre, New Providence, Bahamas Account Number: Reference: (name subscriber/shareholder) For subscriptions in United States Dollars Currency: USD Correspondent Bank: Wells Fargo Bank (FKA Wachovia Bank) PNBPUS3NNYC ABA: For Further Credit to (Beneficiary Bank): Bank of Montreal, 100 King Street West Toronto, Ontario M5X 1A3 BOFMCAM2 For further credit to: Caravel CAD Fund Ltd., Unit 6 Lyford Cay Shopping Centre, New Providence, Bahamas Account Number: Reference: (name subscriber/shareholder) Please debit my/our above mentioned account and acknowledge. Yours sincerely, Signature : Name (Print) : Date : If additional banking information needed: Beneficiary Bank Institution Number (001) Beneficiary Bank Transit Number (00022)

4 CARAVEL CAD FUND LTD. REDEMPTION FORM Please this form to: Caravel Capital Investment Inc. Unit 6, Lyford Cay Shopping Centre P.O. Box N-776 Lyford Cay New Providence, Bahamas Tel/Fax: Please fax or this form and mail the original to: The Administrator Caravel CAD Fund Ltd. c/o Sterling (Bahamas) Limited Suite 205A, Saffrey Square Bay Street PO Box N-9934 Nassau, Bahamas Tel: Fax: Dear Sirs, I/We hereby give notice that I/we wish to redeem:: I/We wish to redeem (number of shares or CAD amount) of our holdings of Class C Investor Shares in Caravel CAD Fund Ltd. I/We wish to redeem (number of shares or USD amount) of our holdings of Class U Investor Shares in Caravel CAD Fund Ltd. I/We understand that subject to the provisions of the Private Offering Memorandum and the Memorandum and Articles of Association of the Fund, a shareholder of the Fund may redeem its Investor Shares at the close of business on the last day of each month, after giving not less than three (3) Business Days written notice of redemption to the Investment Manager subject to a minimum redemption amount of CAD25, See the redemption terms set out in the Private Offering Memorandum. Please therefore accept this letter as written notice of my/our intention to redeem the Investor Shares on: I/We understand that the payment for Class C Investor Shares will be made in Canadian Dollars and the payment for Class U Investor Shares will be made in United States Dollars. Redemption Information*

5 Name & Address under which Investor Shares are currently registered: Class and # of Investor Shares to be redeemed: Date of redemption: Correspondent Bank Details: (Wire instructions for receiving funds) Name and Address of receiving bank: Account Holder: Date: Signature: By: Title: On behalf of (entity): Date of redemption *In the event of a redemption, instructions will only be accepted from authorized signatories and redemption proceeds will only be paid to the remitting bank details, which were provided in the subscription agreement unless the Administrator has received prior written notification of a change of the shareholders bank details.