Lowell Resources Fund Product Disclosure Statements August 2022

Page 73

13.

MATERIAL CONTRACTS

The Responsible Entity considers that the material contracts described below are those which an investor would reasonably regard as material and which investors and their professional advisers would reasonably expect to find described in this PDS for the purpose of making an informed assessment of an investment in the Fund. This section contains a summary of the material contracts and their substantive terms which are not otherwise disclosed elsewhere in this PDS. 13.1 Investment Management Agreement (IMA) Under the IMA, the Responsible Entity has appointed the Investment Manager as the investment manager of the Fund. A summary of the material terms of the IMA are set out below. Duties of the Investment Manager Subject to the Corporations Act and the investment policies incorporated into the IMA, the duties of the Investment Manager include: -

making, managing and supervising the investment of the assets of the Fund in accordance with the Corporations Act and the investment policies of the Fund;

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providing such information to the Responsible Entity regarding the Investments to enable the Responsible Entity calculate the Value of the Portfolio in accordance with the timing requirements for such valuations of the then-current PDS of the Fund, or weekly as a minimum;

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advising the Responsible Entity of investments made concerning the assets of the Fund; and

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providing the Responsible Entity with any information in its possession which the Responsible Entity may require in order to comply with its obligations under the IMA, the Corporations Act and the Listing Rules.

Powers of the Investment Manager Under the IMA, the Investment Manager is responsible for investing money on behalf of the Responsible Entity that constitutes the assets of the Fund, including money received from the disposal of such investments or by way of any dividend or other distribution. The Investment Manager also has the power to review, realise or dispose of the Fund investments. The Investment Manager’s investment powers under the IMA are subject to any restrictions imposed by the Corporations Act, any other applicable laws, the Constitution, the Listing Rules, the then-current PDS of the Fund and the investment policies pertaining to the IMA. Discretions of the Investment Manager The Investment Manager has absolute and unfettered discretion (subject to the Act) to manage the assets of the Fund (for investment purposes) and to do all things considered necessary or desirable in such management, including: Page 73 of 91


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Lowell Resources Fund Product Disclosure Statements August 2022 by Cremorne Capital - Issuu