Common use of Objective and Business of the Company Clause in Contracts

Objective and Business of the Company. (a) The objective and business of the Company is to purchase, sell (including short sales), invest and trade in Securities, on margin or otherwise, and to engage in any financial or derivative transactions relating thereto or otherwise. The Company may carry out its activities directly or indirectly through the purchase of interests in Investment Funds, which may include a subsidiary “master fund” formed for the purpose of investing the Company’s assets together with the assets of one or more other “feeder funds”. Notwithstanding any provision of this Agreement to the contrary, the Company, and each Director on behalf of the Company, may execute, deliver and perform all contracts, agreements, subscription documents and other undertakings and engage in all activities and transactions that may in the opinion of the Board of Directors be necessary or advisable to carry out its objective or business. For the avoidance of doubt, the Board of Directors may at any time authorize the reorganization of the Company into a master-feeder structure in its sole discretion and without obtaining the approval of the Shareholders.