Common use of Unitholder Clause in Contracts

Unitholder. The person/legal entity, including a trust, who has invested in unit trusts via the Xxxxx Xxxx Investment Platform – addressed as `you´. Xxxxx Xxxx Nominees This is the independent company approved by the Financial Services Board that holds the assets in trust - Xxxxx Xxxx Nominees (RF) Proprietary Limited. Manager The company that administers the Portfolio(s) of a Collective Investment Scheme in terms of the Collective Investment Schemes Control Act. Xxxxx Xxxx Unit Trust Management (RF) Proprietary Limited is an example of a Manager. Investment Account The account through which the unit trust(s) you choose is administered. Portfolios of a Collective Investment Scheme This is an arrangement that enables investors to pool their money and have it professionally managed and invested in a range of underlying assets. The underlying assets of a Portfolio vary depending on the Portfolio’s investment objective. Portfolios are commonly referred to as `unit trust(s)´ or `fund(s)´. In this document the term `unit trust´ is used. Participatory interest in a Portfolio of a Collective Investment Scheme A Portfolio of a Collective Investment Scheme is divided into equal parts, also referred to as `units´. Each unit represents a direct proportionate interest in every underlying asset of the Portfolio. The number of units in your Investment Account depends on how much money you contribute and what the unit price is when units are bought. Business Day A business day is any day other than a Saturday, Sunday or South African public holiday. In this document day and business day have the same meaning. 02 Which legal entities are party to this agreement? There are different legal entities that are party to this agreement. These are: • You • The Administrator • The Manager • Xxxxx Xxxx Nominees 03 Which documents form part of the agreement? The terms of your unit trust investment with the Administrator is based on the application form, supporting documentation that you provide and this document. All other instructions which you provide and which the Administrator accepts will also form part of the agreement.

Unitholder. The person/legal entity, including a trust, registered in Namibia for tax purposes who has invested in Xxxxx Xxxx unit trusts via and in whose name the Xxxxx Xxxx Investment Platform investment is held – addressed as `you´. Xxxxx Xxxx Nominees This is the independent company approved by the Financial Services Board that holds the assets in trust - Xxxxx Xxxx Nominees (RF) Proprietary Limited. Manager The company that administers the Portfolio(s) of a Collective Investment Scheme in terms of the Collective Investment Schemes Control Act. Xxxxx Xxxx Unit Trust Management (RF) Proprietary Limited is an example of a Manager. Investment Account The account through which the unit trust(s) you choose is administered. Portfolios Portfolio of a Collective Investment Scheme This is an arrangement that enables investors to pool their money and have it professionally managed and invested in a range of underlying assets. The underlying assets of a Portfolio vary depending on the Portfolio’s investment objective. Portfolios Portfolio’s are commonly referred to as `unit trust(s)´ or `fund(s)´. In this document the term `unit trust´ is used. Participatory interest in a Portfolio of a Collective Investment Scheme A Portfolio of a Collective Investment Scheme is divided into equal parts, also referred to as `‘units´’. Each unit represents a direct proportionate interest in every underlying asset of the Portfolio. The number of units in your Investment Account depends on how much money you contribute and what the unit price is when the units are bought. Business Day A business day is any day other than a Saturday, Sunday or public holiday in Namibia or South African public holidayAfrica. In this document day and business day have the same meaning. 02 Which legal entities are party to this agreementWHICH LEGAL ENTITIES ARE PARTY TO THIS AGREEMENT? There are different two legal entities that are party to this agreement. These are: • „ You • The Administrator • The Manager • „ Xxxxx Xxxx Nominees 03 Which documents form part of the agreementWHICH DOCUMENTS FORM PART OF THE AGREEMENT? The terms of your unit trust investment with the Administrator witx Xxxxx Xxxx is based on the application form, supporting documentation that you provide and this document. All other instructions which you provide and which the Administrator whicx Xxxxx Xxxx accepts will also form part of the agreement. WHAT ARE YOUR RIGHTS AND RESPONSIBILITIES? All instructions need to be in the prescribed format and accepted bx Xxxxx Xxxx. All instructions are subject to: „ the requirements xx Xxxxx Xxxx and applicable legislation at the time of the transaction „ the availability of the selected unit trusts „ the processing requirementx xx Xxxxx Xxxx (this includes cut-off times and time periods for processing) „ terms and conditioxx xx Xxxxx Xxxx „ minimum amounts specifxxx xx Xxxxx Xxxx, applicable at the time of the transxxxxxx Xxxxx Xxxx may suspend, delay or withdraw your instruction due to any of the above. Provide accurate information You must ensure that all information in instructions and supporting documentatiox xxxx Xxxxx Xxxx receives from you is true and accurate. Make informed financial decisions If you require financial advice it is your responsibility to appoint a financial adxxxxx. Xxxxx Xxxx does not provide financial advice. It is also your responsibility to negotiate the fees payable for advice with your financial adviser. Appoint or change your financial adviser You may appoint, change or remove your financial adviser at any stage by writxxx xx Xxxan Xxxx. Xxxxx Xxxx will inform your financial adviser of the change. If you remove your appointed financial adviser, this will take effect after five business days. Make contributions You may make the following contributions: „ initial lump sum „ additional lump sum „ recurring monthly contributions via debit order Select your unit trust(s) You need to select one or more unit trusts that suit your investment needs and risk profile. At the discxxxxxx xx Xxxxx Xxxx, certain unit trusts may be subject to availability. Monitor your unit trust(s) You are responsible for regularly reviewing your unit trust(s) and ensuring that it suits your circuxxxxxxxx. Xxxxx Xxxx does not take responsibility for your selection. Select your income distribution preference Unit trusts may earn interest and dividends from the underlying assets. This is declared as an income distribution if the interest and dividends exceed the total unit trust’s expenses. You need to indicate whether you prefer the income distribution to be paid directly into your bank account or re-invested, net of any applicable taxes. Withholding tax on interest Under section 34A of the Namibian Income Xxx Xxx, Xxxxx Xxxx is obliged to pay 10% withholding tax on interest on your behalf. Namibian companies and pension funds are not subject to 10% withholding tax. Switch between unit trusts You may switch between the available unit trusts. All switch transactions have two components: „ sell units from your existing unit trust „ buy units in another unit trust If the market value of a unit trust from which you wish to switch is less than the minimum amount prxxxxxxxx xy Xxxxx Xxxx, Xxxxx Xxxx will switch the whole amount. This amount must be switched into one unit trust. Withdraw some or all of your investment You may withdraw some or all of your investment by selling the units in the Investment Account. You may also schedule regular withdrawals on a monthly, quarterly, half yearly or yearly basis. However, should the market value of the Investment Account decxxxxx xxxxx Xxxxx Xxxx’s required minimum balance after your witxxxxxxx(x), Xxxxx Xxxx may require you to withdraw the remaining balance. Transfer ownership You may request a transfer of some or all of your units in your Investment Account to another legal entity. Report errors You have 14 days after receipt of the investment confirmation or any staxxxxxx xxxm Xxxxx Xxxx to report any erroxx. Xxxxxy Xxxxx Xxxx of changes in bank or contact details You neex xx xxxxxm Xxxxx Xxxx of any changes in your bank or contact details, including your postal and email address, and provide supporting documentation where appropriate. Cede the units You may cede some or all of your units in your Investment Account as security. It is your responsibility to manage the cession. Vote in a ballot You may vote in any ballot that affects the unit trust(s) yox xxxxxxxx. Xxxxx Xxxx will not vote on your behalf. XXXX XXX XXXXX XXXX’S RIGHTS AND RESPONSIBILITIES? Accept or reject inxxxxxxxxxx Xxxxx Xxxx may accept or reject your application or any subsequent inxxxxxxxxxx. Xxxxx Xxxx may also reverse a transaction if it decides the circumstances justify it.

Unitholder. The person/legal entity, including a trust, registered in Namibia for tax purposes who has invested in Xxxxx Xxxx unit trusts via and in whose name the Xxxxx Xxxx Investment Platform investment is held – addressed as `you´. Xxxxx Xxxx Nominees This is the independent company approved by the Financial Services Board that holds the assets in trust - Xxxxx Xxxx Nominees (RF) Proprietary Limited. Manager The company that administers the Portfolio(s) of a Collective Investment Scheme in terms of the Collective Investment Schemes Control Act. Xxxxx Xxxx Unit Trust Management (RF) Proprietary Limited is an example of a Manager. Investment Account The account through which the unit trust(s) you choose is administered. Portfolios Portfolio of a Collective Investment Scheme This is an arrangement that enables investors to pool their money and have it professionally managed and invested in a range of underlying assets. The underlying assets of a Portfolio vary depending on the Portfolio’s investment objective. Portfolios Portfolio’s are commonly referred to as `unit trust(s)´ or `fund(s)´. In this document the term `unit trust´ is used. Participatory interest in a Portfolio of a Collective Investment Scheme A Portfolio of a Collective Investment Scheme is divided into equal parts, also referred to as `‘units´’. Each unit represents a direct proportionate interest in every underlying asset of the Portfolio. The number of units in your Investment Account depends on how much money you contribute and what the unit price is when the units are bought. Business Day A business day is any day other than a Saturday, Sunday or public holiday in Namibia or South African public holidayAfrica. In this document day and business day have the same meaning. 02 Which legal entities are party to this agreementWHICH LEGAL ENTITIES ARE PARTY TO THIS AGREEMENT? There are different two legal entities that are party to this agreement. These are: • „ You • The Administrator • The Manager • „ Xxxxx Xxxx Nominees 03 Which documents form part of the agreementWHICH DOCUMENTS FORM PART OF THE AGREEMENT? The terms of your unit trust investment with the Administrator witx Xxxxx Xxxx is based on the application form, supporting documentation that you provide and this document. All other instructions which you provide and which the Administrator whicx Xxxxx Xxxx accepts will also form part of the agreement. WHAT ARE YOUR RIGHTS AND RESPONSIBILITIES? All instructions need to be in the prescribed format and accepted bx Xxxxx Xxxx. All instructions are subject to: „ the requirements xx Xxxxx Xxxx and applicable legislation at the time of the transaction „ the availability of the selected unit trusts „ the processing requirementx xx Xxxxx Xxxx (this includes cut-off times and time periods for processing) „ terms and conditioxx xx Xxxxx Xxxx „ minimum amounts specifxxx xx Xxxxx Xxxx, applicable at the time of the transxxxxxx Xxxxx Xxxx may suspend, delay or withdraw your instruction due to any of the above. Provide accurate information You must ensure that all information in instructions and supporting documentatiox xxxx Xxxxx Xxxx receives from you is true and accurate. Make contributions You may make the following contributions: „ initial lump sum „ additional lump sum Select your unit trust(s) You need to select one or more unit trusts that suit your investment needs and risk profile. At the discrxxxxx xx Xxxxx Xxxx, certain unit trusts may be subject to availability. Monitor your unit trust(s) You are responsible for regularly reviewing your unit trust(s) and ensuring that it suits your circumxxxxxxx. Xxxxx Xxxx does not take responsibility for your selection. Select your income distribution preference Unit trusts may earn interest and dividends from the underlying assets. This is declared as an income distribution if the interest and dividends exceed the total unit trust’s expenses. You need to indicate whether you prefer the income distribution to be paid directly into your bank account or re-invested, net of any applicable taxes. Withholding tax on interest Under section 34A of the Namibian Income Xxx Xxx, Xxxxx Xxxx is obliged to pay 10% withholding tax on interest on your behalf. Namibian companies and pension funds are not subject to 10% withholding tax. Switch between unit trusts You may switch between the available unit trusts. All switch transactions have two components: „ sell units from your existing unit trust „ buy units in another unit trust If the market value of a unit trust from which you wish to switch is less than the minimum amount prexxxxxxx xx Xxxxx Xxxx, Xxxxx Xxxx will switch the whole amount. This amount must be switched into one unit trust. Withdraw some or all of your investment You may withdraw some or all of your investment by selling the units in the Investment Account. Report errors You have 14 days after receipt of the investment confirmation or any statxxxxx xxxx Xxxxx Xxxx to report any errorx. Xxxxxx Xxxxx Xxxx of changes in bank or contact details You need xx xxxxxx Xxxxx Xxxx of any changes in your bank or contact details, including your postal and email address, and provide supporting documentation where appropriate. Vote in a ballot You may vote in any ballot that affects the unit trust(s) you xxxxxxxx. Xxxxx Xxxx will not vote on your behalf. XXXX XXX XXXXX XXXX’S RIGHTS AND RESPONSIBILITIES? Accept or reject insxxxxxxxxx Xxxxx Xxxx may accept or reject your application or any subsequent insxxxxxxxxx. Xxxxx Xxxx may also reverse a transaction if it decides the circumstances justify it.

Unitholder. The person/legal entity, including a trust, registered in Namibia for tax purposes who has invested in Xxxxx Xxxx unit trusts via and in whose name the Xxxxx Xxxx Investment Platform investment is held – addressed as `you´. Xxxxx Xxxx Nominees This is the independent company approved by the Financial Services Board that holds the assets in trust - Xxxxx Xxxx Nominees (RF) Proprietary Limited. Manager The company that administers the Portfolio(s) of a Collective Investment Scheme in terms of the Collective Investment Schemes Control Act. Xxxxx Xxxx Unit Trust Management (RF) Proprietary Limited is an example of a Manager. Investment Account account The account through which the unit trust(s) you choose is administered. Portfolios Portfolio of a Collective Investment Scheme collective investment scheme This is an arrangement that enables investors to pool their money and have it professionally managed and invested in a range of underlying assets. The underlying assets of a Portfolio vary depending on the Portfolio’s investment objective. Portfolios Portfolio’s are commonly referred to as `unit trust(s)´ or `fund(s)´. In this document the term `unit trust´ is used. Participatory interest in a Portfolio portfolio of a Collective Investment Scheme collective investment scheme A Portfolio of a Collective Investment Scheme is divided into equal parts, also referred to as `‘units´’. Each unit represents a direct proportionate interest in every underlying asset of the Portfolio. The number of units in your Investment Account depends on how much money you contribute and what the unit price is when the units are bought. Business Day day A business day is any day other than a Saturday, Sunday or public holiday in Namibia or South African public holidayAfrica. In this document day and business day have the same meaning. 02 Which legal entities are party to this agreementWHICH LEGAL ENTITIES ARE PARTY TO THIS AGREEMENT? There are different two legal entities that are party to this agreement. These are: • ƒ You • The Administrator • The Manager • ƒ Xxxxx Xxxx Nominees 03 Which documents form part of the agreementWHICH DOCUMENTS FORM PART OF THE AGREEMENT? The terms of your unit trust investment with the Administrator Xxxxx Xxxx is based on the application form, supporting documentation that you provide and this document. All other instructions which you provide and which the Administrator Xxxxx Xxxx accepts will also form part of the agreement. WHAT ARE YOUR RIGHTS AND RESPONSIBILITIES? All instructions need to be in the prescribed format and accepted by Xxxxx Xxxx. All instructions are subject to: ƒ The requirements of Xxxxx Xxxx and applicable legislation at the time of the transaction, ƒ The availability of the selected unit trust(s), ƒ The processing requirements of Xxxxx Xxxx (this includes cut-off times and time periods for processing), ƒ Terms and conditions of Xxxxx Xxxx, and ƒ Minimum amounts specified by Xxxxx Xxxx, applicable at the time of the transaction. Xxxxx Xxxx may suspend, delay or withdraw your instruction due to any of the above. Provide accurate information You must ensure that all information in instructions and supporting documentation that Xxxxx Xxxx receives from you is true and accurate. Make informed financial decisions If you require financial advice it is your responsibility to appoint a financial adviser. Xxxxx Xxxx does not provide financial advice. It is also your responsibility to negotiate the fees payable for advice with your financial adviser. Appoint or change your financial adviser You may appoint, change or remove your financial adviser at any stage by writing to Xxxxx Xxxx. Xxxxx Xxxx will inform your financial adviser of the change. If you remove your appointed financial adviser, this will take effect after five business days. Make contributions You may make the following contributions: ƒ Initial lump sum ƒ Additional lump sum ƒ Recurring monthly contributions via debit order Select your unit trust(s) You need to select one or more unit trusts that suit your investment needs and risk profile. At the discretion of Xxxxx Xxxx, certain unit trusts may be subject to availability. Monitor your unit trust(s) You are responsible for regularly reviewing your unit trust(s) and ensuring that it suits your circumstances. Xxxxx Xxxx does not take responsibility for your selection. Select your income distribution preference Unit trusts may earn interest and dividends from the underlying assets. This is declared as an income distribution if the interest and dividends exceed the total unit trust’s expenses. You need to indicate whether you prefer the income distribution to be paid directly into your bank account or re-invested, net of any applicable taxes. Withholding tax on interest Under section 34A of the Namibian Income Tax Act, Xxxxx Xxxx is obliged to pay 10% withholding tax on interest on your behalf. Namibian companies and pension funds are not subject to 10% withholding tax. Switch between unit trusts You may switch between the available unit trusts. All switch transactions have two components: ƒ Sell units from your existing unit trust ƒ Buy units in another unit trust If the market value of a unit trust from which you wish to switch is less than the minimum amount prescribed by Xxxxx Xxxx, Xxxxx Xxxx will switch the whole amount. This amount must be switched into one unit trust. Withdraw some or all of your investment You may withdraw some or all of your investment by selling the units in the Investment Account. You may also schedule regular withdrawals on a monthly, quarterly, half yearly or yearly basis. However, should the market value of the Investment Account decrease below Xxxxx Xxxx’x required minimum balance after your withdrawal(s), Xxxxx Xxxx may require you to withdraw the remaining balance. Transfer ownership You may request a transfer of some or all of your units in your Investment Account to another legal entity. Report errors You have 14 days after receipt of the investment confirmation or any statement from Xxxxx Xxxx to report any errors. Notify Xxxxx Xxxx of changes in bank or contact details You need to inform Xxxxx Xxxx of any changes in your bank or contact details, including your postal and email address, and provide supporting documentation where appropriate. Cede the units You may cede some or all of your units in your Investment Account as security. It is your responsibility to manage the cession. Vote in a ballot You may vote in any ballot that affects the unit trust(s) you selected. Xxxxx Xxxx will not vote on your behalf. WHAT ARE XXXXX XXXX’X RIGHTS AND RESPONSIBILITIES? Accept or reject instructions Xxxxx Xxxx may accept or reject your application or any subsequent instructions. Xxxxx Xxxx may also reverse a transaction if it decides the circumstances justify it.