Article 9 Contract on trustee management

A trustee management agreement is an agreement concluded between a trustee and an investment fund or between a trustee and investors of a mutual fund, providing for restrictions on trustee management, the procedure for remuneration and expenses, the grounds and conditions for termination of the agreement, the liability of the parties and other provisions in accordance with the law.

A mutual fund trust agreement is an accession agreement.

Trustee management is carried out in accordance with the trustee management agreement, which is concluded by the head of the trustee manager:

with the chairman of the supervisory board of the investment fund based on the decision of the general meeting of shareholders;

with investors in a mutual fund by signing and joining it.

The conclusion of an agreement on trustee management of an investment fund at the same time with several trustees is not allowed.

The trust agreement must contain an investment declaration, which is an integral part of it and that sets forth the requirements for the composition of investment assets.

The term of the trustee management agreement for a mutual fund shall not exceed five years. If the owners of investment shares have not requested the redemption of all investment shares owned by them, by the decision of the general meeting of owners of investment shares, the term of the contract may be extended by one year.