Jenson Seed EIS Fund - Clubfinance

100 Jenson Seed EIS FundAppendix: Glossary Of Terms 101Closing Datea date on or by which Contributions are accepted by the FundManager to form Portfolios of the same Set within the FundEIS Reliefrelief from income tax under EISCollective InvestmentSchemeas defined in the Financial Services and Markets Act 2000Fund or Jenson Seed EISFundthe aggregate of all PortfoliosComplying Fundan arrangement, specified in paragraph 2 of the Schedule to theFinancial Services and Markets Act 2000 (Collective InvestmentSchemes) Order 2001 (SI 2001/1062), which is in summary: anarrangement in relation to EIS shares that would have been acollective investment scheme if the scheme arrangements hadnot provided that:a) the operator will, so far as practicable, make investmentswhich, subject to each participant’s individual circumstances,qualify for relief under Part 5 of the Income Tax Act 2007; andFund Manager or ForesightHMRCForesight Group LLP a limited liability partnership registered inEngland and Wales with registered number OC300878 whoseregistered office is at ECA Court, 24-26 South Park; Sevenoaks,Kent TN13 1DUHM Revenue & Customsb) the minimum contribution to the arrangements by eachparticipant must be not less than £2,000IHTInheritance TaxContributionthe total gross amount contributed by an Investor inaccordance with the terms of the offer set out in theInformation MemorandumIntermediarya person/company who promotes and markets the Fund andarranges the investment for the InvestorEISthe Enterprise Investment Scheme as set out in the Income TaxAct 2007 (as amended)Investee Companya company in which the Fund investsEIS Qualifying Companya company which is a qualifying company for the purposes of EISInvestmentinvestments made through the Fundan investment by a EIS Qualifying Investor in an EIS QualifyingEIS Qualifying InvestmentCompany and which meets all the other conditions in the EISnecessary for obtaining EIS Relief including holding on to therelevant Shares for the applicable three year periodInvestment Objectiveto offer Investors the opportunity to invest in unquoted SEIS andEIS Qualifying Companies with the added bonus of obtaining theTax Reliefs where applicableEIS Qualifying Investoran investor who is a qualifying investor for the purposes of the EIS