DIVA SYNERGY LIMITED - Bernheim, Dreyfus & Co.

DIVA SYNERGY LIMITEDThe Fund will bear reasonable expenses attributable to it including, but not limited to, thefollowing where applicable:(i)(ii)(iii)Standard bank and broker fees incurred for business transactions.Interest on financing and all applicable taxes.Futures Clearer and depository charges.Organisational CostsThe organisational expenses of the Fund, estimated at US$ 12,500 will be capitalised andamortised over a period of 36 months. Although this treatment is in contravention of InternationalAccounting Standard 38, which requires the immediate write-off of such fees, it is felt by theDirectors that this represents a more equitable allocation of the organizational costs.SUBSCRIPTIONSThe SharesThe minimum initial subscription to the Class ‘A’ Shares is as defined in the Offering Summary,the €uro equivalent of US$ 100,000. Subsequent investments may be made in increments, whichare equal to €uro 10,000.The Class ‘A’ Shares are being offered and the Fund’s Directors reserve the right to reject anysubscription, in whole or in part, or to the withdrawal of the Offering, in whole or in part, at anytime.There is no minimum number of Class ‘A’ Shares, which must be sold in order to activate theFund. Class ‘A’ Shares will continue to be offered and sold for an indefinite period. The Class ‘A’Shares will not be available to United States of America persons or entities.The Class ‘A’ Shares carry no voting rights nor right to receive notice of or attend any generalmeeting of the Shareholders.The Fund will not issue share certificates in respect of the Class ‘A’ Shares, although theDirectors of the Fund have discretion to issue registered share certificates under specialcircumstances. Shares will be issued in registered form.The Administrator will acknowledge and confirm an investment by mailing an acknowledgmenton receipt of the Subscription Agreement and confirmation of receipt of the Subscription monies.On confirmation of the Net Asset Value of the Class ‘A’ Shares following subscription,conversion or redemption, a confirmation will be mailed detailing the number of shares purchasedor redeemed, the applicable Net Asset Value per Share on the date of purchase or redemption andthe reference number relating to the purchase or redemption. Acknowledgments can be mailed,faxed or held on behalf of the investor.SubscriptionsSubscriptions are payable in €uro for Class ‘A’ Shares and must be wired by telegraphic transferto the Fund’s bank account, as per the wire details provided in the ‘Subscription Agreement’.Subscriptions will be accepted into the Fund, subject to the approval of the Directors, on theValuation Day following the date of receipt of subscription monies into the Fund’s bank account.Subscription monies must be received into the Fund’s bank account THREE (3) business daysprior to the requested Valuation Date.DIVA SYNERGY – CLASS A (€uro)25