We are first and foremost fiduciaries and capital managers and we provide our investors with returns while preserving the capital entrusted to us. Pursuant to the terms of a November 23, 2020 separation and reciprocity agreement (the “Separation Agreement”), the Management Agreement expires on December 31, 2020 or an earlier date when the Company becomes aware that a successor has been appointed (the “Termination Date”). Under the separation agreement, the manager is entitled to a single separation fee of USD 200,000 at the end of the management agreement and, with the exception of administrative costs incurred, is not entitled to any other costs under the management agreement, including incentive and early termination fees 3 minimum exemption (not available to individuals): The minimum initial subscription amount for investors who are eligible for the Minimum Exemption is USD 150,000 in each province listed above. If you are an investor, by completing and signing a subscription contract and the purchase documents of our securities, expressly give us your consent for us to provide the personal data you provide in the manner described above or in the documentation that will be provided to you on that date, or as the law or the law, or by laws or other rules and regulations, which govern us and our affairs, described. Vancouver-based Trez Capital has completed the first round of funding for its new high-yield fund, but remains open for investment until Dec. 31 and plans to attract up to $100 million ($74 million).