DECEASED SHAREHOLDER/UNITHOLDER. In case of death of the account holder, whatever funds remain in the account will form part of the estate of the deceased
shareholder/unitholder subject to the applicable taxes. PEMI will require several documents including tax clearance prior to the release of the funds to the rightful heirs. The release of
the redemption proceeds will be subject to Philippine laws and regulations, as well as PEMI’s policies and procedures.
FUND TRANSFERS. We will immediately transfer the funds in behalf of the investor following its customary procedures and subjected to bank charges but in no case shall we be liable
for delays or additional charges that occur due to acts of correspondent or intermediary financial institutions or through any cause beyond our control.
For USD transfers, we may, at our discretion, convert into Philippine Currency the funds transferred to the investor at the prevailing foreign exchange rate on the day such funds are
transferred. PEMI’s statement in writing that it has effected such conversion shall be conclusive.
LOST OR STALE CHECK. In case of lost or stale check, we are not obliged to replace or honor a request for stop payment unless it complies with all requirements including charges
that we may incur and deem necessary to protect our interest.
DELIVERY OF CERTIFICATES. In the interest of economy and convenience, certificates for shares/units purchased will only be issued if so requested in writing. Shares/Units are
recorded on a register by the Corporation’s duly appointed Transfer Agent and shareholders who do not elect to receive stock certificates have the same rights of ownership as if
certificates had been issued to them. Unitholders who do not elect to receive certificates of units of participation shall likewise have the same rights as if certificates of participation had
been issued to them. A Confirmation Notice (CN) shall evidence your subscription into the Fund.
Stock Certificate evidencing ownership of shares or Certificates evidencing units of participation shall only be issued by the transfer agent upon the written request of the
shareholder/unitholder. Cost of issuance of stock certificate or certificate of participation will be for the account of the shareholder/unitholder.
FOREIGN ACCOUNT TAX COMPLIANCE ACT (“FATCA”). To avoid tax evasion by U.S persons, the U.S. Foreign Account Tax Compliance Act (“FATCA”) was enacted to ensure
Foreign Financial Institutions (“FFIs”) such as mutual funds place compliance measures and report foreign (non-U.S.) assets to the U.S. Internal Revenue Services (“IRS”). If the Fund
is found to be non-compliant, the Fund may be subject to a 30% withholding tax on U.S. sources of income or proceeds. To comply with FATCA requirements, FFIs are required to
identify and report U.S. customers to the IRS or the BIR along with investors who are unable or unwilling to confirm their corresponding U.S. status.
Given the complex requirements of FATCA, PEMI will not accept investors who are U.S. citizens or found to have any indicia of U.S. status. U.S. indicia refers to any of the following: a)
U.S. citizenship or lawful permanent resident (green card) status; b) a U.S. birthplace; c) a U.S. residence address or a U.S. correspondence address (including a U.S. P.O. box); d) a
U.S. telephone number (regardless of whether such number is the only telephone number associated with the account holder); e) Standing instructions to pay any amounts from the
account to an account maintained in the U.S.; f) an “in care of” address or a “hold mail” address that is the sole address with respect to the client; or g) a power of attorney or signatory
authority granted to a person with a U.S. address. PEMI reserves the right to reject an application to purchase shares of the Fund for investors who are U.S. citizens of found to have
any indicia of U.S. status. PEMI also reserves the right to redeem and terminate accounts of investors who are found to be U.S. citizens, have any indicia of U.S. status, unwilling to
confirm their corresponding U.S. status or have been found provide false or inaccurate information of their U.S. status.
INSTRUCTIONS. All instructions, oral or written, whether original, facsimile, via electronic-mail or thru our online facility, given or purported to have been given by the persons
authorized to operate the account as designated in the Account Opening Form (or otherwise in writing), are binding on the investor. We, may at our discretion, conclusively rely and act
on any such instructions, and shall not in any way be liable for any loss which you may incur as a result of the Fund’s reliance and action on any such instruction.
FACSIMILE, ELECTRONIC MAIL AND ONLINE INSTRUCTIONS. You understand that this facility is applicable to your additional subscriptions, redemptions, auto-debits instructions
from your bank account, fund switches upon our receipt of fax and/or e-mail documents and any other forms bearing your signature. You also understand that we have the right to
further verify these forms and reject any forms if found to be non-compliant.
In case of discrepancy in subscription amount indicated in the Investment Application Form and amount remitted to us, or should the signature in the fax and/or email document not
match those in your signature cards, we reserves the right not to process the said transaction. On the other hand, in case the shares/units to be redeemed or transferred are higher
than the remaining balance in a Fund/s, you authorize us to redeem or transfer the available balance, and to close your account in the Fund/s.
You undertake to reimburse/indemnify us for all costs, payments, damages and expenses, which we may be liable for or which we may incur or have incurred in the implementation of
your faxed and signed transactions, even if same occurs through inadvertence or accident only.
COMMUNICATIONS AND NOTICES. All communications, whether by mail, facsimile, electronic-mail, messenger or otherwise, sent to the address appearing in our records shall
constitute personal delivery to you. All communications shall be directed to your last known address unless we received a written notice of change of address within five (5) banking
days prior to the delivery of communication or notice. All communications sent to your address or fax number shall be conclusive as to their correctness in the absence of any written
objection received by us within five (5) banking days from delivery thereof.
ELECTRONIC DELIVERY. You acknowledge that by default, all communications to you shall be delivered to your preferred email address as indicated in this form. You understand
that you will receive your Statement of Account/s (SOA) as well as transaction Confirmation Notices (CN) as password protected PDF attachments to the primary investors preferred
email address.
STATEMENTS AND REPORTS. You will receive a regular statement of account in such frequency as we may be determined. We may also issue a certification and annual report, as
may be requested by the investor subject to processing fees.
LIABILITY OF INVESTMENT MANAGER. The price of shares/units in the mutual fund may rise as well as fall depending on prevailing market conditions. Thus, any “income
expectation” or like terms is neither assumed nor guaranteed and it does not entitle the investor to a fixed interest or return on investment. Past performance is not a guaranty of future
performance. The investment manager shall not be liable for any loss or depreciation in the value of the fund or in the value of the investor’s shareholdings or units of participation
unless attributable to the investment manager’s act of fraud, willful default, gross negligence or evident bad faith.
TAXES, EXPENSES AND FEES. The investment manager is authorized, without prior notice to the investor, to incur and deduct from the fund, taxes relative to the acquisition and
disposition of investments, expenses (including but not limited to audit and legal fees, documentary stamps, etc.) and in consideration of services rendered herein, the investment
manager shall collect on every valuation date a management fee based on the investor’s proportionate share of the Net Asset Value (NAVPS/NAVPU) of the Fund. The investment
manager is also hereby authorized to deduct or withhold any and all taxes incurred from your account in accordance with the applicable local or foreign laws.
APPLICABLE LAW AND VENUE OF SUIT. These Terms and Conditions shall be covered and construed in accordance with the laws of the Philippines. The investor’s irrevocable
consents that any dispute, claim, action or suit arising out of or in relation to these terms and conditions shall be instituted in any competent court or administrative body in Metro
Manila, Philippines and the investor submits to and accepts, generally and unconditionally, the jurisdiction of any such court or administrative body.
The Applicant is advised to read the prospectus and the registration statement filed with the Securities and Exchange Commission (SEC) for a complete description of the
Securities. These Securities have not been approved or disapproved by the SEC nor has the SEC passed upon the accuracy of the prospectus of registration statement.
Any representation to the contrary is a criminal offense.
