| INVESTOR'S QUALIFICATIONS

• Money placed is not obtained from illegal and/or immoral means
• Individual investor is an accredited investor with net asset above
  SGD$5 million
• Corporate investor is an entity with net asset above SGD$10 million
• Investor can afford to lose substantial part or even all of his investments
• Not more than 10% of investor's net worth is placed in the fund.
• Not available to US investor.