Company: CAF
Filing Date: 2025-11-12
Form Type: 40-17G
Source: 0001133228-25-012062
Chunk: 8

Company: Morgan Stanley China A Share Fund, Inc.
Filing Date: 2025-11-12
Form: 40-17G
Chunk 8
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 1. | an Employee admits to having committed or is adjudicated to have committed 
 a Dishonest or Fraudulent Act which caused the loss; or                    |

| 2. | in the absence of such an admission or adjudication, an arbitrator or arbitrators acceptable to the Insured                             
 and the Underwriter concludes, after a review of an agreed statement of facts, that an Employee has committed a Dishonest or Fraudulent 
 Act which caused the loss.                                                                                                              |

The Insured shall promptly give notice to
the Underwriter of any such legal proceeding and upon request shall furnish the Underwriter with copies of all pleadings and other papers
therein. At the Underwriter’s election the Insured shall permit the Underwriter to conduct the defense of such legal proceeding
in the Insured’s name, through attorneys of the Underwriter’s selection. In such event, the Insured shall give all reasonable
information and assistance which the Underwriter shall deem necessary to the proper defense of such legal proceeding.

If the amount of the Insured’s liability
or alleged liability in any such legal proceeding is greater than the amount which the Insured would be entitled to recover under this
Bond (other than pursuant to this General Agreement C), or if a Deductible Amount is applicable, or both, the indemnity liability of the
Underwriter under this General Agreement C is limited to the proportion of court costs and attorneys’ fees incurred and paid by
the Insured or by the Underwriter that the amount which the Insured would be entitled to recover under this Bond (other than pursuant
to this General Agreement C) bears to the sum of such amount plus the amount which the Insured is not entitled to recover. Such indemnity
shall be in addition to the Limit of Liability for the applicable Insuring Agreement.

D. INTERPRETATION

This Bond shall be interpreted with due
regard to the purpose of fidelity bonding under Rule 17g-1 under the Investment Company Act of 1940 (i.e., to protect innocent third parties
from harm) and to the structure of the investment management industry (in which a loss of Property resulting from a cause described in
any Insuring Agreement ordinarily gives rise to a potential legal liability on the part of the Insured), such that the term “loss”
as used herein shall include an Insured’s legal liability for direct compensatory damages resulting directly from a misappropriation,
or measurable diminution in value, of Property.

| 6 | Blanket