Index: /trunk/src/VBox/VMM/VMMR0/HMVMXR0.cpp
===================================================================
--- /trunk/src/VBox/VMM/VMMR0/HMVMXR0.cpp	(revision 54129)
+++ /trunk/src/VBox/VMM/VMMR0/HMVMXR0.cpp	(revision 54130)
@@ -3775,5 +3775,8 @@
         }
         else
+        {
+            /* For now, cleared here as mode-switches can happen outside HM/VT-x. See @bugref{7626} comment #11. */
             pVCpu->hm.s.vmx.u32XcptBitmap &= ~HMVMX_REAL_MODE_XCPT_MASK;
+        }
 
         if (fInterceptNM)