Common use of Amendments to Loan Documents Clause in Contracts

Amendments to Loan Documents. Subject to the terms and conditions hereof, the Loan Documents are hereby amended as follows: 1. Pxxxxx Government Money Market Fund, a newly established portfolio series of Pxxxxx Investment Funds (the “New Fund”), is hereby added as a Fund for all purposes under the terms of the Loan Agreement and Note, and each of the Loan Agreement and Note is hereby deemed amended to reflect the foregoing. Pxxxxx Investment Funds, for and on behalf of Pxxxxx Government Money Market Fund, hereby agree to be bound by all of the terms and conditions of the Loan Documents as a Fund thereunder for all purposes as if it had been an original Fund party thereto. 2. The Borrowers have informed the Bank that Pxxxxx Tax Exempt Money Market Fund was liquidated on March 23, 2016. Pxxxxx Tax Exempt Money Market Fund is hereby terminated as a Borrower and a Fund for all purposes under the Loan Documents and all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx Tax Exempt Money Market Fund are hereby deleted in their entirety. 3. The Borrowers have further informed the Bank that Pxxxxx VT Money Market Fund, a portfolio series of Pxxxxx Variable Trust, has changed its name to Pxxxxx VT Government Money Market Fund effective April 30, 2016. In furtherance of the foregoing, all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx VT Money Market Fund are hereby deleted in their entirety and replaced with references to Pxxxxx VT Government Money Market Fund. 4. The Appendix I attached to the Loan Agreement and the Note and the Appendix I (or other applicable schedule, appendix or exhibit designation), as applicable, attached to each other certificate, agreement or form executed and/or delivered in connection with the Loan Agreement which includes such an Appendix I (or other applicable schedule, appendix or exhibit designation) listing the Borrowers and Funds, is hereby deleted and the Appendix I attached hereto is substituted in each instance therefor, such revised Appendix I reflecting the changes described in paragraphs 1-3 above.

Amendments to Loan Documents. Subject to the terms and conditions hereof, the Loan Documents are hereby amended as follows: 1. Pxxxxx Government Money Market Fund, a newly established portfolio series of Pxxxxx Investment Funds (the “New Fund”), is hereby added as a Fund for all purposes under the terms Section I(1) of the Loan Agreement is hereby amended by deleting the first sentence of such section in its entirety and Notesubstituting the following therefor: “The Committed Line shall expire July 8, 2016 (the “Expiration Date”), unless extended by mutual agreement of the Bank and each the Borrowers or, with respect to any Fund, terminated by the applicable Borrower on behalf of such Fund as provided herein.” LIMITED ACCESS Each of the Borrowers listed on Appendix I attached hereto July 10, 2015 2. Section I(5)(b) of the Loan Agreement and Note is hereby deemed amended to reflect by inserting the foregoing. Pxxxxx Investment Fundsfollowing new sentences after the first sentence of such section: “Each Borrower hereby authorizes and irrevocably directs the Bank, at the Bank’s option at any time upon and following the due date for and on behalf payment by such Borrower of Pxxxxx Government Money Market Fund, hereby agree to be bound by all of the terms and conditions of any amounts under the Loan Documents as a Fund thereunder for all purposes as if it had been an original Fund party thereto. 2. The Borrowers have informed Documents, and without any further notice to or consent of such Borrower, to debit any account(s) of such Borrower with the Bank and apply amounts so debited toward the payment of any such amounts due and owing by such Borrower under the Loan Documents. Notwithstanding such authorization and direction, each Borrower hereby further acknowledges and agrees that Pxxxxx Tax Exempt Money Market Fund was liquidated on March 23(i) the Bank shall have no obligation to so debit any such account(s) and shall have no liability whatsoever to such Borrower for any failure to do so, 2016. Pxxxxx Tax Exempt Money Market Fund is hereby terminated as a and (ii) such Borrower and a Fund for all purposes shall fully retain the obligation under the Loan Documents and to make all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx Tax Exempt Money Market Fund are hereby deleted in their entiretypayments thereunder when due.” 3. The Borrowers have further informed the Bank that Pxxxxx VT Money Market Fund, a portfolio series of Pxxxxx Variable Trust, has changed its name to Pxxxxx VT Government Money Market Fund effective April 30, 2016. In furtherance Section I(8) of the foregoing, all references Loan Agreement is hereby amended by: (a) replacing the percentage “0.12%” appearing therein with the percentage “0.15%”; and (b) deleting the third sentence of such section in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx VT Money Market Fund are hereby deleted in their its entirety and replaced with references substituting the following therefor: “Accrued commitment fees payable by each of the Borrowers, on behalf of its respective Funds, hereunder shall be payable quarterly in arrears on the fifteenth day of each April, July, October and January for the immediately preceding calendar quarter and on the Expiration Date or any earlier date upon which the Committed Line hereunder may be terminated (including pursuant to Pxxxxx VT Government Money Market FundSection II(4) hereof upon the occurrence of an Event of Default).” 4. The Appendix I attached to Section II(3)(b)(i) of the Loan Agreement and is hereby amended by inserting before the Note and semi-colon at the Appendix I end of such clause (i) the phrase “or other applicable schedule, appendix or exhibit designation), as applicable, attached to each other certificate, agreement or form executed and/or delivered in connection with Section II(1)(j) hereof”. 5. Section II(5) of the Loan Agreement which includes such an Appendix I (or other applicable schedule, appendix or exhibit designation) listing the Borrowers and Funds, is hereby deleted amended and the Appendix I attached hereto is substituted restated in each instance therefor, such revised Appendix I reflecting the changes described in paragraphs 1-3 above.its entirety to read as follows:

Amendments to Loan Documents. Subject to the terms and conditions hereof, the Loan Documents are hereby amended as follows: 1. Pxxxxx Government Money Market Each of Xxxxxx Short-Term Municipal Income Fund, Xxxxxx Intermediate-Term Municipal Income Fund, Xxxxxx Emerging Markets Income Fund, Xxxxxx Global Dividend Fund, Xxxxxx Low Volatility Equity Fund and Xxxxxx Strategic Volatility Equity Fund, each a newly established portfolio series of Pxxxxx Investment Xxxxxx Funds Trust (the each, a “New Fund”), is hereby added as a Fund for all purposes under the terms of the Loan Agreement and Note, and each of the Loan Agreement and Note is hereby deemed amended to reflect the foregoing. Pxxxxx Investment FundsXxxxxx Funds Trust, for and on behalf of Pxxxxx Government Money Market each of Xxxxxx Short-Term Municipal Income Fund, Xxxxxx Intermediate-Term Municipal Income Fund, Xxxxxx Emerging Markets Income Fund, Xxxxxx Global Dividend March 27, 2013 Fund, Xxxxxx Low Volatility Equity Fund and Xxxxxx Strategic Volatility Equity Fund, hereby agree to be bound by all of the terms and conditions of the Loan Documents as a Fund thereunder for all purposes as if it had been an original Fund party thereto. 2. The Borrowers have informed the Bank that Pxxxxx Tax Exempt Money Market Fund was liquidated on March 23, 2016. Pxxxxx Tax Exempt Money Market Fund is hereby terminated as a Borrower and a Fund for all purposes under the Loan Documents and all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx Tax Exempt Money Market Fund are hereby deleted in their entirety. 3. The Borrowers have further informed the Bank that Pxxxxx VT Money Market Fund, a portfolio series of Pxxxxx Variable Trust, has changed its name to Pxxxxx VT Government Money Market Fund effective April 30, 2016. In furtherance of the foregoing, all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx VT Money Market Fund are hereby deleted in their entirety and replaced with references to Pxxxxx VT Government Money Market Fund. 4. The Appendix I attached to the Loan Agreement and the Note and the Appendix I (or other applicable schedule, appendix or exhibit designation), as applicable, attached to each other certificate, agreement or form executed and/or delivered in connection with the Loan Agreement which includes such an Appendix I (or other applicable schedule, appendix or exhibit designation) listing the Borrowers and Funds, is hereby deleted and the Appendix I attached hereto is substituted in each instance therefor, such revised Appendix I reflecting the changes addition of the New Funds as described in paragraphs paragraph 1-3 above.

Amendments to Loan Documents. Subject to the terms and conditions hereof, the Loan Documents are hereby amended as follows: 1. Pxxxxx Government Money Market Section I(1) of the Loan Agreement is hereby amended by deleting the first sentence in its entirety and substituting the following therefor: “The Uncommitted Line shall expire on September 20, 2018 (the “Expiration Date”), unless extended by mutual agreement of the Bank and the Borrowers or, with respect to any Fund, terminated by a Borrower on behalf of such Fund as provided herein.” September 21, 2017 Page 2 2. Xxxxxx PanAgora Managed Futures Strategy, Xxxxxx PanAgora Market Neutral Fund and Xxxxxx PanAgora Risk Parity Fund, each a newly established portfolio series of Pxxxxx Xxxxxx Investment Funds (the “New Fund”), is each hereby added as a Fund for all purposes under the terms of the Loan Agreement and Note, and each of the Loan Agreement and Note is hereby deemed amended to reflect the foregoing. Pxxxxx Xxxxxx Investment Funds, for and on behalf of Pxxxxx Government Money each of Xxxxxx PanAgora Managed Futures Strategy, Xxxxxx PanAgora Market Neutral Fund and Xxxxxx PanAgora Risk Parity Fund, hereby agree to be bound by all of the terms and conditions of the Loan Documents as a Fund thereunder for all purposes as if it had been an original Fund party thereto. 23. The Borrowers have informed the Bank that Pxxxxx Tax Exempt Money Market of certain Fund was liquidated on March 23, 2016. Pxxxxx Tax Exempt Money Market Fund is hereby terminated as a Borrower and a Fund for all purposes under the Loan Documents and all references terminations reflected in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx Tax Exempt Money Market Fund are hereby deleted in their entiretyAppendix I attached hereto. 34. The Borrowers have further informed the Bank that Pxxxxx VT Money Market Xxxxxx High Yield Advantage Fund, a portfolio series of Pxxxxx Variable Xxxxxx Funds Trust, has changed its name to Pxxxxx VT Government Money Market Xxxxxx High Yield Fund effective April 30May 8, 20162017. In furtherance of the foregoing, all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx VT Money Market Xxxxxx High Yield Advantage Fund are hereby deleted in their entirety and replaced with references to Pxxxxx VT Government Money Market Xxxxxx High Yield Fund. 45. The Appendix I attached to Section 16 of the Loan Agreement and the Note and the Appendix I (or other applicable schedule, appendix or exhibit designation), as applicable, attached to each other certificate, agreement or form executed and/or delivered in connection with the Loan Agreement which includes such an Appendix I (or other applicable schedule, appendix or exhibit designation) listing the Borrowers and Funds, is hereby deleted amended by amending and restating in its entirety the Appendix I attached hereto is substituted in each instance therefor, such revised Appendix I reflecting the changes described in paragraphs 1-3 above.definition of “Adjusted Net Assets” to read as follows:

Amendments to Loan Documents. Subject to the terms and conditions hereof, the Loan Documents are hereby amended as follows: 1. Pxxxxx Government Money Market Fund, a newly established portfolio series of Pxxxxx Investment Funds (the “New Fund”), is hereby added as a Fund for all purposes under the terms Section I(1) of the Loan Agreement is hereby amended by deleting the first sentence in its entirety and Notesubstituting the following therefor: “The Uncommitted Line shall expire on September 19, and each 2019 (the “Expiration Date”), unless extended by mutual agreement of the Loan Agreement Bank and Note is hereby deemed amended the Borrowers or, with respect to reflect the foregoing. Pxxxxx Investment Fundsany Fund, for and terminated by a Borrower on behalf of Pxxxxx Government Money Market Fund, hereby agree to be bound by all of the terms and conditions of the Loan Documents such Fund as a Fund thereunder for all purposes as if it had been an original Fund party theretoprovided herein.” 2. The Borrowers have informed the Bank that Pxxxxx Tax Exempt Money Market that, (i) Xxxxxx American Government Income Fund was liquidated on March 23merged into Xxxxxx Mortgage Securities Fund, 2016and (ii) Xxxxxx Investors Fund merged into Xxxxxx Funds Trust, and all of Xxxxxx Investors Fund’s assets and liabilities were assigned to, and assumed by, Xxxxxx Multi-Cap Core Fund, a series of Xxxxxx Funds Trust. Pxxxxx Tax Exempt Money Market As a result of the foregoing, each of Xxxxxx American Government Income Fund is hereby terminated as and Xxxxxx Investors Fund ceased to be a Borrower “Borrower” and a Fund for all purposes under of the Loan Documents and all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx Tax Exempt Money Market Fund are hereby deleted in their entiretyDocuments. 3. The Borrowers have further informed On or before the Bank that Pxxxxx VT Money Market date hereof (i) all of the assets and liabilities of Xxxxxx Absolute Return 500 Fund, a portfolio series of Pxxxxx Variable Xxxxxx Funds Trust (“PAR 500”) were assigned to and assumed by Xxxxxx Absolute Return 700 Fund, a series of Xxxxxx Funds Trust, has changed its name and (ii) all of the assets and liabilities of Xxxxxx Capital Opportunities Fund, a series of Xxxxxx Investment Funds (“PCO”) were assigned to Pxxxxx VT Government Money Market Fund effective April 30and assumed by Xxxxxx Small Cap Growth Fund, 2016a series of Xxxxxx Funds Trust. In furtherance As a result of the foregoing, each of PAR 500 and PCO ceased to be a “Fund” for all references in purposes of the Loan Agreement, the Note and the other Loan Documents to Pxxxxx VT Money Market Fund are hereby deleted in their entirety and replaced with references to Pxxxxx VT Government Money Market FundDocuments. 4. The Borrowers have informed the Bank of certain Fund terminations, liquidations and name changes reflected in Appendix I attached hereto. 5. The Appendix I attached to the Loan Agreement and the Note and the Appendix I (or other applicable schedule, appendix or exhibit designation), as applicable, attached to each other certificate, agreement or form executed and/or delivered in connection with the Loan Agreement which includes such an Appendix I (or other applicable schedule, appendix or exhibit designation) listing the Borrowers and Funds, is hereby deleted and the Appendix I attached hereto is substituted in each instance therefor, such revised Appendix I reflecting the changes described in paragraphs 1-3 2 through 4 above.

Amendments to Loan Documents. Subject to the terms and conditions hereof, the Loan Documents are hereby amended as follows: 1. Pxxxxx Government Money Market Each of Baron Health Care Fund, Baron WealthBuilder Fund and Baron Real Estate Income Fund, newly established fund series of Baron Select Funds, and Baron Durable Advantage Fund, a newly established portfolio fund series of Pxxxxx Baron Investment Funds Trust (the each, a “New Fund”), is hereby added as a Fund for all purposes under the terms of the Loan Agreement and Note, and each of the Loan Agreement and Note is hereby deemed amended to reflect the foregoing. Pxxxxx Investment Baron Select Funds, for and on behalf of Pxxxxx Government Money Market each of Baron Health Care Fund, Xxxxx XxxxxxXxxxxxx Fund and Baron Real Estate Income Fund, and Baron Investment Funds Trust, for and on behalf of Baron Xxxxxxx Advantage Fund, hereby agree to be bound by all of the terms and conditions of the Loan Documents as a Fund thereunder for all purposes as if it had been an original Fund party thereto. 2. The Each of the Borrowers have informed the Bank that Pxxxxx Tax Exempt Money Market Fund was liquidated listed on March 23, 2016. Pxxxxx Tax Exempt Money Market Fund is hereby terminated as a Borrower and a Fund for all purposes under the Loan Documents and all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx Tax Exempt Money Market Fund are hereby deleted in their entirety. 3. The Borrowers have further informed the Bank that Pxxxxx VT Money Market Fund, a portfolio series of Pxxxxx Variable Trust, has changed its name to Pxxxxx VT Government Money Market Fund effective Appendix I attached hereto April 30, 2016. In furtherance of the foregoing, all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx VT Money Market Fund are hereby deleted in their entirety and replaced with references to Pxxxxx VT Government Money Market Fund.2018 Page 42. The Appendix I attached to the Loan Agreement and the Agreement, Note and the Appendix I (or other applicable schedule, appendix or exhibit designation), as applicable, attached to each other certificate, agreement or form executed and/or delivered in connection with the Loan Agreement which includes such an Appendix I (or other applicable schedule, appendix or exhibit designation) listing the Borrowers and Funds, is hereby deleted and the Appendix I attached hereto is substituted in each instance therefor, such revised Appendix I reflecting the changes addition of the New Funds as described in paragraphs paragraph 1-3 above.

Amendments to Loan Documents. Subject to the terms and conditions hereof, the Loan Documents are hereby amended as follows: 1. Pxxxxx Government Money Market Each of Xxxxxx Short-Term Municipal Income Fund, Xxxxxx Intermediate-Term Municipal Income Fund, Xxxxxx Emerging Markets Income Fund, Xxxxxx Global Dividend Fund, Xxxxxx Low Volatility Equity Fund and Xxxxxx Strategic Volatility Equity Fund, each a newly established portfolio series of Pxxxxx Investment Xxxxxx Funds Trust (the each, a “New Fund”), is hereby added as a Fund for all purposes under the terms of the Loan Agreement and Note, and each of the Loan Agreement and Note is hereby deemed amended to reflect the foregoing. Pxxxxx Investment FundsXxxxxx Funds Trust, March 27, 2013 Page 2 for and on behalf of Pxxxxx Government Money Market each of Xxxxxx Short-Term Municipal Income Fund, Xxxxxx Intermediate-Term Municipal Income Fund, Xxxxxx Emerging Markets Income Fund, Xxxxxx Global Dividend Fund, Xxxxxx Low Volatility Equity Fund and Xxxxxx Strategic Volatility Equity Fund, hereby agree to be bound by all of the terms and conditions of the Loan Documents as a Fund thereunder for all purposes as if it had been an original Fund party thereto. 2. The Borrowers have informed the Bank that Pxxxxx Tax Exempt Money Market Fund was liquidated on March 23, 2016. Pxxxxx Tax Exempt Money Market Fund is hereby terminated as a Borrower and a Fund for all purposes under the Loan Documents and all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx Tax Exempt Money Market Fund are hereby deleted in their entirety. 3. The Borrowers have further informed the Bank that Pxxxxx VT Money Market Fund, a portfolio series of Pxxxxx Variable Trust, has changed its name to Pxxxxx VT Government Money Market Fund effective April 30, 2016. In furtherance of the foregoing, all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx VT Money Market Fund are hereby deleted in their entirety and replaced with references to Pxxxxx VT Government Money Market Fund. 4. The Appendix I attached to the Loan Agreement and the Note and the Appendix I (or other applicable schedule, appendix or exhibit designation), as applicable, attached to each other certificate, agreement or form executed and/or delivered in connection with the Loan Agreement which includes such an Appendix I (or other applicable schedule, appendix or exhibit designation) listing the Borrowers and Funds, is hereby deleted and the Appendix I attached hereto is substituted in each instance therefor, such revised Appendix I reflecting the changes addition of the New Funds as described in paragraphs paragraph 1-3 above.

Amendments to Loan Documents. Subject to the terms and conditions hereof, the Loan Documents are hereby amended as follows: 1. Pxxxxx Government Money Market Fund, a newly established portfolio series of Pxxxxx Investment Funds (the “New Fund”), is hereby added as a Fund for all purposes under the terms of The preamble to the Loan Agreement and Note, and each of the Loan Agreement and Note is hereby deemed amended to reflect by deleting the foregoing. Pxxxxx Investment Funds, for dollar amount “$325,000,000” wherever it may appear and on behalf of Pxxxxx Government Money Market Fund, hereby agree to be bound by all of substituting the terms and conditions of the Loan Documents as a Fund thereunder for all purposes as if it had been an original Fund party theretodollar amount “$315,000,000” in each instance therefor. 2. The Borrowers have informed the Bank that Pxxxxx Tax Exempt Money Market Fund was liquidated on March 23(i) Xxxxxx Asset Allocation: Balanced Portfolio, 2016. Pxxxxx Tax Exempt Money Market Fund is hereby terminated as a Borrower and a Fund for all purposes under the Loan Documents and all references in the Loan Agreementfund series of Xxxxxx Asset Allocation Funds, the Note and the other Loan Documents has changed its name to Pxxxxx Tax Exempt Money Market Fund are hereby deleted in their entirety. 3. The Borrowers have further informed the Bank that Pxxxxx VT Money Market Xxxxxx Dynamic Asset Allocation Balanced Fund, (ii) Xxxxxx Asset Allocation: Conservative Portfolio, a portfolio fund series of Pxxxxx Variable Xxxxxx Asset Allocation Funds, has changed its name to Xxxxxx Dynamic Asset Allocation Conservative Fund, (iii) Xxxxxx Asset Allocation: Growth Portfolio, a fund series of Xxxxxx Asset Allocation Funds, has changed its name to Xxxxxx Dynamic Asset Allocation Growth Fund and (iv) Xxxxxx Asset Allocation: Equity Portfolio, a fund series of Xxxxxx Funds Trust, has changed its name to Pxxxxx VT Government Money Market Fund effective April 30, 2016. In furtherance of the foregoing, all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx VT Money Market Fund are hereby deleted in their entirety and replaced with references to Pxxxxx VT Government Money Market Xxxxxx Dynamic Asset Allocation Equity Fund. 43. The Appendix I attached to the Loan Agreement and the Note and the Appendix I (or other applicable schedule, appendix or exhibit designation), as applicable, attached to each other certificate, agreement or form executed and/or delivered in connection with the Loan Agreement which includes such an Appendix I (or other applicable schedule, appendix or exhibit designation) listing the Borrowers and Funds, is hereby deleted and the Appendix I attached hereto is substituted in each instance therefor, such revised Appendix I reflecting the changes name change of certain Funds as described in paragraphs 1-3 aboveparagraph 2. 4. Section I(1) of the Loan Agreement is hereby amended by deleting the first sentence in its entirety and substituting the following therefor: “The Committed Line shall expire on June 28, 2013 (the “Expiration Date”), unless extended by mutual agreement of the Bank and the Borrowers or, with respect to any Fund, terminated by a Borrower on behalf of such Fund as provided herein.” 5. Section I(9) of the Loan Agreement is hereby amended by deleting the following therefrom: “0.13%” and substituting the following therefor: “0.11%”. 6. Section II(16) of the Loan Agreement is hereby amended by restating the following definition appearing therein to read in its entirety as follows:

Amendments to Loan Documents. Subject to the terms and conditions hereof, the Loan Documents are hereby amended as follows: 1. Pxxxxx Government Money Market Fund, a newly established portfolio series of Pxxxxx Investment Funds (the “New Fund”), is hereby added as a Fund for all purposes under the terms Section I(1) of the Loan Agreement is hereby amended by deleting the first sentence in its entirety and Notesubstituting the following therefor: “The Uncommitted Line shall expire on June 28, and each 2013 (the “Expiration Date”), unless extended by mutual agreement of the Loan Agreement Bank and Note is hereby deemed amended the Borrowers or, with respect to reflect the foregoing. Pxxxxx Investment Fundsany Fund, for and terminated by a Borrower on behalf of Pxxxxx Government Money Market Fund, hereby agree to be bound by all of the terms and conditions of the Loan Documents such Fund as a Fund thereunder for all purposes as if it had been an original Fund party theretoprovided herein.” 2. The Borrowers have informed the Bank that Pxxxxx Tax Exempt Money Market Fund was liquidated on March 23(i) Xxxxxx Asset Allocation: Balanced Portfolio, 2016. Pxxxxx Tax Exempt Money Market Fund is hereby terminated as a Borrower and a Fund for all purposes under the Loan Documents and all references in the Loan Agreementfund series of Xxxxxx Asset Allocation Funds, the Note and the other Loan Documents has changed its name to Pxxxxx Tax Exempt Money Market Fund are hereby deleted in their entirety. 3. The Borrowers have further informed the Bank that Pxxxxx VT Money Market Xxxxxx Dynamic Asset Allocation Balanced Fund, (ii) Xxxxxx Asset Allocation: Conservative Portfolio, a portfolio fund series of Pxxxxx Variable Xxxxxx Asset Allocation Funds, has changed its name to Xxxxxx Dynamic Asset Allocation Conservative Fund, (iii) Xxxxxx Asset Allocation: Growth Portfolio, a fund series of Xxxxxx Asset Allocation Funds, has changed its name to Xxxxxx Dynamic Asset Allocation Growth Fund and (iv) Xxxxxx Asset Allocation: Equity Portfolio, a fund series of Xxxxxx Funds Trust, has changed its name to Pxxxxx VT Government Money Market Fund effective April 30, 2016. In furtherance of the foregoing, all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx VT Money Market Fund are hereby deleted in their entirety and replaced with references to Pxxxxx VT Government Money Market Xxxxxx Dynamic Asset Allocation Equity Fund. 43. The Appendix I attached to the Loan Agreement and the Note and the Appendix I (or other applicable schedule, appendix or exhibit designation), as applicable, attached to each other certificate, agreement or form executed and/or delivered in connection with the Loan Agreement which includes such an Appendix I (or other applicable schedule, appendix or exhibit designation) listing the Borrowers and Funds, is hereby deleted and the Appendix I attached hereto is substituted in each instance therefor, such revised Appendix I reflecting the changes name change of certain Funds as described in paragraphs 1-3 aboveparagraph 2.

Amendments to Loan Documents. Subject to the terms and conditions hereof, the Loan Documents are hereby amended as follows: 1. Pxxxxx Government Money Market Each of Baron Health Care Fund, Baron WealthBuilder Fund and Baron Real Estate Income Fund, newly established fund series of Baron Select Funds, and Baron Durable Advantage Fund, a newly established portfolio fund series of Pxxxxx Baron Investment Funds Trust (the each, a “New Fund”), is hereby added as a Fund for all purposes under the terms of the Loan Agreement and Note, and each of the Loan Agreement and Note is hereby deemed amended to reflect the foregoing. Pxxxxx Investment Baron Select Funds, for and on behalf of Pxxxxx Government Money Market each of Baron Health Care Fund, Baron WexxxxXxxxxxx Xxxx xxd Baron Real Estate Income Fund, and Baron Investment Funds Trust, for and on behalf of Baron Durable Xxxxxxxge Fund, hereby agree to be bound by all of the terms and conditions of the Loan Documents as a Fund thereunder for all purposes as if it had been an original Fund party thereto.. Each of the Borrowers listed on Appendix I attached hereto April , 2018 Page 2. The Borrowers have informed the Bank that Pxxxxx Tax Exempt Money Market Fund was liquidated on March 23, 2016. Pxxxxx Tax Exempt Money Market Fund is hereby terminated as a Borrower and a Fund for all purposes under the Loan Documents and all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx Tax Exempt Money Market Fund are hereby deleted in their entirety. 3. The Borrowers have further informed the Bank that Pxxxxx VT Money Market Fund, a portfolio series of Pxxxxx Variable Trust, has changed its name to Pxxxxx VT Government Money Market Fund effective April 30, 2016. In furtherance of the foregoing, all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx VT Money Market Fund are hereby deleted in their entirety and replaced with references to Pxxxxx VT Government Money Market Fund. 4. The Appendix I attached to the Loan Agreement and the Agreement, Note and the Appendix I (or other applicable schedule, appendix or exhibit designation), as applicable, attached to each other certificate, agreement or form executed and/or delivered in connection with the Loan Agreement which includes such an Appendix I (or other applicable schedule, appendix or exhibit designation) listing the Borrowers and Funds, is hereby deleted and the Appendix I attached hereto is substituted in each instance therefor, such revised Appendix I reflecting the changes addition of the New Funds as described in paragraphs paragraph 1-3 above.

Amendments to Loan Documents. Subject to the terms and conditions hereof, the Loan Documents are hereby amended as follows: 1. Pxxxxx Government Money Market Fund, a newly established portfolio series of Pxxxxx Investment Funds (the “New Fund”), is hereby added as a Fund for all purposes under the terms Section I(1) of the Loan Agreement is hereby amended by deleting the first sentence of such section in its entirety and Notesubstituting the following therefor: “The Committed Line shall expire on May 20, and each 2016 (the “Expiration Date”), unless extended in the discretion of the Bank or, with respect to any Fund, terminated by the Borrower on behalf of such Fund as provided herein.” 2. Section I(5)(a) of the Loan Agreement and Note is hereby deemed amended to reflect by deleting the foregoing. Pxxxxx Investment Fundsfirst sentence of such section in its entirety and substituting the following therefor: “Each of the Borrowers, for and on behalf of Pxxxxx Government Money Market Fundits respective Funds, hereby agree promises to be bound by pay accrued interest on all Each of the terms and conditions Investment Companies listed on Appendix I hereto c/o Highland Capital Management Fund Advisors, L.P. May 22, 2015 Loans monthly in arrears on the fifteenth day of each calendar month for the immediately preceding calendar month; provided, however, that in each such case if such day on which interest on any Loans is due is not a Business Day, interest shall be payable on the next preceding Business Day.” 3. Section I(8) of the Loan Documents as a Fund thereunder for all purposes as if it had been an original Fund party thereto. 2. The Borrowers have informed the Bank that Pxxxxx Tax Exempt Money Market Fund was liquidated on March 23, 2016. Pxxxxx Tax Exempt Money Market Fund Agreement is hereby terminated as a Borrower amended by: (a) replacing the percentage “0.15%” appearing therein with the percentage “0.20%”; and (b) deleting the third sentence of such section in its entirety and a Fund for all purposes under substituting the Loan Documents and all references in the Loan Agreement, the Note and the other Loan Documents to Pxxxxx Tax Exempt Money Market Fund are hereby deleted in their entirety. 3. The Borrowers have further informed the Bank that Pxxxxx VT Money Market Fund, a portfolio series of Pxxxxx Variable Trust, has changed its name to Pxxxxx VT Government Money Market Fund effective April 30, 2016. In furtherance following therefor: “Accrued commitment fees payable by each of the foregoingBorrowers, all references on behalf of its respective Funds, hereunder shall be payable quarterly in arrears on the Loan Agreementfifteenth day of each April, July, October and January for the Note immediately preceding calendar quarter and on the other Loan Documents Expiration Date or any earlier date upon which the Committed Line hereunder may be terminated (including pursuant to Pxxxxx VT Money Market Fund are hereby deleted Section II(4) hereof upon the occurrence of an Event of Default); provided, however, that in their entirety and replaced with references to Pxxxxx VT Government Money Market Fundeach such case if such day on which any commitment fee is due is not a Business Day, such commitment fee shall be payable on the next preceding Business Day.” 4. The Appendix I attached to Section II(2)(m)(i)(y) of the Loan Agreement is hereby amended by deleting the parenthetical “(currently Cuba, Iran, North Korea, Sudan and the Note and the Appendix I (or other applicable schedule, appendix or exhibit designationSyria), as applicable, attached to each other certificate, agreement or form executed and/or delivered in connection with ” therefrom. 5. Section II(5) of the Loan Agreement which includes such an Appendix I (or other applicable schedule, appendix or exhibit designation) listing the Borrowers and Funds, is hereby deleted amended and the Appendix I attached hereto is substituted restated in each instance therefor, such revised Appendix I reflecting the changes described in paragraphs 1-3 above.its entirety to read as follows: