Common use of Appointment of Firms Clause in Contracts

Appointment of Firms. It is understood and agreed that OSI may in its discretion appoint broker-dealer and other firms to assist OSI in providing distribution services to the Funds, including literature distribution, advertising and promotion. OSI may also appoint broker-dealer and other firms (including depository institutions such as commercial banks and savings and loan associations) to provide administrative services for their clients as shareholders of the Funds. The agreements between OSI and such other firms are collectively referred to as “Service Agreements” and shall be in a form approved by the Board of Trustees of the Trust. Such firms shall not be representatives or agents of the Funds and shall have no direct contractual relationship with the Trust.

Appointment of Firms. It is understood and agreed that OSI may in its discretion appoint broker-dealer and other firms to assist OSI in providing distribution services to the Funds, including literature distribution, advertising and promotion. OSI may also appoint broker-dealer and other firms (including depository institutions such as commercial banks and savings and loan associations) to provide administrative services for their clients as shareholders of the Funds. The agreements between OSI and such other firms are collectively referred to as “Service Agreements” and shall be substantially in the form of the agreement attached hereto as Exhibit B or Exhibit C or in a form otherwise approved by the Board of Trustees of the Trust. Such firms shall not be representatives or agents of the Funds and shall have no direct contractual relationship with the Trust.