Common use of Authorized Dealers Clause in Contracts

Authorized Dealers. Pursuant to the distribution agreement between each Fund and us, we have agreed to use our best efforts to enter into arrangements with selected securities dealers to solicit from the public orders to purchase Shares. You are hereby invited to become one of such securities dealers (each such securities dealer, an "AUTHORIZED DEALER"). This will confirm our mutual agreement as to the terms and conditions applicable to your participation as an Authorized Dealer, such agreement to be effective on your confirmation hereof. You understand (a) that we may, at any time at our option, also act as an Authorized Dealer, (b) that we are seeking to enter into this Agreement in counterparts with you and certain other securities dealers, which also may act as Authorized Dealers, (c) that, except as we may otherwise agree with you, we may enter into agreements (which may or may not be the same as this Agreement) with Authorized Dealers, (d) that each Fund and we may modify, suspend, terminate or withdraw entirely the offering of Shares at any time without giving notice to you pursuant to Section 11 and without incurring any liability or obligation to you, (e) that we may upon notice change the public offering price, sales load, or dealer allowance or modify, cancel or change the terms of this Agreement, and (f) we shall be under no liability to you except for lack of good faith and for obligations expressly assumed by us herein. All purchases of Shares from, and redemptions of Shares by, the applicable Fund shall be effected through us acting as principal underwriters on behalf of the applicable Fund. (You understand that we shall have no obligation to sell Shares to you at such times as we are not acting as distributor and principal underwriter for the applicable Fund.)

Authorized Dealers. Pursuant to the distribution agreement between each Fund the Company and us, we have agreed to use our best efforts to enter into arrangements with selected securities dealers to solicit from "accredited investors" as defined in Regulation D under the public Securities Act of 1933 orders to purchase SharesInterests. You are hereby invited to become one of such securities dealers (each such securities dealer, an "AUTHORIZED DEALERAuthorized Dealer"). This will confirm our mutual agreement as to the terms and conditions applicable to your participation as an Authorized Dealer, such agreement to be effective on your confirmation hereof. You understand (a) that we may, at any time at our option, also act as an Authorized Dealer, (b) that we are seeking to enter into this Agreement in counterparts with you and certain other securities dealers, which also may act as Authorized Dealers, (c) that, except as we may otherwise agree with you, we may enter into agreements (which may or may not be the same as this Agreement) with Authorized Dealers, (d) that each Fund the Company and we may modify, suspend, terminate or withdraw entirely the offering of Shares Interests at any time without giving notice to you pursuant to Section 11 and without incurring any liability or obligation to you, (e) that we may upon notice change the public offering price, sales load, or dealer allowance load or modify, cancel or change the terms of this Agreement, and (f) we shall be under no liability to you except for lack of good faith and for obligations expressly assumed by us herein. All purchases of Shares from, and redemptions of Shares by, Interests from the applicable Fund Company shall be effected through us acting as principal underwriters underwriter on behalf of the applicable FundCompany. (You understand that we shall have no obligation to sell Shares Interests to you at such times as we are not acting as distributor and principal underwriter for the applicable FundCompany.)

Authorized Dealers. Pursuant to the distribution agreement between each the Fund and us, we have agreed to use our best efforts to enter into arrangements with selected securities dealers to solicit from “Eligible Investors” as defined in the public Prospectus orders to purchase SharesUnits. You are hereby invited to become one of such securities dealers (each such securities dealer, an "AUTHORIZED DEALER"“Authorized Dealer”). This will confirm our mutual agreement as to the terms and conditions applicable to your participation as an Authorized Dealer, such agreement to be effective on your confirmation hereof. You understand (a) that we may, at any time at our option, also act as an Authorized Dealer, (b) that we are seeking to enter into this Agreement in counterparts with you and certain other securities dealers, which also may act as Authorized Dealers, (c) that, except as we may otherwise agree with you, we may enter into agreements (which may or may not be the same as this Agreement) with Authorized Dealers, (d) that each the Fund and we may modify, suspend, terminate or withdraw entirely the offering of Shares Units at any time without giving notice to you pursuant to Section 11 and without incurring any liability or obligation to you, (e) that we may upon notice change the public offering price, sales load, load or dealer allowance or modify, cancel or change the terms of this Agreement, and (f) we shall be under no liability to you except for lack of good faith and for obligations expressly assumed by us herein. All purchases of Shares from, and redemptions of Shares by, Units from the applicable Fund shall be effected through us acting as principal underwriters underwriter on behalf of the applicable Fund. (You understand that we shall have no obligation to sell Shares Units to you at such times as we are not acting as distributor and principal underwriter for the applicable Fund.)