Common use of Compensation and Services to be Rendered Clause in Contracts

Compensation and Services to be Rendered. (a) The Company will pay Cowen an annual fee in connection with distribution related services provided with respect to the Class B shares of the Fund. The annual fee paid to Cowen under this Agreement will be calculated daily and paid monthly by the Company at the annual rate of .75% of the value of the average daily net assets of the Fund. (b) The annual fee will be used by Cowen to provide initial and ongoing sales compensation to its registered representatives in respect of sales of Class B shares of the Fund; costs of printing and distributing the Fund's Prospectus, Statement of Additional Information and sales literature to prospective investors that are attributable to sales of the Class B shares; costs associated with any advertising relating to the Class B shares of the Fund; an allocation of overhead and other Cowen branch office expenses related to the distribution of the Class B shares of the Fund; and payments to, and expenses of, persons who provide support services in connection with the distribution of the Class B shares of the Fund.