Common use of Description of Administration Services on a Continuous Basis Clause in Contracts

Description of Administration Services on a Continuous Basis. (a) PNC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, various customary Portfolio and Fund statistical data on an ongoing basis; (iv) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Q; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viii) Coordinate contractual relationships and communications between the Funds and their contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requested.

Description of Administration Services on a Continuous Basis. (a) PNC The Sub-Administrator will perform the following administration services if required with respect to each PortfolioFund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund fund statistical data as requested on an ongoing basis; (iviii) Prepare and ensure file with the filing SEC via XXXXX the Fund’s (A) Annual and Semi- Annual Reports on Form N-SAR, (B) Certified Shareholder Reports on Form N- CSR, (C) Quarterly Schedules of Portfolio Holdings on Form N-Q, (D) Annual Reports of Proxy Voting Record on Form N-PX; (iv) Coordinate with the Administrator with respect to the printing and mailing of the Funds’ Fund’s annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Qshareholder reports; (v) If Provide the Fund accounting and financial reports in connection with quarterly meetings of the board of directors as are required or as the board of directors may reasonably request; (vi) Manage the tender offer process, including: distribute tender offers, track member responses and tabulate tender offer results; (vii) Provide individuals to serve as officers of the Fund, as requested; (viii) Coordinate with the Fund’s counsel on reviewing and filing registration statements and tender offers, and coordinate printing and delivery of prospectus and tender offers; (ix) Coordinate the Fund’s board of directors’ schedule, agenda and production of board meeting materials, and attend board of directors meetings (if requested); (x) Coordinate the preparation, review and execution of contracts between the Fund and third parties; (xi) Coordinate as necessary the registration or qualification of Interests with appropriate state securities authorities; (xii) Provide compliance services for the Fund as follows: (a) Provide back-end, quantitative compliance testing as mutually agreed to by PNC the Administrator and VP Distributors in writingSub-Administrator from time to time; provided, prepare (or assist however, that the Administrator acknowledges that the Advisers are responsible for ensuring the Funds’ compliance with the 1940 Act and the investment policies and restrictions listed in the preparation ofFund’s prospectus; (b) Research and ensure report compliance exceptions to such persons as the filing Administrator directs; (c) Collect and report to the Administrator and the Fund’s board of directors on a quarterly basis information related to transactions reportable under the 1940 Act and Fund procedures; (d) Provide 1940 Act portfolio compliance training for the Adviser and the Fund’s compliance personnel once a year at the Sub-Administrator’s headquarters or coordinate filing such other place as the parties may agree; (xiii) With respect to the ownership of, as may be mutually agreedor transactions in, Interests for which the Sub- Administrator maintains applicable Interest holder information, the Sub- Administrator shall: (i) such other reports Verify the identity of any person seeking to open an account with the SEC Fund, (ii) maintain records of the information used to verify the person’s identity and (iii) determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to the Fund by any government agency; in accordance with Section 326 of the USA PATRIOT Act and any regulations thereunder; (b) Determine when a suspicious activity report (“SAR”) should be filed as required by the regulations applicable to the Fund; prepare and file the SAR; notify the Fund of the SAR unless prohibited by law; (c) Submit all financial transactions against the Office of Foreign Asset Control (“OFAC”) database and FinCEN’s (formerly the SEC’s) Control List as may be required from time to time by applicable regulator authorities; (d) Compare account information to any FinCEN request received by the SEC Fund and that would be primarily fulfilled using books provided to the transfer agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; (e) Place holds on transactions in member accounts or freeze assets in member accounts, as provided in the Sub-Administrator’s anti-money laundering programs and records maintained by PNC under in accordance with the terms USA PATRIOT Act and OFAC, subject to the provisions of this Agreement; (vif) Assist in the preparation of registration statements Maintain all records or other documentation related to member accounts and other filings relating transactions therein that are required to be prepared and maintained pursuant to the registration Sub-Administrator’s AML program, and make the same available for inspection by (i) the Fund’s AML Compliance Officer, (ii) any auditor of Sharesthe Fund’s AML program or related procedures, policies or controls that has been designated by the Fund in writing, or (iii) regulatory or law enforcement authorities, and otherwise make said records or other documents available at the direction of the Fund’s AML Compliance Officer; (viig) Monitor each Portfolio’s status Perform such other related services as a regulated investment company under may be required by applicable law as to the Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viii) Coordinate contractual relationships and communications between the Funds and their contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested;Administrator’s AML program; and (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by Perform such additional administrative duties relating to the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by administration of the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (Fund as such policy is provided may subsequently be agreed upon in writing by VP Distributors to PNC), between the Administrator and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099the Sub-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedAdministrator.

Description of Administration Services on a Continuous Basis. (a) PNC Highland will perform the following administration services with respect to each Portfolioservices: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iviii) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Q; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viii) Coordinate contractual relationships and communications between the Funds and their contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, execution and file each Portfolio’s Federal and state tax returns: prepare a fiscal tax provision in coordination with the annual audit; prepare an excise tax provision; and prepare all relevant 1099 calculations; (iv) Coordinate contractual relationships and communications between the Fund and its contractual service providers; (v) Coordinate printing of the Portfolio’s annual and semi-annual shareholder reports; (vi) Prepare income and capital gain distributions; (vii) Prepare the semiannual and annual financial statements; (viii) Monitor the Fund’s and/or each Portfolio’s compliance with IRC, including closed fundsSEC and prospectus requirements; (ix) Prepare, coordinate with the Fund’s counsel and appropriate extensions after review coordinate the filing with the SEC: annual (or more frequent as the case may be) Post-Effective Amendments to the Fund’s Registration Statement and approval supplements to, or revisions of, the Portfolio’s prospectus and statement of additional information; semi-annual reports on Form N-SAR and Form N-CSR; Form N-Q; and Form N-PX based upon information provided by the Fund; (x) Prepare and coordinate the Fund’s state notice filings. (xi) Assist in the preparation of notices of meetings of shareholders; (xii) Assist in obtaining the fidelity bond and trustees’ and officers’/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund’s independent registered public accounting firmBoard of Trustees; (xiii) Monitor the Fund’s assets to assure adequate fidelity bond coverage is maintained; (xiv) Draft agendas and resolutions for quarterly and special board meetings; (xv) PrepareCoordinate the preparation, execute, assembly and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firmmailing of board materials; (xvi) Prepare annual tax provisions Attend board meetings and financial tax disclosuresdraft minutes thereof; (xvii) Prepare tax cost for semi-annual Maintain the Fund’s calendar to assure compliance with various filing and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustmentsboard approval deadlines; (xviii) Prepare dividend calculationsFurnish the Fund office space in the offices of Highland, including accompanying analysis and earnings summary or in accordance with applicable policy (such other place or places as such policy is provided in writing by VP Distributors may be agreed upon from time to PNC)time, and maintain dividend historyall necessary office facilities, simple business equipment, supplies, utilities and telephone service for managing the affairs and investments of the Fund; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting Assist the Fund in the handling of SEC examinations and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles;responses thereto; and (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, Perform such additional administrative duties relating to the extent available to PNC, survey information when administration of the Fund as may subsequently be agreed upon in writing between the Fund and in the form requestedHighland.

Description of Administration Services on a Continuous Basis. (a) PNC Highland will perform the following administration services with respect to each Portfolioservices: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio portfolio and Fund statistical data as requested on an ongoing basis; (iviii) Prepare for execution and ensure file the filing of the Funds’ annual Fund's Federal and semi-annual reports state tax returns: prepare a fiscal tax provision in coordination with the SEC on Forms N-SAR annual audit; prepare an excise tax provision; and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Qprepare all relevant 1099 calculations; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viiiiv) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xiiv) Coordinate printing and mailing of the Fund's annual and semi-annual shareholder reports; (vi) Prepare income and capital gain distributions; (vii) Prepare the semiannual and annual financial statements; (viii) Monitor the Fund's compliance with IRC, SEC and prospectus requirements; (ix) Prepare, coordinate with the Fund's counsel and coordinate the filing with the SEC: Post-Effective Amendments to the Fund's Registration Statement; semi-annual reports on Form N-SAR and Form N-CSR; Form N-Q; and Form N-PX based upon information provided by the Fund; (x) Assist in the preparation of notices of meetings of shareholders; (xi) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's Board of Managers; (xii) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xiii) Prepare reports Draft agendas and resolutions for Fund Boards quarterly and attend Board meetings when and as requestedspecial board meetings; (xiv) PrepareCoordinate the preparation, execute, assembly and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firmmailing of board materials; (xv) Prepare, execute, Attend board meetings and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firmdraft minutes thereof; (xvi) Prepare annual tax provisions Maintain the Fund's corporate calendar to assure compliance with various filing and financial tax disclosuresboard approval deadlines; (xvii) Prepare tax cost for semi-annual Assist the Fund in the handling of SEC examinations and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments;responses thereto; and (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (Perform such additional administrative duties relating to the administration of the Fund as such policy is provided may subsequently be agreed upon in writing by VP Distributors to PNC), between the Fund and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedHighland.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar to assure compliance with various SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-SAR or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Acx xx 0000, XXXC will provide (to such person or entity as agreed between the Fund and PFPC) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and PFPC from time to time. PFPC shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Acx xx 0000 xx xnder any other regulatory requirement; and (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requested.

Description of Administration Services on a Continuous Basis. (a) PNC RSMC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports 's Federal and state tax returns; (v) Prepare and file the Fund's Semi Annual Reports with the SEC on Form N-Q; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement;SAR. (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s 's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvii) Prepare and file with the SEC the Fund's annual, semi-Chapter M”)annual, and quarterly shareholder reports; (viii) Monitor sales of the Fund's shares and assure that the Fund has properly registered such shares with the SEC and applicable state authorities; (ix) Prepare, coordinate with the Fund's counsel and file with the SEC Post-Effective Amendments to the Fund's Registration Statement, prepare reports to the SEC including, the preparation and filing of (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (x) Assist in the preparation and filing with the SEC of notices of Annual or Special Meetings of Shareholders and Proxy materials relating to such meetings; (xi) Assist in obtaining and filing with the SEC the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's Board of Trustees; (xii) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xiii) Draft agendas, resolutions and materials for quarterly and special Board meetings; (xiv) Coordinate the preparation, assembly and mailing of Board materials; (xv) Maintain the Fund's corporate calendar to assure compliance with various filing and Board approval deadlines; (xvi) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost and monitor an expense budget for semi-annual and Form N-Q filings updated each Series, including accruals for current year-to-date wash sales and prior year known Schedule M adjustmentseach category of expenses; (xviii) Prepare dividend calculations, including accompanying analysis Determine the amount of dividends and earnings summary in accordance with applicable policy (other distributions payable to shareholders as such policy is provided in writing by VP Distributors necessary to PNC), and maintain dividend historythe qualification as a regulated investment company of each Series of the Fund under the Code; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such Provide personnel to serve as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles;officers of the Fund if so elected by the Trustees; and (xx) Monitor Maintain and propose procedures as needed for tax considerations in monitor the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, Fund's compliance with the amounts and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedconditions of each state qualification.

Description of Administration Services on a Continuous Basis. (a) PNC Highland will perform the following administration services with respect to each Portfolioservices: (i) Prepare quarterly broker security transactions summaries; (iia) Prepare monthly security transaction listings; (iiib) Supply, in the form requested, Supply various normal and customary Portfolio and Fund Trust statistical data as requested on an ongoing basis; (ivc) Prepare for execution and ensure file the filing of the Funds’ annual Trust’s Federal and semi-annual reports state tax returns; prepare a fiscal tax provision in coordination with the SEC on Forms N-SAR annual audit; prepare an excise tax provision; and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Qprepare all relevant 1099 calculations; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viiid) Coordinate contractual relationships and communications between the Funds Trust and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xiie) Coordinate printing and mailing of the Trust’s annual and semi-annual shareholder reports; (f) Prepare income and capital gain distributions; (g) Prepare the semiannual and annual financial statements; (xiiih) Prepare reports for Fund Boards Monitor the Trust’s compliance with Internal Revenue Code, SEC and attend Board meetings when and as requestedProspectus requirements; (xivi) Prepare, execute, coordinate with the Trust’s counsel and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by coordinate the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by filing with the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for SEC: semi-annual reports on Form N-SAR and Form N-Q CSR; Form N-Q; and Form N-PX based upon information provided by the Trust, assist in the preparation of Forms 3, 4 and 5 pursuant to Section 16 of the Securities Exchange Act of 1934, as amended, and Section 30(h) of the 1940 Act for the officers and trustees of the Trust, such filings updated for current year-to-date wash sales and prior year known Schedule M adjustmentsto be based on information provided by those persons; (xviiij) Prepare dividend calculations, including accompanying analysis Assist in the preparation of notices of meetings of shareholders; (k) Assist in obtaining the fidelity bond and earnings summary trustees’ and officers’/errors and omissions insurance policies for the Trust in accordance with applicable policy (the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such policy is provided in writing bond and policies are approved by VP Distributors to PNC), and maintain dividend historythe Trust’s Board of Trustees; (xixl) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangiblesMonitor the Trust’s assets to assure adequate fidelity bond coverage is maintained; (xxm) Monitor Draft agendas and propose procedures as needed resolutions for tax considerations quarterly and special board meetings; (n) Coordinate the preparation, assembly and distribution of board materials; (o) Attend board meetings and draft minutes thereof; (p) Maintain the Trust’s calendar to assure compliance with various filing and board approval deadlines; (q) Furnish the Trust office space in the following areas: corporate actionsoffices of Highland, consent income, bad debt/restructurings, new instruments, premium amortizationor in such other place or places as may be agreed upon from time to time, and legislation all necessary office facilities, simple business equipment, supplies, utilities and industry developments telephone service for managing the affairs and investments of the Trust; (r) Assist the Trust in the handling of SEC examinations and responses thereto; (s) Perform clerical, bookkeeping and all other administrative services not provided by the Trust’s other service providers; (t) Determine or oversee the determination and publication of the Trust’s net asset value in accordance with the Trust’s policy as adopted from time to time by the Board of Trustees; (u) Oversee the maintenance by the Trust’s custodian and transfer agent and dividend disbursing agent of certain books and records of the Trust as required under Rule 31a-1(b)(2)(iv) of the 1940 Act and maintain (or oversee maintenance by such other persons as approved by the Board of Trustees) such other books and records required by law or for the proper operation of the Trust; (v) Prepare such information and reports as may be required by any stock exchange or exchanges on an ad hoc basiswhich the Trust’s shares are listed; (w) Determine the amounts available for distribution as dividends and distributions to be paid by the Trust to its shareholders; prepare and arrange for the printing of dividend notices to shareholders; and provide the Trust’s dividend disbursing agent and custodian with such information as is required for such parties to effect the payment of dividends and distributions and to implement the Trust’s dividend reinvestment plan; (x) Serve as liaison between the Trust and each of its service providers; and (xxiy) Prepare and deliver, Perform such additional administrative duties relating to the extent available to PNC, survey information when administration of the Trust as may subsequently be agreed upon in writing between the Trust and in the form requestedHighland.

Description of Administration Services on a Continuous Basis. (a) PNC Highland will perform the following administration services with respect to each Portfolioservices: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio portfolio and Fund statistical data as requested on an ongoing basis; (iviii) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports Federal and state tax returns: prepare a fiscal tax provision in coordination with the SEC on Form N-Qannual audit; prepare an excise tax provision; and prepare all relevant 1099 calculations; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viiiiv) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xiiv) Coordinate printing and mailing of the Fund’s annual and semi-annual shareholder reports; (vi) Prepare income and capital gain distributions; (vii) Prepare the semiannual and annual financial statements; (viii) Monitor the Fund’s compliance with IRC, SEC and prospectus requirements; (ix) Prepare, coordinate with the Fund’s counsel and coordinate the filing with the SEC: Post-Effective Amendments to the Fund’s Registration Statement and supplements to or revisions of the Fund’s prospectus and statement of additional information; Quarterly Repurchase Offer Filings on Form N-23c-3; semi-annual reports on Form N-SAR and Form N-CSR; Form N-Q; and Form N-PX based upon information provided by the Fund; (x) Assist in the preparation of notices of meetings of shareholders, coordinate preparation of proxy statements, including obtaining information required to be disclosed by applicable regulations and the engagement of proxy solicitors on behalf of the Fund; (xi) Assist in obtaining the fidelity bond and trustees’ and officers’/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act, including evaluation of insurance carriers, recommending appropriate coverage levels and evaluating the costs thereof, as such bond and policies are approved by the Fund’s Board of Trustees; (xii) Monitor the Fund’s assets to assure adequate fidelity bond coverage is maintained; (xiii) Prepare reports Draft agendas and resolutions for Fund Boards quarterly and attend Board meetings when and as requestedspecial board meetings; (xiv) PrepareCoordinate the preparation, executeassembly and mailing of board materials; (xv) Attend board meetings and draft minutes thereof; (xvi) Maintain the Fund’s corporate calendar to assure compliance with various filing and board approval deadlines; (xvii) Assist the Fund in the handling of SEC examinations and responses thereto; (xviii) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund’s Form N-CSR or Form N-Q filing pursuant to regulations promulgated by the SEC under Section 302 of the Xxxxxxxx-Xxxxx Act of 2002, Highland will provide (to such person or entity as agreed between the Fund and Highland) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and Highland from time to time. Highland shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Xxxxxxxx-Xxxxx Act of 2002 or under any other regulatory requirement; (xix) Prepare and coordinate the Fund’s state notice filings; (xx) Furnish the Fund office space in the offices of Highland, or in such other place or places as may be agreed from time to time, and file all necessary office facilities, simple business equipment, supplies, utilities and telephone service for managing the administrative affairs of the Fund; (xxi) Perform clerical, bookkeeping and other administrative services not provided by the Fund’s other service providers; (xxii) Determine or oversee the determination and publication of the Fund’s net asset value in accordance with the Fund’s policies as adopted from time to time by the Board of Trustees; (xxiii) Oversee the maintenance by the Fund’s custodian and transfer agent and dividend disbursing agent of certain books and records of the Fund as required under Rule 31a-1(b)(2)(iv) of the 1940 Act and maintain (or oversee maintenance by such other persons as approved by the Board of Trustees) such other books and records required by law or for the proper operation of the Fund; (xxiv) Determine the amounts available for distribution as dividends and distributions to be paid by the Fund to its shareholders; calculate, analyze and prepare a detailed income analysis and forecast future earnings for presentation to the Board of Trustees; prepare and arrange for the printing of dividend notices to shareholders, as applicable; and provide the Fund’s dividend disbursing agent and custodian with such information as is required for such parties to effect the payment of dividends and distributions and to implement the Fund’s dividend reinvestment plan; (xxv) Serve as liaison between the Fund and each Portfolio’s Federal of its service providers; (xxvi) Assist in monitoring and state tax returnstracking the daily cash flows of the individual assets of the Fund, as well as security position data of portfolio investments; assist in resolving any identified discrepancies with the appropriate third party, including closed fundsthe Fund’s custodian, administrative agents and other service providers, through various means including researching available data via agent notices, financial news and data services, and appropriate extensions after review other sources. (xxvii) Monitor compliance with leverage tests under the Fund’s credit facility, and approval by communicate with leverage providers and rating agencies; (xxviii) Coordinate negotiation and renewal of credit agreements for presentation to the Board of Trustees; (xxix) Coordinate negotiations of agreements with counterparties and the Fund’s custodian for derivatives, short sale and similar transactions, as applicable; (xxx) Provide assistance with the settlement of trades of portfolio securities; (xxxi) Coordinate and oversee the provision of legal services to the Fund; (xxxii) Cooperate with the Fund’s independent registered public accounting firmfirm in connection with audits and reviews of the Fund’s financial statements, including interviews and other meetings, and provide necessary information and coordinate confirmations of bank loans and other assets for which custody is not through DTC, as necessary; (xvxxxiii) PrepareProvide Secretary and any Assistant Secretaries, execute, Treasurer and file each Portfolio’s federal excise returns any Assistant Treasurers and other officers for the Fund as requested; (Form 8613xxxiv) after review Develop or assist in developing guidelines and approval procedures to improve overall compliance by the Fund’s independent registered public accounting firm; (xvixxxv) Prepare annual tax provisions Investigate and financial tax disclosuresresearch customer and other complaints to determine liability, facilitate resolution and promote equitable treatment of all parties; (xviixxxvi) Prepare tax cost Determine and monitor expense accruals for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustmentsthe Fund; (xviiixxxvii) Prepare dividend calculations, including accompanying analysis Authorize expenditures and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend historyapprove bills for payment on behalf of the Fund; (xixxxxviii) Prepare required disclosures for shareholder reportingMonitor the number of shares of the Fund registered and assist in the registration of additional shares, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangiblesnecessary; (xxxxxix) Monitor and propose procedures Prepare such reports as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basisBoard of Trustees of the Fund may request from time to time; and (xxixl) Prepare and deliver, Perform such additional administrative duties relating to the extent available to PNCadministration of the Fund as may subsequently be agreed upon in writing between the Fund and Highland. Except as expressly set forth above, survey information when the Agreement will remain in full force and in the form requestedeffect.

Description of Administration Services on a Continuous Basis. (a) PNC The Administrator will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-QFederal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund’s financial statements for its annual and semi-Chapter M”annual shareholder reports, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Fund providing the voting records in the format required by the Administrator); (vii) Prepare and coordinate the filing of annual Post-Effective Amendments to the Fund’s Registration Statement (not including the creation of a series or class); prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (viii) Coordinate contractual relationships Administratively assist in obtaining the fidelity bond and communications between directors’ and officers’/errors and omissions insurance policies for the Funds and their contractual service providersFund; (ix) Prepare expense budgets, accrual review Draft agendas (with final selection of agenda items being made by Fund counsel) and expense reports as neededresolutions for quarterly board meetings; (x) Provide read-only on-line access to accounting system as requestedCoordinate the assembly and mailing of board materials for quarterly board meetings; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, Attend quarterly board meetings and cash activity as specifieddraft minutes thereof; (xii) Coordinate printing Provide compliance policies and mailing of annual procedures related to services provided by the Administrator and, if mutually agreed, certain Administrator affiliates, summary procedures thereof and semi-annual financial statements;periodic certification letters with respect thereto; and (xiii) Prepare reports Maintain a regulatory calendar for the Fund Boards listing various SEC filing and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after board approval deadlines. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC The Administrator will perform the following administration services if required or as applicable with respect to each Portfoliothe Funds: (i) Prepare quarterly broker security transactions summaries;Supply various normal and customary Fund statistical data as requested on an ongoing basis (ii) Prepare monthly security transaction listings; (iii) Supply, Assist in the form requested, various customary Portfolio preparation and Fund statistical data on an ongoing basis; (iv) Prepare coordinate the printing of the Fund’s Annual and ensure Semi-Annual Shareholder Reports; coordinate the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports same with the SEC on Form N-QSAR via XXXXX; (iii) Assist in the preparation and coordinate the filing of the Form N-Q with the SEC via XXXXX; (iv) Coordinate with the Fund’s counsel the preparation of and coordinate the filing of: annual Post-Effective Amendments to the Fund’s Registration Statement (if needed); Form N-CSR and Form N-PX (provided that the Fund’s voting records are delivered to the Administrator in the format required by the Administrator and the Administrator is not responsible for maintaining the Fund’s voting records); (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or Administratively assist in obtaining the preparation of) fidelity bond and ensure directors’ and officers’/errors and omissions insurance policies for the filing of (or coordinate filing of, as may be mutually agreed) such other reports Fund in accordance with the SEC requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as may be required such bond and policies are approved by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this AgreementFund’s Governing Board; (vi) Assist in the preparation Draft agendas (with final selection of registration statements agenda items being made by Fund counsel) and other filings relating to the registration of Sharesresolutions for quarterly board meetings; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”)Assemble and mail board materials for quarterly board meetings; (viii) Coordinate contractual relationships Attend quarterly board meetings and communications between the Funds and their contractual service providersdraft minutes thereof; (ix) Prepare expense budgets, accrual review Maintain the Fund’s corporate calendar listing various SEC filing and expense reports as neededboard approval deadlines; (x) Provide read-only on-line access to accounting system as requestedAdministratively assist the Fund in providing Fund documents in the possession of the Administrator for SEC examinations; (xi) Provide electronic transmissions If the chief executive officer or chief financial officer of holdingsthe Fund is required to provide a certification as part of the Fund’s Form N-CSR or Form N-Q filing pursuant to regulations promulgated by the SEC under Section 302 of the Xxxxxxxx-Xxxxx Act of 2002, transactionsthe Administrator will provide (to such person or entity as agreed between the Fund and the Administrator) a sub-certification in support of certain matters set forth in the aforementioned certification, security mastersuch sub-certification to be in such form and relating to such matters as agreed between the Fund and the Administrator from time to time, general ledgerthe Administrator shall be required to provide the sub-certification only during the terms of this Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, NAV, security pricing data, and cash activity as specifiedthe sub-certification is not itself a certification under the Xxxxxxxx-Xxxxx Act of 2002 or under any other regulatory requirement; (xii) Coordinate printing Provide compliance policies and mailing of procedures related to certain services provided by the Administrator and, if mutually agreed, certain the Administrator affiliates, summary procedures thereof and an annual and semi-annual financial statements;certification letter; and (xiii) Prepare reports Perform such additional administrative duties relating to the administration of the Fund upon such terms and conditions and for such fees as may subsequently be agreed upon in writing between the Fund Boards and attend Board meetings when and as requested;the Administrator. (xiv) Prepare, execute, Assist Fund's counsel and file each Portfolio’s Federal Fund management with the preparation of Schedule TO and state tax returns, including closed funds, amendments thereto and appropriate extensions after coordinate the filing thereof with the Fund's financial printer. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC The Administrator will perform the following administration services with respect to each Portfolioservices: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iii) Coordinate with the Adviser contractual relationships and communications between the Fund and its contractual service providers; (iv) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports 's Annual and Semi-Annual Reports with the SEC on Form N-QSAR via XXXXX; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Coordinate with the Adviser the preparation of) and ensure printing of the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC Fund's annual and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement;semi-annual shareholder reports; and (vi) Assist in the preparation of registration statements and other filings Perform such additional administrative duties relating to the registration administration of Shares;the Fund as may subsequently be agreed upon in writing between the Fund and the Administrator. (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M Provide such fund accounting and financial reports in connection with quarterly meetings of the Internal Revenue Code Board of 1986, Managers as amended (“Sub-Chapter M”)are required or as the Board may reasonably request; (viii) Coordinate contractual relationships Manage the tender offer process, including coordinating with outside service provider to distribute tender offers, track shareholder responses and communications between the Funds and their contractual service providerstabulate tender offer results; (ix) Prepare expense budgetsProvide individuals to serve as officers of the Fund, accrual review and expense reports as neededrequested; (x) Provide read-only on-line access to accounting system as requestedCoordinate with the Fund's counsel on drafting, reviewing and filing registration statements and tender offers, and coordinate printing and delivery of prospectus and tender offers; (xi) Provide electronic transmissions Coordinate the Fund's Board of holdingsMangers' schedule, transactions, security master, general ledger, NAV, security pricing dataagenda and production of Board meeting materials, and cash activity as specifiedattend Board meetings (if requested); (xii) Coordinate printing Provide consultation to the Fund and mailing its Adviser on regulatory matters relating to the operation of annual the Fund, and semi-annual financial statementsupdate the Fund and its Adviser on significant regulatory and legislative developments which may affect the Fund; (xiii) Prepare reports for Develop or assist legal counsel to the Fund Boards in the development of policies and attend Board meetings when and as requestedprocedures relating to the operation of the Fund; (xiv) PrepareAct as liaison to legal counsel to the Fund and, executewhere applicable, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by to legal counsel to the Fund’s 's independent registered public accounting firmMangers; (xv) PrepareCoordinate the preparation, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by execution of contracts between the Fund’s independent registered public accounting firmFund and third parties; (xvi) Prepare annual tax provisions Assist the Fund in handling and financial tax disclosuresresponding to routine regulatory examinations with respect to records retained or services provided by the Administrator, and coordinate with the Fund's legal counsel in responding to any non-routine regulatory matters with respect to such matters; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance Coordinate as necessary the registration or qualification of Interests of the Fund with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedappropriate state securities authorities.

Description of Administration Services on a Continuous Basis. (a) PNC The Sub-Administrator will perform the following administration services if required with respect to each Portfolioportfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund fund statistical data as requested on an ongoing basis; (iviii) Prepare and ensure the filing of the Funds’ annual and semi-annual reports Coordinate with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Q; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viii) Coordinate Adviser contractual relationships and communications between the Funds and their its contractual service providers; (iv) Prepare and file each Fund's Annual and Semi-Annual Reports with the SEC on Form N-SAR via EDGAR; (v) Coordinate with txx Xxministrator with respect to the printing and mailing of each Fund's annual and semi-annual shareholder reports; and (vi) Provide such fund accounting and financial reports in connection with quarterly meetings of the Board of Directors as are required or as the Board may reasonably request; (vii) Manage the tender offer process, including distribute tender offers, track shareholder responses and tabulate tender offer results; (viii) Provide individuals to serve as officers of the Fund, as requested; (ix) Prepare expense budgetsCoordinate with the Funds' counsel on reviewing and filing registration statements and tender offers, accrual review and expense reports as neededcoordinate printing and delivery of prospectus and tender offers; (x) Provide read-only on-line access to accounting system as Coordinate the Funds' Board of Director's schedule, agenda and production of Board meeting materials, and attend Board meetings (if requested); (xi) Provide electronic transmissions Coordinate the preparation, review and execution of holdings, transactions, security master, general ledger, NAV, security pricing data, contracts between the Funds and cash activity as specifiedthird parties; (xii) Coordinate printing and mailing as necessary the registration or qualification of annual and semi-annual financial statementsInterests of each Fund with appropriate state securities authorities; (xiii) Prepare reports for Fund Boards and attend Board meetings when and Perform such additional administrative duties relating to the administration of the Funds as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided may subsequently be agreed upon in writing by VP Distributors to PNC), between the Administrator and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099the Sub-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedAdministrator.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar to assure compliance with various SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-SAR or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Axx xx 0000, XXPC will provide (to such person or entity as agreed between the Fund and PFPC) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and PFPC from time to time. PFPC shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Axx xx 0000 xx under any other regulatory requirement; and (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requested.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each PortfolioFund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and Monitor the Fund’s quarterly reports with the SEC on Form N-Q; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s 's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended, incorporating information provided by the Manager and forward results for quarterly auditor review; (“Subv) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vi) Prepare and coordinate with the Fund's counsel and coordinate the filing of annual Post-Effective Amendments to the Trust's Registration Statement, prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (vii) Administratively assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Trust's Board of Trustees; (viii) Coordinate contractual relationships Draft agendas and communications between the Funds and their contractual service providersresolutions for quarterly board meetings; (ix) Prepare expense budgetsCoordinate the preparation, accrual review assembly and expense reports as neededmailing of board materials for quarterly board meetings; (x) Provide read-only on-line access to accounting system as requestedAttend quarterly board meetings and draft minutes thereof; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, Maintain the Fund's corporate calendar listing various SEC filing and cash activity as specifiedboard approval deadlines; (xii) Coordinate printing Monitor the Fund's compliance with the amounts and mailing conditions of annual and semi-annual financial statements;each state qualification; and (xiii) Prepare reports Monitor, on a weekly basis, the Fund's compliance with quantitative requirements set forth in the 1940 Act and in the Fund's prospectus and Statement of Additional Information based upon information in the fund accounting records and incorporating information provided by the Manager and forward results for Fund Boards Manager review, including those relating to diversification, concentration limitations, investments in other investment companies, fund name rule, leverage and attend Board meetings when and as requested; (xiv) Preparesenior securities, executeliquidity requirements, and file each Portfolio’s Federal and state tax returnsinvestments in firms with significant (i.e., including closed funds, and appropriate extensions after representing more than 15% of gross revenues) "securities-related activities." All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-QFederal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund’s financial statements for its annual and semi-Chapter M”annual shareholder reports, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Fund providing the voting records in the format required by PNC); (vii) Prepare and coordinate the filing of annual Post-Effective Amendments to the Fund’s Registration Statement; prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (viii) Coordinate contractual relationships Administratively assist in obtaining the fidelity bond and communications between directors’ and officers’/errors and omissions insurance policies for the Funds Fund in accordance with the requirements of Rule 17g-1 and their contractual service providers17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund’s Board of Trustees; (ix) Prepare expense budgets, accrual review Draft agendas (with final selection of agenda items being made by Fund counsel) and expense reports as neededresolutions for quarterly board meetings; (x) Provide read-only on-line access Upon request, attend Board meetings and provide reports of the services provided by PNC to accounting system as requestedthe Fund; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, Assemble and cash activity as specifiedmail board materials for quarterly board meetings; (xii) Coordinate printing Attend quarterly board meetings and mailing of annual and semi-annual financial statementsdraft minutes thereof; (xiii) Prepare reports Maintain a regulatory calendar for the Fund Boards listing various SEC filing and attend Board meetings when and as requested;board approval deadlines; and (xiv) PrepareProvide compliance policies and procedures related to services provided by PNC and, executeif mutually agreed, certain PNC affiliates, summary procedures thereof and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after an annual certification letter. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC Highland will perform the following administration services with respect to each Portfolioservices: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund Trust statistical data as requested on an ongoing basis; (iviii) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Q; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viii) Coordinate contractual relationships and communications between the Funds and their contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, execution and file each Portfolio’s Federal and state tax returns; prepare a fiscal tax provision in coordination with the annual audit; prepare an excise tax provision; and prepare all relevant 1099 calculations; (iv) Coordinate contractual relationships and communications between the Trust and its contractual service providers; (v) Coordinate printing of each Portfolio’s annual and semi-annual shareholder reports; (vi) Prepare income and capital gain distributions; (vii) Prepare the semiannual and annual fmancial statements; (viii) Monitor the Trust’s and/or each Portfolio’s compliance with IRC, including closed fundsSEC and prospectus requirements; (ix) Prepare, coordinate with the Trust’s counsel and appropriate extensions after review coordinate the filing with the SEC: annual (or more frequent as the case may be) Post-Effective Amendments to the Trust’s Registration Statement and approval supplements to, or revisions of, each Portfolio’s prospectus(es) and statement of additional information; semi-annual reports on Form N-SAR and Form N-CSR; Form N-Q; and Form N-PX based upon information provided by the FundTrust; (x) Prepare and coordinate the Trust’s independent registered public accounting firmstate notice filings. (xi) Assist in the preparation of notices of meetings of shareholders; (xii) Assist in obtaining the fidelity bond and trustees’ and officers’/errors and omissions insurance policies for the Trust in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Trust’s Board of Trustees; (xiii) Monitor the Trust’s assets to assure adequate fidelity bond coverage is maintained; (xiv) Draft agendas and resolutions for quarterly and special board meetings; (xv) PrepareCoordinate the preparation, execute, assembly and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firmmailing of board materials; (xvi) Prepare annual tax provisions Attend board meetings and financial tax disclosuresdraft minutes thereof; (xvii) Prepare tax cost for semi-annual Maintain the Trust’s calendar to assure compliance with various filing and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustmentsboard approval deadlines; (xviii) Prepare dividend calculationsFurnish the Trust office space in the offices of Highland, including accompanying analysis and earnings summary or in accordance with applicable policy (such other place or places as such policy is provided in writing by VP Distributors may be agreed upon from time to PNC)time, and maintain dividend historyall necessary office facilities, simple business equipment, supplies, utilities and telephone service for managing the affairs and investments of the Trust; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting Assist the Trust in the handling of SEC examinations and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles;responses thereto; and (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, Perform such additional administrative duties relating to the extent available to PNC, survey information when administration of the Trust as may subsequently be agreed upon in writing between the Trust and in the form requestedHighland.

Description of Administration Services on a Continuous Basis. (a) PNC The Sub-Administrator will perform the following administration services if required with respect to each Portfolioportfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund fund statistical data as requested on an ongoing basis; (iviii) Prepare and ensure the filing of the Funds’ annual file each Fund's Annual and semiSemi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports Annual Reports with the SEC on Form N-QSAR via EDGAR; (iv) Coordixxxx with the Administrator with respect to the printing and mailing of each Fund's annual and semi-annual shareholder reports; and (v) If mutually agreed by PNC Provide such fund accounting and VP Distributors financial reports in writing, prepare (connection with quarterly meetings of the Board of Directors as are required or assist in as the preparation of) and ensure the filing of (or coordinate filing of, as Board may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreementreasonably request; (vi) Assist in Manage the preparation of registration statements tender offer process, including distribute tender offers, track Member responses and other filings relating to the registration of Sharestabulate tender offer results; (vii) Monitor each Portfolio’s status Provide individuals to serve as a regulated investment company under Sub-chapter M officers of the Internal Revenue Code of 1986Funds, as amended (“Sub-Chapter M”)requested; (viii) Coordinate contractual relationships with the Funds' counsel on reviewing and communications between the Funds filing registration statements and their contractual service providerstender offers, and coordinate printing and delivery of prospectus and tender offers; (ix) Prepare expense budgetsCoordinate the Funds' Board of Director's schedule, accrual review agenda and expense reports as neededproduction of Board meeting materials, and attend Board meetings (if requested); (x) Provide read-only on-line access to accounting system as requestedCoordinate the preparation, review and execution of contracts between the Funds and third parties; (xi) Provide electronic transmissions Coordinate as necessary the registration or qualification of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified;Interests of each Fund with appropriate state securities authorities. (xii) Coordinate printing Provide compliance services for the Funds as follows: a) Provide back-end, quantitative compliance testing as mutually agreed to by the Administrator and mailing of annual Sub-Administrator from time to time; provided, however, that the Administrator acknowledges that the sub-advisers are responsible for ensuring the Funds' compliance with the 1940 Act and semithe investment policies and restrictions listed in the Funds' prospectuses; b) Research and report compliance exceptions to such persons as the Administrator directs; c) Collect and report to the Administrator and the Board on a quarterly basis information related to transactions reportable under the 1940 Act and Fund procedures; d) Provide 1940 Act portfolio compliance training for the Funds' investment advisers and compliance personnel once a year at the Sub-annual financial statements;Administrator's headquarters or such other place as the parties may agree. (xiii) Prepare reports Provide anti-money laundering compliance and recordkeeping services for Fund Boards the Funds as required by the Funds' Anti-Money Laundering ("AML") Program and attend Board meetings when and as requested;applicable regulatory requirements. These services include: (xiva) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary Verify Member identity upon opening new accounts in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), Section 326 of the Act and maintain dividend history;any regulations thereunder. (xixb) Prepare Monitor Member transactions and identify and report suspicious activities that are required disclosures for shareholder reportingto be so identified and reported, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles;in each case consistent with the Funds' AML Programs. (xxc) Monitor Submit all financial transactions through the Office of Foreign Asset Control ("OFAC") database and propose procedures as needed for tax considerations in FinCEN's (formerly the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, Securities and legislation and industry developments on an ad hoc basis; and (xxiExchange Commission's) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedControl List.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services if required with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transaction summaries including principal and agency transactions summariesand related commissions if applicable; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare and ensure Provide to the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Qextent contained in accounting records materials required for board reporting as may be requested from time to time; (v) If mutually agreed by PNC Prepare for execution and VP Distributors in writingfile on a timely basis, prepare (or assist in the preparation of) Fund's Federal Form 1065, state tax returns and ensure the filing of (or coordinate filing ofIRS Form 5471, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreementif applicable; (vi) Assist in the preparation of registration statements and other filings relating for submission to the registration of SharesSEC; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of Transmit or otherwise send, to the Internal Revenue Code of 1986extent practicable and feasible, as amended (“Sub-Chapter M”)requested detailed information related to the Members, including admission details, income, capital gains and losses, and performance detail; (viii) Mail Fund offering materials to prospective investors; (ix) Mail any quarterly reports to the Adviser and Semi-Annual Financial Statements to Members as well as any other necessary correspondence to the extent pertaining to investment or other related activities of the Fund; (x) Coordinate the SEC filing of the Fund's Form N-SAR and annual and semi-annual shareholder reports; (xi) Copy the Manager on routine correspondence sent to Members; (xii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Maintain certain bank accounts of the Fund Boards which are authorized by the Fund and attend Board meetings when and as requestedagreed to by PFPC; (xiv) PrepareDraft agendas, execute, resolutions and file each Portfolio’s Federal materials for regular and state tax returns, including closed funds, special Board meetings and appropriate extensions after review and approval by draft written consents of the Fund’s independent registered public accounting firmBoard; (xv) PrepareCoordinate the preparation, execute, assembly and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firmmailing of materials for all Board meetings; (xvi) Prepare annual tax provisions Attend Board meetings and financial tax disclosuresdraft minutes thereof; (xvii) Prepare tax cost for semi-annual Maintain the Fund's corporate calendar to assure compliance with various SEC and Form N-Q other filings updated for current year-to-date wash sales and prior year known Schedule M adjustmentsBoard approval deadlines; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance coordinate with applicable policy (as the Fund's counsel Post-Effective Amendments to the Fund's Registration Statement and coordinate with the Fund's financial printer to file such policy is provided in writing by VP Distributors to PNC), and maintain dividend historyAmendments with the SEC; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting Assist in the preparation of notices of Annual or Special Meetings of Members and supporting Proxy materials relating to such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangiblesmeetings; (xx) Monitor Assist in obtaining the fidelity bond and propose procedures directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as needed for tax considerations in such bond and policies are approved by the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requested.Fund's Board of Managers;

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services if required with respect to each Portfolioportfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund Partnership statistical data as requested on an ongoing basis; (iviii) Prepare for execution and ensure file the filing of the Funds’ annual Partnership's Federal Form 1065 and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Qstate tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viiiiv) Coordinate contractual relationships and communications between the Funds Partnership and their its contractual service providers; (v) Prepare and file the Partnership's Annual and Semi-Annual Reports with the SEC on Form N-SAR via XXXXX; (vi) Coordinate printing of the Partnership's annual and semi-annual shareholder reports; and (vii) Prepare and coordinate with the Partnership's counsel and Partnership management Post-Effective Amendments to the Partnership's Registration Statement on Form N-2, as needed, and coordinate the filing with the Partnership's financial printer; (viii) Assist in the preparation of notices of annual meetings of shareholders and proxy materials relating to such meetings; (ix) Prepare expense budgets, accrual review Assist in obtaining the fidelity bond and expense reports directors' and officers'/errors and omissions insurance policies for the Partnership in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as neededsuch bond and policies are approved by the Partnership's Board of Directors; (x) Provide read-only on-line access Monitor the Partnership's assets to accounting system as requestedassure adequate fidelity bond coverage is maintained; (xi) Provide electronic transmissions Draft agendas and resolutions for quarterly Board meetings and draft written consents of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specifiedthe Board; (xii) Coordinate printing the preparation, assembly and mailing of annual and semi-annual financial statementsmaterials for quarterly Board meetings; (xiii) Prepare reports for Fund Boards and attend Attend quarterly Board meetings when and as requesteddraft minutes thereof; (xiv) Prepare, execute, Maintain a calendar to assure compliance with various SEC filing and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and Board approval by the Fund’s independent registered public accounting firmdeadlines; (xv) Prepare, execute, Assist the Partnership in the handling of SEC examinations and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firmresponses thereto; (xvi) Prepare annual tax provisions and financial tax disclosuresMaintain the Partnership's files; (xvii) Prepare tax cost Assist in preparing the documentation (including SEC filings) required for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments;periodic tender offers; and (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors Communicate significant regulatory developments to PNCthe Partnership on a quarterly basis. Exhibit 99(k)(1), and maintain dividend history; (xix) Prepare required disclosures for shareholder reportingAs instructed by the Partnership, including Form 1099-DIV reporting and supporting materials such as QDIPFPC shall provide tax estimates, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliverletter form, to investors. Such estimates shall be based solely on estimates and assumptions provided to PFPC by the extent available Partnership. PFPC shall have no responsibility to PNC, survey verify the accuracy or completeness of the information when and in provided by the form requestedPartnership.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar to assure compliance with various SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Acx xx 0000 xx xnder any other regulatory requirement; (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments;; and (xviii) Prepare dividend calculations, including accompanying analysis Monitor the Fund's compliance with the amounts and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedconditions of each state blue sky qualification.

Description of Administration Services on a Continuous Basis. (a) PNC will perform the following administration services if required or as applicable with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries;Supply various normal and customary Fund statistical data as requested on an ongoing basis (ii) Prepare monthly security transaction listings; (iii) Supply, Assist in the form requested, various customary Portfolio preparation and Fund statistical data on an ongoing basis; (iv) Prepare coordinate the printing of the Fund’s Annual and ensure Semi-Annual Shareholder Reports; coordinate the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports same with the SEC on Form N-QSAR via XXXXX; (iii) Assist in the preparation and coordinate the filing of the Form N-Q with the SEC via XXXXX; (iv) Coordinate with the Fund’s counsel the preparation of and coordinate the filing of: annual Post-Effective Amendments to the Fund’s Registration Statement (if needed); Form N-CSR and Form N-PX (provided that the Fund’s voting records are delivered to PNC in the format required by PNC and PNC is not responsible for maintaining the Fund’s voting records); (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or Administratively assist in obtaining the preparation of) fidelity bond and ensure directors’ and officers’/errors and omissions insurance policies for the filing of (or coordinate filing of, as may be mutually agreed) such other reports Fund in accordance with the SEC requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as may be required such bond and policies are approved by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this AgreementFund’s Governing Board; (vi) Assist in the preparation Draft agendas (with final selection of registration statements agenda items being made by Fund counsel) and other filings relating to the registration of Sharesresolutions for quarterly board meetings; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”)Assemble and mail board materials for quarterly board meetings; (viii) Coordinate contractual relationships Attend quarterly board meetings and communications between the Funds and their contractual service providersdraft minutes thereof; (ix) Prepare expense budgets, accrual review Maintain the Fund’s corporate calendar listing various SEC filing and expense reports as neededboard approval deadlines; (x) Provide read-only on-line access to accounting system as requestedAdministratively assist the Fund in providing Fund documents in the possession of PNC for SEC examinations; (xi) Provide electronic transmissions If the chief executive officer or chief financial officer of holdingsthe Fund is required to provide a certification as part of the Fund’s Form N-CSR or Form N-Q filing pursuant to regulations promulgated by the SEC under Section 302 of the Xxxxxxxx-Xxxxx Act of 2002, transactionsPNC will provide (to such person or entity as agreed between the Fund and PNC) a sub-certification in support of certain matters set forth in the aforementioned certification, security mastersuch sub-certification to be in such form and relating to such matters as agreed between the Fund and PNC from time to time, general ledgerPNC shall be required to provide the sub-certification only during the terms of this Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, NAV, security pricing data, and cash activity as specifiedthe sub-certification is not itself a certification under the Xxxxxxxx-Xxxxx Act of 2002 or under any other regulatory requirement; (xii) Coordinate printing Provide compliance policies and mailing of procedures related to certain services provided by PNC and, if mutually agreed, certain PNC affiliates, summary procedures thereof and an annual and semi-annual financial statementscertification letter; (xiii) Prepare reports Perform such additional administrative duties relating to the administration of the Fund upon such terms and conditions and for such fees as may subsequently be agreed upon in writing between the Fund Boards and attend Board meetings when and as requested;PNC. (xiv) Prepare, execute, Assist Fund's counsel and file each Portfolio’s Federal Fund management with the preparation of Schedule TO and state tax returns, including closed funds, amendments thereto and appropriate extensions after coordinate the filing thereof with the Fund's financial printer. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC BNYM will perform the following administration services with respect to each PortfolioSeries that is registered under the 1940 Act: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio Series and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-QFederal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Series’ status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund’s financial statements for its annual and semi-Chapter M”annual shareholder reports, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Fund providing the voting records in an acceptable SEC EDGARizable format); (vii) Prepare and coordinate the filing of annual Post-Effective Amendments to the Fund’s Registration Statement (not including the creation of a series or class); prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (viii) Coordinate contractual relationships Administratively assist in obtaining the fidelity bond and communications between directors’ and officers’/errors and omissions insurance policies for the Funds and their contractual service providersFund; (ix) Prepare expense budgetsDraft agendas (with final selection of agenda items being made by Fund counsel) and resolutions for quarterly board meetings, accrual review and expense reports for special meetings of the board as neededmay be requested by the Fund and agreed to by BNYM (which may require the payment of additional fees to BNYM); (x) Provide read-only on-line access Coordinate the assembly and mailing of board materials for quarterly board meetings, and for special meetings of the board as may be requested by the Fund and agreed to accounting system as requestedby BNYM (which may require the payment of additional fees to BNYM); (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, Attend quarterly board meetings and cash activity as specifieddraft minutes thereof; (xii) Coordinate printing Provide compliance policies and mailing of annual procedures related to services provided by BNYM and, if mutually agreed, certain BNYM affiliates, summary procedures thereof and semi-annual financial statementsperiodic certification letters; and make available, upon mutual agreement and to the extent reasonable, BNYM personnel for due diligence purposes to assist the Fund in its 38a-1 oversight responsibilities; (xiii) Prepare reports Maintain a regulatory calendar for the Fund Boards listing various SEC filing and attend Board meetings when and as requestedboard approval deadlines; (xiv) Prepare, execute, Maintain Fund records required under applicable Securities Laws and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval provide assistance with providing records in response to examinations of the Fund by the Fund’s independent registered public accounting firmany regulatory organization; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval If the chief executive officer or chief financial officer of the Fund is required to provide a certification pursuant to regulations promulgated by the Fund’s independent registered public accounting firm;SEC under Section 302 of the Xxxxxxxx-Xxxxx Act of 2002, BNYM will provide (to such person or entity as agreed between the Fund and BNYM) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and BNYM from time to time. BNYM shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Xxxxxxxx-Xxxxx Act of 2002 or under any other regulatory requirement (xvi) Prepare Provide, no more frequently than quarterly, certifications upon the reasonable request of the Fund’s chief compliance officer (the “CCO”) to enable the CCO to perform the annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (review of the Fund’s compliance program as such policy is provided in writing required by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in Rule 38a-1 of the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, 1940 Act. All regulatory services are subject to the extent available to PNC, survey information when review and in the form requestedapproval of Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare Perform tax services, including but not limited to, calculating wash sales, excise tax requirements, capital gains distributions and ensure the filing income distributions on a periodic or as needed basis; calculating year-end 1099-DIV redesignations, including QDI, QII, and FTC; preparing and reviewing of the Funds’ annual federal, state, and semi-annual reports with the SEC on Forms N-SAR excise tax returns; preparing and N-CSR recording ROCSOP entries; and the Fund’s quarterly reports with the SEC on Form N-Qproviding support to management for any fund structure changes; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing Provide access to fully automated compliance module for purposes of (or coordinate filing of, as may be mutually agreed) such other reports monitoring compliance with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended, the 1940 Act, and the Fund's registration statement. Also provide daily and monthly Rule 2a-7 testing, and agreed upon daily, monthly, or quarterly reporting summaries; (“Subvi) Prepare the Fund's annual and semi-Chapter M”annual shareholder reports, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Fund providing the voting records in the format required by PFPC) including creating and controlling production calendar and coordinating annual audit; (vii) Prepare and coordinate the filing of the Fund's annual Post-Effective Amendment to its Registration Statement; prepare and coordinate the filing of supplements to the Registration Statement, prospectus and SAI (not to exceed one supplement per quarter, of one page or less in length); prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR (ii) Forms 40-17G; and (iii) Notices pursuant to Rule 24f-2; (viii) Coordinate contractual relationships Administratively assist in obtaining the fidelity bond and communications between directors' and officers'/errors and omissions insurance policies for the Funds Fund in accordance with the requirements of Rule 17g-1 and their contractual service providers17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's Board of Trustees; (ix) Prepare expense budgetsDraft notices, accrual review agendas (with final selection of agenda items being made by Fund Counsel) and expense reports as neededresolutions for quarterly board meetings; (x) Provide read-only on-line access to accounting system Coordinate the preparation, assembly and mailing of board materials for quarterly board meetings, including but not limited to, coordinating schedule for quarterly board meetings; requesting and, when received, collating various board reports, including the reports of the investment manager, the distributor, the custodian, external auditors and others, as requestedrequired; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, Attend quarterly board meetings and cash activity as specifieddraft minutes thereof; (xii) Coordinate printing Provide compliance policies and mailing of procedures related to services provided by PFPC and, if mutually agreed, certain PFPC affiliates, summary procedures thereof and an annual and semi-annual financial statementscertification letter; (xiii) Prepare reports Maintain a regulatory calendar for the Fund Boards listing various SEC filing and attend Board meetings when and as requestedboard approval deadlines; (xiv) PrepareProvide fund performance information including pre- and post-tax and gross of fees, execute, on a daily basis or any required frequency; results delivered in electronic format; and file each Portfolio’s Federal transmit NAV and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firmperformance information for automatic population of client websites; (xv) Prepare, execute, Calculate and file each Portfolio’s federal excise returns (Form 8613) after review monitor the payment of dividends and approval by the Fund’s independent registered public accounting firmother distributions to shareholders; (xvi) Prepare annual tax provisions and financial tax disclosuresProvide periodic updates on recent, relevant regulatory events; (xvii) Prepare tax cost Provide such additional regulatory services upon such terms and for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustmentssuch fees as the parties hereto may agree in writing; (xviii) Prepare dividend calculationsBased on PFPC's knowledge of the industry, periodically consult with the Co-Administrator (on an as-needed basis but not to exceed four hours per quarter) on the design, development and operations of the Fund, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC)new classes, investment objectives, policies, and maintain dividend history;structure; and (xix) Prepare required disclosures for shareholder reportingProvide support during regulatory examinations, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt incomeproviding the Fund with copies of applicable SEC requested documents that are in PFPC's possession, and Florida intangibles; assisting the Fund (xxin person, if requested) Monitor in responding to SEC questions on applicable documents and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, matters related to such documents. Regulatory services performed by PFPC may be subject to the extent available review of Fund counsel, provided that the services described in subsections 14(xi) (with respect to PNC, survey information when the drafting of minutes) and in 14(vii) will be subject to the form requestedreview and approval of Fund Counsel.

Description of Administration Services on a Continuous Basis. (a) PNC will perform the following administration services if required or as applicable with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (ivii) Prepare Assist in the preparation and ensure coordinate the printing of the Fund’s Annual and Semi-Annual Shareholder Reports; coordinate the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports same with the SEC on Form N-QSAR via XXXXX; (iii) Assist in the preparation and coordinate the filing of the Form N-Q with the SEC via XXXXX; (iv) Coordinate with the Fund’s counsel the preparation of and coordinate the filing of: annual Post-Effective Amendments to the Fund’s Registration Statement (if needed); Form N-CSR and Form N-PX (provided that the Fund’s voting records are delivered to PNC in the format required by PNC and PNC is not responsible for maintaining the Fund’s voting records); (v) If mutually agreed by PNC Assist the Fund’s counsel and VP Distributors in writing, prepare (or assist in Fund management with the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports Schedule TO’s with the SEC as may be required by and coordinate the SEC and that would be primarily fulfilled using books and records maintained by PNC under filings with the terms of this AgreementFund’s financial printer; (vi) Assist Administratively assist in obtaining the preparation fidelity bond and directors’ and officers’/errors and omissions insurance policies for the Fund in accordance with the requirements of registration statements Rule 17g-1 and other filings relating to 17d-1(d)(7) under the registration of Shares1940 Act as such bond and policies are approved by the Fund’s Governing Board; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M Draft agendas (with final selection of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”)agenda items being made by Fund counsel) and resolutions for quarterly board meetings; (viii) Coordinate contractual relationships Assemble and communications between the Funds and their contractual service providersmail board materials for quarterly board meetings; (ix) Prepare expense budgets, accrual review Attend quarterly board meetings and expense reports as neededdraft minutes thereof; (x) Provide read-only on-line access to accounting system as requestedMaintain the Fund’s corporate calendar listing various SEC filing and board approval deadlines; (xi) Provide electronic transmissions Administratively assist the Fund in providing Fund documents in the possession of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specifiedPNC for SEC examinations; (xii) Coordinate printing If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund’s Form N-CSR or Form N-Q filing pursuant to regulations promulgated by the SEC under Section 302 of the Xxxxxxxx-Xxxxx Act of 2002, PNC will provide (to such person or entity as agreed between the Fund and mailing PNC) a sub-certification in support of annual certain matters set forth in the aforementioned certification, such sub-certification to be in such form and semirelating to such matters as agreed between the Fund and PNC from time to time, PNC shall be required to provide the sub-annual financial statementscertification only during the terms of this Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Xxxxxxxx-Xxxxx Act of 2002 or under any other regulatory requirement; (xiii) Prepare reports for Fund Boards Provide compliance policies and attend Board meetings when procedures related to certain services provided by PNC and, if mutually agreed, certain PNC affiliates, summary procedures thereof and as requested;an annual certification letter; and (xiv) Prepare, execute, Perform such additional administrative duties relating to the administration of the Fund upon such terms and file each Portfolio’s Federal conditions and state tax returns, including closed funds, for such fees as may subsequently be agreed upon in writing between the Fund and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm;PNC. (xv) Prepare, execute, Assist Fund’s counsel and file each PortfolioFund management with the preparation of Schedule TO and amendments thereto and coordinate the filing thereof with the Fund’s federal excise returns (Form 8613) after financial printer. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each PortfolioSeries: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) SupplySupply various normal and customary, in the form requested, various customary Portfolio Series and Fund Trust statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure file the filing of the Funds’ annual Trust's Federal and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Qstate tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Series' status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”)amended; (viii) Coordinate contractual relationships and communications between the Funds and their contractual service providers; (ixvi) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of the Trust's annual and semi-annual financial statements, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Trust providing the voting records in the format required by PFPC); (vii) Prepare and coordinate the filing of annual Post-Effective Amendments to the Trust's Registration Statement; prepare and file (or coordinate the filing of) (i) annual and semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (viii) Administratively assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Trust in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Trust's Board of Trustees; (ix) Draft notices, agendas and resolutions for quarterly board meetings and draft actions by written consent of the board; (x) Coordinate the preparation, assembly and mailing of board materials for quarterly board meetings; (xi) Attend quarterly board meetings and draft minutes thereof; (xii) Maintain a regulatory calendar for the Trust listing various filing and board approval deadlines; (xiii) Prepare reports for Fund Boards Monitor the Trust's compliance with the amounts and attend Board meetings when conditions of each state blue sky qualification and as requestedperform appropriate blue sky filings; (xiv) PrepareIn connection with blue sky filings, execute, the Trust hereby grants PFPC a limited power of attorney on behalf of the Trust to sign all blue sky filings and file other related documents in order to effect such filings. The Trust will provide PFPC a listing of all jurisdictions in which each Portfolio’s Federal Series (and state tax returns, including closed funds, class thereof) is lawfully available for sale and appropriate extensions after review and approval by in which the Fund’s independent registered public accounting firmTrust desires PFPC to effect a blue sky filing; (xv) PrepareProvide compliance policies and procedures related to services provided by PFPC and, executeif mutually agreed, certain PFPC affiliates, summary procedures thereof and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm;an annual certification letter; and (xvi) Prepare annual tax provisions Provide sub-certifications to the Trust's chief executive officer and chief financial tax disclosures; (xviiofficer in support of certain matters set forth in the certifications of the Trust's chief executive officer and chief financial officer which certifications are required by Rule 30a-2(a) Prepare tax cost for semi-annual and under the 1940 Act to be included with the Trust's Form N-Q filings updated for current yearCSR filings, such sub-tocertifications to be in such form as agreed between the Trust and PFPC from time to time. PFPC shall be required to provide a sub-date wash sales certification only during the term of this Agreement and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance only if it receives such cooperation as it may reasonably request to perform its investigations with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, respect to the extent available sub-certification. For clarity, the sub-certification is not itself a certification under any regulatory requirement. All regulatory administration services are subject to PNC, survey information when the review and in the form requestedapproval of Trust counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar that identifies the required SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-SAR or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Acx xx 0000, XXXC will provide (to such person or entity as agreed between the Fund and PFPC) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and PFPC from time to time. PFPC shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Acx xx 0000 xx xnder any other regulatory requirement; and (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requested.

Description of Administration Services on a Continuous Basis. (a) PNC The Administrator will perform the following administration services with respect to each Portfolioservices: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iii) Coordinate with the Adviser contractual relationships and communications between the Fund and its contractual service providers; (iv) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports 's Annual and Semi-Annual Reports with the SEC on Form N-QSAR via EDGAR; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Coordinate with the Adviser the preparation of) and ensure prixxxxx of the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC Fund's annual and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement;semi-annual shareholder reports; and (vi) Assist in the preparation of registration statements and other filings Perform such additional administrative duties relating to the registration administration of Shares;the Fund as may subsequently be agreed upon in writing between the Fund and the Administrator. (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M Provide such fund accounting and financial reports in connection with quarterly meetings of the Internal Revenue Code Board of 1986, Managers as amended (“Sub-Chapter M”)are required or as the Board may reasonably request; (viii) Coordinate contractual relationships Manage the tender offer process, including coordinating with outside service provider to distribute tender offers, track shareholder responses and communications between the Funds and their contractual service providerstabulate tender offer results; (ix) Prepare expense budgetsProvide individuals to serve as officers of the Fund, accrual review and expense reports as neededrequested; (x) Provide read-only on-line access to accounting system as requestedCoordinate with the Fund's counsel on drafting, reviewing and filing registration statements and tender offers, and coordinate printing and delivery of prospectus and tender offers; (xi) Provide electronic transmissions Coordinate the Fund's Board of holdingsMangers' schedule, transactions, security master, general ledger, NAV, security pricing dataagenda and production of Board meeting materials, and cash activity as specifiedattend Board meetings (if requested); (xii) Coordinate printing Provide consultation to the Fund and mailing its Adviser on regulatory matters relating to the operation of annual the Fund, and semi-annual financial statementsupdate the Fund and its Adviser on significant regulatory and legislative developments which may affect the Fund; (xiii) Prepare reports for Develop or assist legal counsel to the Fund Boards in the development of policies and attend Board meetings when and as requestedprocedures relating to the operation of the Fund; (xiv) PrepareAct as liaison to legal counsel to the Fund and, executewhere applicable, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by to legal counsel to the Fund’s 's independent registered public accounting firmMangers; (xv) PrepareCoordinate the preparation, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by execution of contracts between the Fund’s independent registered public accounting firmFund and third parties; (xvi) Prepare annual tax provisions Assist the Fund in handling and financial tax disclosuresresponding to routine regulatory examinations with respect to records retained or services provided by the Administrator, and coordinate with the Fund's legal counsel in responding to any non-routine regulatory matters with respect to such matters; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance Coordinate as necessary the registration or qualification of Interests of the Fund with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedappropriate state securities authorities.

Description of Administration Services on a Continuous Basis. (a) PNC The Administrator will perform the following administration services if required or as applicable with respect to each Portfoliothe Funds: (i) Prepare quarterly broker security transactions summaries;Supply various normal and customary Fund statistical data as requested on an ongoing basis (ii) Prepare monthly security transaction listings; (iii) Supply, Assist in the form requested, various customary Portfolio preparation and Fund statistical data on an ongoing basis; (iv) Prepare coordinate the printing of the Fund’s Annual and ensure Semi-Annual Shareholder Reports; coordinate the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports same with the SEC on Form N-QSAR via EXXXX; (iii) Assist in the preparation and coordinate the filing of the Form N-Q with the SEC via EXXXX; (iv) Coordinate with the Fund’s counsel the preparation of and coordinate the filing of: annual Post-Effective Amendments to the Fund’s Registration Statement (if needed); Form N-CSR and Form N-PX (provided that the Fund’s voting records are delivered to the Administrator in the format required by the Administrator and the Administrator is not responsible for maintaining the Fund’s voting records); (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or Administratively assist in obtaining the preparation of) fidelity bond and ensure directors’ and officers’/errors and omissions insurance policies for the filing of (or coordinate filing of, as may be mutually agreed) such other reports Fund in accordance with the SEC requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as may be required such bond and policies are approved by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this AgreementFund’s Governing Board; (vi) Assist in the preparation Draft agendas (with final selection of registration statements agenda items being made by Fund counsel) and other filings relating to the registration of Sharesresolutions for quarterly board meetings; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”)Assemble and mail board materials for quarterly board meetings; (viii) Coordinate contractual relationships Attend quarterly board meetings and communications between the Funds and their contractual service providersdraft minutes thereof; (ix) Prepare expense budgets, accrual review Maintain the Fund’s corporate calendar listing various SEC filing and expense reports as neededboard approval deadlines; (x) Provide read-only on-line access to accounting system as requestedAdministratively assist the Fund in providing Fund documents in the possession of the Administrator for SEC examinations; (xi) Provide electronic transmissions If the chief executive officer or chief financial officer of holdingsthe Fund is required to provide a certification as part of the Fund’s Form N-CSR or Form N-Q filing pursuant to regulations promulgated by the SEC under Section 302 of the Sxxxxxxx-Xxxxx Act of 2002, transactionsthe Administrator will provide (to such person or entity as agreed between the Fund and the Administrator) a sub-certification in support of certain matters set forth in the aforementioned certification, security mastersuch sub-certification to be in such form and relating to such matters as agreed between the Fund and the Administrator from time to time, general ledgerthe Administrator shall be required to provide the sub-certification only during the terms of this Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, NAV, security pricing data, and cash activity as specifiedthe sub-certification is not itself a certification under the Sxxxxxxx-Xxxxx Act of 2002 or under any other regulatory requirement; (xii) Coordinate printing Provide compliance policies and mailing of procedures related to certain services provided by the Administrator and, if mutually agreed, certain the Administrator affiliates, summary procedures thereof and an annual and semi-annual financial statements;certification letter; and (xiii) Prepare reports Perform such additional administrative duties relating to the administration of the Fund upon such terms and conditions and for such fees as may subsequently be agreed upon in writing between the Fund Boards and attend Board meetings when and as requested;the Administrator. (xiv) Prepare, execute, Assist Fund's counsel and file each Portfolio’s Federal Fund management with the preparation of Schedule TO and state tax returns, including closed funds, amendments thereto and appropriate extensions after coordinate the filing thereof with the Fund's financial printer. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare and file with the SEC the Fund's annual and semi- annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-Chapter M”)effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar to assure compliance with various SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-SAR or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Acx xx 2002, PFPC will provide (to such person or entity as agreed between the Fund and PFPC) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and PFPC from time to time. PFPC shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Acx xx 0000 or under any other regulatory requirement; (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments;; and (xviii) Prepare dividend calculations, including accompanying analysis Monitor the Fund's compliance with the amounts and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedconditions of each state blue sky qualification.

Description of Administration Services on a Continuous Basis. (a) PNC The Administrator will perform the following administration services with respect to each Portfolioservices: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iii) Coordinate with the Adviser contractual relationships and communications between the Fund and its contractual service providers; (iv) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports 's Annual and Semi-Annual Reports with the SEC on Form N-QSAR and Certified Shareholder Reports on Form N-CSR via EDGAR; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Coordinate with the Advxxxx the preparation of) and ensure printing of the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC Fund's annual and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreementsemi-annual shareholder reports; (vi) Assist in the preparation of registration statements and other filings Perform such additional administrative duties relating to the registration administration of Sharesthe Fund as may subsequently be agreed upon in writing between the Fund and the Administrator; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M Provide such fund accounting and financial reports in connection with quarterly meetings of the Internal Revenue Code Board of 1986, Directors as amended (“Sub-Chapter M”)are required or as the Board may reasonably request; (viii) Coordinate contractual relationships and communications between Provide individuals to serve as officers of the Funds and their contractual service providersFund, as requested; (ix) Prepare expense budgetsCoordinate with the Fund's counsel on drafting, accrual review reviewing and expense reports as neededfiling registration statements and tender offers, and coordinate printing and delivery of prospectus and tender offers; (x) Provide read-only on-line access to accounting system as Coordinate the Fund's Board of Directors' schedule, agenda and production of Board meeting materials, and attend Board meetings (if requested); (xi) Provide electronic transmissions consultation to the Fund and its Adviser on regulatory matters relating to the operation of holdings, transactions, security master, general ledger, NAV, security pricing datathe Fund, and cash activity as specifiedupdate the Fund and its Adviser on significant regulatory and legislative developments which may affect the Fund; (xii) Coordinate printing Develop or assist legal counsel to the Fund in the development of policies and mailing procedures relating to the operation of annual and semi-annual financial statementsthe Fund; (xiii) Prepare reports for Act as liaison to legal counsel to the Fund Boards and attend Board meetings when and as requestedand, where applicable, to legal counsel to the Fund's independent Directors; (xiv) PrepareCoordinate the preparation, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by execution of contracts between the Fund’s independent registered public accounting firmFund and third parties; (xv) Prepare, executeAssist the Fund in handling and responding to routine regulatory examinations with respect to records retained or services provided by the Administrator, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by coordinate with the Fund’s independent registered public accounting firm;'s legal counsel in responding to any non-routine regulatory matters with respect to such matters; and (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance Coordinate as necessary the registration or qualification of Shares of the Fund with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedappropriate state securities authorities.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports 's Federal and state tax returns; (v) Prepare and file the Fund's Semi Annual Reports with the SEC on Form N-Q; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this AgreementSAR; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s 's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvii) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports (not including Form N-CSR and Form N-Q) and coordinate the filing with the SEC; (viii) Coordinate contractual relationships Monitor sales of the Fund's shares and communications between assure that the Funds and their contractual service providersFund has properly registered such shares with the applicable state authorities; (ix) Prepare expense budgets, accrual review and expense file the following reports as neededwith the SEC: (i) semi-annual reports on Form N-SAR; and (ii) Notices pursuant to Rule 24f-2; (x) Provide read-only on-line access to accounting system as requestedPrepare and monitor an expense budget for each Portfolio, including accruals for each category of expenses; (xi) Provide electronic transmissions Determine the amount of holdings, transactions, security master, general ledger, NAV, security pricing data, dividends and cash activity other distributions payable to shareholders as specifiednecessary to maintain the qualification as a regulated investment company of each Portfolio of the Fund under the Code; (xii) Coordinate printing Prepare and mailing of coordinate with the Fund's counsel the annual Post-Effective Amendments to the Fund's registration statement (other than adding a new series or class), and semi-annual coordinate with the Fund's financial statementsprinter to make such filings with the SEC; (xiii) Prepare reports Assist in obtaining the fidelity bond and directors' and officers' / errors and omissions insurance policies for the Fund Boards in accordance with the requirements of Rules 17g-1 and attend 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's Board meetings when and as requestedof Directors; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by Coordinate the filing of the Fund’s independent registered public accounting firm's fidelity bond with the SEC; (xv) PreparePrepare notices, executeagendas, and file each Portfolio’s federal excise returns (Form 8613) after review resolutions for quarterly Board meetings and approval draft actions by written consent of the Fund’s independent registered public accounting firmBoard; (xvixiv) Prepare annual tax provisions Coordinate the preparation, assembly and financial tax disclosuresmailing of Board materials; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculationsAttend quarterly Board meetings, including accompanying analysis and earnings summary in accordance with applicable policy (make presentations at such meetings as such policy is provided in writing by VP Distributors to PNC)appropriate, and maintain dividend historydraft minutes of such meetings; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requested.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services if required with respect to each Portfolioportfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund Partnership statistical data as requested on an ongoing basis; (iviii) Prepare for execution and ensure file the filing of the Funds’ annual Partnership's Federal Form 1065 and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Qstate tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viiiiv) Coordinate contractual relationships and communications between the Funds Partnership and their its contractual service providers; (v) Prepare and file the Partnership's Annual and Semi-Annual Reports with the SEC on Form N-SAR via XXXXX; (vi) Coordinate printing of the Partnership's annual and semi-annual shareholder reports; and (vii) Prepare and coordinate with the Partnership's counsel and Partnership management Post-Effective Amendments to the Partnership's Registration Statement on Form N-2, as needed, and coordinate the filing with the Partnership's financial printer; (viii) Assist in the preparation of notices of annual meetings of shareholders and proxy materials relating to such meetings; (ix) Prepare expense budgets, accrual review Assist in obtaining the fidelity bond and expense reports directors' and officers'/errors and omissions insurance policies for the Partnership in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as neededsuch bond (1) and policies are approved by the Partnership's Board of Directors and coordinate the SEC filing of the fidelity bond; (x) Provide read-only on-line access Monitor the Partnership's assets to accounting system as requestedassure adequate fidelity bond coverage is maintained; (xi) Provide electronic transmissions Draft agendas and resolutions for quarterly Board meetings and draft written consents of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specifiedthe Board; (xii) Coordinate printing the preparation, assembly and mailing of annual and semi-annual financial statementsmaterials for quarterly Board meetings; (xiii) Prepare reports for Fund Boards and attend Attend quarterly Board meetings when and as requesteddraft minutes thereof; (xiv) Prepare, execute, Maintain a calendar to assure compliance with various SEC filing and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and Board approval by the Fund’s independent registered public accounting firmdeadlines; (xv) Prepare, execute, Assist the Partnership in the handling of SEC examinations and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firmresponses thereto; (xvi) Prepare annual tax provisions and financial tax disclosuresMaintain the Partnership's files; (xvii) Prepare tax cost Assist in preparing the documentation (including SEC filings) required for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments;periodic tender offers; and (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors Communicate significant regulatory developments to PNC), and maintain dividend history;the Partnership on a quarterly basis. (xix) Prepare required disclosures for shareholder reportingAs instructed by the Partnership, including Form 1099-DIV reporting and supporting materials such as QDIPFPC shall provide tax estimates, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliverletter form, to investors. Such estimates shall be based solely on estimates and assumptions provided to PFPC by the extent available Partnership. PFPC shall have no responsibility to PNC, survey verify the accuracy or completeness of the information when and in provided by the form requestedPartnership.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports 's Federal and state tax returns; (v) Prepare and file the Fund's Semi Annual Reports with the SEC on Form N-Q; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement;SAR. (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s 's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvii) Prepare and file with the SEC the Fund's annual, semi-Chapter M”)annual, and quarterly shareholder reports; (viii) Monitor sales of the Fund's shares and assure that the Fund has properly registered such shares with the SEC and applicable state authorities; (ix) Prepare, coordinate with the Fund's counsel and file with the SEC Post-Effective Amendments to the Fund's Registration Statement, prepare reports to the SEC including, the preparation and filing of (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (x) Assist in the preparation and filing with the SEC of notices of Annual or Special Meetings of Shareholders and Proxy materials relating to such meetings; (xi) Assist in obtaining and filing with the SEC the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's Board of Trustees; (xii) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xiii) Draft agendas, resolutions and materials for quarterly and special Board meetings; (xiv) Coordinate the preparation, assembly and mailing of Board materials; (xv) Maintain the Fund's corporate calendar to assure compliance with various filing and Board approval deadlines; (xvi) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost and monitor an expense budget for semi-annual and Form N-Q filings updated each Series, including accruals for current year-to-date wash sales and prior year known Schedule M adjustmentseach category of expenses; (xviii) Prepare dividend calculations, including accompanying analysis Determine the amount of dividends and earnings summary in accordance with applicable policy (other distributions payable to shareholders as such policy is provided in writing by VP Distributors necessary to PNC), and maintain dividend historythe qualification as a regulated investment company of each Series of the Fund under the Code; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such Provide personnel to serve as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles;officers of the Fund if so elected by the Trustees; and (xx) Monitor the Fund's compliance with the amounts and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedconditions of each state qualification.

Description of Administration Services on a Continuous Basis. (a) PNC will perform the following administration services if required or as applicable with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries;Supply various normal and customary Fund statistical data as requested on an ongoing basis (ii) Prepare monthly security transaction listings; (iii) Supply, Assist in the form requested, various customary Portfolio preparation and Fund statistical data on an ongoing basis; (iv) Prepare coordinate the printing of the Fund’s Annual and ensure Semi-Annual Shareholder Reports; coordinate the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports same with the SEC on Form N-QSAR via XXXXX; (iii) Assist in the preparation and coordinate the filing of the Form N-Q with the SEC via XXXXX; (iv) Coordinate with the Fund’s counsel the preparation of and coordinate the filing of: annual Post-Effective Amendments to the Fund’s Registration Statement (if needed); Form N-CSR and Form N-PX (provided that the Fund’s voting records are delivered to PNC in the format required by PNC and PNC is not responsible for maintaining the Fund’s voting records); (v) If mutually agreed by PNC Assist the Fund’s counsel and VP Distributors in writing, prepare (or assist in Fund management with the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports Schedule TO's with the SEC as may be required by and coordinate the SEC and that would be primarily fulfilled using books and records maintained by PNC under filings with the terms of this AgreementFund's financial printer; (vi) Assist Administratively assist in obtaining the preparation fidelity bond and directors’ and officers’/errors and omissions insurance policies for the Fund in accordance with the requirements of registration statements Rule 17g-1 and other filings relating to 17d-1(d)(7) under the registration of Shares1940 Act as such bond and policies are approved by the Fund’s Governing Board; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M Draft agendas (with final selection of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”)agenda items being made by Fund counsel) and resolutions for quarterly board meetings; (viii) Coordinate contractual relationships Assemble and communications between the Funds and their contractual service providersmail board materials for quarterly board meetings; (ix) Prepare expense budgets, accrual review Attend quarterly board meetings and expense reports as neededdraft minutes thereof; (x) Provide read-only on-line access to accounting system as requestedMaintain the Fund’s corporate calendar listing various SEC filing and board approval deadlines; (xi) Provide electronic transmissions Administratively assist the Fund in providing Fund documents in the possession of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specifiedPNC for SEC examinations; (xii) Coordinate printing If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund’s Form N-CSR or Form N-Q filing pursuant to regulations promulgated by the SEC under Section 302 of the Xxxxxxxx-Xxxxx Act of 2002, PNC will provide (to such person or entity as agreed between the Fund and mailing PNC) a sub-certification in support of annual certain matters set forth in the aforementioned certification, such sub-certification to be in such form and semirelating to such matters as agreed between the Fund and PNC from time to time, PNC shall be required to provide the sub-annual financial statementscertification only during the terms of this Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Xxxxxxxx-Xxxxx Act of 2002 or under any other regulatory re quirement; (xiii) Prepare reports for Fund Boards Provide compliance policies and attend Board meetings when procedures related to certain services provided by PNC and, if mutually agreed, certain PNC affiliates, summary procedures thereof and as requested;an annual certification letter; and (xiv) Prepare, execute, Perform such additional administrative duties relating to the administration of the Fund upon such terms and file each Portfolio’s Federal conditions and state tax returns, including closed funds, for such fees as may subsequently be agreed upon in writing between the Fund and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm;PNC. (xv) Prepare, execute, Assist Fund's counsel and file each Portfolio’s federal excise returns (Form 8613) after Fund management with the preparation of Schedule TO and amendments thereto and coordinate the filing thereof with the Fund's financial printer. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar that identifies the required SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-Q or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Axx xx 0000, XXPC will provide (to such person or entity as agreed between the Fund and PFPC) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and PFPC from time to time. PFPC shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Xxx xx 0000 or under any other regulatory requirement; and (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments;; and (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary Such other regulatory services as the parties hereto may from time to time agree upon in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, writing. All regulatory services are subject to the extent available to PNC, survey information when review and in the form requestedapproval of Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC The Administrator will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listingsthe Fund’s annual and semi-annual shareholder reports in accordance with U.S. GAAP for shareholder delivery and for inclusion in Form N-CSR; (iii) Supply, Prepare quarterly schedule of portfolio holdings for inclusion in the form requested, Form N-Q; (iv) Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Q; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare and coordinate the filing of Forms N-Chapter M”CSR, N-Q and N-PX (with the Fund providing the voting records in the format required by the Administrator); (vii) Prepare and coordinate the filing of annual Post-Effective Amendments to the Fund’s Registration Statement (not including the initial Registration Statement or the creation or addition of one or more series or classes of shares); prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (viii) Coordinate contractual relationships Administratively assist in obtaining the fidelity bond and communications between directors’ and officers’/errors and omissions insurance policies for the Funds and their contractual service providersFund; (ix) Prepare expense budgets, accrual review Draft agendas (with final selection of agenda items being made by Fund counsel) and expense reports as neededresolutions for quarterly board meetings; (x) Provide read-only on-line access to accounting system as requestedCoordinate the assembly and mailing of board materials for quarterly board meetings; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, Attend quarterly board meetings and cash activity as specifieddraft minutes thereof; (xii) Coordinate printing Provide compliance policies and mailing procedures related to services provided by the Administrator and, if mutually agreed, certain of annual the Administrator’s affiliates, summary procedures thereof and semi-annual financial statements;periodic certification letters; and (xiii) Prepare reports Maintain a regulatory calendar for the Fund Boards listing various SEC filing and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after board approval deadlines. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar that identifies the required SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-Q or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Act of 2002, PNC will provide (to xxxx xxxxxx xr entity as agreed between the Fund and PNC) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and PNC from time to time. PNC shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Act of 2002 or under any other regulatory xxxxxrement; and (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments;; and (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary Such other regulatory services as the parties hereto may from time to time agree upon in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, writing. All regulatory services are subject to the extent available to PNC, survey information when review and in the form requestedapproval of Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar that identifies the required SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-Q or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Axx xx 0000, XXPC will provide (to such person or entity as agreed between the Fund and PFPC) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and PFPC from time to time. PFPC shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Axx xx 0000 xx under any other regulatory requirement; and (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments;; and (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary Such other regulatory services as the parties hereto may from time to time agree upon in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, writing. All regulatory services are subject to the extent available to PNC, survey information when review and in the form requestedapproval of Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-QFederal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund’s annual and semi-Chapter M”annual Shareholder reports, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Fund responsible for providing the voting records in the format required by PFPC); (vii) Prepare and coordinate the filing of annual Post-Effective Amendments to the Fund’s Registration Statement; prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (viii) Coordinate contractual relationships Administratively assist in obtaining the fidelity bond and communications between directors’ and officers’/errors and omissions insurance policies for the Funds Fund in accordance with the requirements of Rules 17g-l and their contractual service providers17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund’s Board of Trustees and prepare and coordinate the filing of the Fund’s fidelity bond; (ix) Prepare expense budgets, accrual review Draft agendas and expense reports as neededresolutions for quarterly board meetings with final selection of agenda items being made by the Fund and/or Fund counsel; (x) Provide read-only on-line access to accounting system as requestedCoordinate the preparation, assembly and mailing of board materials for quarterly board meetings; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, Attend quarterly board meetings and cash activity as specifieddraft minutes thereof; (xii) Coordinate printing Maintain a regulatory calendar for the Fund listing various filing and mailing of annual and semi-annual financial statementsboard approval deadlines; (xiii) Prepare reports for Fund Boards Provide compliance policies and attend Board meetings when procedures related to services provided by PFPC and, if mutually agreed, certain PFPC affiliates, summary procedures thereof and as requested;an annual certification letter; and (xiv) PrepareMonitor the Fund’s compliance with the amounts and conditions of each state blue sky qualification and perform appropriate blue sky filings. In connection with blue sky filings, execute, the Fund hereby grants PFPC a limited power of attorney on behalf of the Fund to sign all blue sky filings and file other related documents in order to effect such filings. The Fund will provide PFPC a listing of all jurisdictions in which each Portfolio’s Federal Portfolio (and state tax returns, including closed funds, class thereof) is lawfully available for sale and appropriate extensions after in which the Fund desires PFPC to effect a blue sky filing. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfolio: (i) As requested by the Board of Directors of the Fund, and on such terms and conditions as the parties shall mutually agree, provide a PFPC employee to serve, upon appointment as such by the Board of Directors of the Fund, as the chief financial officer of the Fund; (ii) As requested by the Board of Directors of the Fund, make available appropriate individuals to serve as officers of the Fund (to serve only in ministerial or administrative capacities relevant to PFPC’s services hereunder); (iii) Prepare quarterly broker security securities transactions summaries; (iiiv) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data and reports as requested on an ongoing basis; (ivv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with Federal and state tax returns as well as all 1099 reporting for all expense payments made to providers of the SEC on Form N-Q; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, Fund as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this AgreementIRS; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor on a quarterly basis each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; monitor on a continuing basis each Portfolio’s compliance with the 1940 Act and the Fund’s Registration Statement; provided that the Fund acknowledges that PFPC’s monitoring systems provide only back-end (“SubT+2) monitoring support. (vii) Utilizing PFPC’s selected vendor arrangement, prepare and coordinate the filing of (i) the Fund’s annual and semi-Chapter M”)annual shareholder reports on Form N-CSR, and (ii) the Fund’s Form N-Q; (viii) Coordinate contractual relationships Prepare and communications between coordinate with the Funds Fund’s counsel and their contractual service providerscoordinate the filing of annual Post-Effective Amendments to the Fund’s Registration Statement, prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (ix) Prepare expense budgets, accrual review Administratively assist in obtaining the fidelity bond and expense reports directors’ and officers’/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as neededsuch bond and policies are approved by the Fund’s Board of Directors; (x) Provide read-only on-line access to accounting system as requestedDraft agendas and resolutions for quarterly board meetings; (xi) Provide electronic transmissions Coordinate the preparation, assembly and mailing of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specifiedboard materials for quarterly board meetings; (xii) Coordinate printing Attend quarterly board meetings and mailing of annual and semi-annual financial statementsdraft minutes thereof; (xiii) Prepare reports Maintain a calendar for the Fund Boards listing various SEC filing and attend Board meetings when and as requestedboard approval deadlines; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firmProvide quarterly updates on recent relevant regulatory events; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by In connection with the Fund’s obligations under Rule 38a-1 of the 1940Act: (a) provide an annual independent registered public accounting firmassessment of the compliance procedures of each PFPC service group, as applicable, that provides services to the Fund and of any PFPC affiliate acting as the Fund’s distributor, (b) provide, via internet access, PFPC’s policies and procedures related to the services provided and summaries thereof, (c) provide e-mail notification of updates to policies and procedures, and (d) provide periodic certifications with respect to such policies and procedures, and (e) provide such other information to the Board as it may reasonably request from time to time; (xvi) Prepare annual tax provisions Provide sub-certifications with respect to information provided by and work performed by PFPC in connection with the Fund’s Form N-CSR and N-Q filings, use commercially reasonable efforts to obtain sub-certifications from other service providers in connection therewith, and compile such sub-certifications and other relevant compliance information (e.g., compliance checklist for the procedures performed during the financial tax disclosuresstatement) for use by Fund officers; (xvii) Prepare tax cost for semi-annual Monitor the Fund’s compliance with the amounts and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustmentsconditions of each state qualification; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (Perform such additional administrative duties relating to the administration of the Fund as such policy is provided may subsequently be agreed upon in writing by VP Distributors to PNC), between the Fund and maintain dividend historyPFPC; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting Provide to the Fund and supporting materials such the Adviser the DataPath internet access services as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, set forth on Exhibit B attached hereto and Florida intangibles;made a part hereof; and (xx) Monitor In connection with the foregoing enumerated services, provide such other related services as are reasonably necessary to provide the enumerated services effectively. All regulatory services are subject to the review and propose procedures approval of Fund counsel. In connection with blue sky filings, the Fund hereby grants PFPC a limited power of attorney on behalf of the Fund to sign all blue sky filings and other related documents in order to effect such filings. The Fund will provide PFPC a listing of all jurisdictions in which each Portfolio (and class thereof) is lawfully available for sale as needed of the date of this Agreement and in which the Fund desires PFPC to effect a blue sky filing. PFPC will remit to the respective jurisdictions the requisite blue sky filing fees for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortizationshares of the relevant Portfolio(s) (or classes thereof), and legislation and industry developments on an ad hoc basis; andany fees for qualifying or continuing the qualification of any Portfolios(s) (or classes thereof). (xxib) Prepare The Fund acknowledges and deliveragrees that with respect to any PFPC employee that is acting in his/her capacity as an officer of the Fund, such person shall be covered by the D&O / E&O Insurance maintained by the Fund. (c) With respect to the extent available PFPC Key Personnel set forth in Exhibit D, PFPC will (1) notify the Fund and the Adviser, as far in advance as is reasonably practicable under the circumstances, of any proposed replacement or reassignment of Key Personnel, (2) provide the Fund with such information regarding the reasons of such proposed replacement or reassignment as PFPC shall reasonably determine in good faith to PNCbe appropriate, survey information when (3) provide the Fund and the Adviser with information, including professional qualifications, for any proposed replacement Key Personnel and (4) consider in good faith input or recommendations from the Fund regarding such proposed replacement or reassignment. In addition, PFPC will notify the Fund and the Adviser of anticipated material changes to the fund accounting team assigned to provide services to the Fund and provide the Fund and the Adviser an opportunity to discuss such changes. The parties acknowledge that there may be circumstances under which PFPC will not be able to provide advance notification of personnel changes to the Fund and the Adviser, and in the form requestedsuch cases, PFPC shall provide such notice as promptly as reasonably practicable after any such changes.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfolioservices: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio portfolio and Fund statistical data as requested on an ongoing basis; (iviii) Prepare for execution and ensure file the filing of the Funds’ annual Fund's Federal and semi-annual reports state tax returns: prepare a fiscal tax provision in coordination with the SEC on Forms N-SAR annual audit; prepare an excise tax provision; and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Qprepare all relevant 1099 calculations; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viiiiv) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xiiv) Coordinate printing and mailing of the Fund's annual and semi-annual shareholder reports; (vi) Prepare income and capital gain distributions; (vii) Prepare the semiannual and annual financial statements; (viii) Monitor the Fund's compliance with IRC, SEC and prospectus requirements; (ix) Prepare, coordinate with the Fund's counsel and coordinate the filing with the SEC: Post-Effective Amendments to the Fund's Registration Statement and supplements to or revisions of the Fund's prospectus and statement of additional information; Quarterly Repurchase Offer Filings on Form N-23c-3; semi-annual reports on Form N-SAR and Form N-CSR; Form N-Q; and Form N-PX based upon information provided by Highland (for an additional fee); (x) Assist in the preparation of notices of meetings of shareholders and proxy materials relating to such meetings; (xi) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's Board of Directors; (xii) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xiii) Prepare reports Draft agendas and resolutions for Fund Boards quarterly and attend Board meetings when and as requestedspecial board meetings; (xiv) PrepareCoordinate the preparation, execute, assembly and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firmmailing of board materials; (xv) Prepare, execute, Attend board meetings and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firmdraft minutes thereof; (xvi) Prepare annual tax provisions Maintain the Fund's corporate calendar to assure compliance with various filing and financial tax disclosuresboard approval deadlines; (xvii) Prepare tax cost for semiAssist the Fund in the handling of SEC examinations and responses thereto; and (xviii) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-annual and CSR or Form N-Q filings updated for current yearfiling pursuant to regulations promulgated by the SEC under Section 302 of the Sarbanes-toOxley Act of 2002, PFPC will providx (xx xxxx xxxson or entity as agreed between the Fund and PFPC) a sub-date wash sales certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and prior year known Schedule M adjustments; (xviii) Prepare dividend calculationsrelating to such matters as agreed between the Fund and PFPC from time to time. PFPC shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy the sub-certification is provided in writing by VP Distributors to PNC), and maintain dividend history;not itself a certification under the Sarbanes-Oxley Act of 2002 or under any othex xxxxxxxxxx xequirement; and (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials Perform such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, additional administrative duties relating to the extent available to PNC, survey information when administration of the Fund as may subsequently be agreed upon in writing between the Fund and in the form requestedPFPC.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s 's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”annual shareholder reports, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Fund providing the voting records in the format required by PFPC); (vii) Prepare and coordinate the filing of annual Post-Effective Amendments to the Fund's Registration Statement (other than adding a new Portfolio or class); prepare and file (or coordinate the filing of) (i) annual and semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (viii) Coordinate contractual relationships Administratively assist in obtaining the fidelity bond and communications between directors' and officers'/errors and omissions insurance policies for the Funds Fund in accordance with the requirements of Rule 17g-1 and their contractual service providers17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's Board of Directors or Trustees; (ix) Prepare expense budgets, accrual review and expense reports as neededCoordinate the filing of the Fund's fidelity bond with the SEC; (x) Provide read-only on-line access to accounting system as requestedDraft notices, agendas and resolutions for quarterly board meetings and draft actions by written consent of the Board; (xi) Provide electronic transmissions Coordinate the preparation, assembly and mailing of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specifiedboard materials for quarterly board meetings; (xii) Coordinate printing Attend quarterly board meetings and mailing of annual and semi-annual financial statementsdraft minutes thereof; (xiii) Prepare reports Maintain a regulatory calendar for the Fund Boards listing various SEC filing and attend Board meetings when and as requestedboard approval deadlines; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by Maintain the Fund’s independent registered public accounting firm's contract files; (xv) PrepareProvide compliance policies and procedures related to services provided by PFPC and, executeif mutually agreed, certain PFPC affiliates, summary procedures thereof and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firman annual certification letter; (xvi) Prepare annual tax provisions Monitor the Fund's compliance with the amounts and financial tax disclosuresconditions of each state qualification; (xvii) Prepare tax cost In connection with blue sky filings, the Fund hereby grants PFPC a limited power of attorney on behalf of the Fund to sign all blue sky filings and other related documents in order to effect such filings. The Fund will provide PFPC a listing of all jurisdictions in which each Portfolio (and class thereof) is lawfully available for semisale as of the date of this Agreement and in which the Fund desires PFPC to effect a blue sky filing; and (xviii) Provide sub-annual certifications to the Fund's chef executive officer and chief financial officer in support of certain matters related to the work product prepared by PFPC and set forth in the Fund's Form N-CSR and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, filings. All regulatory services are subject to the extent available to PNC, survey information when review and in the form requestedapproval of Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar to assure compliance with various SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-SAR or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Xxx xx 0000, PFPC will provide (to such person or entity as agreed between the Fund and PFPC) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and PFPC from time to time. PFPC shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Axx xx 0000 xx under any other regulatory requirement; and (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requested.

Description of Administration Services on a Continuous Basis. (a) PNC will perform the following administration services if required or as applicable with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (ivii) Prepare Assist in the preparation and ensure coordinate the printing of the Fund’s Annual and Semi-Annual Shareholder Reports; coordinate the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports same with the SEC on Form N-QSAR via XXXXX; (iii) Assist in the preparation and coordinate the filing of the Form N-Q with the SEC via XXXXX; (iv) Coordinate with the Fund’s counsel the preparation of and coordinate the filing of: annual Post-Effective Amendments to the Fund’s Registration Statement (if needed); Form N-CSR and Form N-PX (provided that the Fund’s voting records are delivered to PNC in the format required by PNC and PNC is not responsible for maintaining the Fund’s voting records); (v) If mutually agreed by PNC Assist the Fund’s counsel and VP Distributors in writing, prepare (or assist in Fund management with the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports Schedule TO's with the SEC as may be required by and coordinate the SEC and that would be primarily fulfilled using books and records maintained by PNC under filings with the terms of this AgreementFund's financial printer; (vi) Assist Administratively assist in obtaining the preparation fidelity bond and directors’ and officers’/errors and omissions insurance policies for the Fund in accordance with the requirements of registration statements Rule 17g-1 and other filings relating to 17d-1(d)(7) under the registration of Shares1940 Act as such bond and policies are approved by the Fund’s Governing Board; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M Draft agendas (with final selection of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”)agenda items being made by Fund counsel) and resolutions for quarterly board meetings; (viii) Coordinate contractual relationships Assemble and communications between the Funds and their contractual service providersmail board materials for quarterly board meetings; (ix) Prepare expense budgets, accrual review Attend quarterly board meetings and expense reports as neededdraft minutes thereof; (x) Provide read-only on-line access to accounting system as requestedMaintain the Fund’s corporate calendar listing various SEC filing and board approval deadlines; (xi) Provide electronic transmissions Administratively assist the Fund in providing Fund documents in the possession of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specifiedPNC for SEC examinations; (xii) Coordinate printing If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund’s Form N-CSR or Form N-Q filing pursuant to regulations promulgated by the SEC under Section 302 of the Xxxxxxxx-Xxxxx Act of 2002, PNC will provide (to such person or entity as agreed between the Fund and mailing PNC) a sub-certification in support of annual certain matters set forth in the aforementioned certification, such sub-certification to be in such form and semirelating to such matters as agreed between the Fund and PNC from time to time, PNC shall be required to provide the sub-annual financial statementscertification only during the terms of this Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Xxxxxxxx-Xxxxx Act of 2002 or under any other regulatory requirement; (xiii) Prepare reports for Fund Boards Provide compliance policies and attend Board meetings when procedures related to certain services provided by PNC and, if mutually agreed, certain PNC affiliates, summary procedures thereof and as requestedan annual certification letter; (xiv) Prepare, execute, Perform such additional administrative duties relating to the administration of the Fund upon such terms and file each Portfolio’s Federal conditions and state tax returns, including closed funds, for such fees as may subsequently be agreed upon in writing between the Fund and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm;PNC. (xv) Prepare, execute, Assist Fund's counsel and file each Portfolio’s federal excise returns (Form 8613) after Fund management with the preparation of Schedule TO and amendments thereto and coordinate the filing thereof with the Fund's financial printer. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC BNY will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar that identifies the required SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-Q or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Axx xx 0000, XXY will provide (to such person or entity as agreed between the Fund and BNY) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and BNY from time to time. BNY shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Axx xx 0000 or under any other regulatory requirement; and (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments;; and (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary Such other regulatory services as the parties hereto may from time to time agree upon in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, writing. All regulatory services are subject to the extent available to PNC, survey information when review and in the form requestedapproval of Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC The Sub-Administrator will perform the following administration services if required with respect to each Portfolioportfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund fund statistical data as requested on an ongoing basis; (iviii) Prepare and ensure the filing of the Funds’ annual file each Fund's Annual and semiSemi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports Annual Reports with the SEC on Form N-QSAR via EDGAR; (iv) Coxxxxxate with the Administrator with respect to the printing and mailing of each Fund's annual and semi-annual shareholder reports; and (v) If mutually agreed by PNC Provide such fund accounting and VP Distributors financial reports in writing, prepare (connection with quarterly meetings of the Board of Directors as are required or assist in as the preparation of) and ensure the filing of (or coordinate filing of, as Board may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreementreasonably request; (vi) Assist in Manage the preparation of registration statements tender offer process, including distribute tender offers, track Member responses and other filings relating to the registration of Sharestabulate tender offer results; (vii) Monitor each Portfolio’s status Provide individuals to serve as a regulated investment company under Sub-chapter M officers of the Internal Revenue Code of 1986Funds, as amended (“Sub-Chapter M”)requested; (viii) Coordinate contractual relationships with the Funds' counsel on reviewing and communications between the Funds filing registration statements and their contractual service providerstender offers, and coordinate printing and delivery of prospectus and tender offers; (ix) Prepare expense budgetsCoordinate the Funds' Board of Director's schedule, accrual review agenda and expense reports as neededproduction of Board meeting materials, and attend Board meetings (if requested); (x) Provide read-only on-line access to accounting system as requestedCoordinate the preparation, review and execution of contracts between the Funds and third parties; (xi) Provide electronic transmissions Coordinate as necessary the registration or qualification of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified;Interests of each Fund with appropriate state securities authorities. (xii) Coordinate printing Provide compliance services for the Funds as follows: a) Provide primary back-end compliance testing for the Funds for compliance with investment policies and mailing of annual restrictions listed in the Funds' prospectuses, 1940 Act and semiFund procedures; b) Research and report compliance exceptions to such persons as the Administrator directs; c) Collect and report to the Administrator and the Board on a quarterly basis information related to transactions reportable under the 1940 Act and Fund procedures; d) Provide 1940 Act portfolio compliance training for the Funds' investment advisers and compliance personnel once a year at the Sub-annual financial statements;Administrator's headquarters or such other place as the parties may agree. (xiii) Prepare reports Provide anti-money laundering compliance and recordkeeping services for Fund Boards the Funds as required by the Funds' Anti-Money Laundering ("AML") Program and attend Board meetings when and as requested;applicable regulatory requirements. These services include: (xiva) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary Verify Member identity upon opening new accounts in accordance with applicable policy (as such policy is provided in writing by VP Distributors Section 326 of the Act and any regulations thereunder, subject to PNC), and maintain dividend history;the provisions of this Amendment. (xixb) Prepare Monitor Member transactions and identify and report suspicious activities that are required disclosures for shareholder reportingto be so identified and reported, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles;in each case consistent with the Funds' AML Programs. (xxc) Monitor Submit all financial transactions through the Office of Foreign Asset Control ("OFAC") database and propose procedures as needed for tax considerations in FinCEN's (formerly the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, Securities and legislation and industry developments on an ad hoc basis; and (xxiExchange Commission's) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedControl List.

Description of Administration Services on a Continuous Basis. (a) PNC The Administrator will perform the following administration services with respect to each Portfolioservices: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iii) Coordinate with the Adviser contractual relationships and communications between the Fund and its contractual service providers; (iv) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports Annual and Semi-Annual Reports with the SEC on Form N-QSAR via XXXXX; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Coordinate with the Adviser the preparation of) and ensure printing of the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC Fund’s annual and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement;semi-annual shareholder reports; and (vi) Assist in the preparation of registration statements and other filings Perform such additional administrative duties relating to the registration administration of Shares;the Fund as may subsequently be agreed upon in writing between the Fund and the Administrator. (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M Provide such fund accounting and financial reports in connection with quarterly meetings of the Internal Revenue Code Board of 1986, Managers as amended (“Sub-Chapter M”)are required or as the Board may reasonably request; (viii) Coordinate contractual relationships Manage the tender offer process, including coordinating with outside service provider to distribute tender offers, track shareholder responses and communications between the Funds and their contractual service providerstabulate tender offer results; (ix) Prepare expense budgetsProvide individuals to serve as officers of the Fund, accrual review and expense reports as neededrequested; (x) Provide read-only on-line access to accounting system as requestedCoordinate with the Fund’s counsel on drafting, reviewing and filing registration statements and tender offers, and coordinate printing and delivery of prospectus and tender offers; (xi) Provide electronic transmissions Coordinate the Fund’s Board of holdingsMangers’ schedule, transactions, security master, general ledger, NAV, security pricing dataagenda and production of Board meeting materials, and cash activity as specifiedattend Board meetings (if requested); (xii) Coordinate printing Provide consultation to the Fund and mailing its Adviser on regulatory matters relating to the operation of annual the Fund, and semi-annual financial statementsupdate the Fund and its Adviser on significant regulatory and legislative developments which may affect the Fund; (xiii) Prepare reports for Develop or assist legal counsel to the Fund Boards in the development of policies and attend Board meetings when and as requestedprocedures relating to the operation of the Fund; (xiv) PrepareAct as liaison to legal counsel to the Fund and, executewhere applicable, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by to legal counsel to the Fund’s independent registered public accounting firmMangers; (xv) PrepareCoordinate the preparation, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by execution of contracts between the Fund’s independent registered public accounting firmFund and third parties; (xvi) Prepare annual tax provisions Assist the Fund in handling and financial tax disclosuresresponding to routine regulatory examinations with respect to records retained or services provided by the Administrator, and coordinate with the Fund’s legal counsel in responding to any non-routine regulatory matters with respect to such matters; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance Coordinate as necessary the registration or qualification of Interests of the Fund with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedappropriate state securities authorities.

Description of Administration Services on a Continuous Basis. (a) PNC BNYM will perform the following administration services with respect to each PortfolioSeries that is registered under the 1940 Act: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio Series and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-QFederal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Series’ status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund’s financial statements for its annual and semi-Chapter M”annual shareholder reports, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Fund providing the voting records in an acceptable SEC EDGARizable format); (vii) Prepare and coordinate the filing of annual Post-Effective Amendments to the Fund’s Registration Statement (not including the creation of a series or class); prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (viii) Coordinate contractual relationships Administratively assist in obtaining the fidelity bond and communications between directors’ and officers’/errors and omissions insurance policies for the Funds and their contractual service providersFund; (ix) Prepare expense budgetsDraft agendas (with final selection of agenda items being made by Fund counsel) and resolutions for quarterly board meetings, accrual review and expense reports for special meetings of the board as neededmay be requested by the Fund and agreed to by BNYM; (x) Provide read-only on-line access Coordinate the assembly and mailing of board materials for quarterly board meetings, and for special meetings of the board as may be requested by the Fund and agreed to accounting system as requestedby BNYM; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, Attend quarterly board meetings and cash activity as specifieddraft minutes thereof; (xii) Coordinate printing Provide compliance policies and mailing of annual procedures related to services provided by BNYM and, if mutually agreed, certain BNYM affiliates, summary procedures thereof and semi-annual financial statementsperiodic certification letters; and make available, upon mutual agreement and to the extent reasonable, BNYM personnel for due diligence purposes to assist the Fund in its 38a-1 oversight responsibilities; (xiii) Prepare reports Maintain a regulatory calendar for the Fund Boards listing various SEC filing and attend Board meetings when and as requestedboard approval deadlines; (xiv) Prepare, execute, Maintain Fund records required under applicable Securities Laws and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval provide assistance with providing records in response to examinations of the Fund by the Fund’s independent registered public accounting firmany regulatory organization; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval If the chief executive officer or chief financial officer of the Fund is required to provide a certification pursuant to regulations promulgated by the Fund’s independent registered public accounting firmSEC under Section 302 of the Xxxxxxxx-Xxxxx Act of 2002, BNYM will provide (to such person or entity as agreed between the Fund and BNYM) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and BNYM from time to time. BNYM shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Xxxxxxxx-Xxxxx Act of 2002 or under any other regulatory requirement; (xvi) Prepare Provide, no more frequently than quarterly, certifications upon the reasonable request of the Fund’s chief compliance officer (the “CCO”) to enable the CCO to perform the annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (review of the Fund’s compliance program as such policy is provided in writing required by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in Rule 38a-1 of the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, 1940 Act. All regulatory services are subject to the extent available to PNC, survey information when review and in the form requestedapproval of Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC Highland will perform the following administration services with respect to each Portfolioat Highland’s sole expense: (i) Prepare quarterly broker security transactions summaries; (iia) Prepare monthly security transaction listings; (iiib) Supply, in the form requested, Supply various normal and customary Portfolio and Fund Company statistical data as requested on an ongoing basis; (ivc) Prepare for execution and ensure file the filing of the Funds’ annual Company’s federal and semi-annual reports state tax returns; prepare a fiscal tax provision in coordination with the SEC on Forms N-SAR annual audit; prepare an excise tax provision; and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Qprepare all relevant 1099 calculations; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viiid) Coordinate contractual relationships and communications between the Funds Company and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xiie) Coordinate printing and mailing of the Company’s annual and semi-annual shareholder reports; (f) Prepare income and capital gain distributions; (g) Prepare the semiannual and annual financial statements; (xiiih) Prepare reports for Fund Boards Monitor the Company’s compliance with Internal Revenue Code, SEC and attend Board meetings when and as requestedProspectus requirements; (xivi) PreparePrepare for execution and file, executeor cause to be filed, with the SEC: annual and file each Portfolio’s Federal quarterly reports on Form 10-K and state tax returns, including closed funds, and appropriate extensions after review and approval Form 10-Q based upon information provided by the Fund’s independent registered public accounting firmCompany, assist in the preparation of Forms 3, 4 and 5 pursuant to Section 16 of the Securities Exchange Act of 1934, as amended for the officers and directors of the Company, such filings to be based on information provided by those persons; (xvj) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by Assist in the Fund’s independent registered public accounting firmpreparation of notices of meetings of stockholders; (xvik) Prepare annual tax provisions Assist in obtaining the fidelity bond and financial tax disclosuresdirectors’ and officers’/errors and omissions insurance policies for the Company in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Company’s Board of Directors; (xviil) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustmentsMonitor the Company’s assets to assure adequate fidelity bond coverage is maintained; (xviiim) Prepare dividend calculationsDraft agendas and resolutions for quarterly and special board meetings; (n) Coordinate the preparation, including accompanying analysis assembly and earnings summary distribution of board materials; (o) Attend board meetings and draft minutes thereof; (p) Maintain the Company’s calendar to assure compliance with various filing and board approval deadlines; (q) Furnish the Company office space in the offices of Highland, or in such other place or places as may be agreed upon from time to time, and all necessary office facilities, equipment, supplies, utilities and telephone service for managing the affairs and investments of the Company; (r) Assist the Company in the handling of SEC examinations and responses thereto; (s) Perform clerical, bookkeeping, recordkeeping and all other administrative services not provided by the Company’s other service providers; (t) Determine or oversee the determination and publication of the Company’s net asset value in accordance with applicable the Company’s policy (as such policy is provided in writing adopted from time to time by VP Distributors to PNC), and maintain dividend historythe Board of Directors; (xixu) Prepare Oversee the maintenance by the Company’s custodian and transfer agent and dividend disbursing agent of certain books and records of the Company as required disclosures under Rule 31a-1(b)(2)(iv) of the 1940 Act and maintain (or oversee maintenance by such other persons as approved by the Board of Directors) such other books and records required by law or for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangiblesthe proper operation of the Company; (xxv) Monitor Prepare such information and propose procedures reports as needed may be required by any stock exchange or exchanges on which the Company’s Shares are listed; (w) Determine the amounts available for tax considerations in distribution as dividends and distributions to be paid by the following areas: corporate actionsCompany to its stockholders; prepare and arrange for the printing of dividend notices to stockholders; and provide the Company’s dividend disbursing agent and custodian with such information as is required for such parties to effect the payment of dividends and distributions and to implement the Company’s dividend reinvestment plan; (x) Serve as liaison between the Company and each of its service providers; (y) Be responsible for the Company’s allocable portion of the employment costs of the Company’s executive officers and their respective staffs and other employees of Highland who devote substantial attention to the administration of the Company, consent incomeexcept that the Company will be responsible for all costs relating to maintenance of a toll-free stockholder information telephone line, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basisincluding the reimbursement of the Company’s allocable share of routine overhead expenses of any third-party service provider furnishing this telephone line; and (xxiz) Prepare and deliver, Perform such additional administrative duties relating to the extent available to PNC, survey information when administration of the Company as may subsequently be agreed upon in writing between the Company and in the form requestedHighland.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare Perform tax services, including but not limited to, calculating wash sales, excise tax requirements, capital gains distributions and ensure the filing income distributions on a periodic or as needed basis; calculating year-end 1099-DIV redesignations, including QDI, QII, and FTC; preparing and reviewing of the Funds’ annual federal, state, and semi-annual reports with the SEC on Forms N-SAR excise tax returns; preparing and N-CSR recording ROCSOP entries; and the Fund’s quarterly reports with the SEC on Form N-Qproviding support to management for any fund structure changes; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing Provide access to fully automated compliance module for purposes of (or coordinate filing of, as may be mutually agreed) such other reports monitoring compliance with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended, the 1940 Act, and the Fund’s registration statement. Also provide daily and monthly Rule 2a-7 testing, and agreed upon daily, monthly, or quarterly reporting summaries; (“Subvi) Prepare the Fund’s annual and semi-Chapter M”annual shareholder reports, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Fund providing the voting records in the format required by PFPC) including creating and controlling production calendar and coordinating annual audit; (vii) Prepare and coordinate the filing of the Fund’s annual Post-Effective Amendment to its Registration Statement; prepare and coordinate the filing of supplements to the Registration Statement, prospectus and SAI (not to exceed one supplement per quarter, of one page or less in length); prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR (ii) Forms 40-17G; and (iii) Notices pursuant to Rule 24f-2; (viii) Coordinate contractual relationships Administratively assist in obtaining the fidelity bond and communications between directors’ and officers’/errors and omissions insurance policies for the Funds Fund in accordance with the requirements of Rule 17g-1 and their contractual service providers17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund’s Board of Trustees; (ix) Prepare expense budgetsDraft notices, accrual review agendas (with final selection of agenda items being made by Fund Counsel) and expense reports as neededresolutions for quarterly board meetings; (x) Provide read-only on-line access to accounting system Coordinate the preparation, assembly and mailing of board materials for quarterly board meetings, including but not limited to, coordinating schedule for quarterly board meetings; requesting and, when received, collating various board reports, including the reports of the investment manager, the distributor, the custodian, external auditors and others, as requestedrequired; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, Attend quarterly board meetings and cash activity as specifieddraft minutes thereof; (xii) Coordinate printing Provide compliance policies and mailing of procedures related to services provided by PFPC and, if mutually agreed, certain PFPC affiliates, summary procedures thereof and an annual and semi-annual financial statementscertification letter; (xiii) Prepare reports Maintain a regulatory calendar for the Fund Boards listing various SEC filing and attend Board meetings when and as requestedboard approval deadlines; (xiv) PrepareProvide fund performance information including pre- and post-tax and gross of fees, execute, on a daily basis or any required frequency; results delivered in electronic format; and file each Portfolio’s Federal transmit NAV and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firmperformance information for automatic population of client websites; (xv) Prepare, execute, Calculate and file each Portfolio’s federal excise returns (Form 8613) after review monitor the payment of dividends and approval by the Fund’s independent registered public accounting firmother distributions to shareholders; (xvi) Prepare annual tax provisions and financial tax disclosuresProvide periodic updates on recent, relevant regulatory events; (xvii) Prepare tax cost Provide such additional regulatory services upon such terms and for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustmentssuch fees as the parties hereto may agree in writing; (xviii) Prepare dividend calculationsBased on PFPC’s knowledge of the industry, periodically consult with the Co-Administrator (on an as-needed basis but not to exceed four hours per quarter) on the design, development and operations of the Fund, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC)new classes, investment objectives, policies, and maintain dividend history;structure; and (xix) Prepare required disclosures for shareholder reportingProvide support during regulatory examinations, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt incomeproviding the Fund with copies of applicable SEC requested documents that are in PFPC’s possession, and Florida intangibles; assisting the Fund (xxin person, if requested) Monitor in responding to SEC questions on applicable documents and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, matters related to such documents. Regulatory services performed by PFPC may be subject to the extent available review of Fund counsel, provided that the services described in subsections 14(xi) (with respect to PNC, survey information when the drafting of minutes) and in 14(vii) will be subject to the form requestedreview and approval of Fund Counsel.

Description of Administration Services on a Continuous Basis. (a) PNC The Administrator will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-QFederal and state tax return (state of incorporation); (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each PortfolioFund’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund’s financial statements for its annual and semi-Chapter M”annual shareholder reports, and prepare and coordinate the filing of Form N-PX (with the Fund providing the voting records in the format required by the Administrator); (vii) Provide financial data only to the Fund’s 10K and 10Q; (viii) Coordinate contractual relationships and communications between Calculate the Funds and their contractual service providersincentive fee using the form of computation provided by the Adviser; (ix) Prepare expense budgetsand coordinate the filing of annual Post-Effective Amendments to the Fund’s Registration Statement (not including the addition of a new series or class), accrual review and expense reports as needed; (x) Provide read-only on-line access Assist in the preparation of annual notices of meetings of stockholder and proxy materials relating to accounting system as requestedsuch annual meetings; (xi) Provide electronic transmissions Administratively assist in obtaining the fidelity bond and directors’ and officers’/errors and omissions insurance policies for the Fund in accordance with the requirements of holdings, transactions, security master, general ledger, NAV, security pricing data, Rule 17g-1 under the 1940 Act as such bond and cash activity as specifiedpolicies are approved by the Fund’s Board of Directors; (xii) Coordinate printing Draft agendas (with final selection of agenda items being made by Fund counsel) and mailing of annual and semi-annual financial statementsresolutions for quarterly board meetings; (xiii) Prepare reports Coordinate the preparation, assembly and mailing of board materials for Fund Boards quarterly board meetings and attend Board meetings when and as requestedboard committee meetings; (xiv) Prepare, execute, Attend quarterly board meetings and file each Portfolio’s Federal any board committee meetings and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firmdraft minutes thereof; (xv) Prepare, execute, Provide compliance policies and file each Portfolio’s federal excise returns (Form 8613) after review and approval procedures related to services provided by the Fund’s independent registered public accounting firm;Administrator and, if mutually agreed, certain of the Administrator affiliates, summary procedures thereof and periodic certification letters; and (xvi) Prepare annual tax provisions Maintain a regulatory calendar for the Fund listing various SEC filing and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, board approval deadlines. All regulatory services are subject to the extent available to PNC, survey information when review and in the form requestedapproval of Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services if required with respect to each Portfolioportfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iviii) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file upon execution the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (viiv) Assist in the preparation of registration statements notices of meetings of shareholders and other filings proxy materials relating to such meetings; (v) Monitor the registration Fund's assets to assure adequate fidelity bond coverage is maintained; (vi) Draft agendas and resolutions for quarterly and special Board meetings and draft written consents of Sharesthe Board; (vii) Coordinate the preparation, assembly and mailing of materials for Board meetings; (viii) Maintain the Fund's corporate calendar to assure compliance with various SEC filing and Board approval deadlines; (ix) Monitor the Fund's compliance with the amounts and conditions of each Portfolio’s state qualification; (x) Maintain the Fund's files; (xi) Provide periodic updates on recent significant regulatory events relating to the 1940 Act; (xii) Mail to appropriate parties the personal securities transaction quarterly reporting forms under the Fund's Code of Ethics pursuant to Rule 17j-1 under the 1940 Act; (xiii) Prepare and file semi-annual reports on Form N-SAR; (xiv) Prepare the Fund's annual and semi-annual shareholder reports (not including Form N-CSR); (xv) Coordinate the preparation, assembly and mailing of materials for Board meetings; and (xvi) Monitor the Fund's status as a regulated investment company Investment Company under Sub-chapter Chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”)amended; (viii) Coordinate contractual relationships and communications between the Funds and their contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requested.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s 's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare and file with the SEC the Fund's annual, semi-Chapter M”)annual, and quarterly shareholder reports; (vii) Prepare, coordinate with the Fund's counsel and file with the SEC Post-Effective Amendments to the Fund's Registration Statement, prepare reports to the SEC including, the preparation and filing of (i) semi-annual reports on Form N-SAR and (ii) Notice pursuant to Rule 24F-2; (viii) Assist in the preparation of notices of Annual or Special Meetings of Shareholders and Proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's Board of Trustees; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special Board meetings; (xii) Coordinate the preparation, assembly and mailing of Board materials; (xiii) Maintain the Fund's corporate calendar to assure compliance with various filing deadlines; (xiv) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm;; and (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by Monitor the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions 's compliance with the amounts and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedconditions of each state qualification.

Description of Administration Services on a Continuous Basis. (a) PNC Subject to the control of the Fund and the oversight Board, PFPC will perform the following administration services with respect to each Portfoliothe Fund: (a) Generally supervise the Fund’s filings with federal and state regulatory agencies; (b) Prepare, and coordinate with the Fund’s counsel, Fund management and other Fund service providers to file, regulatory filings with the Securities and Exchange Commission (“SEC”), including, but without limitation, amendments to the Fund’s Registration Statement on Form N-2, the Fund’s annual and semi-annual reports on Form N-SAR and Form N-CSR, and semi-annual reports on Form N-Q; (c) Prepare SEC filings and other documentation required for tender offers; (d) Prepare proxy materials relating to shareholder meetings; (e) Coordinate the preparation, assembly and mailing of materials for quarterly Board meetings (in electronic or hard copy format); (f) Draft agendas, notices, and resolutions for meetings of the Fund’s Board of Trustees or shareholders and draft written consents of the Fund’s Board of Trustees; (g) Attend quarterly Board meetings and draft minutes thereof; (h) Generally monitor the Fund’s service providers; (i) Coordinate contractual relationships and communications between the Fund and its service providers (j) Communicate significant relevant regulatory developments to the Fund on a quarterly basis or more frequently as requested by the Fund; (k) Maintain a regulatory calendar to ensure compliance with various SEC filing and Board approval deadlines; (l) Manage legal services; (m) Prepare quarterly broker security transactions summaries; (iin) Prepare monthly security transaction listings; (iiio) Supply, in Prepare for execution and file the form requested, various customary Portfolio Fund’s Federal and Fund statistical data on an ongoing basisstate tax returns; (ivp) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and Monitor the Fund’s quarterly reports with the SEC on Form N-Q; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended; (q) Complete applications for the Fund’s fidelity bond and directors’ and officers’/errors and omissions insurance policies, and file the Fund’s fidelity bond with the SEC in accordance with the requirements of Rule 17g-1 under the Investment Company Act of 1940, as amended (“Sub-Chapter M1940 Act”); (viiir) Coordinate contractual relationships and communications between Monitor the Funds and their contractual service providersFund’s assets to ensure adequate fidelity bond coverage is maintained; (ixs) Handle SEC examinations; (t) Maintain the Fund’s files; (u) Provide performance measurement and analysis, including furnishing performance data, statistical data and research data to the Fund; (v) Prepare expense budgetsand coordinate printing of all Fund-related documents, accrual review including private placement memoranda and expense reports as neededand other materials sent to shareholders; (w) Oversee the Fund’s financial reporting and assist the Fund’s auditors in the preparation of financial statements; (x) Provide read-only on-line access At the request of the Fund, assist in the development and monitoring of compliance procedures for the Fund concerning, among other matters, adherence of the Fund to accounting system as requestedits investment objectives, policies, restrictions, tax matters and applicable laws and regulations; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiiiy) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal Form D notices with the SEC and monitor state tax returns, including closed funds, exemption filings and appropriate extensions after review notices with various states and approval other jurisdictions made by other agents of the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxiz) Prepare and deliver, Perform such additional administrative duties relating to the extent available to PNC, survey information when administration of the Fund as may subsequently be agreed upon in writing between AIGGIC and in the form requestedFund.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services if required with respect to each Portfolioportfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iii) Prepare for execution and file the Fund's Federal and state tax returns; prepare a fiscal tax provision in coordination with the annual audit; prepare an excise tax provision; and prepare all relevant 1099 calculations; (iv) Prepare income and ensure the capital gain distributions; (v) Prepare and file (or coordinate this filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and of) the Fund’s quarterly reports 's Annual and Semi-Annual Reports with the SEC on Form N-Q; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this AgreementSAR via EDGAR; (vi) Assist Prepare, coordinate with the Fund's xxxxsel and coordinate the filing with the SEC: Form N-CSR; Form N-Q; Form N-PX (provided that the Fund's voting records are delivered to PFPC in the preparation of registration statements format required by PFPC); and other filings relating to the registration of SharesSchedule T/O and any amendments thereto in connection with periodic tender offers; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M Coordinate with the Fund's counsel all periodic tender offers and repurchases of shares, including the Internal Revenue Code printing, mailing, tracking of 1986, as amended (“Sub-Chapter M”)periodic tender offers and the tabulation of tender offer results; (viii) Coordinate contractual relationships and communications If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-CSR or Form N-Q filing pursuant to regulations promulgated by the SEC under Section 302 of the Sarbanes-Oxley Act of 2002, PFPC will provide (to such person or entity as agreed between the Funds Fund and their contractual service providersPFPC) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and PFPC from time to time, PFPC shall be required to provide the sub-certification only during the terms of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Act of 2002 or under any other regulatory requirements; (ix) Prepare expense budgets, accrual review Coordinate printing and expense reports as neededdistribution of the Fund's annual and semi-annual shareholder reports; (x) Provide read-only on-line access Periodically report compliance testing to accounting system as requested;the Fund's Chief Compliance Officer regarding investment restrictions based on the 1940 Act and any restrictions imposed on regulated investment companies by the Internal Revenue Code and/or Internal Revenue Service; and (xi) Provide electronic transmissions Perform such additional administrative duties relating to the administration of holdings, transactions, security master, general ledger, NAV, security pricing data, the Fund as may subsequently be agreed upon in writing between the Fund and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after PFPC. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar to assure compliance with various SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Xxxxxxxx-Xxxxx Act of 2002 or under any other regulatory requirement; and (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requested.

Description of Administration Services on a Continuous Basis. (a) PNC Highland will perform the following administration services with respect to each Portfolioservices: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio portfolio and Fund Trust statistical data as requested on an ongoing basis; (iviii) Prepare for execution and ensure file the filing of the Funds’ annual Trust’s federal and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Qstate tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viiiiv) Coordinate contractual relationships and communications between the Funds Trust and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xiiv) Coordinate printing and mailing of the Trust’s annual and semi-annual shareholder reports; (vi) Prepare income and capital gain distributions; (vii) Prepare the semiannual and annual financial statements; (viii) Monitor the Trust’s compliance with Internal Revenue Code, Commission and prospectus requirements; (ix) Prepare, coordinate with the Trust’s counsel and coordinate the filing with the Commission: Post-Effective Amendments to the Trust’s Registration Statement and supplements to or revisions of the Trust’s prospectus and statement of additional information; “shelf” registrations; the preparation and filing of Forms N-23c-3 or Schedule TOs (or their successor forms with respect to repurchase offers), whichever filing is currently applicable to the Trust; semi-annual reports on Form N-SAR and Form N-CSR; Forms N-Q; and Form N-PX based upon information provided by the Trust, assist in the preparation of Forms 3, 4 and 5 pursuant to Section 16 of the 1934 Act and Section 30(h) of the 1940 Act for the officers and trustees of the Trust, such filings to be based on information provided by those persons; (x) Assist in the preparation of notices of meetings of shareholders; (xi) Assist in obtaining the fidelity bond and trustees’ and officers’/errors and omissions insurance policies for the Trust in accordance with the requirements of Rules 17g-1 and 17d-1(d)(7), respectively, under the 1940 Act as such bond and policies are approved by the Board of Trustees; (xii) Monitor the Trust’s assets to assure adequate fidelity bond coverage is maintained; (xiii) Prepare reports Draft agendas and resolutions for Fund Boards quarterly and attend Board meetings when special board and as requestedcommittee meetings; (xiv) PrepareCoordinate the preparation, execute, assembly and file each Portfolio’s Federal distribution of board and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firmcommittee materials; (xv) Prepare, execute, Attend board and file each Portfolio’s federal excise returns (Form 8613) after review committee meetings and approval by the Fund’s independent registered public accounting firmdraft minutes thereof; (xvi) Prepare annual tax provisions Maintain the Trust’s calendar to assure compliance with various filing and financial tax disclosuresboard approval deadlines; (xvii) Prepare tax cost Furnish the Trust office space in the offices of Highland, or in such other place or places as may be agreed upon from time to time, and all necessary office facilities, simple business equipment, supplies, utilities and telephone service for semi-annual managing the affairs and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustmentsinvestments of the Trust; (xviii) Prepare dividend calculations, including accompanying analysis Assist the Trust in the handling of Commission examinations and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend historyresponses thereto; (xix) Prepare required disclosures for shareholder reportingPerform clerical, including Form 1099-DIV reporting bookkeeping and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangiblesall other administrative services not provided by the Trust’s other service providers; (xx) Monitor Determine or oversee the determination and propose procedures publication of the Trust’s net asset value in accordance with the Trust’s policy as needed adopted from time to time by the Board of Trustees; (xxi) Oversee the maintenance by the Trust’s custodian and transfer agent and dividend disbursing agent of certain books and records of the Trust as required under Rule 31a-1(b) of the 1940 Act and maintain (or oversee maintenance by such other persons as approved by the Board of Trustees) such other books and records required by law or for tax considerations the proper operation of the Trust; (xxii) Prepare such information and reports as may be required by any stock exchange or exchanges on which the Trust’s shares may be listed in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, future; (xxiii) Determine the amounts available for distribution as dividends and legislation distributions to be paid by the Trust to its shareholders; prepare and industry developments on an ad hoc basisarrange for the printing of dividend notices to shareholders; and provide the Trust’s dividend disbursing agent and custodian with such information as is required for such parties to effect the payment of dividends and distributions and to implement the Trust’s dividend reinvestment plan; and (xxixxiv) Prepare Serve as liaison between the Trust and delivereach of its service providers. Highland shall have the authority to engage a sub-administrator in connection with the administrative services of the Trust, which sub-administrator may be an affiliate of Highland; provided, however, that Highland shall remain responsible to the extent available Trust with respect to PNC, survey information when Highland’s duties and obligations set forth in the form requestedthis Agreement.

Description of Administration Services on a Continuous Basis. (a) Subject to the service levels set forth on Exhibit C attached hereto, PNC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-QFederal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund’s financial statements for its annual and semi-Chapter M”annual shareholder reports, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Fund providing the voting records in an acceptable SEC EDGARizable format); (vii) Prepare and coordinate the filing of any Post-Effective Amendments and supplements (no more than four (4) supplements per year) to the Fund’s Registration Statement (not including the creation of a series or class); provide financial data required in the prospectus and statement of additional information to the extent such financial data has been prepared by or is in the possession of PNC; prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2. For the avoidance of doubt, any Post-Effective Amendments includes the preparation and coordinating the filing of any summary prospectuses and the new form of statutory prospectuses; (viii) Coordinate contractual relationships Administratively assist in obtaining the fidelity bond and communications between directors’ and officers’/errors and omissions insurance policies for the Funds Fund and their contractual service providerscoordinating with the Fund any required filings related thereto; (ix) Prepare expense budgets, accrual review Draft agendas (with final selection of agenda items being made by Adviser and expense reports as neededFund counsel) and resolutions for all board and committee meetings; (x) Provide read-only on-line access Coordinate the assembly and mailing of board and committee materials for any board and committee meetings including the annual board meeting for the approval of the Fund’s management agreements pursuant to accounting system as requestedSection 15(c) of the 1940 Act; Attend quarterly board meetings and draft minutes thereof; (xi) Provide electronic transmissions of holdingscompliance policies and procedures related to services provided by PNC and, transactionsif mutually agreed, security mastercertain PNC affiliates, general ledger, NAV, security pricing data, summary procedures thereof and cash activity as specified;periodic certification letters; make available PNC personnel for due diligence purposes to assist the Fund in its 38a-1 oversight responsibilities. (xii) Coordinate printing Maintain a regulatory calendar for the Fund listing various SEC filing and mailing of annual and semi-annual financial statementsboard approval deadlines; (xiii) Prepare reports for Monitoring and recording of corporate actions, monitoring of any applicable Portfolio expense limitations or waivers, maintenance of Fund Boards records required under applicable Securities Laws, daily Portfolio compliance monitoring, assistance with providing records in response to examinations of the Fund by any regulatory organization, assistance with complying with Xxxxxxxx-Xxxxx Act requirements such as obtaining sub-certifications and attend Board meetings when coordinating the periodic meeting of the Fund’s (or Adviser’s) Disclosure Controls Committee and as requestedattending and preparing the minutes related thereto; (xiv) Prepare, execute, Provide reports and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by certifications upon the reasonable request of the Fund’s independent registered public accounting firm;chief compliance officer (the “CCO”) to enable the CCO to perform the annual review of the Fund’s compliance program as required by Rule 38a-1 of the 1940 Act; and (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after Provide the typesetting services as set forth in Exhibit B attached hereto. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC The Administrator will perform the following administration administrative services with respect to each Portfoliofor the Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, various customary Portfolio and Fund statistical data on an ongoing basis; (iv) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports 's Annual and Semi-Annual Reports with the SEC on Form N-QSAR via XXXXX; (ii) Coordinate with the adviser the preparation and printing of the Fund's annual and semi-annual Member reports and filing Form N-CSR with the SEC; (iii) Provide such fund accounting and financial reports in connection with quarterly meetings of the Board of Managers as are required or as the Board may reasonably request; (iv) Work with tax preparer for execution and file the Fund's Federal Form 1065 and state tax returns; (v) If mutually agreed by PNC Manage the repurchase offer process, including coordinating with outside service provider to distribute repurchase offers, track Member responses and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreementtabulate repurchase offer results; (vi) Assist in Coordinate with the preparation of Fund's counsel on drafting, reviewing and filing registration statements and other filings relating to repurchase offers, and coordinate printing and distribution of the registration of SharesFund's Prospectus and repurchase offers; (vii) Monitor each Portfolio’s status as a regulated investment company under SubAssist the Fund in handling and responding to routine regulatory examinations with respect to records retained or services provided by the Administrator, and coordinate with the Fund's legal counsel in responding to any non-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”)routine regulatory matters with respect to such matters; (viii) Coordinate contractual relationships and communications between Review investor certifcations submitted by prospective investors in the Funds and their contractual service providersFund; (ix) Prepare expense budgets, accrual review and expense reports Coordinate as needednecessary the registration or qualification of Interests of the Fund with appropriate state securities authorities; (x) Provide read-only on-line access such additional administrative duties relating to accounting system the administration of the Fund as requested;may subsequently be agreed upon in writing between the Fund and the Administrator; and (xi) Provide electronic transmissions Mail reports of holdings, transactions, security master, general ledger, NAV, security pricing data, the Adviser and cash activity Semi-Annual Financial Statements to investors as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and well as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedany other necessary correspondence.

Description of Administration Services on a Continuous Basis. (a) PNC will perform the following administration services if required or as applicable with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries;Supply various normal and customary Fund statistical data as requested on an ongoing basis (ii) Prepare monthly security transaction listings; (iii) Supply, Assist in the form requested, various customary Portfolio preparation and Fund statistical data on an ongoing basis; (iv) Prepare coordinate the printing of the Fund’s Annual and ensure Semi-Annual Shareholder Reports; coordinate the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports same with the SEC on Form N-QSAR via XXXXX; (iii) Assist in the preparation and coordinate the filing of the Form N-Q with the SEC via XXXXX; (iv) Coordinate with the Fund’s counsel the preparation of and coordinate the filing of: annual Post-Effective Amendments to the Fund’s Registration Statement (if needed); Form N-CSR and Form N-PX (provided that the Fund’s voting records are delivered to PNC in the format required by PNC and PNC is not responsible for maintaining the Fund’s voting records); (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or Administratively assist in obtaining the preparation of) fidelity bond and ensure directors’ and officers’/errors and omissions insurance policies for the filing of (or coordinate filing of, as may be mutually agreed) such other reports Fund in accordance with the SEC requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as may be required such bond and policies are approved by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this AgreementFund’s Governing Board; (vi) Assist in the preparation Draft agendas (with final selection of registration statements agenda items being made by Fund counsel) and other filings relating to the registration of Sharesresolutions for quarterly board meetings; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”)Assemble and mail board materials for quarterly board meetings; (viii) Coordinate contractual relationships Attend quarterly board meetings and communications between the Funds and their contractual service providersdraft minutes thereof; (ix) Prepare expense budgets, accrual review Maintain the Fund’s corporate calendar listing various SEC filing and expense reports as neededboard approval deadlines; (x) Provide read-only on-line access to accounting system as requestedAdministratively assist the Fund in providing Fund documents in the possession of PNC for SEC examinations; (xi) Provide electronic transmissions If the chief executive officer or chief financial officer of holdingsthe Fund is required to provide a certification as part of the Fund’s Form N-CSR or Form N-Q filing pursuant to regulations promulgated by the SEC under Section 302 of the Xxxxxxxx-Xxxxx Act of 2002, transactionsPNC will provide (to such person or entity as agreed between the Fund and PNC) a sub-certification in support of certain matters set forth in the aforementioned certification, security mastersuch sub-certification to be in such form and relating to such matters as agreed between the Fund and PNC from time to time, general ledgerPNC shall be required to provide the sub-certification only during the terms of this Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, NAV, security pricing data, and cash activity as specifiedthe sub-certification is not itself a certification under the Xxxxxxxx-Xxxxx Act of 2002 or under any other regulatory requirement; (xii) Coordinate printing Provide compliance policies and mailing of procedures related to certain services provided by PNC and, if mutually agreed, certain PNC affiliates, summary procedures thereof and an annual and semi-annual financial statements;certification letter; and (xiii) Prepare reports Perform such additional administrative duties relating to the administration of the Fund upon such terms and conditions and for such fees as may subsequently be agreed upon in writing between the Fund Boards and attend Board meetings when and as requested;PNC. (xiv) Prepare, execute, Assist Fund's counsel and file each Portfolio’s Federal Fund management with the preparation of Schedule TO and state tax returns, including closed funds, amendments thereto and appropriate extensions after coordinate the filing thereof with the Fund's financial printer. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar that identifies the required SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-Q or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Act of 2000, XXXX xxxx provide (to such person or entity as agreed between the Fund and PFPC) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and PFPC from time to time. PFPC shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Act of 2000 xx xxxxx xny other regulatory requirement; and (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments;; and (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary Such other regulatory services as the parties hereto may from time to time agree upon in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, writing. All regulatory services are subject to the extent available to PNC, survey information when review and in the form requestedapproval of Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC BNYM will perform the following administration services with respect to each PortfolioPortfolio that is registered under the 1940 Act: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-QFederal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund’s financial statements for its annual and semi-Chapter M”annual shareholder reports, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Fund providing the voting records in the format required by BNYM); (vii) Prepare and coordinate the filing of annual Post-Effective Amendments to the Fund’s Registration Statement (not including the creation of a series or class); prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (viii) Coordinate contractual relationships Administratively assist in obtaining the fidelity bond and communications between directors’ and officers’/errors and omissions insurance policies for the Funds and their contractual service providersFund; (ix) Prepare expense budgets, accrual review Draft agendas (with final selection of agenda items being made by Fund counsel) and expense reports as neededresolutions for quarterly board meetings; (x) Provide read-only on-line access to accounting system as requestedCoordinate the assembly and mailing of board materials for quarterly board meetings; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, Attend quarterly board meetings and cash activity as specifieddraft minutes thereof; (xii) Coordinate printing [Provide compliance policies and mailing of annual procedures related to services provided by BNYM and, if mutually agreed, certain BNYM affiliates, summary procedures thereof and semi-annual financial statements;periodic certification letters]; and (xiii) Prepare reports Maintain a regulatory calendar for the Fund Boards listing various SEC filing and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after board approval deadlines. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar that identifies the required SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-Q or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Axx xx 0000, XXC will provide (to such person or entity as agreed between the Fund and PNC) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and PNC from time to time. PNC shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Axx xx 0000 or under any other regulatory requirement; and (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments;; and (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary Such other regulatory services as the parties hereto may from time to time agree upon in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, writing. All regulatory services are subject to the extent available to PNC, survey information when review and in the form requestedapproval of Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare and ensure the filing of the Funds’ annual and semi-annual reports for execution, review with the SEC on Forms N-SAR Fund's Chief Financial Officer, and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s 's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare, coordinate with the Fund and the Fund's counsel, and file with the SEC the Fund's annual, semi-Chapter M”)annual, and quarterly shareholder reports; (vii) Prepare, coordinate with the Fund's counsel and file with the SEC Post-Effective Amendments to the Fund's Registration Statement, prepare reports to the SEC including, the preparation and filing of (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (viii) Assist in the preparation of notices of Annual or Special Meetings of Shareholders and Proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's Board of Trustees; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special Board meetings; (xii) Coordinate the preparation, assembly and mailing of Board materials; (xiii) Maintain the Fund's corporate calendar to assure compliance with various filing and Board approval deadlines; (xiv) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm;; and (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by Monitor the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions 's compliance with the amounts and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedconditions of each state qualification.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-QFederal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund’s annual and semi-Chapter M”annual shareholder reports, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Fund providing the voting records in the format required by PFPC); (vii) Prepare and coordinate the filing of annual Post-Effective Amendments to the Fund’s Registration Statement (other than adding a new Portfolio or class); prepare and file (or coordinate the filing of) (i) annual and semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (viii) Coordinate contractual relationships Administratively assist in obtaining the fidelity bond and communications between directors’ and officers’/errors and omissions insurance policies for the Funds Fund in accordance with the requirements of Rule 17g-1 and their contractual service providers17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund’s Board of Directors or Trustees; (ix) Prepare expense budgets, accrual review and expense reports as neededCoordinate the filing of the Fund’s fidelity bond with the SEC; (x) Provide read-only on-line access to accounting system as requestedDraft notices, agendas and resolutions for quarterly board meetings and draft actions by written consent of the Board; (xi) Provide electronic transmissions Coordinate the preparation, assembly and mailing of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specifiedboard materials for quarterly board meetings; (xii) Coordinate printing Attend quarterly board meetings and mailing of annual and semi-annual financial statementsdraft minutes thereof; (xiii) Prepare reports Maintain a regulatory calendar for the Fund Boards listing various SEC filing and attend Board meetings when and as requestedboard approval deadlines; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by Maintain the Fund’s independent registered public accounting firmcontract files; (xv) PrepareProvide compliance policies and procedures related to services provided by PFPC and, executeif mutually agreed, certain PFPC affiliates, summary procedures thereof and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firman annual certification letter; (xvi) Prepare annual tax provisions Monitor the Fund’s compliance with the amounts and financial tax disclosuresconditions of each state blue sky qualification; (xvii) Prepare tax cost In connection with blue sky filings, the Fund hereby grants PFPC a limited power of attorney on behalf of the Fund to sign all blue sky filings and other related documents in order to effect such filings. The Fund will provide PFPC a listing of all jurisdictions in which each Portfolio (and class thereof) is lawfully available for semisale as of the date of this Agreement and in which the Fund desires PFPC to effect a blue sky filing; and (xviii) Provide sub-annual certifications, in a form to be determined by PFPC, to the Fund’s chief executive officer and chief financial officer in support of certain matters related to the work product prepared by PFPC and set forth in the Fund’s Form N-CSR and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, filings. All regulatory services are subject to the extent available to PNC, survey information when review and in the form requestedapproval of Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services if required with respect to each Portfolioportfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund Partnership statistical data as requested on an ongoing basis; (iviii) Prepare for execution and ensure file the filing of the Funds’ annual Partnership's Federal Form 1065 and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Qstate tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viiiiv) Coordinate contractual relationships and communications between the Funds Partnership and their its contractual service providers; (v) Prepare and file the Partnership's Annual and Semi-Annual Reports with the SEC on Form N-SAR via XXXXX; (vi) Coordinate printing of the Partnership's annual and semi-annual shareholder reports; and (vii) Prepare and coordinate with the Partnership's counsel and Partnership management Post-Effective Amendments to the Partnership's Registration Statement on Form N-2, as needed, and coordinate the filing with the Partnership's financial printer; (viii) Assist in the preparation of notices of annual meetings of shareholders and proxy materials relating to such meetings; (ix) Prepare expense budgets, accrual review Assist in obtaining the fidelity bond and expense reports directors' and officers'/errors and omissions insurance policies for the Partnership in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as neededsuch bond and policies are approved by the Partnership's Board of Directors and coordinate the SEC filing of the fidelity bond; (x) Provide read-only on-line access Monitor the Partnership's assets to accounting system as requestedassure adequate fidelity bond coverage is maintained; (xi) Provide electronic transmissions Draft agendas and resolutions for quarterly Board meetings and draft written consents of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specifiedthe Board; (xii) Coordinate printing the preparation, assembly and mailing of annual and semi-annual financial statementsmaterials for quarterly Board meetings; (xiii) Prepare reports for Fund Boards and attend Attend quarterly Board meetings when and as requesteddraft minutes thereof; (xiv) Prepare, execute, Maintain a calendar to assure compliance with various SEC filing and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and Board approval by the Fund’s independent registered public accounting firmdeadlines; (xv) Prepare, execute, Assist the Partnership in the handling of SEC examinations and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firmresponses thereto; (xvi) Prepare annual tax provisions and financial tax disclosuresMaintain the Partnership's files; (xvii) Prepare tax cost Assist in preparing the documentation (including SEC filings) required for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments;periodic tender offers; and (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors Communicate significant regulatory developments to PNC), and maintain dividend history;the Partnership on a quarterly basis. (xix) Prepare required disclosures for shareholder reportingAs instructed by the Partnership, including Form 1099-DIV reporting and supporting materials such as QDIPFPC shall provide tax estimates, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliverletter form, to investors. Such estimates shall be based solely on estimates and assumptions provided to PFPC by the extent available Partnership. PFPC shall have no responsibility to PNC, survey verify the accuracy or completeness of the information when and in provided by the form requestedPartnership.

Description of Administration Services on a Continuous Basis. (a) PNC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-QFederal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund’s financial statements for its annual and semi-Chapter M”annual shareholder reports, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Fund providing the voting records in the format required by PNC); (vii) Prepare and coordinate the filing of annual Post-Effective Amendments to the Fund’s Registration Statement; prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (viii) Coordinate contractual relationships and communications between the Funds and their contractual service providersfiling of the Fund’s fidelity bond in accordance with the requirements of Rule 17g-1 under the 1940 Act as such bond is approved by the Fund’s Board of Directors; (ix) Prepare expense budgets, accrual review Draft agendas (with final selection of agenda items being made by Fund counsel) and expense reports as neededresolutions for quarterly board meetings; (x) Provide read-only on-line access to accounting system as requestedAssemble and mail board materials for quarterly board meetings; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, Attend quarterly board meetings and cash activity as specifieddraft minutes thereof; (xii) Coordinate printing Provide compliance policies and mailing of annual procedures related to services provided by PNC and, if mutually agreed, certain PNC affiliates, summary procedures thereof and semi-annual financial statementsperiodic certification letters; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested;Maintain the Fund’s files; and (xiv) Prepare, execute, Maintain a regulatory calendar for the Fund listing various SEC filing and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after board approval deadlines. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each PortfolioSeries: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio Series and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports 's Federal and state tax returns; (v) Prepare and file the Fund's Semi Annual Reports with the SEC on Form N-Q; (v) If mutually agreed by PNC SAR and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this AgreementNotices pursuant to Rule 24f-2; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Series' status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvii) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports (including Form N-CSR) and Form N-Q, and coordinate with the Fund's financial printer the filing of Forms N-CSR and N-Q with the SEC; (viii) Coordinate contractual relationships Monitor sales of the Fund's shares and communications between assure that the Funds and their contractual service providersFund has properly registered such shares with the applicable state authorities; (ix) Prepare and monitor an expense budgetsbudget for each Series, accrual review and expense reports as neededincluding accruals for each category of expenses; (x) Provide read-only on-line access Determine the amount of dividends and other distributions payable to accounting system shareholders as requestednecessary to maintain the qualification as a regulated investment company of each Series of the Fund under the Code; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing dataPrepare and coordinate with the Fund's counsel the annual Post-Effective Amendment to the Fund's registration statement (other than adding a new series or class), and cash activity as specifiedcoordinate with the Fund's financial printer to make such filing with the SEC; (xii) Coordinate printing Assist administratively in obtaining the fidelity bond and mailing directors' and officers'/ errors and omissions insurance policies for the Fund in accordance with the requirements of annual Rules 17g-1 and semi-annual financial statements17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's Board of Trustees; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requestedCoordinate the filing of the Fund's fidelity bond with the SEC; (xiv) PreparePrepare notices, executeagendas, and file each Portfolio’s Federal resolutions for quarterly Board meetings and state tax returns, including closed funds, and appropriate extensions after review and approval draft actions by written consent of the Fund’s independent registered public accounting firmBoard; (xv) PrepareCoordinate the preparation, execute, assembly and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firmmailing of quarterly Board materials; (xvi) Prepare annual tax provisions Attend quarterly Board meetings, make presentations at such meetings as appropriate, and financial tax disclosuresdraft minutes of such meetings; (xvii) Prepare tax cost Maintain a calendar for semithe Fund that shall list various SEC filing and Board approval deadlines; (xviii) Maintain the Fund's contract files; (xix) Provide compliance policies and procedures related to services provided by PFPC and, if mutually agreed, certain PFPC affiliates, summary procedures thereof and an annual certification letter; and (xx) Provide a sub-annual certification to the Fund's chief executive officer and chief financial officer in support of certain matters related to the work product prepared by PFPC and set forth in the Fund's Form N-CSR and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, filings. All regulatory services are subject to the extent available to PNC, survey information when review and in the form requestedapproval of Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar to assure compliance with various SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-SAR or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Acx xx 0000, XXXC will provide (to such person or entity as agreed between the Fund and PFPC) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and PFPC from time to time. PFPC shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Acx xx 0000 xx under any other regulatory requirement; and (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requested.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfolioservices: (i) Prepare quarterly broker security transactions summariessummaries including principal and agency transactions and related commissions; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio portfolio and Fund Company statistical data as requested on an ongoing basis; (iv) Provide to the extent contained in accounting records materials required for board reporting as may be requested from time to time; (v) Prepare for execution and file the Company's Federal Form 1065 and state tax returns; (vi) Prepare and ensure file the filing of the Funds’ annual Company's Annual and semiSemi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports Annual Reports with the SEC on Form N-QSAR via XXXXX; (vvii) If mutually agreed by PNC Prepare and VP Distributors in writing, prepare (or assist in the preparation of) coordinate printing of and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by via XXXXX of the SEC Company's annual and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreementsemi-annual shareholder reports; (viviii) Assist in the preparation of registration statements and other filings relating to the registration of Sharesstatements; (viiix) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of Transmit or otherwise send, to the Internal Revenue Code of 1986extent practicable and feasible, as amended (“Sub-Chapter M”)requested detailed information related to the Members, including admission details, income, capital gains and losses, and performance detail; (viiix) Mail Company offering materials to prospective investors; (xi) Mail quarterly reports of the Adviser and Semi-Annual Financial Statements to investors as well as any other necessary correspondence; (xii) Copy the Board of Managers on routine correspondence sent to Members; (xiii) Coordinate contractual relationships and communications between the Funds Company and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval Maintain certain bank accounts of the Company which are authorized by the Fund’s independent registered public accounting firm;Company and agreed to by PFPC; and (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by Provide standard materials in connection with quarterly meetings of the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedCompany's Board of Managers.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar that identifies the required SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-SAR or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Act of 2000, XXXX xxxx provide (to such person or entity as agreed between the Fund and PFPC) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and PFPC from time to time. PFPC shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Act of 2000 xx xxxxx xny other regulatory requirement; and (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requested.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each PortfolioFund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio Fund and Fund Trust statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure filing the filing of the Funds’ annual Trust’s Federal and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Qstate tax re­turns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each PortfolioFund’s status as a regulated investment regulat­ed invest­ment company under Sub-—chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Trust’s annu­al and semi-Chapter M”annual share­holder re­ports, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Trust providing the voting records in the format required by PFPC); (vii) Prepare and coordinate the filing of annual Post-Effective Amendments to the Trust’s Registration Statement; prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR and (ii) notices pursuant to Rule 24f-2; (viii) Coordinate contractual relationships Administratively assist in obtaining the fidelity bond and communications between directors’ and officers’/errors and omissions insurance policies for the Funds Trust in accordance with the requirements of Rule 17g-1 and their contractual service providers17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Trust’s Board of Trustees; (ix) Prepare expense budgets, accrual review Draft agendas and expense reports as neededresolutions for quarterly board meetings with the final selection of agenda items being made by the Trust’s counsel; (x) Provide read-only on-line access to accounting system as requestedCoordinate the preparation, assembly and mailing of board materials for quarterly board meetings; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, Attend quarterly board meetings and cash activity as specifieddraft minutes thereof; (xii) Coordinate printing Maintain a regulatory calendar for the Trust listing various SEC filing and mailing of annual and semi-annual financial statements;board approval deadlines; and (xiii) Prepare reports for Fund Boards Provide compliance policies and attend Board meetings when procedures related to services provided by PFPC and, if mutually agreed, certain PFPC affiliates, summary procedures thereof and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after an annual certification letter. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Trust counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfolio: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-QFederal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund’s annual and semi-Chapter M”annual Shareholder reports, and prepare and coordinate the filing of Forms N-CSR, N-Q and N-PX (with the Fund responsible for providing the voting records in the format required by PFPC); (vii) Prepare and coordinate the filing of annual Post-Effective Amendments to the Fund’s Registration Statement; prepare and file (or coordinate the filing of) (i) semi-annual reports on Form N-SAR and (ii) Notices pursuant to Rule 24f-2; (viii) Coordinate contractual relationships Administratively assist in obtaining the fidelity bond and communications between directors’ and officers’/errors and omissions insurance policies for the Funds Fund in accordance with the requirements of Rules 17g-1 and their contractual service providers17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund’s Board of Trustees and prepare and coordinate the filing of the Fund’s fidelity bond; (ix) Prepare expense budgets, accrual review Draft agendas and expense reports as neededresolutions for quarterly board meetings with final selection of agenda items being made by the Fund and/or Fund counsel; (x) Provide read-only on-line access to accounting system as requestedCoordinate the preparation, assembly and mailing of board materials for quarterly board meetings; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, Attend quarterly board meetings and cash activity as specifieddraft minutes thereof; (xii) Coordinate printing Maintain a regulatory calendar for the Fund listing various filing and mailing of annual and semi-annual financial statementsboard approval deadlines; (xiii) Prepare reports for Fund Boards Provide compliance policies and attend Board meetings when procedures related to services provided by PFPC and, if mutually agreed, certain PFPC affiliates, summary procedures thereof and as requested;an annual certification letter; and (xiv) PrepareMonitor the Fund’s compliance with the amounts and conditions of each state blue sky qualification and perform appropriate blue sky filings. In connection with blue sky filings, execute, the Fund hereby grants PFPC a limited power of attorney on behalf of the Fund to sign all blue sky filings and file other related documents in order to effect such filings. The Fund will provide PFPC a listing of all jurisdictions in which each Portfolio’s Federal Portfolio (and state tax returns, including closed funds, class thereof) is lawfully available for sale and appropriate extensions after in which the Fund desires PFPC to effect a blue sky filing. All regulatory services are subject to the review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedof Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC PFPC will perform the following administration services with respect to each Portfoliothe Fund: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iv) Prepare for execution and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports with the SEC on Form N-Q's Federal and state tax returns; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Monitor the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s Fund's status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended amended; (“Subvi) Prepare the Fund's annual and semi-Chapter M”)annual shareholder reports; (vii) Prepare and coordinate with the Fund's counsel post-effective amendments to the Fund's registration statement on Form N-2, as needed, and coordinate with the Fund's financial printer to file such amendments; and prepare and file semi-annual reports on Form N-SAR, subject to the review of Fund management; (viii) Assist in the preparation of notices of annual or special meetings of shareholders and proxy materials relating to such meetings; (ix) Assist in obtaining the fidelity bond and directors' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's board of directors; (x) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained; (xi) Draft agendas, resolutions and materials for quarterly and special board meetings and draft written consents of the board; (xii) Coordinate the preparation, assembly and mailing of board materials; (xiii) Attend board meetings and draft minutes thereof; (xiv) Maintain a calendar that identifies the required SEC filing and board approval deadlines; (xv) Assist the Fund in the handling of SEC examinations and responses thereto; (xvi) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-Q or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Acx xx 0000, XXXC will provide (to such person or entity as agreed between the Fund and PFPC) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and PFPC from time to time. PFPC shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Acx xx 0000 xx xnder any other regulatory requirement; and (xvii) Coordinate contractual relationships and communications between the Funds Fund and their its contractual service providers; (ix) Prepare expense budgets, accrual review and expense reports as needed; (x) Provide read-only on-line access to accounting system as requested; (xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested; (xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm; (xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm; (xvi) Prepare annual tax provisions and financial tax disclosures; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments;; and (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary Such other regulatory services as the parties hereto may from time to time agree upon in accordance with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, writing. All regulatory services are subject to the extent available to PNC, survey information when review and in the form requestedapproval of Fund counsel.

Description of Administration Services on a Continuous Basis. (a) PNC The Administrator will perform the following administration services with respect to each Portfolioservices: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis; (iii) Coordinate with the Adviser contractual relationships and communications between the Fund and its contractual service providers; (iv) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and file the Fund’s quarterly reports 's Annual and Semi-Annual Reports with the SEC on Form N-QSAR via EDGAR; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in Coordinate with the Adviser the preparation of) xxx xrinting of the Fund's annual and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement;semi-annual shareholder reports; and (vi) Assist in the preparation of registration statements and other filings Perform such additional administrative duties relating to the registration administration of Shares;the Fund as may subsequently be agreed upon in writing between the Fund and the Administrator. (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M Provide such fund accounting and financial reports in connection with quarterly meetings of the Internal Revenue Code Board of 1986, Managers as amended (“Sub-Chapter M”)are required or as the Board may reasonably request; (viii) Coordinate contractual relationships Manage the tender offer process, including coordinating with outside service provider to distribute tender offers, track shareholder responses and communications between the Funds and their contractual service providerstabulate tender offer results; (ix) Prepare expense budgetsProvide individuals to serve as officers of the Fund, accrual review and expense reports as neededrequested; (x) Provide read-only on-line access to accounting system as requestedCoordinate with the Fund's counsel on drafting, reviewing and filing registration statements and tender offers, and coordinate printing and delivery of prospectus and tender offers; (xi) Provide electronic transmissions Coordinate the Fund's Board of holdingsMangers' schedule, transactions, security master, general ledger, NAV, security pricing dataagenda and production of Board meeting materials, and cash activity as specifiedattend Board meetings (if requested); (xii) Coordinate printing Provide consultation to the Fund and mailing its Adviser on regulatory matters relating to the operation of annual the Fund, and semi-annual financial statementsupdate the Fund and its Adviser on significant regulatory and legislative evelopments which may affect the Fund; (xiii) Prepare reports for Develop or assist legal counsel to the Fund Boards in the development of policies and attend Board meetings when and as requestedprocedures relating to the operation of the Fund; (xiv) PrepareAct as liaison to legal counsel to the Fund and, executewhere applicable, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by to legal counsel to the Fund’s 's independent registered public accounting firmMangers; (xv) PrepareCoordinate the preparation, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by execution of contracts between the Fund’s independent registered public accounting firmFund and third parties; (xvi) Prepare annual tax provisions Assist the Fund in handling and financial tax disclosuresresponding to routine regulatory examinations with respect to records retained or services provided by the Administrator, and coordinate with the Fund's legal counsel in responding to any non-routine regulatory matters with respect to such matters; (xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments; (xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance Coordinate as necessary the registration or qualification of Interests of the Fund with applicable policy (as such policy is provided in writing by VP Distributors to PNC), and maintain dividend history; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangibles; (xx) Monitor and propose procedures as needed for tax considerations in the following areas: corporate actions, consent income, bad debt/restructurings, new instruments, premium amortization, and legislation and industry developments on an ad hoc basis; and (xxi) Prepare and deliver, to the extent available to PNC, survey information when and in the form requestedappropriate state securities authorities.

Description of Administration Services on a Continuous Basis. (a) PNC Highland will perform the following administration services with respect to each Portfolioservices: (i) Prepare quarterly broker security transactions summaries; (ii) Prepare monthly security transaction listings; (iiiii) Supply, in the form requested, Supply various normal and customary Portfolio portfolio and Fund Company statistical data as requested on an ongoing basis; (iviii) Prepare for execution and ensure file the filing of the Funds’ annual Company’s Federal and semi-annual reports state tax returns: prepare a fiscal tax provision in coordination with the SEC on Forms N-SAR annual audit; prepare an excise tax provision; and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Qprepare all relevant 1099 calculations; (v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement; (vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares; (vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”); (viiiiv) Coordinate contractual relationships and communications between the Funds Company and their its contractual service providers; (ixv) Prepare expense budgets, accrual review and expense reports as neededCoordinate printing of the Company’s annual shareholder reports; (xvi) Provide read-only on-line access to accounting system as requestedPrepare income and capital gain distributions; (xivii) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, Prepare the semiannual and cash activity as specified; (xii) Coordinate printing and mailing of annual and semi-annual financial statements; (viii) Monitor the Company’s compliance with IRC, SEC and prospectus requirements; (ix) Prepare, coordinate with the Company’s counsel and coordinate the filing with the SEC: semi-annual reports on Form N-SAR and Form N-CSR; Form N-Q; and Form N-PX based upon information provided by the Company; assist in the preparation of Forms 3, 4 and 5 pursuant to Section 16 of the 1934 Act and Section 30(h) of the 1940 Act for the officers and directors of the Company, such filings to be based on information provided by those persons; (x) Assist in the preparation of notices of meetings of shareholders, coordinate preparation of proxy statements, including obtaining information required to be disclosed by applicable regulations and the engagement of proxy solicitors on behalf of the Company; (xi) Assist in obtaining the fidelity bond and directors’ and officers’/errors and omissions insurance policies for the Company in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act, including evaluation of insurance carriers, recommending appropriate coverage levels and evaluating the costs thereof, as such bond and policies are approved by the Company’s Board of Directors; (xii) Monitor the Company’s assets to assure adequate fidelity bond coverage is maintained; (xiii) Prepare reports Draft agendas and resolutions for Fund Boards quarterly and attend Board meetings when and as requestedspecial board meetings; (xiv) PrepareCoordinate the preparation, execute, assembly and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firmmailing of board materials; (xv) Prepare, execute, Attend board meetings and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firmdraft minutes thereof; (xvi) Prepare annual tax provisions Maintain the Company’s corporate calendar to assure compliance with various filing and financial tax disclosuresboard approval deadlines; (xvii) Prepare tax cost for semi-annual Assist the Company in the handling of SEC examinations and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustmentsresponses thereto; (xviii) Prepare dividend calculationsIf the chief executive officer or chief financial officer of the Company is required to provide a certification as part of the Trust’s Form 10-Q or Form 10-K filing pursuant to regulations promulgated by the SEC under Section 302 of the Xxxxxxxx-Xxxxx Act of 2002, including accompanying analysis Highland will provide (to such person or entity as agreed between the Company and earnings summary Highland) a sub-certification in accordance support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Company and Highland from time to time. Highland shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with applicable policy (as such policy respect to the sub-certification. For clarity, the sub-certification is provided in writing by VP Distributors to PNC), and maintain dividend historynot itself a certification under the Xxxxxxxx-Xxxxx Act of 2002 or under any other regulatory requirement; (xix) Prepare required disclosures for shareholder reporting, including Form 1099-DIV reporting and supporting materials such as QDI, DRD, income from U.S. Obligations, income from State obligations, income from AMT obligations, tax-exempt income, and Florida intangiblescoordinate the Company’s state notice filings; (xx) Monitor and propose procedures as needed for tax considerations Furnish the Company office space in the following areas: corporate actionsoffices of Highland, consent income, bad debt/restructurings, new instruments, premium amortizationor in such other place or places as may be agreed from time to time, and legislation all necessary office facilities, simple business equipment, supplies, utilities and industry developments telephone service for managing the affairs of the Company; (xxi) Perform clerical, bookkeeping and other administrative services not provided by the Company’s other service providers; (xxii) Determine or oversee the determination and publication of the Company’s net asset value in accordance with the Company’s policies as adopted from time to time by the Board of Directors; (xxiii) Oversee the maintenance by the Company’s custodian and transfer agent and dividend disbursing agent of certain books and records of the Company as required under Rule 31a-1(b)(2)(iv) of the 1940 Act and maintain (or oversee maintenance by such other persons as approved by the Board of Directors) such other books and records required by law or for the proper operation of the Company; (xxiv) Determine the amounts available for distribution as dividends and distributions to be paid by the Fund to its shareholders; calculate, analyze and prepare a detailed income analysis and forecast future earnings for presentation to the Board of Directors; prepare and arrange for the printing of dividend notices to shareholders, as applicable, and provide the Company’s dividend disbursing agent and custodian with such information as is required for such parties to effect the payment of dividends and distributions and to implement the Company’s dividend reinvestment plan; (xxv) Serve as liaison between the Company and each of its service providers; (xxvi) Assist in monitoring and tracking the daily cash flows of the individual assets of the Company, as well as security position data of portfolio investments; assist in resolving any identified discrepancies with the appropriate third party, including the Company’s custodian, administrative agents and other service providers, through various means including researching available data via agent notices, financial news and data services, and other sources. (xxvii) Monitor compliance with leverage tests under the Company’s credit facility, and communicate with leverage providers and rating agencies; (xxviii) Coordinate negotiation and renewal of credit agreements for presentation to the Board of Directors; (xxix) Coordinate negotiations of agreements with counterparties and the Company’s custodian for derivatives, short sale and similar transactions, as applicable; (xxx) Provide assistance with the settlement of trades of portfolio securities; (xxxi) Coordinate and oversee the provision of legal services to the Company; (xxxii) Cooperate with the Company’s independent registered public accounting firm in connection with audits and reviews of the Company’s financial statements, including interviews and other meetings, and provide necessary information and coordinate confirmations of bank loans and other assets for which custody is not through DTC, as necessary; (xxxiii) Provide Secretary and any Assistant Secretaries, Treasurer and any Assistant Treasurers and other officers for the Company as requested; (xxxiv) Develop or assist in developing guidelines and procedures to improve overall compliance by the Company; (xxxv) Investigate and research customer and other complaints to determine liability, facilitate resolution and promote equitable treatment of all parties; (xxxvi) Determine and monitor expense accruals for the Company; (xxxvii) Authorize expenditures and approve bills for payment on an ad hoc basisbehalf of the Company; (xxxviii) Monitor the number of shares of the Company registered and assist in the registration of additional shares, as necessary; (xxxix) Prepare such reports as the Board of Directors of the Company may request from time to time; (xl) Administer and oversee any securities lending program of the Company; (xli) Be responsible for the Company’s allocable portion of the employment costs of the Company’s executive officers and their respective staffs and other employees of Highland who devote substantial attention to the administration of the Company, except that the Company will be responsible for all costs relating to maintenance of a toll-free stockholder information telephone line, including the Company’s allocable share of routine overhead expenses of any third-party service provider furnishing this telephone line; and (xxixlii) Prepare and deliver, Perform such additional administrative duties relating to the extent available to PNC, survey information when and in administration of the form requested.Company as may subsequently be agreed upon in