Common use of DUTIES OF ADS Clause in Contracts

DUTIES OF ADS. ADS will provide the Fund with the necessary office space, communication facilities and personnel to perform the following services for the Fund: (a) Timely calculate and transmit to NASDAQ the Fund's daily net asset value and communicate such value to the Fund and its transfer agent; (b) Maintain and keep current all books and records of the Fund as required by Rule 31a-1 under the 1940 Act, as such rule or any successor rule may be amended from time to time ("Rule 31a-1"), that are applicable to the fulfillment of ADS's duties hereunder, as well as any other documents necessary or advisable for compliance with applicable regulations as may be mutually agreed to between the Fund and ADS. Without limiting the generality of the foregoing, ADS will prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: o Cash receipts journal o Cash disbursements journal o Dividend record o Purchase and sales - portfolio securities journals o Subscription and redemption journals o Security ledgers o Broker ledger o General ledger o Daily expense accruals o Daily income accruals o Securities and monies borrowed or loaned and collateral therefore o Foreign currency journals o Trial balances (c) Provide the Fund and its investment adviser with daily portfolio valuation, net asset value calculation and other standard operational reports as requested from time to time. (d) Provide all raw data available from our fund accounting system (PAIRS) for management's or the administrators preparation of the following: 1. Semi-annual financial statements; 2. Semi-annual form N-SAR; 3. Annual tax returns; 4. Financial data necessary to update form N-1a; 5. Annual proxy statement. (e) Provide facilities to accommodate annual audit and any audits or examinations conducted by the Securities and Exchange Commission or any other governmental or quasi-governmental entities with jurisdiction. ADS shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of the Fund.

DUTIES OF ADS. ADS will provide the Fund with the necessary office space, communication facilities and personnel to perform the following services for the Fund: (a) Timely calculate and transmit to NASDAQ the Fund's daily net asset value and communicate such value to the Fund and its transfer agent; (b) Maintain and keep current all books and records of the Fund as required by Rule 31a-1 under the 1940 Act, as such rule or any successor rule may be amended from time to time ("Rule 31a-1"), that are applicable to the fulfillment of ADS's duties hereunder, as well as any other documents necessary or advisable for compliance with applicable regulations as may be mutually agreed to between the Fund and ADS. Without limiting the generality of the foregoing, ADS will prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: o : (i) Cash receipts journal o (ii) Cash disbursements journal o (iii) Dividend record o (iv) Purchase and sales - portfolio securities journals o (v) Subscription and redemption journals o (vi) Security ledgers o (vii) Broker ledger o (viii) General ledger o (ix) Daily expense accruals o (x) Daily income accruals o (xi) Securities and monies borrowed or loaned and collateral therefore o (xii) Foreign currency journals o (xiii) Trial balances (c) Provide the Fund and its investment adviser with daily portfolio valuation, net asset value calculation and other standard operational reports as requested from time to time. (d) Provide all raw data available from our fund accounting system (PAIRS) for management's or the administrators managements preparation of the following: 1. Semi-annual financial statements; 2. Semi-annual form N-SAR; 3. Annual tax returns; 4. Financial data necessary to update form N-1a; 5. Annual proxy statement. (e) Provide facilities to accommodate annual audit and any audits or examinations conducted by the Securities and Exchange Commission or any other governmental or quasi-quasi- governmental entities with jurisdiction. ADS shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of the Fund.

DUTIES OF ADS. ADS will provide the Fund with the necessary office space, communication facilities and personnel to perform the following services for the Fund: (a) Timely calculate and transmit to NASDAQ the Fund's daily net asset value and communicate such value to the Fund and its transfer agent; (b) Maintain and keep current all books and records of the Fund as required by Rule 31a-1 under the 1940 Act, as such rule or any successor rule may be amended from time to time ("Rule 31a-1"), that are applicable to the fulfillment of ADS's duties hereunder, as well as any other documents necessary or advisable for compliance with applicable regulations as may be mutually agreed to between the Fund and ADS. Without limiting the generality of the foregoing, ADS will prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: o Cash receipts journal o Cash disbursements journal o Dividend record o Purchase and sales - portfolio securities journals o Subscription and redemption journals o Security ledgers o Broker ledger o General ledger o Daily expense accruals o Daily income accruals o Securities and monies borrowed or loaned and collateral therefore o Foreign currency journals o Trial balances (c) Provide the Fund and its investment adviser with daily portfolio valuation, net asset value calculation and other standard operational reports as requested from time to time. (d) Provide all raw data available from our fund accounting system (PAIRS) for management's or the administrators preparation of the following: 1. Semi-annual financial statements; 2. Semi-annual form N-SAR; 3. Annual tax returns; 4. Financial data necessary to update form N-1a; 5. Annual proxy statement. (e) Provide facilities to accommodate annual audit and any audits or examinations conducted by the Securities and Exchange Commission or any other governmental or quasi-governmental entities with jurisdiction. ADS shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of the Fund.

DUTIES OF ADS. ADS will provide the Fund with the necessary office space, communication facilities and personnel to perform the following services for the Fund: (a) Timely calculate and transmit to NASDAQ the Fund's daily net asset value and communicate such value to the Fund and its transfer agent; (b) Maintain and keep current all books and records of the Fund as required by Rule 31a-1 under the 1940 Act, as such rule or any successor rule may be amended from time to time ("Rule 31a-1"), that are applicable to the fulfillment of ADS's duties hereunder, as well as any other documents necessary or advisable for compliance with applicable regulations as may be mutually agreed to between the Fund and ADS. Without limiting the generality of the foregoing, ADS will prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: o - Cash receipts journal o - Cash disbursements journal o - Dividend record o - Purchase and sales - portfolio securities journals o - Subscription and redemption journals o - Security ledgers o - Broker ledger o - General ledger o Daily expense accruals o Daily income accruals o Securities and monies borrowed or loaned and collateral therefore o Foreign currency journals o Trial balancesledger (c) Provide the Fund and its investment adviser with daily portfolio valuation, net asset value calculation and other standard operational reports as requested from time to time. (d) Provide all raw data available from our fund accounting system (PAIRS) for management's or the administrators preparation of the following: 1. Semi-annual financial statements; 2. Semi-annual form N-SAR; 3. Annual tax returns; 4. Financial data necessary to update form N-1a; 5. Annual proxy statement. (e) Provide facilities to accommodate annual audit and any audits or examinations conducted by the Securities and Exchange Commission or any other governmental or quasi-governmental entities with jurisdiction. ADS shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of the Fund.

DUTIES OF ADS. ADS will provide the Fund with the necessary office space, communication facilities and personnel to perform the following services for the Fund: (a) Timely calculate and transmit to NASDAQ the Fund's daily net asset value and communicate such value to the Fund and its transfer agent; (b) Maintain and keep current all books and records of the Fund as required by Rule 31a-1 3la-1 under the 1940 Act, as such rule or any successor rule may be amended from time to time ("Rule 31a-131a-l"), that are applicable to the fulfillment of ADS's duties hereunder, as well as any other documents necessary or advisable for compliance with applicable regulations as may be mutually agreed to between the Fund and ADS. Without limiting the generality of the foregoing, ADS will prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: o : (i) Cash receipts journal o (ii) Cash disbursements journal o (iii) Dividend record o (iv) Purchase and sales - C portfolio securities journals o (v) Subscription and redemption journals o (vi) Security ledgers o ledgers (vii) Broker ledger o (viii) General ledger o (ix) Daily expense accruals o (x) Daily income accruals o (xi) Securities and monies borrowed or loaned and collateral therefore o (xii) Foreign currency journals o (xiii) Trial balances (c) Provide the Fund and its investment adviser with daily portfolio valuation, net asset value calculation and other standard operational reports as requested from time to time. (d) Provide all raw data available from our fund accounting system (PAIRS) for management's or the administrators managements preparation of the following: 1. Semi-annual financial statements; 2. Semi-annual form N-SAR; 3. Annual tax returns; 4. Financial data necessary to update form N-1a; 5. Annual proxy statement. (e) Provide facilities to accommodate annual audit and any audits or examinations conducted by the Securities and Exchange Commission or any other governmental or quasi-governmental entities with jurisdiction. ADS shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of the Fund.

DUTIES OF ADS. ADS will provide the Fund with the necessary office space, communication facilities and personnel to perform the following services for the Fund: (a) Timely calculate and transmit to NASDAQ the Fund's daily net asset value and communicate such value to the Fund and its transfer agent; (b) Maintain and keep current all books and records of the Fund as required by Rule 31a-1 3 la-l under the 1940 Act, as such rule or any successor rule may be amended from time to time ("Rule 31a-1"), that are applicable to the fulfillment of ADS's duties hereunder, as well as any other documents necessary or advisable for compliance with applicable regulations as may be mutually agreed to between the Fund and ADS. Without limiting the generality of the foregoing, ADS will prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: o : (i) Cash receipts journal o (ii) Cash disbursements journal o (iii) Dividend record o (iv) Purchase and sales - portfolio securities journals o (v) Subscription and redemption journals o (vi) Security ledgers o (vii) Broker ledger o (viii) General ledger o (ix) Daily expense accruals o (x) Daily income accruals o (xi) Securities and monies borrowed or loaned and collateral therefore o (xii) Foreign currency journals o (xiii) Trial balances balances (c) Provide the Fund and its investment adviser with daily portfolio valuation, net asset value calculation and other standard operational reports as requested from time to time. (d) Provide all raw data available from our fund accounting system (PAIRS) for management's or the administrators preparation of the following: 1. (i) Semi-annual financial statements; 2. (ii) Semi-annual form N-SAR; 3. (iii) Annual tax returns; 4. (iv) Financial data necessary to update form N-1aForm N-1 A; 5. and (v) Annual proxy statement. (e) Provide facilities to accommodate annual audit and any audits or examinations conducted by the Securities and Exchange Commission or any other governmental or quasi-governmental entities with jurisdiction. ADS shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of the Fund.

DUTIES OF ADS. ADS will provide the Fund with the necessary office space, communication facilities and personnel to perform the following services for the Fund: (a) Timely calculate and transmit to NASDAQ the Fund's daily net asset value and communicate such value to the Fund and its transfer agent; (b) I. Maintain and keep current all books and records of the Fund as required by Rule 31a-1 under the 1940 Act, as such rule or any successor rule may be amended from time to time ("Rule 31a-1"), that are applicable to the fulfillment of ADS's duties hereunder, as well as any other documents necessary or advisable for compliance with applicable regulations as may be mutually agreed to between the Fund and ADS. Without limiting the generality of the foregoing, ADS will prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: o : II. Cash receipts journal o III. Cash disbursements journal o IV. Dividend record o V. Purchase and sales - portfolio securities journals o VI. Subscription and redemption journals o journals VII. Security ledgers o ledgers VIII. Broker ledger o ledger IX. General ledger o ledger X. Daily expense accruals o accruals XI. Daily income accruals o accruals XII. Securities and monies borrowed or loaned and collateral therefore o therefore XIII. Foreign currency journals o journals XIV. Trial balances (cb) Provide the Fund and its investment adviser with daily portfolio valuation, net asset value calculation and other standard operational reports as requested from time to time. (dc) Provide all raw data available from our fund accounting system (PAIRS) for management's or the administrators preparation of the following: 1. Semi-annual financial statements; 2. Semi-annual form N-SAR; 3. Annual tax returns; 4. Financial data necessary to update form N-1a; 5. Annual proxy statement. (ed) Provide facilities to accommodate annual audit and any audits or examinations conducted by the Securities and Exchange Commission or any other governmental or quasi-governmental entities with jurisdiction. ADS shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of the Fund.