Common use of Investment Advisers Clause in Contracts

Investment Advisers. Custodian may also rely upon and act in accordance with any Written or Oral Instructions given with respect to the Fund which are reasonably believed by Custodian to have been given or signed by any two of the persons designated from time to time by any of the investment advisers of the Fund who are specified in Exhibit C hereto (if any) as it may from time to time be revised. The Fund may revise Exhibit C hereto at any time by notice in writing to Custodian given in accordance with Section 13.4 below, and each investment adviser specified in Exhibit C hereto (if any) may at any time by like notice designate an Authorized Person or remove an Authorized Person previously designated by it, but no revision of Exhibit C hereto (if any) and no designation or removal by such investment adviser shall be effective until Custodian actually receives such notice.

Investment Advisers. Custodian may also rely upon and act in accordance with any Written or Oral Instructions given with respect to the Master Fund which are reasonably believed by Custodian to have been given or signed by any two of the persons designated from time to time by any of the investment advisers of the Master Fund who are specified in Exhibit C hereto (if any) as it may from time to time be revised. The Master Fund may revise Exhibit C hereto at any time by notice in writing to Custodian given in accordance with Section 13.4 below, and each investment adviser specified in Exhibit C hereto (if any) may at any time by like notice designate an Authorized Person or remove an Authorized Person previously designated by it, but no revision of Exhibit C hereto (if any) and no designation or removal by such investment adviser shall be effective until Custodian actually receives such notice.

Investment Advisers. Custodian may also rely upon and act in accordance with any Written or Oral Instructions given with respect to the Fund which are reasonably believed by Custodian to have been given or signed by any two one of the persons designated from time to time by any of the investment advisers of the Fund who are specified in Exhibit C hereto (if any) as it may from time to time be revised. The Fund Company may revise Exhibit C hereto at any time by notice in writing to Custodian given in accordance with Section 13.4 14.4 below, and each investment adviser specified in Exhibit C hereto (if any) may at any time by like notice designate an Authorized Person or remove an Authorized Person previously designated by it, but no revision of Exhibit C hereto (if any) and no designation or removal by such investment adviser shall be effective until Custodian actually receives such notice.

Investment Advisers. Custodian may also rely upon and act in accordance with ------------------- any Written or Oral Instructions given with respect to the Fund which are reasonably believed by Custodian to have been given or signed by any two of the persons Authorized Persons (one in the case of Oral Instructions) designated from time to time by any of the investment advisers of the Fund who are specified in Exhibit C B hereto (if any) as it may from time to time be revised. The Fund may revise reverse Exhibit C B hereto at any time by notice in writing to Custodian given in accordance with Section 13.4 Article XVI below, and each investment adviser specified in Exhibit C B hereto (if any) may at any time by like notice designate an Authorized Person or remove an Authorized Person previously designated by it, but no revision of Exhibit C B hereto (if any) and no designation or removal by such investment adviser shall be effective until Custodian actually receives such notice.

Investment Advisers. Custodian may also rely upon and act in accordance with any Written or Oral Instructions given with respect to the Fund a Series which are reasonably believed by Custodian to have been given or signed by any two one of the persons designated from time to time by any of the investment advisers of the Fund such Series who are specified in Exhibit C hereto (if any) as it may from time to time be revised. The Fund Trust may revise Exhibit C hereto at any time by notice in writing to Custodian given in accordance with Section 13.4 14.4 below, and each investment adviser specified in Exhibit C hereto (if any) may at any time by like notice designate an Authorized Person or remove an Authorized Person previously designated by it, but no revision of Exhibit C hereto (if any) and no designation or removal by such investment adviser shall be effective until Custodian actually receives such notice.

Investment Advisers. Custodian may also rely upon and act in ------------------- accordance with any Written or Oral Instructions given with respect to the Fund a Portfolio which are reasonably believed by Custodian to have been given or signed by any two one of the persons designated from time to time by any of the investment advisers of the Fund such Portfolio who are specified in Exhibit C hereto (if any) as it may from time to time be revised. The Fund Trust may revise Exhibit C hereto at any time by notice in writing to Custodian given in accordance with Section 13.4 below, and each investment adviser specified in Exhibit C hereto (if any) may at any time by like notice designate an Authorized Person or remove an Authorized Person previously designated by it, but no revision of Exhibit C hereto (if any) and no designation or removal by such investment adviser shall be effective until Custodian actually receives such notice.

Investment Advisers. Custodian may also rely upon and act in accordance with any Written or Oral Instructions given with respect to the Fund which are reasonably believed by Custodian to have been given or signed by any two of the persons designated from time to time by any of the investment advisers of the Fund who are specified in Exhibit C hereto (if any) as it may from time to time be revised. The Fund may revise Exhibit C hereto at any time by notice in writing to Custodian given in accordance with Section 13.4 14.4 below, and each investment adviser specified in Exhibit C hereto (if any) may at any time by like notice designate an Authorized Person or remove an Authorized Person previously designated by it, but no revision of Exhibit C hereto (if any) and no designation or removal by such investment adviser shall be effective until Custodian actually receives such notice.