Common use of Proprietary Information of the Trust Clause in Contracts

Proprietary Information of the Trust. GFS acknowledges that the Shareholder list and all information related to Shareholders furnished to GFS by the Trust, the Advisor or by a Shareholder in connection with this Agreement (collectively, “Customer Data”) all information regarding the Trust portfolios, arrangements with any financial intermediaries such as banks, brokerage firms and other financial institutions, compensation paid to or by the Trust or the Advisor, trading strategies and all such related information (collectively, “Trust Proprietary Information”) constitute proprietary information of substantial value to the Trust. In no event shall GFS Proprietary Information be deemed Trust Proprietary Information or Customer Data. GFS agrees to treat all Customer Data and Trust Proprietary Information as proprietary to the Trust and further agrees that it shall not divulge any Customer Data or Trust Proprietary Information to any person or organization except as may be provided under this Agreement or as maybe directed by the Trust or as maybe duly requested by regulatory authorities.

Proprietary Information of the Trust. GFS acknowledges that the Shareholder list and all information related to Shareholders shareholders purchasing or redeeming in-kind furnished to GFS by the Trust, the Advisor Trust or by a Shareholder shareholder in connection with this Agreement (collectively, “Customer Data”) all information regarding the Trust portfolios, arrangements with any financial intermediaries such as banks, brokerage firms and other financial institutionsAuthorized Participants (as defined in the Funds’ Prospectus and Statement of Additional Information), compensation paid to or by the Trust or the AdvisorTrust, trading strategies and all such related information (collectively, “Trust Proprietary Information”) constitute proprietary information of substantial value to the Trust. In no event shall GFS Proprietary Information be deemed Trust Proprietary Information or Customer Data. GFS agrees to treat all Customer Data and Trust Proprietary Information and Customer Data as proprietary to the Trust and further agrees that it shall not divulge any Customer Data or Trust Proprietary Information or Customer Data to any person or organization except as may be provided under this Agreement or as maybe may be directed by the Trust or as maybe may be duly requested by regulatory authorities.