Common use of Purchases and Sales Clause in Contracts

Purchases and Sales. Except as provided below, all purchases and sales of Securities will be delivery versus payment. Participant authorizes U.S. Bank National Association or its successor as custodian of the Fund (“Custodian”) to establish the Individual Account in Participant’s name for receipt of funds to purchase Securities and for the custody of Securities for the benefit of Participant. Advisor agrees to pay all fees of Custodian with respect to the Individual Account. Participant authorizes Advisor to give instructions to the Custodian with respect to deliveries of and payment for Securities. All amounts required for the purchase or resulting from sale (or maturity) of Securities and interest received in cash shall be charged or credited to Participant’s Fund Account designated in Section 1, above (“Fund Account”), as appropriate. Advisor shall not take possession of cash or securities and shall have no responsibility in connection therewith. Notwithstanding the foregoing, each CD will be issued by the financial institution in book-entry form and the book-entry registration shall be maintained by the financial institution. A safekeeping receipt or copy of the CD will be provided by the financial institution to Advisor and will be provided to Participant by Advisor upon request. Participant authorizes Advisor, in its capacity as transfer agent of the Fund, to redeem shares in Participant’s Fund Account, and Participant authorizes the Custodian to wire cash from Participant’s Fund Account to financial institutions that will issue CDs being purchased by Participant.

Purchases and Sales. Except as provided below, all purchases and sales of Securities will be delivery versus payment. Participant authorizes U.S. Bank National Association or its successor as custodian of the Fund Trust (“Custodian”) to establish the Individual Account in Participant’s name for receipt of funds to purchase Securities and for the custody of Securities for the benefit of Participant. Advisor agrees to pay all fees of Custodian with respect to the Individual Account. Participant authorizes Advisor to give instructions to the Custodian with respect to deliveries of and payment for Securities. All amounts required for the purchase or resulting from sale (or maturity) of Securities and interest received in cash shall be charged or credited to Participant’s Fund Trust Account designated in Section 1, above (“Fund Trust Account”), as appropriate. Advisor shall not take possession of cash or securities and shall have no responsibility in connection therewith. Notwithstanding the foregoing, each CD will be issued by the financial institution in book-entry form and the book-entry registration shall be maintained by the financial institution. A safekeeping receipt or copy of the CD will be provided by the financial institution to Advisor and will be provided to Participant by Advisor upon request. Participant authorizes Advisor, in its capacity as transfer agent of the FundTrust, to redeem shares in Participant’s Fund Trust Account, and Participant authorizes the Custodian to wire cash from Participant’s Fund Trust Account to financial institutions that will issue CDs being purchased by Participant.

Purchases and Sales. Except as provided below, all purchases and sales of Securities will be delivery versus payment. Participant authorizes U.S. Bank National Association or its successor as custodian of the Fund (“Custodian”) to establish the Individual Account in Participant’s name for receipt of funds to purchase Securities and for the custody of Securities for the benefit of Participant. Advisor agrees to pay all fees of Custodian with respect to the Individual Account. Participant authorizes Advisor to give instructions to the Custodian with respect to deliveries of and payment for Securities. All amounts required for the purchase or resulting from sale (or maturity) of Securities and interest received in cash shall be charged or credited to Participant’s Fund Account designated in Section 1, above (“Fund Account”), as appropriate. Advisor shall not take possession of cash or securities and shall have no responsibility in connection therewith. Notwithstanding the foregoing, each CD will be issued by the financial institution in book-entry form and the book-entry registration shall be maintained by the financial institution. A safekeeping receipt or copy of the CD will be provided by the financial institution to Advisor and will be provided to Participant by Advisor upon request. Participant authorizes Advisor, in its capacity as transfer agent of the Fund, to redeem shares in Participant’s Fund Account, and Participant authorizes the Custodian to wire cash from Participant’s Fund Account to financial institutions that will issue CDs being purchased by Participant.

Purchases and Sales. Except as provided below, all purchases and sales of Securities will be delivery versus payment. Participant authorizes U.S. Fifth-Third Bank National Association or its successor as custodian of the Fund (“Custodian”) to establish the Individual Account in Participant’s name for receipt of funds to purchase Securities and for the custody of Securities for the benefit of Participant. Advisor agrees to pay all fees of Custodian with respect to the Individual Account. Participant authorizes Advisor to give instructions to the Custodian with respect to deliveries of and payment for Securities. All amounts required for the purchase or resulting from sale (or maturity) of Securities and interest received in cash shall be charged or credited to Participant’s Fund Account designated in Section 1, above (“Fund Account”), as appropriate. Advisor shall not take possession of cash or securities and shall have no responsibility in connection therewith. Notwithstanding the foregoing, each CD will be issued by the financial institution in book-entry form and the book-entry registration shall be maintained by the financial institution. A safekeeping receipt or copy of the CD will be provided by the financial institution to Advisor and will be provided to Participant by Advisor upon request. Participant authorizes Advisor, in its capacity as transfer agent of the Fund, to redeem shares in Participant’s Fund Account, and Participant authorizes the Custodian to wire cash from Participant’s Fund Account to financial institutions that will issue CDs being purchased by Participant.