Common use of Registration of Additional Shares Clause in Contracts

Registration of Additional Shares. The Fund hereby agrees to register either (i) an indefinite number of Shares pursuant to Rule 24f-2 under ICA-40, or (ii) a definite number of Shares as the Fund shall deem advisable pursuant to Rule 24e-2 under ICA-40, as amended. The Fund will, in cooperation with the Distributor, take such action as may be necessary from time to time to qualify the Shares (so registered or otherwise qualified for sale under SA-33), in any state mutually agreeable to the Distributor and the Fund, and to maintain such qualification; provided, however, that nothing herein shall be deemed to prevent the Fund from registering its shares without approval of the Distributor in any state it deems appropriate.