Common use of Renewal, Termination and Amendment Clause in Contracts

Renewal, Termination and Amendment. a. This Agreement shall be effective as of February 22, 2013 and shall remain in effect for the lesser of 150 days or until the effective date of a sub-advisory agreement approved by an affirmative vote of (i) the shareholders of the Fund, or (ii) the Board in reliance on the Trust's SEC exemptive order from certain requirements of Section 15(a) and Rule 18f-2 of the 1940 Act; except that under no circumstances will it continue more than 150 days from the date on which the Fund's previous sub-advisory agreement terminated. The 150 day period will expire on Monday, July 22, 2013. b. This Agreement may be terminated at any time, without payment of any penalty, (i) by the Advisor upon not more than sixty (60) days' nor less than thirty (30) days' written notice delivered or mailed by registered mail, postage prepaid, to the Interim Sub-Advisor; (ii) by the Interim Sub-Advisor upon not less than sixty (60) days' written notice delivered or mailed by registered mail, postage prepaid, to the Advisor; or (iii) by the Trust, without the payment of any penalty, upon either (y) the majority vote of the Board or (z) the affirmative vote of a majority of the outstanding voting securities of the Fund. This Agreement shall terminate automatically in the event of its assignment. c. This Agreement may be amended at any time by the parties hereto, subject to approval by the Board and, if required by applicable SEC rules and regulations, a vote of the majority of the outstanding voting securities of the Fund affected by such change, except that the Interim Sub-Advisor may amend Schedule B (Xxxxxxx Trading Practices) by written notice to the Advisor, and the Advisor may amend Schedule C (Authorized Persons) by written notice to the Interim Sub-Advisor. d. The terms "assignment," "interested persons" and "majority of the outstanding voting securities" shall have the meaning set forth for such terms in the 1940 Act.

Renewal, Termination and Amendment. a. This Agreement shall be effective as of February 2217, 2013 and shall remain in effect for the lesser of 150 days or 2015 until the effective date of a sub-advisory agreement approved by an affirmative vote of (i) the shareholders of the Fund, or (ii) the Board in reliance on the Trust's ’s SEC exemptive order from certain requirements of Section 15(a) and Rule 18f-2 of the 1940 Act; except that under no circumstances will it continue more than 150 days from the date on which the Fund's previous sub-advisory agreement terminated. The 150 day period will expire on Monday, July 22, 2013. b. This Agreement may be terminated at any time, without payment of any penalty, (i) by the Advisor upon not more than sixty (60) days' ’ nor less than thirty (30) days' ’ written notice delivered or mailed by registered mail, postage prepaid, to the Interim Sub-Advisor; (ii) by the Interim Sub-Advisor upon not less than sixty (60) days' ’ written notice delivered or mailed by registered mail, postage prepaid, to the Advisor; or (iii) by the Trust, without the payment of any penalty, upon either (y) the majority vote of the Board or (z) the affirmative vote of a majority of the outstanding voting securities of the Fund. This Agreement shall terminate automatically in the event of its assignment. c. This Agreement may be amended at any time by the parties hereto, subject to approval by the Board and, if required by applicable SEC rules and regulations, a vote of the majority of the outstanding voting securities of the Fund affected by such change, except that the Interim Sub-Advisor may amend Schedule B (Xxxxxxx Trading Practices) by written notice to the Advisor, and the Advisor may amend Schedule C (Authorized Persons) by written notice to the Interim Sub-Advisor. d. The terms "“assignment," "” “interested persons" ” and "“majority of the outstanding voting securities" ” shall have the meaning set forth for such terms in the 1940 Act.

Renewal, Termination and Amendment. a. This Agreement shall be effective as of February 22January 16, 2013 and shall remain in effect for the lesser of 150 days or until the effective date of a sub-advisory agreement approved by an affirmative vote of (i) the shareholders of the Fund, or (ii) the Board in reliance on the Trust's SEC exemptive order from certain requirements of Section 15(a) and Rule 18f-2 of the 1940 Act; except that under no circumstances will it continue more than 150 days from the date on which the Fund's previous sub-advisory agreement terminated. The 150 day period will expire on MondaySaturday, July 22June 15, 2013. b. This Agreement may be terminated at any time, without payment of any penalty, (i) by the Advisor upon not more than sixty (60) days' nor less than thirty (30) days' written notice delivered or mailed by registered mail, postage prepaid, to the Interim Sub-Advisor; (ii) by the Interim Sub-Advisor upon not less than sixty (60) days' written notice delivered or mailed by registered mail, postage prepaid, to the Advisor; or (iii) by the Trust, without the payment of any penalty, upon either (y) the majority vote of the Board or (z) the affirmative vote of a majority of the outstanding voting securities of the Fund. This Agreement shall terminate automatically in the event of its assignment. c. This Agreement may be amended at any time by the parties hereto, subject to approval by the Board and, if required by applicable SEC rules and regulations, a vote of the majority of the outstanding voting securities of the Fund affected by such change, except that the Interim Sub-Advisor may amend Schedule B (Xxxxxxx Trading Practices) by written notice to the Advisor, and the Advisor may amend Schedule C (Authorized Persons) by written notice to the Interim Sub-Advisor. d. The terms "assignment," "interested persons" and "majority of the outstanding voting securities" shall have the meaning set forth for such terms in the 1940 Act.

Renewal, Termination and Amendment. a. This Agreement shall be effective as of February 22continue in effect, 2013 unless sooner terminated under this Agreement, through September 11, 2020; and shall remain in effect it may thereafter continue for the lesser of 150 days or until the effective date of a sub-advisory agreement successive annual terms provided that such continuance is specifically approved by an affirmative vote of the parties and, in addition, at least annually by (i) the shareholders vote of the Fund, holders of a majority of the outstanding voting securities of the Fund or (ii) the Board in reliance on by vote of a majority of the Trust's SEC exemptive order from certain requirements ’s Board including the vote of Section 15(a) and Rule 18f-2 a majority of the 1940 Act; except that under no circumstances will it continue more than 150 days from Trustees who are not parties to this Agreement or interested persons of either the date Advisor or the Sub-Advisor, cast in person at a meeting called for the purpose of voting on which the Fund's previous sub-advisory agreement terminated. The 150 day period will expire on Monday, July 22, 2013such approval. b. This Agreement may be terminated at any time, without payment of any penalty, (i) by the Advisor upon not more than sixty (60) days' -day nor less than thirty (30) days' -day prior written notice delivered or mailed by registered mail, postage prepaid, to the Interim Sub-Advisor; (ii) by the Interim Sub-Advisor upon not less than sixty (60) days' -day prior written notice delivered or mailed by registered mail, postage prepaid, to the Advisor; or (iii) by the Trust, without the payment of any penalty, upon either (y) the majority vote of the Board or (z) the affirmative vote of a majority of the outstanding voting securities of the Fund. This Agreement shall terminate automatically in the event of its assignment. c. This Agreement may be amended at any time by the parties heretoparties, subject to approval by the Board and, if required by applicable SEC rules and regulations, a vote of the majority of the outstanding voting securities of the Fund affected by such change, except that the Interim Sub-Advisor may amend Schedule B (Xxxxxxx Trading Practices) by written notice to the Advisor, and the Advisor may amend Schedule C (Authorized Persons) by written notice to the Interim Sub-Advisor. d. The terms "“assignment," "” “interested persons" ” and "“majority of the outstanding voting securities" ” shall have the meaning set forth for such terms in the 1940 Act.

Renewal, Termination and Amendment. a. This Agreement shall be effective as of February 22April 1, 2013 and shall remain in effect for the lesser of 150 days or 2015 until the effective date of a sub-advisory agreement approved by an affirmative vote of (i) the shareholders of the Fund, or (ii) the Board in reliance on the Trust's ’s SEC exemptive order from certain requirements of Section 15(a) and Rule 18f-2 of the 1940 Act; except that under no circumstances will it continue more than 150 days from the date on which the Fund's previous sub-advisory agreement terminated. The 150 day period will expire on Monday, July 22, 2013. b. This Agreement may be terminated at any time, without payment of any penalty, (i) by the Advisor upon not more than sixty (60) days' ’ nor less than thirty (30) days' ’ written notice delivered or mailed by registered mail, postage prepaid, to the Interim Sub-Advisor; (ii) by the Interim Sub-Advisor upon not less than sixty (60) days' ’ written notice delivered or mailed by registered mail, postage prepaid, to the Advisor; or (iii) by the Trust, without the payment of any penalty, upon either (y) the majority vote of the Board or (z) the affirmative vote of a majority of the outstanding voting securities of the Fund. This Agreement shall terminate automatically in the event of its assignment. c. This Agreement may be amended at any time by the parties hereto, subject to approval by the Board and, if required by applicable SEC rules and regulations, a vote of the majority of the outstanding voting securities of the Fund affected by such change, except that the Interim Sub-Advisor may amend Schedule B (Xxxxxxx Trading Practices) by written notice to the Advisor, and the Advisor may amend Schedule C (Authorized Persons) by written notice to the Interim Sub-Advisor. d. The terms "“assignment," "” “interested persons" ” and "“majority of the outstanding voting securities" ” shall have the meaning set forth for such terms in the 1940 Act.