Common use of Research Services Clause in Contracts

Research Services. Park will provide the Funds with program support services concerning prospective and existing Special Equities investments and provide such research-related services as Funds may from time to time reasonably request in accordance with Funds' stated objectives as communicated in writing to Park. For all purposes stated herein, Park will be deemed an independent contractor and will not have custody of any of the assets of Funds nor authority to make investment decisions on behalf of Funds. Park's functions are limited to support, research and related services with respect to Special Equities and do not involve the furnishing of advice or making recommendations regarding a Fund's purchase or sale of securities.

Research Services. Park will provide the Funds with program support services concerning prospective and existing Special Equities investments and provide such research-related services as Funds may from time to time reasonably request in accordance with Funds' stated objectives as communicated in writing to Park. For all purposes stated herein, Park will be deemed an independent contractor and will not have custody of any of the assets of Funds nor authority to make investment decisions on behalf of Funds. Park's functions are limited to support, research and related services with respect to Special Equities and do not involve the regular furnishing of advice or making recommendations regarding a Fund's purchase or sale of securities.