Common use of SERVICES TO BE RENDERED BY MANAGER TO THE COMPANY Clause in Contracts

SERVICES TO BE RENDERED BY MANAGER TO THE COMPANY. (a) Subject always to the control of the Company, and to such policies as the Company may determine, the Manager will, at its expense, furnish continuously an investment program for the Company and will make investment decisions on behalf of the Company and place all orders for the purchase and sale of its portfolio securities. In the performance of its duties, the Manager will comply with the provisions of the Management Contract between the Trust, on behalf of the Fund, and the Manager, dated as of January __, 2005 (the "Fund Management Contract"), the Bye-Laws of the Company, and the stated investment objective, policies and restrictions of the Fund.

SERVICES TO BE RENDERED BY MANAGER TO THE COMPANY. (a) Subject always to the control of the Company, and to such policies as the Company may determine, the Manager will, at its expense, furnish continuously an investment program for the Company and will Company, make investment decisions on behalf of the Company and place all orders for the purchase and sale of its the Company’s portfolio securities. In the performance of its duties, the Manager will comply with the provisions of the Management Contract between the Trust, on behalf of the Fund, and the Manager, dated as of January __March 29, 2005 2019 (the "“Fund Management Contract"”), the Bye-Laws of the Company, and the stated investment objective, policies and restrictions of the Fund.

SERVICES TO BE RENDERED BY MANAGER TO THE COMPANY. (a) Subject always to the control of the Company, and to such policies as the Company may determine, the Manager will, at its expense, furnish continuously an investment program for the Company and will make investment decisions on behalf of the Company and place all orders for the purchase and sale of its portfolio securities. In the performance of its duties, the Manager will comply with the provisions of the Management Contract between the Trust, on behalf of the Fund, and the Manager, dated as of January __May 20, 2005 2011 (the "“Fund Management Contract"”), the Bye-Laws of the Company, and the stated investment objective, policies and restrictions of the Fund.

SERVICES TO BE RENDERED BY MANAGER TO THE COMPANY. (a) Subject always to the control of the Company, and to such policies as the Company may determine, the Manager will, at its expense, furnish continuously an investment program for the Company and will make investment decisions on behalf of the Company and place all orders for the purchase and sale of its portfolio securities. In the performance of its duties, the Manager will comply with the provisions of the Management Contract between the Trust, on behalf of the Fund, and the Manager, dated as of January __December 5, 2005 2011 (the "“Fund Management Contract"”), the Bye-Laws of the Company, and the stated investment objective, policies and restrictions of the Fund.

SERVICES TO BE RENDERED BY MANAGER TO THE COMPANY. (a) Subject always to the control of the Company, and to such policies as the Company may determine, the Manager will, at its expense, furnish continuously an investment program for the Company and will make investment decisions on behalf of the Company and place all orders for the purchase and sale of its portfolio securities. In the performance of its duties, the Manager will comply with the provisions of the Management Contract between the Trust, on behalf of the Fund, and the Manager, dated as of January __June 27, 2005 2014 (the "“Fund Management Contract"”), the Bye-Laws of the Company, and the stated investment objective, policies and restrictions of the Fund.

SERVICES TO BE RENDERED BY MANAGER TO THE COMPANY. (a) Subject always to the control of the Company, and to such policies as the Company may determine, the Manager will, at its expense, furnish continuously an investment program for the Company and will make investment decisions on behalf of the Company and place all orders for the purchase and sale of its portfolio securities. In the performance of its duties, the Manager will comply with the provisions of the Management Contract between the Trust, on behalf of the Fund, and the Manager, dated as of January __April 13, 2005 2015 (the "“Fund Management Contract"”), the Bye-Laws of the Company, and the stated investment objective, policies and restrictions of the Fund.