Common use of TIC Clause in Contracts

TIC. LLC will treat confidentially and as proprietary information of the Fund all records and other information relative to the Fund and prior, present or potential shareholders, and will not use such records and information for any purpose other than performance of its responsibilities and duties hereunder, except after prior notification to and approval in writing by the Fund, which approval shall not be unreasonably withheld and may not be withheld where TIC,LLC may be exposed to civil or criminal contempt proceedings for failure to comply when requested to divulge such information by duly constituted authorities, or when so requested by the Fund. (a) FAV shall pay a monthly fee in cash to TIC,LLC of 25% of the investment advisory fee paid to FAV by the Fund, which fee shall be payable on the first business day of each month in each year as compensation for the services rendered and obligations assumed by TIC,LLC during the preceding month. The advisory fee under this Agreement shall be payable on the first business day of the first month following the effective date of this Agreement, and shall be reduced by the amount of any advance payments made by FAV relating to the previous month. (b) FAV and TIC,LLC shall share equally in any voluntary reduction or waiver by FAV of the management fee due FAV under the Investment Advisory Agreement between FAV and the Fund. (c) If this Agreement is terminated prior to the end of any month, the monthly fee shall be prorated for the portion of any month in which this Agreement is in effect which is not a complete month according to the proportion which the number of calendar days in the month during which the Agreement is in effect bears to the total number of calendar days in the month, and shall be payable within 10 days after the date of termination.

TIC. LLC will treat confidentially and as proprietary information of the Fund all records and other information relative to the Fund and prior, present or potential shareholders, and will not use such records and information for any purpose other than performance of its responsibilities and duties hereunder, except after prior notification to and approval in writing by the Fund, which approval shall not be unreasonably withheld and may not be withheld where TIC,, LLC may be exposed to civil or criminal contempt proceedings for failure to comply when requested to divulge such information by duly constituted authorities, or when so requested by the Fund. (a) FAV FTAS shall pay a monthly fee in cash to TIC,, LLC of 25% of one-half(1/2)of the investment advisory fee paid to FAV FTAS by the Fund, which fee shall be payable on the first business day of each month in each year as compensation for the services rendered and obligations assumed by TIC,, LLC during the preceding month. The advisory fee under this Agreement shall be payable on the first business day of the first month following the effective date of this Agreement, and shall be reduced by the amount of any advance payments made by FAV FTAS relating to the previous month. (b) FAV FTAS and TIC,, LLC shall share equally in any voluntary reduction or waiver by FAV FTAS of the management fee due FAV FTAS under the Investment Advisory Agreement between FAV FTAS and the Fund. (c) If this Agreement is terminated prior to the end of any month, the monthly fee shall be prorated for the portion of any month in which this Agreement is in effect which is not a complete month according to the proportion which the number of calendar days in the month during which the Agreement is in effect bears to the total number of calendar days in the month, and shall be payable within 10 days after the date of termination.

TIC. LLC will treat confidentially and as proprietary information of the Fund all records and other information relative to the Fund and prior, present or potential shareholders, and will not use such records and information for any purpose other than performance of its responsibilities and duties hereunder, except after prior notification to and approval in writing by the Fund, which approval shall not be unreasonably withheld and may not be withheld where TIC,, LLC may be exposed to civil or criminal contempt proceedings for failure to comply when requested to divulge such information by duly constituted authorities, or when so requested by the Fund. (a) FAV FTAS shall pay a monthly fee in cash to TIC,, LLC of 25% one-half (1/2) of the investment advisory fee paid to FAV FTAS by the Fund, which fee shall be payable on the first business day of each month in each year as compensation for the services rendered and obligations assumed by TIC,, LLC during the preceding month. The advisory fee under this Agreement shall be payable on the first business day of the first month following the effective date of this Agreement, and shall be reduced by the amount of any advance payments made by FAV FTAS relating to the previous month. (b) FAV FTAS and TIC,, LLC shall share equally in any voluntary reduction or waiver by FAV FTAS of the management fee due FAV FTAS under the Investment Advisory Agreement between FAV FTAS and the Fund. (c) If this Agreement is terminated prior to the end of any month, the monthly fee shall be prorated for the portion of any month in which this Agreement is in effect which is not a complete month according to the proportion which the number of calendar days in the month during which the Agreement is in effect bears to the total number of calendar days in the month, and shall be payable within 10 days after the date of termination.

TIC. LLC will treat confidentially and as proprietary information of the Fund all records and other information relative to the Fund and prior, present or potential shareholders, and will not use such records and information for any purpose other than performance of its responsibilities and duties hereunder, except after prior notification to and approval in writing by the Fund, which approval shall not be unreasonably withheld and may not be withheld where TIC,, LLC may be exposed to civil or criminal contempt proceedings for failure to comply when requested to divulge such information by duly constituted authorities, or when so requested by the Fund. (a) FAV FTAS shall pay a monthly fee in cash to TIC,, LLC of 25% of one-half (1/2)of the investment advisory fee paid to FAV FTAS by the Fund, which fee shall be payable on the first business day of each month in each year as compensation for the services rendered and obligations assumed by TIC,, LLC during the preceding month. The advisory fee under this Agreement shall be payable on the first business day of the first month following the effective date of this Agreement, and shall be reduced by the amount of any advance payments made by FAV FTAS relating to the previous month. (b) FAV FTAS and TIC,, LLC shall share equally in any voluntary reduction or waiver by FAV FTAS of the management fee due FAV FTAS under the Investment Advisory Agreement between FAV FTAS and the Fund. (c) If this Agreement is terminated prior to the end of any month, the monthly fee shall be prorated for the portion of any month in which this Agreement is in effect which is not a complete month according to the proportion which the number of calendar days in the month during which the Agreement is in effect bears to the total number of calendar days in the month, and shall be payable within 10 days after the date of termination.

TIC. LLC will treat confidentially and as proprietary information of the Fund all records and other information relative to the Fund and prior, present or potential shareholders, and will not use such records and information for any purpose other than performance of its responsibilities and duties hereunder, except after prior notification to and approval in writing by the Fund, which approval shall not be unreasonably withheld and may not be withheld where TIC,, LLC may be exposed to civil or criminal contempt proceedings for failure to comply when requested to divulge such information by duly constituted authorities, or when so requested by the Fund. (a) FAV FTAS shall pay a monthly fee in cash to TIC,, LLC of 25% [insert applicable percentage] of the investment advisory fee paid to FAV FTAS by the Fund, which fee shall be payable on the first business day of each month in each year as compensation for the services rendered and obligations assumed by TIC,, LLC during the preceding month. The advisory fee under this Agreement shall be payable on the first business day of the first month following the effective date of this Agreement, and shall be reduced by the amount of any advance payments made by FAV FTAS relating to the previous month. (b) FAV FTAS and TIC,, LLC shall share equally in any voluntary reduction or waiver by FAV FTAS of the management fee due FAV FTAS under the Investment Advisory Agreement between FAV FTAS and the Fund. (c) If this Agreement is terminated prior to the end of any month, the monthly fee shall be prorated for the portion of any month in which this Agreement is in effect which is not a complete month according to the proportion which the number of calendar days in the month during which the Agreement is in effect bears to the total number of calendar days in the month, and shall be payable within 10 days after the date of termination.