Common use of Transfer and Exchanges Clause in Contracts

Transfer and Exchanges. LFS will receive and process transfers of ---------------------- shares of the Fund and exchanges between series of the Trust and other investments as, and to the extent, permitted in the Prospectus of the Fund. If shares to be transferred are represented by outstanding certificates, LFS will, upon surrender to it of the certificates in proper form for transfer, credit the same to the transferee on its books. If shares are to be exchanged, LFS will process such exchange in the same manner as a redemption and sale of shares, in accordance with the Fund's Prospectus.