Adams Natural Resources Fund, Inc.Adams Natural Resources Fund, Inc. • June 7th, 2024
Adams Natural Resources Fund, Inc.Adams Natural Resources Fund, Inc. • June 6th, 2024
FORM OF DEPOSITARY AGREEMENTDepositary Agreement • August 10th, 2020 • Adams Natural Resources Fund, Inc. • New York
This DEPOSITARY AGREEMENT (this “Agreement”) is entered into as of ________, 2020 by and between American Stock Transfer & Trust Company, LLC (the “Depositary”) and ________________________ (the “Issuer,” or “Company”). Issuer is offering to purchase up to __% of the outstanding shares of its common stock, $.001 par value per share (the “Common Stock” or “Shares”) (with CUSIP # _____________ and Tax ID # _________________) (the “Company”), for ___% of net asset value per Share on the Expiration Date of the offer (the “Offer Price”), net to the seller in cash upon the terms and conditions set forth in the offer to purchase, dated _______________ (the “Offer to Purchase”) and in the related letter of transmittal (“Letter of Transmittal”); which, together with any amendments or supplements thereto constitute the “Offer”. The “Expiration Date” for the Offer shall be _______________ New York City time, on ____________ unless and until the Issuer shall have extended the period of time during
NAME and ADDRESS] Attn: RE: ____________________ (the “Fund”) Dear :Adams Natural Resources Fund, Inc. • August 10th, 2020
This letter will serve as the agreement (the “Agreement”) between AST Fund Solutions, LLC (“AST Fund Solutions”) and the Fund, pursuant to which AST Fund Solutions will provide the services set forth below in connection with the Fund’s proposed public tender offer of Common Shares (the “Offer”). The Offer is currently scheduled to commence on _________, 2020.
