April 7, 2022
Xxxxxxxxx LLC
0000 Xxxxxx xx xxx Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
xxx.xxxxxxxxx.xxx
Xxxxxxxxx Xxxxxx High Yield Strategies Fund Inc.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, XX 00000-0000
Re: Information Agent
This Letter of Agreement, including the Appendix attached hereto (collectively, this “Agreement”), sets forth the terms and conditions of the engagement of Xxxxxxxxx LLC (“Georgeson”) by Xxxxxxxxx Xxxxxx High Yield
Strategies Fund Inc. (the “Fund”) to act as Information Agent in connection with the Fund’s proposed transferable rights offering currently scheduled to launch in April 2022 (the “Offering”). The term of this Agreement shall be the term of the
Offering, including any extensions thereof.
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(a)
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Services. Georgeson shall perform the services described in the Fees & Services Schedule attached hereto as Appendix I (such services, collectively, the
“Services”).
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(b)
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Fees. In consideration of Xxxxxxxxx’x performance of the Services, the Fund shall pay Georgeson the amounts, and pursuant to the terms, set forth on the Fees &
Services Schedule attached hereto as Appendix I, together with the Expenses (as defined below). The Fund acknowledges and agrees that the Fees & Services Schedule shall be subject to adjustment if the Fund requests Georgeson to provide
services with respect to additional matters or a revised scope of work.
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(c)
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Expenses. In addition to the fees and charges described in paragraphs (b) and (d) hereof, Georgeson shall charge the Fund, and the Fund shall be solely responsible,
for the following costs and expenses (collectively, the “Expenses”):
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•
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reasonable costs and expenses incidental to the Offering, including without limitation the mailing or delivery of Offering materials;
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•
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reasonable costs and expenses relating to Xxxxxxxxx’x work with its agents or other parties involved in the Offering, including without limitation charges for bank threshold lists, data processing, market
information, institutional advisory reports, telephone directory assistance, facsimile transmissions or other forms of electronic communication;
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•
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reasonable costs and expenses incurred by Georgeson at the Fund’s request or for the Fund’s convenience, including without limitation for copying, printing of additional and/or supplemental material and, if
authorized by the Fund, travel by Xxxxxxxxx’x personnel; and
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•
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any other reasonable costs and expenses authorized by the Fund during the course of the Offering, including without limitation those relating to advertising (including production and posting), media relations
and analytical services.
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Xxxxxxxxx Xxxxxx High Yield Strategies Fund Inc.
April 7, 2022
Page 2
The Fund shall pay all applicable taxes incurred in connection with the delivery of the Services or Expenses.
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(d)
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Custodial Charges. Georgeson agrees to check, itemize and pay on the Fund’s behalf the charges of brokers and banks, with the exception of Broadridge Financial
Solutions, Inc. (which will xxxx the Fund directly), for forwarding the Fund’s offering material to beneficial owners. The Fund shall reimburse Georgeson for such broker and bank charges in the manner described in the Fees & Services
Schedule.
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(e)
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Compliance with Applicable Laws. The Fund and Georgeson hereby represent to one another that each shall comply in all material respects with all applicable laws
relating to the Offering, including, without limitation, the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.
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(f)
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Indemnification; Limitation of Liability.
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The Fund shall indemnify and hold harmless Georgeson, its affiliates and their respective stockholders, officers, directors, and employees from and against any and all losses, claims, damages, costs, charges, reasonable counsel fees and
expenses, payments, documented expenses and liability (collectively, “Losses”) arising out of or relating to the performance of the Services, including the reasonable costs and expenses of defending against any Loss or enforcing this
Agreement, except to the extent such Losses shall have been determined by the parties themselves, a court of competent jurisdiction, or arbitrator, mediator or other neutral objective third party trier of fact mutually agreed upon between the
parties to be a result of Xxxxxxxxx’x xxxxx negligence, bad faith or willful misconduct.
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Georgeson shall indemnify and hold harmless the Fund, its affiliates and their respective officers, directors, and employees from and against any and all Losses arising out of or relating to the performance of the Services, including the
reasonable costs and expenses of defending against any Loss or enforcing this Agreement, to the extent such Losses shall have been determined by the parties themselves, a court of competent jurisdiction, or arbitrator, mediator or other
neutral objective third party trier of fact mutually agreed upon between the parties to be a result of Xxxxxxxxx’x xxxxx negligence, bad faith or willful misconduct.
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Notwithstanding anything herein to the contrary, but without limiting the parties’ indemnification obligations set forth in clauses (i) and (ii) above, neither party shall be liable for any incidental, indirect, special or
consequential damages of any nature whatsoever, including, but not limited to, loss of anticipated profits, occasioned by a breach of any provision of this Agreement, even if apprised of the possibility of such damages.
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Any liability whatsoever of Georgeson, its affiliates or any of their respective stockholders, officers, directors, or employees hereunder or otherwise relating to or arising out of performance of the Services will be
limited in the aggregate to
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Xxxxxxxxx Xxxxxx High Yield Strategies Fund Inc.
April 7, 2022
Page 3
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the fees and charges paid, or to be paid, hereunder by the Fund to Georgeson (but not including Expenses).
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| (v) |
This paragraph (f) shall survive the termination of this Agreement.
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(g)
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Governing Law. This Agreement shall be governed by the substantive laws of the State of New York without regard to its principles of conflicts of laws, and shall not
be modified in any way, unless pursuant to a written agreement which has been executed by each of the parties hereto. The parties agree that any and all disputes, controversies or claims arising out of or relating to this Agreement
(including any breach hereof) shall be subject to the jurisdiction of the federal and state courts in New York County, New York and the parties hereby waive any defenses on the grounds of lack of personal jurisdiction of such courts,
improper venue or forum non conveniens. The parties waive, to the fullest extent permitted by law, all right to trial by jury in any action, proceeding or counterclaim arising out of this
Agreement.
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(h)
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Relationship. The Fund agrees and acknowledges that Georgeson shall be the primary information agent retained by the Fund in connection with the Offering.
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(i)
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Confidentiality. Georgeson agrees to preserve the confidentiality of (i) all non-public information provided by the Fund or its agents for Xxxxxxxxx’x use in
fulfilling its obligations hereunder and (ii) any information developed by Georgeson based upon such material non-public information (collectively, “Confidential Information”); provided that Georgeson may disclose such Confidential
Information as required by law and otherwise to its officers, directors, employees, agents or affiliates to the extent reasonably necessary to perform the Services hereunder. For purposes of this Agreement, Confidential Information shall
not be deemed to include any information which (w) is or becomes generally available to the public other than as a result of a disclosure by Georgeson or any of its officers, directors, employees, agents or affiliates; (x) was available to
Georgeson on a nonconfidential basis and in accordance with law prior to its disclosure to Georgeson by the Fund; (y) becomes available to Georgeson on a nonconfidential basis and in accordance with law from a person other than the Fund or
any of its officers, directors, employees, agents or affiliates who is not otherwise bound by a confidentiality agreement with the Fund or is not otherwise prohibited from transmitting such information to a third party; or (z) was
independently and lawfully developed by Georgeson without access to the Confidential Information. The Fund agrees that all reports, documents and other work product provided to the Fund by Georgeson pursuant to the terms of this Agreement
are for the exclusive use of the Fund and may not be disclosed to any other person or entity, other than to the Fund’s affiliates, officers, directors, employees or agents, without the prior written consent of Georgeson. The
confidentiality obligations set forth in this paragraph shall survive the termination of this Agreement.
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(j)
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Invoices. Invoices for amounts due hereunder shall be delivered to Fund at:
ADDRESS: Xxxxxxxxx Xxxxxx High Yield Strategies Fund Inc. c/o Neuberger Xxxxxx Investment Advisers LLC 0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 ATTENTION: Xxxxx Xxxxxxx, XXxxxxxx@xx.xxx, (000) 000-0000 |
(Contact Name, Email, Phone)
Xxxxxxxxx Xxxxxx High Yield Strategies Fund Inc.
April 7, 2022
Page 4
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(k)
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Force Majeure. Georgeson will not be liable for any delay or failure in performance when such delay or failure
arises from circumstances beyond its reasonable control, including without limitation acts of God, acts of government in its sovereign or contractual capacity, acts of public enemy or terrorists, acts of civil or military authority, war,
riots, civil strife, terrorism, blockades, sabotage, rationing, embargoes, epidemics, pandemics, outbreaks of infectious diseases or any other public health crises, earthquakes, fire, flood, other natural disaster, quarantine or any other
employee restrictions, power shortages or failures, utility or communication failure or delays, labor disputes, strikes, or shortages, supply shortages, equipment failures, or software malfunctions; provided, however, that Georgeson shall
maintain commercially reasonable disaster recovery and business continuity procedures and shall use commercially reasonable efforts to remove, or work around, the cause of the delay or failure in performance as soon as reasonably
practicable.
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(l)
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Entire Agreement; Appendix. This Agreement constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the
parties hereto with respect to the subject matter hereof. The Appendix to this Agreement shall be deemed to be incorporated herein by reference as if fully set forth herein. This Agreement shall be binding upon all successors to the Fund
(by operation of law or otherwise).
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[Remainder of page intentionally left blank. Signature page follows.]
Xxxxxxxxx Xxxxxx High Yield Strategies Fund Inc.
April 7, 2022
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If the above is acceptable, please execute and return the enclosed duplicate of this Agreement to Xxxxxxxxx LLC, 1290 Avenue of the Xxxxxxxx, 0xx xxxxx, Xxx Xxxx, XX
00000, Attention: Xxxxxxxxxxx X. Xxxxxx.
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Sincerely,
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XXXXXXXXX LLC
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By:
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/s/ Xxxxxxxxxxx X. Xxxxxx | |
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Xxxxxxxxxxx X. Xxxxxx | |
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Title:
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Chief Operating Officer>US |
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Agreed to and accepted as of
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the date first set forth above:
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Xxxxxxxxx Xxxxxx High Yield Strategies Fund Inc.
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By:
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/s/ Xxxxx Xxxxxxx | |
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Xxxxx Xxxxxxx | |
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Title:
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Chief Operating Officer and Vice President | |
Xxxxxxxxx Xxxxxx High Yield Strategies Fund Inc.
April 7, 2022
Page 6
APPENDIX I
Xxxxxxxxx Xxxxxx High Yield Strategies Fund Inc.
FEES & SERVICES SCHEDULE
