Common Contracts

FORM OF] BY-LAWS Of FEDERATED CORE TRUST III A Delaware Statutory Trust Effective as of [___________], 2008 INTRODUCTION

By-Laws • July 22nd, 2008 • Federated Core Trust III

• Contract Type
  By-Laws
• Filed
  July 22nd, 2008
• Company
  Federated Core Trust III

BY-LAWS of NATIONAL RETAIL FUND II A Delaware Statutory Trust Dated as of March 27, 2008 INTRODUCTION

By-Laws • April 9th, 2008 • National Retail Fund II

• Contract Type
  By-Laws
• Filed
  April 9th, 2008
• Company
  National Retail Fund II

Agreement and Declaration of Trust. These by-laws shall be subject to the Agreement and Declaration of Trust, as from time to time in effect (the “Declaration of Trust”), of the National Retail Fund II, a Delaware statutory trust (the “Trust”). In the event of any inconsistency between the terms hereof and the terms of the Declaration of Trust, the terms of the Declaration of Trust shall control. Terms defined in the Declaration of Trust and not otherwise defined herein are used herein with the meanings set forth or referred to in the Declaration of Trust.

BY-LAWS of NATIONAL RETAIL FUND III A Delaware Statutory Trust Dated as of March 27, 2008 INTRODUCTION

By-Laws • April 9th, 2008 • National Retail Fund III

• Contract Type
  By-Laws
• Filed
  April 9th, 2008
• Company
  National Retail Fund III

Agreement and Declaration of Trust. These by-laws shall be subject to the Agreement and Declaration of Trust, as from time to time in effect (the “Declaration of Trust”), of the National Retail Fund III, a Delaware statutory trust (the “Trust”). In the event of any inconsistency between the terms hereof and the terms of the Declaration of Trust, the terms of the Declaration of Trust shall control. Terms defined in the Declaration of Trust and not otherwise defined herein are used herein with the meanings set forth or referred to in the Declaration of Trust.