OPERATING ACCOUNTS AMENDMENTCustody Agreement • April 26th, 2023 • Bny Mellon Appreciation Fund, Inc.
Each investment company set forth on Schedule I of the Custody Agreement (as defined below), as such Schedule may be amended from time to time (each a "Fund"), and The Bank of New York Mellon (the "Bank") are parties to a Custody Agreement dated January 1, 2011, amended as of October 1, 2013 and December 22, 2016 (the "Custody Agreement"). Various series of the respective Funds are covered by the Custody Agreement (each a "Portfolio"; if a Fund has no series, the term "Portfolio" also refers to such Fund). This amendment is an amendment to the Custody Agreement. Each entity that becomes a party to the Custody Agreement after the date of this amendment shall be a "Fund" under this amendment.
SUB-INVESTMENT ADVISORY AGREEMENT BNY MELLON APPRECIATION FUND, INC.Sub-Investment Advisory Agreement • April 26th, 2023 • Bny Mellon Appreciation Fund, Inc.
The Fund desires to employ its capital by investing and reinvesting the same in investments of the type and in accordance with the limitations specified in the Fund's Prospectus and Statement of Additional Information as from time to time in effect, copies of which have been or will be submitted to you, and in such manner and to such extent as from time to time may be approved by the Fund's Board of Directors. The Fund employs BNY Mellon Investment Adviser, Inc. (the "Adviser") to act as the Fund's investment adviser pursuant to a written agreement with the Fund (the "Investment Advisory Agreement"), a copy of which has been furnished to you. The Fund desires to retain you, and you hereby agree to accept such retention, as the Fund's sub-investment adviser as of the date set forth above (the "Effective Date").
