0001111830-09-001318 Sample Contracts

EXPENSE LIMITATION AGREEMENT NORTH AMERICAN GOVERNMENT BOND FUND, INC. CLASS C SHARES
Expense Limitation Agreement • December 31st, 2009 • North American Government Bond Fund Inc • Maryland

THIS EXPENSE LIMITATION AGREEMENT is made as of the 1st day of March 2010 by and between NORTH AMERICAN GOVERNMENT BOND FUND, INC., a Maryland corporation (the “Fund”), and INTERNATIONAL STRATEGY & INVESTMENT INC., a Delaware corporation (“ISI” or the “Advisor”), with respect to the following:

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