0001287695-07-000172 Sample Contracts

FORM OF NOVATION OF INVESTMENT SUBADVISORY AGREEMENT
Novation Agreement • March 1st, 2007 • Enhanced S&P 500 Covered Call Fund Inc.

This Novation Agreement (this “Agreement”) is entered into this __ day of _________, 2006 by and among IQ Investment Advisors LLC, a Delaware limited liability company (the “Adviser”), PEA Capital LLC (formerly, PIMCO Equity Advisors LLC), a Delaware limited liability company (“PEA”), and Oppenheimer Capital LLC, a Delaware limited liability company (“OCC”).

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