THE PENNANT 504 FUND OPERATING EXPENSES LIMITATION AGREEMENTOperating Expenses Limitation Agreement • November 26th, 2013 • Pennant 504 Fund • Wisconsin
Contract Type FiledNovember 26th, 2013 Company JurisdictionTHIS OPERATING EXPENSES LIMITATION AGREEMENT, as amended (the “Agreement”) is effective as of November 12, 2013, by and between The Pennant 504 Fund, a Delaware statutory trust (the “Fund”) and Pennant Management, Inc. (the “Adviser”).