0001398344-15-001281 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • February 27th, 2015 • North American Government Bond Fund Inc • Colorado

THIS AGREEMENT is made as of February 9, 2015, between the Total Return U.S. Treasury Fund, Inc., Managed Municipal Fund, Inc., North American Government Bond Fund, Inc. and ISI Strategy Fund, Inc. (each a “Fund,” and collectively the “Funds”), each such Fund is established as a Maryland corporation, and ALPS Distributors, Inc., a Colorado corporation (“ALPS”).

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Contract
Expense Limitation Agreement • February 27th, 2015 • North American Government Bond Fund Inc • Maryland
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