<SEC-DOCUMENT>0001145549-23-001477.txt : 20230117
<SEC-HEADER>0001145549-23-001477.hdr.sgml : 20230117
<ACCEPTANCE-DATETIME>20230117130839
ACCESSION NUMBER:		0001145549-23-001477
CONFORMED SUBMISSION TYPE:	N-CEN
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20221031
FILED AS OF DATE:		20230117
DATE AS OF CHANGE:		20230117
EFFECTIVENESS DATE:		20230117

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND
		CENTRAL INDEX KEY:			0001171471
		IRS NUMBER:				030426532
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-CEN
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21080
		FILM NUMBER:		23531029

	BUSINESS ADDRESS:	
		STREET 1:		2020 CALAMOS COURT
		STREET 2:		C/O CALAMOS ADVISORS LLC
		CITY:			NAPERVILLE
		STATE:			IL
		ZIP:			60653
		BUSINESS PHONE:		6302451046

	MAIL ADDRESS:	
		STREET 1:		2020 CALAMOS COURT
		STREET 2:		C/O CALAMOS ADVISORS LLC
		CITY:			NAPERVILLE
		STATE:			IL
		ZIP:			60653
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CEN
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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      <registrantFullName>Calamos Convertible Opportunities &amp; Income Fund</registrantFullName>
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      <registrantcity>Naperville</registrantcity>
      <registrantzipCode>60563</registrantzipCode>
      <registrantstate>US-IL</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>6302457200</registrantphoneNumber>
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        <website webpage="www.Calamos.com"/>
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      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>State Street Bank and Trust Company</officeName>
          <officeAddress1>1 Lincoln Street</officeAddress1>
          <officeCity>Boston</officeCity>
          <officeStateCountry officeState="US-MA" officeCountry="US"/>
          <officeRecordsZipCode>02111</officeRecordsZipCode>
          <officePhone>6177863000</officePhone>
          <booksRecordsDesc>Records related to custody of fund assets</booksRecordsDesc>
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          <officeName>State Street Bank and Trust Company</officeName>
          <officeAddress1>1 Lincoln Street</officeAddress1>
          <officeCity>Boston</officeCity>
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          <officePhone>6177863000</officePhone>
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        <locationBooksRecord>
          <officeName>Computershare</officeName>
          <officeAddress1>150 Royall Street</officeAddress1>
          <officeCity>Canton</officeCity>
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          <directorName>John P. Calamos, Sr.</directorName>
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          <directorName>William R. Rybak</directorName>
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          <directorName>Karen L. Stuckey</directorName>
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          <directorName>Christopher M. Toub</directorName>
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          <directorName>Virginia G Breen</directorName>
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          <directorName>Lloyd A. Wennlund</directorName>
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          <ccoName>Mark Mickey</ccoName>
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      <securityMatterSeriesInfo isRegistrantSubmittedMatter="Y"/>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
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      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
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        <publicAccountant>
          <publicAccountantName>Deloitte &amp; Touche LLP</publicAccountantName>
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      <isMaterialChange>N</isMaterialChange>
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        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(f)(17 CFR 270.18f-4(f))</relyOnRuleType>
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        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
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          <investmentAdviser>
            <investmentAdviserName>Calamos Advisors LLC</investmentAdviserName>
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            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
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            <pricingServiceName>Bloomberg Valuation Service</pricingServiceName>
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            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>Thomson Reuters Markets, LLC</pricingServiceName>
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            <pricingServiceIdNumberDesc>Federal Tax ID number</pricingServiceIdNumberDesc>
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            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
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            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)</custodyType>
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            <isCustodianAffiliated>N</isCustodianAffiliated>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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            <custodianName>HSBC Bank (China) Company Limited</custodianName>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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            <custodianName>Cititrust Colombia, S.A.</custodianName>
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          <custodian>
            <custodianName>Skandinaviska Enskilda Banken</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianCountry>DK</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Citibank Europe plc.</custodianName>
            <custodianLei>529900SICIK5OVMVY186</custodianLei>
            <custodianCountry>ES</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Euroclear Bank</custodianName>
            <custodianLei>549300OZ46BRLZ8Y6F65</custodianLei>
            <custodianCountry>BE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)</custodyType>
          </custodian>
          <custodian>
            <custodianName>BNP Paribas Securities Services</custodianName>
            <custodianLei>549300WCGB70D06XZS54</custodianLei>
            <custodianCountry>FR</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>State Street Bank London CREST</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianCountry>GB</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianCountry>GB</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>BNP Paribas Securities Services</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianCountry>GR</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Hongkong &amp; Shanghai Banking Corp. Ltd.</custodianName>
            <custodianLei>2HI3YI5320L3RW6NJ957</custodianLei>
            <custodianCountry>HK</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>UniCredit Bank Hungary Zrt.</custodianName>
            <custodianLei>Y28RT6GGYJ696PMW8T44</custodianLei>
            <custodianCountry>HU</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Intesa SanpaoloS.p.A</custodianName>
            <custodianLei>724500ZM62VN7JH6K383</custodianLei>
            <custodianCountry>IT</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Mizuho Bank, Ltd.</custodianName>
            <custodianLei>RB0PEZSDGCO3JS6CEU02</custodianLei>
            <custodianCountry>JP</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Hongkong &amp; Shanghai Banking Corp. Ltd.</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianCountry>JP</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Hongkong &amp; Shanghai Banking Corp. Ltd.</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianCountry>KR</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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          <custodian>
            <custodianName>Citibank N.A.</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianCountry>MX</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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          <custodian>
            <custodianName>BNP Paribas Securities Services</custodianName>
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            <custodianCountry>NL</custodianCountry>
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            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Hongkong &amp; Shanghai Banking Corp. Ltd.</custodianName>
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            <custodianCountry>NZ</custodianCountry>
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            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Citibank N.A.</custodianName>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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          <custodian>
            <custodianName>Citibank Europe plc.</custodianName>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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          <custodian>
            <custodianName>Citibank N.A.</custodianName>
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            <adminName>State Street Bank and Trust</adminName>
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    <signature registrantSignedName="Calamos Convertible Opportunities &amp; Income Fund" signedDate="2023-01-17" signature="Stephen Atkins" title="Treasurer"/>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>2
<FILENAME>chicvxb_internalctrl103122.htm
<DESCRIPTION>CHI INTERNAL CONTROL 10/31/2022
<TEXT>
<html>
<body>

<p style="margin-top:2.25pt;margin-bottom:0pt;margin-left:82.25%;margin-right:3.04%;text-indent:0%;font-size:8pt; font-family:'Calibri Light';font-size:8pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Deloitte<font style="letter-spacing:-0.5pt;"> </font>&amp;<font style="letter-spacing:-0.45pt;"> </font>Touche<font style="letter-spacing:-0.45pt;"> </font>LLP<font style="letter-spacing:2pt;"> </font>111 S Wacker Drive<font style="letter-spacing:2pt;"> </font>Chicago, IL 60606<font style="letter-spacing:4pt;"> </font><font style="letter-spacing:-0.2pt;">USA</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:7pt;">&#160;&#160;</p>
<p style="margin-top:0.05pt;line-height:9pt;margin-bottom:0pt;margin-left:82.25%;text-indent:0%;font-size:8pt; font-family:'Calibri Light';font-size:8pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Tel:<font style="letter-spacing:3.5pt;"> </font>+1<font style="letter-spacing:-0.05pt;"> </font>312<font style="letter-spacing:-0.1pt;"> </font>486<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.2pt;">1890</font>&#160;</p>
<p style="line-height:9pt;margin-bottom:0pt;margin-top:0pt;margin-left:82.25%;text-indent:0%;font-size:8pt; font-family:'Calibri Light';font-size:8pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Fax:<font style="letter-spacing:1.7pt;"> </font>+1<font style="letter-spacing:-0.05pt;"> </font>312<font style="letter-spacing:-0.1pt;"> </font>247<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.2pt;">1890</font>&#160;</p>
<p style="line-height:9pt;margin-bottom:0pt;margin-top:0pt;margin-left:82.25%;text-indent:0%;font-family:'Calibri Light';font-size:8pt; font-family:'Calibri Light';letter-spacing:-0.1pt;font-size:8pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;www.deloitte.com&nbsp;&#160;</p>
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<p style="margin-top:3.45pt;margin-bottom:0pt;margin-left:1.46%;text-indent:0%;font-size:8pt;font-family:'';font-weight:bold; font-weight:bold;font-size:8pt;font-family:'Calibri';font-style:normal;text-transform:none;font-variant: normal;">REPORT<font style="letter-spacing:-0.35pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">OF</font><font style="letter-spacing:-0.3pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">INDEPENDENT</font><font style="letter-spacing:-0.45pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">REGISTERED</font><font style="letter-spacing:-0.3pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">PUBLIC</font><font style="letter-spacing:-0.3pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">ACCOUNTING</font><font style="letter-spacing:-0.25pt;font-family:'Calibri';"> </font><font style="letter-spacing:-0.2pt;font-family:'Calibri';">FIRM</font>&#160;</p>
<p style="margin-top:0.25pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:9pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:1.45%;text-indent:0%;font-size:8pt;font-family:''; font-size:8pt;font-family:'Calibri';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To<font style="letter-spacing:-0.25pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">the</font><font style="letter-spacing:-0.3pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">shareholders</font><font style="letter-spacing:-0.25pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">and</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">the</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Board</font><font style="letter-spacing:-0.25pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">of</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Trustees</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">of</font><font style="letter-spacing:-0.3pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Calamos</font><font style="letter-spacing:-0.25pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Convertible</font><font style="letter-spacing:-0.25pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Opportunities</font><font style="letter-spacing:-0.25pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">and</font><font style="letter-spacing:-0.25pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Income</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> Fund</font>&#160;</p>
<p style="margin-top:0.35pt;margin-bottom:0pt;text-indent:0%;font-size:9pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8pt;font-family:''; font-size:8pt;font-family:'Calibri';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In<font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">planning</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">and</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">performing</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">our</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">audit of</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">the</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">financial</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">statements</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">of</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Calamos</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Convertible</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Opportunities</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">and</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Income</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Fund (the</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">"Fund")</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">as</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">of</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">and</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">for the year ended October 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States)</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">(PCAOB), we considered the Fund's internal control over financial reporting, including controls over safeguarding securities, as a basis for</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting.</font>&#160;</p>
<p style="line-height:9pt;margin-bottom:0pt;margin-top:0pt;margin-left:1.46%;text-indent:0%;font-size:8pt;font-family:''; font-size:8pt;font-family:'Calibri';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Accordingly,<font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">we</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">express</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">no</font><font style="letter-spacing:-0.25pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">such</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="letter-spacing:-0.1pt;font-family:'Calibri';">opinion.</font>&#160;</p>
<p style="margin-top:0.35pt;margin-bottom:0pt;text-indent:0%;font-size:9pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:1.46%;text-indent:0%;font-size:8pt;font-family:''; font-size:8pt;font-family:'Calibri';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this<font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">internal</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">control</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">over</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">financial</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">reporting</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">is</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">a</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">process</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">designed</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">to</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">provide</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">reasonable</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">assurance</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">regarding</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">the</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">reliability</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">of</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">financial</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">reporting</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">and</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund's internal</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">control over financial</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">reporting includes</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">those</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">policies</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">and</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">procedures that (1)</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">pertain to</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">the</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">maintenance</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">of</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">records</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">that, in reasonable</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">detail,</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3)</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a fund's assets that</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">could have a material effect on the financial statements.</font>&#160;</p>
<p style="margin-top:0.05pt;margin-bottom:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8pt;font-family:'';text-align:justify; font-size:8pt;font-family:'Calibri';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Because<font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">of</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">its</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">inherent</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">limitations,</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">internal</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">control</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">over</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">financial</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">reporting may</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">not</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">prevent</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">or</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">detect</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">misstatements.</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Also,</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">projections</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">of</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">any</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">evaluation</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">of</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">effectiveness</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">to</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">future</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">periods</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">are</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">subject</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">to</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">the</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">risk</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">that</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">controls</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">may</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">become</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">inadequate</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">because</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">of</font><font style="letter-spacing:-0.2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">changes</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">in</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">conditions</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">or</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">that the degree of compliance with the policies or procedures may deteriorate.</font>&#160;</p>
<p style="margin-top:0.1pt;margin-bottom:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:1.46%;text-indent:0%;font-size:8pt;font-family:''; font-size:8pt;font-family:'Calibri';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or<font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">weakness</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">is</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">a</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">deficiency,</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">or</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">a</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">combination</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">of</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">deficiencies,</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">in</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">internal</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">control</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">over</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">financial</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">reporting,</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">such</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">that</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">there</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">is</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">a</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">reasonable</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">possibility</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">that a material misstatement of the fund's annual or interim financial statements will not be prevented or detected on a timely basis.</font>&#160;</p>
<p style="margin-top:0.1pt;margin-bottom:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8pt;font-family:''; font-size:8pt;font-family:'Calibri';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our<font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">consideration of</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">the</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Fund's</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">internal</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">control</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">over</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">financial</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">reporting</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">was</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">for</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">the limited</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">purpose</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">described in</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">the</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">first</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">paragraph</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">and</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">would</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB.</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">However, we noted no</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">deficiencies in the Fund's internal</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">control</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">over</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">financial</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">reporting and its operation, including controls for</font><font style="letter-spacing:-0.05pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">safeguarding</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">securities, that we consider to be a material weakness, as defined above, as of October 31, 2022.</font>&#160;</p>
<p style="margin-top:0.1pt;margin-bottom:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8pt;font-family:''; font-size:8pt;font-family:'Calibri';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This<font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">report is</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">intended</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">solely</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">for</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">the information</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">and</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">use</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">of</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">management</font><font style="letter-spacing:-0.25pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">and</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">the</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Board of</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Trustees</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">of the</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Fund</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">and</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">the</font><font style="letter-spacing:-0.15pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Securities</font><font style="letter-spacing:-0.1pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">and</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8pt;font-family:''; font-size:8pt;font-family:'Calibri';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Deloitte &amp; Touche LLP&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-top:0.3pt;margin-bottom:0pt;text-indent:0%;font-size:11.5pt;">&#160;&#160;</p>
<p style="margin-top:0.05pt;margin-bottom:0pt;text-indent:0%;font-size:8pt;font-family:''; font-size:8pt;font-family:'Calibri';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Chicago,<font style="letter-spacing:-0.25pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">Illinois</font><font style="letter-spacing:2pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">December</font><font style="letter-spacing:-0.5pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">19,</font><font style="letter-spacing:-0.45pt;font-family:'Calibri';"> </font><font style="font-family:'Calibri';">2022</font>&#160;</p></body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>MATERIAL AMENDMENTS
<SEQUENCE>3
<FILENAME>chi_bylawsmrpsissuaug2321.htm
<DESCRIPTION>CHI BY LAWS MRPS ISSUANCE AUG 23 2021
<TEXT>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Calamos Convertible Opportunities and Income Fund&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">BY-LAWS&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;text-transform:uppercase;font-size:12pt;font-family:'Times New Roman';font-style:normal;font-variant: normal;">(as amended and restated through August 23, 2021)<font style="font-weight:normal;text-transform:none;font-family:'Times New Roman';"><br></font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Agreement and Declaration of Trust&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc6198157"></a>General. <font style="font-weight:normal;font-family:'Times New Roman';"> These By-Laws shall be subject to the Agreement and Declaration of Trust, as from time to time amended, supplemented or restated (the &#8220;Declaration of Trust&#8221;) of Calamos Convertible Opportunities and Income Fund (the &#8220;Trust&#8221;), a Delaware statutory trust established by the Declaration of Trust.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc6198158"></a>Definitions.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;Unless otherwise defined herein, the terms used herein have the respective meanings given them in the Declaration of Trust.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br><br><font style="text-transform:uppercase;font-family:'Times New Roman';">Offices</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Offices. <font style="font-weight:normal;font-family:'Times New Roman';"> The Trust may have such offices in such places without as well as within the State of Delaware as the Trustees may from time to time determine.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Registered Office and Registered Agent.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;The registered office of the Trust shall be located in the City of Wilmington, State of Delaware or such other location within the State of Delaware as the Trustees may from time to time determine.&#160;&#160;The Board of Trustees shall establish a registered office in the State of Delaware and shall appoint a registered agent for service of process in the State of Delaware for the Trust as provided in the Delaware Statutory Trust Act, 12 </font><font style="text-decoration:underline;font-weight:normal;font-family:'Times New Roman';">Del</font><font style="font-weight:normal;font-family:'Times New Roman';">. </font><font style="text-decoration:underline;font-weight:normal;font-family:'Times New Roman';">C</font><font style="font-weight:normal;font-family:'Times New Roman';">. &#167;&#167; 3801, et seq., as amended from time to time.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br><br><font style="text-transform:uppercase;font-family:'Times New Roman';">Shareholders</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Annual Meetings. <font style="font-weight:normal;font-family:'Times New Roman';"> Annual meetings of the Shareholders of the Trust or a Series or Class thereof shall be held on such date and at such place (which shall include a meeting held solely by means of remote communications) within or without the State of Delaware as the Trustees shall designate.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Special Meetings.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Special meetings of the Shareholders may be called at any time by the Chairman, the President or the Trustees.&#160;&#160;Subject to subsection&#160;(c) of this Section&#160;3.2, a special meeting of Shareholders shall also be called by the Secretary of the Trust upon the written request of the Shareholders entitled to cast not less than a majority of all the votes entitled to be cast at such meeting.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Any Shareholder of record seeking to have Shareholders request a special meeting shall, by sending written notice to the Secretary (the &#8220;Record Date Request Notice&#8221;) by registered mail, return receipt requested, request the Trustees to fix a record date to determine the Shareholders entitled to request a special meeting (the &#8220;Requested Record Date&#8221;). The Record Date Request Notice shall set forth the purpose of the meeting and the matters proposed to be acted on at it, shall be signed by one or more Shareholders of record as of the date of signature (or their duly authorized agents), shall bear the date of signature of each such Shareholder (or other agent) and shall set forth all information relating to each such Shareholder that must be disclosed in solicitations of proxies for election of trustees in an election contest (even if an election contest is not involved), or is otherwise required, in each case pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), and the rules and regulations promulgated thereunder. Upon receiving the Record Date Request Notice, the Trustees may fix a Requested Record Date. The Requested Record Date shall not precede and shall not be more than ten days after the close of business on the date on which the resolution fixing the Requested Record Date is adopted by the Trustees. If the Trustees, within thirty days after the date on which a valid Record Date Request Notice is received, fail to adopt a resolution fixing the Requested Record Date and make a public announcement of such Requested Record Date, the Requested Record Date shall be the close of business on the 30th day after the first date on which the Record Date Request Notice is received by the Secretary.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In order for any Shareholder to request a special meeting, one or more written requests for a special meeting signed by Shareholders of record (or their duly authorized agents) as of the Requested Record Date entitled to cast not less than a majority (the &#8220;Special Meeting Percentage&#8221;) of all of the votes entitled to be cast at such meeting (the &#8220;Special Meeting Request&#8221;) shall be delivered to the Secretary. The purpose of the meeting and the matters proposed to be acted on at it, which may be presented by the Special Meeting Request, shall be limited to the matters set forth in the Record Date Request Notice received by the Secretary. The Special Meeting Request shall bear the date of signature of each such Shareholder (or other agent) signing the Special Meeting Request, shall set forth the name and address, as they appear in the Trust&#8217;s books, of each Shareholder signing such request (or on whose behalf the Special Meeting Request is signed) and the class and number of shares of the Trust which are owned of record and beneficially by each such Shareholder, shall be sent to the Secretary by registered mail, return receipt requested, and shall be received by the Secretary within sixty days after the Request Record Date. Any requesting Shareholder may revoke his, her or its request for a special meeting at any time by written revocation delivered to the Secretary.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Secretary shall inform the requesting Shareholders of the reasonably estimated cost of preparing and mailing the notice of meeting (including the Trust&#8217;s proxy materials).&#160;&#160;The Secretary shall not be required to call a special meeting upon Shareholder request and such meeting shall not be held unless, in addition to the documents required by paragraphs&#160;(b) and (c) of this Section&#160;3.2, the Secretary receives payment of such reasonably estimated cost prior to the mailing of any notice of the meeting.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Except as provided in the next sentence, any special meeting shall be held at such place (which shall include a meeting held solely by means of remote communications), date and time as may be designated by the President, Chairman or Trustees, whoever has called the meeting.&#160;&#160;In the case of any special meeting called by the Secretary upon the request of Shareholders (a &#8220;Shareholder Requested Meeting&#8221;), such meeting shall be held at such place (which shall include a meeting held solely by means of remote communications), date and time as may be designated by the Trustees; PROVIDED, however, that the date of any Shareholder Requested Meeting shall be not more than ninety&#160;days after the record date for such meeting (the &#8220;Meeting Record Date&#8221;); and PROVIDED FURTHER that if the Trustees fail to designate, within thirty&#160;days after the date that a valid Special Meeting Request is actually received by the Secretary (the &#8220;Delivery Date&#8221;), a date and time for a Shareholder Requested Meeting, then such meeting shall be held at 2:00&#160;p.m. Central Time on the 90th day after the date the request for such meeting is actually received by the Trust or, if such 90th day is not a Business Day (as defined below), on the first preceding Business Day; and PROVIDED FURTHER that in the event that the Trustees fail to designate a place (which shall include a meeting held solely by means of remote communications) for a Shareholder Requested Meeting within thirty&#160;days after the Delivery Date, then such meeting shall be held at the principal office of the Trust.&#160;&#160;In fixing a date for any special meeting, the President, Chairman or Trustees may consider such factors as he, she, or they deem(s) relevant within the good faith exercise of business judgment, including, without limitation, the nature of the matters to be considered, the facts and circumstances surrounding any request for a meeting and any plan of the Trustees to call an annual meeting or a special meeting.&#160;&#160;In the case of any Shareholder Requested Meeting, if the Trustees fail to fix a Meeting Record Date that is a date within thirty&#160;days after the Delivery Date, then the close of business on the 30th day after the Delivery Date shall be the Meeting Record Date.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If at any time as a result of written revocations of requests for the special meeting, Shareholders of record (or their duly authorized agents) as of the Request Record Date entitled to cast less than the Special Meeting Percentage shall have delivered and not revoked requests for a special meeting, the Secretary may refrain from mailing the notice of the meeting or, if the notice of the meeting has been mailed, the Secretary may revoke the notice of the meeting at any time before ten&#160;days prior to the meeting if the Secretary has first sent to all other requesting Shareholders written notice of such revocation and of intention to revoke the notice of the meeting.&#160;&#160;Any request for a special meeting received after a revocation by the Secretary of a notice of a meeting shall be considered a request for a new special meeting.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Chairman, the President or the Trustees may appoint regionally or nationally recognized independent inspectors of elections to act as the agent of the Trust for the purpose of promptly performing a ministerial review of the validity of any purported Special Meeting Request received by the Secretary.&#160;&#160;For the purpose of permitting the inspectors to perform such review, no such purported request shall be deemed to have been delivered to the Secretary until the earlier of (i)&#160;five Business Days after receipt by the Secretary of such purported request and (ii)&#160;such date as the independent inspectors certify to the Trust that the valid requests received by the Secretary represent at least a majority of the issued and outstanding shares of stock that would be entitled to vote at such meeting.&#160;&#160;Nothing contained in this paragraph&#160;(g) shall in any way be construed to suggest or imply that the Trust or any Shareholder shall not be entitled to contest the validity of any request, whether during or after such five&#160;Business Day period, or to take any other action (including, without limitation, the commencement, prosecution or defense of any litigation with respect thereto, and the seeking of injunctive relief in such litigation).&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Business Day.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;For purposes of these By-Laws, &#8220;Business Day&#8221; shall mean any day other than a Saturday, a Sunday or a day on which banking institutions in the State of New York are authorized or obligated by law or executive order to close.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Notice of Meetings.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;Notice of all meetings of the Shareholders, stating the time, place (which shall include a meeting held solely by means of remote communications) and purposes of the meeting, shall be given by the Trustees by mail or telegraphic or electronic means, or given as otherwise provided herein, to each Shareholder at the Shareholder&#8217;s address as recorded on the register of the Trust mailed at least ten&#160;days and not more than ninety&#160;days before the meeting, PROVIDED, HOWEVER, that notice of a meeting need not be given to a Shareholder to whom such notice need not be given under the proxy rules of the Commission under the 1940 Act and the Exchange Act; and PROVIDED, FURTHER, that notice of any Shareholder Requested Meeting shall be provided in a manner and time consistent with Section&#160;3.2(e).&#160;&#160;Only the business stated in the notice of the meeting shall be considered at such meeting.&#160;&#160;Any adjourned meeting may be held and adjourned without further notice.&#160;&#160;No notice need be given to any Shareholder who shall have failed to inform the Trust of his or her current address or if a written waiver of notice, executed before or after the meeting by the Shareholder who shall have failed to inform the Trust of his or her current address or if a written waiver of notice, executed before or after the meeting by the Shareholder or his or her attorney thereunto authorized, is filed with the records of the meeting.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Record Date for Meetings and Other Purposes.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;Except as provided in Section&#160;3.2, for the purpose of determining the Shareholders who are entitled to notice of and to vote at any meeting, or to participate in any distribution, or for the purpose of any other action, the Trustees may from time to time close the transfer books for such period, not exceeding thirty&#160;days, as the Trustees may determine; or without closing the transfer books the Trustees may fix a date not more than ninety&#160;days prior to the date of any meeting of Shareholders or distribution or other action as a record date for the determination of the persons to be treated as Shareholders of record for such purposes, except for dividend payments which shall be governed by the Declaration of Trust.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Proxies.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;At any meeting of Shareholders, any holder of Shares or Preferred Securities entitled to vote thereat may vote by proxy, provided that no proxy shall be voted at any meeting unless it shall have been placed on file with the Secretary, or with such other officer or agent of the Trust as the Secretary may direct, for verification prior to the time at which such vote shall be taken, and no such proxy shall be voted or acted upon after three years from its date, unless the proxy provides for a longer period. A proxy shall be irrevocable if it states that it is irrevocable and if, and only as long as, it is coupled with an interest sufficient in law to support an irrevocable power. A Shareholder may revoke any proxy which is not irrevocable by attending the meeting and voting in person or by delivering to the Secretary a revocation of the proxy or a new proxy bearing a later date. A proxy shall be deemed signed if the Shareholder&#8217;s name is placed on the proxy, (whether by manual signature, typewriting, telegraphic transmission, facsimile, other electronic means or otherwise) by the Shareholder or the Shareholder&#8217;s attorney-in-fact. Proxies may be recorded by any electronic, telephonic, internet or other telecommunication device except as otherwise provided in the Declaration of Trust. The placing of a Shareholder&#8217;s name on a proxy pursuant to telephonic or electronically transmitted instructions pursuant to procedures reasonably designed to verify that such instructions have been authorized by the Shareholder shall constitute execution of the proxy by or on behalf of the Shareholder. Proxies may be solicited in the name of one or more Trustees or one or more of the officers of the Trust. Only Shareholders of record shall be entitled to vote. As determined by the Trustees without the vote or consent of Shareholders, on any matter submitted to a vote of Shareholders each whole Share shall be entitled to one vote as to any matter on which it is entitled to vote and each fractional Share shall be entitled to a proportionate fractional vote. Without limiting their power to designate otherwise in accordance with the preceding sentence, the Trustees have established in the Declaration of Trust that each whole Share and Preferred Security shall be entitled to one vote as to any matter on which it is entitled by the Declaration of Trust to vote and fractional shares shall be entitled to a proportionate fractional vote. When any Share or Preferred Security is held jointly by several persons, any one of them may vote at any meeting in person or by proxy in respect of such Share or Preferred Security, but if more than one of them shall be present at such meeting in person or by proxy, and such joint owners or their proxies so present disagree as to any vote to be cast, such vote shall not be received in respect of such Share or Preferred Security. A proxy, including a photographic or similar reproduction thereof and a telegram, cablegram, wireless or similar transmission thereof, purporting to be executed by or on behalf of a Shareholder shall be presumed valid unless challenged at or prior to its exercise, and the burden of proving invalidity shall rest on the challenger. If the holder of any such Share or Preferred Security is a minor or a person of unsound mind, and subject to guardianship or the legal control of any other person as regards the charge or management of such Share or Preferred Security, he or she may vote by his or her guardian or such other person appointed or having such control, and such vote may be given in person or by proxy. Except as otherwise provided herein or in the Declaration of Trust or the Delaware Statutory Trust Act, 12 </font><font style="text-decoration:underline;font-weight:normal;font-family:'Times New Roman';">Del</font><font style="font-weight:normal;font-family:'Times New Roman';">. </font><font style="text-decoration:underline;font-weight:normal;font-family:'Times New Roman';">C</font><font style="font-weight:normal;font-family:'Times New Roman';">. &#167;&#167; 3801 </font><font style="text-decoration:underline;font-weight:normal;font-family:'Times New Roman';">et</font><font style="font-weight:normal;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-weight:normal;font-family:'Times New Roman';">seq</font><font style="font-weight:normal;font-family:'Times New Roman';">., all matters relating to the giving, voting or validity of proxies shall be governed by the General Corporation Law of the State of Delaware relating to proxies, and judicial interpretations thereunder, as if the Trust were a Delaware corporation and the Shareholders were shareholders of a Delaware corporation.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc6198167"></a>Inspection of Books.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;The Trustees shall from time to time determine whether and to what extent, and at what times and places, and under what conditions and regulations the accounts and books of the Trust or any of them shall be open to the inspection of the Shareholders; and no Shareholder shall have any right to inspect any account or book or document of the Trust except as conferred by law or otherwise by the Trustees or by resolution of the Shareholders.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;"> Nominations and Proposals by Shareholders.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Annual Meetings of Shareholders.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Nominations of persons for election as a Trustee and the proposal of other business to be considered by the Shareholders may be made at an annual meeting of Shareholders (i) pursuant to the Trust&#8217;s notice of meeting (or any supplement thereto), (ii) by or at the direction of the Trustees or any committee thereof or (iii) by any Shareholder of the Trust who was a Shareholder of record at the time the notice provided for in this Section 3.8(a) is delivered to the Secretary and at the time of the annual meeting, who held Shares continuously for such period (the &#8220;Holding Period&#8221;), who is entitled to vote at the meeting, who complied with the notice procedures set forth in this Section 3.8(a) and, with respect to the proposal of business (other than nominations of persons for election as a Trustee), who held, together with any other Shareholders proposing such business, Qualifying Shares continuously for the Holding Period.&#160;&#160;For purposes of this Section 3.8(a)(1), &#8220;Qualifying Shares&#8221; shall mean 5% of the Outstanding Shares of the Trust or 5% of the Outstanding Shares of the Series or Class to which the proposal relates.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For nominations for election to the Trustees or other business to be properly brought before an annual meeting by a Shareholder pursuant to clause (iii) of paragraph (a)(1) of this Section 3.8, the Shareholder must have given timely notice thereof in writing to the Secretary of the Trust and any such proposed business (other than nominations of persons for election as a Trustee) must otherwise be a proper matter for action by Shareholders.&#160;&#160;Without limiting the generality of the foregoing, no proposal may be made with respect to any matter that the Shareholders do not have the right to vote on under Section 1 of Article VII of the Declaration of Trust. To be timely, a Shareholder&#8217;s notice must be delivered to the Secretary at the principal executive office of the Trust by not later than the close of business on the 90th day prior to the first anniversary of the date of mailing of the notice for the preceding year&#8217;s annual meeting nor earlier than the close of business on the 120th day prior to the first anniversary of the date of the mailing of the notice for the preceding year&#8217;s annual meeting; provided, however, that in the event that the date of the mailing of the notice for the annual meeting is advanced or delayed by more than thirty days from the anniversary date of the mailing of the notice for the preceding year&#8217;s annual meeting, notice by the Shareholder to be timely must be so delivered not earlier than the close of business on the 120th day prior to the date of mailing of the notice for such annual meeting and not later than the close of business on the later of the 90th day prior to the date of mailing of the notice for such annual meeting or the 10th day following the day on which public announcement of the date of mailing of the notice for such meeting is first made by the Trust. In no event shall the public announcement of a postponement of the mailing of the notice for such annual meeting or of an adjournment or postponement of an annual meeting to a later date or time commence a new time period for the giving of a Shareholder&#8217;s notice as described above. A Shareholder&#8217;s notice to be proper must set forth: (a) as to the Shareholder giving the notice and the beneficial owners, if any, on whose behalf the nomination or proposal is made (i) the name and address of such Shareholder, as they appear in the Trust&#8217;s books, and of such beneficial owner, (ii) the class or series and number of all shares of the Trust owned beneficially and of record by Shareholder at the time the recommendation is submitted and the dates on which such shares were acquired, specifying the number of shares owned beneficially, (iii) a description of all arrangements, agreements, or understandings between the Shareholder and any other person or persons (including their names) pursuant to which the Shareholder recommendation is being made (including, in the case of a nomination, the candidate), and if none, so specify, (iv) a representation, which is complied with, that the Shareholder is a Shareholder of record of the Trust entitled to vote at such meeting and intends to appear in person or by proxy at the meeting to propose such business or nomination, (v) a representation, which is complied with, that the Shareholder or the beneficial owner, if any, intends or is part of a group which intends to deliver a proxy statement and/or form of proxy to Shareholders entitled to cast the requisite number of votes to approve or adopt the proposal or elect the nominee, and (vi) any other information relating to such Shareholder and beneficial owner, if any, that must be disclosed in solicitation of proxies for election of trustees in an election contest (even if an election contest is not involved), or otherwise would be required, in each case pursuant to the Exchange Act and the rules and regulations promulgated thereunder; (b) as to each person whom the Shareholder proposes to nominate for election as a Trustee (i) a full listing of the proposed candidate&#8217;s education, experience (including knowledge of the investment company industry, experience as a trustee or director or senior officer of public or private companies, and directorships on other boards of other registered investment companies), current employment, date of birth, business and residence address, and the names and addresses of at least three professional references, (ii) information as to whether the candidate is, has been or may be an &#8220;interested person&#8221; (as such term is defined in the Investment Company Act of 1940, as amended) of the Trust, Calamos Advisors LLC (the &#8220;Adviser&#8221;) or any affiliate of the Adviser, and, if believed not to be or have been an &#8220;interested person,&#8221; information regarding the candidate that will be sufficient for the Trustees to make such determination, (iii) the written and signed consent of the candidate to be named as a nominee and to serve as a Trustee of the Trust, if elected, (iv) the class or series and number of all shares of the Trust or any other Trust owned of record or beneficially by the candidate, as reported by the candidate, and (v) such other information that would be helpful to the Trustees in evaluating the candidate; and (c) as to any other business that the Shareholder proposes to bring before the meeting, a brief description of the business desired to be brought before the meeting, the text of the proposal or business (including the text of any resolutions proposed for consideration), the reasons for conducting such business at the meeting and any material interest in such business of such Shareholder and the beneficial owner, if any, on whose behalf the proposal is made.&#160;&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A Shareholder providing notice of any nomination or any other business proposed to be made at a meeting shall further update and supplement such notice so that: (a) the information provided in such notice pursuant to this Section 3.8 shall be complete and correct as of the record date for determining the Shareholders entitled to receive notice of the meeting, and such update and supplement shall be delivered to, or be mailed and received by, the Secretary at the principal executive office of the Trust not later than five (5) business days after the record date for determining the Shareholders entitled to receive notice of such meeting and (b) with respect to nominations of persons for election as a Trustee, any additional information reasonably requested by the Board of Trustees to determine that each person whom the Shareholder proposes to nominate for election as a Trustee is qualified to act as a Trustee, including information reasonably requested by the Board of Trustees to determine that such proposed candidate has met the trustee qualifications as set out in Section 4.6 of these By-Laws, is provided, and such update and supplement shall be delivered to, or be mailed and received by, the Secretary at the principal executive office of the Trust not later than five (5) business days after the request by the Board of Trustees for additional information regarding trustee qualifications has been delivered to, or mailed and received by, such Shareholder providing notice of any nomination.<font style="color:#000000;font-family:'Times New Roman';"> </font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In the event that the number of trustees to be elected to the Board of Trustees is increased effective after the time period for which nominations would otherwise be due under paragraph (a)(1) of this Section 3.8 and there is no public announcement by the Trust of such action or specifying the size of the increased Trustees at least one hundred days prior to the first anniversary of the date of mailing of the notice for the preceding year&#8217;s annual meeting, a Shareholder&#8217;s notice required by this Section 3.8 shall also be considered timely, but only with respect to nominees for any new positions created by such increase, if the notice is delivered to the Secretary at the principal executive offices of the Trust not later than the close of business on the 10th day immediately following the day on which such public announcement is first made by the Trust.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Special Meetings of Shareholders.&#160;&#160;Only such business shall be conducted at a special meeting of Shareholders as shall have been brought before the meeting pursuant to the Trust&#8217;s notice of meeting.&#160;&#160;Nominations of persons for election to the Trustees may be made at a special meeting of Shareholders at which trustees are to be elected (i)&#160;pursuant to the Trust&#8217;s notice of meeting (or any supplement thereto), (ii)&#160;by or at the direction of the Trustees or any committee thereof or (iii)&#160;provided that the Trustees have determined that trustees shall be elected at such special meeting, by any Shareholder of the Trust who is a Shareholder of record both at the time the notice provided for in this Section&#160;3.8(b) is delivered to the Secretary and at the time of the special meeting, who is entitled to vote at the meeting and who complied with the notice procedures set forth in this Section&#160;3.8(b)<font style="font-weight:bold;font-family:'Times New Roman';">.</font><font style="font-family:'Times New Roman';">&#160;&#160;In the event the Trust calls a special meeting of Shareholders for the purpose of electing one or more Trustees, any such Shareholder may nominate a person or persons (as the case may be) for election to such position as specified in the Trust&#8217;s notice of meeting, if the Shareholder&#8217;s notice containing the information required by paragraph&#160;(a)(2) of this Section&#160;3.8 shall have been delivered to the Secretary at the principal offices of the Trust not earlier than the close of business on the 120th day prior to such special meeting and not later than the close of business on the later of the 90th day prior to such special meeting or the 10th day following the day on which public announcement is first made of the date of the special meeting and the nominees proposed by the Trustees to be elected at such meeting.&#160;&#160;In no event shall the public announcement of a postponement or adjournment of a special meeting to a later date or time commence a new time period for the giving of a Shareholder&#8217;s notice as described above.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">General.&#160;&#160;Only such persons who are nominated in accordance with the procedures and requirements set forth in this Section 3.8 shall be eligible to serve as trustee, and only such business shall be conducted at a meeting of Shareholders as shall have been brought before the meeting in accordance with the procedures and requirements set forth in this Section 3.8. The chairman of the meeting shall have the power and duty to determine whether a nomination or any other business proposed to be brought before the meeting was made or proposed, as the case may be, in accordance with the procedures and requirements set forth in this Section 3.8 and, if any proposed nomination or other business is not in compliance with this Section 3.8, to declare that such nomination or proposal shall be disregarded. Without limiting the generality of the foregoing or any other requirements herein, (i) a Shareholder shall be disqualified from bringing any business proposed to be brought before a meeting if all of the information in such Shareholder&#8217;s notice, or provided in connection therewith, is not correct and complete or if such Shareholder does not comply fully with the representations in such notice and (ii) if the Shareholder (or a qualified representative of such Shareholder) does not appear at the annual or special meeting of Shareholders of the Trust to present a nomination or proposed business, such nomination shall be disregarded and such proposed business shall not be transacted, notwithstanding that proxies in respect of such vote may have been received by the Trust. For purposes of this Section 3.8, to be considered a qualified representative of a Shareholder, a person must be a duly authorized officer, manager or partner of such Shareholder or must be authorized by a writing executed by such Shareholder or an electronic transmission delivered by such Shareholder to act for such Shareholder as proxy at the meeting of Shareholders and such person must produce such writing or electronic transmission, or a reliable reproduction of the writing or electronic transmission, at the meeting of Shareholders.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For purposes of this Section&#160;3.8 (a)&#160;the &#8220;date of mailing of the notice&#8221; shall mean the date of the proxy statement for the solicitation of proxies for election of trustees and (b)&#160;&#8220;public announcement&#8221; shall mean disclosure (i)&#160;in a press release either transmitted to the principal securities exchange on which Shares of the Trust&#8217;s common stock are traded or reported by a recognized news service or (ii)&#160;in a document publicly filed by the Trust with the Commission.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Compliance with State and Federal Law.&#160;&#160;Notwithstanding the foregoing provisions of this Section&#160;3.8, a Shareholder shall also comply with all applicable requirements of state law and of the Exchange Act and the rules and regulations thereunder with respect to the matters set forth in this Section&#160;3.8.&#160;&#160;Nothing in this Section&#160;3.8 shall be deemed to affect any right of a Shareholder to request inclusion of a proposal in, nor the right of the Trust to omit a proposal from, the Trust&#8217;s proxy statement pursuant to Rule 14a-8 (or any successor provision) under the Exchange Act.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Abstentions and Broker Non-Votes.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;Outstanding Shares and Preferred Securities represented in person or by proxy (including Shares and Preferred Securities which abstain or do not vote with respect to one or more of any proposals presented for Shareholder approval) will be counted for purposes of determining whether a quorum is present at a meeting.&#160;&#160;Abstentions will be treated as Shares or Preferred Securities, as applicable, that are present and entitled to vote for purposes of determining the number of Shares and Preferred Securities that are present and entitled to vote with respect to any particular proposal, but will not be counted as a vote in favor of such proposal.&#160;&#160;If a broker or nominee holding Shares or Preferred Securities in &#8220;street name&#8221; indicates on the proxy that it does not have discretionary authority to vote as to a particular proposal, those Shares or Preferred Securities, as applicable, will not be considered as present and entitled to vote with respect to such proposal.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Action without Meeting. <font style="font-weight:normal;font-family:'Times New Roman';"> Any action which may be taken by Shareholders may be taken without a meeting if a majority of Outstanding Shares and a majority of outstanding Preferred Securities, in each case entitled to vote on the matter (or such larger proportion thereof as shall be required by law), consenting as separate classes and together as a single class, consent to the action in writing and the written consents are filed with the records of the meetings of Shareholders.&#160;&#160;Such consents shall be treated for all purposes as a vote taken at a meeting of Shareholders.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Virtual Meetings.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;Notwithstanding any other provision of these By-laws, pursuant to Section 3806(b)(5) and (f) of the Delaware Statutory Trust Act, the Board of Trustees shall have the power and authority to determine that any annual or special meeting of Shareholders be held solely by means of conference telephone or other communications equipment, in lieu of being held at any designated place, and participation in such a meeting shall constitute presence in person at the meeting.&#160;&#160;Any such meeting shall be subject to such guidelines and procedures as the Board of Trustees may adopt and the notice for any such meeting need not designate a &#8220;place&#8221; of the meeting if it is to be held solely by means of conference telephone or other communications equipment.</font><font style="font-size:10pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">The Trustees may, in their sole discretion, notify Shareholders of any postponement, adjournment or a change of the place of a meeting of Shareholders (including a change to hold the meeting solely by means of remote communication) by a document publicly filed by the Trust with the Securities and Exchange Commission (&#8220;SEC&#8221;) without the requirement of any further notice hereunder.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br><br>T<font style="text-transform:uppercase;font-family:'Times New Roman';">rustees</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.1<font style='padding-left:4em'></font><font style="font-weight:bold;font-family:'Times New Roman';">Chairman of the Trustees.&#160;&#160;</font><font style="font-family:'Times New Roman';">The Trustees shall appoint one of their number to be Chairman of the Trustees (&#8220;Chairman&#8221;).&#160;&#160;Unless otherwise determined by the Trustees, the Chairman shall preside at all meetings of the Trustees and shareholders and shall have such other duties as may be assigned to the Chairman by the Trustees from time to time.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.2<font style='padding-left:4em'></font><font style="font-weight:bold;font-family:'Times New Roman';">Lead Independent Trustee.</font><font style="font-family:'Times New Roman';">&#160;&#160;If the Chairman is an &#8220;interested person&#8221; of the Trust, as defined in the Investment Company Act of 1940 (the &#8220;1940 Act&#8221;), the Trustees who are not such interested persons of the Trust (&#8220;Independent Trustees&#8221;) shall appoint one of their number to be Lead Independent Trustee, who shall have such duties as may be assigned by the Independent Trustees from time to time.</font>&#160;</p><font style='padding-left:4em'></font>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:0%;"><font style='padding-left:4em'></font>4.3<font style='padding-left:4em'></font><font style="font-family:'Times New Roman';"></font><font style="font-weight:bold;font-family:'Times New Roman';">Meetings of the Trustees.</font><font style="font-family:'Times New Roman';">&#160;&#160;The Trustees may in their discretion provide for regular or stated meetings of the Trustees.&#160;&#160;Notice of regular or stated meetings need not be given.&#160;&#160;Meetings of the Trustees other than regular or stated meetings shall be held whenever called by the Chairman, the Lead Independent Trustee or by two or more other Trustees, at the time then in office.&#160;&#160;Notice of the time and place of each meeting other than regular or stated meetings shall be given by the Secretary or an Assistant Secretary or by the officer or Trustee calling the meeting and shall be mailed, postage prepaid, to each Trustee at least three days before the meeting, or shall be given by telephone, cable, wireless, facsimile or other electronic mechanism by which receipt thereof can be confirmed to each Trustee at his or her business address, or personally delivered to him or her at least one day before the meeting.&#160;&#160;Such notice may, however, be waived by any Trustee.&#160;&#160;Notice of a meeting need not be given to any Trustee if a written waiver of notice, executed by him or her before or after the meeting, is filed with the records of the meeting, or to any Trustee who attends the meeting without protesting prior thereto or at its commencement the lack of notice to him or her.&#160;&#160;A notice or waiver of notice need not specify the purpose of any meeting.&#160;&#160;The Trustees may meet by means of a telephone conference circuit or similar communications equipment by means of which all persons participating in the meeting can hear each other at the same time and participation by such means shall be deemed to have been held at a place designated by the Trustees at the meeting.&#160;&#160;Participation in a telephone conference meeting shall constitute presence in person at such meeting.&#160;&#160;Notwithstanding the foregoing, all actions of the Trustees shall be taken in compliance with the provisions of the 1940 Act.</font>&#160;</p><font style='padding-left:4em'></font>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:0%;"><font style='padding-left:4em'></font>4.4<font style='padding-left:4em'></font><font style="font-family:'Times New Roman';"></font><font style="font-weight:bold;font-family:'Times New Roman';">Quorum and Manner of Acting. </font><font style="font-family:'Times New Roman';"> A majority of the Trustees then in office shall be present in person at any regular or special meeting of the Trustees in order to constitute a quorum for the transaction of business at such meeting and (except as otherwise required by law, the Declaration of Trust or these By-Laws) the act of a majority of the Trustees present at any such meeting, at which a quorum is present, shall be the act of the Trustees.&#160;&#160;In the absence of a quorum, a majority of the Trustees present may adjourn the meeting from time to time until a quorum shall be present.&#160;&#160;Notice of an adjourned meeting need not be given.</font>&#160;</p><font style='padding-left:4em'></font>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:0%;"><font style='padding-left:4em'></font>4.5<font style='padding-left:4em'></font><font style="font-family:'Times New Roman';"></font><font style="font-weight:bold;font-family:'Times New Roman';">Action by Consent</font><font style="font-family:'Times New Roman';">.&#160;&#160;Any action required or permitted to be taken at any meeting of the Trustees may be taken by the Trustees without a meeting if a majority of the Trustees then in office (or such higher number of Trustees as would be required to act on the matter under the Declaration of Trust, these By-Laws or applicable law if a meeting were held) consent to the action in writing and the written consents are filed with the records of the Trustees&#8217; meetings. Such consents shall be treated as a vote for all purposes.&#160;&#160;</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.6<font style='padding-left:4em'></font><font style="font-weight:bold;font-family:'Times New Roman';">Trustee Qualifications. </font><font style="font-family:'Times New Roman';"> Except to the extent that such requirements are waived by a majority of the Continuing Trustees then in office at the time of the nomination of such Trustee, only persons satisfying the following qualification requirements may be nominated, elected, appointed, qualified or seated (&#8220;nominated or seated&#8221;) to serve as Trustees:</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(A) An individual nominated or seated as a Trustee shall be at least twenty-one years of age and not older than the mandatory retirement age determined from time to time by the Trustees or a committee of the Trustees, in each case at the time the individual is nominated or seated.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(B) An individual nominated or seated as a Trustee shall, at the time the individual is nominated or seated, serve as a trustee or director of no more than 5 investment companies (including the Trust) having securities registered under the Exchange Act (investment companies or individual series thereof having the same investment adviser or investment advisers affiliated through a control relationship shall all be counted as a single company for this purpose). &#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(C) An individual nominated or seated as a Trustee shall not serve or have served within the past 3 years as a trustee of any closed-end investment company which, while such individual was serving as a trustee or within one year after the end of such service, ceased to be a closed-end investment company registered under the 1940 Act, unless such individual was initially nominated for election as a trustee by the board of trustees of such closed-end investment company or had served as a trustee since the inception of such closed-end investment company.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(D) Except as set forth in this Section 4.6, an individual nominated or seated as a Trustee shall not be an employee, officer, partner, member, trustee, director or 5% or greater shareholder in any investment adviser (other than the Trust&#8217;s investment adviser or any investment adviser affiliated with the Trust&#8217;s investment adviser), collective investment vehicle primarily engaged in the business of investing in &#8220;investment securities&#8221; (as defined in the 1940 Act) (an &#8220;investment company&#8221;) or entity controlling or controlled by any investment adviser (other than the Trust&#8217;s investment adviser or any investment adviser affiliated with the Trust&#8217;s investment adviser) or investment company.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(E) An individual nominated or seated as a Trustee shall not be and shall not have been subject to any censure, order, consent decree (including consent decrees in which the respondent has neither admitted nor denied the findings) or adverse final action of any federal, state or foreign governmental or regulatory authority (including self-regulatory organizations), barring or suspending such individual from participation in or association with any investment-related business or restricting such individual&#8217;s activities with respect to any investment-related business, nor shall an individual nominated or seated as a Trustee be the subject of any investigation or proceeding that could reasonably be expected to result in an individual nominated or seated as a Trustee failing to satisfy the requirements of this paragraph, nor shall any individual nominated or seated as a Trustee be or have engaged in any conduct that has resulted in, or could have reasonably been expected or would reasonably be expected to result in, the SEC censuring, placing limitations on the activities, functions, or operations of, suspending, or revoking the registration of any investment adviser under Section 203(e) or (f) of the Investment Advisers Act of 1940, as amended.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(F) An individual nominated or seated as a Trustee shall not have been charged (unless such charges were dismissed or the individual was otherwise exonerated) with a criminal offense involving moral turpitude, dishonesty or breach of trust, or have been convicted or have pled guilty or nolo contendere with respect to a felony under the laws of the United States or any state thereof.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(G) An individual nominated or seated as a Trustee shall not be and shall not have been the subject of any of the ineligibility provisions contained in Section 9(b) of the 1940 Act that would permit, or could reasonably have been expected or would reasonably be expected to permit, the SEC by order to prohibit, conditionally or unconditionally, either permanently or for a period of time, such individual from serving or acting as an employee, officer, trustee, director, member of an advisory board, investment adviser or depositor of, or principal underwriter for, a registered investment company or affiliated person (as defined in Section 2(a)(3) of the 1940 Act) of such investment adviser, depositor, or principal underwriter.&#160;</p><font style='padding-left:4em'></font>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:0%;"><font style='padding-left:4em'></font>4.7<font style='padding-left:4em'></font><font style="font-family:'Times New Roman';"></font><font style="font-weight:bold;font-family:'Times New Roman';">Liability of Chairman and Lead Independent Trustee. </font><font style="font-family:'Times New Roman';"> A Trustee serving as Chairman or Lead Independent Trustee shall not be subject to any greater liability, nor subject to any higher standard or duty, than that to which he or she would be subject if not serving as such.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.8 <font style='padding-left:4em'></font><font style="font-weight:bold;font-family:'Times New Roman';">Election of Trustees</font><font style="font-family:'Times New Roman';">. Pursuant to Section 2 of Article 7 of the Declaration of the Trust, the affirmative vote of a majority of the Outstanding Securities entitled to vote shall elect a Trustee; provided, that if the Declaration of Trust or applicable law requires that a Trustee be elected by individual Series or Classes, then the affirmative vote of a majority of the Outstanding Securities entitled to vote of that Series or Class shall elect a Trustee.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br><br>C<font style="text-transform:uppercase;font-family:'Times New Roman';">ommittees</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Executive and Other Committees.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;The Trustees by vote of a majority of all the Trustees may elect from their own number an Executive Committee to consist of not less than two members to hold office at the pleasure of the Trustees, which shall have the power to conduct the current and ordinary business of the Trust while the Trustees are not in session, including the purchase and sale of securities and the designation of securities to be delivered upon redemption of Shares or Preferred Securities of the Trust or a Series thereof, and such other powers of the Trustees as the Trustees may delegate to them, from time to time, except those powers which by law, the Declaration of Trust or these By-Laws they are prohibited from delegating. The Trustees may also elect from their own number other committees from time to time; the number composing such committees, the powers conferred upon the same (subject to the same limitations as with respect to the Executive Committee) and the term of membership on such committees to be determined by the Trustees. The Trustees may designate a Chairman of any such committee. In the absence of such designation the committee may elect its own Chairman. In the absence or disqualification of a member of any committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not he, she or they constitute a quorum, may unanimously appoint another Trustee to act at the meeting in place of any such absent or disqualified member of such committee.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Quorum and Manner of Acting.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;A majority of the members of any committee of the Trustees shall constitute a quorum for the transaction of business, and any action of such a committee may be taken at a meeting by a majority of the members present (a quorum being present) or evidenced by one or more writings signed by a majority of the members of such Committee. Members of a committee may participate in a meeting of such committee by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other at the same time and participation by such means shall constitute presence in person at a meeting. Each committee designated by the Trustees may make, alter and repeal rules for the conduct of its business. In the absence of such rules each committee shall conduct its business in the same manner as the Trustees conduct their business pursuant to Article 4 of these By-Laws.&#160;&#160;</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Liability of Committee Chairman.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;A Trustee serving as a Chairman of any committee of the Trustees shall not be subject to any greater liability, nor subject to any higher standard or duty, than that to which he or she would be subject if not serving as Chairman of the committee.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br><br><font style="text-transform:uppercase;font-family:'Times New Roman';">Officers</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">General Provisions.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;The officers of the Trust shall be a President, a Treasurer and a Secretary, who shall be elected by the Trustees.&#160;&#160;The Trustees may elect such other officers or agents as the business of the Trust may require, including one or more Vice Presidents, one or more Assistant Secretaries, and one or more Assistant Treasurers.&#160;&#160;The Trustees may delegate to any officer or committee the power to appoint any subordinate officers or agents.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Election. <font style="font-weight:normal;font-family:'Times New Roman';"> The President, the Vice Presidents (if any), the Treasurer and the Secretary shall be elected annually by the Trustees.&#160;&#160;Other officers, if any, may be elected by the Trustees at such meeting or at any other time.&#160;&#160;Vacancies in any office may be filled at any time by the Trustees.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Tenure.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;Subject to Section 6.4, each officer shall hold office and each agent shall retain authority at the pleasure of the Trustees.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Removal.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;The Trustees, at any regular or special meeting of the Trustees, may remove any officer with or without cause, by a vote of a majority of the Trustees then in office.&#160;&#160;Any officer or agent appointed by an officer or committee may be removed with or without cause by such appointing officer or committee.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">President.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;Unless the Trustees otherwise provide, the President shall be the chief executive officer of the Trust and, subject to the direction of the Trustees, shall have general charge of the business affairs and property of the Trust and general supervision over its officers, employees and agents.&#160;&#160;Except as the Trustees may otherwise order, the President shall have the power to grant, issue, execute or sign such powers of attorney, proxies, agreements, certifications or other documents as he or she may deem advisable or necessary in the furtherance of the interests of the Trust or any Series or Class thereof.&#160;&#160;The President also shall have the power to employ attorneys, accountants and other advisers and agents for the Trust.&#160;&#160;The President shall exercise such other powers and perform such other duties as the Trustees may from time to time assign to the President.&#160;&#160;</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Vice Presidents.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;The Vice Presidents shall, in the absence or disability of the President, and in the order designated by the Trustees, perform the duties and exercise the powers of the President and, in addition, shall at all time perform such other duties and exercise such other powers as may be prescribed by the Trustees or the President, to whose supervision they shall be subject.&#160;&#160;Any Vice President of the Trust may be designated the chief financial officer of the Trust.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Chief Financial Officer.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;The Chief Financial Officer of the Trust shall have general charge of the finances of the Trust.&#160;&#160;The Chief Financial Officer shall make annual reports regarding the business and financial condition of the Trust as soon as possible after the close of the Trust&#8217;s fiscal year and shall furnish such other reports concerning the business and financial condition of the Trust as the Trustees may from time to time require.&#160;&#160;The Chief Financial Officer shall perform all acts incidental to the office of Chief Financial Officer, subject to the supervision of the Trustees, and shall perform such additional duties as the Trustees or the Chairman may from time to time designate.&#160;&#160;The Chief Financial Officer shall be responsible to and shall report to the Trustees.&#160;&#160;In the absence of the Chief Financial Officer, the Treasurer may perform all duties of the Chief Financial Officer.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Treasurer. <font style="font-weight:normal;font-family:'Times New Roman';"> The Treasurer shall, subject to the provisions of the Declaration of Trust and to any arrangement made by the Trustees with any custodian, investment adviser, or transfer, accounting or Shareholder servicing or similar agent, be the chief accounting officer and be in charge of the valuable papers, books of account and accounting records of the Trust and shall have such other duties and powers as may be designated from time to time by the Trustees or by the President.&#160;&#160;The Treasurer may be designated the chief financial officer of the Trust.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Secretary.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;The Secretary shall, if and to the extent requested by the Trustees and/or shareholders, attend all meetings of the Trustees, any committee of the Trustees and the Shareholders and record all the proceedings of such meetings in a book to be kept for that purpose.&#160;&#160;In accordance with Section 3.4 hereof, he or she shall give, or cause to be given, notice of all meetings of the Trustees and meetings of the Shareholders, and shall perform such other duties as may be prescribed by the Trustees or President, to whose supervision he or she shall be subject.&#160;&#160;The Secretary shall keep in safe custody the seal of the Trust and, when authorized by the Trustee, affix the same to any instrument requiring it, which seal when so affixed may be attested by his or her signature or by the signature of the Treasurer or an Assistant Secretary.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Assistant Treasurers.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;In the absence or disability of the Treasurer, any Assistant Treasurer designated by the Trustees shall perform all the duties, and may exercise any of the powers, of the Treasurer.&#160;&#160;Each Assistant Treasurer shall perform such other duties as from time to time may be assigned to such Assistant Treasurer by the Trustees.&#160;&#160;Each Assistant Treasurer performing the duties and exercising the powers of the Treasurer, if any, shall give a bond for the faithful discharge of his or her duties, if required so to do by the Trustees, in such sum and with such surety or sureties as the Trustees shall require.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Assistant Secretaries.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;In the absence or disability of the Secretary, any Assistant Secretary designated by the Trustees shall perform all the duties, and may exercise any of the powers, of the Secretary.&#160;&#160;Each Assistant Secretary shall perform such other duties as from time to time may be assigned to such officer by the Trustees.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Compensation of Officers and Trustees and Members of the Advisory Board.<font style="font-weight:normal;font-family:'Times New Roman';">&#160;&#160;Subject to any applicable provisions of the Declaration of Trust, the compensation of the officers and Trustees and members of any advisory board shall be fixed from time to time by the Trustees or, in the case of officers, by any committee or officer upon whom such power may be conferred by the Trustees.&#160;&#160;No officer shall be prevented from receiving such compensation as such officer by reason of the fact that the officer is also a Trustee.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Power to Vote Securities.&#160;&#160;<font style="font-weight:normal;font-family:'Times New Roman';">Unless otherwise ordered by the Trustees, the Chief Financial Officer and/or the Treasurer shall have full power and authority on behalf of the Trust to give proxies for, and/or to attend and to act and to vote at, any meeting of stockholders of any corporation in which the Trust may hold stock, and at any such meeting the Treasurer or his or her proxy shall possess and may exercise any and all rights and powers incident to the ownership of such stock which, as the owner thereof, the Trust might have possessed and exercised if present.&#160;&#160;The Trustees, by resolution from time to time, or, in the absence thereof, the Treasurer, may confer like powers upon any other person or persons as attorneys and proxies of the Trust</font><font style="font-family:'Times New Roman';">.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br><br><font style="text-transform:uppercase;font-family:'Times New Roman';">Fiscal Year</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The fiscal year of the Trust shall end on such date as the Trustees shall from time to time determine.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br><br><font style="text-transform:uppercase;font-family:'Times New Roman';">Seal</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Trustees may, but shall not be required to, adopt a seal which shall be in such form and shall have such inscription thereon as the Trustees may from time to time prescribe.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br><br><font style="text-transform:uppercase;font-family:'Times New Roman';">Sufficiency and Waivers of Notice</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Whenever any notice whatever is required to be given by law, the Declaration of Trust or these By-Laws, a waiver thereof in writing, signed by the person or persons entitled to said notice, whether before or after the time stated therein, shall be deemed equivalent thereto.&#160;&#160;A notice shall be deemed to have been sent by mail, telegraph or cable when it has been delivered to a representative of any company holding itself out as capable of sending notice by such means with instructions that it be so sent, or at the time of confirmation if sent by wireless, facsimile or other electronic means, and notice by a document publicly filed with the SEC shall be deemed given at the time the Trust files such document.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br><br>C<font style="text-transform:uppercase;font-family:'Times New Roman';">ertificates</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If so determined by resolution of the Board of Trustees, each Shareholder of the Trust shall be entitled upon request to have a certificate or certificates, in such form as shall be approved by the Board of Trustees, representing the number of Shares or Preferred Securities of the Trust owned by the Shareholder, provided, however, that certificates for fractional shares will not be delivered in any case. Certificates representing Shares or Preferred Securities shall be signed by or in the name of the Trust by any two authorized officers of the Trust (it being understood that each of the President or a Vice President, the Chairman, the Secretary or an Assistant Secretary, or the Treasurer or an Assistant Treasurer, shall be an authorized officer for such purpose). Any or all of the signatures may be a facsimile. In case any officer, transfer agent or registrar who has signed or whose facsimile signature has been placed upon a certificate shall have ceased to be such officer, transfer agent or registrar before such certificate shall be issued, it may be issued by the Trust with the same effect as if such officer, transfer agent or registrar were still in the office at the date of issue.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br><br>A<font style="text-transform:uppercase;font-family:'Times New Roman';">mendment</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">These By-Laws, or any of them, may be altered, amended or repealed, or new By-Laws may be adopted by the Trustees, provided, however, that no By-law may be amended, adopted or repealed by the Trustees if such amendment, adoption or repeal requires, pursuant to law, the Declaration of Trust or these By-Laws, a vote of the Shareholders.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">ARTICLE 12&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-weight:bold;font-size:12pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">Forum for Adjudication of Disputes&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Unless the Trust consents in writing to the selection of an alternative forum, the sole and exclusive forum for (i) any derivative action or proceeding brought on behalf of the Trust, (ii) any action asserting a claim of breach of a fiduciary duty owed by any Trustee, officer or other employee of the Trust to the Trust or the Trust&#8217;s Shareholders, (iii) any action asserting a claim arising pursuant to any provision of the Delaware Statutory Trust Act or the Declaration of Trust or these By-Laws, (iv) any action to interpret, apply, enforce or determine the validity of the Declaration of Trust or these By-Laws or (v) any action asserting a claim governed by the internal affairs doctrine shall be the Court of Chancery of the State of Delaware, or, if the Court of Chancery of the State of Delaware does not have jurisdiction, the Superior Court of the State of Delaware (each, a &#8220;Covered Action&#8221;).&#160;&#160;Any person purchasing or otherwise acquiring or holding any interest in shares of beneficial interest of the Trust shall be (i) deemed to have notice of and consented to the provisions of this Article 12, and (ii) deemed to have waived any argument relating to the inconvenience of the forums referenced above in connection with any action or proceeding described in this Article 12.&#160;&#160;&#160;</p><font style='padding-left:4em'></font>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:0%;"><font style='padding-left:4em'></font>&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If any Covered Action is filed in a court other than the Court of Chancery of the State of Delaware or the Superior Court of the State of Delaware (a &#8220;Foreign Action&#8221;) in the name of any Shareholder, such Shareholder shall be deemed to have consented to (i) the personal jurisdiction of the Court of Chancery of the State of Delaware and the Superior Court of the State of Delaware in connection with any action brought in any such courts to enforce the first paragraph of this Article 12 (an &#8220;Enforcement Action&#8221;) and (ii) having service of process made upon such Shareholder in any such Enforcement Action by service upon such Shareholder&#8217;s counsel in the Foreign Action as agent for such Shareholder.&#160;&#160;Furthermore, except to the extent prohibited by any provision of the Delaware Statutory Trust Act or the Declaration of Trust, if any Shareholder shall initiate or assert a Foreign Action without the written consent of the Trust, then each such Shareholder shall be obligated jointly and severally to reimburse the Trust and any officer or Trustee of the Trust made a party to such proceeding for all fees, costs and expenses of every kind and description (including, but not limited to, all reasonable attorneys&#8217; fees and other litigation expenses) that the parties may incur in connection with any successful motion to dismiss, stay or transfer such Foreign Action based upon non-compliance with this Article 12.&#160;</p><font style='padding-left:4em'></font>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:0%;"><font style='padding-left:4em'></font>&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If any provision or provisions of this Article 12 shall be held to be invalid, illegal or unenforceable as applied to any person or circumstance for any reason whatsoever, then, to the fullest extent permitted by law, the validity, legality and enforceability of such provision(s) in any other circumstance and of the remaining provisions of this Article 12 (including, without limitation, each portion of any sentence of this Article 12 containing any such provision held to be invalid, illegal or unenforceable that is not itself held to be invalid, illegal or unenforceable) and the application of such provision to other persons and circumstances shall not in any way be affected or impaired thereby.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">END OF BY-LAWS&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&#160;&#160;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:'';font-size:11pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;font-size:8pt;font-family:'Times New Roman';"></font><font style="font-family:'Times New Roman';"></font>&#160;</p></body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>INST DEFINING RIGHTS
<SEQUENCE>4
<FILENAME>chi_g1bii.htm
<DESCRIPTION>CHI G.1.B.II
<TEXT>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%; color:#000000;font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Effective August 23, 2021, the Board of Trustees of Calamos Convertible Opportunities and Income Fund (the "Trust") amended and restated in the entirety the Trust&#8217;s Declaration of Trust (the "Amended and Restated Declaration of Trust") and the Trust&#8217;s By-Laws (the "Amended and Restated Bylaws"). The Amended and Restated Declaration of Trust and the Amended and Restated Bylaws clarify certain provisions relating to preferred securities.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%; color:#000000;font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The foregoing description of the Amended and Restated Declaration of Trust and the Amended and Restated Bylaws does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended and Restated Declaration of Trust and the Amended and Restated Bylaws, which are attached in response to Item G.1.b.i, and are incorporated herein by reference.&#160;</p></body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>MATERIAL AMENDMENTS
<SEQUENCE>5
<FILENAME>chi_dot82321.htm
<DESCRIPTION>CHI DECLARATION OF TRUST 082321
<TEXT>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman; font-size:8.5pt;font-family:'Arial';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;"><a name="CHI_Third_A&R_Agreement_and_Declaration_"></a>CALAMOS<font style="letter-spacing:1.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">CONVERTIBLE</font><font style="letter-spacing:1.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">OPPORTUNITIES</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">AND</font><font style="letter-spacing:1.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">INCOME</font><font style="letter-spacing:1.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">FUND</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">THIRD<font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">AMENDED</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">AND</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">RESTATED</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">AGREEMENT</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">AND</font><font style="letter-spacing:0.9pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">DECLARATION</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">OF</font><font style="letter-spacing:0.9pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">TRUST</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This<font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">THIRD</font><font style="letter-spacing:0.9pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">AMENDED</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">AND</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">RESTATED</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">AGREEMENT</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">AND</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">DECLARATION</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">OF</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">TRUST</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">is<font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">made</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">August</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">23,</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">2021,</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereunder;</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS,<font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">has</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">been</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">formed</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Delaware</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Act</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">upon</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">filing</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Certificate</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Office</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Secretary</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">State</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">State</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Delaware;</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Trustees amended and restated the Trust&#8217;s original declaration of trust in its<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">entirety</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">September</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">13,</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">2006</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Amended</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Restated</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Agreement</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust;</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Trustees further amended and restated the Trust&#8217;s Amended and Restated<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Agreement and Declaration of Trust in its entirety on January 12, 2021 as the Second Amended and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Restated</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Agreement</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust;</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, pursuant to their authority to amend or supplement the Trust&#8217;s declaration of trust as<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">they</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">deem</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">necessary</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">appropriate</font><font 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</font><font style="font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">V,</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">7</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof,</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New 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</font><font style="font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">its</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entirety</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">set</font><font 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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, the Trustees declare that all money and property contributed to the Trust<font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall be held and managed IN TRUST pursuant to this Third Amended and Restated Agreement and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">ARTICLE<font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">I</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">NAME<font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">AND</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">DEFINITIONS</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 1. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Name</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The name of the Trust is &#8220;Calamos Convertible Opportunities and Income</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Fund&#8221; and the Trustees shall conduct the business of the Trust under that name or any other name or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">names</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">they</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">determine.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Definitions</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">In addition to terms defined in other sections hereof, unless otherwise</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">required</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">context,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">following</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">terms</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">following</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">meanings:</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Administrator&#8221; means the party, other than the Trust, to the contract described<font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">III,</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section 3</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereof.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;By-Laws&#8221;<font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">By-Laws</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adopted</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amended</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">from time to time, which By-Laws are</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">expressly herein incorporated by reference as part of the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">&#8220;governing</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">instrument&#8221;</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">within</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meaning</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Delaware</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Act.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Class&#8221;<font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">class</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(as</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">term</font><font style="letter-spacing:0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">used</font><font style="letter-spacing:-2.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in Article II, Section 2(p)) or any class of other equity securities (including without limitation Preferred</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities) of the Trust or any Series (as such term is used in Article II, Section 2(p)) established and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">designated</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">accordance</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provisions</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">V.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Commission,&#8221;<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">&#8220;Interested</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Person&#8221;</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">&#8220;Principal</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Underwriter&#8221;</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">have</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meanings provided in the 1940 Act.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Except as such term may be otherwise defined by the Trustees in</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">conjunction</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">establishment</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">term</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">&#8220;vote</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of a</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority of the shares outstanding and entitled</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to vote&#8221; shall</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">have the same meaning as</font><font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is assigned to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">term</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">&#8220;vote</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">outstanding</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">voting</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">securities&#8221;</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">1940</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Act.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Continuing Trustee&#8221; means a Trustee who either (a) has been a member of the<font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Board of Trustees for a period of at least thirty-six months (or since the commencement of the Trust&#8217;s</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">operations, if less than thirty-six months) or (b) was nominated to serve as a member of the Board of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">designated</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Continuing</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustee,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Continuing</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">then</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">members</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Board</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Covered<font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Person&#8221;</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">person</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">so</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">defined</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">IV,</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">3.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Custodian&#8221;<font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Person</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">than</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">who</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">has</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">custody</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Property as required by Section 17(f) of the 1940 Act, but does not include a system for the central</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">handling</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">described</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">said</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">17(f).</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Declaration&#8221; and &#8220;Declaration of Trust&#8221; shall mean this Third Amended and<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Restated Agreement and Declaration of Trust, as amended or restated or supplemented from time to time,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">including by any Securities Designation.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Reference in this Declaration of Trust to &#8220;Declaration,&#8221;</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">&#8220;Declaration of Trust,&#8221; &#8220;hereof,&#8221; &#8220;herein,&#8221; and &#8220;hereunder&#8221; shall be deemed to refer to this Declaration</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">rather</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">than</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exclusively</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">article&#160;</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">section</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">words</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">appear.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Delaware Act&#8221; means the Delaware Statutory Trust Act, 12 <font style="text-decoration:underline;font-family:'Times New Roman';">Del</font><font style="font-family:'Times New Roman';">. </font><font style="text-decoration:underline;font-family:'Times New Roman';">C</font><font style="font-family:'Times New Roman';">. &#167;&#167;3801, et</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">seq.,</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amended</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">time.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Distributor&#8221;<font style="letter-spacing:1.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:1.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:1.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">party</font><font style="letter-spacing:1.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:1.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">parties,</font><font style="letter-spacing:1.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:1.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">than</font><font style="letter-spacing:1.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:1.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:1.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:1.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:1.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">contract</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">described</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">III,</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">1</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereof.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;His&#8221;<font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">include</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">feminine</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">neuter,</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">well</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">masculine,</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">genders.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Investment Adviser&#8221; means the party, other than the Trust, to the contract<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">described</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">III,</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">2</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereof.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Net<font style="letter-spacing:2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Asset</font><font style="letter-spacing:2.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Value&#8221;</font><font style="letter-spacing:2.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:2.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">net</font><font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">asset</font><font style="letter-spacing:2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">value</font><font style="letter-spacing:2.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:2.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each</font><font style="letter-spacing:2.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:2.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:2.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">determined</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">VI,</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">3.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Outstanding<font style="letter-spacing:1.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities&#8221;</font><font style="letter-spacing:1.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means,</font><font style="letter-spacing:1.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">collectively,</font><font style="letter-spacing:1.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(i)</font><font style="letter-spacing:1.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Outstanding</font><font style="letter-spacing:1.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:1.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:1.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(ii)</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">outstanding</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">issued</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">pursuant</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">7</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">V</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereunder</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p><p style="page-break-before:always;"></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(solely to the extent the holders of such Preferred Securities or other securities are provided the right to<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">consent</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on matters</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">submitted</font><font 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</font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">books</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or its transfer agent as then issued and outstanding, but in each case does not include any Shares,</font><font style="letter-spacing:0.05pt;font-family:'Times 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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Outstanding Shares&#8221; means Shares shown in the books of the Trust or its<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">transfer agent as then issued and outstanding, but does not include Shares which have been repurchased or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">redeemed</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">held</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">treasury</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Person&#8221;<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">includes</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">individuals, corporations,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">partnerships,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trusts,</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">associations,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">joint</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">ventures,</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">estates</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entities,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">whether</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">legal</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entities,</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">governments</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agencies</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">political</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">subdivisions,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">whether</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">domestic</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">foreign.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Preferred<font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Holders&#8221;</font><font style="letter-spacing:0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">record</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">owners</font><font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">outstanding</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Preferred Securities&#8221; means preferred securities issued on or after the date<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">hereof</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">V,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">7</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereof</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">solely</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">extent</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Designation</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provides</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">preferred</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">&#8220;Preferred</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities&#8221;</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereunder.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Securities<font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Act&#8221;</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Act</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">1933,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amended.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Securities<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Designation&#8221;</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">instrument,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">designation,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">supplement,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">statement of preferences or other document pursuant to which securities contemplated by Article V,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">7</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereof</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">issued,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Designation</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adopted</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">after</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereof</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">part</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of the &#8220;governing instrument&#8221; 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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Series&#8221; means a<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">series of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares and/or other equity securities (including</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">without limitation Preferred Securities) established and designated under or in accordance with the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provisions of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article V,&#160;</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which shall be</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">accounted for and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">maintained as</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">separate series or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">portfolio</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Shareholder&#8221;<font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">record</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">owner</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Outstanding</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities;</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Shares&#8221;<font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">equal</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proportionate</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">transferable</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">units</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">interest</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">into</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which,</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">together with other equity securities of the Trust, the beneficial interest of each Series and Class, as</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">applicable, of the Trust is divided from time to time (including whole Shares and fractions of Shares).</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">For the avoidance of doubt, as set forth in Article V, Section 7, the Trustees may authorize and issue</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">beneficial</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">interest</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Transfer Agent&#8221; means any Person other than the Trust who maintains the<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">records</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">pertaining</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">issued</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust,</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">such<font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">lists</font><font style="letter-spacing:0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Holders,</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">number</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shares</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">credited</font><font style="letter-spacing:0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">account,</font><font style="letter-spacing:-2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">like.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Trust&#8221;<font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Calamos</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Convertible</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Opportunities</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Income</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Fund</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">established</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereby,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">reference</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">when</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">applicable</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series,</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">refers</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Trustee&#8221;<font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">person</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">who</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">has</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font 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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(aa)<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">&#8220;Trust</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Property&#8221;</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">means any</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">property,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">real</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">personal,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">tangible</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">intangible, which is from time to time owned or held by or for the account of the Trust or any Series or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the Trustees on behalf of the Trust or any Series, each and every asset of which shall be allocated and</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">belong</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">specific</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">series</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">exclusion</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">series.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(bb)<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The &#8220;1940 Act&#8221; means the Investment Company Act of 1940, as amended from</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time to time, including the rules and regulations of the Commission thereunder and any order or orders</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereunder</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">applicable</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">ARTICLE II<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">THE</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">TRUSTEES</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">1.</font><font style="letter-spacing:2pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Management</font><font style="text-decoration:underline;letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">of</font><font style="text-decoration:underline;letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">the</font><font style="text-decoration:underline;letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:1.9pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">business</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">affairs</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">managed</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">or under the direction of the Trustees, and they shall have all powers necessary or desirable to carry out<font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that responsibility. The Trustees may execute all instruments and take all action they deem necessary or</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">desirable</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">promote</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">interests</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust.</font><font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Any</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">determination</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">made</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the Trustees</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">good</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">faith</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to what is in the interests of the Trust shall be conclusive.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">In construing the provisions of this</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">presumption</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">favor</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">grant</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">power</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">2.</font><font style="letter-spacing:2pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Powers</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:1.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">instances</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">act</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">principals,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">free</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">control</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders. The Trustees shall have full power and authority to take or refrain from taking any action</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and to execute any contracts and instruments that they may consider necessary or desirable in the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">management of the Trust.&#160;&#160; The Trustees shall not in any way be bound or limited by current or future laws</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">customs applicable to trust</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">investments,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">but shall have full</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">power and authority to</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">make</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">investments which they, in their sole discretion, deem proper to accomplish the purposes of the Trust.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees may exercise all of their powers without recourse to any court or other authority.</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Subject to</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any applicable limitation in the Declaration or in the By-Laws or resolutions of the Trust, the Trustees</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">power</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">authority,</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">without</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">limitation:</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To<font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">operate</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">carry</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">business</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">investment</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">company,</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exercise</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">powers</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">necessary</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">appropriate</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">conduct</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">operations.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To invest in, hold for investment, or reinvest in, cash; securities of any type,<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">including, but not limited to, common, preferred and preference stocks; warrants; subscription rights;</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">profit-sharing</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">interests</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">participations</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">contracts</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">evidence</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">equity</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">interests;</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">bonds,</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">debentures, bills, time notes and all other evidences of indebtedness; negotiable or non-negotiable</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">instruments; government securities, including securities of any state, municipality or other political</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">subdivision thereof, or any governmental or quasi-governmental agency or instrumentality; and money</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">market instruments including bank certificates of deposit, finance paper, commercial paper, bankers&#8217;</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">acceptances</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:1.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">kinds</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:1.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">repurchase</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agreements,</font><font style="letter-spacing:1.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:1.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">corporation,</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">company,</font><font style="letter-spacing:1.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trust,</font><font style="letter-spacing:1.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">association,</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">firm</font><font style="letter-spacing:-2.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or other business organization however established, and of any country, state, municipality or other</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">political</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">subdivision,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">governmental</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">quasi-governmental</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agency</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">instrumentality;</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">security,</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">property</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New 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Roman';"> </font><font style="font-family:'Times New Roman';">its</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">authorized</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">invest.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To<font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">acquire</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(by</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">purchase,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">subscription</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">otherwise),</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hold,</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trade</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">deal</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in, to acquire any rights or options to purchase or sell, to sell or otherwise dispose of, to lend and to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">pledge any such securities, to enter into repurchase agreements, reverse repurchase agreements, firm</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">commitment agreements, forward foreign currency exchange contracts, interest rate mortgage or currency</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">swaps and interest rate caps, floors and collars, to purchase and sell options on securities, securities</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">indices, currency, swaps and other financial assets, futures contracts and options on futures contracts of</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">descriptions and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">engage</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">types</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hedging,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">risk-management</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">income</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">enhancement</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">transactions.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To exercise all rights, powers and privileges of ownership or interest in all<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">securities, repurchase agreements and other assets included in the Trust Property, including the right to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote thereon and otherwise act with respect thereto and to do all acts for the preservation, protection,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">improvement</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">enhancement</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">value</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">securities,</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">repurchase</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agreements</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">acquire</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(by purchase,</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">lease or otherwise)</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hold, use,</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">maintain,</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">develop</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and dispose of (by sale or otherwise) any property, real or personal, including cash or foreign currency,</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">interest</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">therein.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To borrow money or other property in the name of the Trust exclusively for Trust<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">purposes and in this connection issue notes or other evidence of indebtedness; to secure borrowings by</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">mortgaging, pledging or otherwise subjecting as security the Trust Property; and to endorse, guarantee, or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">undertake the performance of any obligation or engagement of any other Person and to lend Trust</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Property.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:5.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To aid by further investment any corporation, company, trust, association or firm,<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any obligation of or interest in which is included in the Trust Property or in the affairs of which the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees have any direct or indirect interest; to do all acts and things designed to protect, preserve,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">improve</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">enhance</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">value</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">obligation</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">interest;</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">guarantee</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">become</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">surety</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all of the contracts, stocks, bonds, notes, debentures and other obligations of any such corporation,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">company,</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trust,</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">association</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">firm.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To adopt By-Laws not inconsistent with this Declaration providing for the<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">conduct</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">business</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amend</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">repeal</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">them</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">extent</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">right</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">reserved</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To<font style="letter-spacing:2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">elect</font><font style="letter-spacing:2.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:2.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">remove</font><font style="letter-spacing:2.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">without</font><font style="letter-spacing:2.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">cause</font><font style="letter-spacing:2.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:2.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">officers</font><font style="letter-spacing:2.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:2.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">appoint</font><font style="letter-spacing:2.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">terminate</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agents</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">they</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">deem</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">appropriate.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To employ as custodian of any assets of the Trust, subject to any provisions<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">herein or in the By-Laws, one or more banks, trust companies or companies that are members of a</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">national</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exchange,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entities</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">permitted</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Commission</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">serve</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To<font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">retain</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">one</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">more</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">transfer</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agents</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shareholder</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">servicing</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agents,</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">both.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To<font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provide</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">distribution</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">securities</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">issued by the Trust either through a Principal Underwriter as provided herein or by the Trust itself, or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">both,</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">pursuant</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">distribution</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">plan</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">kind.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To<font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">set</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">record</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">dates</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">manner</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">herein</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">By-Laws.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To<font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">delegate</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">authority</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">they</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">consider</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">desirable</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">officers</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agent,</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">independent</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">contractor,</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">manager,</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">investment</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adviser,</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">custodian</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">underwriter.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To hold any security or other property (i) in a form not indicating any trust,<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">whether in bearer, book entry, unregistered or other negotiable form, or (ii) either in the Trust&#8217;s or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees&#8217; own name or in the name of a custodian or a nominee or nominees, subject to safeguards</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">according</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">usual</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">practice</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">statutory</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trusts</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">investment</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">companies.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To establish separate and distinct Series with separately defined investment<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">objectives and policies and distinct investment purposes, and with separate Shares, Preferred Securities or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other securities issued in accordance herewith representing beneficial interests in such Series, and to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">establish</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">separate</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Classes,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">accordance</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provisions</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">V.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To the full extent permitted by Section 3804 of the Delaware Act, to allocate<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets, liabilities and expenses of the Trust to a particular Series and assets, liabilities and expenses to a</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">particular</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">apportion</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">same</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">between</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">among</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">two</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Classes,</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">liabilities</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">expenses</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">incurred</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">particular</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">payable</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">solely</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">out</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">belonging</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">V,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">4.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To consent to or participate in any plan for the reorganization, consolidation or<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">merger of any corporation or concern whose securities are held by the Trust; to consent to any contract,</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">lease, mortgage, purchase, or sale of property by such corporation or concern; and to pay calls or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">subscriptions</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">security</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">held</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To<font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">compromise,</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">arbitrate,</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">otherwise</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adjust</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">claims</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">favor</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">against</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">matter</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">controversy</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">including,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">but</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">limited</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">claims</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">taxes.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p><p style="page-break-before:always;"></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To make distributions of income, capital gains, returns of capital (if any) and<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">redemption</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proceeds</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">manner</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To<font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">establish</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">committees</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">purposes,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">membership,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">responsibilities</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">consider</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proper,</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">including</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> 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in office, which may act for and bind the Trustees and the Trust with respect to the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">institution, prosecution, dismissal, settlement, review or investigation of any action, suit or proceeding,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">pending</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">threatened</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font 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</font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adjudicatory</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">body.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To issue, sell, repurchase, redeem, cancel, retire, acquire, hold, resell, reissue,<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">dispose of and otherwise deal in Shares, Preferred Securities and other securities issued by the Trust; to</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">establish</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">terms</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">conditions</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">regarding</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">issuance,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">sale,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">repurchase,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">redemption,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New 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style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Articles&#160;</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">V</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">VI,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">apply</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font 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style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">particular</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares,</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font 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style="font-family:'Times New Roman';">issued.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To invest part or all of the Trust Property (or part or all of the assets of any<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series), or to dispose of part or all of the Trust Property (or part or all of the assets of any Series) and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">invest the proceeds of such disposition, in securities issued by one or more other investment companies</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">registered under the 1940 Act (including investment by means of transfer of part or all of the Trust</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">Property</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">exchange</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">interest</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">interest</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">investment</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">companies)</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">without</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">requirement</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">approval</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders.</font><font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Any</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">investment</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">company</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New 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style="font-family:'Times New Roman';">purposes.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:5.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To<font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">sell</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exchange</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">subject</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">IX,</font><font style="letter-spacing:-2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Sections</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">4,</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">6</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">7.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To<font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">enter </font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">into&#160;&#160;joint </font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">ventures, </font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">partnerships</font><font style="letter-spacing:2.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and </font><font style="letter-spacing:0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any </font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other </font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">combinations </font><font style="letter-spacing:0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">associations.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To<font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">join</font><font style="letter-spacing:0.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">security</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">holders</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:0.9pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">acting</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">through</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">committee,</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">depositary,</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">voting trustee or otherwise, and in that connection to deposit any security with, or transfer any security to,<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">committee,</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">depositary</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trustee,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">delegate</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">them</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">power</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">authority</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">relation</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">security</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(whether</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">so</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">deposited</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">transferred)</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">deem</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proper,</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agree</font><font style="letter-spacing:-2.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to pay, and to pay, such portion of the expenses and compensation of such Committee, depositary or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trustee</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New 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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(aa)<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">To purchase and pay for entirely out of Trust Property such insurance as the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees may deem necessary or appropriate for the conduct of the business, including, without limitation,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">insurance policies insuring the assets of the Trust or payment of distributions and principal on its portfolio</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">investments, and, subject to applicable law and any restrictions set forth in the By-Laws, insurance</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">policies insuring the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders,</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">officers,</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">employees,</font><font style="letter-spacing:0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agents,</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">investment</font><font style="letter-spacing:0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">advisers,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Principal</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p><p style="page-break-before:always;"></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Underwriters, or independent contractors of the Trust, individually, against all claims and liabilities of<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">every nature arising by reason of holding Shares, Preferred Securities and other securities issued by the</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust, holding, being or having held any such office or position, or by reason of any action alleged to have</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">been taken or omitted by any such Person as Trustee, beneficial owner, officer, employee, agent,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">investment adviser, Principal Underwriter, or independent contractor, including any action taken or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">omitted</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">determined</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">constitute</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">negligence,</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">whether</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">would</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">power</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">indemnify</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Person</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">against</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">liability.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(bb)<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">To adopt, establish and carry out pension, profit-sharing, share bonus, share</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">purchase, savings, thrift and other retirement, incentive and benefit plans and trusts, including the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">purchasing of life insurance and annuity contracts as a means of providing such retirement and other</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">benefits,</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">officers,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">employees</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agents</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(cc) <font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">To vote or give assent, or exercise any rights of ownership, with respect to stock</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">property;</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">execute</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">deliver</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">proxies</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">powers</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">attorneys</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Person</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Persons</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">deem</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">proper,</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">granting</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Person</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Persons</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">power</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">discretion</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">relation</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">property</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">deem</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">proper.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(dd)<font style='padding-left:4em'></font><font style="font-size:10pt;font-family:'Times New Roman';">To</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">enter</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">into</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contracts</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">kind</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">description.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(ee)<font style='padding-left:4em'></font><font style="font-size:10pt;font-family:'Times New Roman';">To</font><font style="letter-spacing:1.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">interpret</font><font style="letter-spacing:1.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:1.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">investment</font><font style="letter-spacing:1.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">policies,</font><font style="letter-spacing:1.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">practices</font><font style="letter-spacing:1.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:1.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">limitations</font><font style="letter-spacing:1.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:1.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:1.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:1.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Class.&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(ff)<font style='padding-left:4em'></font><font style="font-size:10pt;font-family:'Times New Roman';">To</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">guarantee</font><font style="letter-spacing:0.75pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">indebtedness</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:0.75pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contractual</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">obligations</font><font style="letter-spacing:0.75pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">others.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(gg)<font style='padding-left:4em'></font><font style="font-size:10pt;font-family:'Times New Roman';">To</font><font style="letter-spacing:1.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">carry</font><font style="letter-spacing:0.9pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">on</font><font style="letter-spacing:1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:1.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">business</font><font style="letter-spacing:0.95pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:1.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">connection</font><font style="letter-spacing:0.85pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">incidental</font><font style="letter-spacing:0.95pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:1.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:0.85pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:1.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">foregoing<font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">powers,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">do</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">everything</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">necessary</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">desirable</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">accomplish</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">purpose</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">further</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the foregoing powers, and to take every other action incidental to the foregoing business or purposes,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">objects</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">powers.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The clauses above shall be construed as objects and powers, and the enumeration of specific<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">powers shall not limit in any way the general powers of the Trustees.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Any action by one or more of the</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees in their capacity as such hereunder shall be deemed an action on behalf of the Trust or the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">applicable Series, and not an action in an individual capacity. No one dealing with the Trustees shall be</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">under any obligation to make any inquiry concerning the authority of the Trustees, or to see to the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">application of any payments made or property transferred to the Trustees or upon their order.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">In</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">construing</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">presumption</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">favor</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">grant</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">power</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 3. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Certain Transactions</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Except as prohibited by applicable law, the Trustees may, on</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">behalf</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">buy</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">sell</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">lend</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustee or officer of the Trust or any firm of which any such Trustee or officer is a member acting as</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">principal, or have any such dealings with any investment adviser, administrator, distributor or transfer</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agent</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Interested</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Person</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">person.</font><font style="letter-spacing:2.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">employ</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">person</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">entity</font><font style="letter-spacing:0.9pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:1.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">which</font><font style="letter-spacing:0.95pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:0.9pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">person</font><font style="letter-spacing:0.85pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">is</font><font style="letter-spacing:1.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">an</font><font style="letter-spacing:1.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Interested</font><font style="letter-spacing:0.9pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Person,</font><font style="letter-spacing:0.85pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">broker,</font><font style="letter-spacing:1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">legal</font><font style="letter-spacing:0.9pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">counsel,</font><font style="letter-spacing:1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">registrar,</font><font style="letter-spacing:0.9pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">investment</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">adviser,<font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">administrator,</font><font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">distributor,</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">transfer</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agent,</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">dividend</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">disbursing</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agent,</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">custodian</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">capacity</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">upon</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">customary</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">terms.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Election and Number of Trustees</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees shall be the persons serving as</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees on the date hereof and all other persons who at the time in question have been duly elected or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">appointed</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">qualified</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">accordance</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provisions</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hereof</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">then</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">office.</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The number of Trustees shall be fixed from time to time by a majority of the Trustees then in office;</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provided,</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">there</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">least</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">(1)</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">no</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">than</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">fifteen</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">(15).</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">5.</font><font style="letter-spacing:1.3pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Term</font><font style="text-decoration:underline;letter-spacing:0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">of</font><font style="text-decoration:underline;letter-spacing:0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Office</font><font style="text-decoration:underline;letter-spacing:0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">of</font><font style="text-decoration:underline;letter-spacing:0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Trustees;</font><font style="text-decoration:underline;letter-spacing:0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Classes</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Subject to the voting rights established with respect to a particular Series or<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class, each Trustee shall hold office for life or until his successor is elected and duly qualified or the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">terminates.</font><font style="letter-spacing:2.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Notwithstanding</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">foregoing</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">but</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">subject</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">voting</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">rights</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">established</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to a particular Series or Class, (1) any Trustee may resign by delivering to the other Trustees or to any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust officer a written resignation effective upon such delivery or a later date specified therein; (2) any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">removed</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">without</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">cause</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">written</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">instrument</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">signed</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">least</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">two-</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thirds of the then Trustees, specifying the effective date of removal; (3) any Trustee who requests to be</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">retired, or who is declared bankrupt or has become physically or mentally incapacitated or is otherwise</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">unable to serve, may be retired by a written instrument signed by a majority of the other Trustees,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">specifying the effective date of retirement; and (4) any Trustee may be removed, with or without cause,</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a vote</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">least</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of the</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">then</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">if</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">removal</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">approved</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">holders of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">least</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">two-thirds of the Outstanding Shares and the holders of at least two-thirds of the outstanding Preferred</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">case</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">election</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">present</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">person</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or by proxy at a meeting of the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders called for such purpose, voting as separate classes and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">voting</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">together</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">single</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">class.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Board of Trustees shall be divided into three classes, designated Class I,<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class II and Class III.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Each class shall consist, as nearly as may be possible, of one-third of the total</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">number of trustees constituting the entire Board of Trustees.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Within the limits above specified, the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">number</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">class</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">determined</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">resolution</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Board</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees.</font><font style="letter-spacing:1.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">term</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of office of the 1st class shall expire on the date of the 1st annual meeting of Shareholders or special</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting in lieu thereof following the effective date of the Registration Statement relating to the Shares</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Act.</font><font style="letter-spacing:2.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">term</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">2nd</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">class</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">expire</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">2nd</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">annual</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">special</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">lieu</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">following</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">effective</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Registration</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Statement</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">relating to the Shares under the Securities Act.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The term of the 3rd class shall expire on the date of the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">3rd annual</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of Shareholders</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">special</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">lieu</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">following</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">effective</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">date</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Registration Statement relating to the Shares under the Securities Act.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Upon expiration of the term of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">office of each class as set forth above, the number of Trustees in such class, as determined by the Board</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">elected</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">term</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">expiring</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">3rd</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">annual</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">special meeting in lieu thereof following such expiration to succeed the Trustees whose terms of office</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">expire.</font><font style="letter-spacing:2.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">elected</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">annual</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">special</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">lieu</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">called</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">purpose.</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">In</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">case</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">failure</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">elect</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders,</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">incumbent</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hold-over</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">until</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">he</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">she</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">sooner</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">dies,</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">resigns,</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">retires,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">disqualified</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">removed</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">office</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">until</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">election</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">annual</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">qualification</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">his</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">her</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">successor.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For the avoidance of doubt, as set forth in Article V, Section 7, the provisions of this Section 5 and the<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">following Section 6 may be subject to provisions in one or more Securities Designations regarding the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">rights</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Holders</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">nomination</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">election</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;letter-spacing:-0.05pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:-0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">6.</font><font style="letter-spacing:1.9pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Vacancies;</font><font style="text-decoration:underline;letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Appointment</font><font style="text-decoration:underline;letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">of</font><font style="text-decoration:underline;letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:1.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Whenever</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">vacancy</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">exist</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Board</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees, regardless of the reason for such vacancy, the remaining Trustees shall appoint any person as</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">they</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">determine</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">their</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">sole</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">discretion</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">fill</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">vacancy,</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">consistent</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">limitations under</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">1940</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Act,</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provided,</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">if</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">separately to elect one or more Trustees, a majority of the remaining Trustees or the sole remaining</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustee elected by that Class or Series may fill any vacancy among the number of Trustees elected by that</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class or Series.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Such appointment shall be made by a written instrument signed by a majority of the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees or by a resolution of the Trustees, duly adopted and recorded in the records of the Trust,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">specifying the effective date of the appointment.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees may appoint a new Trustee as provided</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">above</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">anticipation</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">vacancy</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">expected</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">occur</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">because</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">retirement,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">resignation</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">removal</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a Trustee, or an increase in number of Trustees, provided that such appointment shall become effective</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">only at or after the expected vacancy occurs. As soon as any such Trustee has accepted his appointment</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in writing, the trust estate shall vest in the new Trustee, together with the continuing Trustees, without</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any further act or conveyance, and he shall be deemed a Trustee hereunder.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees&#8217; power of</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">appointment is subject to Section 16(a) of the 1940 Act. Whenever a vacancy in the number of Trustees</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">occur,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">until</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">vacancy</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">filled</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">this</font><font style="font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">II,</font><font style="font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">office,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">regardless</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">their</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">number,</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">powers</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">granted</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">discharge</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">duties</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">imposed</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">upon</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Declaration.</font><font style="letter-spacing:1.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">death,</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">declination</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">serve,</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">resignation,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">retirement,</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">removal</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">incapacity of one or more Trustees, or all of them, shall not operate to annul the Trust or to revoke any</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">existing</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agency</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">created</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">pursuant</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">terms</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 7. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Chairman</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees may appoint one of their number to be Chairman of the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Board of Trustees.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Chairman shall preside at all meetings of the Trustees, shall be responsible for the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">execution</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">policies</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">established</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">administration</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">chief</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">executive,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">financial</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and/or</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">accounting</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">officer</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust.</font><font style="letter-spacing:1.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">If</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">do</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">appoint</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Chairman,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">President</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">perform</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">duties</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">responsibilities</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hereunder.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">8.</font><font style="letter-spacing:1.05pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Action</font><font style="text-decoration:underline;letter-spacing:0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">by</font><font style="text-decoration:underline;letter-spacing:0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">the</font><font style="text-decoration:underline;letter-spacing:0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Except as expressly provided in this Declaration, the Trustees shall act by<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority vote at a meeting duly called at which a quorum is present, including a meeting held by</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">conference telephone, teleconference or other electronic media or communication equipment by means of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">persons</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">participating</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">can</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">communicate</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other;</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">written</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">consent</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">greater</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">number</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">required</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">applicable</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">law)</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">without</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting.</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">A majority of the Trustees shall constitute a quorum at any meeting.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Meetings of the Trustees may be</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">called orally or in writing by the President or by any one of the Trustees or as set forth in the By-Laws.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Notice of the time, date and place of all Trustees&#8217; meetings shall be given to each Trustee as set forth in</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the By-Laws; provided, however, that no notice is required if the Trustees provide for regular or stated</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meetings.</font><font style="letter-spacing:2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Notice</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">need</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">given</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">who</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">attends</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">without</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">objecting</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">lack</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">notice</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">who</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">signs</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">waiver</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">notice</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">either</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">before</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">after</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting.</font><font style="letter-spacing:1.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Except</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">expressly</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Agreement,</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">delegate</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">committee</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">authority to approve particular matters or take particular actions on behalf of the Trust.<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Any written</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">consent or waiver may be provided and delivered to the Trust by facsimile or other similar electronic</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">mechanism.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A Trustee who with respect to the Trust is not an Interested Person shall be<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">deemed to be independent and disinterested when making any determinations or taking any action as a</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustee,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">whether</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">pursuant</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">1940</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Act,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Delaware</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Act</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">otherwise.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 9. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Ownership of Trust Property</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trust Property of the Trust and of each Series</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall be held separate and apart from any assets now or hereafter held in any capacity other than as</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustee hereunder by the Trustees or any successor Trustees.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Legal title in and beneficial ownership of</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">times</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">considered</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">vested</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">except</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may cause legal title in and beneficial ownership of any Trust Property to be held by, or in the name of</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">one or more of the Trustees acting for and on behalf of the Trust, or in the name of any person as nominee</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">acting</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">behalf</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust.</font><font style="letter-spacing:2.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">No</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">deemed</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to have</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">severable</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">ownership</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">individual asset</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">right</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">partition</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">possession</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereof,</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">but</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">each</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder shall have, as provided in</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Article V, a&#160;</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">proportionate undivided beneficial interest in the Trust</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">represented</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares,</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">equity</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">issued</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the Trust.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Shares, Preferred Securities and other equity securities issued by the Trust shall be</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">personal property giving only the rights specifically set forth in the Declaration.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trust, or at the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">determination of the Trustees one or more of the Trustees or a nominee acting for and on behalf of the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">deemed</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hold</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">legal</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">title</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">beneficial ownership</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of any</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">income</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">earned</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">issued</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">business</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">entities</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">formed,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">organized,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">existing</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">laws</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">jurisdiction,</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">including</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">laws</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">foreign</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">country.</font><font style="letter-spacing:1.85pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Upon</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">resignation</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">removal</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustee,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">his</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">otherwise</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">ceasing to be a Trustee, he shall execute and deliver such documents as the remaining Trustees shall</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">require</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">purpose</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">conveying</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">remaining</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Property</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">held</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">name of the resigning or removed Trustee.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Upon the incapacity or death of any Trustee, his legal</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">representative shall execute and deliver on his behalf such documents as the remaining Trustees shall</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">require</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">preceding</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">sentence.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 10. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Effect of Trustees Not Serving</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">death, resignation, retirement, removal,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">incapacity</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">inability</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">refusal</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">serve</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">them,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">operate</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">annul</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">revoke</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">existing</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agency</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">created</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">pursuant</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">terms</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Declaration.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 11. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Trustees, Etc. as Shareholders</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Subject to any restrictions in the By-Laws, any</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustee,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">officer,</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agent</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">independent</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contractor</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">acquire,</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">own</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">dispose</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">issued</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">same</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">extent</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Person</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">holding</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities;</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">issue</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and sell securities issued by the Trust to and buy them from any such Person or any firm or company in</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Person</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">interested,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">subject</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">only</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">general</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">limitations</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">herein.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 12. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Series Trustees</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">In connection with the establishment of one or more Series or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Classes, the Trustees establishing such Series or Class may appoint, to the extent permitted by the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Delaware Act, separate Trustees with respect to such Series or Classes (the &#8220;Series Trustees&#8221;).</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees may, but are not required to, serve as Trustees of the Trust or any other Series or Class of the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust.</font><font style="letter-spacing:0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have,</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">exclusion of</font><font style="letter-spacing:0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">powers</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">and authorities of Trustees hereunder with respect to such Series or Class, but shall have no power or<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">authority</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class.</font><font style="letter-spacing:2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Any</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provision</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">relating</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">election</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of Trustees by Shareholders only shall entitle the Shareholders of a Series or Class for which Series</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees have been appointed to vote with respect to the election of such Series Trustees and the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">participate</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote.</font><font style="letter-spacing:1.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">In</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">event</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series Trustees are appointed, the Trustees initially appointing such Series Trustees shall, without the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">approval of any holder of Outstanding Securities, amend either the Declaration or the By-Laws to provide</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">respective</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">responsibilities</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">circumstances</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">where</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">action</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of the Trustees or Series Trustees affects all Series of the Trust or two or more Series represented by</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">different</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">ARTICLE<font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">III</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">CONTRACTS<font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">WITH</font><font style="letter-spacing:1.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">SERVICE</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">PROVIDERS</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 1. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Underwriting Contract</font><font style="font-size:10pt;font-family:'Times New Roman';">. The Trustees may in their discretion from time to time enter</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">into an exclusive or non-exclusive underwriting or</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">distribution contract or contracts providing for</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the sale</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares,</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">issued</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">whereby</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">either</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agree to sell such securities to the other party to the contract or appoint such other party as their sales</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agent</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">either</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">case</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">terms</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">conditions,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">if</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">prescribed</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in the By-Laws, any applicable Securities Designation and such further terms and conditions as the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">their</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">discretion</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">determine</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">inconsistent</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provisions</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">III</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">By-Laws</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Designation;</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contract</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">also</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provide</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">repurchase</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">party</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agent</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Advisory or Management Contract</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees may in their discretion from time</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">enter</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">into one</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">investment</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">advisory</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">management</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contracts</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or,</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">if the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees establish</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">multiple Series, separate investment advisory or management contracts with respect to one or more Series</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">whereby</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">party</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">parties</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contracts</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">undertake</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">furnish</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">management, investment advisory, administration, accounting, legal, statistical and research facilities and</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">services,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">promotional</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">marketing</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">activities,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">facilities</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">services,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">if</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">consider</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">desirable</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">upon</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">terms</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">conditions</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">their</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">discretion determine.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Notwithstanding any</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provisions</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Declaration,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees may</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">authorize</font><font style="letter-spacing:0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Investment</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Adviser(s)</font><font style="letter-spacing:0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">persons</font><font style="letter-spacing:0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">whom</font><font style="letter-spacing:0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:1.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Investment</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Adviser(s)</font><font style="letter-spacing:0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">delegates</font><font style="letter-spacing:0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">certain</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:-2.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">its</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">duties,</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">them,</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contracts</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">(subject</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">general</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or specific</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">instructions</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the Trustees may from time to time adopt) to effect purchases, sales, loans or exchanges of portfolio</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities and other investments of the Trust on behalf of the Trustees or may authorize any officer,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">employee</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">effect</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">purchases,</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">sales,</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">loans</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">exchanges</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">pursuant</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">recommendations</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such Investment Adviser(s), or any of them (and all without further action by the Trustees).</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Any such</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">purchases,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">sales,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">loans</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">exchanges</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">deemed</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">been</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">authorized</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 3. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Administration Agreement</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees may in their discretion from time to time</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">enter</font><font style="letter-spacing:0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">into</font><font style="letter-spacing:0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">an</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">administration</font><font style="letter-spacing:0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agreement</font><font style="letter-spacing:0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or,</font><font style="letter-spacing:0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">if</font><font style="letter-spacing:0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">establish</font><font style="letter-spacing:0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">multiple</font><font style="letter-spacing:0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Classes,</font><font style="letter-spacing:0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">separate</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">administration agreements with respect to each Series or Class, whereby the other party to such agreement<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">undertake</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">manage</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">business</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">affairs</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">furnish the Trust or a Series or a Class thereof with office facilities, and shall be responsible for the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">ordinary clerical, bookkeeping and recordkeeping services at such office facilities, and other facilities and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">services,</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">if</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any,</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">upon</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">terms</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">conditions</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">their</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">discretion</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">determine.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Service Agreement</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees may in their discretion from time to time enter into</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">service agreements with respect to one or more Series or Classes whereby the other parties to such</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Service</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Agreements</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">will</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provide</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">administration</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and/or</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">support</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">services</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">pursuant</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">administration</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">plans</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and service plans, and all upon such terms and conditions as the Trustees in their discretion may</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">determine.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 5. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Transfer Agent</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees may in their discretion from time to time enter into a</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">transfer</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agency</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shareholder</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">service</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contract</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">whereby</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">party</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contract</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">undertake</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to furnish transfer agency and shareholder services to the Trust.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The contract shall have such terms and</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">conditions as the Trustees may in their discretion determine not inconsistent with the Declaration. Such</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">services</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Persons.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:-0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">6.</font><font style="letter-spacing:1.75pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Custodian</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:1.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">appoint</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">otherwise</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">engage</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">banks</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">trust</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">companies or any other entity satisfying the requirements of the 1940 Act, to serve as Custodian with</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">authority</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">its</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">agent,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">but</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">subject</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">restrictions,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">limitations</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">requirements,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">if</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contained</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">By-Laws</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust.</font><font style="letter-spacing:2.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">also</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">authorize</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Custodian</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">employ</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">more sub-custodians, including such foreign banks and securities depositories as meet the requirements of</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">applicable provisions of the 1940 Act, and upon such terms and conditions as may be agreed upon</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">between the Custodian and such sub-custodian, to hold securities and other assets of the Trust and to</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">perform the acts and services of the Custodian, subject to applicable provisions of law and resolutions</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">adopted</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 7. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Affiliations of Trustees or Officers, Etc.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The fact that:</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">(i) any of the Shareholders,</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees or officers of the Trust or any Series thereof is a shareholder, director, officer, partner, trustee,</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">employee, manager, adviser or distributor of or for any partnership, corporation, trust, association or other</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">organization</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">parent</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">affiliate</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">organization,</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contract</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">character</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">described</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">III</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">services</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Custodian,</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Transfer</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Agent</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">disbursing</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agent</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">related</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">services</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">been</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hereafter</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">made,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">organization,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">parent</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">affiliate</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereof,</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">has</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">interest</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:2.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">(ii)</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">partnership,</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">corporation,</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">trust,</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">association</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">organization</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contract</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">character</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">described</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Sections</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">1,</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">2,</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">3</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">4</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">III</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for services</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Custodian,</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Transfer</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Agent</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">disbursing</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agent</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">related</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">services</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may have been or may hereafter be made also has any one or more of such contracts with one or more</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other partnerships, corporations, trusts, associations or other organizations, or has other business or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">interests,</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">affect</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">validity</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contract</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">disqualify</font><font style="letter-spacing:0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder,</font><font style="letter-spacing:0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">officer</font><font style="letter-spacing:-2.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">voting</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">upon or executing</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">same</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">create</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">liability</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">accountability</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">its</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">ARTICLE<font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">IV</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">COMPENSATION,<font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">LIMITATION</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">OF</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">LIABILITY</font><font style="letter-spacing:1.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">AND</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">INDEMNIFICATION</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 1. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Compensation</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees as such shall be entitled to reasonable compensation</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from the Trust, and they may fix the amount of such compensation.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Nothing herein shall in any way</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">prevent</font><font style="letter-spacing:1.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:1.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">employment</font><font style="letter-spacing:1.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:1.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:1.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:1.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:0.8pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">advisory,</font><font style="letter-spacing:1.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">management,</font><font style="letter-spacing:1.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">legal,</font><font style="letter-spacing:1.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">accounting,</font><font style="letter-spacing:0.75pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">investment</font><font style="letter-spacing:1.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">banking</font><font style="letter-spacing:-2.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">services</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">payment</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">same</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Limitation of Liability</font><font style="font-size:10pt;font-family:'Times New Roman';">. 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style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">behalf</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contain</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">statement</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">foregoing</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">effect,</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">but</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">absence</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">statement</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">operate</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">make</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">officer</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust liable thereunder.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Provided they have exercised reasonable care and have acted</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">under the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">reasonable belief that their actions are in the best interest of the Trust, the Trustees and officers of the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust shall not be responsible or liable for any act or omission or for neglect or wrongdoing of them or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any officer, agent, employee, investment adviser or independent contractor of the Trust, but nothing</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contained in this Declaration or in the Delaware Act shall protect any Trustee or officer of the Trust</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">against liability to the Trust or to Shareholders to which he would otherwise be subject by reason of</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">willful</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">misfeasance,</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">bad</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">faith,</font><font style="letter-spacing:0.75pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">gross</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">negligence</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">reckless</font><font style="letter-spacing:0.75pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">disregard</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">duties</font><font style="letter-spacing:0.75pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">involved</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">conduct</font><font style="letter-spacing:-2.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">his</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">office.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">3.</font><font style="letter-spacing:1.35pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Indemnification</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Subject<font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exceptions</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">limitations</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">contained</font><font style="letter-spacing:0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">subsection</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(b)</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">below:</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">every person who is, or has been, a Trustee or an officer, employee or<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agent</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(including</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">individual</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">who</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">serves</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">its</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">request</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">director,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">officer,</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">partner, employee, trustee, agent or the like of another organization in which it has any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">interest</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shareholder,</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">creditor</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">otherwise)</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(&#8220;Covered</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Person&#8221;)</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">indemnified</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by the Trust or the appropriate Series to the fullest extent permitted by law against</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">liability and against all expenses reasonably incurred or paid by him in connection with</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any claim, action, suit or proceeding in which he becomes involved as a party or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">otherwise by virtue of his being or having been a Covered Person and against amounts</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">paid</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">incurred</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">him</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">settlement</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof;</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">as used herein, the words &#8220;claim,&#8221; &#8220;action,&#8221; &#8220;suit,&#8221; or &#8220;proceeding&#8221; shall<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">apply</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">claims,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">actions,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">suits</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proceedings</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(civil,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">criminal,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">administrative,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">investigative or other, including appeals), actual or threatened, and the words &#8220;liability&#8221;</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">&#8220;expenses&#8221; shall include, without limitation, attorneys&#8217; fees, costs, judgments,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amounts</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">paid</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">settlement,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">fines,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">penalties</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">liabilities.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">No<font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">indemnification</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereunder</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Covered</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Person:</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">14&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p><p style="page-break-before:always;"></p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">who shall have been adjudicated by a court or body before which the<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proceeding was brought (A) to be liable to the Trust or its Shareholders by reason of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">willful misfeasance, bad faith, gross negligence or reckless disregard of the duties</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">involved in the conduct of his office, or (B) not to have acted in good faith and in a</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">manner</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">person</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">reasonably</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">believed</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">opposed</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">best</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">interests</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust;</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">in the event of a settlement, unless there has been a determination that<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such Covered Person did not engage in willful misfeasance, bad faith, gross negligence or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">reckless</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">disregard</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">duties</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">involved</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in the</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">conduct of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">his office;</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(A)</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">court</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">body</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">approving</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">settlement;</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(B)</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">least</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">those</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">who</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">are</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">neither Interested Persons of the Trust nor are parties to the matter based upon a review</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of readily available facts (as opposed to a full trial-type inquiry); (C) by written opinion</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of independent legal counsel based upon a review of readily available facts (as opposed</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">full</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trial-type</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">inquiry)</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(D)</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Outstanding</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority of the outstanding Preferred Securities, in each case entitled to vote (excluding</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Outstanding</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">outstanding</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">owned</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">record</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">beneficially by such individual), voting as separate classes and voting together as a single</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">class.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The<font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">rights</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">indemnification</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">herein</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">insured</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">against</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">policies</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">maintained by the Trust, shall be severable, shall not be exclusive of or affect any other rights to which</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any Covered Person may now or hereafter be entitled, and shall inure to the benefit of the heirs, executors</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">administrators</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Covered</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Person.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To the maximum extent permitted by applicable law, expenses in connection<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">preparation</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">presentation</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">defense</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">claim,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">action,</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">suit</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proceeding</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">character</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">described in subsection (a) of this Section may be paid by the Trust or applicable Series from time to time</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">prior to final disposition thereof upon receipt of an undertaking by or on behalf of such Covered Person</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amount</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">will</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be paid</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">over</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">him</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust or</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">applicable</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">if it</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">ultimately determined</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that he is not entitled to indemnification under this Section; provided, however, that either (i) such</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Covered Person shall have provided appropriate security for such undertaking, (ii) the Trust is insured</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">against losses arising out of any such advance payments or (iii) either a majority of a quorum of the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees who are neither Interested Persons of the Trust nor parties to the matter, or independent legal</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">counsel in a written opinion, shall have determined, based upon a review of readily available facts (as</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">opposed to a full trial-type inquiry) that there is reason to believe that such Covered Person will not be</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">disqualified from indemnification under this Section.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Independent counsel retained for the purpose of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">rendering an opinion regarding advancement of expenses and/or a majority of a quorum of the Trustees</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">who</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">neither</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Interested</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Persons</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">nor</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">parties</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">matter,</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proceed under</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">rebuttable</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">presumption</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Covered</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Person</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">has</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">engaged</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">willful</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">misfeasance,</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">bad</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">faith,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">gross</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">negligence</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">reckless</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">disregard</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Covered</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Person&#8217;s</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">duties</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">were</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">based</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Covered</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Person&#8217;s</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">determination</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">those</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">actions</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">were</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">best</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">interests</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">its</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font 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style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust).</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Any<font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">repeal</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">modification</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">IV</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders,</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adoption</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font 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</font><font style="font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">By-Laws</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">inconsistent</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article,&#160;</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New 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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Indemnification of Shareholders</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">If any Shareholder or former Shareholder of any</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">held</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">personally</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">liable</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">solely</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">reason</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of his</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">being</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or having</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">been</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">because</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">his</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">acts</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">omissions</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">some</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">reason,</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">former</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">(or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">his</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">heirs, executors, administrators or other legal representatives or in the case of any entity, its general</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">successor) shall be entitled out of the assets belonging to the applicable Series to be held harmless from</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and indemnified against all loss and expense arising from such liability.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trust, on behalf of the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">affected Series, shall, upon request by such Shareholder, assume the defense of any claim made against</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">act</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">obligation</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">satisfy</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">judgment</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereon</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">assets</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 5. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">No Bond Required of Trustees</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">No Trustee shall be obligated to give any bond or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">security</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">performance</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">his</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">duties</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hereunder.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 6. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">No Duty of Investigation; Notice in Trust Instruments, Etc.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">No purchaser, lender,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">transfer agent or other Person dealing with the Trustees or any officer, employee or agent of the Trust or a</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">bound</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">make</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">inquiry</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">concerning</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">validity</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">transaction</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">purporting</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">made</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">said</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">officer,</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">employee</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agent</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">liable</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">application</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">money</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">property</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">paid,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">loaned,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">delivered</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">order</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">said</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">officer,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">employee</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agent.</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Every obligation,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">contract, instrument,</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">certificate, Share, Preferred Security, other</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">security of</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the Trust</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">undertaking,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">every</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">act</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thing</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">whatsoever</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">executed</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">connection</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">conclusively</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">presumed</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">been</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">executed</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">done</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">executors</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">only</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">their</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">capacity as Trustees under this Declaration or in their capacity as officers, employees or agents of the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust or a Series thereof.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Every written obligation, contract, instrument, certificate, Share, Preferred</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Security,</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">security</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">undertaking</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">made</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">issued</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">recite</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">same</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">executed</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">made</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">them</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">individually,</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">but</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Declaration,</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and that the obligations of the Trust or a Series thereof under any such instrument are not binding upon</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">individually,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">but</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">bind</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">only</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Property</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Property</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the applicable Series, and may contain any further recital which they may deem appropriate, but the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">omission of such recital shall not operate to bind the Trustees individually.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees may maintain</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">insurance for the protection of the Trust Property or the Trust Property of the applicable Series, its</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders, Trustees, officers, employees and agents in such amount as the Trustees shall deem</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">adequate to cover possible tort liability, and such other insurance as the Trustees in their sole judgment</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">deem</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">advisable.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 7. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Reliance on Experts, Etc.</font><font style="font-size:10pt;font-family:'Times New Roman';"> Each Trustee, officer or employee of the Trust or a Series</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall,</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">performance</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">his</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">duties,</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">powers</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">discretions</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hereunder</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">fully</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">completely</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">justified and protected with regard to any act or any failure to act resulting from reliance in good faith</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">upon</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">books</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">account</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">records</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereof,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">upon</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">opinion</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">counsel,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">upon</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">reports</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">made</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">its</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">officers</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">employees</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Investment</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Adviser, the Administrator, the Distributor, the Principal Underwriter, Transfer Agent, selected dealers,</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">accountants, appraisers or other experts or consultants selected with reasonable care by the Trustees,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">officers</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">employees</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">regardless</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">whether</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">counsel</font><font style="letter-spacing:1.85pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">expert</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">also</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustee.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">ARTICLE<font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">V</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">SERIES;<font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">CLASSES;</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">SHARES;</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">OTHER</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">SECURITIES</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 1. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Establishment of Series or Class</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trust shall consist of one or more Series.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Without</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">limiting</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">authority</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">establish</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">designate</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">further</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Classes,</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees has heretofore established a single Series, designated Calamos Convertible Opportunities and</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Income</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Fund,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares,</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">designated</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">common</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shares.</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Each</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">additional</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">established</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">effective</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">upon</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">adoption</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">resolution</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">majority</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">alternative date specified in such resolution.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Such resolution may establish such additional Series or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Classes directly in such resolution or by reference to, or approval of, another document that sets forth</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Classes,</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">including</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">registration</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">statement</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">otherwise</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">resolution.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees may designate the relative rights and preferences of the Shares of each Series.</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees may divide the Shares of any Series into Classes.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Any Shares of any further Series and</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Classes</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">established</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">designated</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">established</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">designated, and the variations in the relative rights and preferences as between the different Series shall</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be fixed and determined, by the Trustees; provided, that all Shares shall be identical except for such</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">variations as shall be fixed and determined between different Series or Classes by the Trustees in</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">establishing and designating such Class or Series.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Unless otherwise designated by the Trustees in the By-</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Laws</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">resolutions</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">establishing</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class,</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">purchase price,</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">method</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">determining</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">net</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">asset value, and the relative liquidation, voting, dividend and other rights and preferences of holders of</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">each Series or Class shall be as set forth in the Trust&#8217;s Registration Statement on Form N-2 under the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Act</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and/or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">1940</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Act</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">relating</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">issuance</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">All<font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">references</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">deemed,</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respectively,</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to be Shares or Preferred Securities, respectively. of any or all Series or Classes as the context may</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">require.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The Trust shall maintain separate and distinct records for each Series and hold and account for</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">separately</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series.</font><font style="letter-spacing:2.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">A</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">issue</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">number</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">need</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">issue</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares.</font><font style="letter-spacing:1.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Except</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">otherwise</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect to a specific Class, each Share of a Series shall represent an equal beneficial interest in the net</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets of such Series. Each holder of Shares of a Series or a Class thereof shall be entitled to receive his</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">pro rata share of all distributions made with respect to such Series or Class.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Upon redemption of his</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares, such Shareholder shall be paid solely out of the funds and property of such Series. The Trustees</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adopt</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">change</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">name</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">without</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">approval.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The beneficial interest in the Trust shall be divided into transferable Shares</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">equity</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">issued</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">pursuant</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">V,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">7</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">separate</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">distinct</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Classes</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">established</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees.</font><font style="letter-spacing:1.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">number</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">unlimited</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Share</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">no</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">par</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">value</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">per</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Share</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">amount</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">establish.</font><font style="letter-spacing:1.8pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">All</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">issued</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hereunder</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">fully</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">paid</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">nonassessable.</font><font style="letter-spacing:1.8pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">no</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">preemptive</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other right to subscribe to any additional Shares or other securities issued by the Trust.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees shall</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have full power and authority, in their sole discretion and without obtaining Shareholder approval, to</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">issue original or additional Shares at such times and on such terms and conditions as they deem</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">appropriate; to issue fractional Shares and Shares held in the treasury; to establish and to change in any</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">manner Shares of any Series or Classes with such preferences, rights upon liquidation, redemption rights,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">terms of conversion, voting powers, and other rights and privileges as the Trustees may determine (but the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees may not change Outstanding Shares</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in a manner materially adverse to the holders of such</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Outstanding Shares); to divide or combine the Shares of any Series or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Classes into a greater or lesser</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">number;</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">classify</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">reclassify</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">unissued</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Classes</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">into</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Classes of Shares; to abolish any one or more Series or Classes; to issue Shares to acquire other assets</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">(including</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">assets subject</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to,</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and in connection</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with,</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">assumption</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of liabilities) and businesses;</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">take</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">action</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">deem</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">desirable.</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">held</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">treasury shall not confer any voting rights on the Trustees and shall not be entitled to any dividends or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">distributions</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">declared</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:-0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">3.</font><font style="letter-spacing:1.9pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Investment</font><font style="text-decoration:underline;letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">in</font><font style="text-decoration:underline;letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">the</font><font style="text-decoration:underline;letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:1.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">accept</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">investments</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from such Persons and on such terms as they may from time to time authorize.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">At the Trustees&#8217;</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">discretion,</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">investments,</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">subject</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">applicable</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">law,</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">form</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">cash</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">which</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">authorized</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">invest,</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">valued</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">VI,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">3.</font><font style="letter-spacing:1.8pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Investments</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series shall be credited to such Shareholder&#8217;s account in the form of full Shares at the Net Asset Value</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">per Share next determined after the investment is received or accepted as may be determined by the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees; provided, however, that the Trustees may, in their sole discretion, (a) impose a sales charge</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">upon investments in any Series or Class, (b) issue fractional Shares, (c) determine the Net Asset Value per</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Share of the initial capital contribution or (d) authorize the issuance of Shares at a price other than Net</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Asset</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Value</font><font style="letter-spacing:2.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:2.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">extent</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">permitted</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">1940</font><font style="letter-spacing:2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Act</font><font style="letter-spacing:2.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:2.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">rule,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">order</font><font style="letter-spacing:2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">interpretation</font><font style="letter-spacing:2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Commission</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereunder.</font><font style="letter-spacing:1.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">right</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">refuse</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">accept</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">investments</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">at</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font 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style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">whatsoever.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:-0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">4.</font><font style="letter-spacing:1.95pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Assets</font><font style="text-decoration:underline;letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">and</font><font style="text-decoration:underline;letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Liabilities</font><font style="text-decoration:underline;letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">of</font><font style="text-decoration:underline;letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Series</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:2.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">All</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">consideration</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">received</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">issue</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or sale of Shares (and, for the avoidance of doubt, any other securities issued pursuant to Article V,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Section 7) of a particular Series, together with all assets in which such consideration is invested or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">reinvested, all income, earnings, profits, and proceeds thereof (including any proceeds derived from the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">sale,</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">exchange</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">liquidation</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">assets,</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">funds</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">payments</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">derived</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">reinvestment</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such proceeds in whatever form the same may be), shall be held and accounted for separately from the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">every</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">referred</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">&#8220;assets</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">belonging</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to&#8221;</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series.</font><font style="letter-spacing:2.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">belonging</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to a Series shall belong only to that Series for all purposes, and to no other Series, subject only to the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">rights of creditors of that Series.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Any assets, income, earnings, profits, and proceeds thereof, funds, or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">payments</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">readily</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">identifiable</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">belonging</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">particular</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">allocated</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees between and among one or more Series as the Trustees deem fair and equitable.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Each such</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">allocation</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">conclusive</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">binding</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">upon</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">purposes,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">18&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p><p style="page-break-before:always;"></p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">assets,<font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">earnings,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">income,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">profits</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">funds,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">payments</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proceeds</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">referred</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">belonging to that Series. Separate and distinct records shall be maintained for each Series and the assets</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">held with respect to each Series shall be held and accounted for separately from the assets held with</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets, income,</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">earnings,</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">profits,</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proceeds</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof,</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">funds,</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">payments</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">readily</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">identifiable</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">belonging</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">particular</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">allocated</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">accordance</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">4.</font><font style="letter-spacing:1.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">belonging</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">so</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">recorded upon the books of the Trust, and shall be held by the Trustees in trust for the benefit of the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders of that Series.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The assets belonging to a Series shall be charged with the liabilities of that</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series and all expenses, costs, charges and reserves attributable to that Series, except that liabilities and</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">expenses allocated solely to a particular Class shall be borne by that Class.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Any general liabilities,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">expenses, costs, charges or reserves of the Trust which are not readily identifiable as belonging to any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">particular Series or Class shall be allocated and charged by the Trustees between or among any one or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">more of the Series or Classes in such manner as the Trustees deem fair and equitable.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Each such</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">allocation</font><font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">conclusive</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">binding</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">upon</font><font style="letter-spacing:0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Classes</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">purposes.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Without limiting the foregoing, but subject to the right of the Trustees to allocate general<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">liabilities, expenses, costs, charges or reserves as herein provided, (a) the debts, liabilities, obligations and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">expenses incurred, contracted for or otherwise existing with respect to a particular Series shall be</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">enforceable</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">against</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">only,</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">against</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">against</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">generally,</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(b)</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">none</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">debts,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">liabilities,</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">obligations</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">expenses</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">incurred,</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">contracted</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">otherwise</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">existing</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">generally</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">enforceable against the assets of such Series.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Notice of this contractual limitation on liabilities among</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series shall be set forth in the certificate of trust of the Trust (whether originally or by amendment) as</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">filed or to be filed in the Office of the Secretary of State of the State of Delaware pursuant to the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Delaware Act, and upon the giving of such notice in the certificate of trust, the statutory provisions of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section 3804 of the Delaware Act relating to limitations on liabilities among Series (and the statutory</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">effect</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">3804</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">setting</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">forth</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">notice</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">certificate</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trust)</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">become</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">applicable</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the Trust and each Series.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Any person extending credit to, contracting with or having any claim against</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any Series may look only to the assets of that Series to satisfy or enforce any debt, with respect to that</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">No Shareholder or former Shareholder of any Series shall have a claim on or any right to any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">allocated</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">belonging</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 5. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Ownership and Transfer of Shares and Preferred Securities</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trust or a transfer</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or similar agent for the Trust shall maintain a register containing the names and addresses of the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders of each Series and Class thereof, the number of Shares and Preferred Securities of each</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series and Class held by such Shareholders, and a record of all Share and Preferred Security transfers.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The register shall be conclusive as to the identity of Shareholders of Shares and Preferred Securities of</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">record</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">number</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">held</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">them</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time.</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may authorize the issuance of certificates representing Shares and Preferred Securities and adopt rules</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">governing their use.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees may make rules governing the transfer of Shares and Preferred</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities, whether or not represented by certificates.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Except as otherwise provided by the Trustees,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares and Preferred Securities shall be transferable on the books of the Trust only by the record holder</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereof or by his duly authorized agent upon delivery to the Trustees or the Trust&#8217;s transfer agent of a</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">duly executed instrument of transfer, together with a Share or Preferred Security certificate if one is</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">outstanding,</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">evidence</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">genuineness</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">execution</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">authorization</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">other matters as may be required by the Trustees.<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Upon such delivery, and subject to any further</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">requirements</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">specified</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">contained</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">By-Laws,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">transfer</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">recorded</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">books of the Trust.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Until a transfer is so recorded, the Shareholder of record of Shares or Preferred</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities shall be deemed to be the holder of such Shares or Preferred Securities for all purposes</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereunder and neither the Trustees nor the Trust, nor any transfer agent or registrar or any officer,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">employee</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agent</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">affected</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">notice</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proposed</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">transfer.</font><font style="letter-spacing:2.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">For</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">avoidance</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of doubt, provisions (including without limitation additional and/or differing provisions) relating to the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">ownership and transfer of securities issued pursuant to Article V, Section 7 may be set forth in the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Designation</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">securities.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;letter-spacing:-0.05pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 6. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Status of Shares/Preferred Securities; Limitation of Shareholder/Preferred </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Holder</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Liability</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares and Preferred Securities shall be deemed to be personal property giving Shareholders</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and Preferred Holders only the rights provided in the Declaration.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Every Shareholder or Preferred</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Holder, by virtue of having acquired a Share or Preferred Security, respectively, shall be held expressly to</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have assented to and agreed to be bound by the terms of the Declaration and to have become a party</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hereto.</font><font style="letter-spacing:1.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">No</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Holder</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">personally</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">liable</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">debts,</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">liabilities,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">obligations</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and expenses incurred by, contracted for, or otherwise existing with respect to, the Trust or any Series.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">death,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">incapacity,</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">dissolution,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">termination</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">bankruptcy</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">during</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">existence</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">operate</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">terminate</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">nor</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">entitle</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">representative</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">an</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">accounting</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or to</font><font style="font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">take</font><font style="font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">action</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">court</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or elsewhere</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">against</font><font style="font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees,</font><font style="font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">but</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">entitles</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">representative only to the rights of such Shareholder under this Trust. Ownership of Shares or Preferred</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">entitle</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">title</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">whole</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">part</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Property</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or right to call for a</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">partition or division of the same or for an accounting, nor shall the ownership of</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">constitute</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">partners.</font><font style="letter-spacing:1.95pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Neither</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">nor</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">power</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">bind</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">personally</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">demand</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">payment</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">anything, other than as agreed by the Shareholder.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders shall have the same limitation of</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">personal</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">liability</font><font style="letter-spacing:0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">is</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">extended</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shareholders</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">private</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">corporation</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">profit</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">incorporated</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">State</font><font style="letter-spacing:-2.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of Delaware.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Every written obligation of the Trust or any Series shall contain a statement to the effect</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that such obligation may only be enforced against the assets of the appropriate Series or all Series;</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">however, the omission of such statement shall not operate to bind or create personal liability for any</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustee.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 7.<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Other Securities</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees may authorize and issue Preferred Securities and such</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other securities of the Trust as they determine to be necessary, desirable or appropriate, having such</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">terms, rights, preferences, privileges, limitations and restrictions as the Trustees see fit, including</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">preferred interests, debt securities or other senior securities. Unless otherwise expressly provided in the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities Designation pursuant to which such other securities are authorized or issued, any such other</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">(including</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">without</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">limitation</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities)</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">issued</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">after</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hereof</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">(for</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">avoidance</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">doubt,</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">term</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">defined</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">herein),</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">holders</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities and such other securities shall be Shareholders to the extent provided herein, with the rights</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">thereof and the obligations associated therewith, and Preferred Securities shall have the rights, privileges,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">preferences</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">priorities</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">obligations</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">associated</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities,</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">case</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hereunder</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and under the By-laws and in the Securities Designation applicable to such Preferred Securities. To the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">extent that the Trustees authorize and issue preferred shares (including without limitation Preferred</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities)</font><font style="letter-spacing:0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class</font><font style="letter-spacing:0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series,</font><font style="letter-spacing:0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">they</font><font style="letter-spacing:0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">are</font><font style="letter-spacing:0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hereby</font><font style="letter-spacing:0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">authorized</font><font style="letter-spacing:0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">empowered</font><font style="letter-spacing:0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">amend</font><font style="letter-spacing:0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">supplement</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">this Declaration (including without limitation with any Securities Designation) as they deem necessary or<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">appropriate, including to comply with the requirements of the 1940 Act or requirements imposed by the</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">rating agencies or other Persons, all without the approval of Shareholders.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Any such supplement or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment (including without limitation any Securities Designation) shall be filed as is necessary.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">In</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">addition, any such supplement or amendment (including without limitation any Securities Designation)</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may set forth the rights, powers, preferences and privileges of such preferred shares (including without</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">limitation Preferred Securities) and any such supplement or amendment (including without limitation any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities Designation) shall operate either as additions to or modifications of the rights, powers,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">preferences and privileges of any such preferred shares under this Declaration. To the extent the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provisions set forth in such supplement or amendment (including without limitation any Securities</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Designation)</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">conflict</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provisions</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">rights,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">powers</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">privileges of the preferred shares, such amendment or supplement (including without limitation any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities Designation) shall control. Except as contemplated by the immediately preceding sentence, this</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration shall control as to the Trust generally and the rights, powers, preferences and privileges of the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other Shareholders of the Trust. The Trustees are also authorized to take such actions and retain such</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">persons</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">they</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">see</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">fit</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">offer</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">sell</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">securities.</font><font style="letter-spacing:1.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">All</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">issued</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereunder</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">fully</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">paid</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">nonassessable.</font><font style="letter-spacing:1.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Notwithstanding</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">anything</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">else</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">herein,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">IV</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">would have the effect of reducing the indemnification and other rights provided thereby to Trustees,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">officers,</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">employees,</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agents</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">former</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders,</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">repeal</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment of this sentence shall each require the affirmative vote of the holders of two-thirds of the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">outstanding</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereon</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">no</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment shall</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">effect</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">right</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">indemnification of any person who is no longer a Trustee, Officer or employee or agent at the time of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such amendment or of any person with respect to any act or omission taken or omitted prior to the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adoption or enactment of such amendment or repeal.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The Trustees may not amend this Declaration to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">eliminate the rights of Shareholders of any Class or Series of Preferred Securities in this sentence or the</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">following sentence to vote on any amendment of this Declaration or the By-Laws or alter or amend the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">percentage</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">voting</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">required</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">approve</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">action</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">requires</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">specific Shareholder vote under this Declaration or the By-Laws unless an equivalent vote has authorized</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">amendment</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">By-Laws.</font><font style="letter-spacing:1.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Any</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adversely</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">affects</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">holders</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Classes</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">require</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">holding</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority of the Preferred Securities of each Class or Series so adversely affected and entitled to vote</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereon and no vote of Shareholders of any Class or Series of Preferred Securities not so adversely</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">affected shall be required, except that any amendment of any provision of Article IX, Sections 5, 6 or 7</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">require</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">holding</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">three-quarters</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entitled to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereon, regardless of the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">percentage of Trustees recommending</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">ARTICLE VI<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">DISTRIBUTIONS</font><font style="letter-spacing:1.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">AND</font><font style="letter-spacing:1.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">REDEMPTIONS</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:-0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">1.</font><font style="letter-spacing:1.9pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Distributions</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:1.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">committee</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">declare</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">pay dividends and other distributions, including dividends on Shares, Preferred Securities or other</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:1.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:1.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:1.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">particular</font><font style="letter-spacing:1.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:1.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:1.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:1.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">distributions</font><font style="letter-spacing:1.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:1.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:1.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">assets</font><font style="letter-spacing:1.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">belonging</font><font style="letter-spacing:1.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:1.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:1.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series. </font><font style="letter-spacing:2.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">No</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">dividend<font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">distribution,</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">including,</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">without</font><font style="letter-spacing:1.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">limitation,</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">distribution</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">paid</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">upon</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">termination</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:1.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p><p style="page-break-before:always;"></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">or of any Series (or Class) with respect to, nor any redemption or repurchase of, the Shares, Preferred<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities or other securities of any Series (or Class) shall be effected by the Trust other than from the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">held</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">nor</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">particular</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">otherwise</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">have</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any right or claim against the assets held with respect to any other Series except to the extent that such</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">has</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">right</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">claim</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereunder</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series.</font><font style="letter-spacing:1.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">have full discretion to determine which items shall be treated as income and which items as capital; and</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each such determination and allocation shall be conclusive and binding upon the Shareholders.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amount and payment of dividends or distributions and their form, whether they are in cash, Shares or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Property,</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">determined</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees,</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">including</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">particular</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the resolutions establishing such Class.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Dividends and other distributions may be paid pursuant to a</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">standing resolution adopted once or more often as the Trustees determine.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Except as provided with</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a particular</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">By-Laws or the</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">resolutions establishing</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class,</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all dividends</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other distributions on Shares or Preferred Securities of a particular Series shall be distributed pro rata to</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proportion</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">number</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred Securities of that Series they held on the record date established for such payment.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees may adopt and offer to Shareholders such dividend reinvestment plans, cash dividend payout</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">plans</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">similar</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">plans</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">deem</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">appropriate.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Redemptions</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Except as provided with respect to a particular Class in the By-Laws</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">resolutions</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">establishing</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class,</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities</font><font style="letter-spacing:0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">will</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">redeemed</font><font style="letter-spacing:-2.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">repurchased</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust, except</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">determine from</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">no</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">obligation</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">redeem</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">repurchase</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares.</font><font style="letter-spacing:1.85pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">specify</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">conditions,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">prices,</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">places of redemption, may specify binding requirements for the proper form or forms of requests for</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">redemption and may specify the amount of any deferred sales charge to be withheld from redemption</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">proceeds.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Payment of the redemption price may be wholly or partly in securities or other assets at the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">value</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">used</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">determination</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Net</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Asset</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Value,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">cash.</font><font style="letter-spacing:1.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Upon</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">redemption,</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">reissued</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time.</font><font style="letter-spacing:1.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">require</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">redeem</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares for</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">reason</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">terms</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">set</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">including,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">but</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">limited</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to,</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">failure</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">supply</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">taxpayer</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">identification</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">number</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">if</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">required</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">do</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">so,</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">minimum investment required, or to pay when due for the purchase of Shares issued to him.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">To the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">extent permitted by law, the Trustees may retain the proceeds of any redemption of Shares required by</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">them</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">payment</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">amounts</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">due</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">owing</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or Class</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">governmental authority.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Notwithstanding the foregoing, the Trustees may postpone payment of the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">redemption</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">price</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">suspend</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">right</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">require</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">redeem</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">during</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">period</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">when</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">extent</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">permissible</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">1940</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Act.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 3. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Determination of Net Asset Value</font><font style="font-size:10pt;font-family:'Times New Roman';">. The Trustees shall cause the Net Asset Value of</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">determined</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">manner</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">consistent</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">applicable</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">laws and regulations.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees may delegate the power and duty to determine Net Asset Value per</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Share to one or more Trustees or officers of the Trust or to a custodian, depository or other agent</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">appointed</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">purpose.</font><font style="letter-spacing:1.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">Net</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">Asset</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">Value</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">determined</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">separately</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">at</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">times</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">prescribed</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or,</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">absence</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">action</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees,</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-2.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">close</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">trading</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">New</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">York</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Stock</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Exchange</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">last</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">day</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">week.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">4.</font><font style="letter-spacing:2pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Suspension</font><font style="text-decoration:underline;letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">of</font><font style="text-decoration:underline;letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Right</font><font style="text-decoration:underline;letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">of</font><font style="text-decoration:underline;letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Redemption</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:1.9pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">If,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">referred</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">2</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Article,&#160;</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">suspension</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">take</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">effect</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">specify,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">but</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">later</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">than</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">close</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of business on the business day next following the declaration of suspension.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Thereafter Shareholders</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">right</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">redemption</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">suspended,</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">withdraw</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">his</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">request</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">redemption.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">ARTICLE<font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">VII</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">SHAREHOLDERS&#8217;<font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">VOTING</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">POWERS</font><font style="letter-spacing:1.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">AND</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">MEETINGS</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 1. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Voting Powers</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Subject to the voting rights established with respect to a particular</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class in the By-Laws or the resolutions establishing such Class, the Shareholders shall have power to vote</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">only</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">(a)</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">election</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">2</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Article;&#160;</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">(b)</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">removal</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees as provided in Article II, Section 5(a); (c) any investment advisory or management contract to</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">extent</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">required</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">1940</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Act;</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">(d)</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">amendment</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">extent</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provided</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in Article IX, Section 10; (e) the conversion of the Trust to an open-end investment company to the extent</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in Article</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">IX,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">5;</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">(f)</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">reorganization</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">extent</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Article&#160;</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">IX,</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Section 6; (g) to approve a transaction subject to Article IX, Section 7, and (h) such additional matters</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">relating to the Trust as may be required by the 1940 Act or any registration of the Trust with the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Commission</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">State,</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">consider</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">desirable.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On<font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">matter</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">submitted</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders,</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">voted by individual Series or Class, except (a) as provided with respect to a particular Class in the By-</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">Laws</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">resolutions</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">establishing</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class,</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(b)</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">when</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">required</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">1940</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Act,</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">voted</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">aggregate</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">individual</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(c)</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">when</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">have</font><font style="letter-spacing:2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">determined</font><font style="letter-spacing:2.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">matter</font><font style="letter-spacing:2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">affects</font><font style="letter-spacing:2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the&#160;&#160;interests</font><font style="letter-spacing:2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of&#160;&#160;more</font><font style="letter-spacing:2.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">than&#160;&#160;one</font><font style="letter-spacing:2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:2.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class,</font><font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">then</font><font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Classes</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereon.</font><font style="letter-spacing:1.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">As</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">determined</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">without the vote or consent of shareholders and except as provided with respect to a particular Class in the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">By-Laws or the resolutions establishing such Class, on any matter submitted to a vote of Shareholders</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">either</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(i)</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">whole</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Share</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Security</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">matter</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">it</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is entitled to vote and each fractional Share or Preferred Security shall be entitled to a proportionate</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">fractional vote or (ii) each dollar of net asset value (number of Shares owned times net asset value per</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">share of such Series or Class, as applicable) shall be entitled to one vote on any matter on which such</font><font 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style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proportionate</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">fractional</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Without limiting the power of the Trustees in any way to designate otherwise in accordance with</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">preceding</font><font style="letter-spacing:-0.55pt;font-family:'Times New 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style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">whole</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Share</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Security</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> 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style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">it</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">fractional</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Share or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Security shall be entitled to a proportionate fractional vote.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">There shall be no cumulative voting in the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">election</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees.</font><font style="letter-spacing:2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">voted</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">person</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proxy</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">manner</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">By-Laws.</font><font style="letter-spacing:2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">By-Laws</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provide</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that proxies</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">given</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">electronic or</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">telecommunications</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">device</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">manner,</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">but</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">if</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proposal</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">anyone</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">than</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">officers</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">submitted</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class,</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">if</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">there</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proxy</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">contest</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-family:'Times New 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Roman';">proxy.</font><font style="letter-spacing:1.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Until</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of<font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">issued,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exercise</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">rights</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">take</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any action required or permitted to be taken by Shareholders by law, this Declaration or the By-Laws.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Meetings of Shareholders shall be called and notice thereof and record dates therefor shall be given and</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">set</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">By-Laws.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Quorum; Required Vote</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">One-third of the Outstanding Securities of each Series or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class,</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">one-third</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Outstanding</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">person</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">proxy</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be a quorum for the transaction of business at a Shareholders&#8217; meeting with respect to such Series or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">adjournments. In addition, any meeting of Shareholders may be adjourned one or more times from time</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">chairman of</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">another</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time for</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">reason,</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">including</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">failure</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">quorum</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to be present at the meeting with respect to any proposal or the failure of any proposal to receive</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">sufficient</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">votes</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">approval,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">proposals</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">regardless</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">whether</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">action</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">has</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">been</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">taken</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">matters.</font><font style="letter-spacing:1.9pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Any</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">adjourned</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">held</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">adjourned</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">times</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">more</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">than</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">ninety (90)</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">days beyond the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">originally scheduled meeting date.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Notice of adjournment</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of a</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders&#8217; meeting to another time or place need not be given, if such time and place (which shall</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">include</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">held</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">solely</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">means</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">remote</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">communications)</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">announced</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">meeting.</font><font style="letter-spacing:2.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Prior</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">upon</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">held,</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Board</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">President</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may postpone such meeting one or more times for any reason to a date not more than ninety (90) days</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">beyond</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">originally</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">scheduled</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">giving</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">notice</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">meeting so postponed of the place (which shall include a meeting held solely by means of remote</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">communications),</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hour</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">will</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">held.</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Such</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">notice</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">given</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">fewer</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">than</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">two</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">(2)</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">days</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">before</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">meeting.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">No<font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">new</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">record</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">need</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">fixed</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">postponed</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and/or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adjourned</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in this Section. If, after a postponement or adjournment, a new record date is fixed for the postponed or</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adjourned</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting,</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Secretary</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">give</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">notice</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:1.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">postponed</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adjourned</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-2.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of record entitled to vote at such meeting. If a quorum is present with respect to any one or more</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proposals, the chairman of the meeting may, but shall not be required to, cause a vote to be taken with</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proposal</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proposals</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">can</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">certified</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">final</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">effective</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">notwithstanding</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adjournment</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">respect</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proposal</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proposals.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Except when a larger vote is required by the 1940 Act, this Declaration or the By-Laws, a<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority of the Shares and Preferred Securities, each voting as a separate class and voting together as a</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">single</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">class,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">voting</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders&#8217;</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">meeting</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">person</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proxy</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">decide</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">matters</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">voted</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">upon with respect to the entire Trust and a plurality of such Shares and Preferred Securities shall elect a</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustee; provided, that if this Declaration or applicable law permits or requires that Shares or Preferred</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities be voted on any matter by individual Series or Classes, then a majority of the Shares or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred Securities of that Series or Class (or, if required by law, a majority of the Shares or Preferred</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities outstanding and entitled to vote of that Series or Class) voting at the meeting in person or by</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">proxy</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">matter</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">decide</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">matter</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">insofar</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">concerned.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 3. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Record Dates</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">For the purpose of determining the Shareholders of any Series (or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Class)</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">who</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">receive</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">payment</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">dividend</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">distribution,</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">fix</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">date,</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">before</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">payment</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">dividend</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">24&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">payment,<font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">record</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">determining</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class)</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">having</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">right</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">receive such dividend or distribution.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Without fixing a record date, the Trustees may for distribution</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">purposes close the register or transfer books for one or more Series (or Classes) any time prior to the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">payment of a distribution.</font><font style="letter-spacing:2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Nothing in</font><font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section shall be construed as precluding the Trustees from</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">setting</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">different</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">record</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">dates</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">different</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(or</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Classes).</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Additional Provisions</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The By-Laws and, for the avoidance of doubt, any Series</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Designation</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">include</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">further</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provisions</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders&#8217;</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">votes</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">meetings</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">related</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">matters.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">ARTICLE<font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">VIII</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">EXPENSES<font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">OF</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">THE</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">TRUST</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">AND</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">SERIES</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 1. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Payment of Expenses by the Trust</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Subject to Article V, Section 4, the Trust or a</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">particular Series shall pay, or shall reimburse the Trustees from the assets belonging to all Series or the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">particular Series, for their expenses (or the expenses of a Class of such Series) and disbursements,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">including,</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">but</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">limited</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">interest</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">charges,</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">taxes,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">brokerage</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">fees</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">commissions;</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">expenses</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">issue,</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">repurchase and redemption of Shares and Preferred Securities; insurance premiums; applicable fees,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">interest charges and expenses of third parties, including the Trust&#8217;s investment advisers, managers,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">administrators, distributors, custodians, transfer agents and fund accountants; fees of pricing, interest,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">dividend,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">credit</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">reporting</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">services;</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">costs</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">membership</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">trade</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">associations;</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">telecommunications expenses; funds transmission expenses; auditing, legal and compliance expenses;</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">costs</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">forming</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">its</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">maintaining</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">its</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">existence;</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">costs</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">preparing</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">printing</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">prospectuses of the Trust and each Series, statements of additional information and Shareholder/Preferred</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Holder reports and delivering them to Shareholders and Preferred Holders; expenses of meetings of</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders and Preferred Holders and proxy solicitations therefor; costs of maintaining books and</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">accounts; costs of reproduction, stationery and</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">supplies; fees</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and expenses of</font><font style="letter-spacing:2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the Trustees; compensation</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of the Trust&#8217;s officers and employees and costs of other personnel performing services for the Trust or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">Series;</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">costs</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">meetings;</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Commission</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">registration</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">fees</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">related</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">expenses;</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">state</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">foreign</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities laws registration fees and related expenses; and for such non-recurring items as may arise,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">including</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">litigation</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">(or</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a Trustee</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">officer</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">acting</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as such)</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">party, and for all losses and liabilities by them incurred in administering the Trust.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees shall</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have a lien on the assets belonging to the appropriate Series, or in the case of an</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">expense allocable to</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">than</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Series,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">prior</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">rights</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">interests</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and Preferred Holders thereto, for the reimbursement to them of such expenses, disbursements, losses and</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">liabilities.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Payment of Expenses by Shareholders</font><font style="font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">and Preferred Holders</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The Trustees shall</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">have</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">power,</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">frequently</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">they</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">determine,</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">cause</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Holder,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">each Shareholder or Preferred Holder of any particular Series, to pay directly, in advance or arrears, for</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">charges</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust&#8217;s</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">custodian</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">transfer,</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shareholder</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">servicing</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">similar</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agent,</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">amount</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">fixed</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">time</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">setting</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">off</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">charges</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">due</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Holder</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from declared but unpaid dividends owed such Shareholder or Preferred Holder and/or by reducing the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">number</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">account</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Holder</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">number<font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">full</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and/or</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">fractional</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">represents</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">outstanding</font><font style="letter-spacing:0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amount</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">charges</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">due</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Holder.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:10pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">ARTICLE IX<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">MISCELLANEOUS</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">1.</font><font style="letter-spacing:2.05pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="text-decoration:underline;letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Not</font><font style="text-decoration:underline;letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">a Partnership</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">This Declaration creates</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">trust</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a partnership.</font><font style="letter-spacing:2.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">No</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Trustee<font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">have</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">power</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">bind</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">personally</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">either</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust&#8217;s</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">officers</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholder.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Trustee</font><font style="text-decoration:underline;letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Action</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">exercise</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">their</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">powers</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">discretion</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">upon everyone interested.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Subject to the provisions of Article IV, the Trustees shall not be liable for</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">errors</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">judgment</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">mistakes</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">fact</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">law.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 3. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Record Dates</font><font style="font-size:10pt;font-family:'Times New Roman';">. The Trustees may fix in advance a date up to ninety (90) days before</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholders&#8217;</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">meeting,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">payment</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">dividends</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">distributions,</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or the date for the allotment of rights, or the date when any change or conversion or exchange of Shares</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or Preferred Securities shall go into effect as a record date for the determination of the Shareholders</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">notice</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">at,</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">meeting,</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">receive</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">payment</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">dividend</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other distribution, or to receive any such allotment of rights, or to exercise such rights in respect of any</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">change,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">conversion</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">exchange</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Securities.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">4.</font><font style="letter-spacing:1.2pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Termination</font><font style="text-decoration:underline;letter-spacing:0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">of</font><font style="text-decoration:underline;letter-spacing:0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">the</font><font style="text-decoration:underline;letter-spacing:0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This<font style="letter-spacing:1.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:1.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:1.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">have</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">perpetual</font><font style="letter-spacing:1.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">existence</font><font style="letter-spacing:1.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">subject</font><font style="letter-spacing:1.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:1.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:1.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provisions</font><font style="letter-spacing:1.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:1.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">4.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The<font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:0.9pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">dissolved</font><font style="letter-spacing:0.9pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">terminated</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">by<font style="letter-spacing:1.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:1.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">affirmative</font><font style="letter-spacing:1.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:1.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:1.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:1.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">less</font><font style="letter-spacing:1.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">than</font><font style="letter-spacing:1.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">three-quarters</font><font style="letter-spacing:1.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:1.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:1.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:1.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">then</font><font style="letter-spacing:1.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:1.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">office</font><font style="letter-spacing:1.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:1.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">written</font><font style="letter-spacing:-2.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">notice to the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders and Preferred</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Holders.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">connection</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">subsection</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(b)</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:2.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">extent</font><font style="letter-spacing:2.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">appropriate</font><font style="letter-spacing:2.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">connection with a reorganization as provided in Article IX, Section 6, upon making reasonable</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provision</font><font style="letter-spacing:0.9pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">payment</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:0.9pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">known</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">liabilities</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:0.9pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.8pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">affected</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:0.9pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Classes,</font><font style="letter-spacing:-2.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by such assumption or otherwise, the Trustees shall, subject to any liquidation preference in any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities Designation, distribute the remaining proceeds or assets (as the case may be) ratably</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">among the Shareholders of Shares of all Series or any affected Series or Classes; however, the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">payment to any particular Class of such Series may be reduced by any fees, expenses or charges</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">allocated to that Class.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Upon completion of the distribution of the remaining proceeds or assets<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">pursuant to subsection (c) above, the Trust or affected Series or Classes shall terminate and the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:0.9pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:1.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:1.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:1.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">discharged</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:1.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:1.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">further</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">liabilities</font><font style="letter-spacing:1.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">duties</font><font style="letter-spacing:1.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereunder</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">26&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p><p style="page-break-before:always;"></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">with respect thereto and the right, title and interest of all parties therein shall be canceled and<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">discharged.&#160;&#160; Upon termination of the Trust, following completion of winding up of its business,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the Trustees shall cause a certificate of cancellation of the Trust&#8217;s certificate of trust to be filed in</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">accordance with the Delaware Act, which certificate of cancellation may be signed by any one</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustee.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 5. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Conversion to an Open-End Investment Company</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Notwithstanding any other</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provisions of this Declaration or the By-Laws of the Trust, a favorable vote of a majority of the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Continuing Trustees then in office followed by the favorable vote of the holders of not less than three-</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">quarters of the Shares of each affected Class or Series outstanding, voting as separate classes or series,</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">required</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">approve,</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">adopt</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">authorize</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">amendment</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">makes</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">&#8220;redeemable</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">security&#8221;</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">term</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">defined</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">1940</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Act,</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">unless</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">amendment</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">has</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">been</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">approved</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">three-quarters</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Continuing</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees,</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">case</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">approval</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">majority</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">outstanding and entitled to vote shall be required.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Upon the adoption of a proposal to convert the Trust</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">from</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">&#8220;closed-end</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">company&#8221;</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">&#8220;open-end</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">company&#8221;</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">those</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">terms</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">defined</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">1940</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Act</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the necessary amendments to this Declaration to permit such a conversion of the Trust&#8217;s outstanding</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">vote,</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">upon</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">complying</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">requirements of</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">1940</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Act</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">state</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">law,</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">become</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">&#8220;open-end&#8221;</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">investment</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">company.</font><font style="letter-spacing:1.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Such</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">affirmative</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">consent</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">addition</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">consent</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">holders</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">otherwise</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">required</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">law,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">agreement</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">between</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">national</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">exchange.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">6.</font><font style="letter-spacing:1.4pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Reorganization</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Except<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">clause (b)</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section 6</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in&#160;&#160;Section&#160;&#160;7&#160;&#160;of&#160;&#160;this</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Article IX, subject to the affirmative vote of not less than three-quarters of the Outstanding Shares and not&#160;</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">less than three-quarters of the outstanding Preferred Securities, in each case entitled to vote of the Trust or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">affected</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">voting</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">separate</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">classes</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">voting</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">together</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">single</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">class,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">merge</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or consolidate with any other corporation, association, trust or other organization or may sell, lease or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exchange</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">substantially</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Property</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">property,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">including</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">its</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">good</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">will,</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">upon</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">terms</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">conditions</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">consideration</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">when</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">authorized</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Continuing</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees; provided however, if at least three-quarters of the Continuing Trustees then in office have</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">approved</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">transaction,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">then</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">actions</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">approved</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">affirmative</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">Outstanding</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">outstanding</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Preferred</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Securities,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">case</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">affected</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series,</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">voting</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">separate</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">classes</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">voting</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">together</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">single</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">class.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Notwithstanding anything else herein, to change the Trust&#8217;s form or place of<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">organization a majority of the Continuing Trustees may, without Shareholder approval unless such</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">approval is required by applicable law, (i) cause the Trust to merge or consolidate with or into one or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entities,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">if</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">surviving</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">resulting</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entity</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">corporation,</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">association,</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trust</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">organization,</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">series</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof,</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(ii)</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">cause</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exchanged</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">pursuant</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">state</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or federal statute to the extent permitted by law, or (iii) cause the Trust to incorporate under the laws of</font><font style="letter-spacing:-2.5pt;font-family:'Times 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</font><font style="font-family:'Times New Roman';">means</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">valid.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">27&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to and in accordance with the provisions of Section 3815(f) of the<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Delaware Act, an agreement of merger or consolidation approved by the Continuing Trustees, and if</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">applicable,</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">accordance</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">6</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">effect</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or effect the adoption of a new trust instrument of the Trust if it is the surviving or resulting trust in the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">merger</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">consolidation.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Continuing Trustees may create one or more statutory trusts to which all or<font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any part of the assets, liabilities, profits or losses of the Trust or any Series or Class thereof may be</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">transferred</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provide</font><font style="letter-spacing:0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">conversion</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or Class</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">into</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">beneficial</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">interests</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">newly</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">created</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trust</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trusts</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">series</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">classes</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">7.</font><font style="letter-spacing:1.35pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Certain</font><font style="text-decoration:underline;letter-spacing:0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Transactions</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Notwithstanding any other provision of this Declaration and subject to the<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exceptions</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">paragraph</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(d)</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">types</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">transactions</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">described</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in paragraph</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(c)</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this Section shall require the affirmative vote or</font><font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">consent of</font><font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a majority of</font><font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the Continuing Trustees then</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in office followed by the affirmative vote or consent of holders of not less than three-quarters of the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares of each affected Class or Series outstanding, votes voting as separate classes or series, when a</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Principal Shareholder (as defined in paragraph (b) of this Section) is a party to the transaction.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Such</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">affirmative vote or consent shall be in addition to the vote or consent of the holders of Shares otherwise</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">required by law or by the terms of any Class or Series of preferred stock, whether now or hereafter</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">authorized,</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agreement</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">between</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">national</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">securities</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exchange.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The term &#8220;Principal Shareholder&#8221; shall mean any corporation, Person or other<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entity which is the beneficial owner, directly or indirectly, of five percent (5%) or more of the outstanding</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares of any Class or Series and shall include any affiliate or associates, as such terms are defined in</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">clause (ii) below, of a Principal Shareholder.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">For the purpose of this Section, in addition to the Shares</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">corporation,</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">Person</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">entity</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">beneficially</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">owns</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">directly,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(a)</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">corporation,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Person</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entity shall be deemed to be the beneficial owner of any Shares (i) which it has the right to acquire</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">pursuant</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times 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style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">rights</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">warrants,</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">otherwise</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(but</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">excluding</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">share</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">options</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">granted</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust) or</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(ii)</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">beneficially</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">owned, directly</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or indirectly</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(including</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';">deemed</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">owned</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">through</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">application</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">clause</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(i)</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">above,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">corporation,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Person</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entity</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">its</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">&#8220;affiliate&#8221;</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">&#8220;associate&#8221;</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(as</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">defined</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">below)</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">has</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agreement,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">arrangement</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">understanding for the purpose of acquiring, holding, voting or disposing of Shares, of which is its</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">&#8220;affiliate&#8221; or &#8220;associate&#8221; as those terms are defined in Rule 12b-2 of the General Rules and Regulations</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">under the Securities Exchange Act of 1934, and (b) the outstanding Shares shall include Shares deemed</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">owned</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">through</font><font style="letter-spacing:0.9pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">application</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:1.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">clauses</font><font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(i)</font><font style="letter-spacing:0.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:0.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(ii)</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">above</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">but</font><font style="letter-spacing:0.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:0.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:0.85pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">include</font><font style="letter-spacing:0.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:0.9pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:0.9pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:0.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-2.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">issuable</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">pursuant</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agreement,</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">upon</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exercise</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">conversion</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">rights</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">warrants,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">otherwise.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This<font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">apply</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">following</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">transactions:</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The<font style="letter-spacing:0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">merger</font><font style="letter-spacing:0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">consolidation</font><font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">subsidiary</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-2.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">into</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Principal</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholder.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">28&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p><p style="page-break-before:always;"></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:8.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The issuance of any securities of the Trust to any Principal Shareholder<font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">cash</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(other</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">than</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">pursuant</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">automatic</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">dividend</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">reinvestment</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">plan).</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The sale, lease or exchange to the Trust or any subsidiary thereof, in<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exchange for securities of the Trust, of any assets of any Principal Shareholder (except</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">having</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font 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</font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">sold,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">leased</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exchanged</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">series</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">similar</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">transactions</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">within</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">twelve-month</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">period.)</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The sale, lease or exchange to the Trust or any subsidiary thereof, in<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exchange for securities of the Trust, of any assets of any Principal Shareholder (except</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">having</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font 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</font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">sold,</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">leased</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exchanged</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font 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Roman';"> </font><font style="font-family:'Times New Roman';">period).</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The provisions of this Section shall not be applicable to (i) any of the transactions<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">described in paragraph (c) of this Section if three-quarters of the Continuing Trustees shall by resolution</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">have approved a memorandum of understanding with such Principal Shareholder with respect to and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">substantially consistent with such transaction, in which case approval by the vote of a majority of the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">outstanding</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">only</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">required</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section,</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(ii) any such transaction with any entity of which a majority of the outstanding shares of all classes and<font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">series of a stock normally entitled to vote in elections of directors is owned of record or beneficially by</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">its</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">subsidiaries.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Board of Trustees shall have the power and duty to determine for the<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">purposes</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">basis</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">information</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">known</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">whether</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(i)</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">corporation,</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">person</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entity</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">beneficially</font><font style="letter-spacing:0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">owns</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">five</font><font style="letter-spacing:0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">percent</font><font style="letter-spacing:0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(5%)</font><font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">more</font><font style="letter-spacing:0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">outstanding</font><font style="letter-spacing:0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series,</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(ii) a corporation, person or entity is an &#8220;affiliate&#8221; or &#8220;associate&#8221; (as defined above) of another, (iii) the<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">being</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">acquired</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">leased</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">subsidiary</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereof</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">constitute</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">substantial</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">part</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the assets of the Trust and have an aggregate fair market value of less than $1,000,000, and (iv) the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">memorandum of understanding referred to in paragraph (d) hereof is substantially consistent with the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">transaction</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">covered</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereby.</font><font style="letter-spacing:2.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Any</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">determination</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">conclusive</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">binding</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">purposes</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 8. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Declaration of Trust</font><font style="font-size:10pt;font-family:'Times New Roman';">. The original or a copy of this Declaration of Trust and of each</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">amendment hereto or Declaration of Trust supplemental shall be kept at the office of the Trust where it</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may be inspected by any Shareholder.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Anyone dealing with the Trust may rely on a certificate by a</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustee or an officer of the Trust as to the authenticity of the Declaration of Trust</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or any such</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">amendments or supplements and as to any matters in connection with the Trust.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The masculine gender</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">herein</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">include</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">feminine</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">neuter</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">genders.</font><font style="letter-spacing:1.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Headings</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">herein</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">convenience</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">only</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">affect</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">construction</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust.</font><font style="letter-spacing:1.7pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">This</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">executed</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">number</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">counterparts,</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">deemed</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">original.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 9. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Applicable Law</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">This Declaration and the Trust created hereunder are governed by</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">construed</font><font style="letter-spacing:0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">administered</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">according</font><font style="letter-spacing:0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Delaware</font><font style="letter-spacing:0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Act</font><font style="letter-spacing:0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">applicable</font><font style="letter-spacing:0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">laws</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">State</font><font style="letter-spacing:0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Delaware; provided, however, that there shall not be applicable to the Trust, the Trustees or this<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration of Trust (a) the provisions of Section 3540 of Title 12 of the Delaware Code, or (b) any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provisions of the laws (statutory or common) of the State of Delaware (other than the Delaware Act)</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">pertaining to trusts which relate to or regulate (i) the filing with any court or governmental body or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agency of trustee accounts or schedules of trustee fees and charges, (ii) affirmative requirements to post</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">bonds</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trustees,</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">officers,</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">agents</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">employees of</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trust,</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(iii)</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the necessity</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">obtaining</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">court</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">governmental</font><font style="letter-spacing:0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">approval</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">concerning</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">acquisition,</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">holding</font><font style="letter-spacing:0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">disposition</font><font style="letter-spacing:0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">real</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">personal</font><font style="letter-spacing:0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">property,</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">fees or other sums payable to trustees, officers, agents or employees of a trust, (v) the allocation of<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">receipts and expenditures to income or principal, (vi) restrictions or limitations on the permissible nature,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amount or concentration of trust investments or requirements relating to the titling, storage or other</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">manner</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">holding</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trust</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">assets,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(vii) the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">establishment</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">fiduciary</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">other</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">standards</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">responsibilities</font><font style="letter-spacing:-0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">limitations</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">acts</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.7pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">powers</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trustees,</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">inconsistent</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">limitations</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or liabilities or authorities and powers of the Trustees set forth or referenced in this Declaration.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust shall be of the type commonly called a Delaware statutory trust, and, without limiting the provisions</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hereof,</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exercise</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">all</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">powers</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">ordinarily</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exercised</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">by</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trust</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Delaware</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">law.</font><font style="letter-spacing:1.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">specifically</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">reserves</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">right</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">exercise</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">powers</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">privileges</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">afforded</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trusts</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or actions that may be engaged in by trusts under the Delaware Act, and the absence of a specific</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">reference herein to any such power, privilege or action shall not imply that the Trust may not exercise</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">power</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">privilege</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">take</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">actions.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">10.</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Amendments</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Trustees may, without any Shareholder vote, amend or otherwise supplement<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this Declaration by making an amendment, a Declaration of Trust supplemental hereto or an amended and</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">restated</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trust</font><font style="letter-spacing:1.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">instrument;</font><font style="letter-spacing:0.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided,</font><font style="letter-spacing:1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:1.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:1.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">have</font><font style="letter-spacing:1.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">right</font><font style="letter-spacing:1.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:1.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">on</font><font style="letter-spacing:1.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:1.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">which would affect the voting rights of Shareholders granted in Article VII, Section l, (b) to this<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section 10, (c) required to be approved by Shareholders by the 1940 Act or by the Trust&#8217;s registration</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">statement(s) filed with the Commission or any State, and (d) submitted to them by the Trustees in their</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">discretion.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Any amendment submitted to Shareholders which the Trustees determine would affect the</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders of any Series shall be authorized by vote of the Shareholders of such Series and no vote</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall be required of Shareholders of a Series not affected.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Notwithstanding anything else herein, any</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment to Article IV which would have the effect of reducing the indemnification and other rights</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">provided thereby to Trustees, officers, employees, and agents of the Trust or to Shareholders or former</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders,</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">repeal</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">sentence</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">require</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">affirmative</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">holders of two-thirds of the Outstanding Shares of the Trust entitled to vote thereon and no such</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">effect</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">right</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">indemnification of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">person who</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">no</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">longer</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustee,</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Officer or</font><font style="letter-spacing:-2.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">employee or agent at the time of such amendment or of any person with respect to any act or omission</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">taken</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">omitted</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">prior</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adoption</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">enactment</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">repeal.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Trustees may not amend this Declaration of Trust to eliminate the rights of<font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders of any Class or Series as set forth in this Section 10(b) to vote on any amendment of this</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration of Trust or the By-Laws or alter or amend the percentage of voting Shares required to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">approve any amendment or action which requires a specific Shareholder vote under this Declaration of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">By-Laws</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">unless</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">equivalent</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">has</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">authorized</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">an</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">By-Laws.</font><font style="letter-spacing:1.95pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Any</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">which</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adversely</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">affects</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">holders</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">one</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">more</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Classes</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">30&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12966669/2&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of<font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">require</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">holding</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shares</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">each</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Series</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">so</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">adversely</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">affected</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">entitled</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">thereon</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">no</font><font style="letter-spacing:-0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">vote</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of Shareholders</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">or Series</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">so adversely affected shall be required, except that any amendment of any provision of Article IX,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Sections 5, 6 or 7 shall require the vote of the Shareholders holding three-quarters of the Shares of each</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Class and Series entitled to vote thereon, regardless of the percentage of Trustees recommending such</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">amendment.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 11. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Derivative Actions</font><font style="font-size:10pt;font-family:'Times New Roman';">. In addition to the requirements set forth in Section 3816 of the</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Delaware Act, a Shareholder may bring a derivative action on behalf of the Trust only if the following</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">conditions</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">met:</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Shareholder or Shareholders must make a<font style="letter-spacing:2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">pre-suit demand upon the Trustees</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to bring the subject action unless an effort to cause the Trustees to bring such an action is not likely to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">succeed.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">For purposes of this Section 11(a), a demand on the Trustees shall only be deemed not likely to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">succeed and therefore excused if a majority of the Board of Trustees, or a majority of any committee</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">established to consider the merits of such action, is composed of Trustees who are not &#8220;independent</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trustees&#8221;</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">(as</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">term</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">defined</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Delaware</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Act).</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Unless<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">demand</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">is</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">required</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">under</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">paragraph (a)</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section 11,</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholders</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">eligible</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">bring</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">derivative</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">action</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">under</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Delaware</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Act</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">who</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">hold</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">at</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">least</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">10%</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.65pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Outstanding Shares of the Trust, or 10% of the Outstanding Shares of the Series or Class to which such</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">action</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">relates,</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">join</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">in</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">request</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">for</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">commence</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">action;</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Unless a demand is not required under paragraph (a) of this Section 11, the<font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees must be afforded a reasonable amount of time to consider such shareholder request and to</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">investigate the basis of such claim.</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">The Trustees shall be entitled to retain counsel or other advisers in</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">considering the merits of the request and shall require an undertaking by the Shareholders making such</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">request to reimburse the Trust for the expense of any such advisers in the event that the Trustees</font><font style="letter-spacing:0.05pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">determine</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">not</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">bring</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">action.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For<font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">purposes</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">this</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Section</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">11,</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Board</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">designate</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">committee</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">one</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">consider</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">demand</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">if</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">necessary</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">create</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">committee</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.15pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">majority</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-2.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">who</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">are</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">independent</font><font style="letter-spacing:-0.1pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">trustees.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section<font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">12.</font><font style="letter-spacing:2.05pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Fiscal</font><font style="text-decoration:underline;letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Year</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:1.85pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">fiscal</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">year</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">end</font><font style="letter-spacing:-0.3pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">on</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">a</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">specified</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">date</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">as</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">set</font><font style="letter-spacing:-0.25pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">forth</font><font style="letter-spacing:-0.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">By-Laws.</font><font style="letter-spacing:1.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">may</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">change</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">fiscal</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">year</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">without</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Shareholder</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">approval.</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9.5pt;">&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:11pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 13. <font style="text-decoration:underline;font-size:10pt;font-family:'Times New Roman';">Severability</font><font style="font-size:10pt;font-family:'Times New Roman';">.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">The provisions of this Declaration are severable.</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">If the Trustees</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">determine,</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">advice</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">counsel,</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">that</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provision</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hereof</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">conflicts</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">1940</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Act,</font><font style="letter-spacing:-0.65pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:-0.45pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">regulated</font><font style="letter-spacing:-2.5pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">investment</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">company provisions</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">of</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Internal</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Revenue</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Code</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">with</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">other</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">applicable laws</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">and</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">regulations, the conflicting provision shall be deemed never to have constituted a part of this Declaration;</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provided, however, that such determination shall not affect any of the remaining provisions of this</font><font style="letter-spacing:0.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">Declaration</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">render</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">invalid</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">improper</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-0.2pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">action</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">taken</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:-0.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">omitted</font><font style="letter-spacing:-0.6pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">prior</font><font style="letter-spacing:-0.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">to</font><font style="letter-spacing:-0.4pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:-0.35pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">determination.</font><font style="letter-spacing:1.9pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">If</font><font style="letter-spacing:-0.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:-2.55pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">provision</font><font style="letter-spacing:1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">hereof</font><font style="letter-spacing:1.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">shall</font><font style="letter-spacing:1.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">be</font><font style="letter-spacing:0.95pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">held</font><font style="letter-spacing:1.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">invalid</font><font style="letter-spacing:1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font><font style="letter-spacing:1.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">unenforceable</font><font style="letter-spacing:1.15pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">in</font><font style="letter-spacing:1.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">any</font><font style="letter-spacing:0.95pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">jurisdiction,</font><font style="letter-spacing:1.05pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">such</font><font style="letter-spacing:1.1pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">invalidity</font><font style="letter-spacing:0.85pt;font-size:10pt;font-family:'Times New Roman';"> </font><font style="font-size:10pt;font-family:'Times New Roman';">or</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:''; font-weight:bold;font-size:11pt;font-family:'Times New Roman';font-style:normal;text-transform:none;font-variant: normal;">IN<font style="letter-spacing:2.2pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">WITNESS</font><font style="letter-spacing:2.25pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">WHEREOF</font><font style="font-weight:normal;font-family:'Times New Roman';">,</font><font style="letter-spacing:2.2pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">the</font><font style="letter-spacing:2.15pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">undersigned</font><font style="letter-spacing:2.1pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">being</font><font style="letter-spacing:2.05pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">all</font><font style="letter-spacing:2.2pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">the</font><font style="letter-spacing:2.15pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">Trustees</font><font style="letter-spacing:2.1pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">of</font><font style="letter-spacing:2.2pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">the</font><font style="letter-spacing:2.15pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">Trust</font><font style="letter-spacing:2.2pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">have</font><font style="letter-spacing:-2.6pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">executed</font><font style="letter-spacing:0.2pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">this</font><font style="letter-spacing:0.25pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">instrument</font><font style="letter-spacing:0.25pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">as</font><font style="letter-spacing:0.25pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">Trustee</font><font style="letter-spacing:0.25pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">and</font><font style="letter-spacing:0.25pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">not</font><font style="letter-spacing:0.25pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">individually</font><font style="letter-spacing:0.25pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">and</font><font style="letter-spacing:0.2pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">as</font><font style="letter-spacing:0.25pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">of</font><font style="letter-spacing:0.25pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">the</font><font style="letter-spacing:0.25pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">date</font><font style="letter-spacing:0.25pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">first</font><font style="letter-spacing:0.25pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">written</font><font style="letter-spacing:0.25pt;font-weight:normal;font-family:'Times New Roman';"> </font><font style="font-weight:normal;font-family:'Times New Roman';">above.</font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:14.5pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ <font style="font-size:12pt;font-family:'Times New Roman';">John</font><font style="font-size:12pt;letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-size:12pt;font-family:'Times New Roman';">P.</font><font style="font-size:12pt;letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-size:12pt;font-family:'Times New Roman';">Calamos,</font><font style="font-size:12pt;letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-size:12pt;font-family:'Times New Roman';">Sr.</font><font style="font-size:12pt;letter-spacing:-0.7pt;font-family:'Times New Roman';"> </font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">John<font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">P.</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Calamos,</font><font style="letter-spacing:-0.6pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Sr.</font><font style="letter-spacing:-0.7pt;font-family:'Times New Roman';"> </font>&#160;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:''; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Karen<font style="letter-spacing:-0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">L.</font><font style="letter-spacing:-0.75pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Stuckey</font>&#160;</p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>ITEM 405 REG S-K
<SEQUENCE>6
<FILENAME>chi_g1biv.htm
<DESCRIPTION>CHI G.1.B.IV
<TEXT>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:'Times New Roman'; color:#000000;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">DELINQUENT SECTION 16(A) REPORTS&#160;&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:'Times New Roman'; color:#000000;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 30(h) of the 1940 Act and Section 16(a) of the Exchange Act require the Funds' trustees and officers, investment adviser, affiliated persons of the investment adviser and persons who own more than 10% of a registered class of the Funds' equity securities to file forms reporting their affiliation with the Fund(s) and reports of ownership and changes in ownership of the Funds' shares with the SEC. Those persons and entities are required by SEC regulation to furnish the Funds with copies of any Section 16(a) form they file. Based on a review of those forms furnished to the Funds, the Funds believe that their trustees and officers, investment adviser, and persons who own more than 10% of a registered class of the Funds&#8217; equity securities have complied with all applicable Section 16(a) filing requirements during the last fiscal year, except for the following: MetLife Investment Management, LLC filed late Form 3 on May 26, 2022, to disclose ownership of mandatory redeemable preferred shares of CHI acquired on August 24, 2021.&#160;</p></body>
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