<SEC-DOCUMENT>0001752724-22-155181.txt : 20220712
<SEC-HEADER>0001752724-22-155181.hdr.sgml : 20220712
<ACCEPTANCE-DATETIME>20220712101903
ACCESSION NUMBER:		0001752724-22-155181
CONFORMED SUBMISSION TYPE:	N-CEN
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20220430
FILED AS OF DATE:		20220712
DATE AS OF CHANGE:		20220712
EFFECTIVENESS DATE:		20220712

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIASSETS FUND, INC.
		CENTRAL INDEX KEY:			0000901243
		IRS NUMBER:				223239638
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-CEN
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07642
		FILM NUMBER:		221078434

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIASSETS FUND INC
		DATE OF NAME CHANGE:	19930714

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIINCOME FUND INC
		DATE OF NAME CHANGE:	19930517
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<DOCUMENT>
<TYPE>MATERIAL AMENDMENTS
<SEQUENCE>2
<FILENAME>NCEN_811-07642_22762515_0422.htm
<TEXT>

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<HEAD>
   <TITLE>mua-articlessuppvrdp.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=center style="margin:0in;margin-top:.95pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:11.0pt;vertical-align:baseline;">BLACKROCK MUNIASSETS FUND, INC.</font></b></p>

<p align=center style="margin:0in;margin-top:.95pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:11.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

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<p align=center style="margin:0in;margin-top:.95pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:11.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-top:.95pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:11.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-top:.95pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:11.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-top:.95pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:11.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-top:.95pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:11.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;vertical-align:baseline;">ARTICLES SUPPLEMENTARY</font></b></p>

<p align=center style="margin:0in;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;vertical-align:baseline;">ESTABLISHING AND FIXING THE RIGHTS AND PREFERENCES OF</font></b></p>

<p align=center style="margin:0in;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;vertical-align:baseline;">VARIABLE RATE DEMAND PREFERRED SHARES</font></b></p>









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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Table of Contents</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:.4pt;text-align:right;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Page</font></b></p>

<p style="margin-bottom:5.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face="times new roman bold" lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">PART I</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">........................................................................................................................................... 19</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">1.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Number of Authorized Shares................................................................................................ 19</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">2.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Dividends............................................................................................................................. 19</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">3.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Gross-Up Payments.............................................................................................................. 23</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">4.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Designation of Special Rate Periods....................................................................................... 23</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">5.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Voting Rights....................................................................................................................... 27</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">6.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Minimum VRDP Shares Asset Coverage................................................................................ 33</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">7.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">VRDP Shares Basic Maintenance Amount............................................................................. 33</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">8.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Restrictions on Dividends and Other
Distributions.................................................................. 33</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">9.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Rating Agency Restrictions................................................................................................... 35</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">10.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Redemption...................................................................................................................... 35</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">11.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Liquidation Rights............................................................................................................. 43</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">12.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Purchase Obligation.......................................................................................................... 44</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">13.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Miscellaneous................................................................................................................... 46</font></p>

<p style="margin-bottom:5.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face="times new roman bold" lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">PART II</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">......................................................................................................................................... 47</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">1.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Remarketing Procedures........................................................................................................ 47</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">2.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Remarketing Schedule........................................................................................................... 49</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">3.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Determination of Applicable Rate.......................................................................................... 52</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">4.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Failed Remarketing Condition............................................................................................... 53</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">5.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Purchase of VRDP Shares by Remarketing Agent................................................................... 53</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">6.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Notification of Allocations.................................................................................................... 53</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">7.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Transfers.............................................................................................................................. 54</font></p>

<p style="margin-bottom:5.0pt;margin-left:11.0pt;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">8.</font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Global Certificate................................................................................................................. 55</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-top:.4pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:11.25pt;text-decoration:none;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-top:.4pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:11.25pt;text-decoration:none;vertical-align:baseline;">&nbsp;</font></b></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;text-decoration:none;text-transform:uppercase;">BLACKROCK
MUNIASSETS FUND, INC.</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">ARTICLES SUPPLEMENTARY ESTABLISHING AND FIXING THE<br>
RIGHTS AND PREFERENCES OF<br>
VARIABLE RATE DEMAND PREFERRED SHARES</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">BlackRock MuniAssets Fund, Inc., a Maryland
corporation (the &#8220;Corporation&#8221;), hereby certifies to the State Department of
Assessments and Taxation of the State of Maryland that:</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">FIRST: Pursuant to authority expressly vested
in the Board of Directors of the Corporation by Article V of the Corporation&#8217;s
Charter, the Board of Directors has, by resolution duly adopted on December 15,
2021, reclassified 1,750 shares of authorized but unissued shares of common
stock of the Corporation as shares of preferred stock of the Corporation, par
value $0.10 per share, as Variable Rate Demand Preferred Shares (&#8220;VRDP
Shares&#8221;). The VRDP Shares may be issued in one or more series, as designated
and authorized by the Board of Directors or a duly authorized committee thereof
from time to time (each series of VRDP Shares that may be authorized and
issued, a &#8220;Series&#8221;).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">SECOND: The preferences (including liquidation
preference), voting powers, restrictions, limitations as to dividends,
qualifications, and terms and conditions of redemption, of the shares of each
Series of VRDP Shares are as follows or as set forth in an amendment to these
Articles Supplementary or otherwise in the Charter (each such Series being
referred to herein as a &#8220;Series of VRDP Shares&#8221;):</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">DESIGNATION</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Series W-7: A series of 1,750 shares of
preferred stock, par value $0.10 per share, liquidation preference $100,000 per
share, is hereby authorized and designated &#8220;Series W-7 Variable Rate Demand
Preferred Shares,&#8221; also referred to herein as &#8220;Series W-7 VRDP Shares.&#8221; Each
Series W-7 VRDP Share shall be issued on a date determined by the Board of Directors
of the Corporation or pursuant to their delegated authority; have an Applicable
Rate determined as provided in these Articles Supplementary; and have such
other preferences, voting powers, limitations as to dividends, qualifications
and terms and conditions of redemption, in addition to those required by
applicable law or as set forth in the Charter, as set forth in Parts I and II
of these Articles Supplementary. The Series W-7 VRDP Shares shall constitute a
separate series of preferred stock of the Corporation and each Series W-7 VRDP
Share shall be identical. Except as otherwise provided with respect to any
additional Series of VRDP Shares, the terms and conditions of these Articles
Supplementary apply to each Series of VRDP Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">DEFINITIONS</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">The following terms shall have the following
meanings (with terms defined in the singular having comparable meanings when
used in the plural and vice versa), unless the context otherwise requires:</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">1940 Act</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the Investment Company
Act of 1940, as amended.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Affected Series</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; shall have the
meaning specified in paragraph (c)(i) of Section 5 of Part I of these Articles
Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Agent Member</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means a Person with an
account at the Securities Depository that holds one or more shares of a Series
of VRDP Shares through the Securities Depository, directly or indirectly, for a
Beneficial Owner and that will be authorized and instructed, directly or
indirectly, by a Beneficial </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Owner to disclose
information to the Remarketing Agent and the Tender and Paying Agent with
respect to such Beneficial Owner.</font></p>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Alternate VRDP Shares Purchase Agreement</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;
means any agreement with a successor liquidity provider replacing the VRDP
Shares Purchase Agreement (or any replacement therefor) upon its termination in
accordance with its terms and containing a Purchase Obligation substantially
similar to the Purchase Obligation therein as determined by the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Applicable Base Rate</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means (i) with
respect to a Rate Period of fewer than forty-nine (49) days, the greater of (a)
the SIFMA Municipal Swap Index and (b) SOFR plus 0.15%, and (ii) with respect
to a Rate Period of forty-nine (49) or more days, SOFR plus 0.15%.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Applicable Percentage</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; shall have the
meaning set forth in the definition of the Maximum Rate.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Applicable Rate</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the dividend
rate per annum on any share of a Series of VRDP Shares for a Rate Period
determined as set forth in paragraph (e)(i) of Section 2 of Part I of these
Articles Supplementary or in the definition of &#8220;Maximum Rate,&#8221; as applicable.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Applicable Rate Determination</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means
each periodic operation of the process of determining the Applicable Rate for
the shares of a Series of VRDP Shares for a Subsequent Rate Period, as provided
in the VRDP Shares Remarketing Agreement and Part II of these Articles
Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Applicable Spread</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means, in
connection with the Maximum Rate for any Rate Period (and subject to adjustment
as described in the definition of Maximum Rate) (i) when there is not a Failed
Remarketing Condition, 200 basis points (2.00%), and (ii) while a Failed
Remarketing Condition has occurred or is continuing, 200 basis points (2.00%)
(up to 59 days of a continued Failed Remarketing Condition), 225 basis points
(2.25%) (sixty (60) days but fewer than ninety (90) days of a continued Failed
Remarketing Condition), 250 basis points (2.50%) (ninety (90) days but fewer
than 120 days of a continued Failed Remarketing Condition), 275 basis points
(2.75%) (120 days but fewer than 150 days of a continued Failed Remarketing
Condition), 300 basis points (3.00%) (150 days but fewer than 180 days of a
continued Failed Remarketing Condition), and 400 basis points (4.00%) (180 days
or more of a continued Failed Remarketing Condition); provided that, if at any
time when the Applicable Spread is 225 basis points (2.25%), 250 basis points
(2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points
(4.00%) and the Failed Remarketing Condition no longer exists due to the
successful remarketing of all Purchased VRDP Shares, then such Applicable
Spread of 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points
(2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) will continue to
be the Applicable Spread in connection with determining the Maximum Rate in
effect for each Rate Period commencing with the first Subsequent Rate Period
after the Failed Remarketing Condition no longer exists through and including
the first Subsequent Rate Period ending on or after the 45th day after the day
the Failed Remarketing Condition no longer exists; provided, further, that (i)
if a new Failed Remarketing Condition occurs prior to the end of such period
and the Applicable Spread is then 225 basis points (2.25%), the date such new
Failed Remarketing Condition occurs will be deemed to be the 60th day of a
continued Failed Remarketing Condition, (ii) if a new Failed Remarketing
Condition occurs prior to the end of such period and the Applicable Spread is
then 250 basis points (2.50%), the date such new Failed Remarketing Condition
occurs will be deemed to be the 90th day of a continued Failed Remarketing
Condition, (iii) if a new Failed Remarketing Condition occurs prior to the end
of such period and the Applicable Spread is then 275 basis points (2.75%), the
date such new Failed Remarketing Condition occurs will be deemed to be the
120th day of a continued Failed Remarketing Condition, (iv) if a new Failed
Remarketing Condition occurs prior to the end of such period and the Applicable
Spread is then 300 basis points (3.00%), the date such new Failed Remarketing
Condition occurs will be deemed to be the 150th day of a continued Failed </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Remarketing Condition and (v) if a new Failed Remarketing
Condition occurs prior to the end of such period and the Applicable Spread is
then 400 basis points (4.00%), the date such new Failed Remarketing Condition
occurs will be deemed to be the 180th day of a continued Failed Remarketing
Condition, in each case, solely for purposes of determining the Applicable
Spread.</font></p>
<a name="_bclFooter4"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">2</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Articles Supplementary</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means these
Articles Supplementary Establishing and Fixing the Rights and Preferences of
Variable Rate Demand Preferred Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Beneficial Owner</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means a Person in
whose name shares of a Series of VRDP Shares are recorded as beneficial owner
of such shares of a Series of VRDP Shares by the Securities Depository, an
Agent Member or other securities intermediary on the records of such Securities
Depository, Agent Member or securities intermediary, as the case may be, or
such Person&#8217;s subrogee, including the Liquidity Provider to the extent it is at
any time such a beneficial owner of shares of a Series of VRDP Shares
(irrespective of any assignment or transfer by the Liquidity Provider of its
voting rights).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Board</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the Board of Directors of
the Corporation or any duly authorized committee thereof.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Business Day</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means a day other than a
day (a) on which commercial banks in The City of New York, New York are
required or authorized by law or executive order to close or (b) on which the
New York Stock Exchange is closed.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Charter</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the Articles of
Incorporation, as amended and supplemented (including by these Articles
Supplementary), of the Corporation on file in the State Department of
Assessments and Taxation of the State of Maryland.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Closing Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the Date of
Original Issue of the shares of a Series of VRDP Shares subject to the
satisfaction of the conditions specified in Section 3.01 of the Fee Agreement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Code</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the Internal Revenue Code
of 1986, as amended.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Common Shares</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the shares of
common stock, par value $0.10 per share, of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Cure Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the VRDP Shares Basic
Maintenance Cure Date or the Minimum VRDP Shares Asset Coverage Cure Date, as
the case may be.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Custodian</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means a bank, as defined in
Section 2(a)(5) of the 1940 Act, that has the qualifications prescribed in
paragraph 1 of Section 26(a) of the 1940 Act, or such other entity as shall be
providing custodian services to the Corporation as permitted by the 1940 Act or
any rule, regulation, or order thereunder, and shall include, as appropriate, any
similarly qualified sub-custodian duly appointed by the Custodian.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Date of Original Issue</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221; with respect
to shares of a Series of VRDP Shares, means the date on which the Corporation
initially issued such VRDP Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Deposit Securities</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means, as of any
date, any United States dollar-denominated security or other investment of a
type described below that either (i) is a demand obligation payable to the
holder thereof on any Business Day or (ii) has a maturity date, mandatory
redemption date or mandatory payment date, on its face or at the option of the
holder, preceding the relevant payment date in respect of which such security
or other investment has been deposited or set aside as a Deposit Security:</font></p>


<a name="_bclFooter5"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">3</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_6"></a><a name="_bclPageBorder6"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:6.0pt;margin-left:1.05in;text-indent:-.5in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;vertical-align:baseline;">(1)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;vertical-align:baseline;">cash or any cash equivalent;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:1.05in;text-indent:-.5in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;vertical-align:baseline;">(2)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;vertical-align:baseline;">any U.S. Government Security;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:1.05in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;vertical-align:baseline;">(3)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;vertical-align:baseline;">any Municipal Obligation that has a
credit rating from at least one NRSRO that is the highest applicable rating
generally ascribed by such NRSRO to Municipal Obligations with substantially
similar terms as of the date of these Articles Supplementary (or such rating&#8217;s
future equivalent), including (A) any such Municipal Obligation that has been
pre-refunded by the issuer thereof with the proceeds of such refunding having
been irrevocably deposited in trust or escrow for the repayment thereof and (B)
any such fixed or variable rate Municipal Obligation that qualifies as an
eligible security under Rule 2a-7 under the 1940 Act;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:1.05in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;vertical-align:baseline;">(4)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;vertical-align:baseline;">any investment in any money market fund
registered under the 1940 Act that qualifies under Rule 2a-7 under the 1940
Act, or similar investment vehicle described in Rule 12d1-1(b)(2) under the
1940 Act, that invests principally in Municipal Obligations or U.S. Government
Securities or any combination thereof; or</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:1.05in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;vertical-align:baseline;">(5)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;vertical-align:baseline;">any letter of credit from a bank or
other financial institution that has a credit rating from at least one (1)
NRSRO that is the highest applicable rating generally ascribed by such NRSRO to
bank deposits or short-term debt of similar banks or other financial
institutions as of the date of these Articles Supplementary (or such rating&#8217;s
future equivalent).</font></p>

<p align=center style="margin:0in;margin-top:.2pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:11.25pt;vertical-align:baseline;">3</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Discounted Value</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221; as of any Valuation
Date, shall have the meaning set forth in the respective Rating Agency
Guidelines.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Dividend Payment Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221; except as
otherwise provided in paragraph (d) of Section 2 of Part I of these Articles
Supplementary, means the date that is the first (1st) Business Day of each
calendar month.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Dividend Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221; with respect to
shares of a Series of VRDP Shares, means the period from, and including, the
Date of Original Issue of shares of such Series to, but excluding, the initial
Dividend Payment Date for shares of such Series and any period thereafter from,
and including, one Dividend Payment Date for shares of such Series to, but
excluding, the next succeeding Dividend Payment Date for shares of such Series.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Effective Leverage Ratio</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; shall have
the meaning set forth in the Fee Agreement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Effective Leverage Ratio Cure Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;
shall have the meaning set forth in the Fee Agreement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Electronic Means</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means email
transmission, facsimile transmission or other similar electronic means of
communication providing evidence of transmission (but excluding online
communications systems covered by a separate agreement) acceptable to the
sending party and the receiving party, in any case if operative as between any
two parties, or, if not operative, by telephone (promptly confirmed by any
other method set forth in this definition), which, in the case of notices to
the Tender and Paying Agent, shall be sent by such means as set forth in Section
7.02 of the Tender and Paying Agent Agreement or as specified in the related
notice.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Exchange Act</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the U.S.
Securities Exchange Act of 1934, as amended.</font></p>


<a name="_bclFooter6"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">4</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_7"></a><a name="_bclPageBorder7"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Extraordinary
Corporate Event</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means as to the Liquidity Provider, (i) the consolidation
or amalgamation with, or merger with and into, or the transfer of all or
substantially all of the Liquidity Provider&#8217;s assets to another entity, or (ii)
the dissolution, for any reason, of the Liquidity Provider other than in
connection with the consolidation, amalgamation with, or merger with and into
another entity or the transfer of all or substantially all of the Liquidity
Provider&#8217;s assets; </font><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">, that with respect to (i)
above, an Extraordinary Corporate Event does not include any of the listed
occurrences where (x) the surviving entity, or transferee of all or
substantially all of the Liquidity Provider&#8217;s assets, (a) assumes or is bound
by all of the obligations of the Liquidity Provider under the terms of the VRDP
Shares Purchase Agreement and (b) has short-term debt ratings in one of the two
highest ratings categories from the Requisite NRSROs and (y) the Liquidity
Provider has provided notice in writing to the Corporation confirming the
information described in (x) at least 10 days prior to the scheduled date of
the applicable listed occurrence in (i) above.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Failed Remarketing Condition</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means a
Failed Remarketing Condition-Purchased VRDP Shares or a Failed Remarketing
Condition-Unpurchased VRDP Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Failed Remarketing Condition-Purchased
VRDP Shares</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means that the Liquidity Provider acquires and continues to be
the beneficial owner for federal income tax purposes of any shares of a Series
of VRDP Shares in connection with purchases made pursuant to the Purchase
Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory
Purchase) on any Purchase Date, including shares of a Series of VRDP Shares
that the Liquidity Provider continues to be the beneficial owner of for federal
income tax purposes after the expiration or termination of the VRDP Shares
Purchase Agreement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Failed Remarketing Condition-Purchased
VRDP Shares Redemption</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means redemption by the Corporation, at a
redemption price equal to $100,000 per share plus accumulated but unpaid
dividends thereon (whether or not earned or declared) to, but excluding, the
date fixed by the Board of Directors for redemption, of shares of a Series of
VRDP Shares that the Liquidity Provider shall have acquired pursuant to the
Purchase Obligation and continued to be the beneficial owner of for federal
income tax purposes for a continuous period of six (6) months during which such
VRDP Shares are tendered for Remarketing on each Business Day in accordance
with the Related Documents but cannot be successfully remarketed (i.e., a
Failed Remarketing Condition-Purchased VRDP Shares shall have occurred and be
continuing for such period of time with respect to such VRDP Shares), determined
by the Corporation on a first-in, first-out basis, in accordance with and
subject to the provisions of the Fee Agreement and these Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Failed Remarketing Condition-Unpurchased
VRDP Shares</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means that a Beneficial Owner (other than the Liquidity
Provider or its affiliates) continues to hold shares of a Series of VRDP
Shares, that were subject to a Tender in accordance with the VRDP Shares
Purchase Agreement, after any Purchase Date as a result of the failure by the
Liquidity Provider for any reason to purchase such VRDP Shares pursuant to the
Purchase Obligation (whether as a result of an unsuccessful Remarketing or a
Mandatory Purchase) (&#8220;Unpurchased VRDP Shares&#8221;), until such time as all
Outstanding Unpurchased VRDP Shares are (i) successfully remarketed pursuant to
a Remarketing, (ii) purchased by the Liquidity Provider pursuant to the
Purchase Obligation, or (iii) if not successfully remarketed pursuant to a
Remarketing or purchased by the Liquidity Provider pursuant to the Purchase
Obligation, the subject of a properly tendered Notice of Revocation (or any
combination of the foregoing); and any Unpurchased VRDP Shares shall be deemed
tendered for Remarketing until the earliest to occur of the foregoing events
(i), (ii) or (iii) with respect to such Unpurchased VRDP Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Failure to Deposit</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means, with
respect to shares of a Series of VRDP Shares, a failure by the Corporation to
pay to the Tender and Paying Agent, not later than 12:00 noon, New York City
time, </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(A) on the Business Day immediately preceding any
Dividend Payment Date for shares of such Series, in funds available on such
Dividend Payment Date in The City of New York, New York, the full amount of any
dividend (whether or not earned or declared) to be paid on such Dividend
Payment Date on any share of such Series or (B) on the Business Day immediately
preceding any redemption date in funds available on such redemption date for
shares of such Series in The City of New York, New York, the Redemption Price
to be paid on such redemption date for any share of such Series after Notice of
Redemption is provided pursuant to paragraph (c) of Section 10 of Part I of these
Articles Supplementary; provided, however, that the foregoing clause (B) shall
not apply to the Corporation&#8217;s failure to pay the Redemption Price in respect
of shares of a Series of VRDP Shares when the related Notice of Redemption
provides that redemption of such shares is subject to one or more conditions
precedent and any such condition precedent shall not have been satisfied at the
time or times and in the manner specified in such Notice of Redemption.</font></p>
<a name="_bclFooter7"></a><DIV>


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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Fee Agreement</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the VRDP Shares
Fee Agreement, dated as of December 15, 2021 by and between the Corporation and
the initial Liquidity Provider, as amended, modified or supplemented from time
to time or any similar agreement with a successor Liquidity Provider.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Final Notice of Purchase</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means, in
connection with an Optional Tender or a Mandatory Tender, a Notice of Purchase
delivered by the Tender and Paying Agent to the Liquidity Provider (or directly
to the Liquidity Provider by Beneficial Owners or their Agent Members, in the
case of an Optional Tender, or Holders, in the case of a Mandatory Tender, if
there is no Tender and Paying Agent or for any reason the Tender and Paying
Agent does not perform its obligations) on the Purchase Date indicating the
number of shares of a Series of VRDP Shares to be purchased on such date
pursuant to the Purchase Obligation, or, in connection with a Mandatory
Purchase, the Mandatory Purchase Notice delivered by the Corporation or the
Tender and Paying Agent on behalf of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Fitch</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means Fitch Ratings.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Fitch Discount Factor</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the
discount factors set forth in the Fitch Guidelines for use in calculating the
Discounted Value of the Corporation&#8217;s assets in connection with Fitch&#8217;s
long-term preferred stock ratings of shares of a Series of VRDP Shares at the
request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Fitch Eligible Assets</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means assets of
the Corporation set forth in the Fitch Guidelines as eligible for inclusion in
calculating the Discounted Value of the Corporation&#8217;s assets in connection with
Fitch&#8217;s long-term preferred stock ratings of shares of a Series of VRDP Shares
at the request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Fitch Guidelines</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the guidelines
applicable to Fitch&#8217;s current long-term preferred stock ratings of the VRDP
Shares, provided by Fitch in connection with Fitch&#8217;s long-term preferred stock
ratings of shares of a Series of VRDP Shares at the request of the Corporation
(a copy of which is available on request to the Corporation), in effect on the
date hereof and as may be amended from time to time, provided, however, that
any such amendment will not be effective for thirty (30) days from the date
that Fitch provides final notice of such amendment to the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Fitch Provisions</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means Sections 7,
8(c)(B) and 9 of Part I of these Articles Supplementary with respect to Fitch,
and any other provisions hereof with respect to Fitch&#8217;s long-term preferred
stock ratings of shares of a Series of VRDP Shares at the request of the
Corporation, including any provisions with respect to obtaining and maintaining
a long-term preferred stock rating on VRDP Shares from Fitch. The Corporation
is required to comply with the Fitch Provisions only if Fitch is then rating
shares of a Series of VRDP Shares at the request of the Corporation.</font></p>


<a name="_bclFooter8"></a><DIV>


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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Gross-up Payment</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;
means payment to a Beneficial Owner of an amount which, when taken together
with the aggregate amount of Taxable Allocations made to such Beneficial Owner
to which such Gross-up Payment relates, would cause such Beneficial Owner&#8217;s
dividends in dollars (after giving effect to regular federal income tax
consequences) from the aggregate of such Taxable Allocations and the related
Gross-up Payment to be equal to the dollar amount of the dividends which would
have been received by such Beneficial Owner if the amount of such aggregate
Taxable Allocations would have been excludable from the gross income of such
Beneficial Owner. Such Gross-up Payment shall be calculated (i) without
consideration being given to the time value of money; (ii) assuming that no
Beneficial Owner of shares of a Series of VRDP Shares is subject to the federal
alternative minimum tax with respect to dividends received from the Corporation;
(iii) assuming that each Taxable Allocation and each Gross-up Payment (except
to the extent such Gross-up Payment is designated as an exempt-interest
dividend under Section 852(b)(5) of the Code or successor provisions) would be
taxable in the hands of each Beneficial Owner of shares of a Series of VRDP
Shares at the maximum marginal regular federal individual income tax rate
applicable to ordinary income or net capital gains, as applicable, or the
maximum marginal regular federal corporate income tax rate applicable to
ordinary income or net capital gains, as applicable, whichever is greater, in
effect at the time such Gross-up Payment is made; and (iv) assuming that each
Taxable Allocation and each Gross-up Payment would not be subject to the tax
imposed by Section 1411 of the Code or any similar Medicare or other surtax.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Holder</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means a Person in whose name a
share of a Series of VRDP Shares is registered in the registration books of the
Corporation maintained by the Tender and Paying Agent.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Initial Rate Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221; with respect to
shares of a Series of VRDP Shares, means the period commencing on and including
the Date of Original Issue thereof and ending on, and including, the day that
is seven (7) days after the Date of Original Issue, or, if such day is not a
Business Day, the next succeeding Business Day or such other date determined by
the Board of Directors of the Corporation or pursuant to their delegated
authority.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Initial Special Rate Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means an
Initial Rate Period that has been designated as a Special Rate Period.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Investment Adviser</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means BlackRock
Advisors, LLC, or any successor company or entity.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Late Charge</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; shall have the meaning
specified in paragraph (e)(i)(C) of Section 2 of Part I of these Articles
Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Liquidation Preference</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221; with respect
to a given number of Series W-7 VRDP Shares, means $100,000 times that number.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Liquidity Account</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; shall have the
meaning specified in paragraph (b)(ii)(B) of Section 10 of Part I of these
Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Liquidity Account Investments</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means
Deposit Securities or any other security or investment owned by the Corporation
that is rated not less than A- or A3 or the equivalent rating (or any such
rating&#8217;s future equivalent) by each NRSRO then rating such security or
investment (or, if rated by only one NRSRO, by such NRSRO) or, if no NRSRO is
then rating such security, deemed to be, with the prior written consent of the
Liquidity Provider, of an equivalent rating by the Investment Adviser on the
Corporation&#8217;s books and records.</font></p>


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</DIV>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Liquidity Provider</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;
means any entity in such capacity pursuant to a VRDP Shares Purchase Agreement,
initially, Bank of America, N.A.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Liquidity Provider Ratings Event</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;
means the Liquidity Provider shall fail to maintain at any time short-term debt
ratings in one of the two highest rating categories from the Requisite NRSROs.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Liquidity Provider Ratings Event
Termination Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the date established by the Tender and Paying
Agent, acting upon instructions of the Corporation pursuant to the Tender and
Paying Agent Agreement, for termination of the VRDP Shares Purchase Agreement
upon the occurrence of a Liquidity Provider Ratings Event, which date shall be
not less than sixteen (16) days nor more than thirty (30) days following the
date on which such Liquidity Provider Ratings Event first occurs.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Liquidity Requirement</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; shall have the
meaning specified in paragraph (b)(ii)(C) of Section 10 of Part I of these
Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">London Business Day</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means any day on
which commercial banks are generally open for business in London.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Mandatory Purchase</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the
mandatory purchase of Outstanding shares of a Series of VRDP Shares by the
Liquidity Provider pursuant to the VRDP Shares Purchase Agreement in connection
with a Mandatory Purchase Event.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Mandatory Purchase Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the
Purchase Date for a Mandatory Purchase determined in accordance with these
Articles Supplementary and the VRDP Shares Purchase Agreement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Mandatory Purchase Event</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means, (i)
in connection with the termination of the VRDP Shares Purchase Agreement due to
its expiration as of a Scheduled Termination Date, by the fifteenth day prior
to any such Scheduled Termination Date, (a) the Liquidity Provider shall not
have agreed to an extension or further extension of the Scheduled Termination
Date to a date not earlier than 180 days from the Scheduled Termination Date of
the VRDP Shares Purchase Agreement then in effect, and (b) the Corporation
shall not have obtained and delivered to the Tender and Paying Agent an
Alternate VRDP Shares Purchase Agreement with a termination date not earlier
than 180 days from the Scheduled Termination Date of the VRDP Shares Purchase
Agreement being replaced, or (ii) in connection with the termination of the
VRDP Shares Purchase Agreement due to a Liquidity Provider Ratings Event or
Related Party Termination Event, by the fifteenth day prior to the Liquidity
Provider Ratings Event Termination Date or Related Party Termination Date, as
the case may be, the Corporation shall not have obtained and delivered to the
Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a
termination date not earlier than 180 days from the Liquidity Provider Ratings
Event Termination Date or Related Party Termination Date, as the case may be,
of the VRDP Shares Purchase Agreement being replaced. The Mandatory Purchase
Event shall be deemed to occur on such fifteenth day prior to any Scheduled
Termination Date, Liquidity Provider Ratings Event Termination Date or Related
Party Termination Date, as the case may be.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Mandatory Purchase Notice</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means, in
connection with the Mandatory Purchase of shares of a Series of VRDP Shares, a
notice, substantially in the form attached to the VRDP Shares Purchase
Agreement as Exhibit B, delivered by the Corporation or the Tender and Paying
Agent on behalf of the Corporation to the Holders and the Liquidity Provider in
accordance with the VRDP Shares Purchase Agreement and specifying a Mandatory
Purchase Date.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Mandatory Tender</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221; with respect to a
Mandatory Tender Event, means the mandatory tender of all shares of a Series of
VRDP Shares by Holders for Remarketing or, in the event (i) no </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Remarketing occurs on or before the Purchase Date or (ii)
pursuant to an attempted Remarketing, shares of the Series of VRDP Shares
remain unsold and the Remarketing Agent does not purchase for its own account
the unsold shares of the Series of VRDP Shares tendered to the Tender and
Paying Agent for Remarketing (provided, that the Remarketing Agent may seek to
sell such shares of the Series of VRDP Shares in a subsequent Remarketing prior
to the Purchase Date), for purchase by the Liquidity Provider at the Purchase
Price pursuant to Part II of these Articles Supplementary and the VRDP Shares
Purchase Agreement.</font></p>
<a name="_bclFooter10"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">8</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Mandatory Tender Event</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means (a) each
failure by the Corporation to make a scheduled payment of dividends on a
Dividend Payment Date; (b) the occurrence of a Liquidity Provider Ratings Event
(which shall constitute a single Mandatory Tender Event upon the occurrence of
such Liquidity Provider Ratings Event, whether or not continuing and whether or
not such Liquidity Provider Ratings Event also results in a Mandatory Purchase
Event; provided that, following restoration of the short-term debt ratings to
the requisite level, a subsequent Liquidity Provider Ratings Event, shall
constitute a new Mandatory Tender Event); (c) in the event of a failure by the
Corporation to pay the Liquidity Provider the applicable fee when due under the
terms of the Fee Agreement if the Liquidity Provider (in its sole discretion)
thereafter provides written notice to the Corporation that such failure to pay
such fee constitutes a Mandatory Tender Event; (d) the eighth (8th) day prior
to the scheduled date of the occurrence of an Extraordinary Corporate Event;
(e) the Corporation shall have obtained and delivered to the Tender and Paying
Agent an Alternate VRDP Shares Purchase Agreement by the fifteenth day prior to
the Scheduled Termination Date, Liquidity Provider Ratings Event Termination
Date or Related Party Termination Date, as the case may be, of the VRDP Shares
Purchase Agreement being replaced; (f) the Corporation shall have provided a
Notice of Proposed Special Rate Period in accordance with these Articles
Supplementary; or (g) in the event of a breach by the Corporation of its
Effective Leverage Ratio covenant with the Liquidity Provider in the Fee
Agreement and the failure to cure such breach within sixty (60) days from the
date of such breach (which 60-day period would include the Effective Leverage
Ratio Cure Period), if the Liquidity Provider (in its sole discretion)
thereafter provides written notice to the Corporation and the Tender and Paying
Agent that the failure to timely cure such breach constitutes a Mandatory
Tender Event (subject to the Corporation curing such breach prior to the
delivery date of such notice from the Liquidity Provider).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Mandatory Tender Notice</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means, in
connection with the Mandatory Tender of shares of a Series of VRDP Shares, a
notice, substantially in the form attached to the VRDP Shares Remarketing
Agreement as Annex II, delivered by the Corporation or the Tender and Paying
Agent on behalf of the Corporation to the Holders and the Liquidity Provider in
accordance with the VRDP Shares Purchase Agreement and specifying a Mandatory
Tender Event and Purchase Date.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Market Value</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; of any asset of the Corporation
means the market value thereof determined by an independent third-party pricing
service designated pursuant to the Corporation&#8217;s valuation policies and
procedures approved from time to time by the Board of Directors for use in
connection with the determination of the Corporation&#8217;s net asset value. Market
Value of any asset shall include any interest or dividends, as applicable,
accrued thereon. The pricing service values portfolio securities at the mean
between the quoted bid and asked price or the yield equivalent when quotations
are readily available. Securities for which quotations are not readily
available are valued at fair value as determined by the pricing service using
methods which include consideration of: yields or prices of municipal bonds of
comparable quality, type of issue, coupon, maturity and rating; indications as
to value from dealers; and general market conditions. The pricing service may
employ electronic data processing techniques or a matrix system, or both, to
determine valuations.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Maximum Rate</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; for shares of a Series
of VRDP Shares on any Rate Determination Date or in respect of the occurrence
of a Failed Remarketing Condition for shares of such Series, means the
Applicable Percentage of the Applicable Base Rate plus the Applicable Spread.
The Maximum Rate for shares of a Series of VRDP Shares will depend on the
long-term preferred stock rating assigned to such </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Series
of VRDP Shares, the length of the Rate Period and whether or not the
Corporation has given notification to the Remarketing Agent and the Tender and
Paying Agent prior to the Applicable Rate Determination for the Rate Period
pursuant to Section 6 of Part II hereto that any ordinary income or capital
gains will be included in the dividend on shares of a Series of VRDP Shares for
that Rate Period. The Applicable Percentage of the Applicable Base Rate is as
follows:</font></p>
<a name="_bclFooter11"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">9</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
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<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;width:499.899963pt;">
 <tr>
  <td colspan=2 valign=top width=71% style="border:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><b><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></b></p>
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><b><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></b></p>
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><b><font face="Times New Roman" style="font-size:11.0pt;">Long-Term*
  Rating</font></b></p>
  </td>
 <td valign=top width=29% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><b><font face="Times New Roman" style="font-size:11.0pt;">Applicable Percentage of Applicable Base Rate&#8211; No
  Notification</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><b><font face="Times New Roman" style="font-size:11.0pt;">Fitch</font></b></p>
  </td>
 <td valign=top width=38% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><b><font face="Times New Roman" style="font-size:11.0pt;">Moody&#8217;s</font></b></p>
  </td>
 <td valign=top width=29% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><b><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">AA- to AAA</font></p>
  </td>
 <td valign=top width=38% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">Aa3 to Aaa</font></p>
  </td>
 <td valign=top width=29% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">100%</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">BBB- to A+</font></p>
  </td>
 <td valign=top width=38% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">Baa3 to A1</font></p>
  </td>
 <td valign=top width=29% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">110%</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">Below BBB-**</font></p>
  </td>
 <td valign=top width=38% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">Below Baa3*</font></p>
  </td>
 <td valign=top width=29% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">135%</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;margin-right:.05in;margin-top:1.4pt;text-align:justify;text-indent:-.25in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:11.5pt;vertical-align:baseline;">*&#160;&#160;&#160;&#160;&#160; And/or the equivalent ratings of
any Other Rating Agency then rating the shares of the Series of VRDP Shares at
the request of the Corporation; utilizing the lower of the ratings of the
Rating Agencies then rating VRDP Shares at the request of the Corporation.</font></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:0in;margin-right:.05in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:11.5pt;vertical-align:baseline;">**&#160;&#160; Includes unrated, if no Rating Agency
is then rating VRDP Shares at the request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">, that in the event the
Corporation has given notification prior to the Applicable Rate Determination
for the Rate Period pursuant to Section 6 of Part II hereof that any ordinary
income and capital gains will be included in the dividend on shares of the
Series of VRDP Shares for that Rate Period, the Applicable Percentage in the
foregoing table shall be divided by the quantity one (1) minus (i) the maximum
marginal regular federal personal income tax rate applicable to ordinary income
or net capital gains (as applicable), each expressed as a decimal, or (ii) the
maximum marginal regular federal corporate income tax rate applicable to ordinary
income or net capital gains (as applicable), each expressed as a decimal,
whichever is greater and determined on a weighted average basis in respect of
the relative amounts of ordinary income and net capital gains.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">The Applicable Percentage as so determined and
the Applicable Spread may be subject to upward (and, if previously adjusted
upward, subsequent downward) adjustment as provided in the VRDP Shares
Remarketing Agreement, with the prior written consent of the Liquidity Provider
and after consultation with the Remarketing Agent; provided, that,
notwithstanding any provision to the contrary in the VRDP Shares Remarketing
Agreement, immediately following any such upward adjustment, the Maximum Rate
is equal to or higher than the rates determined subsequent to such adjustment
and the Corporation would be in compliance with the Minimum VRDP Shares Asset
Coverage and the VRDP Shares Basic Maintenance Amount in the Rating Agency
Guidelines of the Rating Agency or Rating Agencies then rating the VRDP Shares
at the request of the Corporation. Furthermore, in the event of Special Rate
Periods of greater than 364 days, the Maximum Rate may be subject to upward
(and, if previously adjusted upward, subsequent downward) adjustment as
provided in the VRDP Shares Remarketing Agreement, with the prior written
consent of the Liquidity Provider and after consultation with the Remarketing
Agent; provided, that, notwithstanding any provision to the contrary in the
VRDP Shares Remarketing Agreement, immediately following any such upward
adjustment, the Maximum Rate is equal to or higher than the rates determined
subsequent to such adjustment and the Corporation would be in compliance with
the Minimum VRDP Shares Asset Coverage and the VRDP Shares Basic Maintenance
Amount in the Rating Agency Guidelines of the Rating Agency or Rating Agencies
then rating the VRDP Shares at the request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">A Maximum Rate in effect in respect of a
Failed Remarketing Condition will continue to be the Applicable Rate (i) until
the first (1st) day of the next succeeding Subsequent Rate Period after a
Failed Remarketing Condition no longer exists in the case of a Minimum Rate
Period or a Special Rate Period of twenty-eight (28) Rate Period Days or fewer,
and (ii) until the first (1st) day of the next succeeding </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Dividend
Period after a Failed Remarketing Condition no longer exists in the case of a
Special Rate Period of greater than twenty-eight (28) Rate Period Days.</font></p>
<a name="_bclFooter12"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">10</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_13"></a><a name="_bclPageBorder13"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">


<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Notwithstanding any provision to the contrary
in the VRDP Shares Remarketing Agreement, in no event shall the Maximum Rate
exceed 15%; provided, however, that in the event the Corporation has given
notification prior to the Applicable Rate Determination for the Rate Period
pursuant to Section 6 of Part II hereof that any ordinary income or capital
gains will be included in the dividend on shares of the Series of VRDP Shares
for that Rate Period, the Maximum Rate shall not exceed 15% divided by the
quantity one (1) minus (i) the maximum marginal regular federal personal income
tax rate applicable to ordinary income or net capital gains (as applicable),
each expressed as a decimal, or (ii) the maximum marginal regular federal
corporate income tax rate applicable to ordinary income or net capital gains
(as applicable), each expressed as a decimal, whichever is greater and
determined on a weighted average basis in respect of the relative amounts of
ordinary income and net capital gains.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Minimum Rate Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means any Rate
Period consisting of seven (7) Rate Period Days, as adjusted to reflect any
changes when the regular day that is a Rate Determination Date is not a
Business Day.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Minimum VRDP Shares Asset Coverage</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;
means asset coverage, as defined in Section 18(h) of the 1940 Act as of the
date of the Fee Agreement (excluding (1) from the denominator of such asset
coverage test (i) any senior securities for which the Corporation has issued a
Notice of Redemption and either has delivered Deposit Securities to the Tender
and Paying Agent or otherwise has adequate Deposit Securities on hand for the
purpose of such redemption and (ii) the Corporation&#8217;s outstanding preferred
shares to be redeemed in accordance with Section 6.20 of the Fee Agreement with
the gross proceeds from the sale of the Series W-7 VRDP Shares, for which the
Corporation either has delivered Deposit Securities to the Tender and Paying
Agent or otherwise has adequate Deposit Securities on hand for the purpose of
such redemption and (2) from the numerator of such asset coverage test, any
Deposit Securities referred to in the previous clauses (1)(i) and (ii)), with
such changes thereafter as agreed with the prior written consent of the
Liquidity Provider, of at least 200% or such higher percentage as required and
specified in the Fee Agreement, but, in any event, not more than 250%, with
respect to all outstanding senior securities of the Corporation that are stock,,
including all Outstanding VRDP Shares (or, in each case, if higher, such other
asset coverage as may in the future be specified in or under the 1940 Act as
the minimum asset coverage for senior securities which are stock of a
closed-end investment company as a condition of declaring dividends on its
common shares or stock).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Minimum VRDP Shares Asset Coverage Cure
Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221; with respect to the failure by the Corporation to maintain the
Minimum VRDP Shares Asset Coverage (as required by Section 6 of Part I of these
Articles Supplementary and the Fee Agreement) as of the last Business Day of
each month, means the tenth Business Day of the following month.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Moody&#8217;s</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means Moody&#8217;s Investors
Service, Inc., a Delaware corporation, and its successors.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Moody&#8217;s Discount Factor</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the
discount factors set forth in the Moody&#8217;s Guidelines for use in calculating the
Discounted Value of the Corporation&#8217;s assets in connection with Moody&#8217;s
long-term preferred stock ratings of shares of a Series of VRDP Shares at the
request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Moody&#8217;s Eligible Assets</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means assets
of the Corporation set forth in the Moody&#8217;s Guidelines as eligible for
inclusion in calculating the Discounted Value of the Corporation&#8217;s assets in </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">connection with Moody&#8217;s long-term preferred stock ratings
of shares of a Series of VRDP Shares at the request of the Corporation.</font></p>
<a name="_bclFooter13"></a><DIV>


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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Moody&#8217;s Guidelines</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the
guidelines applicable to Moody&#8217;s current long-term preferred stock ratings of
the VRDP Shares, provided by Moody&#8217;s in connection with Moody&#8217;s long-term
preferred stock ratings of shares of a Series of VRDP Shares at the request of the
Corporation (a copy of which is available on request to the Corporation), in
effect on the date hereof and as may be amended from time to time, provided,
however, that any such amendment will not be effective for thirty (30) days
from the date that Moody&#8217;s provides final notice of such amendment to the
Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Moody&#8217;s Provisions</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means Sections 7,
8(c)(B) and 9 of Part I of these Articles Supplementary with respect to
Moody&#8217;s, and any other provisions hereof with respect to Moody&#8217;s long-term
preferred stock ratings of shares of a Series of VRDP Shares at the request of the
Corporation, including any provisions hereof with respect to obtaining and
maintaining a long-term preferred stock rating on shares of a Series of VRDP
Shares from Moody&#8217;s. The Corporation is required to comply with the Moody&#8217;s
Provisions only if Moody&#8217;s is then rating shares of a Series of VRDP Shares at
the request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Municipal Obligations</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means Municipal
Bonds as described under &#8220;The Fund&#8217;s Investments &#8211; Description of Municipal
Bonds&#8221; in the Offering Memorandum.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Net Tax-Exempt Income</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the
excess of the amount of interest excludable from gross income under Section
103(a) of the Code over the amounts disallowed as deductions under Sections 265
and 171(a)(2) of the Code.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Notice of Proposed Special Rate Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;
has meaning specified in paragraph (c) of Section 4 of Part I of these Articles
Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Notice of Purchase</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means, as the
context requires, a Preliminary Notice of Purchase or a Final Notice of
Purchase, in each case, substantially in the form attached as Exhibit A to the
VRDP Shares Purchase Agreement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Notice of Redemption</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means any notice
with respect to the redemption of shares of a Series of VRDP Shares pursuant to
paragraph (c) of Section 10 of Part I of these Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Notice of Revocation</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means, in
connection with the revocation by a Beneficial Owner or its Agent Member of its
Notice of Tender, a notice, substantially in the form attached to the Tender
and Paying Agent Agreement as Exhibit C, delivered by a Beneficial Owner or its
Agent Member to the Tender and Paying Agent indicating an intention to revoke
the tender of some or all of the shares of a Series of VRDP Shares for sale on
a Purchase Date pursuant to paragraph (f) of Section 1 of Part II of these
Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Notice of Special Rate Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; has the
meaning specified in paragraph (d)(i) of Section 4 of Part I of these Articles
Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Notice of Tender</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means, in connection
with an Optional Tender, a notice, substantially in the form attached to the Tender
and Paying Agent Agreement as Exhibit A, delivered by a Beneficial Owner or its
Agent Member to the Tender and Paying Agent, indicating an intention to tender
shares of a Series of VRDP Shares for sale on a Purchase Date pursuant to
Section 1 of Part II of these Articles Supplementary.</font></p>


<a name="_bclFooter14"></a><DIV>


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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">NRSRO</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means
a &#8220;nationally recognized statistical rating organization&#8221; within the meaning of
Section 3(a)(62) of the Exchange Act that is not an &#8220;affiliated person&#8221; (as
defined in Section 2(a)(3) of the 1940 Act) of the Corporation or the Liquidity
Provider, including, at the date hereof, Moody&#8217;s and Fitch.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Offering Memorandum</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the
offering memorandum of the Corporation relating to the offering and sale of
Series W-7 VRDP Shares, dated December 15, 2021, as amended, revised or
supplemented from time to time, including in connection with any Remarketing,
if applicable.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Optional Tender</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means any tender of
shares of a Series of VRDP Shares by a Beneficial Owner or its Agent Member to
the Tender and Paying Agent, other than a Mandatory Tender, for Remarketing or,
in the event (i) no Remarketing occurs on or before the Purchase Date, or (ii)
pursuant to an attempted Remarketing shares of a Series of VRDP Shares remain
unsold and the Remarketing Agent does not purchase for its own account the
unsold shares of a Series of VRDP Shares tendered to the Tender and Paying
Agent for Remarketing (provided, that the Remarketing Agent may seek to sell
such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), for
purchase by the Liquidity Provider pursuant to Part II of these Articles
Supplementary and the VRDP Shares Purchase Agreement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Other Rating Agency</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means each NRSRO,
if any, other than Moody&#8217;s or Fitch then providing a short-term or long-term
preferred stock rating for the shares of a Series of VRDP Shares at the request
of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Other Rating Agency Eligible Assets</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;
means assets of the Corporation set forth in the Other Rating Agency Guidelines
as eligible for inclusion in calculating the Discounted Value of the
Corporation&#8217;s assets in connection with an Other Rating Agency&#8217;s long-term
preferred stock ratings of shares of a Series of VRDP Shares at the request of the
Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Other Rating Agency Guidelines</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means
the guidelines applicable to each Other Rating Agency&#8217;s long-term preferred
stock ratings of the VRDP Shares, provided by an Other Rating Agency in
connection with such Other Rating Agency&#8217;s long-term preferred stock ratings of
shares of a Series of VRDP Shares at the request of the Corporation (a copy of
which is available on request to the Corporation), as may be amended from time
to time, provided, however, that any such amendment will not be effective
except as agreed between the Other Rating Agency and the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Other Rating Agency Provisions</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means
Sections 7, 8(c)(B) and 9 of Part I of these Articles Supplementary with
respect to any Other Rating Agency then rating shares of a Series of VRDP
Shares at the request of the Corporation, and any other provisions hereof with
respect to such Other Rating Agency&#8217;s long-term preferred stock ratings of
shares of a Series of VRDP Shares, including any provisions with respect to
obtaining and maintaining a long-term preferred stock rating of shares of a
Series of VRDP Shares from such Other Rating Agency. The Corporation is
required to comply with the Other Rating Agency Provisions of an Other Rating
Agency only if such Other Rating Agency is then rating shares of a Series of
VRDP Shares at the request of the Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Outstanding</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means, as of any date
with respect to VRDP Shares of any Series, the number of shares of such Series
theretofore issued by the Corporation except, without duplication, (i) any
shares of such Series of VRDP Shares theretofore cancelled or delivered to the
Tender and Paying Agent for cancellation or redemption by the Corporation, (ii)
any shares of such Series of VRDP Shares with respect to which the Corporation
has given a Notice of Redemption and irrevocably deposited with the Tender and
Paying Agent sufficient Deposit Securities to redeem such shares of such Series
of VRDP Shares, pursuant to Section 10 of Part I of these Articles
Supplementary, (iii) any shares of such Series of VRDP Shares as to which the
Corporation shall be a Beneficial Owner, and (iv) any shares of such Series </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">of VRDP Shares represented by any certificate in lieu of
which a new certificate has been executed and delivered by the Corporation; provided,
however, with respect to clause (ii), any such shares of such Series of VRDP
Shares will be deemed to be Outstanding for purposes of the VRDP Shares
Purchase Agreement until redeemed by the Corporation.</font></p>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Person</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means and includes an
individual, a partnership, a corporation, a trust, an unincorporated
association, a joint venture or other entity or a government or any agency or
political subdivision thereof.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Preferred Shares</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the shares of
preferred stock of the Corporation, and includes the VRDP Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Preliminary Notice of Purchase</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means
a Notice of Purchase delivered by the Tender and Paying Agent to the Liquidity
Provider (or directly to the Liquidity Provider by Beneficial Owners or their
Agent Members if there is no Tender and Paying Agent or for any reason the
Tender and Paying Agent does not perform its obligations) on the Business Day
immediately preceding a Purchase Date indicating the number of shares of VRDP
Shares to be purchased on the Purchase Date pursuant to the Purchase
Obligation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Purchase Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221; with respect to any
purchase of shares of a Series of VRDP Shares, means (i) in connection with an
Optional Tender, the date specified in a Notice of Tender, which date shall be
no earlier than the seventh (7th) day (or, if such day is not a Business Day,
the next succeeding Business Day) following delivery to the Tender and Paying
Agent of the Notice of Tender, (ii) in connection with a Mandatory Tender, the
date specified in the Mandatory Tender Notice (or, if such day is not a
Business Day, the next succeeding Business Day), subject to the immediately
succeeding sentence below, or (iii) in connection with a Mandatory Purchase,
the Mandatory Purchase Date specified in the Mandatory Purchase Notice (or, if
such day is not a Business Day, the next succeeding Business Day). The Purchase
Date in respect of a Mandatory Tender Event shall be not later than seven days
following the date a Mandatory Tender Notice is sent to Holders by Electronic
Means; provided, that: (A) the Purchase Date in connection with the failure of the
Corporation to pay the applicable fee to the Liquidity Provider may not be
later than the last Business Day of the month such payment was due; (B) the
Purchase Date in connection with the occurrence of an Extraordinary Corporate
Event may not be later than the Business Day immediately preceding the
occurrence of the Extraordinary Corporate Event (and, if no earlier Purchase
Date is specified in a Mandatory Tender Notice with respect to such
Extraordinary Corporate Event, the Business Day immediately preceding the
occurrence of the Extraordinary Corporate Event shall be deemed to be the
Purchase Date irrespective of the failure to have given or sent a Mandatory
Tender Notice); (C) the Purchase Date in connection with the Corporation
obtaining an Alternate VRDP Shares Purchase Agreement may not be later than the
Business Day immediately preceding the termination of the VRDP Shares Purchase
Agreement being replaced and the effective date of such Alternate VRDP Shares
Purchase Agreement (which may not be later than the termination date of the
VRDP Shares Purchase Agreement); and (D) the Purchase Date in connection with a
Notice of Proposed Special Rate Period may not be later than the first (1st)
day of such proposed Special Rate Period.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Purchase Obligation</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the
unconditional and irrevocable obligation of the Liquidity Provider during the
term and pursuant to the terms of the VRDP Shares Purchase Agreement to
purchase Outstanding shares of a Series of VRDP Shares on any Purchase Date at
the Purchase Price from Beneficial Owners, in the case of any Optional Tender,
and Holders, in the case of any Mandatory Tender or any Mandatory Purchase, in
each case following delivery of a Final Notice of Purchase with respect to such
VRDP Shares.</font></p>


<a name="_bclFooter16"></a><DIV>


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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Purchase Price</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;
means an amount equal to the Liquidation Preference of any shares of a Series
of VRDP Shares to be purchased on a Purchase Date, plus any accumulated but
unpaid dividends thereon (whether or not earned or declared), if any, to, but
excluding, the relevant Purchase Date.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Purchased VRDP Shares</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means all
shares of a Series of VRDP Shares purchased by the Liquidity Provider pursuant
to the VRDP Shares Purchase Agreement, so long as the Liquidity Provider
continues to be the beneficial owner for federal income tax purposes of such
VRDP Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Rate Determination Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means, with
respect to any Series of VRDP Shares, the last day of a Rate Period for such
Series or, if such day is not a Business Day, the next succeeding Business Day;
provided, however, that the next succeeding Rate Determination Date will be
determined without regard to any prior extension of a Rate Determination Date
to a Business Day.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Rate Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221; with respect to shares
of a Series of VRDP Shares, means the Initial Rate Period for shares of such
Series and any Subsequent Rate Period, including any Special Rate Period, for
shares of such Series.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Rate Period Days</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221; for any Rate
Period, means the number of days that would constitute such Rate Period but for
the application of paragraph (d) of Section 2 of Part I of these Articles
Supplementary or paragraph (b) of Section 4 of Part I of these Articles
Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Rating Agency</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means each of Fitch (if
Fitch is then rating shares of a Series of VRDP Shares at the request of the
Corporation), Moody&#8217;s (if Moody&#8217;s is then rating shares of a Series of VRDP
Shares at the request of the Corporation) and any Other Rating Agency (if such
Other Rating Agency is then rating shares of a Series of VRDP Shares at the request
of the Corporation).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Rating Agency Certificate</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; has the
meaning specified in paragraph (b) of Section 7 of Part I of these Articles
Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Rating Agency Eligible Assets</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means
assets of the Corporation set forth in the Rating Agency Guidelines of a Rating
Agency as eligible for inclusion in calculating the Discounted Value of the
Corporation&#8217;s assets in connection with such Rating Agency&#8217;s long-term
preferred stock ratings of shares of a Series of VRDP Shares at the request of the
Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Rating Agency Guidelines</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means
Moody&#8217;s Guidelines (if Moody&#8217;s is then rating shares of a Series of VRDP Shares
at the request of the Corporation), Fitch Guidelines (if Fitch is then rating
shares of a Series of VRDP Shares at the request of the Corporation) and any
Other Rating Agency Guidelines (if such Other Rating Agency is then rating
shares of a Series of VRDP Shares at the request of the Corporation).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Rating Agency Provisions</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the
Moody&#8217;s Provisions (if Moody&#8217;s is then rating shares of a Series of VRDP Shares
at the request of the Corporation), the Fitch Provisions (if Fitch is then
rating shares of a Series of VRDP Shares at the request of the Corporation) and
any Other Rating Agency Provisions (if such Other Rating Agency is then rating
VRDP Shares at the request of the Corporation). The Corporation is required to
comply with the Rating Agency Provisions of a Rating Agency only if such Rating
Agency is then rating shares of a Series of VRDP Shares at the request of the
Corporation.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Redemption Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; has the meaning
specified in paragraph (c) of Section 10 of Part I of these Articles
Supplementary.</font></p>


<a name="_bclFooter17"></a><DIV>


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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Redemption Price</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;
means the applicable redemption price specified in paragraph (a) or (b) of
Section 10 of Part I of these Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Reference Banks</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means four major
banks in the London interbank market selected by the Remarketing Agent or its
affiliates or successors or such other party as the Corporation may from time
to time appoint.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Related Documents</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means these
Articles Supplementary, the Charter, the Series W-7 VRDP Shares, the Placement
Agreement, the VRDP Shares Purchase Agreement, the VRDP Shares Remarketing
Agreement, the Fee Agreement and the Tender and Paying Agent Agreement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Related Party</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means a related party
for purposes of Section 267(b) or Section 707(b) of the Code, as such
provisions may be amended from time to time.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Related Party Termination Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means
the effective date of the termination of the VRDP Shares Purchase Agreement in
accordance with its terms following the occurrence of a Related Party
Termination Event.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Related Party Termination Event</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means
the Liquidity Provider becoming a Related Party of the Corporation other than
through the acquisition of shares of a Series of VRDP Shares pursuant to the
terms of the VRDP Shares Purchase Agreement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Relevant Governmental Body</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the
Federal Reserve Board and/or the Federal Reserve Bank of New York, or a
committee officially endorsed or convened by the Federal Reserve Board and/or
the Federal Reserve Bank of New York.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Remarketing</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the remarketing of
shares of a Series of VRDP Shares by the Remarketing Agent on behalf of the
Beneficial Owners thereof pursuant to an Optional Tender or on behalf of the
Holders thereof pursuant to a Mandatory Tender, as provided in the VRDP Shares
Remarketing Agreement and Part II of these Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Remarketing Agent</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means, with respect
to the Series W-7 VRDP Shares, the Person or Persons designated, with the prior
written consent of the Liquidity Provider (which consent shall not be
unreasonably withheld), as Remarketing Agent for such Series of VRDP Shares,
initially as set forth in Schedule I to the Fee Agreement, and its or their
permitted successors and assigns.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Remarketing Notice</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; has the meaning
set forth in paragraph (b) of Section 2 of Part II of these Articles
Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Remarketing Procedures</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the
procedures for conducting Remarketings set forth in Part II of these Articles
Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Requisite NRSROs</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means (i) any two
NRSROs that have issued a rating with respect to a security or class of debt
obligations of an issuer or (ii) if only one NRSRO has issued a rating with
respect to such security or class of debt obligations of an issuer at the time
a purchaser Acquires (as such term is defined from time to time in Rule 2a-7
under the 1940 Act) the security, that NRSRO.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Scheduled Termination Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means,
with respect to a VRDP Shares Purchase Agreement for shares of a Series of VRDP
Shares, the date that is 364 days from (and including) the Closing Date for
shares of such Series, or any succeeding date to which the term of such VRDP
Shares Purchase Agreement is extended pursuant to the terms thereof.</font></p>


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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">SEC</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means
the Securities and Exchange Commission. </font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Securities Act</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means the Securities
Act of 1933, as amended.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Securities Depository</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means The
Depository Trust Company, New York, New York, and any substitute for or
successor to such securities depository that shall maintain a book-entry system
with respect to the shares of a Series of VRDP Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">SIFMA Municipal Swap Index</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means on
any Rate Determination Date the Securities Industry and Financial Markets
Association Municipal Swap Index, produced and made available by Municipal
Market Data as of 3:00 p.m., New York City time, on the Rate Determination
Date.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">SOFR</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; with respect to any Business Day
means the secured overnight financing rate published for such day by the
Federal Reserve Bank of New York, as the administrator of the benchmark (or a
successor administrator) on the Federal Reserve Bank of New York&#8217;s website (or
any successor source) at approximately 8:00 a.m. (New York City time) on the
immediately succeeding Business Day and, in each case, that has been selected
or recommended by the Relevant Governmental Body.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Special Optional Tender Provisions</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;
shall have the meaning specified in paragraph (g) of Section 1 of Part II of these
Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Special Rate Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221; with respect to
shares of a Series of VRDP Shares, shall have the meaning specified in
paragraph (a) of Section 4 of Part I of these Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Special Redemption Provisions</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; shall
have the meaning specified in paragraph (a)(i) of Section 10 of Part I of these
Articles Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Subsequent Rate Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221; with respect
to shares of a Series of VRDP Shares, means the period from, and including, the
first (1st) day following the Initial Rate Period of shares of such Series to,
and including, the next Rate Determination Date for shares of such Series and
any period thereafter from, and including, the first (1st) day following a Rate
Determination Date for shares of such Series to, and including, the next
succeeding Rate Determination Date for shares of such Series; provided,
however, that, if any Subsequent Rate Period is also a Special Rate Period,
such term shall mean the period commencing on the first (1st) day of such
Special Rate Period and ending on, and including, the last day of the last
Dividend Period thereof; except for Special Rate Periods, each Subsequent Rate
Period will be a Minimum Rate Period.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Taxable Allocation</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; shall have the
meaning specified in paragraph (a) of Section 3 of Part I of these Articles
Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Tender</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means either a Mandatory
Tender or an Optional Tender, as applicable.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Tender and Paying Agent</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means The
Bank of New York Mellon, or with the prior written consent of the Liquidity
Provider (which consent shall not be unreasonably withheld) any successor
Person, which has entered into an agreement with the Corporation to act in such
capacity as the Corporation&#8217;s tender agent, transfer agent, registrar, dividend
disbursing agent, paying agent, redemption price disbursing agent and
calculation agent in connection with the payment of regularly scheduled
dividends with respect to each Series of VRDP Shares.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Tender and Paying Agent Agreement</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;
means the tender and paying agent agreement, dated as of December 15, 2021, by
and between the Corporation and the initial Tender and Paying Agent, </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">as amended, modified or supplemented from time to time,
or any similar agreement with a successor tender and paying agent.</font></p>
<a name="_bclFooter19"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">17</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">U.S. Government Securities</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means
direct obligations of the United States or of its agencies or instrumentalities
that are entitled to the full faith and credit of the United States and that,
other than United States Treasury Bills, provide for the periodic payment of
interest and the full payment of principal at maturity or call for redemption.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Valuation Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means, for purposes of
determining whether the Corporation is maintaining the VRDP Shares Basic
Maintenance Amount, (i) each Friday occurring after the Date of Original Issue
that is a Business Day or, for any such Friday that is not a Business Day, the
immediately preceding Business Day and (ii) the Date of Original Issue.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Voting Period</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; shall have the meaning
specified in paragraph (b)(i) of Section 5 of Part I of these Articles
Supplementary.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">VRDP</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> </font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Shares Basic Maintenance
Amount</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221; as of any Valuation Date, shall have the meaning set forth for
&#8220;Basic Maintenance Amount&#8221; in the Rating Agency Guidelines.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">VRDP Shares Basic Maintenance Cure Date</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">,&#8221;
with respect to the failure by the Corporation to satisfy the VRDP Shares Basic
Maintenance Amount (as required by paragraph (a) of Section 7 of Part I of these
Articles Supplementary) as of a given Valuation Date, shall have the meaning
set forth in the Rating Agency Guidelines, but in no event shall it be longer
than 10 Business Days following such Valuation Date.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">VRDP Shares Basic Maintenance Report</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;
shall have the meaning set forth for &#8220;Basic Maintenance Report&#8221; in the Rating
Agency Guidelines.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">VRDP Shares Purchase Agreement</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221; means
the VRDP Shares purchase agreement, dated as of December 15, 2021, by and
between the initial Liquidity Provider and the Tender and Paying Agent, as
amended, modified or supplemented, or any Alternate VRDP Shares Purchase
Agreement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;</font><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">VRDP Shares Remarketing Agreement</font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;
means the VRDP Shares remarketing agreement, dated as of December 15, 2021, by
and between the Corporation and the initial Remarketing Agent, as amended,
modified or supplemented from time to time, or any similar agreement with a
successor remarketing agent.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><a name="_Toc57655450"></a><b><font color=black face="times new roman bold" style="font-size:11.0pt;text-transform:uppercase;">PART I</font></b><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">&nbsp;</font></h1>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655451"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">1.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Number of Authorized Shares</font></b></h2>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">The initial number
of authorized shares constituting Series W-7 VRDP Shares is as set forth above
under the title &#8220;Designation.&#8221;</font></p>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655452"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">2.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Dividends</font></b></h2>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;">&nbsp;</h3>
<a name="_bclFooter20"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">18</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_21"></a><a name="_bclPageBorder21"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(a)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Ranking</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. The shares of each Series of VRDP Shares shall
rank on a parity with each other, with shares of each other Series of VRDP
Shares and with shares of any other Series of Preferred Shares as to the
payment of dividends by the Corporation.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(b)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Cumulative Cash Dividends</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. The Holders of shares of any
Series of VRDP Shares shall be entitled to receive, when, as and if declared by
the Board of Directors, out of legally available funds therefor in respect of
shares of the Corporation and in accordance with the Charter and applicable
law, cumulative cash dividends at the Applicable Rate for shares of such
Series, determined as set forth in paragraph (e) of this Section 2, and no more
(except to the extent set forth in Section 3 of Part I of these Articles
Supplementary and Section 6 of Part II of these Articles Supplementary),
payable on the Dividend Payment Dates with respect to shares of such Series
determined pursuant to paragraph (d) of this Section 2. Holders of VRDP Shares
shall not be entitled to any dividend, whether payable in cash, property or
shares, in excess of full cumulative dividends, as herein provided, on VRDP
Shares. No interest, or sum of money in lieu of interest, shall be payable in
respect of any dividend payment or payments on VRDP Shares which may be in
arrears, and no additional sum of money shall be payable in respect of such
arrearage, except that the Corporation shall pay as a supplemental dividend out
of legally available funds therefor in respect of shares of the Corporation and
otherwise in accordance with applicable law a Late Charge (as defined below in
paragraph (e)(i)(C) of this Section 2) on account of a Failure to Deposit, if
any, in respect of each day during the period commencing on the day a Failure
to Deposit occurs through and including the day immediately preceding the
earlier of (i) the day the Failure to Deposit is cured and (ii) the third (3rd)
Business Day next succeeding the day on which the Failure to Deposit occurred.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(c)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Dividends Cumulative from Date of Original Issue</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">.
Dividends on shares of any Series of VRDP Shares shall be declared daily and
accumulate at the Applicable Rate for shares of such Series from the Date of
Original Issue thereof.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(d)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Dividend Payment Dates and Adjustment Thereof</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. The
Dividend Payment Date with respect to shares of a Series of VRDP Shares shall
be the first (1st) Business Day of each calendar month; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">,</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">
</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">that:</font></h3>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(i)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">notwithstanding the foregoing, the Corporation in its discretion
may establish more frequent Dividend Payment Dates than monthly in respect of
any Minimum Rate Period, and the Dividend Payment Date for the Dividend Period
prior to the commencement of a Special Rate Period shall be the Business Day immediately
preceding the first (1st) day of such Special Rate Period; and</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(ii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">notwithstanding the foregoing, the Corporation in its discretion
may establish the Dividend Payment Dates in respect of any Special Rate Period
of shares of a Series of VRDP Shares consisting of more than seven Rate Period
Days; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, that such dates shall be set forth in
the Notice of Proposed Special Rate Period and Notice of Special Rate Period
relating to such Special Rate Period, as delivered to the Remarketing Agent, which
Notice of Proposed Special Rate Period and Notice of Special Rate Period shall
be filed with the Secretary of the Corporation; and further provided that (1)
any such Dividend Payment Date shall be a Business Day and (2) the last
Dividend Payment Date in respect of such Special Rate Period shall be the
Business Day immediately following the last day thereof, as such last day is
determined in accordance with paragraph (b) of Section 4 of Part I of these
Articles Supplementary.</font></h4>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(e)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Applicable Rates and Calculation of Dividends. </font></h3>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;">&nbsp;</h4>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">19</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_22"></a><a name="_bclPageBorder22"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(i)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Applicable Rates</font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. The dividend rate on shares of any
Series of VRDP Shares during the period from and after the Date of Original
Issue of shares of such Series to and including the last day of the Initial
Rate Period for shares of such Series shall be equal to the rate </font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">per annum</font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">
determined by the Board of Directors of the Corporation or pursuant to their
delegated authority. Except for Special Rate Periods, each Subsequent Rate
Period will be a Minimum Rate Period. For each Subsequent Rate Period for
shares of such Series thereafter, the dividend rate on shares of such Series
shall be equal to the rate </font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">per annum </font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">that results from the Applicable
Rate Determination for shares of such Series on the Rate Determination Date
immediately preceding such Subsequent Rate Period; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">,</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;"> however</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">,
that:</font></h4>

<h5 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(A)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">if an Applicable Rate Determination for any such Subsequent Rate
Period is not held for any reason, the dividend rate on shares of such Series
for such Subsequent Rate Period will be adjusted to the Maximum Rate for shares
of such Series on the Rate Determination Date therefor;</font></h5>

<h5 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(B)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">in the event of a Failed Remarketing Condition, the Applicable
Rate as of the close of business on the day the Failed Remarketing Condition
first occurs will be adjusted to the Maximum Rate (with the Applicable Spread
subject to adjustment as set forth in the definition of Applicable Spread), and
the Maximum Rate will continue to be the Applicable Rate (i) until the first
(1st) day of the next succeeding Subsequent Rate Period after a Failed
Remarketing Condition no longer exists in the case of a Minimum Rate Period or
a Special Rate Period of twenty-eight (28) Rate Period Days or fewer, and (ii)
until the first (1st) day of the next succeeding Dividend Period after a Failed
Remarketing Condition no longer exists in the case of a Special Rate Period of
greater than twenty-eight (28) Rate Period Days;</font></h5>

<h5 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(C)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">if any Failure to Deposit shall have occurred with respect to
shares of such Series during any Dividend Period thereof, but, prior to 12:00
noon, New York City time, on the third (3rd) Business Day next succeeding the
date on which such Failure to Deposit occurred, such Failure to Deposit shall
have been cured in accordance with paragraph (f) of this Section 2, and the
Corporation shall have paid to the Tender and Paying Agent as a late charge out
of legally available funds therefor in respect of shares of the Corporation and
otherwise in accordance with applicable law (&#8220;Late Charge&#8221;) daily supplemental
dividends equal in the aggregate to the sum of (1) if such Failure to Deposit
consisted of the failure to timely pay to the Tender and Paying Agent the full
amount of dividends with respect to any Dividend Period of the shares of such
Series, an amount computed by multiplying (x) the Applicable Rate for the Rate
Period during which such Failure to Deposit occurs on the Dividend Payment Date
for such Dividend Period </font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">plus </font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">2.00% by (y) a fraction, the numerator of
which shall be the number of days for which such Failure to Deposit has not been
cured in accordance with paragraph (f) of this Section 2 (including the day
such Failure to Deposit occurs and excluding the day such Failure to Deposit is
cured) and the denominator of which shall be 360, and applying the rate
obtained against the aggregate Liquidation Preference of the Outstanding shares
of such Series (with the amount for each individual day that such Failure to
Deposit occurs or continues uncured being declared as a supplemental dividend
on that day) and (2) if such Failure to Deposit consisted of the failure to
timely pay to the Tender and Paying Agent the Redemption Price of the shares,
if any, of such Series for which Notice of Redemption has been provided by the
Corporation pursuant to paragraph (c) of Section 10 of Part I of these Articles
Supplementary, an amount computed by multiplying, (x) for the Rate Period
during which such Failure to Deposit occurs on the Redemption Date, the
Applicable Rate </font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">plus </font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">2.00% by (y) a fraction, the numerator of which
shall be the number of days for which such Failure to Deposit is not cured in
accordance with paragraph (f) of this Section 2 (including the day such Failure
to Deposit occurs and excluding the day such Failure to Deposit is cured) and
the denominator of which shall be 360, and applying the rate obtained against
the aggregate Liquidation Preference of the Outstanding shares of such Series
to be redeemed (with the amount for each individual day that such Failure to
Deposit occurs or continues uncured being declared as a supplemental dividend
on that day), and if a Rate Determination Date occurs on the date on which such
Failure to Deposit </font></h5>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">20</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_23"></a><a name="_bclPageBorder23"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h5 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">occurred or on either of the two
Business Days succeeding that date, and the Failure to Deposit has not been
cured on such Rate Determination Date in accordance with paragraph (f) of this
Section 2, no Applicable Rate Determination will be held in respect of shares
of such Series for the Subsequent Rate Period relating to such Rate
Determination Date and the dividend rate for shares of such Series for such
Subsequent Rate Period will be the Maximum Rate for shares of such Series on
the Rate Determination Date for such Subsequent Rate Period; or</font></h5>

<h5 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(D)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">if any Failure to Deposit shall have occurred with respect to
shares of such Series during any Dividend Period thereof, and, prior to 12:00
noon, New York City time, on the third (3rd) Business Day next succeeding the
date on which such Failure to Deposit occurred, such Failure to Deposit shall
not have been cured in accordance with paragraph (f) of this Section 2 or the
Corporation shall not have paid the applicable Late Charge to the Tender and
Paying Agent, no Applicable Rate Determination will occur in respect of shares
of such Series for the first Subsequent Rate Period thereof thereafter (or for
any Subsequent Rate Period thereof thereafter to and including the Subsequent
Rate Period during which (1) such Failure to Deposit is cured in accordance
with paragraph (f) of this Section 2 and (2) the Corporation pays the
applicable Late Charge to the Tender and Paying Agent, in each case no later
than 12:00 noon, New York City time, on the fourth (4th) Business Day prior to
the end of such Subsequent Rate Period), and the dividend rate for shares of
such Series for each such Subsequent Rate Period shall be a rate </font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">per annum </font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">equal
to the Maximum Rate for shares of such Series on the Rate Determination Date
for such Subsequent Rate Period (but with the prevailing rating for shares of
such Series, for purposes of determining such Maximum Rate, being deemed to be
&#8220;below &#8216;BBB-&#8217; and below &#8216;Baa3&#8217;&#8221;).</font></h5>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Each dividend rate determined in accordance
with this paragraph (e)(i) of Section 2 of Part I of these Articles
Supplementary shall be an &#8220;Applicable Rate.&#8221;</font></p>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(ii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Calculation of Dividends</font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. The amount of dividends per
share payable on shares of a Series of VRDP Shares on any Dividend Payment Date
shall equal the sum of the dividends accumulated but not yet paid for each Rate
Period (or part thereof) in the related Dividend Period or Dividend Periods.
The amount of dividends accumulated for each such Rate Period (or part thereof)
shall be computed by multiplying the Applicable Rate in effect for shares of
such Series for such Rate Period (or part thereof) by a fraction, the numerator
of which shall be the number of days in such Rate Period (or part thereof) and
the denominator of which shall be the actual number of days in the year (365 or
366), and multiplying such product by $100,000.</font></h4>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(f)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Curing a Failure to Deposit</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. A Failure to Deposit with
respect to shares of a Series of VRDP Shares shall have been cured (if such
Failure to Deposit is not solely due to the willful failure of the Corporation
to make the required payment to the Tender and Paying Agent) with respect to
any Dividend Period of shares of such Series if, within the respective time
periods described in paragraph (e)(i) of this Section 2, the Corporation shall
have paid to the Tender and Paying Agent (A) all accumulated but unpaid
dividends on shares of such Series and (B) without duplication, the Redemption
Price for shares, if any, of such Series for which Notice of Redemption has
been provided by the Corporation pursuant to paragraph (c) of Section 10 of
Part I of these Articles Supplementary; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">,</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;"> however</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, that
the foregoing clause (B) shall not apply to the Corporation&#8217;s failure to pay
the Redemption Price in respect of shares of a Series of VRDP Shares when the
related Notice of Redemption provides that redemption of such shares is subject
to one or more conditions precedent and any such condition precedent shall not
have been satisfied at the time or times and in the manner specified in such
Notice of Redemption.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(g)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Dividend Payments by Trust to Tender and Paying Agent</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. In
connection with each Dividend Payment Date for shares of a Series of VRDP
Shares, the Corporation shall pay to the Tender and Paying Agent, not later
than 12:00 noon, New York City time, on the earlier of (A) the third (3rd)
Business </font></h3>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">21</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_24"></a><a name="_bclPageBorder24"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Day next succeeding the Rate Determination
Date immediately preceding the Dividend Payment Date for such Series and (B)
the Business Day immediately preceding the Dividend Payment Date for such
Series (or as otherwise provided for and in connection with designation of a
Special Rate Period), an aggregate amount of Deposit Securities equal to the
dividends to be paid to all Holders of shares of such Series on such Dividend
Payment Date as determined in accordance with Section 2(e)(ii) of Part I of these
Articles Supplementary, or as otherwise provided for and in connection with the
designation of a Special Rate Period. If an aggregate amount of funds equal to
the dividends to be paid to all Holders of shares of such Series on such
Dividend Payment Date are not available in New York, New York by 12:00 noon,
New York City time, on the Business Day immediately preceding such Dividend Payment
Date, the Tender and Paying Agent will notify the Liquidity Provider by
Electronic Means of such fact prior to the close of business on such day.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(h)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Tender and Paying Agent as Trustee of Dividend Payments by the
Corporation</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. All Deposit Securities paid to the Tender and Paying Agent for
the payment of dividends (or for the payment of any Late Charge) shall be held
in trust for the payment of such dividends (and any such Late Charge) by the
Tender and Paying Agent for the benefit of the Holders specified in paragraph
(i) of this Section 2. The Tender and Paying Agent shall notify the Corporation
by Electronic Means of the amount of any funds deposited with the Tender and
Paying Agent by the Corporation for any reason under the Tender and Paying
Agent Agreement, including for the payment of dividends or the redemption of
shares of a Series of VRDP Shares (or any Late Charge), that remain with the
Tender and Paying Agent after ninety (90) days from the date of such deposit
and such amount shall, to the extent permitted by law, be repaid to the
Corporation or the Liquidity Provider, as the case may be, by the Tender and
Paying Agent upon request by Electronic Means of the Corporation or the
Liquidity Provider, as the case may be.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(i)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Dividends Paid to Holders</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Each dividend on shares of a
Series of VRDP Shares shall be declared daily to the Holders thereof at the
close of business on each such day and paid on each Dividend Payment Date to
the Holders thereof at the close of business on the day immediately preceding
such Dividend Payment Date. In connection with any transfer of shares of a
Series of VRDP Shares, the transferor as Beneficial Owner of such shares shall
be deemed to have agreed pursuant to the terms of such Series of VRDP Shares to
transfer to the transferee the right to receive from the Corporation any
dividends declared and unpaid for each day prior to the transferee becoming the
Beneficial Owner of such VRDP Shares in exchange for payment of the Purchase
Price for such VRDP Shares by the transferee.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(j)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Dividends Credited Against Earliest Accumulated But Unpaid
Dividends</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Any dividend payment made on shares of a Series of VRDP Shares
that is insufficient to cover the entire amount of dividends payable shall
first be credited against the earliest accumulated but unpaid dividends due
with respect to such shares of such Series. Dividends in arrears for any past
Dividend Period may be declared and paid on any date, without reference to any
regular Dividend Payment Date, to the Holders on the record books of the
Corporation as of a record date to be fixed by the Board of Directors, such
record date not to exceed fifteen (15) days preceding the payment date of such
dividends.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(k)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Dividends Designated as Exempt-Interest Dividends</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">.
Dividends on shares of a Series of VRDP Shares shall be designated as
exempt-interest dividends up to the amount of the Net Tax-Exempt Income of the
Corporation, to the extent permitted by, and for purposes of, Section 852 of
the Code.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655453"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">3.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Gross-Up Payments</font></b></h2>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:.4pt;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Holders of shares of a Series of VRDP Shares shall be
entitled to receive, when, as and if declared by the Board of Directors, out of
legally available funds therefor in respect of shares of the Corporation and in
accordance with the Charter and applicable law, dividends in an amount equal to
the aggregate Gross-up Payments as follows:</font></p>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;">&nbsp;</h3>
<a name="_bclFooter24"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">22</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_25"></a><a name="_bclPageBorder25"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(a)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">If the Corporation allocates any net capital gains or ordinary
income taxable for regular federal income tax purposes to a dividend paid on
shares of a Series of VRDP Shares without either having given advance notice
thereof to the Remarketing Agent or simultaneously increasing such dividend
payment by an additional amount, both as provided in Section 6 of Part II of these
Articles Supplementary (such allocation being referred to herein as a &#8220;Taxable
Allocation&#8221;), the Corporation shall, prior to the end of the calendar year in
which such dividend was paid, provide notice thereof to the Remarketing Agent
and direct the Tender and Paying Agent to send such notice with a Gross-up
Payment to the Holder that was entitled to such dividend payment during such
calendar year at such Holder&#8217;s address as the same appears or last appeared on
the record books of the Corporation.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(b)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The Corporation shall not be required to make Gross-up Payments
with respect to any net capital gains or ordinary income determined by the
Internal Revenue Service to be allocable in a manner different from the manner
used by the Corporation.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655454"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">4.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Designation of Special Rate Periods</font></b></h2>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(a)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Length of and Preconditions for Special Rate Period</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. The
Corporation, at its option, may designate any succeeding Subsequent Rate Period
of a Series of VRDP Shares as a Special Rate Period (a &#8220;Special Rate Period&#8221;)
consisting of a specified number of Rate Period Days evenly divisible by seven
(7) (except with respect to the Initial Special Rate Period) and not more than
1,820, subject to adjustment as provided in paragraph (b) of this Section 4.
Such a designation of a Special Rate Period shall be effective only if (A) it
is permitted by applicable law and the Charter, (B) notice thereof shall have
been given in accordance with paragraph (c) and paragraph (d)(i) of this
Section 4, (C) no shares of such Series of VRDP Shares are owned by the
Liquidity Provider as Purchased VRDP Shares pursuant to the Purchase Obligation
on either the Rate Determination Date for such proposed Special Rate Period or
on the first (1st) day of such Special Rate Period and full cumulative
dividends and any amounts due with respect to redemptions payable prior to such
date have been paid in full, and (D) if any Notice of Redemption shall have
been provided by the Corporation pursuant to paragraph (c) of Section 10 of
Part I of these Articles Supplementary with respect to any shares of such
Series of VRDP Shares, the Redemption Price with respect to such VRDP Shares
shall have been deposited with the Tender and Paying Agent. In the event the
Corporation wishes to designate any succeeding Subsequent Rate Period for
shares of a Series of VRDP Shares as a Special Rate Period consisting of more
than twenty-eight (28) Rate Period Days, the Corporation shall notify Moody&#8217;s
(if Moody&#8217;s is then rating shares of such Series of VRDP Shares at the request
of the Corporation), Fitch (if Fitch is then rating shares of such Series of
VRDP Shares at the request of the Corporation) and each Other Rating Agency (if
any Other Rating Agency is then rating shares of such Series of VRDP Shares at
the request of the Corporation) in advance of the commencement of such
Subsequent Rate Period that the Corporation wishes to designate such Subsequent
Rate Period as a Special Rate Period and shall provide Moody&#8217;s (if Moody&#8217;s is
then rating shares of such Series of VRDP Shares at the request of the
Corporation), Fitch (if Fitch is then rating shares of such Series of VRDP
Shares at the request of the Corporation) and each Other Rating Agency (if any
Other Rating Agency is then rating shares of such Series of VRDP Shares at the
request of the Corporation) with such documents as they may request.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(b)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Adjustment of Length of Special Rate Period</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. In the event the
Corporation wishes to designate a Subsequent Rate Period as a Special Rate
Period, but the day that would otherwise be the last day of such Special Rate
Period is not a Wednesday that is a Business Day in the case of a Series of
VRDP Shares designated as &#8220;Series W-7 Variable Rate Demand Preferred Shares&#8221;,
then the Special Rate Period shall end on the next Business Day following such
last day and the succeeding Subsequent Rate Period will end on the following
Wednesday or, if the succeeding Subsequent Rate Period is a Special Rate
Period, it shall end on a Wednesday as designated by the Corporation, subject
in each case to the foregoing Business Day requirement.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;">&nbsp;</h3>
<a name="_bclFooter25"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">23</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_26"></a><a name="_bclPageBorder26"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(c)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Notice of Proposed Special Rate Period</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Except in the case
of an Initial Special Rate Period, if the Corporation proposes to designate any
succeeding Subsequent Rate Period for shares of a Series of VRDP Shares as a
Special Rate Period pursuant to paragraph (a) of this Section 4, not less than
twenty (20) (or such lesser number of days as may be agreed to from time to
time by the Remarketing Agent) nor more than thirty (30) days prior to the date
the Corporation proposes to designate as the first (1st) day of such Special
Rate Period (which shall be such day that would otherwise be the first (1st)
day of a Minimum Rate Period), notice (&#8220;Notice of Proposed Special Rate
Period&#8221;) shall be sent by the Corporation by first-class mail, postage prepaid
or by Electronic Means, to the Holders of shares of such Series with copies
provided to the Tender and Paying Agent, the Liquidity Provider and the
Remarketing Agent. Each such notice shall state(A)&nbsp;that
the Corporation may exercise its option to designate a succeeding Subsequent
Rate Period of shares of such Series as a Special Rate Period, specifying the
first (1st) day thereof, (B)&nbsp;that the Corporation will, by 11:00 a.m., New
York City time, on the second Business Day immediately preceding such date (or
by such later time or date, or both, as may be agreed to by the Remarketing
Agent) notify the Remarketing Agent of either (x) its determination, subject to
certain conditions, to exercise such option, or (y) its determination not to
exercise such option, (C)&nbsp;the Rate Determination Date immediately prior to
the first (1st) day of such Special Rate Period, (D)&nbsp;the
rate calculation period to be used in determining the Applicable Rate if the
term thereof is different from the term of the Special Rate Period and any
other special provisions relating to the calculation of the Applicable Rate,
including any provision for setting the Applicable Rate by reference to any
index or to the ratings of the VRDP Shares or specifying any additional events
or conditions the existence or occurrence of which result in adjustments to the
Applicable Rate or additional fees or payments in respect of shares of such
Series of VRDP Shares (which provisions may vary provisions that are set forth
in the Charter (including the Articles Supplementary), provided that the
provisions and variations are clearly and expressly set forth in the Notice of
Special Rate Period), (E)&nbsp;that such Special Rate Period shall not commence
if (1) any shares of such Series of VRDP Shares are owned by </font><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">the Liquidity Provider pursuant to the Purchase Obligation
on either the Rate Determination Date for such Special Rate Period or on the
first (1st) day of such Special Rate Period, or (2) full cumulative dividends
or any amounts due with respect to redemptions payable prior to such Rate Determination
Date have not been paid in full, (F)&nbsp;the scheduled
Dividend Payment Dates for shares of such Series of VRDP Shares during such
Special Rate Period, (G)&nbsp;the Special
Redemption Provisions, if any, applicable to shares of such Series of VRDP
Shares in respect of such Special Rate Period, (H)&nbsp;the Special
Optional Tender Provisions, if any, applicable to shares of such Series of VRDP
Shares in respect of such Special Rate Period (including whether the Optional
Tender provisions shall be applicable or otherwise subject to special
conditions during the Special Rate Period), (I)&nbsp;the special
provisions, if any, relating to the transfer of the shares of such Series of
VRDP Shares during the Special Rate Period, (J)&nbsp;the special
provisions, if any, related to Taxable Allocations during the Special Rate
Period and any resulting Gross-up Payments during the Special Rate Period
including, but not limited to, that Section 3 of Part I and Section 6 of Part
II of these Articles Supplementary shall have no effect during the Special Rate
Period and that, instead, alternative special provisions shall be observed
during such period, (K)&nbsp;the special
provisions, if any, relating to the creation and termination of the Special
Rate Period including, but not limited to, any provisions relating to the
nature and scope of the obligations and rights of the Liquidity Provider and
the Remarketing Agent in connection therewith, the short-term credit ratings of
the Liquidity Provider and the short-term preferred stock ratings of the VRDP
Shares, the Remarketing of the VRDP Shares upon the termination of the Special
Rate Period, the applicability of the redemption and certain other related
provisions of the Articles Supplementary with respect to shares of such Series
of VRDP Shares held by the Liquidity Provider (whether or not in its capacity
as such) during the Special Rate Period and any rights of the Corporation to
request Holders of such Series of VRDP Shares to agree to an extension of the
Special Rate Period prior to the termination thereof and (L)&nbsp;the special
provisions, if any, relating to Mandatory Tender Events and Mandatory Tenders
with respect to shares of such Series of VRDP Shares during the Special Rate
Period (including whether Mandatory Tender Events and Mandatory Tenders shall
be applicable during the Special Rate Period).</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;">&nbsp;</h3>
<a name="_bclFooter26"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">24</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_27"></a><a name="_bclPageBorder27"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(d)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Notice of Special Rate Period</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. No later than 11:00 a.m.,
New York City time, on the second Business Day immediately preceding the first
(1st) day of any proposed Special Rate Period for shares of a Series of VRDP
Shares as to which notice has been given as set forth in paragraph (c) of this
Section 4 (or such later time or date, or both, as may be agreed to by the
Remarketing Agent), the Corporation shall deliver to the Remarketing Agent and
the Liquidity Provider either:</font></h3>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(i)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">a notice (&#8220;Notice of Special Rate Period&#8221;) stating (A) that the
Corporation has determined to designate the next succeeding Rate Period for
shares of such Series of VRDP Shares as a Special Rate Period, specifying the
same and the first (1st) day thereof, (B) the Rate Determination Date
immediately prior to the first (1st) day of such Special Rate Period, (C) the
rate calculation period to be used in determining the Applicable Rate if the
term thereof is different from the term of the Special Rate Period and any
other special provisions relating to the calculation of the Applicable Rate,
including any provision for setting the Applicable Rate by reference to any
index or to the ratings of the VRDP Shares or specifying any additional events
or conditions the existence or occurrence of which result in adjustments to the
Applicable Rate or additional fees or payments in respect of shares of such
Series of VRDP Shares (which provisions may vary provisions that are set forth
in the Charter (including these Articles Supplementary), provided that the
provisions and variations are clearly and expressly set forth in the Notice of
Special Rate Period), (D) that such Special Rate Period shall not commence if
(1) any shares of such Series of VRDP Shares are owned by the Liquidity
Provider as Purchased VRDP Shares pursuant to the Purchase Obligation on either
the Rate Determination Date for such Special Rate Period or on the first (1st)
day of such Special Rate Period, or (2) full cumulative dividends or any
amounts due with respect to redemptions payable prior to such Rate
Determination Date have not been paid in full, (E) the scheduled Dividend
Payment Dates for shares of such Series of VRDP Shares during such Special Rate
Period, (F) the Special Redemption Provisions, if any, applicable to shares of
such Series of VRDP Shares in respect of such Special Rate Period, (G) the
Special Optional Tender Provisions, if any, applicable to shares of such Series
of VRDP Shares in respect of such Special Rate Period (including whether the
Optional Tender provisions shall be applicable or otherwise subject to special
conditions during the Special Rate Period), (H) the special provisions, if any,
relating to the transfer of the shares of such Series of VRDP Shares during the
Special Rate Period, (I) the special provisions, if any, related to Taxable
Allocations during the Special Rate Period and any resulting Gross-up Payments
during the Special Rate Period including, but not limited to, that Section 3 of
Part I and Section 6 of Part II of these Articles Supplementary shall have no
effect during the Special Rate Period and that, instead, alternative special
provisions shall be observed during such period, (J) the special provisions, if
any, relating to the creation and termination of the Special Rate Period
including, but not limited to, any provisions relating to the nature and scope
of the obligations and rights of the Liquidity Provider and the Remarketing
Agent in connection therewith, the short-term credit ratings of the Liquidity
Provider and the short-term preferred stock ratings of the VRDP Shares, the
Remarketing of the VRDP Shares upon the termination of the Special Rate Period,
the applicability of the redemption and certain other related provisions of these
Articles Supplementary with respect to shares of such Series of VRDP Shares
held by the Liquidity Provider (whether or not in its capacity as such) during
the Special Rate Period and any rights of the Corporation to request Holders of
such Series of VRDP Shares to agree to an extension of the Special Rate Period
prior to the termination thereof and (K) the special provisions, if any,
relating to Mandatory Tender Events and Mandatory Tenders with respect to
shares of such Series of VRDP Shares during the Special Rate Period (including
whether Mandatory Tender Events and Mandatory Tenders shall be applicable
during the Special Rate Period), such notice to be </font></h4>
<a name="_bclFooter27"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">25</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_28"></a><a name="_bclPageBorder28"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">accompanied
by a VRDP Shares Basic Maintenance Report showing that, as of the third (3rd)
Business Day immediately preceding such proposed Special Rate Period, Moody&#8217;s
Eligible Assets (if Moody&#8217;s is then rating such VRDP Shares at the request of the
Corporation), Fitch Eligible Assets (if Fitch is then rating such VRDP Shares
at the request of the Corporation) and Other Rating Agency Eligible Assets (if
any Other Rating Agency is then rating such VRDP Shares at the request of the
Corporation) each have an aggregate Discounted Value at least equal to the VRDP
Shares Basic Maintenance Amount as of such Business Day (assuming for purposes
of the foregoing calculation that (a) the Maximum Rate is the Maximum Rate on
such Business Day as if such Business Day were the Rate Determination Date for
the proposed Special Rate Period, and (b) the Moody&#8217;s Discount Factors
applicable to Moody&#8217;s Eligible Assets are determined by reference to the first
Exposure Period (as defined in the Moody&#8217;s Guidelines) longer than the Exposure
Period then applicable to the Corporation, as described in the Moody&#8217;s
Guidelines); or</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(ii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">a notice stating that the Corporation has determined not to
exercise its option to designate a Special Rate Period for shares of such
Series and that the next succeeding Rate Period of shares of such Series shall
be a Minimum Rate Period.</font></h4>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(e)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Failure to Deliver Notice of Special Rate Period</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. If the
Corporation fails to deliver </font><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">either of the notices
described in paragraphs (d)(i) or (d)(ii) of this Section 4 (and, in the case
of the notice described in paragraph (d)(i) of this Section 4, a VRDP Shares
Basic Maintenance Report to the effect set forth in such paragraph (but only if
Moody&#8217;s, Fitch or an Other Rating Agency is then rating the Series in question
pursuant to the request of the Corporation)) with respect to any designation of
any proposed Special Rate Period to the Remarketing Agent and the Liquidity
Provider by 11:00 a.m., New York City time, on the second Business Day immediately
preceding the first (1st) day of such proposed Special Rate Period (or by such
later time or date, or both, as may be agreed to by the Remarketing Agent and
the Liquidity Provider), the Corporation shall be deemed to have delivered a
notice to the Remarketing Agent and the Liquidity Provider with respect to such
Special Rate Period to the effect set forth in paragraph (d)(ii) of this
Section 4. In the event the Corporation delivers to the Remarketing Agent and
the Liquidity Provider a notice described in paragraph (d)(i) of this Section
4, it shall file a copy of such notice with the Secretary of the Corporation,
and the contents of such notice shall, during the Special Rate Period, be
deemed a part of the Articles Supplementary and binding on the Corporation and
the Holders and Beneficial Owners of the shares of such Series of VRDP Shares.
In the event the Corporation delivers to the Remarketing Agent and the
Liquidity Provider a notice described in paragraph (d)(ii) of this Section 4, the
Corporation will provide Moody&#8217;s (if Moody&#8217;s is then rating the VRDP Shares in
question pursuant to the request of the Corporation) and Fitch (if Fitch is
then rating the VRDP Shares in question pursuant to the request of the
Corporation) and each Other Rating Agency (if any Other Rating Agency is then
rating the VRDP Shares in question pursuant to the request of the Corporation)
a copy of such notice.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(f)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Termination Date</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Notwithstanding the foregoing, no
Special Rate Period shall end later than the fifteenth (15<sup>th</sup>) day
prior to the Scheduled Termination Date at which point the Rate Periods shall
revert to Minimum Rate Periods.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(g)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Initial Rate Period.</font></u><b><font face="Times New Roman" style="font-size:11.0pt;"> </font></b><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Notwithstanding any other
provision in these Articles Supplementary to the contrary, the Corporation may
designate the Initial Rate Period as a Special Rate Period on the Date of
Original Issue. In the event the Corporation designates the Initial Rate Period
a Special Rate Period, the Corporation shall deliver a Notice of Special Rate
Period to the Remarketing Agent and Liquidity Provider on the Date of Original
Issue and file a copy of such notice with the Secretary of the Corporation, and
the contents of such notice shall be binding on the Corporation and the Holders
and Beneficial Owners of the shares of such Series of VRDP Shares.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;">&nbsp;</h3>
<a name="_bclFooter28"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">26</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_29"></a><a name="_bclPageBorder29"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(h)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Notice to Holders</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. In the event the Corporation delivers
to the Remarketing Agent and the Liquidity Provider a Notice of Special Rate
Period, it shall deliver, concurrently with the delivery thereof to the
Remarketing Agent and the Liquidity Provider, such Notice of Special Rate
Period to the Holders of the shares of such Series of VRDP Shares. During the
term of the Special Rate Period, the Corporation shall provide a copy of the
Notice of Special Rate Period to (i) any Holder or Beneficial Owner of the
shares of such Series of VRDP Shares upon request and (ii) any Holder or
Beneficial Owner that is a transferee in any transfer of the shares of such
Series of VRDP Shares during the Special Rate Period promptly after receiving
the notice described below, provided the Corporation has been notified of any
such transfer and has been provided with the contact information of such Holder
or Beneficial Owner, as applicable.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(i)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Ambiguities</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. In the event of any conflict between the
terms of the Notice of Special Rate Period and the terms of these Articles
Supplementary, the terms of the Notice of Special Rate Period shall govern.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(j)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Amendments</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. A Notice of Special Rate Period may be amended
by the Corporation at any time; provided, however, that the Corporation shall
deliver any such amendment to the Remarketing Agent, the Liquidity Provider and,
except in the case of an Initial Special Rate Period, the Holders of the shares
of the Series of VRDP Shares subject to the Special Rate Period in the manner
described in this Section 4 of Part I of these Articles Supplementary, provided
that the Corporation will not, without the prior written consent of the Tender
and Paying Agent (which consent shall not be unreasonably withheld), amend the
Notice of Special Rate Period in a manner that adversely changes the rights,
duties, privileges and immunities of the Tender and Paying Agent under the
Tender and Paying Agent Agreement, the VRDP Shares Purchase Agreement or
otherwise.</font></h3>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655455"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">5.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Voting Rights</font></b></h2>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(a)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">One Vote Per VRDP Share</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Except as otherwise provided in
the Charter or as otherwise required by law, (i) each Holder of shares of a
Series of VRDP Shares shall be entitled to one vote for each such share held by
such Holder on each matter submitted to a vote of shareholders of the
Corporation, and (ii) the holders of outstanding Preferred Shares, including
each share of a Series of VRDP Shares, and of Common Shares shall vote together
as a single class; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, that the holders of
outstanding Preferred Shares, including VRDP Shares, voting together as a
class, to the exclusion of the holders of all other securities and classes of stock
of the Corporation, shall be entitled to elect two Directors of the Corporation
at all times, each Preferred Share, including each share of a Series of VRDP
Shares, entitling the holder thereof to one vote. Subject to paragraph (b) of
this Section 5, the holders of outstanding Common Shares and Preferred Shares,
including VRDP Shares, voting together as a single class, shall elect the
balance of the Directors.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(b)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Voting for Additional Directors. </font></u></h3>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(i)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Voting Period</font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. During any period in which any one or more
of the conditions described in subparagraphs (A) or (B) of this paragraph
(b)(i) shall exist (such period being referred to herein as a &#8220;Voting Period&#8221;),
the number of Directors constituting the Board of Directors shall be
automatically increased by the smallest number that, when added to the two Directors
elected exclusively by the holders of Preferred Shares, including the VRDP
Shares, would constitute a majority of the Board of Directors as so increased
by such smallest number; and the holders of Preferred Shares, including the
VRDP Shares, shall be entitled, voting together as a single class on a
one-vote-per-share basis (to the exclusion of the holders of all other
securities and classes of shares of stock of the Corporation), to elect </font></h4>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_30"></a><a name="_bclPageBorder30"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">such smallest number of additional Directors, together
with the two Directors that such holders are in any event entitled to elect. A
Voting Period shall commence:</font></h4>

<h5 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(A)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">if at the close of business on any Dividend Payment Date
accumulated dividends (whether or not earned or declared) on any outstanding
Preferred Shares, including the VRDP Shares, equal to at least two (2) full
years&#8217; dividends shall be due and unpaid and sufficient cash or specified
securities shall not have been deposited with the Tender and Paying Agent for
the payment of such accumulated dividends; or</font></h5>

<h5 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(B)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">if at any time holders of Preferred Shares are entitled under the
1940 Act to elect a majority of the Directors of the Corporation.</font></h5>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Upon the termination of a Voting Period, the
voting rights described in this paragraph (b)(i) shall cease, subject always,
however, to the revesting of such voting rights in the holders of Preferred
Shares upon the further occurrence of any of the events described in this
paragraph (b)(i).</font></p>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(ii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Notice of Special Meeting</font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. As soon as reasonably practicable
after the accrual of any right of the holders of Preferred Shares to elect
additional Directors as described in paragraph (b)(i) of this Section 5, the
Corporation may call a special meeting of such holders, such call to be made by
notice as provided in the bylaws of the Corporation, such meeting to be held
not less than ten (10) nor more than sixty (60) days after the date of mailing
of such notice. If a special meeting is not called by the Corporation, it may
be called by any such holder on like notice. The record date for determining
the holders entitled to notice of and to vote at such special meeting shall be
not more than sixty (60) nor less than ten (10) days prior to the date of such
special meeting. At any such special meeting and at each meeting of holders of
Preferred Shares held during a Voting Period at which Directors are to be
elected, such holders, voting together as a class (to the exclusion of the
holders of all other securities and classes of shares of stock of the
Corporation), shall be entitled to elect the number of Directors prescribed in
paragraph (b)(i) of this Section 5 on a one-vote-per-share basis.</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(iii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Terms of Office of Existing Directors</font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. The terms of office
of all persons who are Directors of the Corporation at the time of a special
meeting of Holders and holders of other Preferred Shares to elect Directors
shall continue, notwithstanding the election at such meeting by the Holders and
such other holders of other Preferred Shares of the number of Directors that
they are entitled to elect, and the persons so elected by the Holders and such
other holders of other Preferred Shares, together with the two incumbent Directors
elected by the Holders and such other holders of other Preferred Shares and the
remaining incumbent Directors elected by the holders of the Common Shares and
Preferred Shares, shall constitute the duly elected Directors of the
Corporation.</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(iv)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Terms of Office of Certain Directors to Terminate Upon
Termination of Voting Period</font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Simultaneously with the termination of a Voting
Period, the terms of office of the additional Directors elected by the Holders
and holders of other Preferred Shares pursuant to paragraph (b)(i) of this
Section 5 shall terminate, the remaining Directors shall constitute the Directors
of the Corporation and the voting rights of the Holders and such other holders
to elect additional Directors pursuant to paragraph (b)(i) of this Section 5
shall cease, subject to the provisions of the last sentence of paragraph (b)(i)
of this Section 5.</font></h4>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;">&nbsp;</h3>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_31"></a><a name="_bclPageBorder31"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(c)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Holders of VRDP Shares to Vote on Certain Other Matters</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. </font></h3>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(i)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Increases in Capitalization and Certain Amendments</font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. So
long as shares of any Series of VRDP Shares are Outstanding, the Corporation
shall not, without the affirmative vote or consent of the Holders of at least a
majority of the VRDP Shares Outstanding at the time, in person or by proxy,
either in writing or at a meeting, voting as a separate class: (a) authorize,
create or issue any class or series of shares ranking prior to or, except as
provided below, on a parity with the VRDP Shares with respect to the payment of
dividends or the distribution of assets upon dissolution, liquidation or
winding up of the affairs of the Corporation, or authorize, create or issue
additional shares of any Series of VRDP Shares (except that, notwithstanding
the foregoing, but subject to certain Rating Agency approvals, the Board of Directors,
without the vote or consent of the Holders, may from time to time authorize and
create, and the Corporation may from time to time issue additional shares of,
any Series of VRDP Shares or classes or series of Preferred Shares ranking on a
parity with the VRDP Shares with respect to the payment of dividends and the
distribution of assets upon dissolution, liquidation or winding up of the affairs
of the Corporation), or (b) amend, alter or repeal the provisions of the
Charter, or these Articles Supplementary, whether by merger, consolidation or
otherwise, so as to adversely affect any preference, right or power of such
VRDP Shares or the Holders thereof set forth in the Charter or these Articles
Supplementary; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, that (i) none of the actions
permitted by the exception to clause (a) above will be deemed to affect such
preferences, rights or powers, (ii) a division of a VRDP Share will be deemed
to affect such preferences, rights or powers only if the terms of such division
adversely affect the Holders of the VRDP Shares and the authorization, creation
and issuance of classes or series of shares ranking junior to the VRDP Shares
with respect to the payment of dividends and the distribution of assets upon
dissolution, liquidation or winding up of the affairs of the Corporation will
be deemed to affect such preferences, rights or powers only if such issuance
would, at the time thereof, cause the Corporation not to satisfy the Minimum
VRDP Shares Asset Coverage or, if Moody&#8217;s, Fitch or any Other Rating Agency is
then rating shares of a Series of VRDP Shares at the request of the Corporation,
the VRDP Shares Basic Maintenance Amount. For purposes of the foregoing, except
as otherwise set forth in these Articles Supplementary, no matter shall be
deemed to adversely affect any right, preference or power of a Series of VRDP
Shares or the Holders thereof unless such matter (i) alters or abolishes the
terms of any preferential rights of such Series, (ii) creates, alters or
abolishes the terms of any right in respect of redemption of such Series, or
(iii) creates or alters (other than to abolish or to comply with applicable
law) the terms of any restriction on transfer applicable to such Series. So
long as any shares of any Series of VRDP Shares are Outstanding, the
Corporation will not, without the affirmative vote or consent of the Holders of
at least 66<sup>2</sup>/<sub>3</sub>% of the VRDP Shares Outstanding at the time,
in person or by proxy, either in writing or at a meeting, voting as a separate
class, file a voluntary application for relief under federal bankruptcy law or
any similar application under state law for so long as the Corporation is
solvent and does not foresee becoming insolvent. If any action set forth above
would adversely affect the rights of one or more Series (the &#8220;Affected Series&#8221;)
of VRDP Shares in a manner different from any other Series of VRDP Shares, the
Corporation will not approve any such action without the affirmative vote or
consent of the Holders of at least a majority of the shares of each such
Affected Series Outstanding at the time, in person or by proxy, either in
writing or at a meeting (each such Affected Series voting as a separate class).</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(ii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">1940 Act Matters. </font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Unless a higher percentage is provided
for in the Charter, (A) the affirmative vote of the holders of at least a
&#8220;majority of the outstanding Preferred Shares,&#8221; </font></h4>
<a name="_bclFooter31"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">29</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_32"></a><a name="_bclPageBorder32"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">including
VRDP Shares Outstanding at the time, voting as a separate class, shall be
required to approve any</font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;"> </font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">conversion of the Corporation from a closed-end
to an open-end investment company and (B) the affirmative vote of the holders
of a &#8220;majority of the outstanding Preferred Shares,&#8221; including VRDP Shares
Outstanding at the time, voting as a separate class, shall be required to
approve any plan of reorganization (as such term is used in the 1940 Act)
adversely affecting such shares. The affirmative vote of the holders of a
&#8220;majority of the outstanding Preferred Shares,&#8221; including VRDP Shares
Outstanding at the time, voting as a separate class, shall be required to
approve any action not described in the first sentence of this Section 5(c)(ii)
requiring a vote of security holders of the Corporation under Section 13(a) of
the 1940 Act. For purposes of the foregoing, &#8220;majority of the outstanding
Preferred Shares&#8221; means (i) 67% or more of such shares present at a meeting, if
the holders of more than 50% of such shares are present or represented by
proxy, or (ii) more than 50% of such shares, whichever is less. In the event a
vote of Holders of VRDP Shares is required pursuant to the provisions of
Section 13(a) of the 1940 Act, the Corporation shall, not later than ten (10)
Business Days prior to the date on which such vote is to be taken, notify
Moody&#8217;s (if Moody&#8217;s is then rating the VRDP Shares at the request of the
Corporation), Fitch (if Fitch is then rating the VRDP Shares at the request of the
Corporation) and each Other Rating Agency (if any Other Rating Agency is then rating
the VRDP Shares at the request of the Corporation) that such vote is to be
taken and the nature of the action with respect to which such vote is to be
taken.</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(iii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Exclusive Right to Vote on Certain Charter Amendments</font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">.
Notwithstanding the foregoing, and except as otherwise required by the 1940
Act, whenever a vote of Holders of VRDP Shares is required by the Charter or
applicable law, (i) Holders of Outstanding shares of a Series of VRDP Shares
will be entitled as a Series, to the exclusion of the holders of all other
securities, including other Preferred Shares, Common Shares and other classes
of shares of stock of the Corporation, to vote on matters affecting shares of
such Series of VRDP Shares that do not adversely affect any of the rights of
holders of such other securities, including other Preferred Shares, Common
Shares and other classes of shares of stock of the Corporation, as expressly
set forth in the Charter, and (ii) Holders of Outstanding shares of a Series of
VRDP Shares will not be entitled to vote on matters affecting any other
Preferred Shares that do not adversely affect any of the rights of Holders of
such Series of VRDP Shares, as expressly set forth in the Charter.</font></h4>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(d)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Board of Directors May Take Certain Actions Without
Shareholder Approval</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. The Corporation is not required to maintain any
particular short-term or long-term preferred stock ratings for a Series of VRDP
Shares; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, the Corporation will use its
reasonable best efforts to maintain at least one short-term preferred stock
rating of the VRDP Shares to the extent that the Liquidity Provider then has a
short-term debt rating; and the Board of Directors may, subject to this Section
5(d), at anytime, terminate the services of a Rating Agency then providing a
short-term or long-term preferred stock rating for such Series with or without
replacement, in either case, without the approval of Holders of shares of such
Series of VRDP Shares or other shareholders of the Corporation. The Corporation
is required to comply with the Rating Agency Provisions of a Rating Agency only
if such Rating Agency is then rating a Series of VRDP Shares at the request of the
Corporation.</font></h3>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(i)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Notwithstanding anything herein to the contrary (including
without limitation clause (ii) below), the Board of Directors, without the
approval of Holders of shares of any Series of VRDP Shares or other
shareholders of the Corporation, may terminate the services of any Rating
Agency then providing a short-term or long-term preferred stock rating for a
Series of VRDP Shares and replace it with another Rating Agency, provided that the
Corporation provides seven (7) days&#8217; notice by Electronic Means to Holders
prior to terminating the </font></h4>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">30</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_33"></a><a name="_bclPageBorder33"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">services of a Rating Agency
and replacing it with another Rating Agency. In the event a Rating Agency
ceases to furnish a short-term and long-term preferred stock rating or the
Corporation terminates a Rating Agency with replacement in accordance with this
clause (i), the Corporation shall no longer be required to comply with the applicable
Rating Agency Provisions of the Rating Agency ceasing to furnish a short-term
or long-term preferred stock rating, as the case may be, or so terminated and,
as applicable, the Corporation shall be required to thereafter comply only with
the Rating Agency Provisions of each Rating Agency then providing a short-term
or long-term preferred stock rating for a Series of VRDP Shares at the request
of the Corporation.</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(ii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(A)&#160; Notwithstanding anything herein to the contrary (including
without limitation clause (i) above), the Board of Directors, without the
approval of Holders of shares of any Series of VRDP Shares or other
shareholders of the Corporation, may terminate the services of any Rating
Agency then providing a short-term or long-term preferred stock rating for a
Series of VRDP Shares without replacement, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;"> that (I) the
Corporation has given the Remarketing Agent, the Tender and Paying Agent, and
the Liquidity Provider, and Moody&#8217;s, Fitch and each Other Rating Agency, as
applicable, and Holders of shares of such Series of VRDP Shares at least
forty-five (45) calendar days&#8217; advance written notice of such termination of
services, (II) the Corporation is in compliance with the Moody&#8217;s Provisions,
the Fitch Provisions and the Other Rating Agency Provisions, as the case may
be, at the time the notice required in clause (I) hereof is given and at the
time of the termination of services, and (III) shares of such Series of VRDP
Shares continue to have short-term and long-term ratings from at least one
NRSRO at the request of the Corporation at and after the time of the
termination of services.</font></h4>

<h5 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(B)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">On the date that the notice is given as described in the
preceding clause (A) and on the date that the services of Moody&#8217;s, Fitch or any
Other Rating Agency, as applicable, are terminated, the Corporation shall
provide the Tender and Paying Agent and Moody&#8217;s, Fitch and each Other Rating
Agency, as applicable, with an officers&#8217; certificate as to the compliance with
the provisions of the preceding clause (A), and, on such later date and
thereafter, the Corporation shall no longer be required to comply with the
Rating Agency Provisions of the Rating Agency whose services were terminated.</font></h5>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(iii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Notwithstanding anything herein to the contrary, but subject to
this Section 5(d), the Rating Agency Guidelines, as they may be amended from
time to time by the respective Rating Agency, will be reflected in a written
document and may be amended by the respective Rating Agency without the vote,
consent or approval of the Corporation, the Board of Directors or any holder of
Preferred Shares, including any Series of VRDP Shares, or any other shareholder
of the Corporation. The Board of Directors, without the vote or consent of any
holder of Preferred Shares, including any Series of VRDP Shares, or any other
shareholder of the Corporation, may from time to time take such actions as may
be reasonably required in connection with obtaining, maintaining or changing
the short-term or long-term rating of any Rating Agency that is then rating
shares of a Series of VRDP Shares at the request of the Corporation, and any
such action will not be deemed to affect the preferences, rights or powers of
Preferred Shares, including the VRDP Shares, or the holders thereof, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">
that the Board of Directors receives written confirmation from such Rating
Agency, as applicable, then rating such shares of a Series of VRDP Shares at
the request of the Corporation (with such confirmation in no event being
required to be obtained from a particular Rating Agency with respect to
definitions or other provisions relevant only to and adopted in connection with
another Rating Agency&#8217;s short-term or long-term preferred stock rating of any
Series of VRDP Shares) that any such action would </font></h4>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">31</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_34"></a><a name="_bclPageBorder34"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">not
adversely affect the short-term or long&#173;term preferred stock rating then
assigned by such Rating Agency.</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(iv)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Notwithstanding the foregoing, nothing in this Section 5 is
intended in any way to limit the ability of (A) the Corporation to make certain
adjustments in the VRDP Shares Remarketing Agreement as provided under the
definition of &#8220;Maximum Rate,&#8221; subject to the limitations set forth in such
definition, or (B) the Board of Directors to, subject to applicable law, amend
or alter any provisions of these Articles Supplementary, without the vote or
consent of any holder of Preferred Shares, including any Series of VRDP Shares,
or any other shareholder of the Corporation, as otherwise provided in these
Articles Supplementary.</font></h4>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(e)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Voting Rights Set Forth Herein are Sole Voting Rights</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">.
Unless otherwise required by law, the Holders of VRDP Shares shall not have any
relative rights or preferences or other special rights other than those
specifically set forth herein.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(f)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">No Preemptive Rights or Cumulative Voting</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. The Holders of
VRDP Shares shall have no preemptive rights or rights to cumulative voting.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(g)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Voting for Directors Sole Remedy for the Corporation&#8217;s Failure
to Pay Dividends</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. In the event that the Corporation fails to pay any
dividends on shares of a Series of VRDP Shares, the exclusive remedy of the
Holders of such Series shall be the right to vote for Directors pursuant to the
provisions of this Section 5.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(h)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Holders Entitled to Vote</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. For purposes of determining any
rights of the Holders to vote on any matter, whether such right is created by these
Articles Supplementary, by the other provisions of the Charter, by statute or
otherwise by applicable law, no Holder shall be entitled to vote any VRDP
Shares and no VRDP Shares shall be deemed to be &#8220;Outstanding&#8221; for the purpose
of voting or determining the number of shares required to constitute a quorum
if, prior to or concurrently with the time of determination of the VRDP Shares
entitled to vote or the VRDP Shares deemed Outstanding for quorum purposes, as
the case may be, the requisite Notice of Redemption with respect to such VRDP
Shares shall have been provided as set forth in paragraph (c) of Section 10 of
Part I of these Articles Supplementary and Deposit Securities in an amount
equal to the Redemption Price for the redemption of such VRDP Shares shall have
been deposited in trust with the Tender and Paying Agent. VRDP Shares held
(legally or beneficially) by the Corporation or any affiliate of the Corporation
or otherwise controlled by the Corporation shall not have any voting rights or
be deemed to be Outstanding for voting or for calculating the voting percentage
required on any other matter or other purposes.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(i)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Grant of Irrevocable Proxy</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. To the fullest extent
permitted by applicable law, </font><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">each Holder and
Beneficial Owner may in its discretion grant an irrevocable proxy</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655456"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">6.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Minimum VRDP Shares Asset Coverage</font></b></h2>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:.4pt;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">The Corporation shall maintain, as of the last Business
Day of each month in which any VRDP Share is Outstanding, the Minimum VRDP
Shares Asset Coverage.</font></p>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655457"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">7.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">VRDP Shares Basic Maintenance Amount</font></b></h2>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(a)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">So long as any VRDP Share is Outstanding, the Corporation shall
maintain, on each Valuation Date, and shall verify to its satisfaction that it
is maintaining on such Valuation Date, (i) Moody&#8217;s Eligible Assets having an
aggregate Discounted Value equal to or greater than the VRDP Shares Basic </font></h3>
<a name="_bclFooter34"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">32</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_35"></a><a name="_bclPageBorder35"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Maintenance Amount (if Moody&#8217;s is then rating the VRDP
Shares at the request of the Corporation), (ii) Fitch Eligible Assets having an
aggregate Discounted Value equal to or greater than the VRDP Shares Basic
Maintenance Amount (if Fitch is then rating the VRDP Shares at the request of the
Corporation), and (iii) Other Rating Agency Eligible Assets having an aggregate
Discounted Value equal to or greater than the VRDP Shares Basic Maintenance
Amount (if any Other Rating Agency is then rating the VRDP Shares at the
request of the Corporation).</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(b)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The Corporation shall deliver to each Rating Agency which is then
rating a Series of VRDP Shares at the request of the Corporation and any other
party specified in the Rating Agency Guidelines all certificates that are set
forth in the respective Rating Agency Guidelines regarding Minimum VRDP Shares
Asset Coverage, the VRDP Shares Basic Maintenance Amount and/or related
calculations at such times and containing such information as set forth in the
respective Rating Agency Guidelines (each, a &#8220;Rating Agency Certificate&#8221;). A
failure by the Corporation to deliver a Rating Agency Certificate with respect
to the VRDP Shares Basic Maintenance Amount shall be deemed to be delivery of a
Rating Agency Certificate indicating the Discounted Value for all assets of the
Corporation is less than the VRDP Shares Basic Maintenance Amount, as of the
relevant Valuation Date; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, that the Corporation
shall have the ability to cure such failure to deliver a Rating Agency
Certificate within one day of receipt of notice from such Rating Agency that the
Corporation failed to deliver such Rating Agency Certificate.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655458"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">8.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Restrictions on Dividends and Other Distributions</font></b></h2>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(a)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Dividends on Preferred Shares Other Than VRDP Shares</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">.
Except as set forth in the next sentence, no dividends shall be declared or
paid or set apart for payment on the shares of any class or series of stock of
the Corporation ranking, as to the payment of dividends, on a parity with the
VRDP Shares for any period unless full cumulative dividends have been or contemporaneously
are declared and paid on the shares of each Series of VRDP Shares through its
most recent Dividend Payment Date. When dividends are not paid in full upon the
shares of each Series of VRDP Shares through its most recent Dividend Payment
Date or upon the shares of any other class or series of stock of the
Corporation on a parity as to the payment of dividends with the VRDP Shares
through their most recent respective dividend payment dates, all dividends
declared upon the VRDP Shares and any other such class or series of stock of
the Corporation ranking on a parity as to the payment of dividends with the
VRDP Shares shall be declared </font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">pro rata </font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">so that the amount of dividends
declared per share on the VRDP Shares and such other class or series of stock
of the Corporation shall in all cases bear to each other the same ratio that
accumulated dividends per share on the VRDP Shares and such other class or
series of stock of the Corporation bear to each other (for purposes of this
sentence, the amount of dividends declared per VRDP Share shall be based on the
Applicable Rate for such VRDP Share effective during the Dividend Periods
during which dividends were not paid in full).</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(b)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Dividends and Other Distributions With Respect to Common
Shares Under the 1940 Act</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. The Board of Directors shall not declare any
dividend (except a dividend payable in Common Shares), or declare any other
distribution, upon the Common Shares, or purchase Common Shares, unless in
every such case the Preferred Shares have, at the time of any such declaration
or purchase, an asset coverage (as defined in and determined pursuant to the
1940 Act) of at least 200% (or such other asset coverage as may in the future
be specified in or under the 1940 Act as the minimum asset coverage for senior securities
which are shares or stock of a closed-end investment company as a condition of
declaring dividends on its common shares or stock) after deducting the amount
of such dividend, distribution or purchase price, as the case may be.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(c)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Other Restrictions on Dividends and Other Distributions</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">.
For so long as any VRDP Share is Outstanding, and except as set forth in
paragraph (a) of this Section 8 and paragraph (c) of Section 11 of this Part I,
(A) the Corporation shall not declare, pay or set apart for payment any
dividend or other </font></h3>
<a name="_bclFooter35"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">33</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_36"></a><a name="_bclPageBorder36"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">distribution (other than a dividend
or distribution paid in shares of, or in options, warrants or rights to
subscribe for or purchase, Common Shares or other shares, if any, ranking
junior to the VRDP Shares as to the payment of dividends and the distribution
of assets upon dissolution, liquidation or winding up) in respect of the Common
Shares or any other shares of the Corporation ranking junior to or on a parity
with the VRDP Shares as to the payment of dividends or the distribution of
assets upon dissolution, liquidation or winding up, or call for redemption,
redeem, purchase or otherwise acquire for consideration any Common Shares or
any other such junior shares (except by conversion into or exchange for shares
of the Corporation ranking junior to the VRDP Shares as to the payment of
dividends and the distribution of assets upon dissolution, liquidation or
winding up), or any such parity shares (except by conversion into or exchange
for shares of the Corporation ranking junior to or on a parity with VRDP Shares
as to the payment of dividends and the distribution of assets upon dissolution,
liquidation or winding up), unless (i) full cumulative dividends on shares of
each Series of VRDP Shares through its most recently ended Dividend Period
shall have been paid or shall have been declared and sufficient funds for the
payment thereof deposited with the Tender and Paying Agent and (ii) the
Corporation has redeemed the full number of VRDP Shares required to be redeemed
by any provision for mandatory redemption pertaining thereto, and (B) the
Corporation shall not declare, pay or set apart for payment any dividend or
other distribution (other than a dividend or distribution paid in shares of, or
in options, warrants or rights to subscribe for or purchase, Common Shares or
other shares, if any, ranking junior to VRDP Shares as to the payment of
dividends and the distribution of assets upon dissolution, liquidation or
winding up) in respect of Common Shares or any other shares of the Corporation
ranking junior to VRDP Shares as to the payment of dividends or the
distribution of assets upon dissolution, liquidation or winding up, or call for
redemption, redeem, purchase or otherwise acquire for consideration any Common
Shares or any other such junior shares (except by conversion into or exchange
for shares of the Corporation ranking junior to VRDP Shares as to the payment
of dividends and the distribution of assets upon dissolution, liquidation or
winding up), unless immediately after such transaction the Discounted Value of
Moody&#8217;s Eligible Assets (if Moody&#8217;s is then rating the VRDP Shares at the
request of the Corporation), Fitch Eligible Assets (if Fitch is then rating the
VRDP Shares at the request of the Corporation) and Other Rating Agency Eligible
Assets (if any Other Rating Agency is then rating the VRDP Shares at the
request of the Corporation) would each at least equal the VRDP Shares Basic
Maintenance Amount for such Series.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655459"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">9.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Rating Agency Restrictions</font></b></h2>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:.4pt;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">For so long as any shares of any Series of VRDP Shares is
Outstanding and any Rating Agency is then rating a Series of VRDP Shares at the
request of the Corporation, the Corporation will not engage in certain
proscribed transactions set forth in the Rating Agency Guidelines, unless it
has received written confirmation from each such Rating Agency that proscribes
the applicable transaction in its Rating Agency Guidelines that any such action
would not impair the rating then assigned by such Rating Agency to a Series of
VRDP Shares.</font></p>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655460"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">10.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Redemption</font></b></h2>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(a)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Optional Redemption</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. </font></h3>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(i)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Subject to the provisions of subparagraph (iv) of this paragraph
(a), shares of any Series of VRDP Shares may be redeemed, at the option of the
Corporation, at any time, as a whole or from time to time in part, out of
legally available funds therefor in respect of shares of the Corporation and
otherwise in accordance with applicable state law, at a redemption price per
share equal to the sum of $100,000 </font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">plus </font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">an amount equal to accumulated
but unpaid dividends thereon (whether or not earned or declared) to, but not
including, the date fixed for redemption; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, that
(1) shares of a Series of VRDP Shares may not be redeemed in part if after such
partial redemption fewer than fifty (50) shares of such </font></h4>
<a name="_bclFooter36"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">34</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_37"></a><a name="_bclPageBorder37"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Series
would remain Outstanding; (2) shares of a Series of VRDP Shares are not
redeemable by the Corporation during the Initial Rate Period; and (3) subject
to subparagraph (ii) of this paragraph (a), the Notice of Special Rate Period
relating to a Special Rate Period of shares of a Series of VRDP Shares, as
delivered to the Remarketing Agent and filed with the Secretary of the
Corporation, may provide that shares of such Series shall not be redeemable
during the whole or any part of such Special Rate Period or shall be redeemable
during the whole or any part of such Special Rate Period only upon payment of
such redemption premium or premiums as shall be specified therein (&#8220;Special
Redemption Provisions&#8221;).</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(ii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">A Notice of Special Rate Period relating to shares of a Series of
VRDP Shares for a Special Rate Period thereof may contain Special Redemption
Provisions only if the Corporation&#8217;s Board of Directors, after consultation
with the Remarketing Agent and the Liquidity Provider, determines that such Special
Redemption Provisions are in the best interest of the Corporation.</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(iii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">If fewer than all of the Outstanding shares of a Series of VRDP
Shares are to be redeemed pursuant to subparagraph (i) of this paragraph (a),
the number of shares of such Series to be redeemed shall be selected </font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">pro
rata </font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">from among the Holders of shares of such Series in proportion to the
number of shares of such Series held by such Holders, by lot or in such other
manner as the Corporation&#8217;s Board of Directors may determine to be fair and
equitable. The Corporation&#8217;s Board of Directors will have the full power and
authority to prescribe the terms and conditions upon which shares of a Series
of VRDP Shares will be redeemed from time to time.</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(iv)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The Corporation may not on any date send a Notice of Redemption
pursuant to paragraph (c) of this Section 10 in respect of a redemption
contemplated to be effected pursuant to this paragraph (a) unless on such date
(a) the Corporation has available Deposit Securities with maturity or tender
dates not later than the day preceding the applicable Redemption Date and
having a Market Value not less than the amount (including any applicable
premium) due to Holders by reason of the redemption of shares of a Series of
VRDP Shares on such Redemption Date and (b) the Discounted Value of Moody&#8217;s
Eligible Assets (if Moody&#8217;s is then rating the shares of a Series of VRDP
Shares at the request of the Corporation), the Discounted Value of Fitch
Eligible Assets (if Fitch is then rating the shares of a Series of VRDP Shares
at the request of the Corporation) and the Discounted Value of Other Rating
Agency Eligible Assets (if any Other Rating Agency is then rating the shares of
a Series of VRDP Shares at the request of the Corporation) each at least equals
the VRDP Shares Basic Maintenance Amount, and would at least equal the VRDP
Shares Basic Maintenance Amount immediately subsequent to such redemption if
such redemption were to occur on such date. For purposes of determining in
clause (b) of the preceding sentence whether the Discounted Value of Moody&#8217;s
Eligible Assets at least equals the VRDP Shares Basic Maintenance Amount, the
Moody&#8217;s Discount Factors applicable to Moody&#8217;s Eligible Assets shall be
determined by reference to the first Exposure Period (as defined in the Moody&#8217;s
Guidelines) longer than the Exposure Period then applicable to the Corporation,
as described in the definition of Moody&#8217;s Discount Factor herein.</font></h4>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(b)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Mandatory Redemption</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. </font><font color=red><strike><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(i)</font></strike></font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(i)&#160;&#160;&#160;&#160;&#160;&#160; The Corporation shall redeem, out of
legally available funds therefor in respect of shares of the Corporation and
otherwise in accordance with state law, all Outstanding Series W-7 VRDP Shares
on December 15, 2051, at a redemption price equal to $100,000 per share </font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">plus
</font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">accumulated but unpaid dividends thereon (whether or not earned or
declared) to, but excluding, </font></h3>
<a name="_bclFooter37"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">35</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_38"></a><a name="_bclPageBorder38"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">such date. The
Corporation also shall redeem, out of legally available funds therefor in
respect of shares of the Corporation and otherwise in accordance with state
law, at a redemption price equal to $100,000 per share </font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">plus </font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">accumulated
but unpaid dividends thereon (whether or not earned or declared) to (but
excluding) the date fixed by the Board of Directors for redemption, certain of
the shares of a Series of VRDP Shares, if the Corporation fails to have either
Moody&#8217;s Eligible Assets (if Moody&#8217;s is then rating the shares of a Series of
VRDP Shares at the request of the Corporation) with a Discounted Value, Fitch
Eligible Assets (if Fitch is then rating the shares of a Series of VRDP Shares
at the request of the Corporation) with a Discounted Value, or Other Rating
Agency Eligible Assets (if any Other Rating Agency is then rating the shares of
a Series of VRDP Shares at the request of the Corporation) with a Discounted
Value greater than or equal to the VRDP Shares Basic Maintenance Amount, or
fails to maintain the Minimum VRDP Shares Asset Coverage in accordance with these
Articles Supplementary, and such failure is not cured on or before the VRDP
Shares Basic Maintenance Cure Date or the Minimum VRDP Shares Asset Coverage
Cure Date, as the case may be. In the event of a failure by the Corporation to
have Rating Agency Eligible Assets with a Discounted Value greater than or
equal to the VRDP Shares Basic Maintenance Amount, if then applicable, the
Corporation may seek to cure such failure on or prior to the VRDP Shares Basic
Maintenance Cure Date by complying with the requirements of the Rating Agency
or Rating Agencies, if any, then rating shares of such Series of VRDP Shares at
the request of the Corporation as in effect at the time of such failure. The
number of VRDP Shares to be redeemed shall be equal to the lesser of (A) the
minimum number of VRDP Shares, together with all other Preferred Shares subject
to redemption or retirement, the redemption of which, if deemed to have
occurred immediately prior to the opening of business on the applicable Cure
Date, would result in the Corporation&#8217;s (x) having each of Moody&#8217;s Eligible
Assets (if Moody&#8217;s is then rating shares of a Series of VRDP Shares at the
request of the Corporation) with a Discounted Value, Fitch Eligible Assets (if
Fitch is then rating shares of a Series of VRDP Shares at the request of the
Corporation) with a Discounted Value and Other Rating Agency Eligible Assets
(if any Other Rating Agency is then rating shares of a Series of VRDP Shares at
the request of the Corporation) with a Discounted Value greater than or equal
to the VRDP Shares Basic Maintenance Amount and (y) maintaining the Minimum
VRDP Shares Asset Coverage on the applicable Cure Date (provided, however,
that, if there is no such minimum number of VRDP Shares and other Preferred
Shares the redemption or retirement of which would have such result, all VRDP
Shares and Preferred Shares then outstanding shall be redeemed), and (B) the
maximum number of VRDP Shares, together with all other Preferred Shares subject
to redemption or retirement, that can be redeemed out of legally available
funds therefor in respect of shares of the Corporation and in accordance with
the Charter and applicable law. In determining the VRDP Shares required to be
redeemed in accordance with the foregoing, the Corporation shall allocate the
number required to be redeemed to satisfy the VRDP Shares Basic Maintenance
Amount or the Minimum VRDP Shares Asset Coverage, as the case may be, pro rata
among VRDP Shares and other Preferred Shares (and, then, pro rata among each
Series of VRDP Shares) subject to redemption or retirement. The Corporation
shall effect such redemption on the date fixed by the Corporation therefor,
which date shall not be earlier than ten (10) days nor later than forty (40)
days after the applicable Cure Date, except that if the Corporation does not
have legally available funds for the redemption of all of the required number
of VRDP Shares and other Preferred Shares which are subject to redemption or
retirement or the Corporation otherwise is unable as a result of applicable law
to effect such redemption on or prior to forty (40) days after the applicable
Cure Date, the Corporation shall redeem those VRDP Shares and other Preferred
Shares which it was unable to redeem on the earliest practicable date on which
it is able to effect such redemption. Except in the case of a Failed
Remarketing Condition-Purchased VRDP Shares Redemption, as described below, if
fewer than all of the Outstanding shares of a Series of VRDP Shares are to be
redeemed pursuant to this paragraph (b), the number of shares of a Series of
VRDP Shares to be redeemed shall be redeemed pro rata, by lot or other fair
method as determined by the Corporation&#8217;s Board of Directors from the Holders
of VRDP Shares in proportion to the number of shares of such Series of VRDP
Shares held by such Holders.</font></h3>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(ii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(A)&#160; In accordance with these Articles Supplementary and if then
required pursuant to the Fee Agreement, if the Liquidity Provider acquires any
VRDP Shares pursuant to the </font></h4>
<a name="_bclFooter38"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">36</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_39"></a><a name="_bclPageBorder39"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Purchase Obligation and
continues to be the beneficial owner for federal income tax purposes of such
Purchased VRDP Shares for a continuous period of six (6) months during which
such Purchased VRDP Shares are tendered for Remarketing on each Business Day in
accordance with the Related Documents but cannot be successfully remarketed
pursuant to such Remarketings (i.e., a Failed Remarketing Condition&#8212;Purchased
VRDP Shares shall have occurred and be continuing for such period of time with
respect to such Purchased VRDP Shares), the Corporation shall effect a Failed
Remarketing Condition-Purchased VRDP Shares Redemption out of legally available
funds for the redemption of the Purchased VRDP Shares that are subject to the
Failed Remarketing Condition--Purchased VRDP Shares Redemption and in
accordance with any other applicable law restrictions that apply to redemptions
of shares; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, that, as of the date of redemption: (i) to the
extent any VRDP Shares are Outstanding and held by Persons other than the
Liquidity Provider, the Purchase Obligation of the Liquidity Provider whose
VRDP Shares are subject to the Failed Remarketing Condition-Purchased VRDP
Shares Redemption (i.e., Bank of America, N.A., or any successor or permitted
assign) remains in effect to the extent required by, and in accordance with,
the VRDP Shares Purchase Agreement with Bank of America, N.A., or any successor
or permitted assign, and (ii) to the extent (a) any VRDP Shares are Outstanding
and held by Persons other than the Liquidity Provider and (b) the Purchase
Obligation of the Liquidity Provider whose VRDP Shares are subject to the
Failed Remarketing Condition-Purchased VRDP Shares Redemption (i.e., Bank of
America, N.A., or any successor or permitted assign) remains in effect to the
extent required by, and in accordance with, the VRDP Shares Purchase Agreement
with Bank of America, N.A., or any successor or permitted assign, the Liquidity
Provider whose VRDP Shares are subject to the Failed Remarketing
Condition&#8212;Purchased VRDP Shares Redemption (i.e., Bank of America, N.A., or any
successor or permitted assign) shall have made written affirmation to the
Corporation not later than the Business Day immediately preceding the
Redemption Date to the effect that the Liquidity Provider is in compliance with
the Purchase Obligation in accordance with its terms. Notwithstanding the foregoing
proviso, any failure or delay by the Liquidity Provider whose VRDP Shares are
subject to the Failed Remarketing Condition-Purchased VRDP Shares Redemption
(i.e., Bank of America, N.A., or any successor or permitted assign) to deliver
the affirmation referred to in the foregoing proviso shall not relieve the
Corporation of its obligation to effectuate a Failed Remarketing
Condition-Purchased VRDP Shares Redemption and shall only result in a delay by the
Corporation to effectuate a Failed Remarketing Condition-Purchased VRDP Shares
Redemption until one (1) Business Day following the date that such Liquidity
Provider delivers such affirmation or such affirmation is no longer required.
The six-month holding period for Purchased VRDP Shares acquired and
continuously held as a result of a continuing Failed Remarketing
Condition-Purchased VRDP Shares shall be determined by the Corporation on a
first-in, first-out basis. The Corporation shall effect a Failed Remarketing
Condition-Purchased VRDP Shares Redemption on the Redemption Date fixed by the
Corporation therefor, which date shall not be later than three (3) Business
Days after the expiration of the six-month period, except that if the
Corporation does not have legally available funds for the redemption of all of
the required number of Purchased VRDP Shares which are subject to the Failed
Remarketing Condition-Purchased VRDP Shares Redemption or the Corporation
otherwise is unable as a result of applicable law restrictions that apply to
redemptions of shares to effect such redemption on or prior to three (3)
Business Days after the expiration of the six-month period, the Corporation
shall redeem those Purchased VRDP Shares which it was unable to redeem on the
earliest practicable date on which it is able to effect such redemption out of
legally available funds in respect of shares of the Corporation and in
accordance with applicable law restrictions that apply to redemptions of
shares.</font></h4>

<h5 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;">&nbsp;</h5>
<a name="_bclFooter39"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">37</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_40"></a><a name="_bclPageBorder40"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h5 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(B)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Upon the occurrence and continuance of a Failed Remarketing
Condition-Purchased VRDP Shares with respect to any VRDP Shares, by the fifth
(5th) Business Day following delivery of notice thereof from the Liquidity
Provider in accordance with Section 7.08(c) of the Fee Agreement, the
Corporation shall cause the Custodian to segregate, by means of appropriate
identification on its books and records or otherwise in accordance with the
Custodian&#8217;s normal procedures, from the other assets of the Corporation (a
&#8220;Liquidity Account&#8221;) Liquidity Account Investments with a Market Value equal to
at least 110% of the Liquidation Preference of such Purchased VRDP Shares. If,
while the Failed Remarketing Condition-Purchased VRDP Shares with respect to
such Purchased VRDP Shares is continuing, the aggregate Market Value of the
Liquidity Account Investments included in the Liquidity Account for such
Purchased VRDP Shares as of the close of business on any Business Day is less
than 110% of the Liquidation Preference of such Purchased VRDP Shares, then the
Corporation shall cause the Custodian and the Investment Adviser to take all
such necessary action, including segregating additional assets of the
Corporation as Liquidity Account Investments, so that the aggregate Market
Value of the Liquidity Account Investments included in the Liquidity Account
for such Purchased VRDP Shares is at least equal to 110% of the Liquidation
Preference of such Purchased VRDP Shares not later than the close of business
on the next succeeding Business Day. With respect to assets of the Corporation
segregated as Liquidity Account Investments, the Investment Adviser, on behalf
of the Corporation, shall be entitled to instruct the Custodian with a copy to
the Liquidity Provider on any date to release any Liquidity Account Investments
with respect to any Purchased VRDP Shares from such segregation and to
substitute therefor other Liquidity Account Investments, so long as (x) the
assets of the Corporation segregated as Liquidity Account Investments with
respect to such Purchased VRDP Shares at the close of business on such date
have a Market Value equal to at least 110% of the Liquidation Preference of
such Purchased VRDP Shares and (y) the assets of the Corporation designated and
segregated as Deposit Securities at the close of business on such date have a
Market Value equal to at least the Liquidity Requirement (if any) determined in
accordance with paragraph (C) below with respect to such Purchased VRDP Shares
for such date. The Corporation shall cause the Custodian not to permit any
lien, security interest or encumbrance to be created or permitted to exist on
or in respect of any Liquidity Account Investments included in the Liquidity
Account for any Purchased VRDP Shares, other than liens, security interests or
encumbrances arising by operation of law and any lien of the Custodian with
respect to the payment of its fees or repayment for its advances.
Notwithstanding anything expressed or implied herein to the contrary, the
assets of the Liquidity Account shall continue to be assets of the Corporation
subject to the interests of all creditors and shareholders of the Corporation.</font></h5>

<h5 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(C)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Subject to notice having been received as referred to in
paragraph (B) above, the Market Value of the Deposit Securities held in the
Liquidity Account for any Purchased VRDP Shares, from and after the day (or if
such day is not a Business Day, the next succeeding Business Day) preceding the
expiration of the six-month period for the Failed Remarketing
Condition-Purchased VRDP Shares applicable to such Purchased VRDP Shares
(which, for the avoidance of doubt, may result in multiple six (6) month
periods, each in respect of a Failed Remarketing Condition-Purchased VRDP
Shares in respect of applicable Purchased VRDP Shares) specified in the table
set forth below, shall not be less than the percentage of the Liquidation
Preference for such Purchased VRDP Shares set forth below opposite such day
(the &#8220;Liquidity Requirement&#8221;), but in all cases subject to the cure provisions
of paragraph (D) below:</font></h5>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;margin-left:5.4pt;width:483.699982pt;">
 <tr>
  <td valign=top width=48% style="border:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">Number of Days*</font></p>
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">Preceding the Six
  Month Anniversary</font></p>
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">of Liquidity
  Provider&#8217;s Purchase</font></p>
  </td>
 <td valign=top width=52% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">Value of Deposit
  Securities</font></p>
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">as Percentage of
  Liquidation</font></p>
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">Preference</font></p>
  </td>
 </tr>
<tr style="height:71.0pt;">
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:71.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">150</font></p>
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">120</font></p>
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">90</font></p>
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">60</font></p>
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">30</font></p>
  </td>
 <td valign=top width=52% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;height:71.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">20%</font></p>
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">40%</font></p>
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">60%</font></p>
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">80%</font></p>
  <p align=center style="margin:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;">100%</font></p>
  </td>
 </tr>
</table></div>


<a name="_bclFooter40"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">38</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:1.0in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">*
Or if such day is not a Business Day, the next succeeding Business Day</font></p>

<p style="margin:0in;margin-top:1.8pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:9.05pt;vertical-align:baseline;">&nbsp;</font></p>

<h5 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(D)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">If the aggregate Market Value of the Deposit Securities included
in the Liquidity Account for any Purchased VRDP Shares as of the close of
business on any Business Day is less than the Liquidity Requirement in respect
of such Purchased VRDP Shares for such Business Day, then the Corporation shall
cause the segregation of additional or substitute Deposit Securities in respect
of the Liquidity Account for such Purchased VRDP Shares, so that the aggregate
Market Value of the Deposit Securities included in the Liquidity Account for
such Purchased VRDP Shares is at least equal to the Liquidity Requirement for
such Purchased VRDP Shares not later than the close of business on the next
succeeding Business Day.</font></h5>

<h5 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(E)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The Deposit Securities included in the Liquidity Account for any
Purchased VRDP Shares may be applied by the Corporation, in its discretion,
towards payment of the Redemption Price for such Purchased VRDP Shares. Upon
the earlier to occur of (x) the successful remarketing of the Purchased VRDP
Shares or (y) the deposit by the Corporation with the Tender and Paying Agent
with arrangements satisfactory to the Liquidity Provider of Deposit Securities
having an initial combined Market Value sufficient to effect the redemption of
such Purchased VRDP Shares on the Redemption Date for such Purchased VRDP
Shares, the requirement of the Corporation to maintain a Liquidity Account for
such Purchased VRDP Shares as contemplated by this Section 10(b)(ii) shall
lapse and be of no further force and effect.</font></h5>

<h5 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(F)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The provisions of paragraphs (A) through (E) of this Section
10(b)(ii) may be amended by the Board of Directors, by resolution duly adopted,
without shareholder approval in order to conform to the terms of the Fee
Agreement or as otherwise necessary or desirable in the judgment of the Board
of Directors, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;"> that the Board of Directors receives the prior
written consent of the Liquidity Provider and written confirmation from each
Rating Agency, as applicable, then rating shares of a Series of VRDP Shares at
the request of the Corporation that any such amendments would not adversely
affect the rating then assigned by such Rating Agency to such Series of VRDP
Shares.</font></h5>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(iii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">At least six (6) months prior to the scheduled mandatory
Redemption Date December 15, 2051 specified in Section 10(b)(i) above, if any
Series W-7 VRDP Shares then remain Outstanding, the Corporation shall cause the
Custodian to segregate in a Liquidity Account (but without duplication of any
Liquidity Account then in effect pursuant to Section 10(b)(ii) above), by means
of appropriate identification on its books and records or otherwise in
accordance with the Custodian&#8217;s normal procedures, from the other assets of the
Corporation, Liquidity Account Investments with a Market Value equal to at
least 110% of the Liquidation Preference of the then Outstanding Series W-7
VRDP Shares. The Corporation shall maintain such Liquidity Account in
accordance with Section 10(b)(ii)(B), (C) and (D) above and comply with the
requirements set forth therein with respect to Liquidity Account Investments
and the Liquidity Requirement; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, that for purposes of this
Section 10(b)(iii) all references therein to Purchased VRDP Shares shall be
deemed to be to all Outstanding Series W-7 VRDP Shares, all references therein
to the Failed Remarketing Condition-Purchased VRDP Shares or the related
six-month period shall be deemed to be to the six-month period preceding the
scheduled mandatory </font></h4>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">39</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_42"></a><a name="_bclPageBorder42"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Redemption Date of December 15,
2051, and the references to notice by the Liquidity Provider shall not be
applicable. The Deposit Securities included in the Liquidity Account for the
Outstanding Series W-7 VRDP Shares may be applied by the Corporation, in its
discretion, towards payment of the Redemption Price for the Outstanding Series
W-7 VRDP Shares. Upon the deposit by the Corporation with the Tender and Paying
Agent with arrangements satisfactory to the Liquidity Provider of Deposit
Securities having an initial combined Market Value sufficient to effect the
redemption of the Outstanding Series W-7 VRDP Shares on December 15, 2051
Redemption Date for the Outstanding Series W-7 VRDP Shares, the requirement of the
Corporation to maintain a Liquidity Account for the Outstanding Series W-7 VRDP
Shares as contemplated by this Section 10(b)(iii) shall lapse and be of no
further force and effect.</font></h4>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(c)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Notice of Redemption</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. If the Corporation shall determine
or be required to redeem, in whole or in part, shares of a Series of VRDP
Shares pursuant to paragraph (a) or (b)(i) of this Section 10, the Corporation
will send a notice of redemption (the &#8220;Notice of Redemption&#8221;), by Electronic
Means (or by first-class mail, postage prepaid, in the case where the shares of
such Series of VRDP Shares are in physical form outside the book-entry system
of the Securities Depository), to Holders thereof and the Liquidity Provider
or, in the case of a redemption pursuant to paragraph (b)(ii) of this Section
10, only to the Liquidity Provider, or request the Tender and Paying Agent, on
behalf of the Corporation to promptly do so by Electronic Means (or by
first-class mail, postage prepaid, in the case where the shares of such Series
of VRDP Shares are in physical form outside the book-entry system of the
Securities Depository) so long as the Notice of Redemption is furnished by the
Corporation to the Tender and Paying Agent in electronic format at least five
(5) Business Days prior to the date a Notice of Redemption is required to be
delivered to the Holders, unless a shorter period of time shall be acceptable
to the Tender and Paying Agent. A Notice of Redemption shall be sent to Holders
not less than ten (10) days prior to the date fixed for redemption in such
Notice of Redemption (the &#8220;Redemption Date&#8221;). Each such Notice of Redemption
shall state: (i) the Redemption Date; (ii) the number of shares of such Series
of VRDP Shares to be redeemed and the Series thereof; (iii) the CUSIP number
for the VRDP Shares of such Series; (iv) the Redemption Price; (v) the place or
places where the certificate(s), if any, for such VRDP Shares (properly
endorsed or assigned for transfer, if the Board of Directors requires and the
Notice of Redemption states) are to be surrendered for payment of the
Redemption Price; (vi) that dividends on the shares of such Series of VRDP
Shares to be redeemed will cease to accumulate from and after such Redemption
Date; and (vii) the provisions of these Articles Supplementary under which such
redemption is made. If fewer than all shares of a Series of VRDP Shares held by
any Holder are to be redeemed, the Notice of Redemption delivered to such
Holder shall also specify the number of shares of such Series of VRDP Shares to
be redeemed from such Holder. The Corporation may provide in any Notice of
Redemption relating to an optional redemption contemplated to be effected
pursuant to these Articles Supplementary that such redemption is subject to one
or more conditions precedent not otherwise expressly stated herein and that the
Corporation shall not be required to effect such redemption unless each such
condition has been satisfied at the time or times and in the manner specified
in such Notice of Redemption. No defect in the Notice of Redemption or delivery
thereof shall affect the validity of redemption proceedings, except as required
by applicable law.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(d)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">No Redemption Under Certain Circumstances</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Notwithstanding
the provisions of paragraphs (a) or (b) of this Section 10, if any dividends on
shares of a Series of VRDP Shares (whether or not earned or declared) are in
arrears, no shares of such Series shall be redeemed unless all Outstanding
shares of such Series are simultaneously redeemed, and the Corporation shall
not otherwise purchase or acquire any shares of such Series; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">,</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">
however</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, that the foregoing shall not prevent the purchase or acquisition
of Outstanding shares of a Series of VRDP Shares pursuant to the successful
completion of an otherwise lawful purchase or exchange offer made on the same
terms to Holders of all Outstanding shares of such Series of VRDP Shares.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;">&nbsp;</h3>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_43"></a><a name="_bclPageBorder43"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(e)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Absence of Funds Available for Redemption</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. To the extent
that any redemption for which a Notice of Redemption has been provided is not
made by reason of the absence of legally available funds therefor in respect of
shares of the Corporation and in accordance with the Charter and applicable
law, such redemption shall be made as soon as practicable to the extent such
funds become available. A failure to redeem shares of a Series of VRDP Shares
shall be deemed to exist at any time after the date specified for redemption in
a Notice of Redemption when the Corporation shall have failed, for any reason
whatsoever, to deposit in trust with the Tender and Paying Agent the Redemption
Price with respect to any shares for which such Notice of Redemption has been
sent; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">,</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;"> </font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">that the foregoing shall not
apply in the case of the Corporation&#8217;s failure to deposit in trust with the
Tender and Paying Agent the Redemption Price with respect to any shares where
(1) the Notice of Redemption relating to such redemption provided that such
redemption was subject to one or more conditions precedent and (2) any such
condition precedent shall not have been satisfied at the time or times and in
the manner specified in such Notice of Redemption. Notwithstanding the fact
that the Corporation may not have redeemed shares of a Series of VRDP Shares
for which a Notice of Redemption has been provided, dividends may be declared
and paid on shares of a Series of VRDP Shares and shall include those shares of
such Series of VRDP Shares for which a Notice of Redemption has been provided.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(f)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Tender and Paying Agent as Trustee of Redemption Payments by the
Corporation</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. All moneys paid to the Tender and Paying Agent for payment of
the Redemption Price of shares of a Series of VRDP Shares called for redemption
shall be held in trust by the Tender and Paying Agent for the benefit of
Holders of shares so to be redeemed.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(g)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Shares for Which Notice of Redemption Has Been Given Are No
Longer Outstanding</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Provided a Notice of Redemption has been provided
pursuant to paragraph (c) of this Section 10, the Corporation shall irrevocably
(except to the extent set forth below in this paragraph (g)) deposit with the
Tender and Paying Agent, no later than 12:00 noon, New York City time, on a
Business Day not less than ten (10) Business Days preceding the Redemption Date
specified in such notice, Deposit Securities in an aggregate amount equal to
the Redemption Price to be paid on the Redemption Date in respect of any shares
of a Series of VRDP Shares that are subject to such notice. Provided a Notice of
Redemption has been provided pursuant to paragraph (c) of this Section 10, upon
the deposit with the Tender and Paying Agent of Deposit Securities in an amount
sufficient to redeem the shares of a Series of VRDP Shares that are the subject
of such notice, dividends on such shares of a Series of VRDP Shares shall cease
to accumulate as of the Redemption Date and shares of a Series of VRDP Shares
shall no longer be deemed to be Outstanding, except as noted below with respect
to the VRDP Shares Purchase Agreement, for any purpose, and all rights of the
Holders of the shares of a Series of VRDP Shares so called for redemption shall
cease and terminate, except the right of such Holders to receive the Redemption
Price, but without any interest or other additional amount, except as provided
in paragraph (e)(i) of Section 2 of this Part I and in Section 3 of Part I of these
Articles Supplementary. Upon surrender in accordance with the Notice of
Redemption of the certificates for any shares of a Series of VRDP Shares so
redeemed (properly endorsed or assigned for transfer, if the Board of Directors
shall so require and the Notice of Redemption shall so state), the Redemption
Price shall be paid by the Tender and Paying Agent to the Holders of shares of
a Series of VRDP Shares subject to redemption. In the case that fewer than all
of the shares represented by any such certificate are redeemed, a new
certificate shall be issued, representing the unredeemed shares, without cost
to the Holder thereof. The Corporation shall be entitled to receive from the
Tender and Paying Agent, promptly after the date fixed for redemption, any cash
or other Deposit Securities deposited with the Tender and Paying Agent in
excess of (i) the aggregate Redemption Price of the shares of a Series of VRDP
Shares called for redemption on such date and (ii) all other amounts to which
Holders of shares of a Series of VRDP Shares called for redemption may be
entitled. Any funds so deposited that are unclaimed at the end of ninety (90)
days from such redemption date shall, to the extent permitted by law, be repaid
to the Corporation, after which time the Holders of shares of a Series of VRDP
Shares so called for redemption may look only to the Corporation for payment of
the Redemption Price and all other amounts to which they </font></h3>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_44"></a><a name="_bclPageBorder44"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">may
be entitled. The Corporation shall be entitled to receive, from time to time
after the date fixed for redemption, any interest on the funds so deposited.
Notwithstanding the foregoing, shares of a Series of VRDP Shares will be deemed
to be Outstanding for purposes of the VRDP Shares Purchase Agreement until redeemed
by the Corporation.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(h)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Compliance With Applicable Law</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. In effecting any
redemption pursuant to this Section 10, the Corporation shall use its best
efforts to comply with all applicable conditions precedent to effecting such
redemption under the 1940 Act and any applicable Maryland or other state law,
but shall effect no redemption except in accordance with the 1940 Act and any
applicable Maryland or other state law.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(i)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Only Whole Shares of a Series of VRDP Shares May Be Redeemed</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">.
In the case of any redemption pursuant to this Section 10, only whole shares of
a Series of VRDP Shares shall be redeemed, and in the event that any provision
of the Charter would require redemption of a fractional share, the Remarketing
Agent shall be authorized to round up so that only whole shares are redeemed.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(j)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Modification of Redemption Procedures</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Notwithstanding the
foregoing provisions of this Section 10, the Corporation may, in its sole
discretion, modify the procedures set forth above with respect to notification
of redemption of VRDP Shares, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;"> that such modification does not
materially and adversely affect the Holders of the VRDP Shares or cause the
Corporation to violate any law, rule or regulation, or to in any way alter the
obligations of the Tender and Paying Agent without its prior written consent.
Furthermore, if in the sole discretion of the Board of Directors, after
consultation with counsel, modification of the foregoing redemption provisions
(x) are permissible under the rules and regulations or interpretations of the
SEC and under other applicable law and (y) would not cause a material risk as
to the treatment of the VRDP Shares as equity for U.S. federal income tax
purposes, the Board of Directors, without shareholder approval, by resolution
and with the prior written consent of the Liquidity Provider may modify such
redemption procedures.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655461"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">11.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Liquidation Rights</font></b></h2>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(a)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Ranking</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. The shares of a Series of VRDP Shares shall rank
on a parity with each other, with shares of any other Series of VRDP Shares and
with shares of any other Series of Preferred Shares as to the distribution of
assets upon dissolution, liquidation or winding up of the affairs of the
Corporation.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(b)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Distributions Upon Liquidation</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Upon the dissolution,
liquidation or winding up of the affairs of the Corporation, whether voluntary
or involuntary, the Holders of VRDP Shares then Outstanding shall be entitled
to receive and to be paid out of the assets of the Corporation legally
available for distribution to its shareholders and otherwise in accordance with
applicable state law, before any payment or distribution shall be made on the
Common Shares or on any other class of shares of the Corporation ranking junior
to the VRDP Shares upon dissolution, liquidation or winding up, an amount equal
to the Liquidation Preference with respect to such shares </font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">plus </font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">an amount
equal to all dividends thereon (whether or not earned or declared) accumulated
but unpaid to (but not including) the date of final distribution in same day
funds, together with any payments required to be made pursuant to Section 3 of
Part I of these Articles Supplementary in connection with the liquidation of the
Corporation. After the payment to the Holders of the VRDP Shares of the full
preferential amounts provided for in this paragraph (b), the Holders of the
VRDP Shares as such shall have no right or claim to any of the remaining assets
of the Corporation.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(c)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Pro Rata Distributions</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. In the event the assets of the
Corporation available for distribution to the Holders of the VRDP Shares upon
any dissolution, liquidation or winding up of the affairs of the Corporation,
whether voluntary or involuntary, shall be insufficient to pay in full all
amounts to which such Holders are entitled pursuant to paragraph (b) of this
Section 11, no such distribution shall be made on account of any shares of any
other class or Series of Preferred Shares ranking on a parity with the VRDP </font></h3>
<a name="_bclFooter44"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">42</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_45"></a><a name="_bclPageBorder45"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Shares with respect to the distribution of assets upon
such dissolution, liquidation or winding up unless proportionate distributive
amounts shall be paid on account of the VRDP Shares, ratably, in proportion to
the full distributable amounts for which holders of all such parity shares are
respectively entitled upon such dissolution, liquidation or winding up.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(d)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Rights of Junior Shares</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Subject to the rights of the
holders of shares of any series or class or classes of shares ranking on a
parity with the VRDP Shares with respect to the distribution of assets upon
dissolution, liquidation or winding up of the affairs of the Corporation, after
payment shall have been made in full to the Holders of the VRDP Shares as
provided in paragraph (b) of this Section 11, but not prior thereto, any other
series or class or</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;"> </font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">classes of shares ranking junior to the VRDP Shares
with respect to the distribution of assets upon dissolution, liquidation or
winding up of the affairs of the Corporation shall, subject to the respective
terms and provisions (if any) applying thereto, be entitled to receive any and
all assets remaining to be paid or distributed, and the Holders of the VRDP
Shares shall not be entitled to share therein.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(e)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Certain Events Not Constituting Liquidation</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Neither the
sale of all or substantially all the property or business of the Corporation,
nor the merger, consolidation or reorganization of the Corporation into or with
any business or statutory trust, corporation or other entity nor the merger,
consolidation or reorganization of any business or statutory trust, corporation
or other entity into or with the Corporation shall be a dissolution,
liquidation or winding up, whether voluntary or involuntary, for the purposes
of this Section 11.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655462"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">12.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Purchase Obligation</font></b></h2>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:.4pt;page-break-after:avoid;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">As long as shares of any
Series of VRDP Shares are Outstanding, the Corporation shall maintain a VRDP
Shares Purchase Agreement providing for a Purchase Obligation with a Liquidity
Provider with short-term debt ratings in one of the two highest ratings
categories from the Requisite NRSROs on an ongoing basis to the extent that the
Corporation can do so on a commercially reasonable basis as determined in the
sole discretion of the Board of Directors. If the Corporation maintains a VRDP
Shares Purchase Agreement providing a Purchase Obligation, the provisions
herein relating to the Liquidity Provider shall be operative and the following
shall apply:</font></p>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(a)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The Corporation shall notify, or cause the Tender and Paying
Agent to notify, Holders by Electronic Means, or by first-class mail, postage
prepaid, in the case in which shares of a Series of VRDP Shares are in physical
form outside the book-entry system of the Securities Depository, (A) in the
event of a Mandatory Tender Event or Mandatory Purchase Event, (B) upon at
least seven days&#8217; prior notice in the event that there is a substitute
Liquidity Provider (including, but not limited to, as to the Liquidity
Provider, its consolidation, amalgamation with, or merger with and into,
another entity, or the transfer of all or substantially all of the Liquidity
Provider&#8217;s assets to another entity, (C) any downgrade in the short-term or
long-term preferred stock rating of the Series of VRDP Shares by an NRSRO then
rating shares of such Series of VRDP Shares at the request of the Corporation
or (D) any downgrade in the short-term or long-term rating of the Liquidity
Provider by an NRSRO then rating the shares of such Series of VRDP Shares at
the request of the Corporation and such Liquidity Provider.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(b)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">In the event of a Failed Remarketing Condition, the Corporation
will require in the Tender and Paying Agent Agreement that the Tender and
Paying Agent will notify the Corporation and Holders by telephone or Electronic
Means, or by first-class-mail, postage prepaid, in the case in which shares of
a Series of VRDP Shares are in physical form outside the book-entry system of
the Securities Depository, of such Failed Remarketing Condition.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;">&nbsp;</h3>
<a name="_bclFooter45"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">43</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_46"></a><a name="_bclPageBorder46"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(c)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Each share of a Series of VRDP Shares shall be subject to Tender
to the Tender and Paying Agent for Remarketing on the related Purchase Date or,
in the event (i) no Remarketing occurs or (ii) pursuant to an attempted
Remarketing shares remain unsold and the Remarketing Agent does not purchase
for its own account the unsold shares of a Series of VRDP Shares tendered to
the Tender and Paying Agent for Remarketing (</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;"> that the
Remarketing Agent may seek to sell such shares of a Series of VRDP Shares in a
subsequent Remarketing prior to the Purchase Date) to the Liquidity Provider
for purchase on such Purchase Date pursuant to a Final Notice of Purchase. If
there is no Tender and Paying Agent or the Tender and Paying Agent does not
perform such obligation pursuant to the VRDP Shares Purchase Agreement,
Beneficial Owners and their Agent Members shall have the right to tender their
shares of a Series of VRDP Shares directly to the Liquidity Provider pursuant
to a Final Notice of Purchase. In the event there is no Tender and Paying Agent
or for any reason the Tender and Paying Agent does not perform its obligations
under the VRDP Shares Purchase Agreement, the Corporation (i) upon becoming
aware thereof, shall promptly notify the Liquidity Provider, the Remarketing
Agent and Holders by Electronic Means of such event, and (ii) so long as such
event is continuing, shall use its best efforts to direct and request the
Remarketing Agent to forward, concurrently with the delivery thereof to the
Liquidity Provider or as promptly as practicable thereafter, any Remarketing
Notice to each Beneficial Owner or Holder tendering shares of the Series of
VRDP Shares that are the subject of such notice.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(d)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The Corporation will require in the Tender and Paying Agent
Agreement that, pursuant to a Tender, shares of a Series of VRDP Shares that
are not sold in a Remarketing will be tendered by the Tender and Paying Agent
to the Liquidity Provider for payment of the Purchase Price on the Purchase
Date pursuant to the VRDP Shares Purchase Agreement.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(e)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Except as set forth in Section 10(b) of Part I of these Articles
Supplementary in connection with a mandatory redemption of shares of a Series
of VRDP Shares, the Corporation shall have no obligation to purchase shares of
a Series of VRDP Shares acquired by the Liquidity Provider pursuant to the VRDP
Shares Purchase Agreement or otherwise.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(f)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Shares of a Series of VRDP Shares are subject to Mandatory
Purchase by the Liquidity Provider upon the occurrence of a Mandatory Purchase
Event. So long as shares of such Series of VRDP Shares are in book-entry form
and held through the Securities Depository, any Mandatory Purchase will be
effected automatically through the book-entry system of the Securities
Depository, without any action required on the part of the Holders or
Beneficial Owners. Promptly following the occurrence of a Mandatory Purchase Event,
and in any event within three (3) Business Days thereafter, the Corporation, or
the Tender and Paying Agent at the direction of the Corporation (</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">,
that the Tender and Paying Agent may require up to two (2) Business Days prior
notification by Electronic Means by the Corporation), shall provide a Mandatory
Purchase Notice by Electronic Means to Holders and the Liquidity Provider,
specifying a Mandatory Purchase Date for all Outstanding shares of such Series
of VRDP Shares. The Mandatory Purchase Date shall not be later than seven (7)
days following the date a Mandatory Purchase Notice is sent to Holders by
Electronic Means, and in any event shall be not later than the Business Day
immediately preceding the termination of the VRDP Shares Purchase Agreement.
Any notice given in respect of a Mandatory Purchase under these Articles
Supplementary shall be conclusively presumed to have been duly given, whether
or not the Holders receive such notice. Upon the occurrence of a Mandatory
Purchase Event, all Outstanding shares of a Series of VRDP Shares automatically
shall be subject to Mandatory Purchase by the Liquidity Provider at the
Purchase Price on the Mandatory Purchase Date, including any shares of such
Series of VRDP Shares tendered pursuant to an Optional Tender or Mandatory
Tender for which the Purchase Date has not yet occurred.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(g)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">In the event shares of a Series of VRDP Shares are issued in
certificated form and a Holder fails to deliver such shares of such Series of
VRDP Shares to which a Mandatory Purchase relates, on or prior to the Mandatory
Purchase Date, the Holder of shares of such Series of VRDP Shares will not be </font></h3>
<a name="_bclFooter46"></a><DIV>


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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_47"></a><a name="_bclPageBorder47"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">entitled to any payment (including any accumulated but
unpaid dividends thereon, whether or not earned or declared) other than the Purchase
Price of such undelivered VRDP Shares as of the scheduled Purchase Date. Any
such undelivered shares of a Series of VRDP Shares will be deemed to be
delivered to the Tender and Paying Agent, and the Tender and Paying Agent will
place stop-transfer orders against the undelivered shares of such Series of
VRDP Shares. Any moneys held by the Tender and Paying Agent for the purchase of
undelivered shares of such Series of VRDP Shares shall be held in a separate
account, shall not be invested, and shall be held for the exclusive benefit of
the Holder of such undelivered shares of such Series of VRDP Shares. The
undelivered shares of a Series of VRDP Shares shall be deemed to be no longer
Outstanding (except as to entitlement to payment of the Purchase Price), and the
Corporation will issue to the purchaser a replacement share certificate for
such shares in lieu of such undelivered shares of such Series of VRDP Shares.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(h)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The Corporation shall use its best efforts to engage at all times
a Tender and Paying Agent to perform the duties specified in these Articles
Supplementary, the Tender and Paying Agent Agreement and the VRDP Shares
Purchase Agreement with respect to the Tender and Paying Agent.</font></h3>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">The provisions of paragraphs (a) through (g)
of this Section 12 may be amended by the Board of Directors, by resolution duly
adopted, without shareholder approval in order to conform to a VRDP Shares
Purchase Agreement providing a Purchase Obligation.</font></p>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655463"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">13.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Miscellaneous</font></b></h2>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(a)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Amendment of or Supplements to these Articles Supplementary</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">.
Subject to the provisions of Section 9 of Part I of these Articles
Supplementary, the Board of Directors may, by resolution duly adopted, without
shareholder approval (except as otherwise provided by these Articles
Supplementary or required by applicable law), amend or supplement these
Articles Supplementary to (1) reflect any amendments or supplements hereto
which the Board of Directors is entitled to adopt pursuant to the terms of these
Articles Supplementary without shareholder approval or (2) designate additional
Series of VRDP Shares (and terms relating thereto). Each such additional Series
shall be governed by the terms of these Articles Supplementary as so amended or
supplemented.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(b)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">No Fractional Shares</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. No fractional shares of a Series of
VRDP Shares shall be issued.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(c)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Status of VRDP Shares Redeemed, Exchanged or Otherwise
Acquired by the Corporation</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Shares of a Series of VRDP shares which are
redeemed, exchanged or otherwise acquired by the Corporation shall return to
the status of authorized and unissued Preferred Shares without designation as
to series, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, that any shares of a Series of VRDP
Shares which are provisionally delivered by the Corporation to or for the
account of an agent of the Corporation or to or for the account of a purchaser
of the shares of the Series of VRDP Shares, but for which final payment is not
received by the Corporation, shall return to the status of authorized and
unissued shares of such Series of VRDP Shares.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(d)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Purchase Obligation Part of the VRDP Shares</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Each Holder
and Beneficial Owner, by virtue of acquiring shares of a Series of VRDP Shares,
is deemed to have agreed to treat the Purchase Obligation as part of the VRDP
Shares rather than as a separate property right.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(e)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Treatment of VRDP Shares as Equity</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Each Holder and
Beneficial Owner, by virtue of acquiring shares of a Series of VRDP Shares, is
deemed to have agreed to treat the VRDP Shares as equity in the Corporation for
U.S. federal income tax purposes.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(f)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Board of Directors May Resolve Ambiguities</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. To the extent
permitted by applicable law, the Board of Directors may interpret or adjust the
provisions of these Articles Supplementary to resolve </font></h3>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">45</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_48"></a><a name="_bclPageBorder48"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">any
inconsistency or ambiguity or to remedy any formal defect, and may amend these
Articles Supplementary with respect to VRDP Shares prior to the issuance of
such VRDP Shares.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(g)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Headings Not Determinative</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. The headings contained in these
Articles Supplementary are for convenience of reference only and shall not
affect the meaning or interpretation of these Articles Supplementary.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(h)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Notices</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. All notices or communications, unless otherwise
specified in the By-laws of the Corporation or these Articles Supplementary,
shall be sufficiently given if in writing and delivered in person, by
Electronic Means or mailed by first-class mail, postage prepaid.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(i)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Applicable Law Restrictions</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. Notwithstanding anything
expressed or implied to the contrary in these Articles Supplementary, all
dividends, redemptions and other payments by the Corporation on or in respect
of the VRDP Shares shall be paid only out of legally available funds therefor
in respect of shares of the Corporation and otherwise in accordance with
applicable law.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(j)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Appendix A Incorporated by Reference</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">. The Notice of
Special Rate Period </font><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">attached as Appendix A hereto
amends, modifies, and is a part of, these Articles Supplementary. In the event
of any conflict between the terms of Appendix A and any other terms of these
Articles Supplementary during the Special Rate Period specified in Appendix A,
the terms of Appendix A shall govern</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">.</font></h3>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><a name="_Toc57655464"></a><b><font color=black face="times new roman bold" style="font-size:11.0pt;text-transform:uppercase;">PART II</font></b><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">&nbsp;</font></h1>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655465"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">1.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Remarketing Procedures</font></b></h2>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(a)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Pursuant to an Optional Tender, Beneficial Owners may elect to
tender their VRDP Shares (in one or more shares) for purchase at the Purchase
Price on the Purchase Date designated in the Notice of Tender (or, if such day
is not a Business Day, on the next succeeding Business Day) by an effective
delivery of a Notice of Tender to the Tender and Paying Agent. Each Notice of Tender
shall be irrevocable (except as described below) and effective upon receipt by
the Tender and Paying Agent and shall:</font></h3>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(i)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">be delivered by a Beneficial Owner, directly or through its Agent
Member, by email transmission (or if email transmission shall be unavailable,
by facsimile transmission), to the Tender and Paying Agent not later than 2:00
p.m., New York City time, on any Business Day;</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(ii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">state the series and the aggregate number of VRDP Shares to be
purchased, the CUSIP number of the Series of VRDP Shares to be purchased, and
the Purchase Date and be in substantially the form of and contain such other
information specified in an exhibit to the VRDP Shares Purchase Agreement; and</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(iii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">state that the tendering Beneficial Owner acknowledges that such
Beneficial Owner is required to deliver the VRDP Shares that are the subject of
a Notice of Tender (that has not been duly revoked as provided below) on or
before 2:00 p.m., New York City time, on the Purchase Date.</font></h4>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(b)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Upon receipt of a Notice of Tender, the Tender and Paying Agent
shall provide a copy of such notice to the Liquidity Provider and the
Remarketing Agent (with a copy to the Corporation) as promptly as practicable
by Electronic Means, but no later than 4:00 p.m., New York City time, on the
date of receipt or deemed receipt.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;">&nbsp;</h3>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_49"></a><a name="_bclPageBorder49"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(c)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Any Notice of Tender delivered to the Tender and Paying Agent by
a Beneficial Owner or its Agent Member after 2:00 p.m., New York City time,
shall be deemed to have been received by the Tender and Paying Agent on the
next succeeding Business Day, and the Purchase Date shall be adjusted such that
the Purchase Date shall be the Business Day next succeeding the date specified
as the Purchase Date in the relevant Notice of Tender.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(d)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The determination of the Tender and Paying Agent as to whether a
Notice of Tender has been properly delivered pursuant to the foregoing
paragraph (a) shall be conclusive and binding upon the Beneficial Owner and its
Agent Member.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(e)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(i)&#160; Shares of a Series of VRDP Shares are subject to Mandatory
Tender upon the occurrence of a Mandatory Tender Event.</font></h3>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(ii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">So long as the shares of a Series of VRDP Shares are in
book-entry form and held through the Securities Depository, any Mandatory
Tender will be effected automatically through the book-entry system of the
Securities Depository, without any action required on the part of the Holders
or Beneficial Owners. Promptly following the occurrence of a Mandatory Tender
Event, and in any event within three (3) Business Days thereafter, the
Corporation, or the Tender and Paying Agent at the direction of the Corporation
(</font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, that the Tender and Paying Agent may require up to two (2)
Business Days prior notification by Electronic Means by the Corporation), shall
provide a Mandatory Tender Notice by Electronic Means to the Holders, the
Remarketing Agent and the Liquidity Provider, specifying a Purchase Date for
all Outstanding shares of such Series of VRDP Shares. Any notice given in
respect of a Mandatory Tender under these Articles Supplementary will be
conclusively presumed to have been duly given, whether or not the Holders
receive such notice.</font></h4>

<h4 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">(iii)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Upon the occurrence of a Mandatory Tender Event, all Outstanding
shares of a Series of VRDP Shares automatically shall be subject to Mandatory
Tender and delivered to the Tender and Paying Agent for purchase on the
designated Purchase Date by purchasers in the Remarketing in the event of a
successful Remarketing or otherwise by the Liquidity Provider, including any
shares of such Series of VRDP Shares previously tendered pursuant to an
Optional Tender for which the Purchase Date has not yet occurred. In the event
that shares of a Series of VRDP Shares are issued in certificated form outside
the book-entry system of the Securities Depository and a Holder of shares of
such Series of VRDP Shares fails to deliver such shares to which a Mandatory
Tender relates on or prior to the Purchase Date, the Holder of shares of such
Series of VRDP Shares shall not be entitled to any payment (including any
accumulated but unpaid dividends thereon, whether or not earned or declared)
other than the Purchase Price of such undelivered shares of such Series of VRDP
Shares as of the scheduled Purchase Date. Any such undelivered shares of such
Series of VRDP Shares will be deemed to be delivered to the Tender and Paying
Agent, and the Tender and Paying Agent will place stop-transfer orders against
the undelivered shares of such Series of VRDP Shares. Any moneys held by the
Tender and Paying Agent for the purchase of undelivered shares of a Series of
VRDP Shares will be held in a separate account by the Tender and Paying Agent,
will not be invested, and will be held for the exclusive benefit of the Holder
of such undelivered shares of such Series of VRDP Shares. The undelivered
shares of a Series of VRDP Shares will be deemed to be no longer Outstanding
(except as to entitlement to payment of the Purchase Price), and the
Corporation will issue to the purchaser a replacement share certificate in lieu
of such undelivered shares of such Series of VRDP Shares.</font></h4>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;">&nbsp;</h3>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">47</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_50"></a><a name="_bclPageBorder50"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(f)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">A Beneficial Owner or its Agent Member that delivered a Notice of
Tender in connection with an Optional Tender may deliver in writing by email
transmission (or if email transmission shall be unavailable, by facsimile
transmission) to the Tender and Paying Agent, not later than 10:00 a.m., New
York City time, on or prior to the Business Day immediately preceding the
Purchase Date, a notice to the effect that such Beneficial Owner wishes to
revoke its election to tender some or all of the shares of a Series of VRDP
Shares that were specified in such Notice of Tender to be purchased (a &#8220;Notice
of Revocation&#8221;). Any Notice of Revocation delivered to the Tender and Paying
Agent shall be promptly delivered by Electronic Means by the Tender and Paying
Agent to the Liquidity Provider and the Remarketing Agent (with a copy to the
Corporation) by 12:00 noon, New York City time, on the Business Day immediately
preceding the relevant Purchase Date. The Remarketing Agent (following receipt
of such Notice of Revocation) shall notify the Tender and Paying Agent and the
Liquidity Provider of the number of shares of such Series of VRDP Shares
specified in such Notice of Revocation that are subject to an agreement of sale
pursuant to a Remarketing by Electronic Means not later than 2:00 p.m., New
York City time, on the Business Day immediately preceding the Purchase Date.
The Tender and Paying Agent shall contact the Remarketing Agent by Electronic
Means by 1:45 p.m., New York City time, if such notification has not been
received by such time. The Tender and Paying Agent shall deliver such
notification to the Beneficial Owner or its Agent Member promptly following
receipt from the Remarketing Agent, and in any event by 4:00 p.m., New York
City time, on the Business Day immediately preceding the Purchase Date. Any
such Notice of Revocation shall be effective (without further action on the
part of the Beneficial Owner or its Agent Member) as a revocation of the
Optional Tender of the number of shares of such Series of VRDP Shares specified
therein as being sought to be revoked, but (except as set forth below) only if
and to the extent that the Remarketing Agent has not entered into an agreement
to sell shares of such Series of VRDP Shares. A Notice of Revocation shall be
effective as to the number of shares of a Series of VRDP Shares specified
therein as having been revoked less the number of shares of such Series of VRDP
Shares in respect of which the Remarketing Agent has so notified the Tender and
Paying Agent and the Liquidity Provider that it has entered into an agreement
of sale. Notwithstanding the foregoing, tendered shares of a Series of VRDP
Shares, if any, that remain unsold on the related Purchase Date shall be
allocated by the Remarketing Agent to each Notice of Revocation received in
respect of shares of such Series of VRDP Shares tendered for purchase on such
Purchase Date and not already satisfied in the chronological order in which
each such Notice of Revocation was received by the Tender and Paying Agent, and
each such Notice of Revocation shall be effective only to the extent of such
allocation and availability of unsold shares of such Series of VRDP Shares.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(g)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">In connection with any Special Rate Period designated pursuant to
Section 4 of Part I of these Articles Supplementary, the Board of Directors,
without the vote or consent of any Holder of any shares of any Series of VRDP
Shares but with the prior written consent of the Liquidity Provider (except in
the case of an Initial Special Rate Period), in the Notice of Special Rate
Period relating to a Series of the VRDP Shares (other than in the case of an
Initial Special Rate Period), as delivered to the Remarketing Agent and the
Liquidity Provider, may provide for optional tender provisions relating solely
to such Special Rate Period (&#8220;Special Optional Tender Provisions&#8221;) whereby the
minimum number of days&#8217; notice required for an Optional Tender may exceed seven
(7) days as specified in the Special Optional Tender Provisions for such
Special Rate Period.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(h)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The Corporation shall use its best efforts to engage at all times
a Remarketing Agent that is a nationally recognized securities dealer with
experience in remarketing variable-rate securities to use its best efforts to
find purchasers for all shares of a Series of VRDP Shares properly tendered
pursuant to a Tender.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655466"></a></h2>
<a name="_bclFooter50"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">48</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_51"></a><a name="_bclPageBorder51"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><b><font color=black face="Times New Roman" style="font-size:11.0pt;">2.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Remarketing Schedule</font></b></h2>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(a)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">In connection with any attempted Remarketing, all tendered shares
of a Series of VRDP Shares shall be remarketed at the Purchase Price of such
shares. The calculation of the Purchase Price of the shares of such Series of
VRDP Shares that are remarketed or purchased by the Liquidity Provider shall be
made by the Remarketing Agent in advance of such Remarketing or purchase and,
together with the details of the aggregate number and Purchase Price of remarketed
shares of such Series of VRDP Shares and the aggregate number and Purchase
Price of shares of such Series of VRDP Shares to be purchased by the Liquidity
Provider pursuant to the Purchase Obligation, shall be communicated by the
Remarketing Agent to the Corporation, the Liquidity Provider and the Tender and
Paying Agent by Electronic Means by 2:00 p.m., New York City time, on the
Business Day immediately preceding the Purchase Date, as described below. The
proceeds of any sale of any remarketed shares of a Series of VRDP Shares by the
Remarketing Agent relating to tendered shares of such Series of VRDP Shares
shall be used by the Tender and Paying Agent for the purchase of the tendered
shares of such Series of VRDP Shares at the Purchase Price, and the terms of
the sale will provide for the wire transfer of such Purchase Price by the
Remarketing Agent to be received by the Tender and Paying Agent no later than
11:00 a.m., New York City time, on the related Purchase Date for payment to the
Agent Member of the Beneficial Owner, in the case of an Optional Tender, or
Holder, in the case of a Mandatory Tender, tendering shares of such Series of
VRDP Shares for sale through the Securities Depository in immediately available
funds against delivery of the tendered shares of such Series of VRDP Shares to
the Tender and Paying Agent through the Securities Depository, the delivery of
such VRDP Shares to the Tender and Paying Agent through the Securities
Depository no later than 2:00 p.m., New York City time, on the related Purchase
Date and the re-delivery of such shares of such Series of VRDP Shares by means
of &#8220;FREE&#8221; delivery through the Securities Depository to the Remarketing Agent
for delivery to the purchaser&#8217;s Agent Member through the Securities Depository
by 3:00 p.m., New York City time, on the related Purchase Date.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(b)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">By 2:00 p.m., New York City time, on the Business Day immediately
preceding each Purchase Date, the Remarketing Agent shall deliver a notice, in
the form attached as Annex Ito the VRDP Shares Remarketing Agreement, to the
Tender and Paying Agent and the Liquidity Provider (and, at the direction of the
Corporation, concurrently therewith or as promptly as practicable thereafter,
to each Beneficial Owner or Holder tendering VRDP Shares that are the subject
of such notice) (a &#8220;Remarketing Notice&#8221;), by Electronic Means, that sets forth
the number of shares of the Series of VRDP Shares, if any, that it successfully
remarketed for purchase on such Purchase Date and the aggregate Purchase Price
of such sold shares of the Series of VRDP Shares and the number of shares of
such Series of VRDP Shares, if any, not successfully remarketed for purchase on
such Purchase Date and the aggregate Purchase Price of such unsold shares of
the Series of VRDP Shares to be paid by the Liquidity Provider. If the
Remarketing Notice states that the Remarketing Agent has not successfully
remarketed all of the shares of the Series of VRDP Shares to be purchased on
such Purchase Date, the Tender and Paying Agent shall promptly, and in any
event not later than 4:00 p.m., New York City time, on such Business Day,
deliver by Electronic Means to the Liquidity Provider (with a copy to the
Corporation) a Preliminary Notice of Purchase that, subject to delivery of the
Final Notice of Purchase on the Purchase Date described below, provides for the
purchase by the Liquidity Provider of the number of such shares of the Series
of VRDP Shares that the Remarketing Agent stated in the Remarketing Notice as
not having been successfully remarketed, including the aggregate Purchase Price
of such shares of the Series of VRDP Shares, as calculated by the Remarketing
Agent. If the Remarketing Notice states that the Remarketing Agent has not
successfully remarketed all of the shares of the Series of VRDP Shares to be
purchased on such Purchase Date (or if proceeds from a Remarketing for any
tendered shares of the Series of VRDP Shares have not been received for any
reason by the Tender and Paying Agent by 11:00 a.m., New York City time, on the
Purchase Date), the Tender and Paying Agent shall deliver by Electronic Means
to the Liquidity Provider (with a copy to the Corporation) by 12:00 noon, New
York City time, on such Purchase Date a Final Notice of Purchase that states
the number of shares of the Series of VRDP Shares required to be purchased by
the Liquidity Provider. For purposes of the Final </font></h3>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">49</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_52"></a><a name="_bclPageBorder52"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Notice
of Purchase, any tendered shares of the Series of VRDP Shares for which
proceeds from a Remarketing have not been received for any reason by the Tender
and Paying Agent by 11:00 a.m., New York City time, on the Purchase Date (other
than VRDP Shares owned by the Remarketing Agent or Liquidity Provider and
tendered for Remarketing), shall be treated as not having been successfully
remarketed and shall be required to be purchased by the Liquidity Provider.
Except for manifest error, the payment obligation of the Liquidity Provider
shall equal the Purchase Price of the shares of the Series of VRDP Shares
stated in the Final Notice of Purchase delivered to the Liquidity Provider as
being required to be purchased by the Liquidity Provider.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(c)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The Liquidity Provider shall, no later than 2:00 p.m., New York
City time, on a Purchase Date for any shares of a Series of VRDP Shares, wire
transfer the aggregate Purchase Price of all shares of such Series of VRDP
Shares in respect of which Final Notices of Purchase have been delivered to it
for purchase of shares of such Series of VRDP Shares on such date, as follows:
(i) in the case of a Final Notice of Purchase delivered by the Tender and
Paying Agent, by wire transfer, in immediately available funds, to the account
of the Tender and Paying Agent specified by the Tender and Paying Agent in any
such Final Notice of Purchase; and (ii) in the event there is no Tender and Paying
Agent or for any reason the Tender and Paying Agent does not perform its
obligations under the VRDP Shares Purchase Agreement and the Liquidity Provider
has received a Remarketing Notice that such shares of such Series of VRDP
Shares have not been the subject of an agreement of sale in a Remarketing and
has received written notice from the Corporation that there is no Tender and
Paying Agent or that the Tender and Paying Agent does not intend to perform its
obligations under the VRDP Shares Purchase Agreement, in the case of a Final
Notice of Purchase delivered by a Beneficial Owner or its Agent Member, in the
case of an Optional Tender, or by a Holder, in the case of a Mandatory Tender,
by payment against delivery of the shares of such Series of VRDP Shares that
are the subject of any such Final Notice of Purchase, through means of the
Securities Depository in the case of shares of such Series of VRDP Shares in
the form of global securities.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(d)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Upon receipt by the Tender and Paying Agent from the Beneficial
Owner or its Agent Member, in the case of an Optional Tender, or from the
Holder, in the case of a Mandatory Tender, of tendered shares of a Series of
VRDP Shares and the payment by the Tender and Paying Agent to such Beneficial
Owner or its Agent Member, or such Holder, as the case may be, of the Purchase
Price therefor on the applicable Purchase Date, the Tender and Paying Agent
shall deliver to the Liquidity Provider, by means of &#8220;FREE&#8221; delivery through
the system of the Securities Depository, shares of such Series of VRDP Shares
in satisfaction of the Liquidity Provider&#8217;s Purchase Obligation on such
Purchase Date. Any funds paid by the Liquidity Provider and held in the account
of the Tender and Paying Agent for the payment of the Purchase Price shall be
held in trust (i) in the case of an Optional Tender, on the Purchase Date, for
the benefit of the tendering Beneficial Owners or their Agent Members until
2:00 p.m., New York City time, on the Purchase Date and, after such time, in
trust for the benefit of the Liquidity Provider, for payment of the Purchase
Price upon delivery of the shares of such Series of VRDP Shares or, with
respect to shares of such Series of VRDP Shares that are not delivered, for
return to the Liquidity Provider upon its request and (ii) in the case of a
Mandatory Tender, for the benefit of the tendering Holders until delivery of
the shares of such Series of VRDP Shares by the tendering Holders against
payment therefor. Any funds paid by the Remarketing Agent and held in an account
of the Tender and Paying Agent for the payment of the Purchase Price in
connection with a Remarketing shall be held in trust (i) in the case of an
Optional Tender, on the Purchase Date, for the benefit of the tendering
Beneficial Owners or their Agent Members until 2:00 p.m., New York City time,
on the Purchase Date and, after such time, in trust for the benefit of the
Remarketing Agent on account of purchasers purchasing in a Remarketing or for
the Remarketing Agent&#8217;s account to the extent it has advanced the Purchase
Price of any shares of such Series of VRDP Shares (which it may or may not do
in its sole discretion) on behalf of one or more purchasers, as applicable, for
payment of the Purchase Price upon delivery of the shares of such Series of
VRDP Shares or, with respect to shares of such Series of VRDP Shares that are
not delivered, for return to the Remarketing Agent on account of purchasers
purchasing in a Remarketing or for the Remarketing Agent&#8217;s account to the
extent it has advanced the </font></h3>
<a name="_bclFooter52"></a><DIV>


<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">50</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_53"></a><a name="_bclPageBorder53"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Purchase Price of any
shares of such Series of VRDP Shares (which it may or may not do in its sole
discretion) on behalf of one or more purchasers, as applicable, upon the
Remarketing Agent&#8217;s request and (ii) in the case of a Mandatory Tender, for the
benefit of the tendering Holders until delivery of the shares of the Series of
VRDP Shares by the tendering Holders against payment therefor. Upon receipt of
the shares of a Series of VRDP Shares from the tendering Beneficial Owners or
their Agent Members, in the case of an Optional Tender, or from the tendering
Holders, in the case of a Mandatory Tender, by the Tender and Paying Agent, the
Tender and Paying Agent shall pay, subject to receipt of the Purchase Price by
the Tender and Paying Agent in the form of proceeds of a Remarketing from the
Remarketing Agent, with respect to the shares of such Series of VRDP Shares
remarketed by the Remarketing Agent, or in the form of payment pursuant to the
VRDP Shares Purchase Agreement from the Liquidity Provider, with respect to the
shares of such Series of VRDP Shares subject to purchase pursuant to the
Purchase Obligation, the Purchase Price for shares of such Series of VRDP
Shares to such tendering Beneficial Owner, Agent Member or Holder, as the case
may be. In accordance with and subject to the foregoing, the Tender and Paying
Agent shall effect any such payment on the applicable Purchase Date.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(e)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Except as otherwise expressly provided for herein, the purchase
and delivery of tendered shares of a Series of VRDP Shares in the form of
global securities and their Remarketing will be accomplished in accordance with
the applicable rules and procedures of the Securities Depository.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(f)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">In connection with the allocation of shares of a Series of VRDP
Shares tendered for Remarketing, the Remarketing Agent shall allocate those
shares of such Series of VRDP Shares previously acquired by the Liquidity
Provider pursuant to its Purchase Obligation first to any purchasers in a
Remarketing (such allocation coming first from those shares of such Series of
VRDP Shares acquired earliest by the Liquidity Provider).</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(g)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The Remarketing Agent and the Tender and Paying Agent each shall
use commercially reasonable efforts to meet the timing requirements set forth
above. Subject to the VRDP Shares Remarketing Agreement, the Remarketing Agent
may, in its sole discretion, modify the settlement procedures set forth above
with respect to any Remarketing upon ten (10) days&#8217; prior written notice to the
Corporation, the Liquidity Provider and the Tender and Paying Agent, provided
any such modification does not adversely affect the Holders, the Beneficial
Owners, the Tender and Paying Agent, the Liquidity Provider or the Corporation.
The Remarketing Agent may sell shares of a Series of VRDP Shares for its own
account outside of a Remarketing at a price other than the Purchase Price,
subject to the restrictions set forth in Section 2(f) of the VRDP Shares
Remarketing Agreement.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(h)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">At any time that no Purchase Obligation is in effect (or with
respect to a remarketing of shares of a Series of VRDP Shares held by the
Liquidity Provider as to which any then-effective Purchase Obligation by a
successor liquidity provider is inapplicable), any shares of a Series of VRDP
Shares unsold in a Remarketing will be returned to the relevant tendering
Beneficial Owners or their Agent Members, or the relevant tendering Holders, as
the case may be, including the Liquidity Provider with respect to Purchased
VRDP Shares, by the Tender and Paying Agent.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655467"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">3.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Determination of Applicable Rate</font></b></h2>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(a)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The Applicable Rate shall be determined by the Remarketing Agent
on and as of each Rate Determination Date as the lowest rate under
then-existing market conditions that in the Remarketing Agent&#8217;s sole judgment
would result in the shares of the Series of VRDP Shares on the first (1st) day
of the Subsequent Rate Period next succeeding the Rate Determination Date
having a market value equal to the Liquidation Preference thereof (</font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">plus </font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">accumulated
but unpaid dividends thereon, whether or not earned or declared). Such
determination shall be conclusive and binding upon the interested parties. The
Applicable Rate shall not be more than the Maximum Rate.</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;"> </font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Notwithstanding the foregoing, the Applicable Rate for a </font></h3>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">51</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_54"></a><a name="_bclPageBorder54"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Subsequent Rate Period that has been designated a Special
Rate Period may be determined in accordance with the Notice of Special Rate
Period designating such Special Rate Period.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(b)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The Remarketing Agent shall establish the Applicable Rate by 5:00
p.m., New York City time, on each Rate Determination Date to the nearest
one-thousandth (0.001) of one percent </font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">per annum </font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">for the Subsequent Rate
Period. The Applicable Rate shall be in effect from and including the first
(1st) day following such Rate Determination Date to and including the following
Rate Determination Date. The Remarketing Agent shall make the Applicable Rate
available after 5:00 p.m., New York City time, on the Rate Determination Date
by Electronic Means to the Corporation, the Tender and Paying Agent and the
Liquidity Provider and post the Applicable Rate on Bloomberg on such Rate
Determination Date.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(c)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">In the event that the Remarketing Agent establishes the Maximum
Rate as the Applicable Rate for a Subsequent Rate Period, the Remarketing Agent
shall notify the Corporation and the Tender and Paying Agent of the Maximum
Rate by Electronic Means after 5:00 P.M., New York City time, on each Rate
Determination Date. The Corporation will require in the Tender and Paying Agent
Agreement that the Tender and Paying Agent will notify the Liquidity Provider
and the Holders of VRDP Shares by first-class mail, postage prepaid (in the
case of physical shares), or by Electronic Means (in the case of VRDP Shares in
the form of global securities) that the Applicable Rate for the Subsequent Rate
Period is the Maximum Rate.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(d)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">In the event the Remarketing Agent does not or is unable to
determine the Applicable Rate, or if there is no Remarketing Agent, the
Applicable Rate shall be the Maximum Rate.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(e)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">In the event of a Failed Remarketing Condition, the Applicable
Rate as of the close of business on the day the Failed Remarketing Condition
first occurs will be adjusted to the Maximum Rate (with the Applicable Spread
subject to adjustment as set forth in the definition of Applicable Spread) and
the Maximum Rate will continue to be the Applicable Rate (i) until the first
(1st) day of the next succeeding Subsequent Rate Period after a Failed
Remarketing Condition no longer exists in the case of a Minimum Rate Period or
a Special Rate Period of twenty-eight (28) Rate Period Days or fewer, and (ii)
until the first (1st) day of the next succeeding Dividend Period after the
Failed Remarketing Condition no longer exists in the case of a Special Rate
Period of greater than twenty-eight (28) Rate Period Days.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655468"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">4.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Failed Remarketing Condition</font></b></h2>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:.4pt;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">In the event of a Failed Remarketing Condition, pursuant
to the Tender and Paying Agent Agreement, the Tender and Paying Agent shall
provide notice of a Failed Remarketing Condition promptly, but in any event
within two (2) Business Days of receipt by the Tender and Paying Agent of
notice from the Corporation of the occurrence of such Failed Remarketing
Condition, by Electronic Means (or by first-class mail, postage prepaid, in the
case where VRDP Shares are in physical form outside the book-entry system of
the Securities Depository) to the Holders (with a copy to the Corporation).</font></p>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655469"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">5.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Purchase of VRDP Shares by Remarketing Agent</font></b></h2>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:.4pt;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">The Remarketing Agent in its sole discretion may purchase
for its own account shares of a Series of VRDP Shares in a Remarketing;
however, the Remarketing Agent shall not be obligated to purchase any shares of
a Series of VRDP Shares that would otherwise remain unsold in a Remarketing.
None of the Corporation, the Tender and Paying Agent or any Remarketing Agent
shall be obligated in any case to provide funds to make payment to a Beneficial
Owner or its Agent Member upon such Beneficial Owner&#8217;s tender of its shares of
a Series of VRDP Shares in a Remarketing unless, in each case, such shares of
such Series of VRDP Shares were acquired for the account of the Corporation,
the Tender and Paying Agent or the Remarketing Agent.</font></p>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655470"></a></h2>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">52</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_55"></a><a name="_bclPageBorder55"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><b><font color=black face="Times New Roman" style="font-size:11.0pt;">6.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Notification of Allocations</font></b></h2>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:.4pt;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Whenever the Corporation intends to include any net
capital gains or ordinary income taxable for regular federal income tax purposes
in any dividend on shares of a Series of VRDP Shares, the Corporation shall
(except as provided below) notify the Remarketing Agent and Tender and Paying
Agent of the amount to be so included (i) not later than fourteen (14) calendar
days preceding the first Rate Determination Date on which the Applicable Rate
for such dividend is to be established, and (ii) for any successive Rate
Determination Date on which the Applicable Rate for such dividend is to be
established, not later than the close of business on the immediately preceding
Rate Determination Date. Whenever such advance notice is received from the
Corporation, the Tender and Paying Agent will notify each Holder and the
Remarketing Agent will promptly notify each potential Beneficial Owner or its Agent
Member. With respect to a Rate Period for which such advance notice was given
and whose dividends are comprised partly of such ordinary income or capital
gains and partly of exempt interest income, the different types of income will
be paid in the same relative proportions for each day during the Rate Period. The
Corporation may also include such ordinary income or capital gains in a
dividend on shares of a Series of VRDP Shares without giving advance notice
thereof if it increases the dividends by an additional amount calculated as if
such income was a Taxable Allocation and the additional amount was a Gross-up
Payment, provided the Corporation will notify the Tender and Paying Agent of
the additional amounts to be included in such dividend at least five (5)
Business Days prior to the applicable Dividend Payment Date.</font></p>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655471"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">7.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Transfers</font></b></h2>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(a)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">Unless otherwise permitted by the Corporation or otherwise
permitted by the VRDP Shares Remarketing Agreement in the case of VRDP Shares
owned by the Liquidity Provider or the Remarketing Agent, a Beneficial Owner or
Holder may sell, transfer or otherwise dispose of shares of a Series of VRDP
Shares only in whole shares and only pursuant to a Remarketing in accordance
with the Remarketing Procedures set forth in Part II of these Articles
Supplementary, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, that a sale, transfer or other
disposition of shares of a Series of VRDP Shares from a Beneficial Owner who
holds shares of a Series of VRDP Shares through an Agent Member to another
Beneficial Owner who holds shares of a Series of VRDP Shares through the same
Agent Member shall be permitted. In the case of all transfers other than
pursuant to Remarketings made in accordance with the preceding sentence, the
Agent Member or other Person to whom such transfer is made shall advise the
Remarketing Agent. The Corporation has not registered the shares of any Series
of VRDP Shares under the Securities Act. Accordingly, the shares of each Series
of VRDP Shares are subject to restrictions on transferability and resale and
may only be purchased by and sold to &#8220;qualified institutional buyers&#8221; (as
defined in Rule 144A under the Securities Act or any successor provision) in
accordance with Rule 144A under the Securities Act or any successor provision
or any exemption from registration available and otherwise in accordance with
the legend set forth on the face of the share certificate for the share of a
Series of VRDP Shares.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(b)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">The Investment Adviser, affiliated persons of the Investment
Adviser (as defined in Section 2(a)(3) of the 1940 Act) (other than the
Corporation, in the case of a purchase of shares of a Series of VRDP Shares
which are to be cancelled within ten (10) days of purchase by the Corporation),
and Persons over which the Investment Adviser, or affiliated persons of the
Investment Adviser (as defined in Section 2(a)(3) of the 1940 Act), exercise
discretionary investment or voting authority (other than the Corporation, in
the case of a purchase of shares of a Series of VRDP Shares which are to be
cancelled within ten (10) days of purchase by the Corporation) are not
permitted to purchase shares of a Series of VRDP Shares without the prior
written consent of the Liquidity Provider, and any such purchases shall be </font><i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">void
ab initio</font></i><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">however</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, that the Corporation shall give
prompt notice to Beneficial Owners by Electronic Means upon any of the
foregoing Persons (with the prior written consent of the Liquidity Provider),
singly or in the aggregate, acquiring a beneficial interest in 20% or more of
the VRDP Shares; </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">provided</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, </font><u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">further</font></u><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">, that without regard to the
preceding requirements, purchases of shares of a Series of VRDP Shares may be
made </font></h3>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">53</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_56"></a><a name="_bclPageBorder56"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">by broker-dealers that are affiliated persons of
the Investment Adviser in riskless principal transactions with respect to such
purchases of shares of a Series of VRDP Shares.</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face=times style="font-size:11.0pt;font-weight:normal;">(c)</font><font color=black face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:11.0pt;font-weight:normal;">If at any time the Corporation is not furnishing information to
the SEC pursuant to Section 13 or 15(d) of the Exchange Act, in order to
preserve the exemption for resales and transfers under Rule 144A, the Corporation
shall furnish, or cause to be furnished, to Holders and Beneficial Owners of
shares of a Series of VRDP Shares and prospective purchasers of shares of a
Series of VRDP Shares, upon request, information with respect to the
Corporation satisfying the requirements of subsection (d)(4) of Rule 144A.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><a name="_Toc57655472"></a><b><font color=black face="Times New Roman" style="font-size:11.0pt;">8.</font></b><b><font color=black face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Global Certificate</font></b></h2>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Prior to the commencement of a Voting Period,
(i) all of the shares of a Series of VRDP Shares Outstanding from time to time
shall be represented by one or more global certificates registered in the name
of the Securities Depository or its nominee and countersigned by the Tender and
Paying Agent and (ii) no registration of transfer of shares of a Series of VRDP
Shares shall be made on the books of the Corporation to any Person other than
the Securities Depository or its nominee. The foregoing restriction on
registration of transfer shall be conspicuously noted on the face or back of
the certificates of VRDP Shares in such a manner as to comply with the
requirements of Section 8-204 of the Uniform Commercial Code as in effect in
the State of Maryland, or any successor provisions.</font></p>









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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">54</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;"></font></font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_57"></a><a name="_bclPageBorder57"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">IN WITNESS WHEREOF,
BLACKROCK MUNIASSETS FUND, INC. has caused these Articles to be signed as of December
15, 2021, in its name and on its behalf by the person named below who
acknowledges that these Articles Supplementary are the act of the Corporation
and, to the best of such person&#8217;s knowledge, information and belief and under
penalties for perjury, all matters and facts contained in these Articles
Supplementary are true in all material respects.</font></p>

<p style="margin-bottom:0in;margin-left:3.0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:3.0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">BLACKROCK MUNIASSETS FUND, INC.</font></p>

<p style="margin-bottom:0in;margin-left:3.0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:3.0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:3.0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">By: </font><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">/s/ Jonathan Diorio &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></u></p>

<p style="margin-bottom:0in;margin-left:3.0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Name:&#160; Jonathan Diorio</font></p>

<p style="margin-bottom:0in;margin-left:3.0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Title:&#160; Vice President</font></p>

<p style="margin-bottom:0in;margin-left:3.0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:3.0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">ATTEST:</font></p>

<p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">/s/ Janey Ahn&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></u></p>

<p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Name:&#160; Janey Ahn</font></p>

<p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Title:&#160; Secretary</font></p>

<p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>











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<p align=center style="margin:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">Signature Page to Articles Supplementary (MUA)</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>


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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_58"></a><a name="_bclPageBorder58"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=center style="margin:0in;margin-top:.5pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:13.7pt;vertical-align:baseline;">Appendix A</font></b></p>

<p align=center style="margin:0in;margin-top:11.95pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:13.65pt;vertical-align:baseline;">Notice
of Special Rate Period</font></p>

<p align=center style="margin:0in;margin-bottom:12.0pt;text-align:center;"><font color=blue face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>




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<DOCUMENT>
<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>3
<FILENAME>NCEN_811-07642_40895990_0422.htm
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<p style="margin-bottom:3.15pt;margin-left:0in;margin-right:0pt;margin-top:3.15pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=black face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">To the Shareholders and Board of Directors
of BlackRock MuniAssets Fund, Inc., BlackRock Municipal Income Fund, Inc.,
BlackRock MuniHoldings Fund, Inc., and BlackRock MuniVest Fund II, Inc.: </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">In
planning and performing our audits of the financial statements of BlackRock
MuniAssets Fund, Inc., BlackRock Municipal Income Fund, Inc., BlackRock
MuniHoldings Fund, Inc., and BlackRock MuniVest Fund II, Inc. (the &#8220;Funds&#8221;) as
of and for the year ended April 30, 2022, in accordance with the standards of
the Public Company Accounting Oversight Board (United States) (PCAOB), we
considered the Funds&#8217; internal control over financial reporting, including
controls over safeguarding securities, as a basis for designing our auditing
procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-CEN, but not for the
purpose of expressing an opinion on the effectiveness of the Funds&#8217; internal
control over financial reporting. Accordingly, we express no such opinion. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">The management of the Funds is responsible for
establishing and maintaining effective internal control over financial
reporting. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of controls.
A company's internal control over financial reporting is a process designed to
provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles. A company's internal control
over financial reporting includes those policies and procedures that (1)
pertain to the maintenance of records that, in reasonable detail, accurately
and fairly reflect the transactions and dispositions of the assets of the
company; (2) provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in accordance with
generally accepted accounting principles, and that receipts and expenditures of
the company are being made only in accordance with authorizations of management
and directors of the company; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use, or disposition
of a company's assets that could have a material effect on the financial
statements. </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">Because of its inherent limitations, internal control
over financial reporting may not prevent or detect misstatements. Also,
projections of any evaluation of effectiveness to future periods are subject to
the risk that controls may become inadequate because of changes in conditions
or that the degree of compliance with the policies or procedures may
deteriorate. </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">A deficiency in internal control over financial
reporting exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned
functions, to prevent or detect misstatements on a timely basis. A material
weakness is a deficiency, or a combination of deficiencies, in internal control
over financial reporting, such that there is a reasonable possibility that a
material misstatement of the company&#8217;s annual or interim financial statements
will not be prevented or detected on a timely basis. </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">Our consideration of the Funds&#8217; internal control over
financial reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies in internal
control that might be material weaknesses under standards established by the
PCAOB. However, we noted no deficiencies in the Funds&#8217; internal control over
financial reporting and its operation, including controls for safeguarding
securities, that we consider to be a material weakness, as defined above, as of
April 30, 2022. </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">This report is intended solely for the information and
use of management and the Board of Directors of the Funds and the Securities
and Exchange Commission and is not intended to be and should not be used by
anyone other than these specified parties. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">/s/Deloitte
&amp; Touche LLP </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">Boston,
Massachusetts </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;line-height:106%;">June
28, 2022</font></p>




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<DOCUMENT>
<TYPE>MATERIAL AMENDMENTS
<SEQUENCE>4
<FILENAME>NCEN_811-07642_57977998_0422.htm
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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">BLACKROCK MUNIASSETS FUND, INC.</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">AMENDED AND RESTATED <br>
BYLAWS</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Effective as of November 2, 2021</font></b></p>









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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4860-9452-0833</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">47438659.1</font></font><font style=""></font></p>


</DIV>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">TABLE OF CONTENTS</font></b></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:right;"><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Page</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ARTICLE I</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">SHAREHOLDER MEETINGS</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chair&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 2. &#160;&#160;&#160;&#160;&#160;&#160; Annual Meetings of Shareholders&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Special Meetings of Shareholders&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 4. &#160;&#160;&#160;&#160;&#160;&#160; Place of Meetings&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 5. &#160;&#160;&#160;&#160;&#160;&#160; Notice of Meetings&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 5</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6. &#160;&#160;&#160;&#160;&#160;&#160; Nature of Business at Annual Meetings of
Shareholders&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 5</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7. &#160;&#160;&#160;&#160;&#160;&#160; Nomination of Directors&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 7</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 8. &#160;&#160;&#160;&#160;&#160;&#160; Conduct of Meetings&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 11</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 9. &#160;&#160;&#160;&#160;&#160;&#160; Postponements; Adjournments&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 12</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 10. &#160;&#160;&#160;&#160; Record Date&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 12</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 11. &#160;&#160;&#160;&#160; Voting &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 13</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 12. &#160;&#160;&#160;&#160; Quorum&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 13</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 13. &#160;&#160;&#160;&#160; Proxies&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 14</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 14. &#160;&#160;&#160;&#160; Inspectors of Election&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 15</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 15.&#160;&#160;&#160;&#160;&#160; Shareholder Action by Written Consent&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 15</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ARTICLE II <br>
DIRECTORS</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1. &#160;&#160;&#160;&#160;&#160;&#160; Number and Qualification&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 16</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 2. &#160;&#160;&#160;&#160;&#160;&#160; Classes and Term of Office&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 19</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Resignation and Removal&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 19</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 4. &#160;&#160;&#160;&#160;&#160;&#160; Vacancies&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 20</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 5. &#160;&#160;&#160;&#160;&#160;&#160; Meetings&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 20</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6. &#160;&#160;&#160;&#160;&#160;&#160; Quorum&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 21</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7. &#160;&#160;&#160;&#160;&#160;&#160; Required Vote &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 21</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 8. &#160;&#160;&#160;&#160;&#160;&#160; Committees&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 21</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 9. &#160;&#160;&#160;&#160;&#160;&#160; Director Action by Written Consent&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 22</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 10. &#160;&#160;&#160;&#160; Chair; Records&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 22</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 11. &#160;&#160;&#160;&#160; Delegation&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 22</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 12. &#160;&#160;&#160;&#160; Compensation &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 22</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 13.&#160;&#160;&#160;&#160;&#160; Governance&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 22</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ARTICLE III</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">OFFICERS</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1. &#160;&#160;&#160;&#160;&#160;&#160; Officers of the Fund&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 23</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 2. &#160;&#160;&#160;&#160;&#160;&#160; Election and Tenure&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 23</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Removal and Resignation of Officers &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 23</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 4. &#160;&#160;&#160;&#160;&#160;&#160; Chair of the Board of Directors&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 23</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 5. &#160;&#160;&#160;&#160;&#160;&#160; Vice Chair of the Board
of Directors&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 23</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6. &#160;&#160;&#160;&#160;&#160;&#160; President&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 23</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7. &#160;&#160;&#160;&#160;&#160;&#160; Secretary&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 23</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 8. &#160;&#160;&#160;&#160;&#160;&#160; Treasurer and/or Chief Financial Officer&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 24</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 9. &#160;&#160;&#160;&#160;&#160;&#160; Other Officers and Duties&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 24</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ARTICLE IV</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">LIMITATIONS OF LIABILITY AND
INDEMNIFICATION</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1. &#160;&#160;&#160;&#160;&#160;&#160; No Personal Liability of Directors or Officers&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 25</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 2. &#160;&#160;&#160;&#160;&#160;&#160; Mandatory Indemnification&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 25</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3. &#160;&#160;&#160;&#160;&#160;&#160; Good Faith Defined; Reliance on Experts&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 26</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 4. &#160;&#160;&#160;&#160;&#160;&#160; Survival of Indemnification and Advancement of
Expenses &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 26</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 5. &#160;&#160;&#160;&#160;&#160;&#160; Insurance&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 26</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Subrogation&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 26</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ARTICLE V</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">STOCK</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1. &#160;&#160;&#160;&#160;&#160;&#160; Shares of Stock&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 27</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 2. &#160;&#160;&#160;&#160;&#160;&#160; Transfer Agents, Registrars and the Like&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 27</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3. &#160;&#160;&#160;&#160;&#160;&#160; Transfer of Shares&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 27</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 4. &#160;&#160;&#160;&#160;&#160;&#160; Registered Shareholders&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 27</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 5. &#160;&#160;&#160;&#160;&#160;&#160; Register of Shares&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 27</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6. &#160;&#160;&#160;&#160;&#160;&#160; Disclosure of Holdings&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 28</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7. &#160;&#160;&#160;&#160;&#160;&#160; Signatures&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 28</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 8. &#160;&#160;&#160;&#160;&#160;&#160; Lost Certificates&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 28</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ARTICLE VI</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">MISCELLANEOUS</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1. &#160;&#160;&#160;&#160;&#160;&#160; Filing&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 28</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 2. &#160;&#160;&#160;&#160;&#160;&#160; Governing Law&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 28</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3. &#160;&#160;&#160;&#160;&#160;&#160; Provisions in Conflict with Law or Regulation&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 29</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 4. &#160;&#160;&#160;&#160;&#160;&#160; Control Share Acquisition Act&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 29</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ARTICLE VII</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">AMENDMENT OF BYLAWS</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1. &#160;&#160;&#160;&#160;&#160;&#160; Amendment and Repeal of Bylaws&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 29&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>









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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">BLACKROCK
MUNIASSETS FUND, INC. </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">BYLAWS</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">These Bylaws are made and adopted pursuant to the Articles of
Incorporation, dated as of April 14, 1993, as from time to time amended (hereinafter
called the &#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Charter</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221;), of BlackRock MuniAssets Fund, Inc. (the &#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Fund</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221;).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Definitions. As used in these Bylaws, the following terms shall
have the following meanings:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">12(d) Holder</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall have the meaning set forth in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section
1</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article II</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">1940 Act</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall mean the Investment Company Act of 1940
and the rules and regulations promulgated thereunder.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">5% Holder</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall have the meaning set forth in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section
1</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article II</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Act</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">
</font><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">shall have the meaning set forth in </font><u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">Section 4</font></u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">Article VI</font></u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Bylaws</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall mean these Bylaws of the Fund as amended or
restated from time to time by the Directors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Code</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall mean the Internal Revenue Code of 1986, as
amended, and the regulations promulgated thereunder.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">Contested
Election</font></u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">&#8221; shall mean any election of Directors in which the number of
persons nominated for election as Directors in accordance with </font><u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">Section&nbsp;7</font></u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">
of </font><u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;"> exceeds the number of Directors to be elected, with the
determination that any election of Directors is a Contested Election to be made
by the Secretary or other officer of the Fund prior to the time the Fund mails
its initial proxy statement in connection with such election of Directors. If,
prior to the time the Fund mails its initial proxy statement in connection with
such election of Directors, one or more persons nominated for election as a
Director are withdrawn such that the number of persons nominated for election
as Director no longer exceeds the number of Directors to be elected, such
election shall not be considered a Contested Election.</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.35in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#160;&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Directors</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; and &#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Board of
Directors</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall mean the persons duly elected or appointed to the Board of
Trustees or Board of Directors, as the case may be, of the Fund from time to
time, so long as they shall continue in office, and all other persons who at
the time in question have been duly elected or appointed and have qualified as
directors or trustees in accordance with the provisions hereof and are then in
office.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.35in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Disabling Conduct</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall have the meaning set forth in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section
2(a)</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article IV</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.35in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Exchan</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">g</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">e Act</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall mean
the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.35in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.35in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">immediate family member</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall
mean any parent, child, spouse, spouse of a parent, spouse of a child, brother
or sister (including step and adoptive relationships).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.35in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Indemnitee</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall have the meaning set forth in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section
2(a)</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article IV</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#160;&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Independent Director</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall mean a Director that is not
an &#8220;interested person&#8221; as defined in Section 2(a)(19) of the 1940 Act.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Independent Non-Party Directors</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall have the meaning
set forth in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 2(b)</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article IV</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">investment compan</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">y&#8221; shall have the meaning set forth in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section
1</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article II</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Mana</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">g</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ement Director</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall have the meaning set
forth in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article II</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">MGCL</font></u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">&#8221;
shall have the meaning set forth in </font><u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">Section 4</font></u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:12.0pt;">Article II.</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">nominated or seated</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall have the meaning set forth in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section
1</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article II</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Non-Mana</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">g</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ement Director</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall have the meaning set
forth in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article II</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.15in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.35in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Person</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall mean and include
natural persons, corporations, partnerships, trusts, limited liability
companies, associations, joint ventures and other entities, whether or not
legal entities, and governments and agencies and political subdivisions
thereof.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.35in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Prohibited Conduct</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall have the meaning set forth in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section
1</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article II</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Proposed Nominee</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall have the meaning set forth in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section
7 </font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Proposed Nominee Associated Person</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; of any Proposed
Nominee shall mean (A) any Person acting in concert with such Proposed Nominee,
(B) any direct or indirect beneficial owner of Shares owned of record or
beneficially by such Proposed Nominee or Person acting in concert with the
Proposed Nominee and (C) any Person controlling, controlled by or under common
control with such Proposed Nominee or a Proposed Nominee Associated Person.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.6in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">proxy access rules</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall have the meaning set forth in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section
7</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">SEC</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall mean the Securities and Exchange Commission.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Shareholder Associated Person</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; of any beneficial or record
shareholder shall mean (A) any Person acting in concert with such shareholder,
(B) any direct or indirect beneficial owner of Shares owned of record or
beneficially by such shareholder or any Person acting in concert with such
shareholder, (C) any Person controlling, controlled by or under common control
with such shareholder or a Shareholder Associated Person and (D) any member of
the immediate family of such shareholder or Shareholder Associated Person.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.6in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>


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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Shares</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall mean (i) if the Fund
is organized as a trust, the units of beneficial interest into which the
beneficial interests in the Fund shall be divided from time to time, (ii) if
the Fund is organized as a corporation, the shares of stock of the Fund and
(iii) if the Fund is organized as a limited liability company, the limited
liability company interests of the Fund, and in each case includes fractions of
Shares as well as whole Shares. In addition, Shares also means any preferred
units of beneficial interest, preferred stock or preferred limited liability
company interests which may be issued from time to time, as described herein.
All references to Shares shall be deemed to be Shares of any or all series or
classes as the context may require.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.6in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;s</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">pecial meeting in lieu of an annual meetin</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">g&#8221; shall mean a
special meeting called by Directors for the purpose of electing Directors in
the event that an annual meeting is not held on or before such date as may be
required by the NYSE Amex, New York Stock Exchange or such other exchange or
trading system on which shares are principally traded, if applicable.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.6in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;S</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">pecial Counsel</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall mean an &#8220;independent legal counsel&#8221;
as defined in Reg. &#167;270.0-1(a)(6) promulgated under the 1940 Act, and such
counsel shall be selected by (i) a majority of the Independent Non-Party
Directors, (ii) if fewer than 50% of the Independent Directors are Independent
Non-Party Directors, the regular independent counsel to the Independent
Directors, or (iii) if such counsel is not able to act in a capacity
contemplated in these Bylaws for ethical or other reasons, counsel selected by
such regular independent counsel to the Independent Directors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.6in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Special Meeting Request</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221; shall have the meaning set forth
in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3(b)(i)</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:.75in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ARTICLE I</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">SHAREHOLDER MEETINGS</font></u></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;vertical-align:baseline;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Chair</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The Chair, if any, shall act as
chair at all meetings of the shareholders. In the Chair&#8217;s absence, the Vice
Chair, if any, shall act as chair at the meeting. In the absence of the Chair
and the Vice Chair, the Director or Directors present at each meeting or the
Board of Directors may elect a temporary chair for the meeting, who may be one
of the Directors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.6in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 2.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Annual Meetin</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">g</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">s of Shareholders</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.
The annual meeting of shareholders for the election of directors shall be held
on such date and at such time and at such place as shall be designated from
time to time by the Board of Directors. In the event that such a meeting is not
held on or before such date as may be required by the NYSE Amex, New York Stock
Exchange or such other exchange or trading system on which shares are
principally traded, if applicable, a subsequent &#8220;special meeting in lieu of an
annual meeting&#8221; may be called by the Directors. Any other proper business may
be transacted at the annual meeting of shareholders. Directors may only be
elected at an annual meeting of shareholders or a special meeting in lieu of an
annual meeting of shareholders.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.6in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Special Meetin</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">g</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">s of Shareholders</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">
</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(a) &#160;&#160;&#160;&#160;&#160;&#160; Unless otherwise required by binding law or by the
Charter, special meetings of shareholders, for any purpose or purposes, except
for the election of Directors, may be called by the Board of Directors (or any
duly authorized committee), the Chair or the President </font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">and
shall be called by the Secretary at the request in writing by the shareholders
of record of not less than a majority of the outstanding Shares of the Fund or
class or series of Shares having voting rights on the matter. Only such
business shall be conducted at a special meeting as shall be specified in the
notice of meeting (or any supplement thereto).</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.1in;text-align:justify;text-indent:.3in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(b) &#160;&#160;&#160;&#160;&#160; (i) &#160;&#160;&#160;&#160;&#160;&#160; Any shareholder of record seeking to request
a special meeting shall send written notice to the Secretary (the &#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Special
Meeting Request</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221;) by registered mail, return receipt requested, requesting
the Secretary to call a special meeting. Proof of the requesting shareholder&#8217;s
ownership of Shares at the time of giving the Special Meeting Request must
accompany the requesting shareholder&#8217;s Special Meeting Request. The Special
Meeting Request shall set forth the purpose of the meeting and the matters
proposed to be acted on at the meeting, shall be signed by one or more
shareholders of record (or their duly authorized agents), shall bear the date
of signature of each requesting shareholder (or its duly authorized agent)
signing the Special Meeting Request and shall set forth all information that
each such shareholder of record and, with respect to the beneficial owners of
Shares on whose behalf such request is being made, each such beneficial owner
of Shares would be required to disclose in a proxy statement or other filings
required to be made in connection with solicitations of proxies with respect to
the proposed business to be brought before the meeting pursuant to Section 14
of the Exchange Act, as well as additional information required by </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">
</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6(d)</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of these Bylaws. Upon receiving the Special Meeting
Request, the Directors may in their discretion fix a special meeting date, which
need not be the same date as that requested in the Special Meeting Request.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.4in;text-align:justify;text-indent:.3in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(ii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">A shareholder of
record providing notice of business proposed to be brought before a special
meeting shall further update and supplement such notice, if necessary, so that
the information provided or required to be provided in such notice pursuant to
this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3(b)</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> shall be true and correct as of the record date for
determining the shareholders entitled to receive notice of the special meeting
and such update and supplement shall be delivered to or be mailed and received
by the Secretary at the principal executive offices of the Fund not later than
five (5) business days after the record date for determining the shareholders
entitled to receive notice of the special meeting.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(iii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">The Board of Directors
shall determine the validity of any purported Special Meeting Request received
by the Secretary.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(iv)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Within ten (10) days
of receipt of a valid Special Meeting Request, the Secretary shall inform the
requesting shareholders of the reasonably estimated cost of preparing and
mailing the notice of meeting (including the Fund&#8217;s proxy materials). The
Secretary shall not be required to call a special meeting upon receipt of a
Special Meeting Request and such meeting shall not be held unless the Secretary
receives payment of such reasonably estimated cost prior to the mailing of any
notice of the meeting.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 4. &#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Place of Meetings</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. Any shareholder
meeting, including a special meeting, shall be held within or without the state
in which the Fund was formed at such place, date and time as the Directors
shall designate.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.6in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4860-9452-0833</font></p>


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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 5. &#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Notice of Meetings</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.
Written notice of all meetings of shareholders, stating the place, date and
time of the meeting, shall be given by the Secretary by mail to each
shareholder of record entitled to vote thereat at its registered address,
mailed at least ten (10) days and not more than sixty (60) days before the
meeting or otherwise in compliance with applicable binding law. Such notice
will also specify the means of remote communications, if any, by which
shareholders and proxyholders may be deemed to be present in person and vote at
such meeting.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:justify;text-indent:.6in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6. &#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Nature of Business at Annual Meetin</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">g</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">s
of Shareholders</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(a) &#160;&#160;&#160;&#160;&#160;&#160; Only such business (other than nominations for election
to the Board of Directors, which must comply with the provisions of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section
7</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">) may be transacted at an annual meeting of
shareholders as is either:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.1in;text-align:justify;text-indent:.3in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(i)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">specified in the
notice of meeting (or any supplement thereto) given by or at the direction of
the Board of Directors (or any duly authorized committee thereof),</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(ii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">otherwise properly
brought before the annual meeting by or at the direction of the Board of
Directors (or any duly authorized committee thereof), or</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(iii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">otherwise properly brought
before the annual meeting by any shareholder of record of the Fund:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(A)&#160;&#160;&#160;&#160;&#160;&#160; who is a shareholder of record on the date such
shareholder gives the notice provided for in this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article
I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> and on the record date for the determination of shareholders entitled to
notice of and to vote at such annual meeting; and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:2.0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(B)&#160;&#160;&#160;&#160;&#160;&#160; who complies with the notice procedures set forth in
this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:2.0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(b) &#160;&#160;&#160;&#160;&#160; In addition to any other applicable requirements, for
business to be properly brought before an annual meeting by a shareholder, such
shareholder of record must have given timely notice thereof in proper written
form to the Secretary of the Fund.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.1in;text-align:justify;text-indent:.3in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(c) &#160;&#160;&#160;&#160;&#160;&#160; To be timely, a record shareholder&#8217;s notice to the
Secretary must be delivered to or be mailed and received at the principal
executive offices of the Fund not less than one hundred and twenty (120) days
nor more than one hundred and fifty (150) days prior to the anniversary date of
the immediately preceding annual meeting of shareholders; provided, however,
that in the event that the annual meeting is called for a date that is not
within twenty-five (25) days before or after such anniversary date, notice by
the shareholder of record in order to be timely must be so received not later
than the close of business on the tenth (10th) day following the day on which
such notice of the date of the annual meeting was mailed or such public
disclosure of the date of the annual meeting was made, whichever first occurs.
In no event shall the adjournment or postponement of an annual meeting, or the
public announcement of such an adjournment or postponement, commence a new time
period (or extend any time period) for the giving of a record shareholder&#8217;s
notice as described above.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>


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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">7</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4860-9452-0833</font></p>


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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(d) &#160;&#160;&#160;&#160;&#160; To be in proper written form, a
record shareholder&#8217;s notice to the Secretary must set forth the following
information:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.1in;text-align:justify;text-indent:.3in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(i)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">as to each matter such
shareholder of record proposes to bring before the annual meeting, a brief
description of the business desired to be brought before the annual meeting and
the reasons for conducting such business at the annual meeting, and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(ii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">as to the record
shareholder giving notice and the beneficial owner, if any, on whose behalf the
proposal is being made,</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;margin-right:.1in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(A)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">the name and address
of such person and of any Shareholder Associated Person;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:2.0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(B)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(1) the class or
series and number of all Shares which are owned beneficially or of record by
such person and any Shareholder Associated Person,</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:2.0in;margin-right:.25in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.4in;margin-top:0in;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(2)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">the name of each
nominee holder of Shares owned beneficially but not of record by such person or
any Shareholder Associated Person, and the number of such Shares held by each
such nominee holder,</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:2.35in;margin-right:.4in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.4in;margin-top:0in;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(3)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">whether and the extent
to which any derivative instrument, swap, option, warrant, short interest,
hedge or profit interest or other transaction has been entered into by or on
behalf of such person, or any Shareholder Associated Person, with respect to
Shares, and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:2.35in;margin-right:.4in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.4in;margin-top:0in;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(4)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">whether and the extent
to which any other transaction, agreement, arrangement or understanding
(including any short position or any borrowing or lending of Shares) has been
made by or on behalf of such person, or any Shareholder Associated Person, the
effect or intent of any of the foregoing being to mitigate loss to, or to
manage risk or benefit of stock price changes for, such person, or any
Shareholder Associated Person, or to increase or decrease the voting power or
pecuniary or economic interest of such person, or any Shareholder Associated
Person, with respect to Shares; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.4in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:.4in;margin-top:0in;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(C)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">a description of all
agreements, arrangements, or understandings (whether written or oral) between
or among such person, or any Shareholder Associated Person, and any other
Person or Persons (including their names) in connection with the proposal of
such business and any material interest of such person or any Shareholder
Associated Person, in such business, including any anticipated benefit
therefrom to such person, or any Shareholder Associated Person;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:2.0in;margin-right:.15in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.15in;margin-top:0in;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(D)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">a representation that
the shareholder of record giving notice intends to appear in person or by proxy
at the annual meeting to bring such business before the meeting; and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:2.0in;margin-right:.15in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4860-9452-0833</font></p>


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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.15in;margin-top:0in;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(E)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">information relating
to such person or any Shareholder Associated Person that would be required to
be disclosed in a proxy statement or other filing required to be made in
connection with the solicitation of proxies by such person with respect to the
proposed business to be brought by such person before the annual meeting
pursuant to Section 14 of the Exchange Act.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:2.0in;margin-right:.15in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;vertical-align:baseline;">(e)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.15pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">A shareholder of
record providing notice of business proposed to be brought before an annual
meeting shall further update and supplement such notice, if necessary, so that
the information provided or required to be provided in such notice pursuant to
this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> shall be true and correct as of
the record date for determining the shareholders entitled to receive notice of
the annual meeting and such update and supplement shall be delivered to or be
mailed and received by the Secretary at the principal executive offices of the
Fund not later than five (5) business days after the record date for
determining the shareholders entitled to receive notice of the annual meeting.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;vertical-align:baseline;">(f)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.15pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">No business (other
than nominations for election to the Board of Directors, which must comply with
the provisions of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">) shall be conducted
at the annual meeting of shareholders except business brought before the annual
meeting in accordance with the procedures set forth in this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of
this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. If the chair of an annual meeting determines that
business was not properly brought before the annual meeting in accordance with
the foregoing procedures, the chair shall declare to the meeting that the
business was not properly brought before the meeting and such business shall
not be transacted.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;vertical-align:baseline;">(g)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.15pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Nothing contained in
this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> shall be deemed to affect any
rights of shareholders to request inclusion of proposals in the Fund&#8217;s proxy
statement pursuant to Rule 14a-8 under the Exchange Act (or any successor
provision of law).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.4in;margin-right:.3in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7. &#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Nomination of
Directors</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(a) &#160;&#160;&#160;&#160;&#160;&#160; Only persons who are nominated in accordance with the
following procedures shall be eligible for election as directors of the Fund.
Nominations of persons for election to the Board of Directors may be made only
at any annual meeting of shareholders, or at any special meeting in lieu of the
annual meeting of shareholders:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.1in;margin-right:.25in;margin-top:0in;text-align:justify;text-indent:.3in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;vertical-align:baseline;">(i)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">by or at the direction
of the Board of Directors (or any duly authorized committee thereof), or</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;vertical-align:baseline;">(ii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">by any shareholder of
record, or group of shareholders of record, of the Fund:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;vertical-align:baseline;">(A)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.15pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">who is a shareholder
or are shareholders of record on the date such shareholder(s) give the notice
provided for in this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> and on the
record date for the determination of shareholders entitled to notice of and to
vote at such annual meeting or special meeting in lieu of an annual meeting;
and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>


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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">9</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4860-9452-0833</font></p>


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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;vertical-align:baseline;">(B)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.15pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">who complies with the
notice procedures set forth in this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:2.0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(b) &#160;&#160;&#160;&#160;&#160; In addition to any other applicable requirements, for a
nomination to be made by a shareholder of record, or group of shareholders of
record, such shareholder must have given timely notice thereof in proper
written form to the Secretary of the Fund.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(c) &#160;&#160;&#160;&#160;&#160;&#160; To be timely, a record shareholder&#8217;s notice to the
Secretary must be delivered to or be mailed and received at the principal
executive offices of the Fund:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; in the case of an annual meeting, not less than one
hundred and twenty (120) days nor more than one hundred and fifty (150) days
prior to the anniversary date of the immediately preceding annual meeting of
shareholders; provided, however, that in the event that the annual meeting is
called for a date that is not within twenty-five (25) days before or after such
anniversary date, notice by the shareholder of record in order to be timely
must be so received not later than the close of business on the tenth (10th)
day following the day on which such notice of the date of the annual meeting
was mailed or such public disclosure of the date of the annual meeting was
made, whichever first occurs;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(ii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">in the case of a
special meeting of shareholders in lieu of an annual meeting, not later than
the close of business on the tenth (10th) day following the day on which notice
of the date of the special meeting was mailed or public disclosure of the date
of the special meeting was made, whichever first occurs; and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(iii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">in no event shall the
adjournment or postponement of an annual meeting or such a special meeting in
lieu of an annual meeting, or the public announcement of such an adjournment or
postponement, commence a new time period (or extend any time period) for the
giving of a shareholder&#8217;s notice as described above.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.75in;margin-right:.05in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(d) &#160;&#160;&#160;&#160;&#160; To be in proper written form, a record shareholder&#8217;s
notice to the Secretary must set forth the following information:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.15in;margin-right:.55in;margin-top:0in;text-align:justify;text-indent:.25in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(i) &#160;&#160;&#160;&#160;&#160;&#160; as to each person whom the shareholder of record
proposes to nominate for election as a director (a &#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Proposed Nominee</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221;)
and any Proposed Nominee Associated Person:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.4in;margin-right:.55in;margin-top:0in;text-align:justify;text-indent:.3in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(A)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">the name, age,
business address and residence address of such Proposed Nominee and of any Proposed
Nominee Associated Person;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(B)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">the principal
occupation or employment of such Proposed Nominee;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(C)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(1) the class or
series and number of all Shares which are owned beneficially or of record,
directly or indirectly, by such Proposed Nominee and any Proposed Nominee
Associated Person, and the name and address of the record holder(s) of such
Shares (if different than the beneficial owner(s)) as they appear on the
records of the Fund,</font></p>


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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:2.0in;margin-right:.1in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(2) &#160;&#160;&#160;&#160;&#160; the name of each nominee holder of Shares owned
beneficially but not of record by such Proposed Nominee or any Proposed Nominee
Associated Person, and the number of such Shares held by each such nominee
holder, whether and the extent to which any derivative instrument, swap,
option, warrant, short interest, hedge or profit interest or other transaction
has been entered into by or on behalf of such Proposed Nominee, or any Proposed
Nominee Associated Person, with respect to Shares,</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;vertical-align:baseline;">(3)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.15pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">whether and the extent
to which any other transaction, agreement, arrangement or understanding
(including any short position or any borrowing or lending of Shares) has been
made by or on behalf of such Proposed Nominee, or any Proposed Nominee
Associated Person, the effect or intent of any of the foregoing being to
mitigate loss to, or to manage risk or benefit of share price changes for, such
Proposed Nominee, or any Proposed Nominee Associated Person, or to increase or
decrease the voting power or pecuniary or economic interest of such Proposed
Nominee, or any Proposed Nominee Associated Person, with respect to the Shares,</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;vertical-align:baseline;">(4)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.15pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">a representation as to
whether such Proposed Nominee is an &#8220;interested person,&#8221; as defined under
Section 2(a)(19) of the 1940 Act and sufficient information about the Proposed
Nominee to permit counsel to the Fund to confirm such representation, including
information with respect to each relationship set forth in Section 2(a)(19) of
the 1940 Act which may cause such Proposed Nominee to be an interested person
of the Fund or a representation that no such relationship exists;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;vertical-align:baseline;">(5)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.15pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">information to
establish to the satisfaction of the Board of Directors that the Proposed
Nominee satisfies the director qualifications as set out in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of
</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article II</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">; and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:2.35in;margin-right:.55in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(D) &#160;&#160;&#160;&#160;&#160; any other information relating to such Proposed Nominee
or Proposed Nominee Associated Person that would be required to be disclosed in
a proxy statement or other filings required to be made in connection with
solicitations of proxies for election of directors in an election contest
pursuant to Section 14 of the Exchange Act (even if an election contest is not
involved); and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;margin-right:.1in;margin-top:0in;text-align:justify;text-indent:.25in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(ii) &#160;&#160;&#160;&#160;&#160; as to the shareholder of record giving the notice, and
the beneficial owner, if any, on whose behalf the nomination is being made,</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(A) &#160;&#160;&#160;&#160;&#160; the name and record address of such person and of any
Shareholder Associated Person;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(B) &#160;&#160;&#160;&#160;&#160; (1) the class or series and number of all Shares which
are owned beneficially or of record by such person and any Shareholder
Associated Person,</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;margin-right:.25in;margin-top:0in;text-align:justify;text-indent:.25in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(2)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">the name of each
nominee holder of Shares of the Fund owned beneficially but not of record by
such person or any Shareholder Associated Person, and the number of Shares held
by each such nominee holder,</font></p>


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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(3)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">whether and the extent
to which any derivative instrument, swap, option, warrant, short interest,
hedge or profit interest or other transaction has been entered into by or on
behalf of such person, or any Shareholder Associated Person, with respect to
stock of the Fund, and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:2.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(4)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">whether and the extent
to which any other transaction, agreement, arrangement or understanding (including
any short position or any borrowing or lending of Shares) has been made by or
on behalf of such person, or any Shareholder Associated Person, the effect or
intent of any of the foregoing being to mitigate loss to, or to manage risk or
benefit of stock price changes for, such person, or any Shareholder Associated
Person, or to increase or decrease the voting power or pecuniary or economic
interest of such person, or any Shareholder Associated Person, with respect to
Shares;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:2.15in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(C) &#160;&#160;&#160;&#160;&#160; a description of all agreements, arrangements, or
understandings (whether written or oral) between such person, or any
Shareholder Associated Person, and any proposed nominee or any other person or
persons (including their names) pursuant to which the nomination(s) are being
made by such person, and any material interest of such person, or any
Shareholder Associated Person, in such nomination, including any anticipated
benefit therefrom to such person, or any Shareholder Associated Person;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(D) &#160;&#160;&#160;&#160;&#160; a representation that the shareholder, or group of
shareholders, giving notice intends to appear in person or by proxy at the
annual meeting or special meeting in lieu of an annual meeting to nominate the
persons named in its notice; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(E)&#160;&#160;&#160;&#160;&#160;&#160; any other information relating to such person that would
be required to be disclosed in a proxy statement or other filings required to
be made in connection with the solicitation of proxies for election of
directors in an election contest pursuant to Section 14 of the Exchange Act
(even if an election contest is not involved).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;margin-right:.3in;margin-top:0in;text-align:justify;text-indent:.25in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(iii) &#160;&#160;&#160;&#160; Such notice must be accompanied by a written consent of
each Proposed Nominee to being named as a nominee and to serve as a director if
elected.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.4in;margin-right:.25in;margin-top:0in;text-align:justify;text-indent:.3in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(e) &#160;&#160;&#160;&#160;&#160;&#160; A shareholder of record, or group of shareholders of
record, providing notice of any nomination proposed to be made at an annual
meeting or special meeting in lieu of an annual meeting shall further update
and supplement such notice, if necessary, so that:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.15in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(i)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">the information
provided or required to be provided in such notice pursuant to this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section
7</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> shall be true and correct as of the record date
for determining the shareholders entitled to receive notice of the annual
meeting or special meeting in lieu of an annual meeting, and such update and
supplement shall be delivered to or be mailed and received by the Secretary at
the principal executive offices of the Fund not later than five (5) business
days after the record date for determining the shareholders entitled to receive
notice of such annual meeting or special meeting in lieu of an annual meeting;
and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(ii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">any subsequent
information reasonably requested by the Board of Directors to determine that
the Proposed Nominee has met the director qualifications as set out in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article II</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> is provided, and
such update and supplement shall be delivered to or be mailed and received by
the Secretary at the principal executive offices of the Fund not later than
five (5) business days after the request by the Board of Directors for
subsequent information regarding director qualifications has been delivered to
or mailed and received by such shareholder of record, or group of shareholders
of record, providing notice of any nomination.</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;margin-right:.05in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.2in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(f) &#160;&#160;&#160;&#160;&#160;&#160; No person shall be eligible for
election as a director of the Fund unless nominated in accordance with the
procedures set forth in this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. If the
chair of the meeting determines that a nomination was not made in accordance
with the foregoing procedures, the chair shall declare to the meeting that the
nomination was defective and such defective nomination shall be disregarded. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.2in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.2in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Notwithstanding any provision
of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> to the contrary, a nomination
of persons for election to the Board of Directors may be submitted for
inclusion in the Fund&#8217;s proxy materials to the extent required by rules adopted
by the SEC providing for such nominations and inclusion and interpretations
thereof (&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">proxy access rules</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221;), and, if such nomination is submitted
under the proxy access rules, such submission:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.1in;margin-right:.2in;margin-top:0in;text-align:justify;text-indent:.3in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(i)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">in order to be timely,
must be delivered to, or be mailed and received by, the Secretary at the
principal executive offices of the Fund no later than 120 calendar days before
the date that the Fund mailed (or otherwise disseminated) its proxy materials
for the prior year&#8217;s annual meeting (or such other date as may be set forth in
the proxy access rules for companies without advance notice bylaws);</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(ii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">in all other respects,
must be made pursuant to, and in accordance with, the terms of the proxy access
rules, as in effect at the time of the nomination, or any successor rules or
regulations of the SEC then in effect; and</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(iii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">must provide the Fund
with any other information required by this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article
I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">, by applicable binding law, the Charter or a resolution of the Directors
for nominations not made under the proxy access rules, except to the extent
that requiring such information to be furnished is prohibited by the proxy
access rules. The provisions of this paragraph of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this
</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> do not provide shareholders of the Fund with any rights, nor
impose upon the Fund any obligations, other than the rights and obligations set
forth in the proxy access rules.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;margin-right:.15in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 8. &#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Conduct of Meetings</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The Board of
Directors of the Fund may adopt by resolution such rules and regulations for
the conduct of any meeting of the shareholders as it shall deem appropriate.
Except to the extent inconsistent with such rules and regulations as adopted by
the Board of Directors, the chair of any meeting of the shareholders shall have
the right and authority to prescribe such rules, regulations and procedures and
to do all such acts as, in the judgment of such chair, are appropriate for the
proper conduct of the meeting. Such rules, regulations or procedures, whether
adopted by the Board of Directors or prescribed by the chair of the meeting,
may include, without limitation, the following: (a) the establishment of an
agenda or order of business for the meeting; (b) the determination of when the
polls shall open and close for any given matter to be voted on at the meeting;
(c) rules and procedures for maintaining order at </font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">the
meeting and the safety of those present; (d) limitations on attendance at and
participation in the meeting to shareholders, their duly authorized and
constituted proxies or such other persons as the chair of the meeting shall
determine; (e) restrictions on entry to the meeting after the time fixed for
the commencement thereof; (f) limitations on the time allotted to questions or
comments by shareholders; and (g) the extent to which, if any, other
participants are permitted to speak.</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 9. &#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Postponements; Adjournments</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The Board of
Directors may, prior to a meeting of shareholders being convened, postpone such
meeting from time to time to a date not more than 120 days after the original
record date. The chair of any meeting of the shareholders may adjourn the
meeting from time to time to reconvene at the same or some other place, and
notice need not be given of any such adjourned meeting if the time and place,
if any, thereof and the means of remote communications, if any, by which
shareholders and proxyholders may be deemed to be present in person and vote at
such adjourned meeting are announced at the meeting at which the adjournment is
taken. At the adjourned meeting, the Fund may transact any business which might
have been transacted at the original meeting. Any adjourned meeting may be held
as adjourned one or more times without further notice not later than one
hundred and twenty (120) days after the record date. If after the adjournment a
new record date is fixed for the adjourned meeting, notice of the adjourned
meeting in accordance with the requirements of </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 5</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article
I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> shall be given to each shareholder of record entitled to vote at the
meeting and each other shareholder entitled to notice of the meeting.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 10. &#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Record Date</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;vertical-align:baseline;">(a)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.15pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">For the purposes of
determining the shareholders who are entitled to vote at or otherwise entitled
to notice of any meeting, the Directors may, without closing the transfer
books, fix a date not more than sixty (60) nor less than ten (10) days prior to
the date of such meeting of shareholders as a record date for the determination
of the Persons to be treated as shareholders of record for such purposes. The
record date shall not precede the date upon which the resolution fixing the
record date is adopted by the Directors. If no record date is fixed by the
Directors and the stock transfer books are not closed, the record date for
determining shareholders entitled to notice of or to vote at a meeting of the
shareholders shall be the later of the close of business on the day immediately
preceding the day on which notice is given or the thirtieth (30 ) day before
the meeting. A determination of shareholders entitled to notice of or to vote
at a meeting of the shareholders of record shall apply to any adjournment of
the meeting.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;vertical-align:baseline;">(b)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.15pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">In order that the Fund
may determine the shareholders entitled to consent to corporate action in
writing without a meeting, the Board of Directors may fix a record date, which
record date shall not precede the date upon which the resolution fixing the
record date is adopted by the Board of Directors, and which record date shall
not be more than ten (10) days after the date upon which the resolution fixing
the record date is adopted by the Directors. If no record date has been fixed
by the Directors and no prior action by the Directors is required by applicable
binding law or the Charter to take such action, the record date for determining
shareholders entitled to consent to corporate action in writing without a
meeting shall be the first date on which a signed written consent setting forth
the action taken or proposed to be taken is delivered to the Fund by delivery
to its registered office in the state in which the Fund was formed, its
resident agent, its principal place of business, or an officer or agent of the
Fund having custody of the book in which </font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">proceedings
of meetings of the shareholders are recorded. Delivery made to the Fund&#8217;s
registered office shall be by hand or by certified or registered mail, return
receipt requested. If no record date has been fixed by the Directors and prior
action by the Directors is required by applicable binding law or the Charter,
the record date for determining shareholders entitled to consent to corporate
action in writing without a meeting shall be at the close of business on the
day on which the Directors adopts the resolution taking such prior action.</font></p>
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</DIV>


<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.4in;margin-right:.1in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 11. &#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Voting</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(a)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Shareholders shall
have no power to vote on any matter except matters on which a vote of
shareholders is required by applicable binding law, the Charter or resolution
of the Directors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(b)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Subject to any provision of
applicable binding law, the Charter, these Bylaws or a resolution of the
Directors specifying a greater or a lesser vote requirement for the transaction
of any item of business that properly comes before any meeting of shareholders
(i) with respect to the election of directors, other than a Contested Election,
the affirmative vote of a plurality of the Shares for which votes were cast at
any meeting at which a quorum is present shall be the act of the shareholders
with respect to such matter, (ii) with respect to a Contested Election, the
affirmative vote of a majority of the Shares outstanding and entitled to vote
with respect to such matter at such meeting shall be the act of the
shareholders with respect to such matter, (iii) for all other items of
business, the affirmative vote of a majority of the Shares represented in
person or by proxy at any meeting at which a quorum is present shall be the act
of the shareholders with respect to such matter(s), and (iv) where a separate
vote of one or more classes or series of Shares is required on any matter, the
affirmative vote of a plurality of Shares of such class or series of Shares
represented in person or by proxy at any meeting at which a quorum is present,
a majority of the Shares of such class or series of Shares outstanding and
entitled to vote, or a majority of the Shares of such class or series of Shares
represented in person or by proxy at any meeting at which a quorum is present,
as required by the preceding clauses of this paragraph, shall be the act of the
shareholders of such class or series with respect to such matter.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(c)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Only shareholders of
record shall be entitled to vote. Each full Share shall be entitled to one vote
and fractional Shares shall be entitled to a vote of such fraction. When any
Share 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, 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 be cast in accordance with applicable binding law.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(d)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">There shall be no
cumulative voting in the election or removal of Directors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.4in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 12. &#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Quorum</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The presence in person or by proxy
of the holders of Shares entitled to cast one-third of the votes entitled to be
cast shall constitute a quorum at any meeting of shareholders, except with
respect to any matter which requires approval by a separate vote of one or more
classes or series of Shares, in which case the presence in person or by proxy
of the holders of Shares entitled to cast one-third of the votes entitled to be
cast by each class or series entitled to vote as a separate class or series
shall constitute a quorum. A quorum, once established, </font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">shall
not be broken by the withdrawal of enough votes to leave less than a quorum.
If, however, such quorum shall not be present or represented at any meeting of
the shareholders, the chair of the meeting shall have power to adjourn the
meeting from time to time, in the manner provided in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 9</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article
I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">, until a quorum shall be present or represented.</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;page-break-after:avoid;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 13. &#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Proxies</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;page-break-after:avoid;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.05in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(a)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">At any meeting of shareholders,
any holder of Shares entitled to vote thereat may vote by properly executed
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 Fund as the Directors or Secretary may direct, for verification
prior to the time at which such vote shall be taken. Pursuant to a resolution
of a majority of the Directors, proxies may be solicited in the name of one or
more Directors or one or more of the officers or employees of the Fund. No
proxy shall be valid after the expiration of 11 months from the date thereof,
unless otherwise provided in the proxy. A proxy purporting to be executed by or
on behalf of a shareholder shall be deemed 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 is a minor or a person of unsound
mind, and subject to guardianship or to the legal control of any other person
as regards the charge or management of such Share, such person may vote by
their guardian or such other person appointed or having such control, and such
vote may be given in person or by proxy.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.05in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.35in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(b)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Without limiting the
manner in which a shareholder may authorize another person or persons to act
for such shareholder as proxy, the following shall constitute a valid means by
which a shareholder may grant such authority:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.45in;margin-right:.35in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(i)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">A shareholder may
execute a writing authorizing another person or persons to act for such
shareholder as proxy. Execution may be accomplished by the shareholder or such
shareholder&#8217;s authorized officer, director, employee or agent signing such
writing or causing such person&#8217;s signature to be affixed to such writing by any
reasonable means, including, but not limited to, by facsimile signature.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(ii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">A shareholder may
authorize another person or persons to act for such shareholder as proxy by
transmitting or authorizing the transmission of a telegram, cablegram or other
means of electronic transmission to the person who will be the holder of the
proxy or to a proxy solicitation firm, proxy support service organization or
like agent duly authorized by the person who will be the holder of the proxy to
receive such transmission, provided that any such telegram, cablegram or other
means of electronic transmission must either set forth or be submitted with
information from which it can be determined that the telegram, cablegram or
other electronic transmission was authorized by the shareholder. If it is
determined that such telegrams, cablegrams or other electronic transmissions
are valid, the inspectors or, if there are no inspectors, such other persons
making that determination shall specify the information on which they relied.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.7in;margin-right:.4in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;vertical-align:baseline;">(c)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.2pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Any copy, facsimile
telecommunication or other reliable reproduction of the writing or transmission
authorizing another person or persons to act as proxy for a shareholder may be
substituted or used in lieu of the original writing or transmission for any and
all purposes for which the original writing or transmission could be used;
provided, however, that such copy, </font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">facsimile
telecommunication or other reproduction shall be a complete reproduction of the
entire original writing or transmission.</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.45in;margin-right:.1in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 14. &#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Inspectors of Election</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. In advance of any
meeting of the shareholders, the Board of Directors, by resolution, may appoint
one or more inspectors to act at the meeting and make a written report thereof.
If inspectors of election are not so appointed, the person acting as chair of
any meeting of shareholders may, and on the request of any shareholder or
shareholder proxy shall, appoint inspectors of election of the meeting. One or
more other persons may be designated as alternate inspectors to replace any inspector
who fails to act. If no inspector or alternate is able to act at a meeting of
the shareholders, the chair of the meeting shall appoint one or more inspectors
to act at the meeting. Unless otherwise required by applicable binding law,
inspectors may be officers, employees or agents of the Fund. Each inspector,
before entering upon the discharge of the duties of inspector, shall take and
sign an oath faithfully to execute the duties of inspector with strict
impartiality and according to the best of such inspector&#8217;s ability. The
inspector shall have the duties prescribed by law or assigned by the chair of
the meeting and shall take charge of the polls and, when the vote is completed,
shall make a certificate of the result of the vote taken and of such other
facts as may be required by applicable binding law.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 15. &#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Shareholder Action by
Written Consent</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(a)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Any action required or
permitted to be taken at any annual or special meeting of shareholders of the
Fund may be taken without a meeting, without prior notice and without a vote,
if a consent or consents in writing, setting forth the action so taken, shall
be signed by all shareholders entitled to vote on the matter.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(b)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Any such consent shall
be delivered to the Fund by delivery to its registered office in the state in
which the Fund was formed, its resident agent, its principal place of business,
or an officer or agent of the Fund having custody of the book in which proceedings
of meetings of the shareholders are recorded. Delivery made to the Fund&#8217;s
registered office shall be by hand or by certified or registered mail, return
receipt requested. Every written consent shall bear the date of signature of
each shareholder who signs the consent and no written consent shall be
effective to take the corporate action referred to therein unless, within sixty
(60) days of the earliest dated consent delivered in the manner required by
this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 15</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> to the Fund, written consents signed in
accordance with </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 15(a)</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article I</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> by holders to
take action are delivered to the Fund by delivery to its registered office in
the state in which the Fund was formed, its resident agent, its principal place
of business, or an officer or agent of the Fund having custody of the book in
which proceedings of meetings of the shareholders are recorded. Any copy,
facsimile or other reliable reproduction of a consent in writing may be
substituted or used in lieu of the original writing for any and all purposes
for which the original writing could be used, provided that such copy,
facsimile or other reproduction shall be a complete reproduction of the entire
original writing.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.4in;margin-right:.1in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>


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<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ARTICLE II <br>
</font></b><b><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">DIRECTORS</font></u></b><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1. &#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Number and Qualification</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.
Prior to a public offering of Shares there may be a sole Director. Thereafter,
the number of Directors shall be determined by a written instrument signed by a
majority of the Directors then in office, provided that the number of Directors
shall be no less than the lower limit for Directors as stated in the Charter
and no more than fifteen (15) and the Directors shall satisfy the requirements
set forth below in this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article II</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. No
reduction in the number of Directors shall have the effect of removing any
Director from office prior to the expiration of the Director&#8217;s term. Directors
need not own Shares and may succeed themselves in office. Directors who have
such present or former associations with the Fund&#8217;s investment adviser as may
cause such person not to be an Independent Director are referred to as &#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Management
Directors</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221;. Each Director who is not a Management Director is referred to
as a &#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Non-Management Director</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.&#8221;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(a) &#160;&#160;&#160;&#160;&#160;&#160; After the offering of Shares, only persons satisfying
the following qualification requirements applicable to all Directors may be
nominated, elected, appointed, qualified or seated (&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">nominated or seated</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221;)
to serve as directors:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.1in;margin-right:.25in;margin-top:0in;text-align:justify;text-indent:.35in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(i)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">An individual
nominated or seated as a Director shall be at least twenty-one (21) years of
age and not older than the younger of (A) the mandatory retirement age
determined from time to time by the Directors or a committee of the Directors
and (B) eighty (80) years of age, in each case at the time the individual is
nominated or seated, and not under legal disability;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(ii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">An individual
nominated or seated as a Director shall, at the time the individual is
nominated or seated, serve as a Director of no more than 5 companies having
securities registered under the Exchange Act (investment companies having the
same investment adviser or investment advisers affiliated through a control
relationship shall all be counted as a single company for this purpose);</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(iii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Except as set forth in
</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article II</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">, an individual nominated or seated
as a Director shall not be an employee, officer, partner, member, director or
5% or greater shareholder in any investment adviser (other than the Fund&#8217;s
investment adviser or any investment adviser affiliated with the Fund&#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;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">investment
compan</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">y&#8221;) or entity controlling or controlled by any investment adviser
(other than the Fund&#8217;s investment adviser or any investment adviser affiliated
with the Fund&#8217;s investment adviser) or investment company unless a majority of
the Board of Directors shall have determined by resolution that such
relationship will not present undue conflicts or impede either the ability of
the individual to discharge the duties of a Director or the free flow of
information between the Fund&#8217;s investment adviser and the Board of Directors;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(iv)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">An individual
nominated or seated as a Director 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 </font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">or have pled guilty or </font><i><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">nolo
contendere </font></i><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">with respect to a felony under the laws of the United States or
any state thereof;</font></p>
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<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(v)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">An individual
nominated or seated as a Director 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 (collectively, &#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Prohibited Conduct</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221;), nor
shall an individual nominated or seated as a Director be the subject of any
investigation or proceeding that could reasonably be expected to result in an
individual nominated or seated as a Director failing to satisfy the
requirements of this paragraph, nor shall any individual nominated or seated as
a Director be or have engaged in any conduct which 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;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(vi)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">An individual
nominated or seated as a Director 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, 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; and</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(vii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">An individual
nominated or seated as a Director shall not be and shall not have been the
subject of any of the ineligibility provisions contained in Section 9(a) of the
1940 Act that would result in, or could have reasonably been expected or would
reasonably be expected to result in such individual or a company of which such
individual is an affiliated person (as defined in Section 2(a)(3) of the 1940
Act) being ineligible to serve or act in the capacity of employee, officer,
director, member of an advisory board, investment adviser, or depositor of any
registered investment company, or principal underwriter for any registered
investment company, registered unit investment trust, or registered face-amount
certificate company.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.45in;margin-right:.1in;margin-top:0in;text-align:justify;text-indent:.2in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(b) &#160;&#160;&#160;&#160;&#160; After the offering of Shares, only persons satisfying
the following additional qualification requirements applicable to all
Non-Management Directors shall be nominated or seated as Non-Management
Directors:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.15in;margin-right:.55in;margin-top:0in;text-align:justify;text-indent:.3in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:4.5pt;margin-top:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(i)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">An individual
nominated or seated as a Non-Management Director may not be an &#8220;interested
person&#8221; of the Fund as defined under Section 2(a)(19) of the 1940 Act;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; An individual nominated or
seated as a Non-Management Director may not directly or indirectly own, control
or hold with the power to vote, or be a member of a group of shareholders party
to an agreement, arrangement or practice for sharing information or </font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">decisions concerning shareholder actions or the
acquisition, disposition or voting of Shares, who together directly or indirectly
own, control or hold with the power to vote, 5% or more of the outstanding
shares of any class of Shares of the Fund (each such person and each member of
such a group, a &#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">5% Holder</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221;), may not control or act in concert with a
5% Holder, and may not be an immediate family member of a 5% Holder or of a
person who controls or acts in concert with a 5% Holder;</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(iii)&#160;&#160;&#160;&#160;&#160;&#160; An individual nominated or
seated as a Non-Management Director may not, and any immediate family member of
such nominee may not, be employed or have been employed within the last year by
any 5% Holder or any person who controls, is controlled by, is under common
control with or acts in concert with a 5% Holder;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(iv)&#160;&#160;&#160;&#160;&#160;&#160; An individual nominated or
seated as a Non-Management Director may not, and any immediate family member of
such nominee may not, have accepted directly or indirectly, during the year of
the election for which such individual is nominated or seated or during the
immediately preceding calendar year, any consulting, advisory, or other
compensatory fee from any 5% Holder or from any person who controls, is
controlled by, is under common control with or acts in concert with any 5%
Holder;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160; An individual nominated or seated as a Non-Management
Director may not, and any immediate family member of such nominee may not, be
an officer, director, general partner or managing member (or person performing
similar functions) of any 5% Holder or of any person who controls, is
controlled by, is under common control with or acting in concert with a 5%
Holder;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(vi)&#160;&#160;&#160;&#160;&#160;&#160; An individual nominated or seated as a Non-Management
Director may not, and any immediate family member of such nominee may not, be
employed or employed within the last year by any investment company or any
company or companies controlled by an investment company which in the aggregate
own (A) more than three percent (3%) of the outstanding voting Shares of the
Fund, (B) securities issued by the Fund having an aggregate value in excess of
five percent (5%) of the total assets of such investment company and any
company or companies controlled by such investment company, (C) securities
issued by the Fund and by all other investment companies having an aggregate
value in excess of ten percent (10%) of the total assets of the investment company
making such investment and any company or companies controlled by the
investment company making such investment, or (D) together with other
investment companies having the same investment adviser and companies
controlled by such investment companies, more than ten percent (10%) of the
total outstanding Shares of the Fund (an investment company making such
investment(s) and any company or companies controlled by it in the aggregate
owning securities in excess of the amounts set forth in (A), (B), (C) or (D)
being referred to as a &#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">12(d) Holder</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221;), or by any person who controls,
is controlled by, under common control with or acts in concert with a 12(d)
Holder;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(vii) &#160;&#160;&#160; An individual nominated or
seated as a Non-Management Director may not, and any immediate family member of
such nominee may not, have accepted directly or indirectly, during the year of
the election for which such individual is nominated or seated, or during the
immediately preceding calendar year, any consulting, advisory, or other compensatory
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">fee from any 12(d) Holder or from any person who
controls, is controlled by, is under common control with or acts in concert
with any 12(d) Holder; </font></p>
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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">20</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"></font></font></p>

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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:4.5pt;margin-top:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(viii)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">An individual
nominated or seated as a Non-Management Director may not, and any immediate
family member of such nominee may not, be an officer, director, partner or
member (or person performing similar functions) of any 12(d) Holder or of any
person who controls, is controlled by, is under common control with or acting
in concert with a 12(d) Holder; and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(ix)&#160;&#160;&#160;&#160;&#160;&#160; An individual nominated or seated as a Non-Management
Director may not, and any immediate family member of such nominee may not,
control or act in concert with any 12(d) Holder or any person who controls, is
controlled by, is under common control with or acting in concert with a 12(d)
Holder.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;margin-right:.2in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 2. &#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Classes and Term of Office</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The Directors
shall be divided into three classes, designated Class I, Class II and Class
III. All classes shall be as nearly equal in number as possible. The Directors
as initially classified shall hold office for terms as follows: the Class I
Directors shall hold office until the date of the annual meeting of
shareholders in 1995 or until their successors shall be elected and qualified,
the Class II Directors shall hold office until the date of the annual meeting
of shareholders in 1996 or until their successors shall be elected and
qualified, and the Class III Directors shall hold office until the date of the
annual meeting of shareholders in 1997 or until their successors shall be
elected and qualified. Upon expiration of the term of office of each class as
set forth above, the Directors in each such class shall be elected for a term
of three years to succeed the Directors whose terms of office expire. The Directors
shall be elected at an annual meeting of the shareholders or special meeting in
lieu of an annual meeting. Each Director elected shall hold office until the
expiration of his or her term and until his or her successor shall have been
elected and shall have qualified. The term of office of a Director shall
terminate and a vacancy shall occur in the event of the death, resignation,
removal, bankruptcy, adjudicated incompetence or other incapacity to perform
the duties of the office of the Director.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;  </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Resignation and Removal</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. Any of the
Directors may resign (without need for prior or subsequent accounting) by an
instrument in writing signed by such Director and delivered or mailed to the
Directors, the Chair, if any, the President, or the Secretary and such
resignation shall be effective upon such delivery, or at a later date according
to the terms of the instrument. Any of the Directors may be removed, provided
the aggregate number of Directors after such removal shall not be less than the
minimum number set forth in the Charter, only by the proportion of votes of the
shareholders or Directors, as applicable, that are set forth in the Charter as
the required proportion of votes for the removal of a Director, and with or
without cause as may be permitted by the Charter or as required by applicable
binding law. Upon the resignation or removal of a Director, each such resigning
or removed Director shall execute and deliver to the Fund such documents as may
be required by applicable binding law or the Charter or as may be requested by
the remaining Directors as being in the best interests of the Fund and the
shareholders. Upon the incapacity or death of any Director, such Director&#8217;s
legal representative shall execute and deliver to the Fund on such Director&#8217;s
behalf such documents as the remaining Directors shall require as provided in
the preceding sentence.</font></p>


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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 4. &#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Vacancies</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The
Fund elects to be subject to the provisions of Section 3-804(c) of the Maryland
General Corporation Law (the &#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">MGCL</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221;), subject to applicable requirements
of the 1940 Act and the right of the shareholders of a class or series to elect
additional Directors in accordance with the Charter. Each vacancy on the Board
of Directors that results from (a) an increase in the size of the Board of
Directors or (b) the death, resignation, or removal of a Director may be filled
by an individual having the qualifications described in this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article II</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">
made only by the affirmative vote of a majority of the remaining Directors in
office, even if the remaining Directors do not constitute a quorum. Any
Director elected to fill a vacancy shall serve until the next annual meeting of
Shareholders and until a successor is elected and qualifies. Whenever a vacancy
in the number of Directors shall occur, until such vacancy is filled as
provided herein, the Directors in office, regardless of their number, shall
have all the powers granted to the Directors and shall discharge all the duties
imposed upon the Directors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 5. &#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Meetings</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;vertical-align:baseline;">(a)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.15pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Meetings of the
Directors shall be held from time to time upon the call of the Chair, if any,
the Vice Chair, if any, the President or a majority of the Directors. Regular
meetings of the Directors may be held without call or notice at a time and
place fixed by the Bylaws or by resolution of the Directors. Notice of any
other meeting shall be given by the Secretary and shall be delivered to the
Directors orally or by email not less than 24 hours, or otherwise in writing
not less than 72 hours, before the meeting, but may be waived in writing by any
Director either before or after such meeting. Directors shall provide the
Secretary with an email address to which the Secretary may send communications
relating to the Fund. The attendance of a Director at a meeting shall
constitute a waiver of notice of such meeting, except where a Director attends
a meeting for the express purpose of objecting to the transaction of any
business on the ground that the meeting has not been properly called or
convened. Neither the business to be transacted at, nor the purpose of, any
meeting of the Board of Directors need be stated in the notice or waiver of
notice of such meeting, and no notice need be given of action proposed to be
taken by written consent. Whenever written notice is required by binding law,
the Charter or these Bylaws to be given to any Director, such notice may be
given by mail, addressed to such Director at such person&#8217;s address as it
appears on the records of the Fund, with postage thereon prepaid, and such
notice shall be deemed to be given at the time when the same shall be deposited
with a nationally recognized overnight delivery service, or by facsimile or
email to a location provided by the Director to the Fund.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;vertical-align:baseline;">(b)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.15pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">The Secretary of the
Fund shall act as secretary at each meeting of the Board of Directors and of
each committee thereof. In case the Secretary shall be absent from any meeting
of the Board of Directors or of any committee thereof, an Assistant Secretary
or a person appointed by the chair of the meeting shall act as secretary of the
meeting. Notwithstanding the foregoing, the members of each committee of the
Board of Directors may appoint any person to act as secretary of any meeting of
such committee and the Secretary of the Fund may, but need not if such
committee so elects, serve in such capacity.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;vertical-align:baseline;">(c)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.15pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Unless otherwise
provided by applicable binding law, all or any one or more Directors may
participate in a meeting of the Directors or any committee thereof by means of
a conference telephone or similar communications equipment by means of which
all persons </font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">participating in the meeting can hear each
other; participation in a meeting pursuant to any such communications system
shall constitute presence in person at such meeting.</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6. &#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Quorum</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. Any time
there is more than one Director, a quorum for all meetings of the Board of
Directors shall be a majority of the Directors. If a quorum shall not be
present at any meeting of the Board of Directors or any committee thereof, the
Directors present thereat may adjourn the meeting from time to time, without
notice other than announcement at the meeting of the time and place of the
adjourned meeting, until a quorum shall be present. With respect to actions of
the Directors and any committee of the Directors, Directors who are not
Independent Directors in any action to be taken may be counted for quorum
purposes under this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article II</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> and shall be entitled to
vote to the extent not prohibited by the 1940 Act.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7. &#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Required Vote</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.
Unless otherwise required or permitted in the Charter or by applicable binding
law (including the 1940 Act), any action of the Board of Directors may be taken
at a meeting at which a quorum is present by vote of a majority of the
Directors present.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 8. &#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Committees</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.05in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;vertical-align:baseline;">(a)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.1pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">The Board of Directors
may designate one or more committees of its members. Each member of a committee
must meet the requirements for membership, if any, imposed by applicable
binding law and the rules and regulations of any securities exchange or
quotation system on which the securities of the Fund are listed or quoted for
trading. The Board of Directors may designate one or more Directors as
alternate members of any committee, who may replace any absent or disqualified
member at any meeting of any such committee. Subject to the rules and
regulations of any securities exchange or quotation system on which the
securities of the Fund are listed or quoted for trading, in the absence or
disqualification of a member of a committee, and in the absence of a
designation by the Board of Directors of an alternate member to replace the
absent or disqualified member, the member or members thereof present at any
meeting and not disqualified from voting, whether or not such member or members
constitute a quorum, may unanimously appoint another qualified member of the
Board of Directors to act at the meeting in the place of any absent or
disqualified member. Any Director serving on a committee of the Board of
Directors may be removed from such committee at any time by the Board of
Directors or by any committee to which such authority is delegated.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.05in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.1in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;vertical-align:baseline;">(b)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.1pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Any committee, to the
extent permitted by law and provided in the resolution or charter establishing
such committee, shall have and may exercise all the powers and authority of the
Board of Directors in the management of the business and affairs of the Fund,
and may authorize the seal of the Fund, if any, to be affixed to all papers
which may require it.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.2in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;vertical-align:baseline;">(c)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.1pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Any committee of the
Directors, including an executive committee, if any, may act with or without a
meeting. Any time there is more than one Director on a committee, unless
otherwise required by the committee&#8217;s charter, a quorum for all meetings of any
committee shall be a majority of the members thereof. Unless otherwise required
by applicable binding law (including the 1940 Act) or provided in the Charter,
these Bylaws or the committee&#8217;s charter, any action of any such committee may
be taken at a meeting at which a quorum is present by vote of a majority of the
members present. Each committee shall keep </font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">regular
minutes and report to the Board of Directors when required. (d) Notwithstanding
anything to the contrary contained in this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article II</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 8</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">,
the resolution of the Board of Directors establishing any committee of the
Board of Directors or the charter of any such committee may establish
requirements or procedures relating to the governance or operation of such
committee that are different from, or in addition to, those set forth in these
Bylaws and, to the extent that there is any inconsistency between these Bylaws
and any such resolution or charter, the terms of such resolution or charter
shall be controlling.</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.4in;margin-right:.2in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 9. &#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Director Action by Written Consent</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.
Subject to the provisions of the 1940 Act, any action which may be taken by
Directors by vote may be taken without a meeting if all the members of the
Board of Directors or of the respective committee, as the case may be, required
for approval of such action at a meeting of the Directors or such committee
consent to the action in writing or electronic transmission and the written
consents or electronic transmission are filed with the records of the meetings
of Directors. Such consent shall be treated for all purposes as a vote taken at
a meeting of Directors or the committee.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 10. &#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Chair; Records</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The Chair, if any, shall
act as chair at all meetings of the Directors. In absence of the Chair, the
Vice Chair, if any, shall act as chair at the meeting. In the absence of the
Chair and the Vice Chair, the Directors present shall elect one of their number
to act as temporary chair. The results of all actions taken at a meeting of the
Directors, or by written consent of the Directors, shall be recorded by the
Secretary or, in the absence of the Secretary, an Assistant Secretary or such
other person appointed by the Board of Directors as the meeting secretary.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 11. &#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Dele</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">g</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ation</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. Unless otherwise
provided in the Charter or these Bylaws and except as provided by applicable
binding law, the Directors shall have the power to delegate from time to time
to such of their number or to one or more officers, employees or agents of the
Fund the doing of such things, including any matters set forth in the Charter
or these Bylaws, and the execution of such instruments in the name of the Fund.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 12. &#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Compensation</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The directors may be paid
their expenses, if any, of attendance at each meeting of the Board of Directors
and may be paid a fixed sum for attendance at each meeting of the Board of
Directors or a stated salary for service as director, payable in cash or
securities. Members of special or standing committees may be allowed like
compensation for service as committee members.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 13. &#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Governance</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The Board of Directors may
from time to time require all its members (including any individual nominated
to serve as a Director) to agree in writing as to matters of corporate
governance, business ethics and confidentiality while such persons serve as a
Director, such agreement to be on the terms and in a form determined
satisfactory by the Board of Directors, as amended and supplemented from time
to time in the discretion of the Board of Directors.</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;page-break-after:avoid;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ARTICLE III <br>
</font></b><b><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">OFFICERS</font></u></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;page-break-after:avoid;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Officers of the Fund</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.
The Directors shall elect a President, a Secretary and a Treasurer and may
elect a Chair and a Vice Chair. Any Chair or Vice Chair shall, and the
President, Secretary and Treasurer may, but need not, be a Director. No other
officer of the Fund need be a Director. Any two or more of the offices may be
held by the same Person, except that (a) the same person may not be both
President and Vice President and (b) after the Fund&#8217;s initial public offering
the same person may not be both President and Secretary.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 2.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Election and Tenure</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The Chair, if any,
and Vice Chair, if any, President, Secretary, Treasurer and such other officers
as the Directors from time to time may elect shall serve at the pleasure of the
Directors or until their successors have been duly elected and qualified. The
Directors may fill a vacancy in office or add any additional officers at any
time.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Removal and Resi</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">g</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">nation of Officers</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.
Any officer may be removed at any time, with or without cause, by action of a
majority of the Directors. This provision shall not prevent the making of a
contract of employment for a definite term with any officer and shall have no
effect upon any cause of action which any officer may have as a result of
removal in breach of a contract of employment. Any officer may resign at any
time by notice in writing signed by such officer and delivered or mailed to the
Chair, if any, President, or Secretary, and such resignation shall take effect
immediately upon receipt by the Chair, if any, President, or Secretary, or at a
later date according to the terms of such notice in writing.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 4.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Chair of the Board of Directors</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The
Chair of the Board of Directors, if there be one, shall preside at all meetings
of the shareholders and of the Board of Directors. The Chair of the Board of
Directors shall also perform such other duties and may exercise such other
powers as may from time to time be assigned by these Bylaws or by the Board of
Directors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 5.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Vice Chair of the Board of Directors</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The
Vice Chair shall perform the duties of the Chair when the Chair is not able to
fulfill those duties for any reason.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">President</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The President shall, subject
to the control of the Directors, have general supervision, direction and
control of the business of the Fund and of its employees and shall exercise
such general powers of management as are usually vested in the office of
President of a Fund. The President shall have such further authorities and
duties as the Directors shall from time to time determine. In the absence or
disability of the President, the Directors shall delegate authority to another
officer of the Fund to perform all of the duties of the President, and when so
acting shall have all the powers of and be subject to all of the restrictions
upon the President.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Secretar</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">y. The Secretary shall maintain
the minutes of all meetings of, and record all votes of, shareholders,
Directors and committees of Directors, if any. The Secretary shall be custodian
of the seal of the Fund, if any, and the Secretary (and any other person so
authorized by the Directors) may affix the seal, or if permitted, facsimile
thereof, to any instrument executed by the Fund which would be sealed by a
business corporation in the state in which the Fund was formed executing the
same or a similar instrument and shall attest the seal and the signature or </font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">signatures of the officer or officers executing such
instrument on behalf of the Fund. The Secretary shall also perform any other
duties commonly incident to such office in a business corporation in the state
in which the Fund was formed and shall have such other authorities and duties
as the Directors shall from time to time determine, including but not limited
to calling special meetings of shareholders and providing written notice of all
meetings of shareholders.</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 8.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Treasurer and/or Chief Financial Officer</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.
The Directors can nominate a Treasurer and/or Chief Financial Officer, and,
except as otherwise directed by the Directors, such officer(s) shall have the
general supervision of the monies, funds, securities, notes receivable and
other valuable papers and documents of the Fund, and shall have and exercise
under the supervision of the Directors and of the President all powers and
duties normally incident to the office. Such officer(s) may endorse for deposit
or collection all notes, checks and other instruments payable to the Fund or to
its order. Such officer(s) shall deposit all funds of the Fund in such
depositories as the Directors shall designate. Such officer(s) shall be
responsible for such disbursement of the funds of the Fund as may be ordered by
the Directors or the President. Such officer(s) shall keep accurate account of
the books of the Fund&#8217;s transactions which shall be the property of the Fund,
and which together with all other property of the Fund in such officer(s)&#8217;s
possession, shall be subject at all times to the inspection and control of the
Directors. Unless the Directors shall otherwise determine, such officer(s)
shall be the principal accounting officer(s) of the Fund and shall also be the
principal financial officer(s) of the Fund. Such officer(s) shall have such
other duties and authorities as the Directors shall from time to time
determine. Notwithstanding anything to the contrary herein contained, the
Directors may authorize any adviser, administrator, manager or transfer agent
to maintain bank accounts and deposit and disburse funds of any series of the
Fund on behalf of such series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 9.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Other Officers and Duties</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The Directors
may elect or appoint, or may authorize the President to appoint, such other
officers or agents with such powers as the Directors may deem to be advisable.
Assistant officers shall act generally in the absence of the officer whom they
assist and shall assist that officer in the duties of the office. Each officer,
employee and agent of the Fund shall have such other duties and authority as
may be conferred upon such person by the Directors or delegated to such person
by the President. If the Directors elect or appoint, or authorize the President
to appoint, a chief executive officer of the Fund, such chief executive
officer, subject to direction of the Directors, shall have power in the name
and on behalf of the Fund to execute any and all loans, documents, contracts,
agreements, deeds, mortgages, registration statements, applications, requests,
filings and other instruments in writing, and to employ and discharge employees
and agents of the Fund. Unless otherwise directed by the Directors, the chief
executive officer shall have full authority and power, on behalf of all of the
Directors, to attend and to act and to vote, on behalf of the Fund at any
meetings of business organizations in which the Fund holds an interest, or to
confer such powers upon any other persons, by executing any proxies duly
authorizing such persons. The chief executive officer shall have such further
authorities and duties as the Directors shall from time to time determine. In
the absence or disability of the chief executive officer, the Directors shall
delegate authority to another officer of the Fund to perform all of the duties
of the chief executive officer, and when so acting shall have all the powers of
and be subject to all of the restrictions upon the chief executive officer.</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;page-break-after:avoid;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ARTICLE IV</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">LIMITATIONS
OF LIABILITY AND INDEMNIFICATION</font></u></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;vertical-align:baseline;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">No Personal Liability
of Directors or Officers</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. No Director, advisory board member or officer of
the Fund shall be subject in such capacity to any personal liability whatsoever
to any Person, save only liability to the Fund or its shareholders arising from
bad faith, willful misfeasance, gross negligence or reckless disregard for his
or her duty to such Person; and, subject to the foregoing exception, all such
Persons shall look solely to the assets of the Fund for satisfaction of claims
of any nature arising in connection with the affairs of the Fund. If any
Director, advisory board member or officer, as such, of the Fund, is made a
party to any suit or proceeding to enforce any such liability, subject to the
foregoing exception, such person shall not, on account thereof, be held to any
personal liability. Any repeal or modification of the Charter or this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article
IV</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> shall not adversely affect any right or protection of a
Director, advisory board member or officer of the Fund existing at the time of
such repeal or modification with respect to acts or omissions occurring prior
to such repeal or modification.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 2.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Mandatory
Indemnification</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.05in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(a)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">The Fund hereby agrees
to indemnify each person who is or was a Director, advisory board member or
officer of the Fund (each such person being an &#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Indemnitee</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221;) to the full
extent permitted under the Charter. In addition, the Fund may provide greater
but not lesser rights to indemnification pursuant to a contract approved by at
least a majority of Directors between the Fund and any Indemnitee. Notwithstanding
the foregoing, no Indemnitee shall be indemnified hereunder against any
liability to any person or any expense of such Indemnitee arising by reason of
(i) willful misfeasance, (ii) bad faith, (iii) gross negligence, or (iv)
reckless disregard of the duties involved in the conduct of the Indemnitee&#8217;s
position (the conduct referred to in such clauses (i) through (iv) being
sometimes referred to herein as &#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Disabling Conduct</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221;). Furthermore, with
respect to any action, suit or other proceeding voluntarily prosecuted by any
Indemnitee as plaintiff, indemnification shall be mandatory only if the
prosecution of such action, suit or other proceeding by such Indemnitee (A) was
authorized by a majority of the Directors or (B) was instituted by the
Indemnitee to enforce his or her rights to indemnification hereunder in a case
in which the Indemnitee is found to be entitled to such indemnification.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.4in;margin-right:.05in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.05in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(b)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Notwithstanding the
foregoing, unless otherwise provided in any agreement relating to
indemnification between an Indemnitee and the Fund, no indemnification shall be
made hereunder unless there has been a determination (i) by a final decision on
the merits by a court or other body of competent jurisdiction before whom the
issue of entitlement to indemnification hereunder was brought that such
Indemnitee is entitled to indemnification hereunder or, (ii) in the absence of
such a decision, by (A) a majority vote of a quorum of those Directors who are
both Independent Directors and not parties to the proceeding (&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Independent
Non-Party Directors</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&#8221;), that the Indemnitee is entitled to indemnification
hereunder, or (B) if such quorum is not obtainable or even if obtainable, if
such majority so directs, a Special Counsel in a written opinion concludes that
the Indemnitee should be entitled to indemnification hereunder.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.4in;margin-right:.1in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.05in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(c)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Subject to any
limitations provided by the 1940 Act and the Charter, the Fund shall have the
power and authority to indemnify and provide for the advance payment of </font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">expenses to employees, agents and other Persons providing
services to the Fund or serving in any capacity at the request of the Fund to
the full extent permitted for corporations organized under the corporations
laws of the state in which the Fund was formed, provided that such
indemnification has been approved by a majority of the Directors.</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.4in;margin-right:.45in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.05in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">(d)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Any repeal or
modification of the Charter or </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 2</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article IV</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> shall
not adversely affect any right or protection of a Director, advisory board
member or officer of the Fund existing at the time of such repeal or
modification with respect to acts or omissions occurring prior to such repeal
or modification.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.4in;margin-right:.05in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Good Faith Defined;
Reliance on Experts</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. For purposes of any determination under this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article
IV</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">, a person shall be deemed to have acted in good faith and in a manner
such person reasonably believed to be in the best interests of the Fund, or,
with respect to any criminal action or proceeding, to have had no reasonable
cause to believe such person&#8217;s conduct was unlawful, if such person&#8217;s action is
based on the records or books of account of the Fund, or on information
supplied to such person by the officers of the Fund in the course of their
duties, or on the advice of legal counsel for the Fund or on information or
records given or reports made to the Fund by an independent certified public
accountant or by an appraiser or other expert or agent selected with reasonable
care by the Fund. The provisions of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article IV</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">
shall not be deemed to be exclusive or to limit in any way the circumstances in
which a person may be deemed to have met the applicable standard of conduct set
forth in this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article IV</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. Each Director and officer or employee of the
Fund shall, in the performance of his or her duties, be fully and completely
justified and protected with regard to any act or any failure to act resulting
from reliance in good faith upon the books of account or other records of the
Fund, upon an opinion of counsel selected by the Board of Directors or a
committee of the Directors, or upon reports made to the Fund by any of the
Fund&#8217;s officers or employees or by any advisor, administrator, manager,
distributor, dealer, accountant, appraiser or other expert or consultant
selected with reasonable care by the Board of Directors or a committee of the
Directors, officers or employees of the Fund, regardless of whether such
counsel or expert may also be a Director.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 4.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Survival of
Indemnification and Advancement of Expenses</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The indemnification and
advancement of expenses provided by, or granted pursuant to, this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article IV</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">
shall, unless otherwise provided when authorized or ratified, continue as to a
person who has ceased to be a director or officer and shall inure to the
benefit of the heirs, executors and administrators of such a person.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 5.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Insurance</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The
Directors may maintain insurance for the protection of the Fund&#8217;s property, the
shareholders, Directors, officers, employees and agents in such amount as the
Directors shall deem adequate to cover possible tort liability, and such other
insurance as the Directors in their sole judgment shall deem advisable or is
required by the 1940 Act.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Subro</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">g</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ation</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.
In the event of payment by the Fund to an Indemnitee under the Charter or these
Bylaws, the Fund shall be subrogated to the extent of such payment to all of
the rights of recovery of the Indemnitee, who shall execute such documents and
do such acts as the Fund may reasonably request to secure such rights and to
enable the Fund effectively to bring suit to enforce such rights.</font></p>


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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ARTICLE V <br>
</font></b><b><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">STOCK</font></u></b><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Shares of Stock</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.
Except as otherwise provided in a resolution approved by the Board of
Directors, all Shares of the Fund shall be uncertificated Shares.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 2.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Transfer Agents,
Registrars and the Like</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The Directors shall have authority to employ and
compensate such transfer agents and registrars with respect to the Shares of
the Fund as the Directors shall deem necessary or desirable. The transfer agent
or transfer agents may keep the applicable register and record therein the
original issues and transfers, if any, of the Shares. Any such transfer agents
and/or registrars shall perform the duties usually performed by transfer agents
and registrars of certificates of stock in a corporation, as modified by the
Directors. In addition, the Directors shall have power to employ and compensate
such dividend disbursing agents, warrant agents and agents for the reinvestment
of dividends as they shall deem necessary or desirable. Any of such agents
shall have such power and authority as is delegated to any of them by the
Directors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Transfer of Shares</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.
Shares of the Fund shall be transferable in the manner prescribed by the
Charter, these Bylaws and applicable binding law. Transfers of Shares shall be
made on the books of the Fund, and in the case of certificated Shares, only by
the person named in the certificate or by such person&#8217;s attorney lawfully
constituted in writing and upon the surrender of the certificate therefor,
properly endorsed for transfer and payment of all necessary transfer taxes; or,
in the case of uncertificated Shares, upon receipt of proper transfer
instructions from the registered holder of the Shares or by such person&#8217;s
attorney lawfully constituted in writing, and upon payment of all necessary
transfer taxes and compliance with appropriate procedures for transferring
Shares in uncertificated form; provided, however, that such surrender and
endorsement, compliance or payment of taxes shall not be required in any case
in which the officers of the Fund shall determine to waive such requirement. If
any certificated Shares are issued as provided in </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> of this </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Article
V</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">, they may be transferred only by the person named in the certificate or
by such person&#8217;s attorney lawfully constituted in writing and upon the
surrender of the certificate therefor, properly endorsed for transfer and
payment of all necessary transfer taxes. With respect to certificated Shares,
every certificate exchanged, returned or surrendered to the Fund shall be marked
&#8220;</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Cancelled</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">,&#8221; with the date of cancellation, by the Secretary of the Fund
or the transfer agent thereof. No transfer of Shares shall be valid as against
the Fund for any purpose until it shall have been entered in the Share records
of the Fund by an entry showing from and to whom transferred.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 4.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Registered
Shareholders</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The Fund may deem and treat the holder of record of any
Shares as the absolute owner thereof for all purposes and shall not be required
to take any notice of any right or claim of right of any other person.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 5.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Register of Shares</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.
A register shall be kept at the offices of the Fund or any transfer agent duly
appointed by the Directors under the direction of the Directors which shall
contain the names and addresses of the shareholders and the number of Shares
held by them respectively and a record of all transfers thereof. Separate
registers shall be established and maintained for each class or series of
Shares. Each such register shall be conclusive as to who </font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">are
the holders of the Shares of the applicable class or series of Shares and who
shall be entitled to receive dividends or distributions or otherwise to
exercise or enjoy the rights of shareholders. No shareholder shall be entitled
to receive payment of any dividend or distribution, nor to have notice given to
such Person as herein provided, until such Person has given their address to a
transfer agent or such other officer or agent of the Directors as shall keep
the register for entry thereon.</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 6.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Disclosure of Holdin</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">gs.
The holders of Shares or other securities of the Fund shall upon demand
disclose to the Directors in writing such information with respect to direct
and indirect ownership of Shares or other securities of the Fund as the
Directors deem necessary or appropriate.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 7.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Signatures</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. Any
or all of the signatures on a certificate 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 is issued, it may
be issued by the Fund with the same effect as if such person were such officer,
transfer agent or registrar at the date of issue.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 8.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Lost Certificates</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.
The Board of Directors may direct a new certificate to be issued in place of
any certificate theretofore issued by the Fund alleged to have been lost,
stolen or destroyed, upon the making of an affidavit of that fact by the person
claiming the certificate of stock to be lost, stolen or destroyed. When
authorizing such issue of a new certificate, the Board of Directors may, in its
discretion and as a condition precedent to the issuance thereof, require the
owner of such lost, stolen or destroyed certificate, or such owner&#8217;s legal
representative, to advertise the same in such manner as the Board of Directors
shall require and/or to give the Fund a bond in such sum as it may direct as
indemnity against any claim that may be made against the Fund on account of the
alleged loss, theft or destruction of such certificate or the issuance of such
new certificate.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-indent:.5in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ARTICLE VI</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">MISCELLANEOUS</font></u></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;vertical-align:baseline;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Filing</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. These
Bylaws and any amendment or supplement hereto shall be filed in such places as
may be required or as the Directors deem appropriate. Each amendment or
supplement shall be accompanied by a certificate signed and acknowledged by the
Secretary stating that such action was duly taken in a manner provided herein,
and shall, upon insertion in the Fund&#8217;s minute book, be conclusive evidence of
all amendments contained therein.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 2.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Governing Law</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.
These Bylaws and the rights of all parties and the validity and construction of
every provision hereof shall be subject to and construed according to the laws
of the state in which the Fund was formed, although such law shall not be
viewed as limiting the powers otherwise granted to the Directors hereunder and
any ambiguity shall be viewed in favor of such powers.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">4860-9452-0833</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">47438659.1</font></font><font style=""></font></p>


</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;page-break-after:avoid;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 3.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Provisions
in Conflict with Law or Regulation</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">.</font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;"> </font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;page-break-after:avoid;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.1in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;vertical-align:baseline;">(a)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.1pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">The provisions of
these Bylaws are severable, and if the Directors shall determine, with the
advice of counsel, that any of such provisions is in conflict with the 1940
Act, the regulated investment company provisions of the Code or with other
applicable binding laws and regulations, the conflicting provision shall be
deemed never to have constituted a part of these Bylaws; provided, however,
that such determination shall not affect any of the remaining provisions of
these Bylaws or render invalid or improper any action taken or omitted prior to
such determination.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.4in;margin-right:.1in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.1in;margin-top:0in;text-align:justify;text-indent:1.0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;vertical-align:baseline;">(b)</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.1pt;vertical-align:baseline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">If any provision of
these Bylaws shall be held invalid or unenforceable in any jurisdiction, such
invalidity or unenforceability shall attach only to such provision in such
jurisdiction and shall not in any manner affect such provision in any other
jurisdiction or any other provision of these Bylaws in any jurisdiction.</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<h2 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Section 4.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Control Share Acquisition Act</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">. Pursuant to
Sections 3-702(b) and (c)(4) of the MGCL, the Board of Directors has adopted a
resolution that the Fund shall be subject to Title 3, Subtitle 7 of the MGCL
(the &#8220;</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Maryland Control Share Acquisition Act</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221; or the &#8220;</font><u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Act</font></u><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">&#8221;),
which shall apply to the voting rights of holders of shares of stock of the
Fund acquired in a control share acquisition to the extent provided in such
provisions of the MGCL. Notwithstanding the foregoing sentence, (1) no holder
of shares of stock of the Fund shall be entitled to exercise the rights of an
objecting stockholder under Section 3-708 of the MGCL; (2) the Act shall not
apply to the voting rights of the holders of any shares of preferred stock of
the Fund (but only with respect to such shares); (3) the Act shall not apply to
the voting rights of any person acquiring shares of stock of the Fund in a
control share acquisition (as defined in the Act) if, prior to the acquisition,
the person obtains approval of the Board of Directors exempting the acquisition
from the Act specifically, generally, or generally by types, which exemption
may include the person and the person&#8217;s affiliates or associates or other
persons; and (4) to the extent that any provisions of the Act are determined to
be inconsistent with the 1940 Act, then any such provisions shall not apply.</font></h2>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">ARTICLE
VII</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">AMENDMENT
OF BYLAWS</font></u></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;vertical-align:baseline;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:.1in;page-break-after:avoid;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Section 1.&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">Amendment and Repeal
of Bylaws</font></u><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;vertical-align:baseline;">. The Directors shall have the exclusive power to amend or repeal
the Bylaws or adopt new Bylaws at any time. Except as may be required by
applicable binding law or the Charter, action by the Directors with respect to
the Bylaws shall be taken by an affirmative vote of a majority of the
Directors. The Directors shall in no event adopt Bylaws which are in conflict
with the Charter, and any inconsistency shall be construed in favor of the
related provisions in the Charter.</font></p>

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