Common use of ACTIVITIES OF THE SUB-ADVISER Clause in Contracts

ACTIVITIES OF THE SUB-ADVISER. (a) Except to the extent necessary to perform its obligations hereunder, nothing herein shall be deemed to limit or restrict the Sub-Adviser’s right, or the right of any of the Sub-Adviser’s directors, officers or employees to engage in any other business or to devote time and attention to the management or other aspects of any other business, whether of a similar or dissimilar nature, or to render services of any kind to any other corporation, trust, firm, individual or association. (b) The Sub-Adviser shall not, without prior written consent of the Adviser: launch, promote or market on its own behalf any US registered investment company with substantially identical investment objectives and policies as those of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Mutual Funds or any fund which is a series of the Trust; and/or manage any segregated investment portfolios for the Adviser’s clients or bona-fide client prospects domiciled in the US with substantially identical investment objectives and policies as those of the Trust or any fund which is a series of the Trust without compensation equal to 20% of the income or fees achieved by the Sub-Adviser as a third party marketing fee payable to the Adviser.