Common use of EXECUTION OF PURCHASE AND SALE ORDERS Clause in Contracts

EXECUTION OF PURCHASE AND SALE ORDERS. 6.1 In connection with purchases or sales of investments for the account of the Company, the Futures Trading Adviser will arrange for the placing of all orders for the purchase and sale of portfolio investments for the account with brokers or dealers selected by the Futures Trading Adviser, subject to review of this selection by the Adviser from time to time. The Futures Trading Adviser will be responsible for the negotiation and the allocation of principal business and portfolio brokerage. In the selection of such brokers or dealers and the placing of such orders, the Futures Trading Adviser will at all times seek, for the Company, the best qualitative execution, taking into account such factors as price (including the applicable brokerage commission or dealer spread), the execution capability, financial responsibility and responsiveness of the broker or dealer and the brokerage and research services provided by the broker or dealer. 6.2 The Futures Trading Adviser should generally seek favorable prices and commission rates that are reasonable in relation to the benefits received. In seeking best qualitative execution, the Futures Trading Adviser is authorized to select brokers or dealers who also provide brokerage and research services to the Company and/or the other accounts over which it exercises investment discretion. 6.3 The Futures Trading Adviser is authorized to pay a broker or dealer who provides such brokerage and research services a commission for executing portfolio transactions with respect to the Allocated Assets that is in excess of the amount of commission another broker or dealer would have charged for effecting that transaction if the Futures Trading Adviser determines in good faith that the amount of the commission is reasonable in relation to the value of the brokerage and research services provided by the executing broker or dealer. The determination may be viewed in terms of either a particular transaction or the Futures Trading Adviser’s overall responsibilities with respect to the Allocated Assets and to accounts over which the Futures Trading Adviser exercises investment discretion. The Company and the Futures Trading Adviser understand and acknowledge that, although the information may be useful to the Company and the Futures Trading Adviser, it is not possible to place a dollar value on such information. The Futures Trading Adviser shall periodically review and provide reports to the Adviser, Sub-Adviser and Trust Board regarding the commissions paid by the Fund and Company for evaluation of whether the commissions paid over representative periods of time were reasonable in relation to the benefits to the Fund and Company. The Futures Trading Adviser may not give consideration to sales of shares of the Fund as a factor in the selection of brokers and dealers to execute Company portfolio transactions. 6.4 Subject to the provisions of the 1940 Act, and other applicable law, the Futures Trading Adviser, any of its affiliates or any affiliates of its affiliates may retain compensation in connection with effecting the portfolio transactions for the Allocated Assets, including transactions effected through others. If any occasion should arise in which the Futures Trading Adviser gives any advice to clients of the Futures Trading Adviser concerning the shares of the Fund, the Futures Trading Adviser will act solely as investment counsel for such client and not in any way on behalf of the Fund. The Futures Trading Adviser’s services to the Company pursuant to this Agreement are not to be deemed to be exclusive and it is understood that the Futures Trading Adviser may render investment advice, management and other services to others.

EXECUTION OF PURCHASE AND SALE ORDERS. 6.1 In connection with purchases or sales of investments for the account of the CompanyReSolve Sleeve, the Futures Trading Adviser will arrange for the placing of all orders for the purchase and sale of portfolio investments for the account with brokers or dealers selected by the Futures Trading Adviser, subject to review of this selection by the Adviser from time to time. The Futures Trading Adviser will be responsible for the negotiation and the allocation of principal business and portfolio brokerage. In the selection of such brokers or dealers and the placing of such orders, the Futures Trading Adviser will at all times seek, for the CompanyReSolve Sleeve, the best qualitative execution, taking into account such factors as price (including the applicable brokerage commission or dealer spread), the execution capability, financial responsibility and responsiveness of the broker or dealer and the brokerage and research services provided by the broker or dealer. 6.2 The Futures Trading Adviser should generally seek favorable prices and commission rates that are reasonable in relation to the benefits received. In seeking best qualitative execution, the Futures Trading Adviser is authorized to select brokers or dealers who also provide brokerage and research services to the Company Fund and/or the other accounts over which it exercises investment discretion. 6.3 The Futures Trading Adviser is authorized to pay a broker or dealer who provides such brokerage and research services a commission for executing portfolio transactions with respect to the Allocated Assets that is in excess of the amount of commission another broker or dealer would have charged for effecting that transaction if the Futures Trading Adviser determines in good faith that the amount of the commission is reasonable in relation to the value of the brokerage and research services provided by the executing broker or dealer. The determination may be viewed in terms of either a particular transaction or the Futures Trading Adviser’s overall responsibilities with respect to the Allocated Assets and to accounts over which the Futures Trading Adviser exercises investment discretion. The Company Trust and the Futures Trading Adviser understand and acknowledge that, although the information may be useful to the Company Fund and the Futures Trading Adviser, it is not possible to place a dollar value on such information. The Futures Trading Adviser shall periodically review and provide reports to the Adviser, Sub-Adviser and Trust Board regarding the commissions paid by the Fund and Company Fund, with respect to the ReSolve Sleeve, for evaluation of whether the commissions paid over representative periods of time were reasonable in relation to the benefits to the Fund and CompanyFund. The Futures Trading Adviser may not give consideration to sales of shares of the Fund as a factor in the selection of brokers and dealers to execute Company Fund portfolio transactions. 6.4 The Adviser recognizes that the Futures Trading Adviser will transmit orders on behalf of the Allocated Assets to broker or dealers and the Futures Trading Adviser’s responsibility with respect to any of the ReSolve Sleeve’s portfolio transactions shall be fulfilled at the time that a complete order has been transmitted to such broker or dealer. The Futures Trading Adviser shall not be responsible for any acts, omissions, or errors of such broker or dealer in executing such orders. 6.5 The Futures Trading Adviser may “block” or “bunch” order entry for the account of the ReSolve Sleeve with orders for accounts of other clients managed by the Futures Trading Adviser, and may place orders for execution through one broker or dealer, which may later be “given-up” by the executing broker to another broker, with the account of the Fund being charged all customary and relevant “give-up” fees. 6.6 Subject to the provisions of the 1940 Act, and other applicable law, the Futures Trading Adviser, any of its affiliates or any affiliates of its affiliates may retain compensation in connection with effecting the portfolio transactions for of the Allocated Assets, including transactions effected through others. If any occasion should arise in which the Futures Trading Adviser gives any advice to clients of the Futures Trading Adviser concerning the shares of the Fund, the Futures Trading Adviser will act solely as investment counsel for such client and not in any way on behalf of the Fund. The Futures Trading Adviser’s services to the Company Fund, with respect to the Allocated Assets, pursuant to this Agreement are not to be deemed to be exclusive and it is understood that the Futures Trading Adviser may render investment advice, management and other services to others, including other registered investment companies.

EXECUTION OF PURCHASE AND SALE ORDERS. 6.1 In connection with purchases or sales of investments investment for the account of the Company, the Futures Commodities Trading Adviser will arrange for the placing of all orders for the purchase and sale of portfolio investments for the account with brokers or dealers selected by the Futures Commodities Trading Adviser, subject to review of this selection by the Adviser from time to time. The Futures Commodities Trading Adviser will be responsible for the negotiation and the allocation of principal business and portfolio brokerage. In the selection of such brokers or dealers and the placing of such orders, the Futures Commodities Trading Adviser will at all times seek, for the Company, the best qualitative execution, taking into account such factors as price (including the applicable brokerage commission or dealer spread), the execution capability, financial responsibility and responsiveness of the broker or dealer and the brokerage and research services provided by the broker or dealer. 6.2 . The Futures Commodities Trading Adviser should generally seek favorable prices and commission rates that are reasonable in relation to the benefits received. In seeking best qualitative execution, the Futures Commodities Trading Adviser is authorized to select brokers or dealers who also provide brokerage and research services to the Company and/or the other accounts over which it exercises investment discretion. 6.3 . The Futures Commodities Trading Adviser is authorized to pay a broker or dealer who provides such brokerage and research services a commission for executing portfolio transactions with respect to transaction for the Allocated Assets that is in excess of the amount of commission another broker or dealer would have charged for effecting that transaction if the Futures Commodities Trading Adviser determines in good faith that the amount of the commission is reasonable in relation to the value of the brokerage and research services provided by the executing broker or dealer. The determination may be viewed in terms of either a particular transaction or the Futures Commodities Trading Adviser’s overall responsibilities with respect to the Allocated Assets and to accounts over which the Futures Commodities Trading Adviser exercises investment discretion. The Company and the Futures Commodities Trading Adviser understand and acknowledge that, although the information may be useful to the Company and the Futures Commodities Trading Adviser, it is not possible to place a dollar value on such information. The Futures Commodities Trading Adviser shall periodically review and provide reports to the Adviser, Sub-Adviser and Trust Board regarding the commissions paid by the Fund Company, and Company for evaluation of whether the commissions paid over representative periods of time were reasonable in relation to the benefits to the Fund and Company. The Futures Commodities Trading Adviser may not give consideration to sales of shares of the Fund as a factor in the selection of brokers and dealers to execute Company portfolio transactions. 6.4 . Subject to the provisions of the 1940 Act, and other applicable law, the Futures Commodities Trading Adviser, any of its affiliates or any affiliates of its affiliates may retain compensation in connection with effecting the portfolio transactions for the Allocated Assets, including transactions effected through others. If any occasion should arise in which the Futures Commodities Trading Adviser gives any advice to clients of the Futures Commodities Trading Adviser concerning the shares of the Fund, the Futures Commodities Trading Adviser will act solely as investment counsel for such client and not in any way on behalf of the Fund. The Futures Commodities Trading Adviser’s services to the Company pursuant to this Agreement are not to be deemed to be exclusive and it is understood that the Futures Commodities Trading Adviser may render investment advice, management and other services to others.

EXECUTION OF PURCHASE AND SALE ORDERS. 6.1 In connection with purchases or sales of investments for the account of the CompanyFund, the Futures Commodities Trading Adviser will arrange for the placing of all orders for the purchase and sale of portfolio investments for the account with brokers or dealers selected by the Futures Commodities Trading Adviser, subject to review of this selection by the Adviser from time to time. The Futures Commodities Trading Adviser will be responsible for the negotiation and the allocation of principal business and portfolio brokerage. In the selection of such brokers or dealers and the placing of such orders, the Futures Commodities Trading Adviser will at all times seek, for the CompanyFund, the best qualitative execution, taking into account such factors as price (including the applicable brokerage commission or dealer spread), the execution capability, financial responsibility and responsiveness of the broker or dealer and the brokerage and research services provided by the broker or dealer. 6.2 . The Futures Commodities Trading Adviser should generally seek favorable prices and commission rates that are reasonable in relation to the benefits received. In seeking best qualitative execution, the Futures Commodities Trading Adviser is authorized to select brokers or dealers who also provide brokerage and research services to the Company Fund and/or the other accounts over which it exercises investment discretion. 6.3 . The Futures Commodities Trading Adviser is authorized to pay a broker or dealer who provides such brokerage and research services a commission for executing a portfolio transactions with respect to transaction for the Allocated Assets that is in excess of the amount of commission another broker or dealer would have charged for effecting that transaction if the Futures Commodities Trading Adviser determines in good faith that the amount of the commission is reasonable in relation to the value of the brokerage and research services provided by the executing broker or dealer. The determination may be viewed in terms of either a particular transaction or the Futures Commodities Trading Adviser’s overall responsibilities with respect to the Allocated Assets and to accounts over which the Futures Commodities Trading Adviser exercises investment discretion. The Company Trust and the Futures Commodities Trading Adviser understand and acknowledge that, although the information may be useful to the Company Fund and the Futures Commodities Trading Adviser, it is not possible to place a dollar value on such information. The Futures Commodities Trading Adviser shall periodically review and provide reports to the Adviser, Sub-Adviser and Trust Board regarding the commissions paid by the Fund and Company for evaluation of whether the commissions paid over representative periods of time were reasonable in relation to the benefits to the Fund and CompanyFund. The Futures Commodities Trading Adviser may not give consideration to sales of shares of the Fund as a factor in the selection of brokers and dealers to execute Company Fund portfolio transactions. 6.4 . The Adviser recognizes that the Commodities Trading Adviser will transmit orders on behalf of the Allocated Assets to broker or dealers and the Commodities Trading Adviser’s responsibility with respect to any of the Fund’s portfolio transactions shall be fulfilled at the time that a complete order has been transmitted to such broker or dealer. The Commodities Trading Adviser shall not be responsible for any acts, omissions, or errors of such broker or dealer in executing such orders. The Commodities Trading Adviser may “block” or “bunch” order entry for the account of the Fund with orders for accounts of other clients managed by the Commodities Trading Adviser, and may place orders for execution through one broker or dealer, which may later be “given-up” by the executing broker to another broker, with the account of the Fund being charged all customary and relevant “give-up” fees. Subject to the provisions of the 1940 Act, and other applicable law, the Futures Commodities Trading Adviser, any of its affiliates or any affiliates of its affiliates may retain compensation in connection with effecting the portfolio transactions for the Allocated Assets, including transactions effected through others. If any occasion should arise in which the Futures Commodities Trading Adviser gives any advice to clients of the Futures Commodities Trading Adviser concerning the shares of the Fund, the Futures Commodities Trading Adviser will act solely as investment counsel for such client and not in any way on behalf of the Fund. The Futures Commodities Trading Adviser’s services to the Company Fund pursuant to this Agreement are not to be deemed to be exclusive and it is understood that the Futures Commodities Trading Adviser may render investment advice, management and other services to others, including other registered investment companies.