Common use of INITIAL INVESTMENT BY AFFILIATES OF THE ADVISOR Clause in Contracts

INITIAL INVESTMENT BY AFFILIATES OF THE ADVISOR. Prior to the initial public offering of Shares pursuant to the Prospectus, the Advisor shall make an Initial Investment of $200,000 in the Trust by acquiring 10,000 Shares. The Advisor, Sponsors or any Affiliates may not sell that initial investment while the Sponsor remains a Sponsor but may transfer the Shares represented by this initial investment to other Affiliates.

INITIAL INVESTMENT BY AFFILIATES OF THE ADVISOR. Prior to the initial public offering of Shares pursuant to the Prospectus, the Advisor shall make made an Initial Investment of $200,000 in the Trust by acquiring 10,000 Common Shares. The Advisor, Sponsors or any Affiliates Advisor may not only sell that initial investment while the Sponsor remains a Sponsor but may transfer the Common Shares represented by this initial investment to other AffiliatesInitial Investment through the market on which the Common Shares are normally traded.

INITIAL INVESTMENT BY AFFILIATES OF THE ADVISOR. Prior to the initial public offering of Shares pursuant to the Prospectus, the Advisor shall make an Initial Investment of $200,000 in the Trust by acquiring 10,000 Shares. The Advisor, Sponsors or any Affiliates Advisor shall not withdraw such Initial Investment for a period of one year following the Final Closing Date and may not only sell that initial investment while the Sponsor remains a Sponsor but may transfer the Shares represented by this initial investment to other Affiliates.through the market on which the Shares are formally traded. ARTICLE VII -

INITIAL INVESTMENT BY AFFILIATES OF THE ADVISOR. Prior to the initial public offering of Shares pursuant to the Prospectus, the Advisor shall make an Initial Investment of $200,000 in the Trust by acquiring 10,000 Shares. The Advisor, Sponsors or any Affiliates Advisor shall not withdraw such Initial Investment for a period of one year following the Final Closing Date and may not only sell that initial investment while the Sponsor remains a Sponsor but may transfer the Shares represented by this initial investment to other Affiliatesthrough the market on which the Shares are formally traded.