Common use of The Names Clause in Contracts

The Names. “Democracy International” and “DMCY”. The Adviser grants to the Trust a license to use the names “Democracy International” and “DMCY” (the “Names”) as part of the name of a Fund for the duration of this Agreement. The foregoing authorization by the Adviser to the Trust to use either Name as part of the name of a Fund is not exclusive of the right of the Adviser itself to use, or to authorize others to use, the Names; the Trust acknowledges and agrees that, as between the Trust and the Adviser, the Adviser has the right to use, or authorize others to use, the Names. The Trust shall: (1) use the Names only in a manner consistent with uses approved by the Adviser; (2) use the Trust’s best efforts to maintain the quality of the services offered using the Names; and (3) adhere to such other specific quality control standards as the Adviser from time to time reasonably may promulgate. At the request of the Adviser, the Trust: (a) shall submit to Adviser representative samples of any promotional materials using the Names; and (b) shall change the name of a Fund within thirty (30) days of the Trust’s receipt of the Adviser’s request, or such other shorter time period as may be required under the terms of a settlement agreement or court order, so as to eliminate all reference to either Name and thereafter shall not transact any business using either Name in the name of a Fund.

The Names. “Democracy InternationalChevy Chase Trust Company,” and “DMCYCCT”. The Adviser grants to the Trust a license to use the names “Democracy InternationalChevy Chase Trust Company,” and “DMCYCCT” (each, the “NamesName”) as part of the name of a the Fund for the duration of this Agreement. The foregoing authorization by the Adviser to the Trust to use either the Name as part of the name of a the Fund is not exclusive of the right of the Adviser itself to use, or to authorize others to use, the NamesName; the Trust acknowledges and agrees that, as between the Trust and the Adviser, the Adviser has the right to use, or authorize others to use, the NamesName. The Trust shall: (1) use the Names Name only in a manner consistent with uses approved by the Adviser; (2) use the Trust’s best efforts to maintain the quality of the services offered using the NamesName; and (3) adhere to such other specific quality control standards as the Adviser from time to time reasonably may promulgate. At the request of the Adviser, the Trust: (a) shall submit to Adviser representative samples of any promotional materials using the NamesName; and (b) shall change the name of a Fund within thirty (30) days of the Trust’s receipt of the Adviser’s request, or such other shorter time period as may be required under the terms of a settlement agreement or court order, so as to eliminate all reference to either the Name and thereafter shall not transact any business using either the Name in the name of a the Fund.