FORM OF EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT BETWEEN THE POP VENTURE FUND AND POP VENTURE ADVISERS, LLC

 

Exhibit (g)(2)

 

FORM OF EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT

BETWEEN

THE POP VENTURE FUND
AND

POP VENTURE ADVISERS, LLC

 

This Expense Limitation and Reimbursement Agreement (the “Agreement”) is effective as of this [•] day of [•], 2024, by and between The Pop Venture Fund, a Delaware statutory trust (the “Fund”), and Pop Venture Advisers, LLC, a Delaware limited liability company (the “Adviser”).

 

WHEREAS, the Fund is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”) that operates as an interval fund as provided for in Rule 23c-3 thereunder;

 

WHEREAS, the Fund has retained the Adviser to furnish investment advisory services to the Fund on the terms and conditions set forth in the investment advisory agreement, dated [•], 2024, entered between the Fund and the Adviser (the “Investment Advisory Agreement”);

 

NOW, THEREFORE, in consideration of the covenants and the mutual promises hereinafter set forth, the parties, intending to be legally bound hereby, mutually agree as follows:

 

1.

Reimbursement of Fees and Expenses

 

The Advisor or its affiliates will reimburse the Fund for certain organizational expenses incurred by the Fund between [       ], which amount, as agreed upon by the parties, is specified in Appendix A hereto (the “Reimbursement”.)

 

2.

Term

 

This Agreement shall become effective upon effectiveness of the Investment Advisory Agreement and shall remain in effect until [•], unless sooner terminated as provided in Paragraph 3 of this Agreement and shall thereafter continue in effect for successive twelve month periods; provided, that such continuance is specifically approved at least annually by a majority of the Trustees of the Fund.

 

3.

Termination

 

This Agreement may be terminated at any time, and without payment of any penalty, by the Board of Trustees of the Fund, upon sixty (60) days’ written notice to the Adviser. This agreement may not be terminated by the Adviser without the consent of the Board of Trustees of the Fund. This Agreement will automatically terminate if the Investment Advisory Agreement is terminated, with such termination effective upon the effective date of the Investment Advisory Agreement’s termination.

 

 

4.

Assignment

 

This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

 

5.

Severability

 

If any provision of this Agreement shall be held or made invalid by a court decision, statute or rule, or shall be otherwise rendered invalid, the remainder of this Agreement shall not be affected thereby.

 

6.

Governing Law

 

This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect to the conflict of laws principles thereof; provided that nothing herein shall be construed to preempt, or to be inconsistent with, any federal law, regulation or rule, including, but not limited to, the 1940 Act, the Investment Advisers Act of 1940, as amended, and any rules and regulations promulgated thereunder.

 

[Remainder of Page Intentionally Blank]

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized signatories as of the day and year first written above.

 

	THE POP VENTURE FUND
	By:
	Name:
	Title:
	POP VENTURE ADVISERS, LLC
	By:
	Name:
	Title: