Common use of APPOINTMENT AND ACCEPTANCE OF APPOINTMENT OF THE INVESTMENT MANAGER Clause in Contracts

APPOINTMENT AND ACCEPTANCE OF APPOINTMENT OF THE INVESTMENT MANAGER. Subject to the express provision and limitations set forth in the Company's Articles of Incorporation, Bylaws, Form N-1A Registration Statement under the Investment Company Act of 1940, as amended (the "1940 Act") under the Securities Act of 1933, as amended (the "1933 Act"), and prospectus as in use from time to time, as well as to the factors affecting the Company's status as a "regulated investment company" under the Internal Revenue Code of 1954, as amended, the Company hereby grants to the Investment Manager and the Investment Manager hereby accepts full discretionary authority to manage the investment and reinvestment of the cash and securities in the account of the Company for the Meridian Equity Income Fund series. For all purposes hereunder, unless the context shall otherwise require, the references to "Portfolio" in the Agreement shall refer to the Meridian Equity Income Fund, the assets of which are presently held by the PFPC Trust Inc. (the "Custodian"), the proceeds thereof, and any additions thereto, in the Investment Manager's discretion. In its duties hereunder, the Investment Manager shall further be bound by any and all determinations by the Board of Directors of the Company relating to investment policy, which determinations shall in writing be communicated to the Investment Manager. The Investment Manager shall, for all purposes herein, be deemed an independent contractor of the Company.

APPOINTMENT AND ACCEPTANCE OF APPOINTMENT OF THE INVESTMENT MANAGER. Subject to the express provision and limitations set forth in the Company's ’s Articles of Incorporation, Bylaws, Form N-1A N-1 A Registration Statement under the Investment Company Act of 1940, as amended (the "“1940 Act"”) under and the Securities Act of 1933, as amended (the "“1933 Act"”), and prospectus as in use from time to time, as well as to the factors affecting the Company's ’s status as a "“regulated investment company" ” under the Internal Revenue Code of 19541986, as amended, the Company hereby grants to the Investment Manager and the Investment Manager hereby accepts full discretionary authority to manage the investment and reinvestment of the cash and securities in the account accounts of the Company for the Meridian Equity Income Fund seriesseries set forth in the Exhibit attached hereto, as may be amended from time to time. For all purposes hereunder, unless the context shall otherwise require, the references to "“Portfolio" ” or “Portfolios” in the Agreement shall refer refer, individually and collectively, to the Meridian Equity Income Fundseries of the Company set forth in the Exhibit attached hereto, the assets of which are presently held by the PFPC Trust Inc. Bank of New York Mellon (the "“Custodian"”), the proceeds thereof, and any additions thereto, in the Investment Manager's ’s discretion. In its duties hereunder, the Investment Manager shall further be bound by any and all determinations by the Board of Directors of the Company relating to investment policy, which determinations shall in writing be communicated to the Investment Manager. The Investment Manager shall, for all purposes herein, be deemed an independent contractor of the Company.

APPOINTMENT AND ACCEPTANCE OF APPOINTMENT OF THE INVESTMENT MANAGER. Subject to the express provision and limitations set forth in the Company's ’s Articles of Incorporation, Bylaws, Form N-1A Registration Statement under the Investment Company Act of 1940, as amended (the "“1940 Act"”) under the Securities Act of 1933, as amended (the "“1933 Act"”), and prospectus as in use from time to time, as well as to the factors affecting the Company's ’s status as a "“regulated investment company" ” under the Internal Revenue Code of 1954, as amended, the Company hereby grants to the Investment Manager and the Investment Manager hereby accepts full discretionary authority to manage the investment and reinvestment of the cash and securities in the account accounts of the Company for the Meridian Equity Income Fund, the Meridian Growth Fund and the Meridian Value Fund series. For all purposes hereunder, unless the context shall otherwise require, the references to "“Portfolio" ” or “Portfolios” in the Agreement shall refer refer, individually and collectively, to the Meridian Equity Income Fund, the Meridian Growth Fund and the Meridian Value Fund, the assets of which are presently held by the PFPC Trust Inc. Bank of New York Mellon (the "“Custodian"”), the proceeds thereof, and any additions thereto, in the Investment Manager's ’s discretion. In its duties hereunder, the Investment Manager shall further be bound by any and all determinations by the Board of Directors of the Company relating to investment policy, which determinations shall in writing be communicated to the Investment Manager. The Investment Manager shall, for all purposes herein, be deemed an independent contractor of the Company.

APPOINTMENT AND ACCEPTANCE OF APPOINTMENT OF THE INVESTMENT MANAGER. Subject to the express provision and limitations set forth in the Company's ’s Articles of Incorporation, Bylaws, Form N-1A Registration Statement under the Investment Company Act of 1940, as amended (the "“1940 Act"”) under and the Securities Act of 1933, as amended (the "“1933 Act"”), and prospectus as in use from time to time, as well as to the factors affecting the Company's ’s status as a "“regulated investment company" ” under the Internal Revenue Code of 19541986, as amended, the Company hereby grants to the Investment Manager and the Investment Manager hereby accepts full discretionary authority to manage the investment and reinvestment of the cash and securities in the account accounts of the Company for the Meridian Equity Income Fund, the Meridian Growth Fund and the Meridian Contrarian Fund series. For all purposes hereunder, unless the context shall otherwise require, the references to "“Portfolio" ” or “Portfolios” in the Agreement shall refer refer, individually and collectively, to the Meridian Equity Income Fund, the Meridian Growth Fund and the Meridian Contrarian Fund, the assets of which are presently held by the PFPC Trust Inc. Bank of New York Mellon (the "“Custodian"”), the proceeds thereof, and any additions thereto, in the Investment Manager's ’s discretion. In its duties hereunder, the Investment Manager shall further be bound by any and all determinations by the Board of Directors of the Company relating to investment policy, which determinations shall in writing be communicated to the Investment Manager. The Investment Manager shall, for all purposes herein, be deemed an independent contractor of the Company.

APPOINTMENT AND ACCEPTANCE OF APPOINTMENT OF THE INVESTMENT MANAGER. Subject to the express provision and limitations set forth in the Company's Articles of Incorporation, Bylaws, Form N-1A Registration Statement under the Investment Company Act of 1940, as amended (the "1940 Act") under the Securities Act of 1933, as amended (the "1933 Act"), and prospectus as in use from time to time, as well as to the factors affecting the Company's status as a "regulated investment company" under the Internal Revenue Code of 1954, as amended, the Company hereby grants to the Investment Manager and the Investment Manager hereby accepts full discretionary authority to manage the investment and reinvestment of the cash and securities in the account accounts of the Company for comprised of the Meridian Equity Income Fund seriesseries and the Meridian Value Fund series (the "Funds"). For all purposes hereunder, unless the context shall otherwise require, the references to "Portfolio" in the Agreement shall refer refer, individually and collectively, to the Meridian Equity Income Fund, Fund series and to the assets of which are Meridian Value Fund series presently held by the PFPC Trust Inc. Bank of New York (the "Custodian"), the proceeds thereof, and any additions thereto, in the Investment Manager's discretion. In its duties hereunder, the Investment Manager shall further be bound by any and all determinations by the Board of Directors of the Company relating to investment policy, which determinations shall in writing be communicated to the Investment Manager. The Investment Manager shall, for all purposes herein, be deemed an independent contractor of the Company.

APPOINTMENT AND ACCEPTANCE OF APPOINTMENT OF THE INVESTMENT MANAGER. Subject to the express provision and limitations set forth in the Company's ’s Articles of Incorporation, Bylaws, Form N-1A Registration Statement under the Investment Company Act of 1940, as amended (the "“1940 Act"”) under and the Securities Act of 1933, as amended (the "“1933 Act"”), and prospectus as in use from time to time, as well as to the factors affecting the Company's ’s status as a "“regulated investment company" ” under the Internal Revenue Code of 19541986, as amended, the Company hereby grants to the Investment Manager and the Investment Manager hereby accepts full discretionary authority to manage the investment and reinvestment of the cash and securities in the account accounts of the Company for the Meridian Equity Income Fund seriesseries set forth in the Exhibit attached hereto, as may be amended from time to time. For all purposes hereunder, unless the context shall otherwise require, the references to "“Portfolio" ” or “Portfolios” in the Agreement shall refer refer, individually and collectively, to the Meridian Equity Income Fundseries of the Company set forth in the Exhibit attached hereto, the assets of which are presently held by the PFPC Trust Inc. Bank of New York Mellon (the "“Custodian"”), the proceeds thereof, and any additions thereto, in the Investment Manager's ’s discretion. In its duties hereunder, the Investment Manager shall further be bound by any and all determinations by the Board of Directors of the Company relating to investment policy, which determinations shall in writing be communicated to the Investment Manager. The Investment Manager shall, for all purposes herein, be deemed an independent contractor of the Company.