Common use of Compensation of the Investment Adviser Clause in Contracts

Compensation of the Investment Adviser. Neither the Investment Adviser nor any affiliate of the Investment Adviser will act as principal or receive directly or indirectly any compensation in connection with the purchase or sale of investment securities by the Trust, other than the compensation provided for in this Section and such brokerage commissions as are permitted by the 1940 Act, it being contemplated that WPG will act as principal broker for the Trust in U.S. securities transactions.

Compensation of the Investment Adviser. Neither the Investment Adviser nor any affiliate of the Investment Adviser will act as principal or receive directly or indirectly any compensation in connection with the purchase or sale of investment securities by the TrustFund, other than the compensation provided for in this Section and such brokerage commissions as are permitted by the 1940 Act, it being contemplated that WPG will act as principal broker for the Trust Fund in U.S. securities transactions.

Compensation of the Investment Adviser. Neither the Investment Adviser --------------------------------------- nor any affiliate of the Investment Adviser will act as principal or receive directly or indirectly any compensation in connection with the purchase or sale of investment securities by the Trust, other than the compensation provided for in this Section and such brokerage commissions as are permitted by the 1940 ActAct and brokerage and research services as are permitted by the Securities Exchange Act of 1934, it being contemplated that WPG will act as principal broker for the Trust in U.S. securities transactions.

Compensation of the Investment Adviser. Neither the Investment Adviser nor any affiliate of the Investment Adviser will act as principal or receive directly or indirectly any compensation in connection with the purchase or sale of investment securities by the Trust, other than the compensation provided for in this Section and such brokerage commissions as are permitted by the 1940 ActAct and brokerage and research services as are permitted by the Securities Exchange Act of 1934, it being contemplated that WPG will act as principal broker for the Trust in U.S. securities transactions.

Compensation of the Investment Adviser. Neither the Investment Adviser -------------------------------------- nor any affiliate of the Investment Adviser will act as principal or receive directly or indirectly any compensation in connection with the purchase or sale of investment securities by the Trust, other than the compensation provided for in this Section and such brokerage commissions as are permitted by the 1940 ActAct and brokerage and research services as are permitted by the Securities Exchange Act of 1934, it being contemplated that WPG will act as principal broker for the Trust in U.S. securities transactions.

Compensation of the Investment Adviser. Neither the Investment -------------------------------------- Adviser nor any affiliate of the Investment Adviser will act as principal or receive directly or indirectly any compensation in connection with the purchase or sale of investment securities by the Trust, other than the compensation provided for in this Section and such brokerage commissions as are permitted by the 1940 Act, it being contemplated that WPG will act as principal broker for the Trust in U.S. securities transactions.