Common use of Duration, Renewal, Termination and Amendment Clause in Contracts

Duration, Renewal, Termination and Amendment. This Agreement will become effective as of July 31, 2022, provided that it shall have been approved by vote of a majority of the Trustees, including a majority of the disinterested Trustees at a meeting called for the purpose of voting on such approval, and, unless sooner terminated as provided herein, shall continue in effect until July 31, 2023. Thereafter, if not terminated, this Agreement shall continue in effect with respect to each Fund for successive one-year periods provided such continuance is specifically approved at least annually: (a) by the vote of a majority of the disinterested Trustees and (b) by the vote of a majority of the Trust’s Board of Trustees or by the vote of a majority of all votes attributable to the outstanding shares of each Fund. This Agreement may be terminated as to a Fund at any time, without payment of any penalty, by the Trust’s Board of Trustees, by the Administrator, or by a vote of a majority of the outstanding voting securities of the subject Fund, upon 60 days’ prior written notice to the Administrator, or by the Administrator upon 60 days’ prior written notice to the Trust, or upon such shorter notice as may be mutually agreed upon by the parties. This Agreement shall terminate automatically and immediately in the event of its assignment (as defined in the 1940 Act). No assignment of this Agreement shall be made by the Administrator without the consent of the Board of Trustees of the Trust. This Agreement may be amended at any time by written agreement of the parties.

Duration, Renewal, Termination and Amendment. This Agreement will become effective as of July 31, 2022the date first written above, provided that it shall have been approved by vote of a majority of the Trustees, including a majority of the disinterested Trustees at a meeting called for the purpose of voting on such approval, and, unless sooner terminated as provided herein, shall continue in effect until July 31, 2023for an initial period of one (1) year. Thereafter, if not terminated, this Agreement shall continue in effect with respect to each Fund for successive one-one year periods provided such continuance is specifically approved at least annually: (a) by the vote of a majority of the disinterested Trustees and (b) by the vote of a majority of the Trust’s Board of Trustees or by the vote of a majority of all votes attributable to the outstanding shares of each Fund. This Agreement may be terminated as to a Fund at any time, without payment of any penalty, by the Trust’s Board of Trustees, by the AdministratorManager, or by a vote of a majority of the outstanding voting securities of the subject Fund, upon 60 days’ prior written notice to the AdministratorManager, or by the Administrator Manager upon 60 days’ prior written notice to the Trust, or upon such shorter notice as may be mutually agreed upon by the parties. This Agreement shall terminate automatically and immediately in the event of its assignment (as defined in the 1940 Act). No assignment of this Agreement shall be made by the Administrator Manager without the consent of the Board of Trustees of the Trust. This Agreement may be amended at any time by written agreement of the parties.

Duration, Renewal, Termination and Amendment. This Agreement will become effective as of July 31, 2022the date first written above, provided that it shall have been approved by vote of a majority of the Trustees, including a majority of the disinterested Trustees at a meeting called for the purpose of voting on such approvalTrustees, and, unless sooner terminated as provided herein, shall continue in effect until July 31, 2023for an initial period of two (2) years. Thereafter, if not terminated, this Agreement shall continue in effect with respect to each Fund for successive one-one year periods provided such continuance is specifically approved at least annually: (a) by the vote of a majority of the disinterested Trustees and (b) by the vote of a majority of the Trust’s Board of Trustees or by the vote of a majority of all votes attributable to the outstanding shares of each the Fund. This Agreement may be terminated as to a Fund at any time, without payment of any penalty, by the Trust’s Board of Trustees, by the AdministratorAxonic, or by a vote of a majority of the outstanding voting securities of the subject Fund, upon 60 days’ prior written notice to the AdministratorAxonic, or by the Administrator Axonic upon 60 days’ prior written notice to the Trust, or upon such shorter notice as may be mutually agreed upon by the parties. This Agreement shall terminate automatically and immediately in the event of its assignment (as defined in the 1940 Act). No assignment of this Agreement shall be made by the Administrator Axonic without the consent of the Board of Trustees of the Trust. This Agreement may be amended at any time by written agreement of the parties.

Duration, Renewal, Termination and Amendment. This Agreement will become effective as of July 31, 2022the date first written above, provided that it shall have been approved by vote of a majority of the Trustees, including a majority of the disinterested Trustees at a meeting called for the purpose of voting on such approval, and, unless sooner terminated as provided herein, shall continue in effect until July 31, 2023for an initial period of one (1) year. Thereafter, if not terminated, this Agreement shall continue in effect with respect to each Fund until February 29, 2020, and thereafter shall continue automatically for successive one-one year periods provided such continuance is specifically approved at least annually: (a) by the vote of a majority of the disinterested Trustees and (b) by the vote of a majority of the Trust’s Board of Trustees or by the vote of a majority of all votes attributable to the outstanding shares of each Fund. This Agreement may be terminated as to a Fund at any time, without payment of any penalty, by the Trust’s Board of Trustees, by the AdministratorManager, or by a vote of a majority of the outstanding voting securities of the subject Fund, upon 60 days’ prior written notice to the AdministratorManager, or by the Administrator Manager upon 60 days’ prior written notice to the Trust, or upon such shorter notice as may be mutually agreed upon by the parties. This Agreement shall terminate automatically and immediately in the event of its assignment (as defined in the 1940 Act). No assignment of this Agreement shall be made by the Administrator Manager without the consent of the Board of Trustees of the Trust. This Agreement may be amended at any time by written agreement of the parties.

Duration, Renewal, Termination and Amendment. This Agreement will become effective as of July 31, 20222021, provided that it shall have been approved by vote of a majority of the Trustees, including a majority of the disinterested Trustees at a meeting called for the purpose of voting on such approval, and, unless sooner terminated as provided herein, shall continue in effect until July 31, 2023for an initial period of one (1) year. Thereafter, if not terminated, this Agreement shall continue in effect with respect to each Fund for successive one-year periods provided such continuance is specifically approved at least annually: (a) by the vote of a majority of the disinterested Trustees and (b) by the vote of a majority of the Trust’s Board of Trustees or by the vote of a majority of all votes attributable to the outstanding shares of each Fund. This Agreement may be terminated as to a Fund at any time, without payment of any penalty, by the Trust’s Board of Trustees, by the Administrator, or by a vote of a majority of the outstanding voting securities of the subject Fund, upon 60 days’ prior written notice to the Administrator, or by the Administrator upon 60 days’ prior written notice to the Trust, or upon such shorter notice as may be mutually agreed upon by the parties. This Agreement shall terminate automatically and immediately in the event of its assignment (as defined in the 1940 Act). No assignment of this Agreement shall be made by the Administrator without the consent of the Board of Trustees of the Trust. This Agreement may be amended at any time by written agreement of the parties.