Common use of Investment Advisory Services Clause in Contracts

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Portfolio and shall, subject to the supervision of the Fund's Board of Trustees, direct the investments of the Portfolio in accordance with the investment objective, policies and limitations as provided in the Portfolio's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 and rules thereunder, as amended from time to time (the "1940 Act"), and such other limitations as the Portfolio may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the Portfolio; and shall pay the salaries and fees of all officers of the Fund, of all Trustees of the Fund who are "interested persons" of the Fund or of the Adviser and of all personnel of the Fund or the Adviser performing services relating to research, statistical and investment activities. The Adviser is authorized, in its discretion and without prior consultation with the Portfolio, to allocate the Portfolio's assets among the various underlying Fidelity funds in which the Portfolio may invest and to otherwise buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Portfolio as permitted under the Portfolio's investment policies. The Adviser shall from time to time make recommendations to the Fund's Board of Trustees with respect to the Portfolio's investment policies provided that the investment policies and all other actions of the Portfolio are and shall at all times be subject to the control and direction of the Fund's Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Portfolio Fund and shall, subject to the supervision of the Fund's Trust’s Board of Trustees, direct the investments of the Portfolio Fund in accordance with the investment objective, policies and limitations as provided in the Portfolio's Fund’s Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 and rules thereunder, as amended from time to time (the "“1940 Act"”), and such other limitations as the Portfolio Fund may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Portfolio Fund office space and all necessary office facilities, equipment and personnel for servicing the investments of the PortfolioFund; and shall pay the salaries and fees of all officers of the FundTrust, of all Trustees of the Fund Trust who are "“interested persons" ” of the Fund Trust or of the Adviser and of all personnel of the Fund Trust or the Adviser performing services relating to research, statistical and investment activities. The Adviser is authorized, in its discretion and without prior consultation with the PortfolioFund, to allocate the Portfolio's Fund’s assets among the various underlying Fidelity funds in which the Portfolio Fund may invest and to otherwise buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Portfolio Fund as permitted under the Portfolio's Fund’s investment policies. The Adviser shall from time to time make recommendations to the Fund's Trust’s Board of Trustees with respect to the Portfolio's Fund’s investment policies provided that the investment policies and all other actions of the Portfolio Fund are and shall at all times be subject to the control and direction of the Fund's Trust’s Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Portfolio and shall, subject to the supervision of the Fund's ’s Board of Trustees, direct the investments of the Portfolio in accordance with the investment objective, policies and limitations as provided in the Portfolio's ’s Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 and rules thereunder, as amended from time to time (the "“1940 Act"”), and such other limitations as the Portfolio may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the Portfolio; and shall pay the salaries and fees of all officers of the Fund, of all Trustees of the Fund who are "“interested persons" ” of the Fund or of the Adviser and of all personnel of the Fund or the Adviser performing services relating to research, statistical and investment activities. The Adviser is authorized, in its discretion and without prior consultation with the Portfolio, to allocate the Portfolio's ’s assets among the various underlying Fidelity funds in which the Portfolio may invest and to otherwise buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Portfolio as permitted under the Portfolio's ’s investment policies. The Adviser shall from time to time make recommendations to the Fund's ’s Board of Trustees with respect to the Portfolio's ’s investment policies provided that the investment policies and all other actions of the Portfolio are and shall at all times be subject to the control and direction of the Fund's ’s Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Portfolio and shall, subject to the supervision of the Fund's Board of Trustees, direct the investments of the Portfolio in accordance with the investment objective, policies and limitations as provided in the Portfolio's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 and rules thereunder, as amended from time to time (the "1940 Act"), and such other limitations as the Portfolio may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the Portfolio; and shall pay the salaries and fees of all officers of the Fund, of all Trustees of the Fund who are "interested persons" of the Fund or of the Adviser and of all personnel of the Fund or the Adviser performing services relating to research, statistical and investment activities. The Adviser is authorized, in its discretion and without prior consultation with the Portfolio, to allocate the Portfolio's assets among the various underlying Fidelity funds in which the Portfolio may invest and to otherwise buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Portfolio as permitted under the Portfolio's investment policies. The Adviser shall from time to time make recommendations to the Fund's Board of Trustees with respect to the Portfolio's investment policies provided that the investment policies and all other actions of the Portfolio are and shall at all times be subject to the control and direction of the Fund's Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Portfolio Fund and shall, subject to the supervision of the FundTrust's Board of Trustees, direct the investments of the Portfolio Fund in accordance with the investment objective, policies and limitations as provided in the PortfolioFund's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 and rules thereunder, as amended from time to time (the "1940 Act"), and such other limitations as the Portfolio Fund may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Portfolio Fund office space and all necessary office facilities, equipment and personnel for servicing the investments of the PortfolioFund; and shall pay the salaries and fees of all officers of the FundTrust, of all Trustees of the Fund Trust who are "interested persons" of the Fund Trust or of the Adviser and of all personnel of the Fund Trust or the Adviser performing services relating to research, statistical and investment activities. The Adviser is authorized, in its discretion and without prior consultation with the PortfolioFund, to allocate the PortfolioFund's assets among the various underlying Fidelity funds in which the Portfolio Fund may invest and to otherwise buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Portfolio Fund as permitted under the PortfolioFund's investment policies. The Adviser shall from time to time make recommendations to the FundTrust's Board of Trustees with respect to the PortfolioFund's investment policies provided that the investment policies and all other actions of the Portfolio Fund are and shall at all times be subject to the control and direction of the FundTrust's Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Portfolio and shall, subject to the supervision of the Fund's Board of Trustees, direct the investments of the Portfolio in accordance with the investment objective, policies and limitations as provided in the Portfolio's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 and rules thereunder, as amended from time to time (the "1940 Act"), and such other limitations as the Portfolio may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the Portfolio; and shall pay the salaries and fees of all officers of the Fund, of all Trustees of the Fund who are "interested persons" of the Fund or of the Adviser Adviser, and of all personnel of the Fund or of the Adviser performing services relating to research, statistical and investment activities. The Adviser is authorized, in its discretion and without prior consultation with the Portfolio, to allocate the Portfolio's assets among the various underlying Fidelity funds in which the Portfolio may invest and to otherwise buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Portfolio as permitted under the Portfolio's investment policies. The Adviser shall from time to time make recommendations to the Fund's Board of Trustees with respect to the Portfolio's investment policies provided that the investment policies and all other actions of the Portfolio are and shall at all times be subject to the control and direction of the Fund's Board of Trustees.. (b)

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Portfolio and shall, subject to the supervision of the Fund's ’s Board of Trustees, direct the investments of the Portfolio in accordance with the investment objective, policies and limitations as provided in the Portfolio's ’s Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 and rules thereunder, as amended from time to time (the "“1940 Act"”), and such other limitations as the Portfolio may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the Portfolio; and shall pay the salaries and fees of all officers of the Fund, of all Trustees of the Fund who are "“interested persons" ” of the Fund or of the Adviser Adviser, and of all personnel of the Fund or of the Adviser performing services relating to research, statistical and investment activities. The Adviser is authorized, in its discretion and without prior consultation with the Portfolio, to allocate the Portfolio's ’s assets among the various underlying Fidelity funds in which the Portfolio may invest and to otherwise buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Portfolio as permitted under the Portfolio's ’s investment policies. The Adviser shall from time to time make recommendations to the Fund's ’s Board of Trustees with respect to the Portfolio's ’s investment policies provided that the investment policies and all other actions of the Portfolio are and shall at all times be subject to the control and direction of the Fund's ’s Board of Trustees.

Investment Advisory Services. The Adviser undertakes to act as investment adviser of the Portfolio and shall, subject to the supervision of the Fund's ’s Board of Trustees, direct the investments of the Portfolio in accordance with the investment objective, policies and limitations as provided in the Portfolio's ’s Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 and rules thereunder, as amended from time to time (the "“1940 Act"”), and such other limitations as the Portfolio may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the Portfolio; and shall pay the salaries and fees of all officers of the Fund, of all Trustees of the Fund who are "“interested persons" ” of the Fund or of the Adviser and of all personnel of the Fund or the Adviser performing services relating to research, statistical and investment activities. The Adviser is authorized, in its discretion and without prior consultation with the Portfolio, to allocate the Portfolio's ’s assets among the various underlying Fidelity funds in which the Portfolio may invest and to otherwise buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Portfolio as permitted under the Portfolio's ’s investment policies. The Adviser shall from time to time make recommendations to the Fund's ’s Board of Trustees with respect to the Portfolio's ’s investment policies provided that the investment policies and all other actions of the Portfolio are and shall at all times be subject to the control and direction of the Fund's ’s Board of Trustees.