Common use of Investment Subadvisory Services Clause in Contracts

Investment Subadvisory Services. Subject to the supervision of the Company’s Board of Directors (“Board”) and the Adviser, TRP Singapore shall act as the investment subadviser and shall supervise and direct the investments of the Funds specified by the Adviser from time to time in accordance with the Fund’s investment objectives, policies, and restrictions as provided in the Fund’s Prospectus and Statement of Additional Information, as currently in effect and as amended or supplemented from time to time (hereinafter referred to as the “Prospectus”), and such other limitations as the Fund or Adviser may impose by notice in writing to TRP Singapore. TRP Singapore shall obtain and evaluate such information relating to the economy, industries, businesses, securities markets, and securities as it may deem necessary or useful in the discharge of its obligations hereunder and shall formulate and implement a continuing program for the management of the assets and resources of the Fund allocated to TRP Singapore in a manner consistent with the Fund’s investment objective(s), policies, and restrictions. The Adviser agrees that TRP Singapore may delegate trading execution and related reporting functions to the trading desk of an affiliate (“Affiliated Trading Desk”). In furtherance of this duty, TRP Singapore, on behalf of the Fund is authorized to:

Investment Subadvisory Services. Subject to the supervision of the Company’s Funds’ Board of Directors (“Board”) and the Adviser, TRP Singapore shall act as the investment subadviser and shall supervise and direct the investments of the Funds specified by the Adviser from time to time in accordance with the Fund’s Funds’ investment objectives, policies, and restrictions as provided in each of the Fund’s Prospectus and Statement of Additional Information, as currently in effect and as amended or supplemented from time to time (hereinafter referred to as the “Prospectus”), and such other limitations as the Fund Funds or Adviser may impose by notice in writing to TRP Singaporethe Subadviser. TRP Singapore shall obtain and evaluate such information relating to the economy, industries, businesses, securities markets, and securities as it may deem necessary or useful in the discharge of its obligations hereunder and shall formulate and implement a continuing program for the management of the assets and resources of the Fund Funds allocated to TRP Singapore in a manner consistent with the Fund’s Funds’ investment objective(s), policies, and restrictions. The Adviser agrees that TRP Singapore may delegate trading execution and related reporting functions to the trading desk of an affiliate (“Affiliated Trading Desk”). In furtherance of this duty, TRP Singapore, on behalf of the Fund Funds is authorized to:

Investment Subadvisory Services. Subject to the supervision of the Company’s Board of Directors (“Board”) and the Adviser, TRP Singapore shall act as the investment subadviser and shall supervise and direct the investments of the Funds Fund specified by the Adviser from time to time in accordance with the Fund’s investment objectives, policies, and restrictions as provided in the Fund’s Prospectus and Statement of Additional Information, as currently in effect and as amended or supplemented from time to time (hereinafter referred to as the “Prospectus”), and such other limitations as the Fund or Adviser may impose by notice in writing to TRP Singaporethe Subadviser. TRP Singapore shall obtain and evaluate such information relating to the economy, industries, businesses, securities markets, and securities as it may deem necessary or useful in the discharge of its obligations hereunder and shall formulate and implement a continuing program for the management of the assets and resources of the Fund allocated to TRP Singapore in a manner consistent with the Fund’s investment objective(s), policies, and restrictions. The Adviser agrees that TRP Singapore may delegate trading execution and related reporting functions to the trading desk of an affiliate (“Affiliated Trading Desk”). In furtherance of this duty, TRP Singapore, on behalf of the Fund is authorized to: