Common use of Method of Calculation Clause in Contracts

Method of Calculation. Should the Transfer Agent fail to meet the above objective, it would result in a credit to monthly Per-Account Fees of the affected funds. Using the System reports for each fund, the Transfer Agent will calculate for each day during the month the average time by which the shareholder account records were accurately and completely updated and available for inquiry purposes, and for purposes of such calculation shall deem that on a day on which the system was not updated at all it was updated as of 5:00 p.m. Those numbers would be averaged for each week and compared to the schedule below to determine the total percentage credit to Per-Account Fees billed for the month. This credit information would then be passed to Dreyfus' Mutual Fund Accounting Department to be allocated to the Fund against the fees to be paid hereunder. Fee Credits: Average Weekly Performance for Each Week within the Period 1 Wk. 2Wks. 3Wks. 4Wks. 5Wks. Next Day After 7:30 a.m. to and including 9:00 a.m. .02% .06% .14% .25% .39% After 9:00 a.m. to and including 10:00 a.m. .14% .23% .35% .50% .70% After 10:00 a.m. .25% .39% .56% .75% 1.00%

Method of Calculation. Should the Transfer Agent fail to meet the above objective, it would result in a credit to monthly Per-Account Fees of the affected funds. Using the System reports for each fund, the Transfer Agent will calculate for each day during the month the average time by which the shareholder account records were accurately and completely updated and available for inquiry purposes, and for purposes of such calculation shall deem that on a day on which the system was not updated at all it was updated as of 5:00 p.m. Those numbers would be averaged for each week and compared to the schedule below to determine the total percentage credit to Per-Account Fees billed for the month. This credit information would then be passed to Dreyfus' Mutual Fund Accounting Department to be allocated to the Fund against the fees to be paid hereunder. Fee Credits: Average Weekly Performance for Each Week within the Period 1 Wk. 2Wks. 3Wks. 4Wks. 5Wks. Next Day After 7:30 a.m. to and including 9:00 a.m. .02a.m 02% .06% .14% .25% .39% After 9:00 a.m. to and including 10:00 a.m. .14a.m 14% .23% .35% .50% .70% After 10:00 a.m. .25a.m 25% .39% .56% .75% 1.00%