Common use of Restrictions on Voting Clause in Contracts

Restrictions on Voting. The Sponsor has contributed $200,000 (the “Initial Investment”) in exchange for the initial issuance of Shares of the Trust. The Sponsor or its Affiliates may not sell any of the Shares purchased with the Initial Investment while the Advisor acts in an advisory capacity to the Trust. The restrictions included above shall not apply to any Shares acquired by the Advisor or its Affiliates other than the Shares acquired through the Initial Investment. Neither the Advisor nor its Affiliates shall vote any Shares they now own, or hereafter acquires, in any vote for the election of Trustees or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.