Common use of Transfer and Exchanges Clause in Contracts

Transfer and Exchanges. CFS will receive and process transfers of shares of each Trust and exchanges between the Trust and other investments as, and to the extent, permitted in the Prospectus of the Trust. If shares to be transferred are represented by outstanding certificates, CFS will, upon surrender to it of the certificates in proper form for transfer, credit the same to the transferee on its books. If shares are to be exchanged , CFS will process such exchange in the same manner as a redemption and sale of shares, in accordance with the Trust's Prospectus.