Support Agreement with AffiliateSupport Agreement • August 28th, 2009 • Mount Vernon Securities Lending Trust
An affiliate of the portfolio’s advisor (the “support provider”) entered into a support agreement (the “agreement”) with the portfolio that would prevent any losses realized on the portfolio's receivable for its Primary Fund redemption proceeds (up to a maximum loss on the receivable of $27,850) from causing the price at which the portfolio purchases and redeems its shares to drop below $1.00 per share. Generally, upon a sale or other ultimate disposition of the receivable, or receipt of payment on the receivable that is less than the face amount of the receivable, the agreement obligates the support provider to make a cash contribution to the portfolio, up to the loss incurred upon the disposition, and subject to the maximum loss noted above, sufficient to restore the portfolio’s market based net asset value per share to a level that would allow the portfolio to purchase and redeem its shares at $1.00 per share. The agreement terminates on October 31, 2009. The portfolio is obligated
