Common use of Rights of Withdrawal Clause in Contracts

Rights of Withdrawal. Tenders of Shares made pursuant to the Offer may be withdrawn at any time prior to the Expiration Date. After the Expiration Date (including any date to which the Offer is extended), all tenders made pursuant to the Offer are irrevocable. To be effective, a written notice of withdrawal must be timely received by the Subadministrator at its address set forth on the last page of this Offer to Purchase. Any notice of withdrawal must specify the name of the person who previously executed the particular Letter of Transmittal and the amount of Shares to be withdrawn, which must be all of the Shares tendered. All questions as to the form and validity, including time of receipt, of any notice of withdrawal will be determined by the Fund, in its sole discretion, which determination shall be final and binding. Neither the Fund, the Advisers, the Administrators, nor any other person shall be under any duty to give notification of any defects or irregularities in any notice of withdrawal nor shall any of the foregoing incur any liability for failure to give such notification. Any Shares properly withdrawn will be deemed not to have been validly tendered for purposes of the Offer. However, withdrawn Shares may be re-tendered by following the procedures described in Section 3 of this Offer to Purchase at any time prior to the Expiration Date. If the Fund is delayed in its acceptance for payment of Shares, or it is unable to accept for payment Shares tendered pursuant to the Offer, for any reason, then, without prejudice to the Fund's rights under this Offer, the Subadministrator may, on behalf of the Fund, retain tendered Shares, and such Shares may not be withdrawn except to the extent that tendering Shareholders are entitled to withdrawal rights as set forth in this Section 4.

Rights of Withdrawal. Tenders of Shares made pursuant to the Offer are irrevocable except that Shares tendered pursuant to the Offer may be withdrawn at any time on or prior to the Expiration DateDate and, unless theretofore accepted for payment by Purchaser pursuant to the Offer, may also be withdrawn at any time after June 23, 2003. After the Expiration Date (including There will be no withdrawal rights for Shares tendered during a Subsequent Offering Period. If, for any date to which the Offer is extended)reason whatsoever, all tenders made acceptance for payment of any Shares tendered pursuant to the Offer are irrevocableis delayed, or Purchaser is unable to accept for payment or pay for Shares tendered pursuant to the Offer, then, without prejudice to Purchaser's rights set forth herein, the Depositary may, on behalf of Purchaser, retain tendered Shares and such Shares may not be withdrawn except to the extent that the tendering stockholder is entitled to and duly exercises withdrawal rights as described in this Section 4. To Any such delay will, to the extent required by law, be by an extension of the Offer. In order for a withdrawal to be effective, a written written, telegraphic, telex or facsimile transmission notice of withdrawal must be timely received by the Subadministrator Depositary at one of its address addresses set forth on the last page back cover of this Offer to Purchase. Any such notice of withdrawal must specify the name of the person who previously executed having tendered the particular Letter of Transmittal and the amount of Shares to be withdrawn, the number of Shares to be withdrawn and the names in which the certificate(s) evidencing the Shares to be withdrawn are registered, if different from that of the person who tendered such Shares. The signature(s) on the notice of withdrawal must be all guaranteed by an Eligible Institution, unless such Shares have been tendered for the account of an Eligible Institution. If Shares have been tendered pursuant to the procedures for book-entry transfer as set forth in "Section 3--Procedures for Tendering Shares," any notice of withdrawal must specify the name and number of the account at the Book-Entry Transfer Facility to be credited with the withdrawn Shares. If certificates for Shares tenderedto be withdrawn have been delivered or otherwise identified to the Depositary, the name of the registered holder and the serial numbers of the particular certificates evidencing the Shares to be withdrawn must also be furnished to the Depositary as aforesaid prior to the physical release of such certificates. Withdrawals of tendered Shares may not be rescinded, and any Shares properly withdrawn will thereafter be deemed not to have been validly tendered for any purposes of the Offer. However, withdrawn Shares may be re-tendered by following one of the procedures described in "Section 3--Procedures for Tendering Shares" at any time on or prior to the Expiration Date. All questions as to the form and validity, validity (including time of receipt, ) of any notice of withdrawal will be determined by the FundPurchaser, in its sole discretion, which determination shall determinations will be final and binding. Neither the FundNone of Crane, Purchaser, the AdvisersDepositary, the Administrators, nor Information Agent or any other person shall will be under any duty to give notification of any defects or irregularities in any notice of withdrawal nor shall any of the foregoing incur or have any liability for failure to give such notification. Any Shares properly withdrawn will be deemed not to have been validly tendered for purposes of the Offer. However, withdrawn Shares may be re-tendered by following the procedures described in Section 3 of this Offer to Purchase at any time prior to the Expiration Date. If the Fund is delayed in its acceptance for payment of Shares, or it is unable to accept for payment Shares tendered pursuant to the Offer, for any reason, then, without prejudice to the Fund's rights under this Offer, the Subadministrator may, on behalf of the Fund, retain tendered Shares, and such Shares may not be withdrawn except to the extent that tendering Shareholders are entitled to withdrawal rights as set forth in this Section 4.

Rights of Withdrawal. Tenders of Shares made pursuant to the Offer are irrevocable except that Shares tendered pursuant to the Offer may be withdrawn pursuant to the procedures set forth below at any time prior to the Expiration Date. After Date and, unless theretofore accepted for payment and paid for by the Expiration Date (including any date to which the Offer is extended), all tenders made Purchaser pursuant to the Offer are irrevocableOffer, may also be withdrawn at any time after July 3, 2000. To For a withdrawal to be effective, a written written, telegraphic, telex or facsimile transmission notice of withdrawal must be timely received by the Subadministrator Depositary at one of its address addresses set forth on the last page back cover of this Offer to Purchase. Any notice of withdrawal Purchase and must specify the name of the person who previously executed having tendered the particular Letter of Transmittal and the amount of Shares to be withdrawn, which must the number of Shares to be all withdrawn and the name of the registered holder of the Shares tenderedto be withdrawn, if different from the name of the person who tendered the Shares. If certificates evidencing Shares to be withdrawn have been delivered or otherwise identified to the Depositary, then, prior to the physical release of such certificates, the serial numbers shown on such certificates must be submitted to the Depositary and, unless such Shares have been tendered by an Eligible Institution, the signature(s) on the notice of withdrawal must be guaranteed by an Eligible Institution. If Shares have been delivered pursuant to the procedures for book-entry transfer as set forth in Section 3, any notice of withdrawal must also specify the name and number of the account at the Book-Entry Transfer Facility to be credited with the withdrawn Shares and otherwise comply with the Book-Entry Transfer Facility's procedures. All questions as to the form and validity, validity (including time of receipt, ) of any notice notices of withdrawal will be determined by the Fund, Purchaser in its sole discretion, which determination shall will be final and binding. Neither None of the FundPurchaser, Numico, the AdvisersDepositary, the AdministratorsInformation Agent, nor the Dealer Manager or any other person shall will be under any duty to give notification of any defects or irregularities in any notice of withdrawal nor shall any of the foregoing or incur any liability for failure to give any such notification. Any Withdrawals of tenders of Shares may not be rescinded, and any Shares properly withdrawn will thereafter be deemed not to have been validly tendered for purposes of the Offer. However, withdrawn Shares may be re-tendered retendered by again following one of the procedures described in Section 3 of this Offer to Purchase at any time prior to the Expiration Date. If the Fund Purchaser extends the Offer, is delayed in its acceptance for payment of Shares, or it is unable to accept for payment Shares tendered pursuant to the Offer, for any reason, then, without prejudice to the FundPurchaser's rights under this the Offer, the Subadministrator Depositary may, nevertheless, on behalf of the FundPurchaser, retain tendered Shares, and such Shares may not be withdrawn except to the extent that tendering Shareholders shareholders are entitled to withdrawal rights as set forth in this Section 4. Any such delay will be an extension of the Offer to the extent required by applicable rules and regulations. In the event the Purchaser provides a Subsequent Offering Period following the Offer, no withdrawal rights will apply to Shares tendered during such Subsequent Offering Period or to Shares tendered in the Offer and accepted for payment.

Rights of Withdrawal. Tenders of Shares made pursuant to the Offer are irrevocable except that Shares tendered pursuant to the Offer may be withdrawn at any time prior to the Expiration Date. After , and, unless therefore accepted for payment by the Expiration Date (including any date to which the Offer is extended), all tenders made Fund pursuant to the Offer are irrevocableOffer, may also be withdrawn at any time after March 5, 1997. To be effective, a written written, telegraphic, telex or facsimile transmission notice of withdrawal must be timely received by the Subadministrator Depository at one of its address addresses set forth on the last page 17 of this Offer to Purchase. Any notice of withdrawal must specify the name of the person who previously executed having tendered the particular Letter of Transmittal and the amount of Shares to be withdrawn, the number of Shares to be withdrawn and the names in which the Shares to be withdrawn are registered. The signature(s) on the notice of withdrawal must be all guaranteed by an Eligible Institution. If certificates have been delivered to the Depository, the name of the registered holder and the serial numbers of the particular certificates evidencing the Shares tenderedwithdrawn must also be furnished to the Depository as aforesaid prior to the physical release of such certificates. All questions as to the form and validity, validity (including time of receipt, ) of any notice of withdrawal will be determined by the Fund, in its sole discretion, which determination shall be final and binding. Neither None of the Fund, the AdvisersInvestment Adviser, the AdministratorsDepository, nor or any other person shall will be under any duty to give notification of any defects or irregularities in any notice of withdrawal nor shall any of the foregoing or incur any liability for failure to give such notification. Any Shares properly withdrawn will be deemed not to have been validly tendered for purposes of the Offer. However, withdrawn Shares may be re-tendered retendered by following the procedures described in Section 3 of this Offer to Purchase at any time prior to the Expiration Date. If the Fund is delayed in its acceptance for payment of Shares, or it is unable to accept for payment Shares tendered pursuant to the Offer, for any reason, then, without prejudice to the Fund's rights under this Offer, the Subadministrator Depository may, nevertheless, on behalf of the Fund, retain tendered Shares, and such Shares may not be withdrawn except to the extent that tendering Shareholders shareholders are entitled to withdrawal rights as set forth in this Section 4.

Rights of Withdrawal. Tenders of Shares made pursuant to the Offer are irrevocable, except that Shares tendered pursuant to the Offer may be withdrawn pursuant to the procedures set forth below at any time prior to the Expiration Date. After Date and, unless theretofore accepted for payment by the Expiration Date Purchaser pursuant to the Offer, may also be withdrawn at any time after Monday, December 18, 2000 (including any or such later date to which as may apply if the Offer is extended), all tenders made pursuant . For a withdrawal to the Offer are irrevocable. To be effective, a written written, telegraphic or facsimile transmission notice of withdrawal must be timely received by the Subadministrator Depositary at one of its address addresses set forth on the last page back cover of this Offer to Purchase. Any notice of withdrawal Purchase and must specify the name, address and TIN of the person having tendered the Shares to be withdrawn, the number of Shares to be withdrawn and the name of the registered holder of the Shares to be withdrawn, if different from the name of the person who previously executed the particular Letter of Transmittal and the amount of tendered such Shares. If certificates evidencing Shares to be withdrawnwithdrawn have been delivered or otherwise identified to the Depositary, which then, prior to the physical release of such certificates, the serial numbers shown on such certificates must be all submitted to the Depositary and, unless such Shares have been tendered for the account of an Eligible Institution, the signature(s) on the notice of withdrawal must be guaranteed by an Eligible Institution. If Shares have been delivered pursuant to the procedures for book-entry transfer as set forth in Section 3, any notice of withdrawal must also specify the name and number of the account at the Book-Entry Transfer Facility to be credited with the withdrawn Shares tenderedand otherwise comply with the Book-Entry Transfer Facility's procedures. All questions as to the form and validity, validity (including time of receipt, ) of any notice notices of withdrawal will be determined by the FundPurchaser, in its sole discretion, which whose determination shall will be final and binding. Neither None of the FundPurchaser, Technical Olympic, the AdvisersDepositary, the AdministratorsInformation Agent, nor the Dealer Manager or any other person shall will be under any duty to give notification of any defects or irregularities in any notice of withdrawal nor shall any of the foregoing or incur any liability for failure to give any such notification. Any Withdrawals of tenders of Shares may not be rescinded, and any Shares properly withdrawn will thereafter be deemed not to have been validly tendered for purposes of the Offer. However, withdrawn Shares may be re-tendered by following one of the procedures described in Section 3 of this Offer to Purchase at any time prior to the Expiration Date. If the Fund Purchaser extends the Offer, is delayed in its acceptance for payment of Shares, or it is unable to accept for payment Shares tendered pursuant to the Offer, Offer for any reason, then, without prejudice to the FundPurchaser's rights under this the Offer, the Subadministrator Depositary may, nevertheless, on behalf of the FundPurchaser, retain tendered Shares, and such Shares may not be withdrawn except to the extent that tendering Shareholders shareholders are entitled to withdrawal rights as set forth in this Section 4. Any such delay will be an extension of the Offer to the extent required by applicable rules and regulations.

Rights of Withdrawal. Tenders of Shares made pursuant to the Offer are irrevocable except that Shares tendered pursuant to the Offer may be withdrawn at any time prior to the Expiration Date. After , and, unless therefore accepted for payment by the Expiration Date (including any date to which the Offer is extended), all tenders made Fund pursuant to the Offer are irrevocableOffer, may also be withdrawn at any time after December 6, 1995. To be effective, a written written, telegraphic, telex or facsimile transmission notice of withdrawal must be timely received by the Subadministrator Depository at one of its address addresses set forth on the last page 17 of this Offer to Purchase. Any notice of withdrawal must specify the name of the person who previously executed having tendered the particular Letter of Transmittal and the amount of Shares to be withdrawn, the number of Shares to be withdrawn and the names in which the Shares to be withdrawn are registered. The signature(s) on the notice of withdrawal must be all guaranteed by an Eligible Institution. If certificates have been delivered to the Depository, the name of the registered holder and the serial numbers of the particular certificates evidencing the Shares tenderedwithdrawn must also be furnished to the Depository as aforesaid prior to the physical release of such certificates. All questions as to the form and validity, validity (including time of receipt, ) of any notice of withdrawal will be determined by the Fund, in its sole discretion, which determination shall be final and binding. Neither None of the Fund, the AdvisersInvestment Adviser, the AdministratorsDepository, nor or any other person shall will be under any duty to give notification of any defects or irregularities in any notice of withdrawal nor shall any of the foregoing or incur any liability for failure to give such notification. Any Shares properly withdrawn will be deemed not to have been validly tendered for purposes of the Offer. However, withdrawn Shares may be re-tendered retendered by following the procedures described in Section 3 of this Offer to Purchase at any time prior to the Expiration Date. If the Fund is delayed in its acceptance for payment of Shares, or it is unable to accept for payment Shares tendered pursuant to the Offer, for any reason, then, without prejudice to the Fund's rights under this Offer, the Subadministrator Depository may, nevertheless, on behalf of the Fund, retain tendered Shares, and such Shares may not be withdrawn except to the extent that tendering Shareholders shareholders are entitled to withdrawal rights as set forth in this Section 4.

Rights of Withdrawal. Tenders of Shares Interests made pursuant to the Offer may be withdrawn at any time prior to 11:59 p.m., Eastern time, on August 30, 2002 (the "Expiration Date") (or if the Expiration Date is extended, at any time prior to 11:59 p.m., Eastern time, on the new Expiration Date). After the Expiration Date Date, (including any date to which the Offer is extended), ) all tenders made pursuant to the Offer are irrevocable. To be effective, a written written, telegraphic or facsimile transmission notice of withdrawal must be timely received by the Subadministrator PFPC at its address set forth on the last page of this Offer to Purchase. Any notice of withdrawal must specify the name of the person who previously executed the particular Letter of Transmittal and the amount of Shares the Interest to be withdrawn, which must be all of the Shares Interest tendered. All questions as to the form and validity, including time of receipt, of any notice of withdrawal will be determined by the Fund, in its sole discretion, which determination shall be final and binding. Neither the Fund, the Fund's Investment Advisers, the AdministratorsSubadministrator, nor any other person shall be under any duty to give notification of any defects or irregularities in any notice of withdrawal nor shall any of the foregoing incur any liability for failure to give such notification. Any Shares Interests properly withdrawn will be deemed not to have been validly tendered for purposes of the Offer. However, withdrawn Shares Interests may be re-tendered by following the procedures described in Section 3 of this Offer to Purchase at any time prior to the Expiration Date. If the Fund is delayed in its acceptance for payment of SharesInterests, or it is unable to accept for payment Shares Interests tendered pursuant to the Offer, for any reason, then, without prejudice to the Fund's rights under this Offer, the Subadministrator PFPC may, on behalf of the Fund, retain tendered SharesInterests, and such Shares Interests may not be withdrawn except to the extent that tendering Shareholders Members are entitled to withdrawal rights as set forth in this Section 4.

Rights of Withdrawal. Tenders of Shares made pursuant to the Offer are irrevocable except that Shares tendered pursuant to the Offer may be withdrawn at any time prior to the Expiration Date. After , and, unless therefore accepted for payment by the Expiration Date (including any date to which the Offer is extended), all tenders made Fund pursuant to the Offer are irrevocableOffer, may also be withdrawn at any time after June 3, 1997. To be effective, a written written, telegraphic, telex or facsimile transmission notice of withdrawal must be timely received by the Subadministrator Depository at one of its address addresses set forth on the last page 17 of this Offer to Purchase. Any notice of withdrawal must specify the name of the person who previously executed having tendered the particular Letter of Transmittal and the amount of Shares to be withdrawn, the number of Shares to be withdrawn and the names in which the Shares to be withdrawn are registered. The signature(s) on the notice of withdrawal must be all guaranteed by an Eligible Institution. If certificates have been delivered to the Depository, the name of the registered holder and the serial numbers of the particular certificates evidencing the Shares tenderedwithdrawn must also be furnished to the Depository as aforesaid prior to the physical release of such certificates. All questions as to the form and validity, validity (including time of receipt, ) of any notice of withdrawal will be determined by the Fund, in its sole discretion, which determination shall be final and binding. Neither None of the Fund, the AdvisersInvestment Adviser, the AdministratorsDepository, nor or any other person shall will be under any duty to give notification of any defects or irregularities in any notice of withdrawal nor shall any of the foregoing or incur any liability for failure to give such notification. Any Shares properly withdrawn will be deemed not to have been validly tendered for purposes of the Offer. However, withdrawn Shares may be re-tendered retendered by following the procedures described in Section 3 of this Offer to Purchase at any time prior to the Expiration Date. If the Fund is delayed in its acceptance for payment of Shares, or it is unable to accept for payment Shares tendered pursuant to the Offer, for any reason, then, without prejudice to the Fund's rights under this Offer, the Subadministrator Depository may, nevertheless, on behalf of the Fund, retain tendered Shares, and such Shares may not be withdrawn except to the extent that tendering Shareholders shareholders are entitled to withdrawal rights as set forth in this Section 4.

Rights of Withdrawal. Tenders of Shares made pursuant to the Offer are irrevocable except that Shares tendered pursuant to the Offer may be withdrawn at any time prior to the Expiration Date. After , and, unless therefore accepted for payment by the Expiration Date (including any date to which the Offer is extended), all tenders made Fund pursuant to the Offer are irrevocableOffer, may also be withdrawn at any time after March 5, 1996. To be effective, a written written, telegraphic, telex or facsimile transmission notice of withdrawal must be timely received by the Subadministrator Depository at one of its address addresses set forth on the last page 17 of this Offer to Purchase. Any notice of withdrawal must specify the name of the person who previously executed having tendered the particular Letter of Transmittal and the amount of Shares to be withdrawn, the number of Shares to be withdrawn and the names in which the Shares to be withdrawn are registered. The signature(s) on the notice of withdrawal must be all guaranteed by an Eligible Institution. If certificates have been delivered to the Depository, the name of the registered holder and the serial numbers of the particular certificates evidencing the Shares tenderedwithdrawn must also be furnished to the Depository as aforesaid prior to the physical release of such certificates. All questions as to the form and validity, validity (including time of receipt, ) of any notice of withdrawal will be determined by the Fund, in its sole discretion, which determination shall be final and binding. Neither None of the Fund, the AdvisersInvestment Adviser, the AdministratorsDepository, nor or any other person shall will be under any duty to give notification of any defects or irregularities in any notice of withdrawal nor shall any of the foregoing or incur any liability for failure to give such notification. Any Shares properly withdrawn will be deemed not to have been validly tendered for purposes of the Offer. However, withdrawn Shares may be re-tendered retendered by following the procedures described in Section 3 of this Offer to Purchase at any time prior to the Expiration Date. If the Fund is delayed in its acceptance for payment of Shares, or it is unable to accept for payment Shares tendered pursuant to the Offer, for any reason, then, without prejudice to the Fund's rights under this Offer, the Subadministrator Depository may, nevertheless, on behalf of the Fund, retain tendered Shares, and such Shares may not be withdrawn except to the extent that tendering Shareholders shareholders are entitled to withdrawal rights as set forth in this Section 4.

Rights of Withdrawal. Tenders of the Shares made pursuant to the Offer are irrevocable except that Shares tendered pursuant to the Offer may be withdrawn at any time prior to the Expiration Date. After expiration of the Expiration Date (including any date to which the Offer is extended)Offering Period and, all tenders made unless theretofore accepted for payment by OrthoStrategies pursuant to the Offer are irrevocableOffer, may also be withdrawn at any time after Sunday, March 11, 2001. To For a withdrawal to be effective, a written written, telegraphic, telex or facsimile transmission notice of withdrawal must be timely received by the Subadministrator Depositary at its address set forth on the last page back cover of this Offer to Purchase. Any such notice of withdrawal must specify the name of the person who previously executed having tendered the particular Letter of Transmittal and the amount of Shares to be withdrawn, which must be all the number of the Shares tenderedto be withdrawn and the names in which the certificate(s) evidencing the Shares to be withdrawn are registered, if different from that of the person who tendered such Shares. The signature(s) on the notice of withdrawal must be guaranteed by an Eligible Institution, unless such Shares have been tendered for the account of an Eligible Institution. If Shares have been tendered pursuant to the procedures for Book-Entry Transfer as set forth in Section 3, any notice of withdrawal must specify the name and number of the account at the Book-Entry Transfer Facility to be credited with the withdrawn Shares. If certificates for the Shares to be withdrawn have been delivered or otherwise identified to the Depositary, the name of the registered holder and the serial numbers of the particular certificates evidencing the Shares to be withdrawn must also be furnished to the Depositary as aforesaid prior to the physical release of such certificates. All questions as to the form and validity, validity (including time of receipt, ) of any notice of withdrawal will be determined by the FundOrthoStrategies, in its sole discretion, which determination shall will be final and binding. Neither the FundNone of OrthoStrategies, the AdvisersDepositary, the AdministratorsInformation Agent, nor or any other person shall will be under any duty to give notification of any defects or irregularities in any notice of withdrawal nor shall any of the foregoing or incur any liability for failure to give such notification. Any Withdrawals of tendered Shares may not be rescinded, and any Shares properly withdrawn will be deemed not to have been validly tendered for purposes of the Offer. However, withdrawn Shares may be re-tendered retendered by following any one of the procedures described in Section 3 of this Offer to Purchase at any time prior to the Expiration Date. If OrthoStrategies extends the Fund Offer, is delayed in its acceptance for payment of any Shares, or it is unable to accept for payment any Shares tendered pursuant to the Offer, Offer for any reason, then, without prejudice to the Fund's OrthoStrategies rights under this Offer, the Subadministrator Depositary may, nevertheless, on behalf of the FundOrthoStrategies, retain tendered Shares, and but such Shares may not be withdrawn except to the extent that tendering Shareholders shareholders are entitled to withdrawal rights as set forth in this Section 4.

Rights of Withdrawal. Tenders of Shares made pursuant to the Offer are irrevocable except that Shares tendered pursuant to the Offer may be withdrawn pursuant to the procedures set forth below at any time prior to the Expiration Date. After Date and, unless theretofore accepted for payment and paid for by the Expiration Date (including any date to which the Offer is extended), all tenders made Purchaser pursuant to the Offer are irrevocableOffer, may also be withdrawn at any time after September 6, 1999. To For a withdrawal to be effective, a written written, telegraphic, telex or facsimile transmission notice of withdrawal must be timely received by the Subadministrator Depositary at one of its address addresses set forth on the last page back cover of this Offer to Purchase. Any notice of withdrawal Purchase and must specify the name of the person who previously executed having tendered the particular Letter of Transmittal and the amount of Shares to be withdrawn, which must the number of Shares to be all withdrawn and the name of the registered holder of the Shares tenderedto be withdrawn, if different from the name of the person who tendered the Shares. If certificates for Shares have been delivered or otherwise identified to the Depositary, then, prior to the physical release of such certificates, the serial numbers shown on such certificates must be submitted to the Depositary and, unless such Shares have been tendered by an Eligible Institution, the signatures on the notice of withdrawal must be guaranteed by an Eligible Institution. If Shares have been delivered pursuant to the procedure for book-entry transfer as set forth in Section 3, any notice of withdrawal must also specify the name and number of the account at the Book-Entry Transfer Facility to be credited with the withdrawn Shares and otherwise comply with the Book-Entry Transfer Facility's procedures. All questions as to the form and validity, validity (including time of receipt, ) of any notice notices of withdrawal will be determined by the Fund, Purchaser in its sole discretion, which determination shall will be final and binding. Neither None of the FundPurchaser, Numico, the AdvisersDepositary, the AdministratorsInformation Agent, nor the Dealer Manager or any other person shall will be under any duty to give notification of any defects or irregularities in any notice of withdrawal nor shall any of the foregoing or incur any liability for failure to give any such notification. Any Withdrawals of tenders of Shares may not be rescinded, and any Shares properly withdrawn will thereafter be deemed not to have been validly tendered for purposes of the Offer. However, withdrawn Shares may be re-tendered retendered by again following one of the procedures described in Section 3 of this Offer to Purchase at any time prior to the Expiration Date. If the Fund Purchaser extends the Offer, is delayed in its acceptance for payment of Shares, or it is unable to accept for payment Shares tendered pursuant to the Offer, for any reason, then, without prejudice to the FundPurchaser's rights under this the Offer, the Subadministrator Depositary may, nevertheless, on behalf of the FundPurchaser, retain tendered Shares, and such Shares may not be withdrawn except to the extent that tendering Shareholders stockholders are entitled to withdrawal rights as set forth in this Section 4.

Rights of Withdrawal. Tenders of Shares made pursuant to the Offer are irrevocable except that Shares tendered pursuant to the Offer may be withdrawn at any time prior to the expiration of the Offering Period and, unless theretofore accepted for payment by Purchaser pursuant to the Offer, may also be withdrawn at any time after the Expiration Date. After the Expiration Date (including any date For a withdrawal to which the Offer is extended), all tenders made pursuant to the Offer are irrevocable. To be effective, a written written, telegraphic, telex or facsimile transmission notice of withdrawal must be timely received by the Subadministrator Depositary at one of its address addresses set forth on the last page back cover of this Offer to Purchase. Any such notice of withdrawal must specify the name of the person who previously executed having tendered the particular Letter of Transmittal and Shares to be withdrawn, the number or amount of Shares to be withdrawnwithdrawn and the names in which the certificate(s) evidencing the Shares to be withdrawn are registered, which if different from that of the person who tendered such Shares. The signature(s) on the notice of withdrawal must be all guaranteed by an Eligible Institution, unless such Shares have been tendered for the account of any Eligible Institution. If Shares have been tendered pursuant to the procedures for book-entry tender as set forth in Section 3, "The Offer--Procedure for Tendering Shares," any notice of withdrawal must specify the name and number of the account at the Book-Entry Transfer Facility to be credited with the withdrawn Shares. If certificates for Shares tenderedto be withdrawn have been delivered or otherwise identified to the Depositary, the name of the registered holder and the serial numbers of the particular certificates evidencing the Shares to be withdrawn must also be furnished to the Depositary as aforesaid prior to the physical release of such certificates. All questions as to the form and validity, validity (including time of receipt, ) of any notice of withdrawal will be determined by the FundPurchaser, in its sole discretion, which determination shall be final and binding. Neither the FundNone of Continuing Shareholders, Purchaser, the AdvisersDepositary, the Administrators, nor Information Agent or any other person shall will be under any duty to give notification of any defects or irregularities in any notice of withdrawal nor shall any of the foregoing or incur any liability for failure to give such notification. Any Withdrawals of tenders of Shares may not be rescinded, and any Shares properly withdrawn will be deemed not to have been validly tendered for purposes of the Offer. However, withdrawn Shares may be re-tendered retendered by following one of the procedures described in Section 3 of this Offer to Purchase 3, "The Offer--Procedure for Tendering Shares," at any time prior to the Expiration Date. If Purchaser extends the Fund Offer, is delayed in its acceptance for payment of Shares, or it is unable to accept for payment Shares tendered pursuant to the Offer, for any reason, then, without prejudice to the FundPurchaser's rights under this Offer, the Subadministrator Depositary may, nevertheless, on behalf of the FundPurchaser, retain tendered Shares, and such Shares may not be withdrawn except to the extent that tendering Shareholders shareholders are entitled to withdrawal rights as set forth in this Section 4. Any such delay will be accompanied by an extension of the Offer to the extent required by law.

Rights of Withdrawal. Tenders of Shares made pursuant to the Offer are irrevocable except that Shares tendered pursuant to the Offer may be withdrawn at any time prior to the Expiration Date. After expiration of the Expiration Date (including any date to which the Offer is extended)Offering Period and, all tenders made unless theretofore accepted for payment by Purchaser pursuant to the Offer are irrevocableOffer, may also be withdrawn at any time after May 3, 2002. To There will be no withdrawal rights during any Subsequent Offering Period for Shares tendered during the Subsequent Offering Period. For a withdrawal to be effective, a written written, telegraphic, telex or facsimile transmission notice of withdrawal must be timely received by the Subadministrator Depositary at one of its address addresses set forth on the last page back cover of this Offer to Purchase. Any such notice of withdrawal must specify the name of the person who previously executed 36 having tendered the particular Letter of Transmittal and Shares to be withdrawn, the number or amount of Shares to be withdrawnwithdrawn and the names in which the certificate(s) evidencing the Shares to be withdrawn are registered, which if different from that of the person who tendered such Shares. The signature(s) on the notice of withdrawal must be all guaranteed by an Eligible Institution, unless such Shares have been tendered for the account of any Eligible Institution. If Shares have been tendered pursuant to the procedures for book-entry tender as set forth in Section 3, "The Offer--Procedure for Tendering Shares," any notice of withdrawal must specify the name and number of the account at the Book-Entry Transfer Facility to be credited with the withdrawn Shares. If certificates for Shares tenderedto be withdrawn have been delivered or otherwise identified to the Depositary, the name of the registered holder and the serial numbers of the particular certificates evidencing the Shares to be withdrawn must also be furnished to the Depositary as aforesaid prior to the physical release of such certificates. All questions as to the form and validity, validity (including time of receipt, ) of any notice of withdrawal will be determined by the FundPurchaser, in its sole discretion, which determination shall be final and binding. Neither the FundNone of Sabre, Purchaser, the AdvisersDepositary, the Administrators, nor Information Agent or any other person shall will be under any duty to give notification of any defects or irregularities in any notice of withdrawal nor shall any of the foregoing or incur any liability for failure to give such notification. Any Withdrawals of tender for Shares may not be rescinded, and any Shares properly withdrawn will be deemed not to have been validly tendered for purposes of the Offer. However, withdrawn Shares may be re-tendered retendered by following one of the procedures described in Section 3 of this Offer to Purchase 3, "The Offer--Procedure for Tendering Shares," at any time prior to the Expiration DateDate or during a Subsequent Offering Period if one is provided. If Purchaser extends the Fund Offer, is delayed in its acceptance for payment of Shares, or it is unable to accept for payment Shares tendered pursuant to the Offer, for any reason, then, without prejudice to the FundPurchaser's rights under this Offer, the Subadministrator Depositary may, nevertheless, on behalf of the FundPurchaser, retain tendered Shares, and such Shares may not be withdrawn except to the extent that tendering Shareholders stockholders are entitled to withdrawal rights as set forth in this Section 4. Any such delay will be accompanied by an extension of the Offer to the extent required by law.