LOSSES ASSOCIATED WITH SPECIFIED PROPERTY OR OBLIGATIONS AND, TO THE
EXTENT PROVIDED IN THE GOVERNING INSTRUMENT, ANY SERIES MAY HAVE A
SEPARATE BUSINESS PURPOSE OR INVESTMENT OBJECTIVE;

(3) MAY PROVIDE FOR THE TAKING OF ANY ACTION, INCLUDING THE
AMENDMENT OF THE GOVERNING INSTRUMENT, THE ACCOMPLISHMENT OF A
MERGER OR CONSOLIDATION, THE APPOINTMENT OF ONE OR MORE TRUSTEES, THE
SALE, LEASE, EXCHANGE, TRANSFER, PLEDGE, OR OTHER DISPOSITION OF ALL OR
ANY PART OF THE ASSETS OF THE BUSINESS TRUST OR THE ASSETS OF ANY SERIES,
OR THE DISSOLUTION OF THE BUSINESS TRUST, OR MAY PROVIDE FOR THE TAKING
OF ANY ACTION TO CREATE, UNDER THE PROVISIONS OF THE GOVERNING
INSTRUMENT, A CLASS, GROUP, OR SERIES OF BENEFICIAL INTERESTS THAT WAS
NOT PREVIOUSLY OUTSTANDING, IN ANY SUCH CASE WITHOUT THE VOTE OR
APPROVAL OF ANY PARTICULAR TRUSTEE OR BENEFICIAL OWNER, OR CLASS,
GROUP, OR SERIES OF TRUSTEES OR BENEFICIAL OWNERS;

(4) MAY GRANT TO, OR WITHHOLD FROM, ALL OR CERTAIN TRUSTEES
OR BENEFICIAL OWNERS, OR A SPECIFIED CLASS, GROUP, OR SERIES OF TRUSTEES
OR BENEFICIAL OWNERS, THE RIGHT TO VOTE, SEPARATELY OR WITH ANY OR ALL
OTHER CLASSES, GROUPS, OR SERIES OF TRUSTEES OR BENEFICIAL OWNERS, ON
ANY MATTER, SUCH VOTING BEING ON A PER CAPITA, NUMBER, FINANCIAL
INTEREST, CLASS, GROUP, SERIES, OR ANY OTHER BASIS;

(5) MAY, IF AND TO THE EXTENT THAT VOTING RIGHTS ARE GRANTED
UNDER THE GOVERNING INSTRUMENT, SET FORTH PROVISIONS RELATING TO
NOTICE OF THE TIME, PLACE, OR PURPOSE OF ANY MEETING AT WHICH ANY MATTER
IS TO BE VOTED ON, WAIVER OF ANY SUCH NOTICE, ACTION BY CONSENT WITHOUT A
MEETING, THE ESTABLISHMENT OF RECORD DATES, QUORUM REQUIREMENTS,
VOTING IN PERSON, BY PROXY OR IN ANY OTHER MANNER, OR ANY OTHER MATTER
WITH RESPECT TO THE EXERCISE OF THE RIGHT TO VOTE;

(6) MAY PROVIDE FOR THE PRESENT OR FUTURE CREATION OF MORE
THAN ONE BUSINESS TRUST, INCLUDING THE CREATION OF A FUTURE BUSINESS
TRUST TO WHICH ALL OR ANY PART OF THE ASSETS, LIABILITIES, PROFITS, OR
LOSSES OF ANY EXISTING BUSINESS TRUST WILL BE TRANSFERRED, AND FOR THE
CONVERSION OF BENEFICIAL INTERESTS IN AN EXISTING BUSINESS TRUST OR
SERIES, INTO BENEFICIAL INTERESTS IN THE SEPARATE BUSINESS TRUST OR
SERIES; AND

(7) MAY PROVIDE FOR THE APPOINTMENT, ELECTION, OR
ENGAGEMENT, EITHER AS AGENTS OR INDEPENDENT CONTRACTORS OF THE
BUSINESS TRUST OR AS DELEGATES OF THE TRUSTEES, OF OFFICERS, EMPLOYEES,
MANAGERS, OR OTHER PERSONS WHO MAY MANAGE THE BUSINESS AND AFFAIRS OF
THE BUSINESS TRUST AND MAY HAVE THE TITLES AND THE RELATIVE RIGHTS,
POWERS, AND DUTIES AS THE GOVERNING INSTRUMENT SHALL PROVIDE.