Document:

General Contract of Indemnity dated August 17, 2006

 EXHIBIT 10bb 
  

			
		 	TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA
	General Contract	 	Hartford, Connecticut 06183
	 Of Indemnity
 (Form BR)
	 	

 We, the undersigned, hereinafter referred to, individually and/or collectively, as “Indemnitors,” hereby
request, have requested and/or will request TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, ST. PAUL FIRE AND MARINE INSURANCE COMPANY, any of their present or future direct or indirect parent companies, any of the respective present or future
direct or indirect affiliates or subsidiaries of such companies and parent companies, and/or any of the aforementioned entities’ successors or assigns, hereinafter referred to, individually and/or collectively, as “Company,” to
execute or procure bonds, undertakings, guarantees, and/or contractual obligations, including renewals and extensions thereof, whether before or after the date of this Agreement, and bonds and undertakings for which Company has obligations as a
result of an asset purchase, acquisition, merger or like transaction, hereinafter referred to, individually and/or collectively, as “Bond(s).” As an inducement therefore we make the following representations of fact, promises and
agreements: 
 REPRESENTATIONS OF FACT: 
  

	1.	In the transaction of business one, some or all of the Indemnitors are required, or may desire to give such Bond(s). 

  

	2.	Indemnitors have a substantial, material and beneficial interest (a) in the obtaining of Bond(s) by any of the Indemnitors and (b) in the transaction(s) for which any
other Indemnitor has applied or will apply to Company for Bond(s) pursuant to this General Contract of indemnity, hereinafter referred to as “Agreement,” it is understood that the purpose of this Agreement is to induce Company to furnish
Bond(s); however, Company is under no obligation to furnish Bond(s) to Indemnitors. 

  

	3.	Indemnitors have the full power and authority to execute, deliver and perform this Agreement and to carry out the obligations stated herein. Indemnitors further acknowledge and
agree that (a) the execution, delivery and performance of this Agreement by such Indemnitors, (b) the compliance with the terms and provisions hereof, and (c) the carrying out of the obligations contemplated herein, do not, and will
not, conflict with and will not result in a breach or violation of any terms, conditions or provisions of the charter documents or bylaws of such Indemnitors, or any law, governmental rule or regulation, or any applicable order, writ, injunction,
judgment or decree of any court or governmental authority against Indemnitors, or any other agreement binding upon Indemnitors, or constitute a default thereunder. 

 PROMISES AND AGREEMENTS: In consideration of the furnishing of any such Bond, the forbearance of cancellation of any existing Bond(s) by Company, the assumption of obligations by Company of any Bond, and for other
valuable consideration, Indemnitors hereby jointly and severally promise and agree as follows: 
  

	1.	To pay all premiums for each Bond, as they fall due, until Company has been provided with competent legal evidence that the Bond has been duly discharged. 

 

	2.	To indemnify and exonerate Company from and against any and all loss, cost and expense of whatever kind, including unpaid premiums, interest, court costs and counsel fees, as well
as any expense incurred or sustained by reason of making any investigation which it may incur or sustain as a result of or in connection with the furnishing of Bond(s), the assumption of obligations of Company of Bond(s), and/or the enforcement of
this Agreement, hereinafter referred to as “Loss.” To this end Indemnitors promise: 

  

	 	(a)	To promptly reimburse Company for all sums paid on account of such Loss and it is agreed that (1) originals or photocopies of claim drafts, or of payment records, kept in the
ordinary course of business, including computer printouts, verified by affidavit, shall be prima facie evidence of the fact and amount of such Loss, and (2) Company shall be entitled to reimbursement for any and all disbursements made by it,
under the belief that it was liable, or that such disbursement was necessary or expedient. 

  

	 	(b)	To deposit with Company, on demand, the amount of any reserve against such Loss which Company is required, or deems it prudent to establish whether on account of an actual liability
or one which is, or may be, asserted against it and whether or not any payment for such Loss has been made. 

  

	3.	This Agreement shall apply to any and all Bond(s) furnished as follows: 

  

	 	(a)	If Company executes the Bond(s), procures the execution of Bond(s) by other sureties, executes Bond(s) with co-sureties and/or obtains reinsurance; 

  

	 	(b)	For or on behalf of any or all of the following: 

  

	 	(1)	One, some or all of the Indemnitors; 

  

	 	(2)	Any joint venture or other form of common enterprise in which Indemnitors were members at the time the Bond(s) were furnished; 

  

	 	(3)	Any present or future affiliate and/or subsidiary of Indemnitors; 

  

	 	(4)	Any third party at the request of Indemnitors, their subsidiaries and/or affiliates. 

  

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	4.    	  	(a)    	  	The validity and effect of this Agreement shall not be impaired by, and Company shall incur no liability on account of, and Indemnitors need not be notified of:

  

	 	(1)	Company’s failure or refusal to furnish Bond(s), including but not limited to final Bond(s) where Company has furnished a bid Bond; 

  

	 	(2)	Company’s consent or failure to consent to changes in the terms and provisions of any Bond, or the obligation or performance secured by any Bond; 

  

	 	(3)	The taking, failing to take, or release of security, collateral, assignment, indemnity agreements and the like, as to any Bond; 

  

	 	(4)	The release by Company, on terms satisfactory to it, of any Indemnitors; or 

  

	 	(5)	Information which may come to the attention of Company which affects or might affect its rights and liabilities or those of any of the Indemnitors. 

  

	 	(b)	The validity and effect of this Agreement shall not be impaired by, and Company shall incur no liability on account of, the cancellation or termination of any Bond(s).

  

					
	5.    	  	(a)    	  	If the Indemnitors’ Senior Unsecured rating is downgraded below A by Standard & Poor’s and/or their Senior Unsecured rating is downgraded below
A2 by Moody’s Investors Service or if either rating agency withdraws all ratings in the aforementioned categories (the “Downgrade Event”), then the Indemnitors shall within 10 business days of the Downgrade Event provide
Company with an irrevocable letter of credit. Said letter of credit shall be provided in form, content and by a bank acceptable to Company. The letter of credit shall be in an amount equal to 100% of all undischarged liability under all
Bond(s), which liability shall be determined as of the date of the Downgrade Event. Collateral or letters of credit provided to Company prior to a Downgrade Event may be utilized to establish compliance with this provision. If the undischarged
liability subsequently Increases, then it is Indemnitors’ responsibility to ensure continued compliance with the aforementioned percentages at all times.

  

	 	(b)	Indemnitors waive, to the fullest extent permitted by law, each and every right that they may have to contest this requirement. Indemnitors stipulate and agree that Company will not
have an adequate remedy at law should Indemnitors fail to post said letter of credit and further agree as a result that Company is entitled to specific performance of this provision. Company’s failure to act to enforce its right to specific
performance shall not be construed as a waiver of that right, which right may be enforced at any time at the Company’s sole discretion. 

  

	 	(c)	Indemnitors further agree that this requirement for a letter of credit shall not limit or be deemed a waiver of the Company’s other rights, which it may exercise in its sole
discretion, under this Agreement or otherwise to cancel Bond(s), to demand collateral or letters of credit, or to take any other actions Company deems necessary and/or prudent, in its sole discretion, to mitigate actual or potential Loss under any
and all Bond(s) written in accordance with this Agreement. The exercise of such additional rights shall not be contingent upon the Company’s enforcement of this provision. 

  

	6.	Any letter of credit to be provided to Company shall be sent via overnight delivery to the following address: St. Paul Travelers Bond Attn: Bond Finance - Collateral Processing, One
Tower Square, Hartford, Connecticut 06183. 

  

	7.	Indemnitors shall have no rights of Indemnity, contribution or right to seek collection of any other outstanding obligation against any other Indemnitors or their property until the
obligations of the Indemnitors to Company under this Agreement have been satisfied in full. 

  

	8.	Company shall have the right, in its sole discretion, (a) to deem this Agreement breached should any Indemnitors become involved in any agreement or proceeding of liquidation,
receivership, bankruptcy, insolvency or creditor assignment, whether voluntarily or involuntarily, or should any Indemnitors, if an individual, die, or be convicted of a felony, become a fugitive from justice, or for any reason disappear and cannot
immediately be found by Company by use of usual methods, and (b) to adjust, settle, compromise or defend any claim, demand, suit or Judgment upon any Bond(s). 

  

	9.	If Company has or obtains collateral or letters of credit, Company shall not have any obligation to release collateral or letters of credit or turn over the proceeds thereof until
it shall have received a written release in form and substance satisfactory to Company with respect to each and every Bond. Any collateral or letters of credit provided to Company by any Indemnitor or any third party, or the proceeds thereof, may be
applied to any Loss. 

  

	10.	Indemnitors also understand and agree that their obligations remain in full force and effect for any Bond(s) issued pursuant to this Agreement, notwithstanding that the entity on
whose behalf Bond(s) were issued has been sold, dissolved or whose ownership has been otherwise altered in any way. 

  

	11.	This Agreement shall remain in full force and effect until terminated. Indemnitors may only terminate participation in this Agreement by providing written notice to Company of
Indemnitors’ Intent to terminate. Such notice shall be addressed to St. Paul Travelers Bond, Attention: Senior Vice President Commercial Surety, One Tower Square, Hartford, Connecticut 06183. Such notice of termination shall become effective
thirty (30) days after Company’s receipt of the same. The obligations and liability of indemnitors giving such notice shall thereafter be limited to Bond(s) furnished before the effective date of the notice, which liability shall include
any Bond(s) which were originally issued prior to the effective date of notice and renewed or otherwise extended subsequent to the notice or effective date of termination. 

  

	12.	Whereas, the obligee or beneficiary under certain Bond(s) may make a demand for payment (“Demand”) against the Bond(s). When such Demand is made, Company must pay the
amount of the Demand, not to exceed the penal sum of the Bond(s), as well as all necessary fees, within the time period required by the Demand. Under such Bond(s), Company, with the knowledge and consent of the Indemnitors, has expressly waived all
defenses to making such payment. If the indemnitors receive notice from Company that a Demand has been made against the Bond(s) by the obligee or beneficiary, Indemnitors will, at least three (3) 

  

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 business days before payment of such Demand is due the obligee, pay Company the full amount of the
Demand, which amount shall not exceed the penal sum of the Bond, as well as all necessary fees. Such payment will be made by wire transfer or otherwise in immediately available funds to the bank account specified in the notice provided to the
Indemnitors by Company. The Indemnitors waive, to the fullest extent permitted by applicable law, each and every right which they may have to contest such payment. Failure to make payment to Company as herein provided shall cause the Indemnitors to
be additionally liable for any and all costs and expenses, including but not limited to attorney’s fees, incurred by Company in enforcing this Agreement, together with interest on unpaid amounts due Company. Interest shall accrue, commencing
the date Company pays the amount of the Demand, at 130% of the prime rate of interest in effect on December 31 of the previous calendar year as published in the Wall Street Journal. Indemnitors stipulate and agree that the Company will suffer
immediate irreparable harm and will have no adequate remedy at law should Indemnitors fail to perform this obligation, and therefore Company shall be entitled to specific performance of this obligation. 
  

	13.	Indemnitors hereby expressly authorize Company to access credit records and to make such pertinent inquiries as may be necessary from third party sources for underwriting purposes,
claim purposes and/or debt collection. To the extent required by law, Company will, upon request, provide notice whether or not a consumer report has been requested by Company, and if so, the name and address of the consumer reporting agency
furnishing the report. 

  

	14.	In the event of a claim or notice of a potential claim, Company shall have the right, at all times, to free access to the books, records, and accounts of the Indemnitors for the
purpose of examining the same. 

  

	15.	Company may furnish copies of any and all statements, agreements, financial statements and any information which it now has or may hereafter obtain concerning Indemnitors, to other
persons or companies for the purpose of procuring co-suretyship or reinsurance. 

  

	16.	A duplicate or facsimile copy or electronic reproduction of the original document shall have the same force and effect as the original. 

  

	17.	This Agreement may be executed in any number of counterparts, each of which shall be an original but all of which together shall constitute one instrument. Each counterpart may
consist of a number of copies hereof, each signed by less than all, but together signed by all, of the parties hereto. 

  

	18.	If any provision or portion of this Agreement shall be unenforceable, this Agreement shall not be void, but shall be construed and enforced with the same effect as though such
provision or portion were omitted. 

  

	19.	This Agreement is in addition to and not in lieu of any other agreements and obligations undertaken in favor of Company, whether now existing or entered into hereafter.

  

	20.	The rights and remedies afforded to Company by the terms of this Agreement can only be impaired by a written rider to this Agreement signed by an authorized employee of the Company.

  

	21.	Company’s failure to act to enforce any or all of its rights under this Agreement shall not be construed as a waiver of these rights. 

  

	22.	The date of this Agreement shall be the earliest date any Indemnitor executes this Agreement. 

  

	23.	Special Provisions: n/a 

 WE HAVE READ THIS CONTRACT OF INDEMNITY
CAREFULLY. THERE ARE NO SEPARATE AGREEMENTS OR UNDERSTANDINGS WHICH IN ANY WAY LESSEN OUR OBLIGATIONS AS ABOVE SET FORTH. IN TESTIMONY HEREOF, WE THE INDEMNITORS HAVE SET OUR HANDS AND FIXED OUR SEALS AS SET FORTH BELOW. 
 If Indemnitor an Individual, sign below: 

	
	  

 Instructions: Signatures of individual Indemnitors must be witnessed. Indemnitors must include their Social
Security Number. All signatures must be dated with names printed or typed on the line provided. 
  

							
	  
	  	  

	(Witness Signature)	 	(Date)	  	(Indemnitor Signature)	 	(Date)
		
	 Print or Type Name:
	  	 Print or Type Name:

			
		 		  	 SS#:

 If Indemnitor a Corporation, Limited Liability Company or Partnership, sign below:

	
	  

 Instructions: If the entity is: 1) a corporation the secretary and an authorized officer should sign on behalf of
the corporation, 2) a limited liability corporation the manager or member(s) should sign on behalf of the LLC, or 3) a partnership the partner(s) should sign on behalf of the partnership. Two signatures are required for all entities and all
signatures must be notarized and dated. Please provide the entity’s federal tax identification number on the line provided. 
 Each of the undersigned
hereby affirms to Company as follows: I am a duly authorized official of the business entity Indemnitor on whose behalf I am executing this Agreement. In such capacity I am familiar with all of the documents which set forth and establish the rights
which govern the affairs, power and authority of such business entity including, to the extent applicable, the certificate or articles of incorporation, bylaws, corporate resolutions and/or partnership, operating or limited liability agreements of
such business entity. Having reviewed all such applicable documents and instruments and such other facts as deemed appropriate, I hereby affirm that such 
  

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 entity has the power and authority to enter into this Agreement and that the individuals executing this Agreement on
behalf of such entity are duly authorized to do so. 
  

					
	 Bristol-Myers Squibb Company
	  	 /s/ A.R.J.
BONFIELD                                       
                     (Seal)

	(Indemnitor Name)	  	(First Signature)	 	
		
	 22-0790350
	  	 A.R.J.
BONFIELD                                       
                         8/17/06

	 (Federal Tax ID)
	  	(Print or Type Name and Title)	 	(Date)
		
		  	 /s/
SANDRA LEUNG                                     
                       (Seal)

		  	(Second Signature)	 	
		
		  	 SANDRA LEUNG                                    
                              8/17/06

		  	(Print or Type Name and Title)	 	(Date)

 ACKNOWLEDGEMENT 
 STATE OF NEW YORK County of NEW YORK 
 On
this 17TH day of AUGUST, 2006, before me personally appeared ANDREW R.J. BONFIELD, known or proven to me to be the
CHIEF FINANCIAL OFFICER of the entity executing the foregoing Instrument (“Entity”) and SANDRA LEUNG, known or proven to me to be the VICE PRESIDENT & SECRETARY of the Entity, and they acknowledged said instrument to be the free and
voluntary act and deed of said Entity, for the uses and purposes therein mentioned and on oath slated that the seal affixed is the seal of said Entity and that it was affixed and that they executed said instrument by authority of the Entity. IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my OFFICIAL SEAL the day and year first above written. 
  

	
	MARY PAT BOLIN
	Notary Public, State of New York
	No. 01BO6116346
	Qualified in New York County
	Commission Expires 9-27-08

  

	
	 /s/ MARY PAT BOLIN

	(Notary Public residing at 345 PARK AVENUE, NY, NY
	 (Commission expires 9-27-08)

  

 Page 4 of 4Registered Pledge and Master Security Agreement dated August 17, 2006

 EXHIBIT 10cc 
 COLLATERALIZED BOND SURETY PROGRAM 
 REGISTERED PLEDGE AND MASTER SECURITY AGREEMENT 

THIS AGREEMENT (“Master Agreement”), made and entered into by and between Travelers Casualty and Surety Company of America acting on its own behalf and as
Agent on behalf of its parents, subsidiaries and affiliates (the “Secured Party”) and Pledgor, as identified below, on its own behalf and as Agent on behalf of any affiliate or other entity which is a party to the Indemnity Agreements
defined below (“Pledgor”). This Master Agreement shall be effective as of the date executed by the Pledgor as evidenced by the signature below, subject to the acceptance by Secured Party. 
 WITNESSETH: 
 WHEREAS,
Pledgor desires Secured Party to issue an instrument or instruments of suretyship, undertakings or guarantees (“Bonds”); 
 WHEREAS, Secured Party desires to be adequately secured with respect to Pledgor’s obligations to Secured Party; 
 WHEREAS, to induce Secured Party to issue such Bonds, Pledgor has agreed, at Secured Party’s request, to make and enter into this Master Agreement; 
 WHEREAS, Pledgor has executed or will execute General Agreements of Indemnity and for Security; General Contracts of 
 Indemnity; or Applications for Bonds (“Indemnity Agreements”); 
 WHEREAS, Pledgor has agreed
to indemnify and hold harmless Secured Party from any loss, cost or expense as a result of furnishing Bonds; 
 NOW, THEREFORE, in
consideration for inducing Secured Party to issue such Bonds to and for the benefit of Pledgor, the receipt and sufficiency of which are hereby acknowledged, Pledgor and Secured Party hereby agree as follows: 
 1. Indemnity Agreements. Any and all Indemnity Agreements executed by Pledgor and its affiliates or any other entity which is party to an Indemnity
Agreement executed by Pledgor are hereby incorporated into this Master Agreement by reference. 
 2. Pledge of Collateral. Pledgor
does hereby pledge, hypothecate, assign, transfer, set over, deliver and grant to Secured Party a security interest, at any time or from time to time, in all of the Pledgor’s right, title and interest in the shares of the Smith Barney Money
Funds, Inc. Cash Portfolio (such portfolio being referred to herein as the “Fund”) (which such right, title and interest is simultaneously herewith being delivered to Secured Party via a registered pledge, which is to be so noted on the
books of the Fund by PFPC Global Fund Services (the Fund’s transfer agent) as evidenced by the shares of the Fund referenced on each Pledge Schedule executed, from time to time pursuant to this Master Agreement (each Pledge Schedule shall be
made a part hereof, shall incorporate therein all of the terms, and conditions of this Master Agreement and shall contain such additional terms and conditions as Pledgor and Secured Party shall agree upon) together with any and all other securities,
cash or other property at any time and from time to time receivable or otherwise distributed in respect of or in exchange for or redemption of or liquidation of any or all of Pledgor’s interest in such Fund, and together with the proceeds
thereof and such other property, rights and assets as may be pledged from time to time hereunder, (hereinafter said property being collectively referred to as the “Collateral”), all as security for the payment and performance when due of
any and all duties, debts, liabilities and obligations of Pledgor (either directly, as maker, or indirectly, as guarantor, surety, endorser or otherwise) to Secured Party, whether now or hereafter existing, howsoever arising or incurred or evidenced
including specifically, but without limitation, the “Obligations” defined in the Indemnity Agreements and Bonds (hereinafter collectively called the “Obligations”) and the obligations and liabilities created herein, including the
reimbursement of expenses as described in Section 13 hereof. 
 3. Holding of Collateral and Rights. Pledgor acknowledges and
agrees that Secured Party shall hold the Collateral, together with all right, title, interest, powers, privileges and preferences pertaining or incidental thereto forever, subject, however, to return of the Collateral (or such portion thereof as may
be existing from time to time hereafter after giving effect to the terms hereof) by Secured Party to Pledgor upon (a) payment in full of all outstanding Obligations and (b) termination of all Obligations of Pledgor (past, present or
future) evidenced by releases of all liabilities under or pursuant to the Bonds satisfactory to Secured Party. 
 4. Additions to
Collateral. Pledgor further acknowledges and agrees that, at any time or from time to time hereafter, should the market value or marketability of said Collateral, as determined by Secured Party, be reduced or impaired by an aggregate amount
deemed material by Secured Party, or should the value of the Collateral be reduced by any redemption or series of redemptions to pay outstanding Obligations or to reimburse the Secured Party as required or permitted under or pursuant to the Bonds,
then, at the option of Secured Party, the Secured Party may require that Pledgor pledge additional mutual fund shares or like property or other liquid assets to Secured Party in order to replenish or replace such loss in market value or
marketability or decrease in value due to redemption and, in such event, within 30 days after Pledgor’s receipt of notice of such request, Pledgor shall deliver such additional Collateral to Secured Party in form acceptable to Secured Party
together with such documents, instruments and agreements as Secured Party may request in connection therewith to evidence, effect and perfect such pledge. 
 Pledgor may, at any time, and for any reason, pledge and deliver additional Collateral to Secured Party together with all documents, instruments and agreements necessary to evidence, effect and perfect such pledge.

  

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 5. Representations and Warranties. In order to induce Secured Party to accept this Master
Agreement, Pledger hereby represents and warrants to Secured Party with respect to this Master Agreement and each Pledge Schedule executed hereunder: 
 (1) that Pledgor has the complete and unconditional authority to pledge the Collateral, holds (or will hold on date of pledge thereof) the Collateral free and clear of any and all liens, charges, encumbrances and
security interests thereon (other than in favor of Secured Party), has (or will have on the date of pledge thereof) good right, title and legal authority to pledge the Collateral in the manner contemplated herein and that the execution and
performance of this Master Agreement and each Pledge Schedule constitutes authorized, legal, valid and binding acts of Pledgor enforceable in accordance with their-respective terms as evidenced (should Secured Party so request) by a certificate of
incumbency for the individual executing this Master Agreement or any Pledge Schedule; and 
 (2) that no authorization,
approval, or other action by, and no notice to or filing with, any governmental authority or regulatory body having jurisdiction over the assets, affairs or business of Pledgor is required either 
 (i) for the pledge by Pledgor, of the Collateral pursuant to this Master Agreement or any Pledge Schedule or for the execution, delivery
or performance of this Master Agreement or any Pledge Schedule by Pledgor, or 
 (ii) for the exercise by Secured Party of
the voting or other rights provided for in this Master Agreement or the remedies in respect of the Collateral pursuant to this Master Agreement. 
 6. Further Assurances. Pledgor agrees that at any time and from time to time, at the expense of Pledgor, Pledgor will promptly execute and deliver all further instruments and documents, and take all further action that Secured Party
may reasonably request, in order to perfect and protect the security interest granted or purported to be granted hereby or to enable Secured Party to exercise and enforce its rights, powers and remedies hereunder with respect to any Collateral.

 7. Name in Which Collateral Held. Pledgor further acknowledges and agrees that Secured Party upon taking possession of the
Collateral, may hold any of the Collateral in its own name, endorsed, registered or assigned in blank or in the name of any nominee or nominees. 
 8. Voting Rights; Dividends; Etc. 
 (a) So long as no Event of Default (as defined in Section 11 hereof)
shall have occurred and be continuing: 
 (i) Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining
to the Collateral or any part thereof for any purpose not prohibited by the terms of this Master Agreement; provided, however, that following request therefor by Secured Party, Pledgor shall not exercise or, as the case may be, shall not refrain
from exercising any such right if such action or failure to act would have a material adverse effect on the value of the Collateral or any part thereof; and, provided further, that Pledgor shall give Secured Party at least ten days’ written
notice of the manner in which it intends to exercise or fail to exercise any such right. 
 (ii) Secured Party shall execute and deliver (or
cause to be executed and delivered) to Pledgor all such proxies and other instruments as Pledgor may reasonably request for the purpose of enabling Pledgor to exercise the voting and other rights which it is entitled to exercise pursuant to clause
(i) above. 
 (iii) Pledgor shall be credited with any cash dividends, interest or any other distribution of property paid, payable or
otherwise distributed in cash in respect of the Collateral other than by way of redemption or liquidation of such Collateral. 
 (b) Upon the occurrence and during the continuance of an Event of Default: 
 (i) All rights of Pledgor to exercise the voting
and other consensual rights which it would otherwise be entitled to exercise pursuant to Section 8(a) hereof shall cease, and all such rights shall thereupon became vested in Secured Party who shall thereupon have the sole right to exercise
such voting and other consensual rights; provided, however, Pledgor shall continue to have the rights to exercise such voting and other consensual rights notwithstanding the occurrence and continuance of an Event of Default until Secured Party
delivers a notice to Pledgor of its intention to exercise such voting and other consensual rights. 
                         (ii) All rights of Pledgor to receive credit for cash dividends, interest, or other
distributions in cash pursuant to Section 8(a) hereof shall cease and all rights to dividends, interest and other distributions shall thereupon be vested in Secured Party, who shall thereupon have the sole right to receive and hold as
Collateral such dividends, interest and other distributions, or to direct that all such dividends, interest and other distributions shall be reinvested in additional shares of the Fund, all of which shall become additional Collateral. All dividends,
interest and other distributions which are received by Pledgor contrary to these provisions shall be received in trust for the benefit of Secured Party, shall be segregated from other property or funds of Pledgor and shall be forthwith delivered to
Secured Party as Collateral in the same form as so received (with any necessary endorsement or registrations on the books of the Fund’s transfer agent). 
         9. Secured Party Appointed Attorney-in-Fact. Pledgor hereby irrevocably appoints Secured Party as Pledgor’s attorney-in-fact upon and as of the happening of an Event of Default,
with full authority in the place and stead of Pledgor and in the name of Pledgor or otherwise, from time to time in Secured Party’s discretion, to take any action and to execute any instrument which Secured Party may deem reasonably necessary
or advisable to accomplish the purposes of this Master Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to Pledgor representing any dividend or interest payment or other distribution in respect
of the Collateral or any part thereof and to give full discharge for the same, when and to the extent permitted by this Master Agreement. 
  

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 10. Secured Party May Perform. If Pledgor fails to perform any agreement, obligation or
responsibility contained herein, Secured Party may itself perform, or cause performance of, such agreement, obligation or responsibility, and the expenses of Secured Party incurred in connection therewith shall be payable by Pledgor under
Section 13 hereof. 
 11. Events of Default. The following shall constitute “Events of Default” hereunder: 

(a) Any default under any Bonds or any default under any Indemnity Agreements; 
 (b) Pledgor assigns, attempts to encumber, subjects to further pledge or security interest, sells, transfers or otherwise disposes of any of the
Collateral without the prior written consent of Secured Party; 
 (c) Pledgor fails to respond to any demand by Secured Party or to reimburse
Secured Party pursuant to the terms of any Indemnity Agreements or Bonds for amounts paid out by Secured Party on behalf of Pledgor; 
 (d)
Pledgor fails to perform any covenant or agreement set forth herein, or in any document, instrument or agreement evidencing, securing, guaranteeing or pertaining to any of the Obligations, including the Bonds; 
 (e) Any default occurs, and is not cured within any applicable cure or grace period, with respect to any document, instrument or agreement evidencing,
securing, guaranteeing or pertaining to any of the Obligations, including the Bonds, whether or not due to any default by Pledgor; 
 (f) Any
representation or warranty made by Pledgor in this Agreement is false or misleading in any material respect; 
 (g) A receiver, liquidator,
custodian or trustee of Pledgor, or of all or any of the property of Pledgor, is appointed by court order and such order remains in effect for more than thirty (30) days; or an order for relief is entered with respect to Pledgor or Pledgor is
adjudicated a bankrupt or insolvent, or any of the property of Pledgor is sequestered by court order and such order remains in effect for more than thirty (30) days; or a petition is filed against Pledgor under any bankruptcy, reorganization,
arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction, whether now or hereafter in effect, and is not dismissed within thirty (30) days after such filing; 
 (h) Pledgor files a petition in voluntary bankruptcy or seeking relief under any provision of any bankruptcy, reorganization, arrangement, insolvency,
readjustment of debt, dissolution or liquidation law of any jurisdiction, whether now or hereafter in effect, or consents to the filing of any petition against it under any such law; or 
 (i) Pledgor makes an assignment for the benefit of its creditors, or admits in writing its inability, or fails, to pay its debts generally as they become
due, or consents to the appointment of a receiver, liquidator or trustee of the Pledgor, or of all or any part of the property of Pledgor. 
 12. Remedies. If any Event of Default shall have occurred and be continuing: 
 (a) Secured Party may exercise (in compliance
with all applicable securities laws) in respect of the Collateral, in addition to other rights and remedies provided for herein or otherwise available to it, all the rights and remedies of a secured party on default under the Uniform Commercial Code
in effect in the State of New York at that time, and Secured Party may also, without notice except as specified below, sell the Collateral or any part thereof by redemption of all or any number of the shares of the Fund. To the extent such
redemption is deemed a sale with respect to which notice shall be required by law, Secured Party shall give Pledgor at least five days’ notice of the time after which any private sale is to be made, which Pledgor agrees shall constitute
reasonable notification. Secured Party shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. Pledgor agrees that any redemption of the shares by Secured Party shall be deemed to be a commercially
reasonable sale under the New York Uniform Commercial Code. As an alternative to exercising the power of sale and redemption herein conferred upon it, Secured Party may proceed by a suit or suits at law or in equity to foreclose the security
interest granted under this Agreement and to sell or redeem the Collateral, or any portion thereof, pursuant to a judgment or decree of a court or courts of competent jurisdiction. 
 (b) Any cash held by Secured Party as Collateral and all cash proceeds and any income or interest from said cash proceeds received by Secured Party in
respect of any sale of, collection from, redemption of or other realization upon or any part of the Collateral following the occurrence of an Event of Default may, in the discretion of Secured Party, be held by Secured Party as collateral for, and
then and/or at any time thereafter applied against, all or any part of the Obligations, in such order of application as Secured Party shall select. 
 (c) Any surplus of such cash or cash proceeds held by Secured Party and remaining after payment in full of all outstanding Obligations and the termination of all Obligations of the Secured Party (past, present or future) under or pursuant
to the Bonds evidenced by releases of all liabilities under or pursuant to Bonds satisfactory to Secured Party, shall be paid over to Pledgor or to whomsoever may be lawfully entitled to receive such surplus. 
         13. Expenses. Pledgor will upon demand pay to Secured Party the amount of any and all reasonable expenses,
including the reasonable fees and expenses of its counsel and of any experts and agents, which Secured Party may incur in connection with (1) the administration of this Agreement, (2) the custody or preservation of, or the sale of,
collection from, or other realization upon, any of the Collateral, (3) the exercise or enforcement of any of the rights of Secured Party hereunder, or (4) the failure by Pledgor to perform or observe any of the provisions hereof.

  

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 14. Security Interest Absolute. All rights of Secured Party hereunder, the security interest
granted to Secured Party hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of any of the following circumstances, acts, events, or occurrences, and Pledgor expressly consents to the occurrence of
any of such events and waives any defense arising therefrom: 
 (a) any lack of validity or enforceability of the Bonds or any other agreement
or instrument relating thereto; 
 (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the
Obligations, or any other amendment or waiver of or any consent to any departure from the Bonds any other agreement or instrument relating thereto; 
 (c) any other circumstance which might otherwise constitute a defense available to, or a discharge of, the Pledgor in respect of the Obligations or in respect of this Master Agreement. 
 15. Amendments, Etc. No amendment or waiver of any provision of this Master Agreement nor consent to any departure by Pledgor herefrom shall in
any event be effective unless the same shall be in writing and signed by Secured Party and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 
 16. No Waiver, Cumulative Remedies. No failure on the part of Secured Party to exercise, and no delay in exercising, any right, power or remedy
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy by Secured Party preclude any other or further exercise thereof or the exercise of any other right, power or remedy. All
remedies hereunder arc cumulative and are not exclusive of any other remedies provided by law. 
 17. Severability. If any provision
of any of this Master Agreement or the application thereof to any party hereto or circumstances shall be invalid or unenforceable to any extent, the remainder of this Master Agreement and the application of such provisions to any other party thereto
or circumstances shall not be affected thereby and shall be enforced to the greatest extent permitted by law. 
 18. Interpretation.
No provision of this Master Agreement shall be construed against or interpreted to the disadvantage of any party hereto by any court or other governmental or judicial authority by reason of such party having or being deemed to have structured or
dictated such provision. 
 19. Jurisdiction. Pledgor agrees that any legal action or proceeding with respect to this Master Agreement
may be brought in the state or federal courts of the State of New York, all as Secured Party may elect. By execution of this Master Agreement, Pledgor hereby submits to each such jurisdiction, hereby expressly waiving whatever rights may correspond
to it by reason of its present or future domicile. Nothing herein shall affect the right of Secured Party to commence legal proceedings or otherwise proceed against Pledgor in any other jurisdiction or to serve process in any manner permitted or
required by law. In furtherance of the foregoing, Pledgor hereby appoints the Secretary of State of the State of New York as its agent for service of process. 
 20. Acceptance. This Master Agreement shall not become effective unless and until delivered to Secured Party at its principal office in Hartford, Connecticut, and accepted in writing by Secured Party thereafter
at such office as evidenced by its execution hereof (notice of which delivery and acceptance are hereby waived by Pledgor). 
 21.
Governing Law. This Master Agreement shall be governed by and construed in accordance with the laws of the State of New York and shall inure to the benefit of and be binding upon the successors and assigns of the parties hereto. 

22. Notices. All notices, requests and demands to or upon the respective parties hereto shall be deemed to have been given or made when
personally delivered or deposited in the mail, registered or certified mail, postage prepaid, addressed as follows or to such other address as may be designated hereafter in writing by the respective parties hereto: 
  

					
	Pledgor: (Name and Address)	  	Secured Party:
		  	Bristol-Myers Squibb Company	  	Travelers Casualty and Surety Company of America
		  	345 Park Avenue	  	One Tower Square, Bond - 2SHS2
		  	New York, NY 10154	  	Hartford, CT 06183
		  	  
	  	
	Taxpayer ID#	  	22-0790350	  	Collateral Processing, National Resources
	Attn:	  	SANDRA LEUNG, CORPORATE SECRETARY	  	H.O. Bond, 2SHS2
	PHONE:	  	 [omitted]
	  	Taxpayer ID# 06-0907370

  

 -4- 

 Except in cases where it is expressly provided herein or by applicable law that such notice, demand or request is not
effective until received by the party to whom it is addressed. 
 IN WITNESS WHEREOF, I hereby execute this agreement on behalf of Pledgor as of the date set
forth below. 
  

							
	Signed:	 	 /s/ EDWARD M. DWYER
	 	Signed:	 	 /s/ TIM LUDLOW

		 	Bristol Myers Squibb Company	 		 	Bristol-Squibb Company
				
	(Print name/title)	 	 EDWARD M. DWYER
 VP
TREASURER
	 	(Print name/title)	 	 TIM LUDLOW
 VP & Asst.
Treasurer

 I hereby certify that I am the duly elected and qualified (Assistant) Secretary of the corporation
(“Pledgor”) that entered into the foregoing agreement (the “Master Agreement”) with Travelers; that the officer who executed the Master Agreement on behalf of the Pledgor has been duly elected and qualified as such officer; that
the signature above is the genuine signature of such officer; that the Master Agreement was duly executed and delivered by the Pledgor; that its execution and delivery were properly authorized by the Board of Directors of the Pledgor; and that the
Master Agreement represents a valid and binding obligation of the Pledgor. 
 IN WITNESS WHEREOF, I have set my hand and the
seal of this Corporation this 17th day of August, 2006. 
  

	
	 /s/ SANDRA LEUNG

	 Secretary

 SEAL 
  

					
	ACCEPTED:	 	TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA
			
		 	By:	 	 /s/ James L. Forshey

			
		 	Title:	 	 James L. Forshey, Vice President

			
		 	Date:	 	 August 18, 2006

  

 -5-

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