The North Dakota Management Agreement between Prudential Tax-Managed Growth Fund and Prudential Investments Fund Management, LLC is a contractual agreement outlining the terms and conditions of their partnership in managing investments in the North Dakota market. This agreement sets the framework for collaboration and ensures the efficient management of the tax-managed growth fund within the state of North Dakota. Key terms included in this agreement are: 1. Prudential Tax-Managed Growth Fund: This refers to the investment fund managed by Prudential Investments Fund Management, LLC. It focuses on generating long-term capital growth while minimizing taxable distributions. 2. Prudential Investments Fund Management, LLC: This is the investment management firm responsible for managing the Prudential Tax-Managed Growth Fund. They provide expertise, analysis, and decision-making in the investment process. 3. North Dakota Market: The agreement specifies that the investment focus will be primarily on opportunities within the state of North Dakota. This allows for a localized approach to investment strategies and maximizes potential returns to the region. 4. Management Responsibilities: The agreement outlines the responsibilities of Prudential Investments Fund Management, LLC, which include making investment decisions, conducting market research, monitoring portfolio performance, and ensuring compliance with regulatory requirements. 5. Reporting and Communication: The agreement defines the reporting structure and communication channels between the parties. It establishes regular reporting intervals and formats for reviewing portfolio performance, investment strategies, and any changes in regulations or market conditions. 6. Compensation: The agreement addresses the compensation structure for Prudential Investments Fund Management, LLC. This may include a management fee, performance-based incentives, or a combination of both. 7. Termination Clause: The agreement includes a termination clause that outlines the conditions under which either party can end the partnership. It may include factors such as poor performance, breaches of contractual obligations, or changes in business strategies. Different types of North Dakota Management Agreements between Prudential Tax-Managed Growth Fund and Prudential Investments Fund Management, LLC could include variations in investment objectives, target markets, or specific investment strategies tailored to different sectors or industries within North Dakota. These agreements would maintain the same fundamental framework but may have particular nuances based on the agreed-upon specialization or focus.