The Delaware Sub-Advisory Agreement of Berger and Berman Management, Inc. is a contractual agreement that outlines the relationship between Berger and Berman Management (the "Adviser") and a sub-adviser (the "Sub-Adviser") based in Delaware. This agreement governs the terms and conditions under which the Sub-Adviser will provide investment advisory services to the Adviser or a specific investment fund managed by the Adviser. The Delaware Sub-Advisory Agreement covers various aspects, including the scope of services, compensation, termination provisions, and the rights and responsibilities of both parties involved. It ensures that there is clarity and alignment in the roles and obligations of the Adviser and Sub-Adviser, while also addressing potential conflicts of interest and establishing a framework for effective collaboration. The agreement may consist of different types or variations, depending on the specific requirements and circumstances. Some possible types of Delaware Sub-Advisory Agreements offered by Berger and Berman Management, Inc. include: 1. Basic Delaware Sub-Advisory Agreement: This agreement sets out the fundamentals of the relationship, covering essential terms such as the services to be provided, fees, reporting obligations, and the duration of the agreement. 2. Specialized Delaware Sub-Advisory Agreement: Berger and Berman Management, Inc. may offer tailored agreements that cater to specific asset classes or investment strategies. These agreements may include additional provisions related to the unique requirements and characteristics of certain investment areas, such as real estate, private equity, or emerging markets. 3. Delaware Sub-Advisory Agreement for Institutional Clients: Berger and Berman Management, Inc. may have a separate agreement specifically designed for institutional clients. This agreement might incorporate additional provisions related to compliance, risk management, and reporting requirements that are typically essential for institutional investors. 4. Delaware Sub-Advisory Agreement for Registered Investment Companies: Berger and Berman Management, Inc. may have a distinct agreement for clients who operate registered investment companies (RIC's). This agreement would address specific regulatory obligations, such as compliance with the Investment Company Act of 1940, and include provisions related to shareholder communications, board meetings, and other requirements unique to RIC's. Overall, the Delaware Sub-Advisory Agreement of Berger and Berman Management, Inc. provides a comprehensive framework for the relationship between the Adviser and the Sub-Adviser, ensuring transparency, accountability, and alignment of interests. By having a well-defined agreement, both parties can confidently collaborate in managing investment portfolios while adhering to their respective roles and obligations.