The Puerto Rico Administration Agreement between Berger and Berman Advisers Management Trust and Berger and Berman Management Inc is a legally binding contract that outlines the terms and conditions of the administrative services provided by these entities in relation to Puerto Rico. This agreement establishes the relationship between Berger and Berman Advisers Management Trust and Berger and Berman Management Inc, and the client(s) in Puerto Rico, outlining the responsibilities and obligations of each party involved. The main objective of this agreement is to ensure effective and efficient administration of assets and investment management services according to the applicable laws and regulations in Puerto Rico. There are different types of Puerto Rico Administration Agreements that can be tailored to address specific requirements or circumstances. These may include: 1. Investment Administration Agreement: This type of agreement focuses on the investment management aspect, covering the overall administration of investment portfolios, including asset allocation, portfolio monitoring, and reporting. 2. Fund Administration Agreement: This agreement is applicable when Berger and Berman Advisers Management Trust and Berger and Berman Management Inc are providing administrative services for investment funds operating in Puerto Rico. It covers various aspects, such as fund accounting, reporting, and regulatory compliance. 3. Trust Administration Agreement: If the administrative services are related to the management and administration of trusts established in Puerto Rico, a Trust Administration Agreement may be implemented. This agreement covers the fiduciary duties of Berger and Berman Advisers Management Trust and Berger and Berman Management Inc, including trust administration, accounting, and reporting. 4. Compliance Administration Agreement: In certain cases, a Compliance Administration Agreement may be required to address the compliance and regulatory obligations applicable to Berger and Berman Advisers Management Trust and Berger and Berman Management Inc in Puerto Rico. This agreement outlines the responsibilities related to regulatory reporting, record-keeping, and adherence to local laws and regulations. Regardless of the specific type, all Puerto Rico Administration Agreements between Berger and Berman Advisers Management Trust and Berger and Berman Management Inc aim to establish a clear framework for the provision of administrative services, ensuring transparency, accountability, and compliance with the legal and regulatory requirements in Puerto Rico.