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t <br />WHEREAS, the initial Participants anticipate that other public <br />entities may wish to become Participants hereunder by becoming <br />parties to this Agreement; <br />NOW THEREFORE, in consideration of the mutual promises, <br />covenants and agreements contained herein, the Initial Participants <br />and Participants hereafter added pursuant to the provisions hereof, <br />mutually undertake, promise and agree for themselves, their <br />respective representatives, successors and assigns that all monies, <br />assets, securities, funds and property now or hereafter acquired <br />by the Trustees, their successors or assigns under this Agreement, <br />shall be held and managed in tryst for the mutual and proportionate <br />benefit of the holders of record from time to time of shares of <br />beneficial interest in one or more Investment Funds established <br />pursuant to this Agreement, without privilege, priority or <br />distinction among such holders, and subject to the terms, <br />covenants, conditions, purposes and provisions hereof as follows: <br />