COMMONFUND TREASURY

TREASURY MANAGEMENT SERVICES, NAMELY, CASH, FUNDS, LIQUIDITY, AND INTERMEDIATE TERM FUNDS INVESTMENT FOR OTHERS; CREDIT AND DEBIT CARD SERVICES, PROVIDING ACCOUNT INFORMATION AND FINANCIAL TRANSACTION INFORMATION VIA TELEPHONE, GLOBAL COMPUTER INFORMATION NETWORK, AND ONLINE; FINANCIAL MANAGEMENT, NAMELY, MANAGEMENT OF ACCOUNT RECEIVABLES, ASSETS, AND DISBURSEMENT OUTSOURCING; INVESTMENT MANAGEMENT; FUND MANAGEMENT SERVICES, NAMELY, MUTUAL FUND BROKERAGE; FUNDS INVESTMENT CONSULTATION