Common use of Administration Services Clause in Contracts

Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision and direction of the respective Funds and the review and comment by such Fund's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds and the Administrator: a. Oversee the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; c. Review calculation, submit for approval by officers of the Fund and arrange for payment of the Fund's expenses; d. Prepare for review and approval by officers of the Fund financial information for the Fund's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. Prepare for review by an officer of and legal counsel for the Fund the Fund's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. Prepare reports relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise prepared by the Fund's investment adviser, custodian, legal counsel or independent accountants; g. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. Oversee and review calculations of fees paid to the Fund's investment adviser, custodian and Transfer Agent; j. Consult with the Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the Fund; k. Respond to, or refer to the Fund's officers or Transfer Agent, shareholder inquiries relating to the Fund; l. Provide periodic testing of portfolios to assist the Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. Review and provide assistance on shareholder communications; n. Maintain copies of the Fund's charter and by-laws; o. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and as detailed in Schedule B to this Agreement. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision and direction of the respective Funds and the review and comment by such Fund's ’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds and the Administrator: a. Oversee the determination and publication of the Fund's ’s net asset value in accordance with the Fund's ’s policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's ’s custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; c. Review calculation, submit for approval by officers of the Fund and arrange for payment of the Fund's ’s expenses; d. Prepare for review and approval by officers of the Fund financial information for the Fund's ’s semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. Prepare for review by an officer of and legal counsel for the Fund the Fund's ’s periodic financial reports required to be filed with the Securities and Exchange Commission ("“SEC"”) on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. Prepare reports relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise prepared by the Fund's ’s investment adviser, custodian, legal counsel or independent accountants; g. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's ’s custodian and transfer and dividend disbursing agent ("“Transfer Agent"”) as the Board may reasonably request or deems appropriate; i. Oversee and review calculations of fees paid to the Fund's ’s investment adviser, custodian and Transfer Agent; j. Consult with the Fund's ’s officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the Fund; k. Respond to, or refer to the Fund's ’s officers or Transfer Agent, shareholder inquiries relating to the Fund; l. Provide periodic testing of portfolios to assist the Fund's ’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. Review and provide assistance on shareholder communications; n. Maintain copies of the Fund's ’s charter and by-laws; o. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "“President's ’s letters" ” to shareholders and "“Management's ’s Discussion of Fund Performance" ” (which shall also be subject to review by the Fund's ’s legal counsel); p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's ’s legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and as detailed in Schedule B to this Agreement. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator Bank shall provide the following services, in each case, subject to the control, supervision and direction of the respective Funds Fund and the Company and the review and comment by such the Fund's and the Company's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds Fund, the Company and the AdministratorBank: a. Oversee the determination and publication of the each Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's custodian of certain books and records of the each Fund as required under Rule 31a-1(b) of the 1940 Act; c. Review calculation, submit for approval by officers of the each Fund and arrange for payment of the Fund's expenses; d. Prepare for review and approval by officers of the each Fund financial information for the Fund's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. Prepare for review by an officer of and legal counsel for the Fund the Fund's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. Prepare reports relating to the business and affairs of the each Fund as may be mutually agreed upon (including but not limited to performance and aged receivables) and not otherwise prepared by the Fund's investment adviser, custodian, legal counsel or independent accountants; g. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. Oversee and review calculations of fees paid to the Fund's investment adviser, custodian and Transfer Agent; j. Consult with the each Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the Fund; k. Respond to, or refer to the each Fund's officers or Transfer Agent, shareholder inquiries relating to the Fund; l. Provide periodic testing of portfolios to assist the Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. Review and provide assistance on shareholder communications; n. Maintain general calendar for each Fund; o. Maintain copies of the Fund's charter and by-lawslaws and copies of minutes of meetings of the Board of Directors of the Fund and meeting of shareholders of each Fund; o. p. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect q. Provide limited legal services as described in the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriateFee Schedule to this Agreement; q. r. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters;; and s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and as detailed in Schedule B to this Agreement. The Administrator Bank shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, subject to the respective control, supervision and direction of the respective Funds Company, the Trust, Framlington and St. Clair and the review and comment by such Fund's the Funds' auditors and legal counsel and in accordance with procedures which may be established from time to time by and between the Funds Company, the Trust, Framlington and St. Clair and the Administrator: a. Oversee the determination and publication of the Fund's Funds' net asset value in accordance with the FundCompany, the Trust, Framlington and St. Clair's policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's Funds' custodian of certain books and records of the Fund Company, the Trust, Framlington and St. Clair as required under Rule 31a-1(b) of the 1940 Act; c. Prepare the Company, the Trust, Framlington and St. Clair's federal, state and local income tax returns for review by the Funds' independent accountants and filing by the Funds' treasurer; d. Review calculation, submit for approval by officers of the Fund Funds and arrange for payment of the Fund's Funds' expenses; d. e. Prepare for review and approval by officers of the Fund Funds financial information for the FundCompany, the Trust, Framlington and St. Clair's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. f. Prepare for review by an officer of and legal counsel for the Fund Company, the FundTrust, Framlington and St. Clair's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. g. Prepare reports relating to the business and affairs of the Fund Company, the Trust, Framlington and St. Clair as may be mutually agreed upon and not otherwise prepared by the Fund's Funds' investment adviser, custodian, legal counsel or independent accountants; g. h. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. i. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's Funds' custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. Oversee and review calculations of fees paid to the Fund's investment adviser, custodian and Transfer Agent; j. Consult with the Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the Fund; k. Respond to, or refer to the Fund's officers or Transfer Agent, shareholder inquiries relating to the Fund; l. Provide periodic testing of portfolios to assist the Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. Review and provide assistance on shareholder communications; n. Maintain copies of the Fund's charter and by-laws; o. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and as detailed in Schedule B to this Agreement. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Sub-Administrator shall provide the following services, in each case, subject to the control, supervision supervision, authorization and direction of the respective Funds and Administrator and, in each case where appropriate, the review and comment by such the Fund's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds Administrator and the Sub-Administrator: a. Oversee the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; c. Review calculation, submit for approval by officers of the Fund and arrange for payment of the Fund's expenses; d. Prepare for review and approval by officers of the Fund financial information for contained within the Fund's semi-annual and annual shareholder reports, proxy statements Form N-Q reports and other communications required or otherwise to be sent to Fund shareholdersquarterly reports (as mutually agreed upon), including tax footnote disclosures where applicable; b. Coordinate the audit of the Fund's financial statements by the Fund's independent accountants, including the preparation of supporting audit workpapers and other schedules, and arrange for the printing and dissemination of make such reports and communications recommendations to shareholdersthe Board concerning the performance of the independent accountants as the Board may reasonably request; e. c. Prepare for review by an officer of and legal counsel for the Fund the Fund's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or N-1A, Form N-2 N-CSR and such other reports, forms or filings as may be mutually agreed upon; f. d. Prepare reports relating to the business and affairs for review by an officer of the Fund as may be mutually agreed upon annual fund expense budgets, perform accrual analyses and not otherwise prepared by the Fund's investment adviserrollforward calculations and recommend changes to fund expense accruals on a periodic basis, custodian, legal counsel or independent accountants; g. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. Make such reports and recommendations to the Board concerning the performance and fees arrange for payment of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. Oversee and expenses, review calculations of fees paid to the Fund's investment adviser, custodian custodian, fund accountant, distributor, if any, and Transfer Agenttransfer agent, and obtain authorization of accrual changes and expense payments; e. Provide periodic testing of portfolios with respect to compliance with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and the Fund's prospectus limitations as may be mutually agreed upon, including quarterly compliance reporting to the Fund's officers as well as preparation of Board compliance materials; f. Prepare and disseminate vendor survey information; g. Prepare and coordinate the filing of Rule 24f-2 notices, including coordination of payment; h. Provide sub-certificates in connection with the certification requirements of the Xxxxxxxx-Xxxxx Act of 2002 with respect to the services provided by State Street; i. Maintain certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act, as may be mutually agreed upon; j. Consult with the Fund's officers, independent accountants, legal counsel, custodian custodian, fund accountant, distributor, and Transfer Agent transfer agent in establishing the accounting policies of the Fund; k. Respond toPrepare agenda and background materials for Board and Committee meetings, or refer to the Fund's officers or Transfer Agentmake presentations at Board and Committee meetings where appropriate, prepare minutes and follow-up on matters raised at Board and Committee meetings and attend shareholder inquiries relating to the Fundmeetings and prepare minutes; l. Provide periodic testing of portfolios to assist Prepare for filing with the Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed uponSEC Form N-CSR; m. Review and provide assistance on shareholder communicationsFile with the SEC Form N-PX; n. Maintain general Board calendars and regulatory filings calendars; o. Maintain copies of the Fund's charter and by-laws; o. File annual p. Act as liaison to legal counsel to the Fund if desired and, where applicable, to legal counsel to the Fund's independent Board members; q. Assist in developing guidelines and semi-annual shareholder reports procedures to improve overall compliance by the Fund; r. Assist the Fund in the handling of routine regulatory examinations and work closely with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel)counsel in response to any non-routine regulatory matters; p. s. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines t. Prepare performance information such as before and procedures to improve overall compliance by the Fund and its various agentsafter-tax total returns; r. Counsel u. Coordinate with insurance providers, including soliciting bids for Directors & Officers/Errors & Omissions insurance and assist fidelity bond coverage, file fidelity bonds with the Fund in the handling of routine regulatory examinations SEC and work closely with make related Board presentations; v. Compute tax basis provisions for both excise and income tax purposes; w. Prepare each Fund's federal, state, and local income tax returns and extension requests for review by the Fund's legal counsel in response to any nonindependent accountants and execution by the Fund's treasurer; and file tax returns, including Form 1120-routine regulatory mattersRIC, Form 8613 and Form 1099-MISC; Coordinate Form 1099-DIV mailings on the Form 1099-DIV; s. Prepare x. Review periodic income distribution calculations and file with the SEC Rule 24f-2 noticesannual minimum distribution calculations (income and capital gain) prior to their declaration; and t. Perform Blue Sky y. Supply the Fund with officers, as necessary. The Sub-Administrator shall perform such other services pursuant for the Fund that are mutually agreed to by the parties from time to time, for which the Fund will pay such fees as may be mutually agreed upon, including the Sub-Administrator's reasonable out-of-pocket expenses. The provision of such services shall be subject to the specific instructions terms and conditions of the Fund and as detailed in Schedule B to this Agreement. The Sub-Administrator shall provide the office facilities and the personnel required determined by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision and direction of the respective Funds Trust and the review and comment by such Fundthe Trust's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds Trust and the Administrator: a. Oversee the determination and publication of the FundTrust's net asset value in accordance with the FundTrust's policy as adopted from time to time by the Board; b. Oversee the maintenance by the FundTrust's custodian of certain books and records of the Fund Trust as required under Rule 31a-1(b) of the 1940 Act; c. Prepare the Trust's federal, state and local income tax returns for review by the Trust's independent accountants and execution by the Trust's treasurer; file the Trust's federal, state and local income tax returns; d. Review calculation, submit for approval by officers of the Fund Trust and arrange for payment of the FundTrust's expenses; d. e. Prepare for review and approval by officers of the Fund Trust financial information for the FundTrust's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund Trust shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. f. Prepare for review by an officer of and legal counsel for the Fund Trust the FundTrust's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. g. Prepare reports relating to the business and affairs of the Fund Trust as may be mutually agreed upon and not otherwise prepared by the FundTrust's investment adviser, custodian, legal counsel or independent accountants; g. h. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. i. Make such reports and recommendations to the Board concerning the performance and fees of the FundTrust's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. j. Oversee and review calculations of fees paid to the FundTrust's investment adviser, custodian and Transfer Agent; j. k. Consult with the FundTrust's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the FundTrust; k. l. Respond to, or refer to the FundTrust's officers or Transfer Agent, shareholder inquiries relating to the FundTrust; l. m. Provide periodic testing of portfolios to assist the FundTrust's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund Trust prospectus limitations as may be mutually agreed upon; m. n. Review and provide assistance on shareholder communications; n. o. Maintain general corporate calendar; p. Maintain copies of the FundTrust's charter Agreement and Declaration of Trust and by-laws; o. q. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Trust Performance" (which shall also be subject to review by the FundTrust's legal counsel); p. r. Organize, attend and prepare minutes of shareholder meetings; s. Provide consultation on regulatory matters relating to portfolio management, Trust operations and any potential changes in the Trust's investment policies, operations or structure; act as liaison to legal counsel to the Trust and, where applicable, to legal counsel to the Trust's independent Board members; t. Prepare performance information such as before and after-tax total returns; u. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the FundTrust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. v. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund Trust and its various agents; r. w. Counsel and assist the Fund Trust in the handling of routine regulatory examinations and work closely with the FundTrust's legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust's legal counsel: x. Prepare for filing with the SEC amendments to the Trust's registration statement, including updating the Prospectus and Statement of Additional Information, where applicable; s. y. Prepare for filing with the SEC proxy statements; provide consultation on proxy solicitation matters; z. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings; aa. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to bb. Supply the specific instructions of the Fund and Trust with officers, as detailed in Schedule B to this Agreementnecessary. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, services subject to the control, supervision and direction of the respective Funds Fund and the to review and comment correction by such the Fund's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds Fund and the Administrator: a. Oversee the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; b. Prepare the Fund's federal, state and local income tax returns for review by the Fund's independent accountants and filing by the Fund's treasurer; c. Review calculation, submit for approval by officers of the Fund and arrange for payment of the Fund's expenses; d. Prepare for review and approval by officers of the Fund financial information for the Fund's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. Prepare for review by an officer of and legal counsel for the Fund Fund, the Fund's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. Prepare reports relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise prepared by the Fund's investment adviser, custodian, legal counsel or independent accountantsauditors; g. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. Oversee and review calculations of fees paid to the Fund's investment adviser, the custodian and Transfer Agentthe transfer agent; j. h. Consult with the Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent transfer agent in establishing the accounting policies of the Fund; k. i. Respond to, to or refer to the Fund's officers or Transfer Agenttransfer agent, shareholder inquiries relating to the Fund; l. j. Provide periodic testing of portfolios to assist the Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. Review k. Prepare Rule 24f-2 Notices; and l. Prepare and provide assistance on shareholder communications; n. Maintain copies file all state registrations of the Fund's charter and by-laws; o. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and securities as detailed in Schedule B C to this Agreement. The Administrator shall will also provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, case subject to the control, supervision and direction of the respective Funds Fund and the review and comment by such Fund's the auditors and legal counsel for the Fund and in accordance with procedures which may be established from time to time between the Funds Fund and the Administrator: a. Oversee the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; b. Prepare the Fund's federal, state and local income tax returns for review by the Fund's independent accountants and filing by the Fund's treasurer; c. Review calculationReview, calculate, submit for approval by officers of the Fund and arrange for payment of the Fund's expenses; d. Prepare for review and approval by officers of the Fund financial information for the Fund's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, with shareholders and arrange for the printing and dissemination of such reports and communications to with shareholders; e. Prepare for review by an officer of and legal counsel for the Fund Fund, the Fund's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and Form N-Q, financial information required by Form N-1A or Form N-2 N-2, and such other reports, forms or filings as may be mutually agreed upon; f. Prepare reports relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise prepared by the Fund's investment adviseradvisers, custodian, legal counsel or independent accountants; g. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. Oversee and review calculations of fees paid to the Fund's investment adviser, custodian and Transfer Agenttransfer agent; j. h. Consult with the Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent transfer agent in establishing the accounting policies of the Fund; k. i. Respond to, to or refer to the Fund's officers or Transfer Agenttransfer agent, shareholder inquiries relating to the Fund; l. j. Provide periodic testing of portfolios the Fund's portfolio to assist the Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon;; and m. k. Review and provide assistance on shareholder communications; n. Maintain copies of the Fund's charter and by-laws; o. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance implementation by the Fund and its various agents; r. Counsel and assist of any dividend reinvestment programs authorized by the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and as detailed in Schedule B to this AgreementBoard. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision control and direction of the respective Funds Advisors and the review and comment by such the Fund's auditors independent accountants and legal counsel and in accordance with procedures which may be established from time to time between the Funds Advisors and the Administrator: a. Oversee the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; c. Prepare the Fund's federal, state and local income and excise tax returns for review by Advisors and the Fund's independent accountants and officers and filing by a Fund officer or representative; d. Review calculationcalculation and appropriateness, submit for approval by officers of the Fund and arrange for payment of the Fund's expenses; d. e. Prepare for review and approval by Advisors and officers of the Fund financial information for the Fund's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, and arrange consult with Advisors regarding arrangements for the printing and dissemination of such reports and communications to shareholders; e. f. Prepare for review by an officer Advisors and officers of and legal counsel for the Fund Fund: (1) the Fund's periodic financial reports required to be filed with the U.S. Securities and Exchange Commission ("SEC") on Form N-SAR and file thereafter; and (2) financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. g. Prepare and distribute reports to Advisors and officers of the Fund relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise prepared by the Fund's investment adviser, custodian, legal counsel or independent accountantsupon; g. h. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably requestrequest or deems appropriate; h. i. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. j. Oversee and review calculations of fees paid to and any out-of-pocket expenses charged by the Fund's investment adviser, custodian manager and Transfer Agentcustodian; j. k. Consult with the Fund's officers, independent accountants, legal counsel, custodian and transfer and dividend disbursing agent ("Transfer Agent Agent") in establishing the accounting policies of the Fund; k. Respond to, or refer to l. Review implementation of any dividend reinvestment programs authorized by the Fund's officers or Transfer Agent, shareholder inquiries relating to the FundBoard; l. m. Provide periodic testing of portfolios as may be mutually agreed upon, to assist the Fund's investment adviser manager in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. Review limitations, prepare and provide assistance on shareholder communications; n. Maintain copies disseminate to the officers of the Fund and Advisors reports providing the results of such testing, prepare and distribute to Advisors and officers of the Fund for review, reports determining the amount, if any, of the Fund's charter required annual distribution to shareholders and by-lawsprepare and disseminate to the officers of the Fund and Advisors such other reports as may be agreed upon from time to time and as are set forth in Schedule B to this Agreement. Details of the scope of the services provided by the Administrator hereunder shall be documented in the Fund Profile as agreed to by Advisors and the Administrator from time to time; n. Arrange for the filing with the SEC by means of the electronic data gathering and receiving system ("EDGAX") xmendments to the Fund's registration statement, including updates to the Prospectus and Statement of Additional Information and proxy material, where applicable. Unless otherwise agreed upon between Advisors and the Administrator, the Administrator's sole responsibility with respect to such filings will be to deliver the documents to be filed to a financial printer or other service provider selected or approved by Advisors and to communicate to such financial printer or service provider Advisors' instructions with respect to such filings. Any such financial printer or service provider shall not be deemed to be employed by or associated with the Administrator for purposes of this Agreement and the Administrator shall have no responsibility for the acts or omissions of such financial printer or service provider; Subject to review and comment by the Fund and the Fund's legal counsel: o. Make Board presentations where appropriate; p. Prepare for review by Advisors and officers of the Fund and file or assist in filing thereafter Rule 24f-2 notices with the SEC; q. File by means of EDGAX xx other appropriate means annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents;and r. Counsel and assist Assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and as detailed in Schedule B to this Agreement. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision control and direction of the respective Funds Fund and the review and comment by such the Fund's auditors independent accountants and legal counsel and in accordance with procedures which may be established from time to time between the Funds Fund and the Administrator: a. Oversee the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; c. Prepare the Fund's federal, state and local income and excise tax returns for review by the Fund's independent accountants and officers and filing by a Fund officer or representative; d. Review calculationcalculation and appropriateness, submit for approval by officers of the Fund and arrange for payment of the Fund's expenses; d. e. Prepare for review and approval by officers of the Fund financial information for the Fund's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, and arrange consult with Advisors regarding arrangements for the printing and dissemination of such reports and communications to shareholders; e. f. Prepare for review by an officer officers of and legal counsel for the Fund Fund: (1) the Fund's periodic financial reports required to be filed with the U.S. Securities and Exchange Commission ("SEC") on Form N-SAR and file thereafter; and (2) financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. g. Prepare and distribute reports to officers of the Fund relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise prepared by the Fund's investment adviser, custodian, legal counsel or independent accountants; g. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably requestupon; h. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. Oversee and review calculations of fees paid to and any out-of-pocket expenses charged by the Fund's investment adviser, custodian and Transfer Agent; j. Consult with the Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the Fund; k. Respond to, or refer to the Fund's officers or Transfer Agent, shareholder inquiries relating to the Fund; l. Provide periodic testing of portfolios as may be mutually agreed upon, to assist the Fund's investment adviser manager in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. Review limitations, prepare and provide assistance on shareholder communications; n. Maintain copies disseminate to the officers of the Fund's charter and by-laws; o. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and as detailed in Schedule B to this Agreement. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision and direction of the respective Funds Trust and the review and comment by such Fundthe Trust's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds Trust and the Administrator: a. Oversee the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the FundTrust's custodian of certain books and records of the Fund Trust as required under Rule 31a-1(b) Section 31 of the 1940 Act, including any Rules promulgated thereunder; b. Prepare the Trust's federal, state and local income tax returns for review by the Trust's independent accountants and filing by the Trust's treasurer; c. Review calculation, submit for approval by officers of the Fund Trust and arrange for payment of the FundTrust's expenses; d. Prepare for review and approval by officers of the Fund Trust financial information and related supporting schedules for the FundTrust's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund Trust shareholders, and arrange for the printing and dissemination of such reports and communications to shareholdersrecord and beneficial shareholders through The Depository Trust Company and supply backup data for such reports and communications for the independent auditors of the Funds; e. Prepare for review by an officer of and legal counsel for the Fund Trust and file as appropriate the FundTrust's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. Prepare such periodic reports relating to the business and affairs of the Fund Trust as may be mutually agreed upon by the parties from time to time and not otherwise prepared by the FundTrust's investment adviser, custodian, legal counsel or independent accountants; g. Prepare recommendations as to each Fund's income and capital gains available for distribution; calculate such distributions for each Fund in accordance with applicable regulations and the distribution policies set forth in the Trust's registration statement, and assist Trust management in making final determination of distribution amounts; h. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. Oversee and review calculations of fees paid to the FundTrust's investment adviser, custodian and Transfer Agenttransfer agent; j. Consult with the FundTrust's officers, independent accountants, legal counsel, custodian and Transfer Agent transfer agent in establishing the accounting policies of the FundTrust; k. Respond to, or refer to the FundTrust's officers or the Distributor or the Transfer Agent, shareholder inquiries relating to the FundTrust; l. Provide periodic testing of portfolios and related written reports as agreed upon between the parties to assist the FundTrust's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund Trust prospectus limitations as may be mutually agreed uponupon and prompt notice in writing of breaches or potential breaches of any such requirement or guideline in such form(s) as agreed upon between the parties; m. Review and provide assistance on shareholder communications; n. Maintain general corporate calendar; o. Maintain copies of the FundTrust's charter Declaration of Trust and by-laws; o. p. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Trust Performance" (which shall also be subject to review by the FundTrust's legal counsel); p. q. Organize, attend and prepare minutes of shareholder meetings; r. Provide consultation on regulatory matters relating to portfolio management, Trust operations and any potential changes in the Trust's investment policies, operations or structure; act as liaison to legal counsel to the Trust and, where applicable, to legal counsel to the Trust's independent Board members; s. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the FundTrust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. t. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund Trust and its various agents; r. u. Counsel and assist the Fund Trust in the handling of routine regulatory examinations and work closely with the FundTrust's legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust's legal counsel: v. Prepare and file with the SEC applications for exemptive and/or no-action relief related to the Funds and the Trust's registration statement and any amendments thereto, including updating the Prospectus and Statement of Additional Information, where applicable; s. w. Prepare and file with the SEC proxy statements; provide consultation on proxy solicitation matters; x. Prepare agenda and background materials for Board meetings, including Board reports as required by applicable law, regulation or the Trust's procedures and any other reports or materials requested by the Trust or the Trust's legal counsel, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings; y. Prepare and file with the SEC Rule 24f-2 notices; and; t. z. Perform Blue Sky services pursuant to the specific instructions of the Fund Trust and as detailed in Schedule B hereto; and aa. Prepare or oversee the preparation and filing of all notices to this Agreementthe Exchange. The Administrator shall provide provide, at its own cost, the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following servicesservice, in each case, subject to the control, supervision and direction of the respective Funds and the review and comment by such Fund's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds and the Administrator: a. Oversee the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; b. Prepare the Fund's federal, state and local income tax returns for review by the Fund's independent accountants and filing by the Fund's treasurer; c. Review the calculation, submit for approval by officers of the Fund and arrange for payment of the Fund's expenses, calculate expense ratios and recommend expense adjustments; d. Prepare for review and approval by officers of the Fund financial information for the Fund's semi-annual and annual reports, proxy statements, prospectuses, statements of additional information, and other communications required or otherwise to be sent to Fund shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. Prepare for review by an officer of and legal counsel for the Fund the Fund's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. Prepare reports relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise prepared by the Fund's investment adviser, custodian, legal counsel or independent accountants; g. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. Oversee and review calculations of fees paid by the Fund (or out of the advisory fee) to the Fund's investment adviser, custodian and any sub-adviser, co-administrator, distributor, custodian, Transfer Agent, and other service providers; j. i. Consult with the Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the Fund; k. Respond to, or refer j. Refer to the Fund's officers or Transfer Agent, shareholder shareholders inquiries relating to the Fund; l. k. Provide periodic monthly testing of portfolios to assist the Fund's investment adviser Fund in complying with Internal Revenue Code mandatory qualification requirements, and daily testing of portfolios to assist the Fund in complying with the requirements of the 1940 Act and Fund prospectus prospectus/statement of additional information limitations as may be mutually agreed upon; m. l. Review and provide assistance on shareholder communications; n. Maintain copies of the Fund's charter and by-laws; o. m. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" letters to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. n. Prepare and furnish the Fund (at the Fund's request) with portfolio turnover rate and performance information (including total return information), including such information on an after-tax basis, calculated in accordance with applicable U.S. securities laws and reporting to external databases such information as may reasonably be requested; o. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. p. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. q. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; r. Attend Board meetings at the request of Fund officers; s. Prepare and file with the SEC Rule 24f-2 notices; t. Prepare quarterly broker security transactions summaries; and t. Perform Blue Sky u. Provide such services pursuant ancillary to the specific instructions of the Fund and above as detailed in Schedule B are typically provided by administrators to this Agreementinvestment companies which are agreed to by all parties hereto. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Sub-Administrator shall provide the following services, in each case, subject to the control, supervision and direction of the respective Funds Administrator and the Fund and the review and comment by such the Fund's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds Fund, the Administrator, and the Sub- Administrator: a. Oversee the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; c. Prepare the Fund's federal, state and local income tax returns for review by the Fund's independent accountants and filing by the Fund's treasurer; 4 d. Review calculation, submit for approval by officers of the Fund and arrange for payment of the Fund's expenses; d. e. Prepare for review and approval by officers of the Fund financial information for the Fund's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. f. Prepare for review by an officer of and legal counsel for the Fund the Fund's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. g. Prepare reports relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise prepared by the Fund's investment adviser, custodian, legal counsel or independent accountants; g. h. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. i. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. j. Oversee and review calculations of fees paid to the Fund's investment adviser, custodian and Transfer Agent; j. k. Consult with the Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the Fund; k. l. Review implementation of any dividend reinvestment programs authorized by the Board; m. Respond to, or refer to the Fund's officers or Transfer Agent, shareholder inquiries relating to the Fund; l. n. Provide periodic testing of portfolios to assist the Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. Review and provide assistance on shareholder communications; n. Maintain copies of the Fund's charter and by-laws; o. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject Subject to review and comment by the Fund's legal counsel);: p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. o. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services p. Prepare and file state registrations of the Fund's securities pursuant to the specific instructions of the Fund and as detailed in Schedule B C to this Agreement. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator Ultimus shall provide each Fund with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities for handling the following services, in each case, subject to affairs of such Fund; and shall provide such other services as such Fund may request that Ultimus perform consistent with its obligations under this Agreement. Without limiting the control, supervision and direction generality of the respective Funds and the review and comment by such foregoing, Ultimus shall, with respect to each Fund's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds and the Administrator: a. Oversee the determination and publication of the Fund's net asset value in accordance (a) Consult with the Fund's policy as adopted from time to time by officers, registered independent public accounting firm, legal counsel, custodian, accounting agent and transfer agent in establishing and maintaining the Boardaccounting policies of the Fund; b. (b) Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(bthe 1940 Act and maintain (or oversee maintenance by such other persons as approved by the Board) such other books and records (other than those maintained by the investment adviser and other Fund service providers) required by law or for the proper operation of the 1940 ActFund; c. (c) Review calculation, submit for approval by officers the appropriateness of the Fund and arrange for the payment of the Fund's expenses; d. (d) Oversee and review calculations of fees paid to Ultimus, the Fund's investment adviser, its custodian, and any other service providers of the Fund as determined and recorded by the Fund's accounting agent; (e) Prepare, maintain and disseminate total return performance calculations on at least a quarterly basis; (f) Prepare for review and approval by officers of the Fund Fund, financial information for the Fund's quarterly, semi-annual, annual and annual other periodic reports, proxy statements and other communications with shareholders required or otherwise to be sent to Fund the Fund's shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. (g) Prepare for review by an officer of and legal counsel for the Fund Fund, the Fund's periodic financial reports required to be incorporated into and filed with the Securities and Exchange Commission ("SEC") on Form Forms N-SAR and financial information CEN, N-Q (or, at such time as required by the SEC, N-PORT), N-CSR, Form N-1A or Form N-2 N-2, and such other reports, forms forms, or filings filings, as may be mutually agreed upon; f. (h) Prepare the financial information for certain SEC filings (e.g., proxy statements), review such filings as prepared by the Fund's counsel in their entirety and provide comments to the Fund's management and other appropriate parties (e.g., legal counsel); (i) Provide information to assist in the preparation and the filing of the Fund's federal, state and local income tax returns and any other required tax return; (j) Prepare, distribute and file with the Internal Revenue Service, Form 1099-MISC for payments made to the Fund's directors, legal counsel and independent registered public accounting firm, as applicable; (k) Ensure proper notification accompanying dividend and distribution payment(s), if applicable, and year-end reporting of such dividends and distributions; (l) Develop and implement procedures to assist the investment adviser in monitoring, on a periodic basis, compliance with regulatory requirements and the Fund's investment objectives, policies and restrictions as set forth in the Fund's registration statement and as amended by the Board and by the Fund's shareholders; (m) Review implementation of any stock purchase or dividend reinvestment programs authorized by the Board; (n) Review of dividend and distribution notifications sent to Fund shareholders; (o) Assist the Fund in obtaining any required insurance; (p) File with the SEC the fidelity bond and arrange for the preparation of a memorandum or other appropriate correspondence that outlines the terms and conditions of such policy; (q) Prepare such financial information reports as may be required by any stock exchange or exchanges on which the Fund's shares are listed; (r) Monitor any share repurchase program the Fund may engage in, including the timely reporting of such information to any stock exchange or exchanges on which the Fund's shares are listed; (s) Draft the notice and agenda for any regularly scheduled board meetings, audit committee meeting or other meetings of committees of the board. Such notices and agendas will be subject to the approval of Fund counsel and Fund management prior to the distribution to the Board or any committee members thereof; (t) Assist Fund management and Fund counsel in the coordination of the production and distribution of the board materials to the directors, officers and other directly-interested parties (e.g., legal counsel, independent registered public accounting firm) and provide meeting facilities, if necessary; (u) Review drafts of the minutes of meetings of the Board (including committees thereof) and shareholder meetings as prepared by Fund counsel or other competent parties, incorporating comments and revisions received from Fund management, Fund counsel and other interested parties; (v) Manage the process with respect to the shareholder meetings. Specifically, arrange for the solicitation of proxies (including engaging a proxy solicitor), assist with the tabulation of votes, and provide the meeting facilities, if necessary; (w) Gather news and market updates on the Fund; (x) Respond to or refer to the Fund's officers or its transfer agent, shareholder inquiries relating to the Fund; (y) Prepare reports relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise appropriately prepared by the Fund's investment adviser, its custodian, transfer agent, legal counsel or independent accountantsregistered public accounting firm; g. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. (z) Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") other service providers as the Board may reasonably request or deems deem appropriate; i. Oversee (aa) Provide communication and review calculations of fees paid coordination services with regard to the Fund's investment adviser, custodian and Transfer Agent; j. Consult with the Fund's officers, independent accountants, legal counselits transfer agent, custodian and Transfer Agent in establishing the accounting policies of other service providers that render recordkeeping or shareholder communication services to the Fund;; and k. Respond to, or refer (bb) Provide such assistance to the Fund's officers or Transfer Agentinvestment adviser, shareholder inquiries relating to the Fund; l. Provide periodic testing of portfolios to assist the Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirementsits custodian, the requirements of the 1940 Act transfer agent, legal counsel and Fund prospectus limitations independent registered public accounting firm as generally may be mutually agreed upon; m. Review required to properly carry on the business and provide assistance on shareholder communications; n. Maintain copies operations of the Fund's charter and by-laws; o. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and as detailed in Schedule B to this Agreement. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision authorization and direction of the respective Funds and each Trust and, in each case where appropriate, the review and comment by such Fund's auditors the Trusts' independent accountants and legal counsel and in accordance with procedures which may be established from time to time between the Funds Trusts and the Administrator:: Fund Administration Treasury Services a. Oversee Prepare for the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time review by the Board; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(bdesignated officer(s) of the 1940 Act; c. Review calculation, submit for approval by officers of the Fund and arrange for payment of the Fund's expenses; d. Prepare for review and approval by officers of the Fund Trusts financial information for regarding the Fund's Fund(s) that will be included in the Trusts' semi-annual and annual shareholder reports, proxy statements Form N-Q reports and other communications required or otherwise to be sent to Fund shareholdersquarterly reports (as mutually agreed upon), including tax footnote disclosures where applicable; b. Coordinate the audit of the Trusts' financial statements by the Trusts' independent accountants, including the preparation of supporting audit workpapers and other schedules, and arrange for the printing and dissemination of make such reports and communications recommendations to shareholdersthe Board (or the Audit Committee of the Board ("Audit Committee")) concerning the performance of the independent accountants as the Board or the Audit Committee may reasonably request; e. c. Prepare for the review by an officer designated officer(s) of and legal counsel for the Fund Trusts the Fund's Trusts' periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") SEC on Form N-SAR and financial information required by Form N-1A or Form N-2 N-1A, proxy statements and such other reports, forms or filings as may be mutually agreed upon; d. Provide sub-certificates in connection with the certification requirements of the Sarbanes-Oxley Act of 2002 with respect to the xxxxices provided by the Administrator; Fund Administration Tax Services e. Compute tax basis provisions for both excise and income tax purposes; f. Prepare reports relating to the business Fund(s)' federal, state, and affairs of the Fund as may be mutually agreed upon local income tax returns and not otherwise prepared extension requests for review and for execution and filing by the FundTrusts' independent accountants and execution and filing by the Trust's investment advisertreasurer, custodianincluding Form 1120-RIC, legal counsel or independent accountantsForm 8613 and Form 1099-MISC; g. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request;Coordinate Form 1099-DIV mailings; and h. Make Review and sign off on annual minimum distribution calculations (income and capital gain) prior to their declaration. The Administrator shall perform such reports and recommendations other services for the Trusts that are mutually agreed to by the Board concerning parties from time to time, for which the performance and Trusts will pay such fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. Oversee and review calculations of fees paid to the Fund's investment adviser, custodian and Transfer Agent; j. Consult with the Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the Fund; k. Respond to, or refer to the Fund's officers or Transfer Agent, shareholder inquiries relating to the Fund; l. Provide periodic testing of portfolios to assist the Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. Review and provide assistance on shareholder communications; n. Maintain copies , including the Administrator's reasonable out-of-pocket expenses. The provision of the Fund's charter and by-laws; o. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which such services shall also be subject to review by the Fund's legal counsel); p. Maintain continuing awareness terms and conditions of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and as detailed in Schedule B to this Agreement. The Administrator shall provide the office facilities and the personnel required determined by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision control and direction of the respective Funds Advisors and the review and comment by such the Fund's auditors independent accountants and legal counsel and in accordance with procedures which may be established from time to time between the Funds Advisors and the Administrator: a. Oversee the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; c. Prepare the Fund's federal, state and local income and excise tax returns for review by Advisors and the Fund's independent accountants and officers and filing by a Fund officer or representative; d. Review calculationcalculation and appropriateness, submit for approval by officers of the Fund and arrange for payment of the Fund's expenses; d. e. Prepare for review and approval by Advisors and officers of the Fund financial information for the Fund's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, and arrange consult with Advisors regarding arrangements for the printing and dissemination of such reports and communications to shareholders; e. f. Prepare for review by an officer Advisors and officers of and legal counsel for the Fund Fund: (1) the Fund's periodic financial reports required to be filed with the U.S. Securities and Exchange Commission ("SEC") on Form N-SAR and file thereafter; and (2) financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. g. Prepare and distribute reports to Advisors and officers of the Fund relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise prepared by the Fund's investment adviser, custodian, legal counsel or independent accountantsupon; g. h. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably requestrequest or deems appropriate; h. i. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. j. Oversee and review calculations of fees paid to and any out-of-pocket expenses charged by the Fund's investment advisermanager, custodian and Transfer Agent; j. k. Consult with the Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the Fund; k. l. Review implementation of any dividend reinvestment programs authorized by the Board; m. Respond to, or refer to the Fund's officers or Transfer Agent, shareholder inquiries relating to the Fund; l. n. Provide periodic testing of portfolios as may be mutually agreed upon, to assist the Fund's investment adviser manager in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. Review limitations, prepare and provide assistance on shareholder communications; n. Maintain copies disseminate to the officers of the Fund and Advisors reports providing the results of such testing, prepare and distribute to Advisors and officers of the Fund for review, reports determining the amount, if any, of the Fund's charter required annual distribution to shareholders and by-lawsprepare and disseminate to the officers of the Fund and Advisors such other reports as may be agreed upon from time to time and as are set forth in Schedule D to this Agreement. Details of the scope of the services provided by the Administrator hereunder shall be documented in the Fund Profile as agreed to by Advisors and the Administrator from time to time; o. Arrange for the filing with the SEC by means of the electronic data gathering and receiving system ("XXXXX") amendments to the Fund's registration statement, including updates to the Prospectus and Statement of Additional Information and proxy material, where applicable. Unless otherwise agreed upon between Advisors and the Administrator, the Administrator's sole responsibility with respect to such filings will be to deliver the documents to be filed to a financial printer or other service provider selected or approved by Advisors and to communicate to such financial printer or service provider Advisors' instructions with respect to such filings. Any such financial printer or service provider shall not be deemed to be employed by or associated with the Administrator for purposes of Section 6 of this Agreement and the Administrator shall have no responsibility for the acts or omissions of such financial printer or service provider; Subject to review and comment by the Fund's legal counsel: p. Make Board presentations where appropriate; q. Prepare for review by Advisors and officers of the Fund and file or assist in filing thereafter Rule 24f-2 notices with the SEC; r. Prepare and file all state Notice and any other filings in connection with the offer or sale of the Fund's shares pursuant to the specific instructions of Advisors as detailed in Schedules B and C to this Agreement and as such Schedule C is amended from time to time and provide Advisors with reports on the sale of the Fund's shares in each respective state such shares are offered or sold; s. File by means of XXXXX or other appropriate means annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel);and p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist t. Assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and as detailed in Schedule B to this Agreement. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator Ultimus shall provide the following Fund with regulatory reporting services; shall provide all necessary office space, in each caseequipment, subject to personnel, compensation and facilities for handling the control, supervision and direction of the respective Funds and the review and comment by such Fund's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds and the Administrator: a. Oversee the determination and publication affairs of the Fund's net asset value in accordance ; and shall provide such other services as the Fund may request that Ultimus perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall: (a) Consult with the Fund's policy as adopted from time to time by ’s officers, registered independent public accounting firm, legal counsel, custodian, accounting agent and transfer agent in establishing and maintaining the Boardaccounting policies of the Fund; b. (b) Oversee the maintenance by the Fund's ’s custodian of certain books and records of the Fund as required under Rule 31a-1(bthe 1940 Act and maintain (or oversee maintenance by such other persons as approved by the Board) such other books and records (other than those maintained by the investment adviser and other Fund service providers) required by law or for the proper operation of the 1940 ActFund; c. (c) Review calculation, submit for approval by officers the appropriateness of the Fund and arrange for the payment of the Fund's ’s expenses; d. (d) Oversee and review calculations of fees paid to Ultimus, the Fund’s investment adviser, its custodian, and any other service providers of the Fund as determined and recorded by the Fund’s accounting agent; (e) Prepare, maintain and disseminate total return performance calculations on at least a quarterly basis; (f) Prepare for review and approval by officers of the Fund Fund, financial information for the Fund's ’s quarterly, semi-annual, annual and annual other periodic reports, proxy statements and other communications with shareholders required or otherwise to be sent to Fund the Fund’s shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. (g) Prepare for review by an officer of and legal counsel for the Fund the Fund's , the Fund’s periodic financial reports required to be incorporated into and filed with the Securities and Exchange Commission ("“SEC"”) on Form N-Q, Form N-CSR. Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings filings, as may be mutually agreed upon; f. (h) Prepare the financial information for certain SEC filings (e.g., proxy statements), review such filings as prepared by the Fund’s counsel in their entirety and provide comments to the Fund’s management and other appropriate parties (e.g., legal counsel); (i) Provide information to assist in the preparation and the filing of the Fund’s federal, state and local income tax returns and any other required tax return; (j) Prepare, distribute and file with the Internal Revenue Service, Form 1099-MISC for payments made to the Fund’s directors, legal counsel and independent registered public accounting firm, as applicable; (k) Ensure proper notification accompanying dividend and distribution payment(s), if applicable, and year-end reporting of such dividends and distributions; (l) Develop and implement procedures to assist the investment adviser in monitoring, on a periodic basis, compliance with regulatory requirements and the Fund’s investment objectives, policies and restrictions as set forth in the Fund’s prospectus and as amended by the Board and by the Fund’s shareholders; (m) Review implementation of any stock purchase or dividend reinvestment programs authorized by the Board; (n) Review of dividend and distribution notifications sent to Fund shareholders; (o) Assist the Fund in obtaining any required insurance; (p) File with the SEC the fidelity bond and arrange for the preparation of a memorandum or other appropriate correspondence that outlines the terms and conditions of such policy; (q) Prepare such financial information reports as may be required by any stock exchange or exchanges on which the Fund’s shares are listed; (r) Monitor any share repurchase program the Fund may engage in, including the timely reporting of such information to any stock exchange or exchanges on which the Fund’s shares are listed; (s) Draft the notice and agenda for any regularly scheduled board meetings, audit committee meeting or other meetings of committees of the board. Such notices and agendas will be subject to the approval of Fund counsel and Fund management prior to the distribution to the Board or any committee members thereof; (t) Assist Fund management and Fund counsel in the coordination of the production and distribution of the board materials to the directors, officers and other directly-interested parties (e.g., legal counsel, independent registered public accounting firm) and provide meeting facilities, if necessary; (u) Review drafts of the minutes of meetings of the Board (including committees thereof) and shareholder meetings as prepared by Fund counsel or other competent parties, incorporating comments and revisions received from Fund management, Fund counsel and other interested parties; (v) Manage the process with respect to the shareholder meetings. Specifically, arrange for the solicitation of proxies (including engaging a proxy solicitor), oversee the tabulation of votes, and provide the meeting facilities, if necessary; (w) Gather news and market updates on the Fund; (x) Respond to or refer to the Fund’s officers or its transfer agent, shareholder inquiries relating to the Fund; (y) Prepare reports relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise appropriately prepared by the Fund's ’s investment adviser, its custodian, transfer agent, legal counsel or independent accountantsregistered public accounting firm; g. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. (z) Make such reports and recommendations to the Board concerning the performance and fees fees’ of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") ’s other service providers as the Board may reasonably request or deems deem appropriate; i. Oversee (aa) Provide communication and review calculations of fees paid coordination services with regard to the Fund's ’s investment adviser, custodian and Transfer Agent; j. Consult with the Fund's officers, independent accountants, legal counselits transfer agent, custodian and Transfer Agent in establishing other service providers that render recordkeeping or shareholder communication services to the Fund; and (bb) Provide such assistance to the Fund’s investment adviser, its custodian, transfer agent, legal counsel and independent registered public accounting policies firm as generally may be required to properly carry on the business and operations of the Fund; k. Respond to, or refer to the Fund's officers or Transfer Agent, shareholder inquiries relating to the Fund; l. Provide periodic testing of portfolios to assist the Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. Review and provide assistance on shareholder communications; n. Maintain copies of the Fund's charter and by-laws; o. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and as detailed in Schedule B to this Agreement. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, case subject to the control, supervision and direction of the respective Funds Fund and the review and comment by such Fund's the auditors and legal counsel for the Fund and in accordance with procedures which may be established from time to time between the Funds Fund and the Administrator: a. Oversee the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b31a-1(b)(4) of the 1940 Act; b. Prepare the Fund's federal, state and local income tax returns for review by the Fund's independent accountants and filing by the Fund's treasurer; c. Review calculation, submit for approval by officers of the Fund and arrange for payment of the Fund's expenses; d. Prepare for review and approval by officers of the Fund financial information for the Fund's semi-annual and annual reports, proxy statements and other communications required or otherwise with shareholders and forward such information to be sent the financial printer in order to Fund shareholders, and arrange for facilitate the printing and dissemination of such reports and communications to with shareholders; e. Prepare for review by an officer of and legal counsel for the Fund the Fund's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and Form N-Q and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. Prepare reports relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise prepared by the Fund's investment adviseradvisers, custodian, legal counsel or independent accountants; g. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. Oversee and review calculations of fees paid to the Fund's investment adviser, custodian and Transfer Agenttransfer agent; j. h. Consult with the Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent transfer agent in establishing the accounting policies of the Fund; k. Respond to, or refer i. Refer to the Fund's officers or Transfer Agenttransfer agent, any shareholder inquiries received by the Administrator relating to the Fund; l. j. Provide periodic testing of portfolios the Fund's portfolio to assist the Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. k. Review implementation by the Fund of any dividend reinvestment programs authorized by the Board; and l. Provide periodic reports, periodic certifications and provide assistance on shareholder communications; n. Maintain copies of reasonable documentation to the Fund's charter and by-laws; o. File annual and semi-annual shareholder reports Chief Compliance Officer in connection with Rule 38a-1 under the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and as detailed in Schedule B to this Agreement1940 Act. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, services subject to the control, supervision and direction of the respective Funds Fund and the to review and comment correction by such the Fund's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds Fund and the Administrator: a. Oversee the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; b. Prepare the Fund's federal, state and local income tax returns for review by the Fund's independent accountants and filing by the Fund's treasurer; c. Review the calculation, submit for approval by officers of the Fund and arrange for payment of the Fund's expenses; d. Prepare for review and approval by officers of the Fund financial information for the Fund's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. Prepare for review by an officer of and legal counsel for the Fund Fund, the Fund's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. Prepare reports relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise prepared by the Fund's investment adviser, custodian, legal counsel or independent accountantsauditors; g. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. Oversee and review calculations of fees paid to the Fund's investment adviser, the custodian and Transfer Agentthe transfer agent; j. h. Consult with the Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent transfer agent in establishing the accounting policies of the Fund; k. i. Respond to, to or refer to the Fund's officers or Transfer Agenttransfer agent, shareholder inquiries relating to the Fund; l. j. Provide periodic testing of portfolios to assist the Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. Review and provide assistance on shareholder communications; n. Maintain copies of the Fund's charter and by-laws; o. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and as detailed in Schedule B to this Agreement. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.k. Prepare Rule 24f-2

Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision and direction of the respective Funds Trust and the review and comment by such Fundthe Trust's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds Trust and the Administrator: a. Oversee Prepare the determination Trust's federal, state and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time local income tax returns for review by the BoardTrust's independent accountants and filing by the Trust's treasurer; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; c. Review calculation, submit for approval by officers of the Fund Trust and arrange for payment of the FundTrust's expenses; d. c. Prepare for review and approval by officers of the Fund Trust financial information for the FundTrust's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund Trust shareholders, and arrange for the printing and dissemination of such reports reports, excluding proxy statements and certain other communications to shareholdersshareholders as may be mutually agreed upon; e. d. Prepare for review by an officer of and legal counsel for the Fund Trust the FundTrust's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR SAR, N-CSR and N-Q and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. e. Prepare reports relating to the business and affairs of the Fund Trust as may be mutually agreed upon and not otherwise prepared by the FundTrust's investment adviser, custodian, legal counsel or independent accountants; g. f. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. g. Make such reports and recommendations to the Board concerning the performance and fees of the FundTrust's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. h. Oversee and review calculations of fees paid to the FundTrust's investment adviser, custodian and Transfer Agent; j. i. Consult with the FundTrust's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the FundTrust; k. Respond to, or refer j. Refer to the FundTrust's officers or Transfer Agent, shareholder inquiries relating to the FundTrust; l. k. Provide periodic testing of portfolios to assist the FundTrust's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund Trust prospectus limitations as may be mutually agreed upon; m. Review and provide assistance on shareholder communications; n. Maintain copies of the Fund's charter and by-laws; o. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. l. Prepare and file with the SEC Rule 24f-2 notices; and; t. m. Perform Blue Sky services pursuant to the specific instructions of the Fund Trust and as detailed in Schedule B to this Agreement; and n. Prepare summaries of the Administrator's internal controls and procedures and provide to the Trust's Board of Trustees and Chief Compliance Officer on an annual basis and upon reasonable request. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator Bank shall provide the following services, in each case, subject to the control, supervision and direction of the respective Funds Trust and the Company and the review and comment by such Fundthe Trust's and the Company’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds Trust, the Company and the AdministratorBank: a. Oversee the determination and publication of the FundTrust's net asset value in accordance with the FundTrust's policy as adopted from time to time by the Board; b. Oversee the maintenance by the FundTrust's custodian of certain books and records of the Fund Trust as required under Rule 31a-1(b) of the 1940 Act; c. Prepare the Trust's federal, state and local income tax returns for review by the Trust's independent accountants and filing by the Trust's treasurer; d. Review calculation, submit for approval by officers of the Fund Trust and arrange for payment of the FundTrust's expenses; d. e. Prepare for review and approval by officers of the Fund Trust financial information for the FundTrust's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund Trust shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. f. Prepare for review by an officer of and legal counsel for the Fund Trust the FundTrust's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. g. Prepare reports relating to the business and affairs of the Fund Trust as may be mutually agreed upon and not otherwise prepared by the FundTrust's investment adviser, custodian, legal counsel or independent accountants; g. h. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. i. Make such reports and recommendations to the Board concerning the performance and fees of the FundTrust's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. j. Oversee and review calculations of fees paid to the FundTrust's investment adviser, custodian and Transfer Agent; j. k. Consult with the FundTrust's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the FundTrust; k. l. Respond to, or refer to the FundTrust's officers or Transfer Agent, shareholder inquiries relating to the FundTrust; l. m. Provide periodic testing of portfolios to assist the FundTrust's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund Trust prospectus limitations as may be mutually agreed upon; m. n. Review and provide assistance on shareholder communications; n. o. Maintain general calendar for the Trust; p. Maintain copies of the FundTrust's charter and by-lawslaws and copies of minutes of meetings of the Board of Trustees of the Trust and meeting of shareholders of the Trust; o. q. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Trust Performance" (which shall also be subject to review by the FundTrust's legal counsel); p. r. Organize, attend and prepare minutes of shareholder meetings; s. Provide consultation on regulatory matters relating to portfolio management, Trust operations and any potential changes in the Trust's investment policies, operations or structure; act as liaison to legal counsel to the Trust and, where applicable, to legal counsel to the Trust's independent Board members; t. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the FundTrust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. u. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund Trust and its various agents; r. v. Counsel and assist the Fund Trust in the handling of routine regulatory examinations and work closely with the FundTrust's legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust's legal counsel: w. Prepare and file with the SEC amendments to the Trust's registration statement, including updating the Prospectus and Statement of Additional Information, where applicable; s. x. Prepare and file with the SEC proxy statements; provide consultation on proxy solicitation matters; y. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings; and z. Prepare and file with the SEC Rule 24f-2 notices; and. t. aa. Perform Blue Sky services pursuant to the specific instructions of the Fund Trust and as detailed in Schedule B to this Agreement. The Administrator Bank shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Sub-Administrator shall provide the following services, in each case, subject to the control, supervision and direction of the respective Funds Administrator and the Fund and the review and comment by such the Fund's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds Fund, the Administrator, and the AdministratorSubAdministrator: a. Oversee the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; c. Prepare the Fund's federal, state and local income tax returns for review by the Fund's independent accountants and filing by the Fund's treasurer; d. Review calculation, submit for approval by officers of the Fund and arrange for payment of the Fund's expenses; d. e. Prepare for review and approval by officers of the Fund financial information for the Fund's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. f. Prepare for review by an officer of and legal counsel for the Fund the Fund's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. g. Prepare reports relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise prepared by the Fund's investment adviser, custodian, legal counsel or independent accountants; g. h. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. i. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. j. Oversee and review calculations of fees paid to the Fund's investment adviser, custodian and Transfer Agent; j. k. Consult with the Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the Fund; k. l. Review implementation of any dividend reinvestment programs authorized by the Board; m. Respond to, or refer to the Fund's officers or Transfer Agent, shareholder inquiries relating to the Fund; l. n. Provide periodic testing of portfolios to assist the Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. o. Review and provide assistance on shareholder communications; n. p. Maintain general corporate calendar; q. Maintain copies of the Fund's charter and by-laws; o. r. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. s. Organize, attend and prepare minutes of shareholder meetings; t. Provide consultation on regulatory matters relating to portfolio management, Fund operations and any potential changes in the Fund's investment policies, operations or structure; act as liaison to legal counsel to the Fund and, where applicable, to legal counsel to the Fund's independent Board members; u. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. v. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. w. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Fund's legal counsel: x. Prepare and file with the SEC amendments to the Fund's registration statement, including updating the Prospectus and Statement of Additional Information, where applicable; s. y. Prepare and file with the SEC proxy statements; provide consultation on proxy solicitation matters; z. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings; and aa. Prepare and file with the SEC Rule 24f-2 notices; and. t. Perform Blue Sky services bb. Prepare and file state registrations of the Fund's securities pursuant to the specific instructions of the Fund and as detailed in Schedule B C to this Agreement. The Sub-Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision and direction of the respective Funds Fund and the review and comment by such the Fund's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds Fund and the Administrator: a. Oversee the determination and publication of the Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the BoardBoard and as may be set forth in the Fund's prospectus and statement of additional information; b. Oversee the maintenance by the Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; c. Prepare the Fund's federal, state and local income tax returns for review by the Fund's independent accountants and filing by the Fund's treasurer; d. Review calculation, submit for approval by officers of the Fund and arrange for payment of the Fund's expenses; d. e. Prepare for review and approval by officers of the Fund financial information for the Fund's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. f. Prepare for review by an officer of and legal counsel for the Fund the Fund's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. g. Prepare reports relating to the business and affairs of the Fund as may be mutually agreed upon and not otherwise prepared by the Fund's investment adviser, custodian, legal counsel or independent accountants; g. h. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. i. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. j. Oversee and review calculations of fees paid to the Fund's investment adviser, subadvisers, custodian and Transfer Agent; j. k. Consult with the Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the Fund; k. l. Review implementation of any dividend reinvestment programs authorized by the Board; m. Respond to, or refer to the Fund's officers or Transfer Agent, shareholder inquiries relating to the Fund; l. n. Provide periodic testing of portfolios to assist the Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. o. Review and provide assistance on shareholder communications; n. p. Maintain general corporate calendar; q. Maintain copies of the Fund's charter and by-laws; o. r. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. s. Organize, attend and prepare minutes of shareholder meetings; t. Provide consultation on regulatory matters relating to portfolio management, Fund operations and any potential changes in the Fund's investment policies, operations or structure; act as liaison to legal counsel to the Fund and, where applicable, to legal counsel to the Fund's independent Board members; u. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. v. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. w. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Fund's legal counsel: x. Prepare and file with the SEC amendments to the Fund's registration statement, including updating the Prospectus and Statement of Additional Information, where applicable; s. y. Prepare and file with the SEC proxy statements; provide consultation on proxy solicitation matters; z. Prepare agenda and background materials for Board meetings, attend Board meetings, prepare minutes and follow-up on matters raised at Board meetings; and aa. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services pursuant to the specific instructions of the Fund and as detailed in Schedule B to this Agreement. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator Bank shall provide the following services, in each case, subject to the control, supervision and direction of the respective Funds Trust and the Company and the review and comment by such Fundthe Trust's and the Company's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds Trust, the Company and the AdministratorBank: a. Oversee the determination and publication of the FundTrust's net asset value in accordance with the FundTrust's policy as adopted from time to time by the Board; b. Oversee the maintenance by the FundTrust's custodian of certain books and records of the Fund Trust as required under Rule 31a-1(b) of the 1940 Act; c. Prepare the Trust's federal, state and local income tax returns for review by the Trust's independent accountants and filing by the Trust's treasurer; d. Review calculation, submit for approval by officers of the Fund Trust and arrange for payment of the FundTrust's expenses; d. e. Prepare for review and approval by officers of the Fund Trust financial information for the FundTrust's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund Trust shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. f. Prepare for review by an officer of and legal counsel for the Fund Trust the FundTrust's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. g. Prepare reports relating to the business and affairs of the Fund Trust as may be mutually agreed upon and not otherwise prepared by the FundTrust's investment adviser, custodian, legal counsel or independent accountants; g. h. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. i. Make such reports and recommendations to the Board concerning the performance and fees of the FundTrust's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. j. Oversee and review calculations of fees paid to the FundTrust's investment adviser, custodian and Transfer Agent; j. k. Consult with the FundTrust's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the FundTrust; k. l. Respond to, or refer to the FundTrust's officers or Transfer Agent, shareholder inquiries relating to the FundTrust; l. m. Provide periodic testing of portfolios to assist the FundTrust's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund Trust prospectus limitations as may be mutually agreed upon; m. n. Review and provide assistance on shareholder communications; n. o. Maintain general corporate calendar; p. Maintain copies of the FundTrust's charter and by-laws; o. q. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Trust Performance" (which shall also be subject to review by the FundTrust's legal counsel); p. r. Organize, attend and prepare minutes of shareholder meetings; s. Provide consultation on regulatory matters relating to portfolio management, Trust operations and any potential changes in the Trust's investment policies, operations or structure; act as liaison to legal counsel to the Trust and, where applicable, to legal counsel to the Trust's independent Board members; t. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the FundTrust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. u. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund Trust and its various agents; r. v. Counsel and assist the Fund Trust in the handling of routine regulatory examinations and work closely with the FundTrust's legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust's legal counsel: w. Prepare and file with the SEC amendments to the Trust's registration statement, including updating the Prospectus and Statement of Additional Information, where applicable; s. x. Prepare and file with the SEC proxy statements; provide consultation on proxy solicitation matters; y. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings; and z. Prepare and file with the SEC Rule 24f-2 notices; and. t. aa. Perform Blue Sky services pursuant to the specific instructions of the Fund Trust and as detailed in Schedule B to this Agreement. The Administrator Bank shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision and direction of the respective Funds Fund and the review and comment by such the Fund's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds Fund and the Administrator: a. Oversee the determination and publication of the Fund's net asset value for each Investment Fund in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the each Investment Fund's custodian of certain books and records of the that Investment Fund as required under Rule 31a-1(b) of the 1940 Act; c. Prepare each Investment Fund's federal, state and local income tax returns for review by the Investment Fund's independent accountants and filing by the Fund's treasurer; d. Review calculation, submit expense calculation and perform expense allocation for each Investment Fund subject to approval by officers of the Fund and arrange for payment of the each Investment Fund's expenses; d. e. Prepare for review and approval by officers of the Fund financial information for the Fund's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. f. Prepare for review by an officer of and legal counsel for the Fund Fund, the Fund's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information (in a camera ready and Xxxxx format) required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. g. Prepare reports relating to the business and affairs of the each Investment Fund as may be mutually agreed upon and not otherwise prepared by the each Investment Fund's investment adviser, custodian, legal counsel or independent accountants; g. h. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. i. Make such reports and recommendations to the Board concerning the performance and fees of the Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. j. Oversee and review calculations of fees paid to the each Investment Fund's investment adviser, the custodian and the Transfer Agent; j. k. Consult with the Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the each Investment Fund; k. l. Review implementation of any dividend reinvestment programs authorized by the Board; m. Respond to, to or refer to the Fund's officers or Transfer Agent, shareholder inquiries relating to the any Investment Fund; l. n. Provide periodic testing of portfolios to assist the each Investment Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund each Investment Fund's prospectus limitations as may be mutually agreed upon; m. Review o. Prepare and provide assistance on shareholder communicationsfile Rule 24f-2 notices; n. Maintain copies p. Prepare and file all state registrations of the Fund's charter and by-laws; o. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel); p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services securities pursuant to the specific instructions of the Fund and as detailed in Schedule B C to this Agreement; q. Monitor the amount of Fund shares sold in each jurisdiction in which such shares are registered and notify the Fund when a specified percentage of such shares (as determined by the fund's distributor) has been sold; and r. Assist the Fund in determining the amount of Fund shares to register in each jurisdiction. The Administrator shall will also provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator Bank shall provide the following services, in each case, subject to the control, supervision and direction of the respective Funds Trust and the Company and the review and comment by such Fundthe Trust's and the Company's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds Trust, the Company and the AdministratorBank: a. Oversee the determination and publication of the FundTrust's net asset value in accordance with the FundTrust's policy as adopted from time to time by the Board; b. Oversee the maintenance by the FundTrust's custodian of certain books and records of the Fund Trust as required under Rule 31a-1(b) of the 1940 Act; c. Prepare the Trust's federal, state and local income tax returns for review by the Trust's independent accountants and filing by the Trust's treasurer; d. Review calculation, submit for approval by officers of the Fund Trust and arrange for payment of the FundTrust's expenses; d. e. Prepare for review and approval by officers of the Fund Trust financial information for the FundTrust's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund Trust shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. f. Prepare for review by an officer of and legal counsel for the Fund Trust the FundTrust's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. g. Prepare reports relating to the business and affairs of the Fund Trust as may be mutually agreed upon and not otherwise prepared by the FundTrust's investment adviser, custodian, legal counsel or independent accountants; g. h. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. i. Make such reports and recommendations to the Board concerning the performance and fees of the FundTrust's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. j. Oversee and review calculations of fees paid to the FundTrust's investment adviser, custodian and Transfer Agent; j. k. Consult with the FundTrust's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the FundTrust; k. l. Respond to, or refer to the FundTrust's officers or Transfer Agent, shareholder inquiries relating to the FundTrust; l. m. Provide periodic testing of portfolios to assist the FundTrust's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund Trust prospectus limitations as may be mutually agreed upon; m. n. Review and provide assistance on shareholder communications; n. o. Maintain general calendar for the Trust; p. Maintain copies of the FundTrust's charter and by-lawslaws and copies of minutes of meetings of the Board of Trustees of the Trust and meeting of shareholders of the Trust; o. q. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Trust Performance" (which shall also be subject to review by the FundTrust's legal counsel); p. r. Organize, attend and prepare minutes of shareholder meetings; s. Provide consultation on regulatory matters relating to portfolio management, Trust operations and any potential changes in the Trust's investment policies, operations or structure; act as liaison to legal counsel to the Trust and, where applicable, to legal counsel to the Trust's independent Board members; t. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the FundTrust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. u. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund Trust and its various agents; r. v. Counsel and assist the Fund Trust in the handling of routine regulatory examinations and work closely with the FundTrust's legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust's legal counsel: w. Prepare and file with the SEC amendments to the Trust's registration statement, including updating the Prospectus and Statement of Additional Information, where applicable; s. x. Prepare and file with the SEC proxy statements; provide consultation on proxy solicitation matters; y. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings; and z. Prepare and file with the SEC Rule 24f-2 notices; and. t. aa. Perform Blue Sky services pursuant to the specific instructions of the Fund Trust and as detailed in Schedule B to this Agreement. The Administrator Bank shall provide the office facilities and the personnel required by it to perform the services contemplated herein.

Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision and direction of the respective Funds each Fund and the review and comment by such each Fund's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Funds each Fund and the Administrator: a. Oversee the determination and publication of the each Fund's net asset value in accordance with the Fund's policy as adopted from time to time by the Board; b. Oversee the maintenance by the each Fund's custodian of certain books and records of the Fund as required under Rule 31a-1(b) of the 1940 Act; c. Prepare each Fund's federal, state and local income tax returns for review by the Fund's independent accountants and filing by the Fund's treasurer; d. Review calculation, submit for expense calculation and perform expense allocation subject to approval by officers of the each Fund and arrange for payment of the Fund's expenses; d. e. Prepare for review and approval by officers of the each Fund financial information for the Fund's semi-annual and annual reports, proxy statements and other communications required or otherwise to be sent to Fund shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; e. f. Prepare for review by an officer of and legal counsel for the Fund each Fund, the Fund's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information (in a camera ready format) required by Form N-1A or Form N-2 and such other reports, forms or filings as may be mutually agreed upon; f. g. Prepare reports relating to the business and affairs of the each Fund as may be mutually agreed upon and not otherwise prepared by the Fund's investment adviser, custodian, legal counsel or independent accountants; g. h. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request; h. i. Make such reports and recommendations to the Board concerning the performance and fees of the each Fund's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate; i. j. Oversee and review calculations of fees paid to the each Fund's investment adviser, the custodian and the Transfer Agent; j. k. Consult with the each Fund's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the Fund; k. l. Review implementation of any dividend reinvestment programs authorized by the Board; m. Respond to, to or refer to the each Fund's officers or Transfer Agent, shareholder inquiries relating to the Fund; l. n. Provide periodic testing of portfolios to assist the each Fund's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Fund prospectus limitations as may be mutually agreed upon; m. Review and provide assistance on shareholder communications; n. Maintain copies of the Fund's charter and by-laws; o. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Fund Performance" (which shall also be subject to review by the Fund's legal counsel)Prepare Rule 24f-2 notices; p. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Fund, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; q. Develop or assist in developing guidelines and procedures to improve overall compliance by the Fund and its various agents; r. Counsel and assist the Fund in the handling of routine regulatory examinations and work closely with the Fund's legal counsel in response to any non-routine regulatory matters; s. Prepare and file with the SEC Rule 24f-2 notices; and t. Perform Blue Sky services all state registrations of each Fund's securities pursuant to the specific instructions of the Fund and as detailed in Schedule B C to this Agreement; q. Monitor the amount of Fund shares sold in each jurisdiction in which such shares are registered and notify the Fund when a specified percentage of such shares (as determined by the Fund's distributor) has been sold; and r. Assist the Fund in determining the amount of Fund shares to register in each jurisdiction. The Administrator shall will also provide the office facilities and the personnel required by it to perform the services contemplated herein.