Common use of Adviser Compensation Clause in Contracts

Adviser Compensation. (a) The ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Exhibit “A”. This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT; (b) CLIENT authorizes the Custodian of the Assets to charge the Account for the amount of ADVISER’s fee and to remit such fee to ADVISER in compliance with regulatory procedures; (c) In addition to ADVISER’s annual investment management fee, the CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and No portion of ADVISER’s compensation shall be based on capital gains or capital appreciation of the Assets, except as provided for under the Investment Advisers Act of 1940.

Adviser Compensation. (a) The ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Exhibit “A”. This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT; (b) CLIENT authorizes the Custodian of the Assets to charge the Account for the amount of ADVISER’s fee and to remit such fee to ADVISER in compliance with regulatory procedures; (c) In addition to ADVISER’s annual investment management fee, the CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and No portion of ADVISER’s compensation shall be based on capital gains or capital appreciation of the Assets, except as provided for under the Investment Advisers Act of 1940.

Adviser Compensation. (a) The ADVISER’s ADVISER‟s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Exhibit “A”. This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT; (b) CLIENT authorizes the Custodian of the Assets to charge the Account for the amount of ADVISER’s ADVISER‟s fee and to remit such fee to ADVISER in compliance with regulatory procedures; (c) In addition to ADVISER’s ADVISER‟s annual investment management fee, the CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and and (d) No portion of ADVISER’s compensation Adviser Compensation shall be based on capital gains or capital appreciation of the Assets, Assets except as provided for under the Investment Advisers Act of 1940.

Adviser Compensation. (a) The ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Exhibit “A”. This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT; (b) CLIENT authorizes the Custodian of the Assets to charge the Account for the amount of ADVISER’s fee and to remit such fee to ADVISER in compliance with regulatory procedures; (c) In addition to ADVISER’s annual investment management fee, the CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and and, (e) No portion of ADVISER’s compensation Adviser Compensation shall be based on capital gains or capital appreciation of the Assets, except as provided for under the Investment Advisers Act of 1940.the

Adviser Compensation. (a) The ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Exhibit “A”. This annual fee shall be prorated and paid quarterlymonthly, in advancearrears, based upon the average daily market value of the Assets on the last business day of during the previous quartermonth. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT; (b) CLIENT authorizes the Custodian of the Assets to charge the Account for the amount of ADVISER’s fee and to remit such fee to ADVISER in compliance with regulatory procedures; (c) In addition to ADVISER’s annual investment management fee, the CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and and (d) No portion of ADVISER’s compensation Adviser Compensation shall be based on capital gains or capital appreciation of the Assets, except as provided for under the Investment Advisers Act of 1940.the

Adviser Compensation. (a) The ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Exhibit “A”. This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT; (b) CLIENT authorizes the Custodian of the Assets to charge the Account for the amount of ADVISER’s fee and to remit such fee to ADVISER in compliance with regulatory procedures; (c) In addition to ADVISER’s annual investment management fee, the CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and and (d) No portion of ADVISER’s compensation Adviser Compensation shall be based on capital gains or capital appreciation of the Assets, Assets except as provided for under the Investment Advisers Act of 1940.

Adviser Compensation. (a) The ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Exhibit “A”. This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT; (b) CLIENT authorizes the Custodian of the Assets to charge the Account for the amount of ADVISER’s fee and to remit such fee to ADVISER in compliance with regulatory procedures; (c) In addition to ADVISER’s annual investment management fee, the CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and and (d) No portion of ADVISER’s compensation Adviser Compensation shall be based on capital gains or capital appreciation of the Assets, except as provided for under the Investment Advisers Act of 1940.the

Adviser Compensation. (a) The ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Exhibit “A”. This annual fee shall be prorated and paid quarterlymonthly, in advance, based upon the a weighted daily average market value of the Assets on the last business day of during the previous quartermonth. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT; (b) CLIENT authorizes the Custodian of the Assets to charge the Account for the amount of ADVISER’s fee and to remit such fee to ADVISER in compliance with regulatory procedures; (c) In addition to ADVISER’s annual investment management fee, the CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and and (d) No portion of ADVISER’s compensation shall be based on capital gains or capital appreciation of the Assets, except as provided for under the Investment Advisers Act of 1940.

Adviser Compensation. (a) The ADVISER’s annual fee for investment management services provided under this Agreement shall be based upon a percentage (%) of the market value of the Assets under management in accordance with the fee schedule enclosed herewith as Exhibit “A”. This annual fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous quarter. No increase in the annual fee percentage shall be effective without prior written notification to the CLIENT; (b) CLIENT authorizes the Custodian of the Assets to charge the Account for the amount of ADVISER’s fee and to remit such fee to ADVISER in compliance with regulatory procedures; (c) In addition to ADVISER’s annual investment management fee, the CLIENT shall also incur, relative to: [1] all mutual fund and exchange traded fund purchases, charges imposed directly at the fund level (e.g. management fees and other fund expenses); and [2] independent investment managers, the fees charged by each separate manager who is engaged to manage the Assets; and and, (d) No portion of ADVISER’s compensation Adviser Compensation shall be based on capital gains or capital appreciation of the Assets, Assets except as provided for under the Investment Advisers Act of 1940.