Common use of ALPS Compensation; Expenses Clause in Contracts

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, ALPS shall receive the compensation set forth in Appendix C hereto. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directors; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Trust shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. During each year of the Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent with those provided in the previous year of this Agreement, the total fee that would be charged for the same services would be the minimum fee rate (as reflected in Appendix C) increased by 5% per annum. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund Trust personnel. Other Fund expenses incurred shall be borne by the Fund Trust or the Fund’s Funds’ investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or Trust trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the FundTrust’s directorstrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, information other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”). Travel-level expenses for each Fund will be allocated based upon each Fund’s net assets as of the month ended in which the invoice was received.

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Administrator shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Administrator and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Administrator originally provided to ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund or Administrator personnel. Other Fund expenses incurred shall be borne by the Fund Funds or the Fund’s Funds’ investment adviseradvisers, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s Funds’ directors; printing and mailing of shareholder reports, prospectuses, statements of additional information, information other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Trust shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Adviser and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Adviser originally provided to ALPS. During each year of the term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent with those provided in the previous year of this Agreement, the total fee that would be charged for the same services would be the base fee rate (as reflected in Appendix C) increased by 5% per annum. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or Trust trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the FundTrust’s directorstrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, information other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Trust shall pay ALPS shall receive the compensation fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Trust and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Trust originally provided to ALPS as set forth in Appendix C Exhibit A hereto. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund Trust personnel. Other Fund Trust expenses incurred shall be borne by the Fund or the Fund’s investment adviserTrust and not by ALPS, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or Trust trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund Trust and investment advisory related legal expenses; costs of maintenance of Fund Trust existence; printing and delivery of materials in connection with meetings of the FundTrust’s directorstrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, information other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration The compensation payable to ALPS for the its services to be performed hereunder by ALPS, ALPS shall receive the compensation are set forth in Appendix C heretoa separate agreement between the Fund’s investment adviser and ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers officers of the Fund shall determine it advisable to qualify such shares Shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state); litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrationsadministration, transfer agency, and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directorsdirectors or trustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Fund originally provided to ALPS. During each year of the Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent with those provided in the previous year of this Agreement, the total fee that would be charged for the same services would be the base fee rate (as reflected in Appendix C) increased by 5% per annum. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, administrative and accounting expenses; custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directors; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and documents, supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Trust shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Trust and such fees are subject to good faith renegotiation between the parties to the extent such information is reasonably determined to be materially different from what the Trust originally provided to ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnelTrust officers or employees (other than employees of ALPS who are named as officers of the Trust). Other Fund Trust expenses incurred shall be borne by the Fund Trust or the FundTrust’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund Portfolio shares; administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or Trust trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund Trust and investment advisory related legal expenses; costs of maintenance of Fund Trust existence; printing and delivery of materials in connection with meetings of the FundTrust’s directorstrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, information other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by Kotak Mahindra (UK) Ltd., the Fund’s investment adviser (“Kotak”), and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what Kotak originally provided to ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directorstrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and documents, supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund or ALPINE shall pay ALPS shall receive the compensation set forth fees listed in Appendix C B hereto. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not NOT bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; taxes; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directorsFund trustees; printing and mailing of shareholder reports, prospectusesoffering documents, statements of additional information, other offering documents and supplements, proxy materials, and other communications to shareholders; securities pricing data services; and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund or Advisor shall pay ALPS shall receive the compensation set forth fees listed in Appendix C B hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Fund or Advisor originally provided to ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not NOT bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; taxes; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directorsFund trustees; printing and mailing of shareholder reports, prospectusesoffering documents, statements of additional information, other offering documents and supplements, proxy materials, materials and other communications to shareholders; securities pricing data services; and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, ALPS shall not be entitled to compensation for services provided by ALPS under this Agreement. ALPS may receive compensation or reimbursement of expenses from the compensation set forth in Appendix C heretoCompany’s investment adviser related to its services hereunder or for additional services as may be agreed upon by ALPS and the Company’s investment adviser. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund Company personnel. Other Fund Company expenses incurred shall be borne by the Fund Company or the FundCompany’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers officers of the Fund Company shall determine it advisable to qualify such shares Shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any statesale; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund Company shares; administrationsadministration, transfer agency, and custodial expenses; interest; Fund directors’ Company or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund Company and investment advisory related legal expenses; costs of maintenance of Fund Company existence; printing and delivery of materials in connection with meetings of the FundCompany’s directorstrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and supplements, proxy materials, repurchase offer notifications and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”). To the extent applicable, the Company is responsible for all out-of-pocket expenses incurred by ALPS in connection with travel expenses to Board meetings.

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Trust shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Trust and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Trust originally provided to ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Trust/Fund personnel. Other Trust/Fund expenses incurred shall be borne by the Fund Trust or the Fund’s Funds’ investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or Trust trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Trust/Fund and investment advisory related legal expenses; costs of maintenance of Fund Trust existence; printing and delivery of materials in connection with meetings of the FundTrust’s directorstrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Fund originally provided to ALPS. During each year of the Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent with those provided in the previous year of this Agreement, the total fee that would be charged for the same services would be the base fee rate (as reflected in Appendix C) increased by 5% per annum. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directors; printing and mailing of shareholder reports, prospectuses, statements of additional information, information other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C B hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Fund originally provided to ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund Fund, FAS or the Fund’s investment adviserCo-Advisers, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, dividends on securities sold short; transfer agency, agency and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directors; printing and mailing of shareholder reports, prospectuses, statements of additional information, information other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, ALPS shall receive the compensation set forth in Appendix C hereto. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund Company personnel. Other Fund expenses incurred shall be borne by the Fund Company or the FundCompany’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers officers of the Fund Company shall determine it advisable to qualify such shares for sale (including registering the Fund Company as a broker or dealer or any officer of the Fund Company as agent or salesman in any state); litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund Company shares; administrationsadministration, transfer agency, and custodial expenses; interest; Fund Company directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund und existence; printing and delivery of materials in connection with meetings of the FundCompany’s directors; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, ALPS shall not be entitled to compensation for services provided by ALPS under this Agreement. ALPS may receive compensation or reimbursement of expenses from the compensation set forth in Appendix C heretoTrust’s investment adviser related to its services hereunder or for additional services as may be agreed upon by ALPS and the Trust’s investment adviser. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund Trust personnel. Other Fund Trust expenses incurred shall be borne by the Fund Trust or the FundTrust’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers officers of the Fund Trust shall determine it advisable to qualify such shares Shares for sale (including registering the Fund Trust as a broker or dealer or any officer of the Fund Trust as agent or salesman in any state); litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund Trust shares; administrationsadministration, transfer agency, and custodial expenses; interest; Fund directors’ or Trust trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund Trust and investment advisory related legal expenses; costs of maintenance of Fund Trust existence; printing and delivery of materials in connection with meetings of the FundTrust’s directorstrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by Kotak Mahindra (UK) Ltd., the Fund’s investment adviser (“Kotak”), and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what Kotak originally provided to ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, administrative and accounting expenses; custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directorsdirectors or trustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and documents, supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and the manner in which the Fund has historically operated as indicated by its public filings and such fees are subject to renegotiation between the parties to the extent changes in the Fund’s operations take place that cause such information to be materially different, as agreed to by the Fund and ALPS, from what the Fund originally provided to ALPS and disclosed in its public filings. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, administrative and accounting expenses; custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; fees and expenses of Fund and investment advisory related legal expensescounsel; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directors; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and documents, supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Trust shall pay ALPS shall receive the compensation set forth fees listed in Appendix C the Fee Schedule hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Trust and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Trust originally provided to ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Trust/Fund personnel. Other Trust/Fund expenses incurred shall be borne by the Fund Trust or the Fund’s Funds’ investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, administrative and accounting expenses; custodial expenses; interest; Fund directors’ or Trust trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Trust/Fund and investment advisory related legal expenses; costs of maintenance of Trust/Fund existence; printing and delivery of materials in connection with meetings of the FundTrust’s directorstrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, ALPS shall not be entitled to compensation for services provided by ALPS under this Agreement. ALPS may receive compensation or reimbursement of expenses from the compensation set forth in Appendix C heretoFund’s investment adviser related to its services hereunder or for additional services as may be agreed upon by ALPS and the Fund’s investment adviser. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers officers of the Fund shall determine it advisable to qualify such shares Shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state); litigation expensesexpenses (except to the extent contemplated under Section 7(b) hereto); taxes; costs of preferred sharesshares (if applicable); expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrationsadministration, transfer agency, and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directorstrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and supplements, proxy materials, repurchase offer notifications and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”). To the extent applicable, the Fund is responsible for all out-of-pocket expenses incurred by ALPS in connection with travel expenses to Board meetings.

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Fund originally provided to ALPS. During each year of the Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent with those provided in the previous year of this Agreement, the total fee that would be charged for the same services would be the base fee rate (as reflected in Appendix C) increased by 5% per annum. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s Funds’ investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directors; printing and mailing of shareholder reports, prospectuses, statements of additional information, information other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Fund originally provided to ALPS. During each year of the Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent with those provided in the previous year of this Agreement, the total fee that would be charged for the same services would be the base fee rate (as reflected in Appendix C) increased by 5% per annum. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or trusteesTrustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directorsTrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, information other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and the manner in which the Fund has historically operated as indicated by its public filings and such fees are subject to renegotiation between the parties to the extent changes in the Fund’s operations take place that cause such information to be materially different, as agreed to by the Fund and ALPS, from what the Fund originally provided to ALPS and disclosed in its public filings. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; fees and expenses of Fund and investment advisory related legal expensescounsel; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directors; printing and mailing of shareholder reports, prospectuses, statements of additional information, information other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, ALPS shall receive the compensation set forth in Appendix C hereto. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers officers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state); litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrationsadministration, transfer agency, and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund und existence; printing and delivery of materials in connection with meetings of the Fund’s directors; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C B hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Fund originally provided to ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided hereinin Appendix B (reimbursement of out of pocket expenses) or as noted below. ALPS will not bear any of the costs of Fund personnel. Other Fund Subject to Section 4 hereof, other expenses incurred by the Fund shall be borne by the Fund or ALPS Advisors, Inc. (the “Adviser”), the Fund’s investment adviser, including, but not limited to, : initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred sharesshares (if any); expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; taxes; interest; Fund directors’ or trusteesdirector’ fees; compensation and expenses of Fund officers who are not associated with ALPS or its affiliates; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund legal and investment advisory related legal audit fees and expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s Fund directors; printing and mailing of shareholder reports, prospectusesoffering documents, statements of additional information, other offering documents and supplements, proxy materials, and other communications to shareholders; securities pricing and data services; and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C B hereto. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not NOT bear any of the costs of Fund personnel, except that ALPS, and not the Fund, shall be responsible for the compensation and other expenses of officers and directors of the Fund who are officers, employees or directors of ALPS or any of its affiliates. Other Except as provided in any other agreements between ALPS or its affiliates and the Fund, other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviserAdviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; taxes; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directorsFund trustees; printing and mailing of shareholder reports, prospectusesoffering documents, statements of additional information, other offering documents and supplements, proxy materials, and other communications to shareholders; securities pricing data services; and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Fund originally provided to ALPS. During each year of the Term, ALPS and the Fund agree to reconsider fees and any proposed changes to fees due to ALPS’ cost increases attributable to changes in CPI or other relevant cost of living benchmarks. Any such annual increase will not exceed 5% of the previous year’s base fees. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, administrative and accounting expenses; custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directors; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and documents, supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Trust shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Trust and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Trust originally provided to ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnelTrust personnel (other than employees of ALPS who are named as officers of the Trust). Other Fund Trust expenses incurred shall be borne by the Fund Trust or the FundTrust’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund Trust shares; administrations, transfer agency, administrative and accounting expenses; custodial expenses; interest; Fund directors’ or Trust trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund Trust and investment advisory related legal expenses; costs of maintenance of Fund Trust existence; printing and delivery of materials in connection with meetings of the FundTrust’s directorstrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, ALPS shall receive the compensation set forth in Appendix C hereto. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers officers of the Fund shall determine it advisable to qualify such shares Shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any statesale; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrationsadministration, transfer agency, and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directorstrustees (except those materials as may be provided by ALPS directly); printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and supplements, proxy materials, repurchase offer notifications and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”). To the extent applicable, the Fund is responsible for all out-of-pocket expenses incurred by ALPS in connection with travel expenses to Board meetings.

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C B hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and such fees are subject to renegotiation between the parties to the extent such information is determined by ALPS to be materially different from what the Fund originally provided to ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. herein and in Appendix B. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; expenses related to any requests from or as otherwise required by any regulatory body concerning the Fund; taxes; costs of preferred shares; expenses of conducting related to assistance with any repurchase offers for the purpose of repurchasing Fund sharesoffer (if applicable); administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directorstrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”); fees and expenses upon termination as provided in Section 15(e) hereof.

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C B hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Fund originally provided to ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not NOT bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; taxes; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directorsFund trustees; printing and mailing of shareholder reports, prospectusesoffering documents, statements of additional information, other offering documents and supplements, proxy materials, and other communications to shareholders; securities pricing data services; and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Trust shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Trust and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Trust originally provided to ALPS. During each year of the Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent with those provided in the previous year of this Agreement, the total fee that would be charged for the same services would be the base fee rate (as reflected in Appendix C) increased by 5% per annum. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund Trust personnel. Other Fund Trust expenses incurred shall be borne by the Fund Trust or the FundTrust’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund Trust shares; administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or trusteesTrustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund Trust and investment advisory related legal expenses; costs of maintenance of Fund Trust existence; printing and delivery of materials in connection with meetings of the FundTrust’s directorsTrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, information other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund or Advisor shall pay ALPS shall receive the compensation set forth fees listed in Appendix C B hereto.. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund or Advisor and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Fund or Advisor originally provided to ALPS. During each year of the Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent with those provided in the previous year of this Agreement, the total fee that would be charged for the same services would be the base fee rate (as reflected in Appendix B) increased by 5% per annum (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not NOT bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; taxes; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directorsFund trustees; printing and mailing of shareholder reports, prospectusesoffering documents, statements of additional information, other offering documents and supplements, proxy materials, materials and other communications to shareholders; securities pricing data services; and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Fund originally provided to ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, administrative and accounting expenses; custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directors; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and documents, supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Fund originally provided to ALPS. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directors; printing and mailing of shareholder reports, prospectuses, statements of additional information, information other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Trust shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund Trust personnel. Other Fund Trust expenses incurred shall be borne by the Fund Trust, the ALPS Form 110508 Funds or the Fund’s Funds’ investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, administrative and accounting expenses; custodial expenses; interest; Fund directors’ or Trust trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Trust, Fund and investment advisory related legal expenses; costs of maintenance of Trust or Fund existence; printing and delivery of materials in connection with meetings of the FundTrust’s directorstrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and documents, supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”). Trust-level expenses for each Fund will be allocated based upon each Fund’s net assets as of the month ended in which the invoice was received.

ALPS Compensation; Expenses. (a) In consideration for the services to be performed hereunder by ALPS, the Fund shall pay ALPS shall receive the compensation set forth fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund and such fees are subject to renegotiation between the parties to the extent such information is determined to be materially different from what the Fund originally provided to ALPS. During each year of the Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent with those provided in the previous year of this Agreement, the minimum fee that would be charged for the same services would be the base fee rate (as reflected in Appendix C) increased by 5% per annum. (b) ALPS will bear all expenses in connection with the performance of its services under this AgreementAgreement and all related agreements, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel, except that ALPS, and not the Fund, shall be responsible for the compensation of officers and trustees of the Fund who are officers, employees or directors of ALPS or any of its affiliates. Other Except as provided in any other agreements between ALPS or its affiliates and the Fund, other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and the offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the offers of the Fund shall determine it advisable to qualify such shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administrations, transfer agency, agency and custodial expenses; interest; Fund directors’ or fees and expenses of the Fund’s trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees, ; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directorstrustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, information other offering documents and documents, supplements, proxy materials, materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).