Common use of Annual True-Up Clause in Contracts

Annual True-Up. The Fee Reduction calculation for any Fee Obligation Period will applied one-time only for an SSA quarter and will not be adjusted for any of the following conditions: 1. Active Xxxxxxx received an Annual True Up debit for a material category for a relevant fee reduction distribution period. 2. Active Xxxxxxx received an Annual True Up credit for a material category for a relevant fee reduction distribution period. • Report Deadline = October 31, 2019 • SSA Calculation Date = January 15, 2020 • SSA Fees Payable = $100 • Fee Reduction Calculation Date = January 15, 2020 • Fee Reduction Rate = 98% Item Scenario Actual Report Submission Date Actual SSA Calculatio n Date Fees Payable Eligible for Fee Reduction Adjustment? Fee Reduction Amount 1 • ATU credit • Fee reduction overstated Oct 31, 2019 Jan 15, 2020 SSA=$10 0 ATU=- $20 No SSA: $100 x 98% = $98 ATU: n/a 2 • ATU debit • Fee reduction understated Oct 31, 2019 Jan 15, 2020 SSA=$100 ATU=$20 No SSA: $100 x 98% = $98 ATU: n/a

Annual True-Up. The Fee Reduction calculation for any Fee Obligation Period will applied one-time only for an SSA quarter and will not be adjusted for any of the following conditions: 1. Active Xxxxxxx received an Annual True Up debit for a material category for a relevant fee reduction distribution period. 2. Active Xxxxxxx received an Annual True Up credit for a material category for a relevant fee reduction distribution period. • Report Deadline = October 31, 2019 • SSA Calculation Date = January 15, 2020 • SSA Fees Payable = $100 • Fee Reduction Calculation Date = January 15, 2020 • Fee Reduction Rate = 98% Item Scenario Actual Report Submission Date Actual SSA Calculatio n Calculation Date Fees Payable Eligible for Fee Reduction Adjustment? Fee Reduction Amount 1 • ATU credit • Fee reduction overstated Oct 31, 2019 Jan 15Xxx 00, 2020 SSA=$10 0 ATU=- $20 No SSA0000 XXX=$000 XXX=-$00 Xx XXX: $100 x 98% = $98 ATU: n/a 2 • ATU debit • Fee reduction understated Oct 31, 2019 Jan 15Xxx 00, 2020 SSA=$100 ATU=$20 No SSA0000 XXX=$000 XXX=$00 Xx XXX: $100 x 98% = $98 ATU: n/a

Annual True-Up. The Fee Reduction calculation for any Fee Obligation Period will applied one-time only for an SSA quarter and will not be adjusted for any of the following conditions: 1. Active Xxxxxxx received an Annual True Up debit for a material category for a relevant fee reduction distribution period. 2. Active Xxxxxxx received an Annual True Up credit for a material category for a relevant fee reduction distribution period. • Report Deadline = October 31, 2019 • SSA Calculation Date = January 15, 2020 • SSA Fees Payable = $100 • Fee Reduction Calculation Date = January 15, 2020 • Fee Reduction Rate = 98% Item Scenario Actual Report Submission Date Actual SSA Calculatio n Calculation Date Fees Payable Eligible for Fee Reduction Adjustment? Fee Reduction Amount 1 • ATU credit • Fee reduction overstated Oct 31, 2019 Jan 15, 2020 SSA=$10 0 ATU=- $20 SSA=$100 ATU=-$20 No SSA: $100 x 98% = $98 ATU: n/a 2 • ATU debit • Fee reduction understated Oct 31, 2019 Jan 15, 2020 SSA=$100 ATU=$20 No SSA: $100 x 98% = $98 ATU: n/a

Annual True-Up. The Fee Reduction calculation for any Fee Obligation Period will applied one-time only for an SSA quarter and will not be adjusted for any of the following conditions: 1. Active Xxxxxxx received an Annual True Up debit for a material category for a relevant fee reduction distribution period. 2. Active Xxxxxxx received an Annual True Up credit for a material category for a relevant fee reduction distribution period. •  Report Deadline = October 31, 2019 •  SSA Calculation Date = January 15, 2020 •  SSA Fees Payable = $100 •  Fee Reduction Calculation Date = January 15, 2020 •  Fee Reduction Rate = 98% Item Scenario Actual Report Submission Date Actual SSA Calculatio n Calculation Date Fees Payable Eligible for Fee Reduction Adjustment? Fee Reduction Amount 1 •  ATU credit •  Fee reduction overstated Oct 31, 2019 Jan 15, 2020 SSA=$10 0 ATU=- $20 SSA=$100 ATU=-$20 No SSA: $100 x 98% = $98 ATU: n/a 2 •  ATU debit •  Fee reduction understated Oct 31, 2019 Jan 15, 2020 SSA=$100 ATU=$20 No SSA: $100 x 98% = $98 ATU: n/a