Common use of Calculation of Service Fee Clause in Contracts

Calculation of Service Fee. (1) The initial service fee and on-going service fee for Class 1 Units in the Balanced Series, Xxxxxx Series, Xxxxxxxx/Xxxxxx Series, Currency Series, Xxxxxx Series and Long/Short Commodity Series, as well as Class 1a Units in the Balanced Series, shall be calculated according to the following scale: $0 - $99,999 3.00 % $100,000 - $499,999 2.50 % $500,000 - $999,999 1.25 % $1,000,000 and above 0.80 % (2) The initial service fee and on-going service fee for Class 1 Units in the Long Only Commodity Series and Managed Futures Index Series shall be calculated according to the following scale: $0 - $499,999 2.00 % $500,000 - $999,999 1.25 % $1,000,000 and above 0.80 % (3) The calculation of the initial service fee for incremental Unit purchases is based on the aggregate amount of Units held by an investor at the time of each Unit purchase (taking into account the right of accumulation). For example, if an investor purchases $75,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Series in one month, the Selling Agent shall receive an initial service fee of 3.00% of the purchase price of such Units. If such investor then purchases an additional $50,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Series three months later, the Selling Agent shall be paid an initial service fee of 2.50% of the purchase price of such Units. If such investor subsequently invests $500,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Series, the Selling Agent shall be paid an initial service fee of 1.25% of the purchase price of such Units. (4) The initial service fee is calculated based upon the net asset value of the aggregate amount of Units in Class 1 or Class 1a, as applicable, at the time of such purchase and the service fee applicable thereof. The on-going service fee after the initial 12 months of each purchase has expired is calculated based upon the net asset value of the aggregate amount of Units in Class 1 or Class 1a, as applicable, at the end of such 12 month period(s). (5) Using the above example (assuming no redemption of Units has occurred), the initial service fee for the initial twelve months will be 3.00% of the net asset value of the initial Unit purchase of $75,000; 2.50% of the net asset value of the additional Unit purchase of $50,000; and 1.25% of the net asset value of the additional Unit purchase of $500,000. One year from the initial Unit purchase of $75,000, the on-going service fee will be 1.25% of the net asset value of the Unit purchase of $75,000. One year after the second Unit purchase of $50,000, the on-going service fee will be calculated at a rate of 1.25% of the net asset value of the cumulative $125,000 investment. Finally, one year after the third Unit purchase of $500,000, the on-going service fee will be calculated at a rate of 1.25% of the net asset value of the entire investment of $625,000.

Calculation of Service Fee. (1) The initial service fee and on-going service fee for Class 1 Units in the Balanced Series, Xxxxxx Beach Series, Xxxxxxxx/Xxxxxx Series, Currency Series, Xxxxxx Series and Long/Short Commodity Series, as well as Class 1a Units in the Balanced Series, shall be calculated according to the following scale: $0 - $99,999 3.00 % $100,000 - $499,999 2.50 % $500,000 - $999,999 1.25 % $1,000,000 and above 0.80 % (2) The initial service fee and on-going service fee for Class 1 Units in the Long Only Commodity Series and Managed Futures Index Series shall be calculated according to the following scale: $0 - $499,999 2.00 % $500,000 - $999,999 1.25 % $1,000,000 and above 0.80 % (3) The calculation of the initial service fee for incremental Unit purchases is based on the aggregate amount of Units held by an investor at the time of each Unit purchase (taking into account the right of accumulation). For example, if an investor purchases $75,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Series in one month, the Selling Agent shall receive an initial service fee of 3.00% of the purchase price of such Units. If such investor then purchases an additional $50,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Series three months later, the Selling Agent shall be paid an initial service fee of 2.50% of the purchase price of such Units. If such investor subsequently invests $500,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Series, the Selling Agent shall be paid an initial service fee of 1.25% of the purchase price of such Units. (4) The initial service fee is calculated based upon the net asset value of the aggregate amount of Units in Class 1 or Class 1a, as applicable, at the time of such purchase and the service fee applicable thereof. The on-going service fee after the initial 12 months of each purchase has expired is calculated based upon the net asset value of the aggregate amount of Units in Class 1 or Class 1a, as applicable, at the end of such 12 month period(s). (5) Using the above example (assuming no redemption of Units has occurred), the initial service fee for the initial twelve months will be 3.00% of the net asset value of the initial Unit purchase of $75,000; 2.50% of the net asset value of the additional Unit purchase of $50,000; and 1.25% of the net asset value of the additional Unit purchase of $500,000. One year from the initial Unit purchase of $75,000, the on-going service fee will be 1.25% of the net asset value of the Unit purchase of $75,000. One year after the second Unit purchase of $50,000, the on-going service fee will be calculated at a rate of 1.25% of the net asset value of the cumulative $125,000 investment. Finally, one year after the third Unit purchase of $500,000, the on-going service fee will be calculated at a rate of 1.25% of the net asset value of the entire investment of $625,000.

Calculation of Service Fee. (1) The initial service fee and on-going service fee for Class 1 Units in the Balanced Series, Xxxxxx Series, Xxxxxxxx/Xxxxxx Xxxxxx/Tiverton Series, Currency Series, Xxxxxx/Xxxxxx Series and Long/Short Commodity Series, as well as Class 1a Units in the Balanced Series, shall be calculated according to the following scale: $0 - $99,999 3.00 % $100,000 - $499,999 2.50 % $500,000 - $999,999 1.25 % $1,000,000 and above 0.80 % (2) The initial service fee and on-going service fee for Class 1 Units in the Long Only Commodity Series and Managed Futures Index Series shall be calculated according to the following scale: $0 - $499,999 2.00 % $500,000 - $999,999 1.25 % $1,000,000 and above 0.80 % (3) The calculation of the initial service fee for incremental Unit purchases is based on the aggregate amount of Units held by an investor at the time of each Unit purchase (taking into account the right of accumulation). For example, if an investor purchases $75,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Xxxxxx/Tiverton Series in one month, the Selling Agent shall receive an initial service fee of 3.00% of the purchase price of such Units. If such investor then purchases an additional $50,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Xxxxxx/Tiverton Series three months later, the Selling Agent shall be paid an initial service fee of 2.50% of the purchase price of such Units. If such investor subsequently invests $500,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Xxxxxx/Tiverton Series, the Selling Agent shall be paid an initial service fee of 1.25% of the purchase price of such Units. (4) The initial service fee is calculated based upon the net asset value of the aggregate amount of Units in Class 1 or Class 1a, as applicable, at the time of such purchase and the service fee applicable thereof. The on-going service fee after the initial 12 months of each purchase has expired is calculated based upon the net asset value of the aggregate amount of Units in Class 1 or Class 1a, as applicable, at the end of such 12 month period(s). (5) Using the above example (assuming no redemption of Units has occurred), the initial service fee for the initial twelve months will be 3.00% of the net asset value of the initial Unit purchase of $75,000; 2.50% of the net asset value of the additional Unit purchase of $50,000; and 1.25% of the net asset value of the additional Unit purchase of $500,000. One year from the initial Unit purchase of $75,000, the on-going service fee will be 1.25% of the net asset value of the Unit purchase of $75,000. One year after the second Unit purchase of $50,000, the on-going service fee will be calculated at a rate of 1.25% of the net asset value of the cumulative $125,000 investment. Finally, one year after the third Unit purchase of $500,000, the on-going service fee will be calculated at a rate of 1.25% of the net asset value of the entire investment of $625,000.

Calculation of Service Fee. (1) The initial service fee and on-going service fee for Class 1 Units in the Balanced Series, Xxxxxx Series, Xxxxxxxx/Xxxxxx Xxxxxx/Tiverton Series, Currency Series, Xxxxxx/Xxxxxx Series and Long/Short Commodity Series, Series as well as Class 1a Units in the Balanced Series, shall be calculated according to the following scale: $0 - $99,999 3.00 % $100,000 - $499,999 2.50 % $500,000 - $999,999 1.25 % $1,000,000 and above 0.80 % (2) The initial service fee and on-going service fee for Class 1 Units in the Long Only Commodity Series and Managed Futures Index Series shall be calculated according to the following scale: $0 - $499,999 2.00 % $500,000 - $999,999 1.25 % $1,000,000 and above 0.80 % (3) The calculation of the initial service fee for incremental Unit purchases is based on the aggregate amount of Units held by an investor at the time of each Unit purchase (taking into account the right of accumulation). For example, if an investor purchases $75,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Xxxxxx/Tiverton Series in one month, the Selling Agent shall receive an initial service fee of 3.00% of the purchase price of such Units. If such investor then purchases an additional $50,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Xxxxxx/Tiverton Series three months later, the Selling Agent shall be paid an initial service fee of 2.50% of the purchase price of such Units. If such investor subsequently invests $500,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Xxxxxx/Tiverton Series, the Selling Agent shall be paid an initial service fee of 1.25% of the purchase price of such Units. (4) The initial service fee is calculated based upon the net asset value of the aggregate amount of Units in Class 1 or Class 1a, as applicable, at the time of such purchase and the service fee applicable thereof. The on-going service fee after the initial 12 months of each purchase has expired is calculated based upon the net asset value of the aggregate amount of Units in Class 1 or Class 1a, as applicable, at the end of such 12 month period(s). (5) Using the above example (assuming no redemption of Units has occurred), the initial service fee for the initial twelve months will be 3.00% of the net asset value of the initial Unit purchase of $75,000; 2.50% of the net asset value of the additional Unit purchase of $50,000; and 1.25% of the net asset value of the additional Unit purchase of $500,000. One year from the initial Unit purchase of $75,000, the on-going service fee will be 1.25% of the net asset value of the Unit purchase of $75,000. One year after the second Unit purchase of $50,000, the on-going service fee will be calculated at a rate of 1.25% of the net asset value of the cumulative $125,000 investment. Finally, one year after the third Unit purchase of $500,000, the on-going service fee will be calculated at a rate of 1.25% of the net asset value of the entire investment of $625,000.

Calculation of Service Fee. (1) The initial service fee and on-going service fee for Class 1 Units in the Balanced Series, Xxxxxx Series, Xxxxxxxx/Xxxxxx Xxxxxx/Tiverton Series, Currency Series, Xxxxxx/Xxxxxx Series and Long/Short Commodity Series, as well as Class 1a Units in the Balanced Series, shall be calculated according to the following scale: $0 - $99,999 3.00 % $100,000 - $499,999 2.50 % $500,000 - $999,999 1.25 % $1,000,000 and above 0.80 % (2) The initial service fee and on-going service fee for Class 1 Units in the Long Only Commodity Series and Managed Futures Index Series shall be calculated according to the following scale: $0 - $499,999 2.00 % $500,000 - $999,999 1.25 % $1,000,000 and above 0.80 % (3) The calculation of the initial service fee for incremental Unit purchases is based on the aggregate amount of Units held by an investor at the time of each Unit purchase (taking into account the right of accumulation). For example, if an investor purchases $75,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Xxxxxx/Tiverton Series in one month, the Selling Agent shall receive an initial service fee of 3.00% of the purchase price of such Units. If such investor then purchases an additional $50,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Xxxxxx/Tiverton Series three months later, the Selling Agent shall be paid an initial service fee of 2.50% of the purchase price of such Units. If such investor subsequently invests $500,000 in Class 1 Units of the Xxxxxxxx/Xxxxxx Xxxxxx/Tiverton Series, the Selling Agent shall be paid an initial service fee of 1.25% of the purchase price of such Units. (4) The initial service fee is calculated based upon the net asset value of the aggregate amount of Units in Class 1 or Class 1a, as applicable, at the time of such purchase and the service fee applicable thereof. The on-going service fee after the initial 12 months of each purchase has expired is calculated based upon the net asset value of the aggregate amount of Units in Class 1 or Class 1a, as applicable, at the end of such 12 month period(s). (5) Using the above example (assuming no redemption of Units has occurred), the initial service fee for the initial twelve months will be 3.00% of the net asset value of the initial Unit purchase of $75,000; 2.50% of the net asset value of the additional Unit purchase of $50,000; and 1.25% of the net asset value of the additional Unit purchase of $500,000. One year from the initial Unit purchase of $75,000, the on-going service fee will be 1.25% of the net asset value of the Unit purchase of $75,000. One year after the second Unit purchase of $50,000, the on-going service fee will be calculated at a rate of 1.25% of the net asset value of the cumulative $125,000 investment. Finally, one year after the third Unit purchase of $500,000, the on-going service fee will be calculated at a rate of 1.25% of the net asset value of the entire investment of $625,000.