Common use of DUTIES OF ADS Clause in Contracts

DUTIES OF ADS. the Fund shall pay ADS within ten (10) days after receipt of an invoice from ADS at the beginning of each month, a fee equal to the greater of: CALCULATED FEE WILL BE BASED UPON PRIOR MONTH AVERAGE NET ASSETS: (No prorating partial months) NOTE: The following administrative service fees are per portfolio serviced plus out-of-pocket expenses. MINIMUM FEE: Under $5 million....................................$ 3,000 From $5 million to $10 Million...................... 3,500 From $10 million to $20 million..................... 4,000 From $20 million on................................. 4,500 OR, NET ASSET CHARGE: First $75 Million of average monthly net assets of Fund 1/12th of 0.15% (15 basis points), plus Next $75 Million of average monthly net assets of Fund 1/12th of 0.10% (10 basis points), plus Over $150 Million of average monthly net assets of Fund 1/12th of 0.07% (7 basis points).

DUTIES OF ADS. the Fund shall pay ADS within ten (10) days after receipt of an invoice from ADS at the beginning of each month, a fee equal to the greater of: CALCULATED FEE WILL BE BASED UPON PRIOR MONTH AVERAGE NET ASSETS: (No prorating partial months) NOTE: The following administrative service fees are per portfolio serviced plus out-of-pocket expenses. MINIMUM FEE: Under $5 million........................................................................ $ 3,000 3,500 From $5 million to $10 Million...................... 3,500 4,000 From $10 million to $20 million..................... 4,000 4,500 From $20 million on................................. 4,500 5,000 OR, NET ASSET CHARGE: -- First $75 Million of average monthly net assets of Fund 1/12th of 0.15% (15 basis points), plus -- Next $75 Million of average monthly net assets of Fund 1/12th of 0.10% (10 basis points), plus -- Over $150 Million of average monthly net assets of Fund 1/12th of 0.07% (7 basis points).

DUTIES OF ADS. the Fund shall pay ADS within ten (10) days after receipt of an invoice from ADS at the beginning of each month, a fee equal to the greater of: CALCULATED FEE WILL BE BASED UPON PRIOR MONTH AVERAGE NET ASSETS: (No prorating partial months) NOTE: The following administrative service fees are per portfolio serviced plus out-of-pocket expenses. MINIMUM FEE: Under $5 million........................................................................ $ 3,000 From $5 million to $10 Million...................... 3,500 From $10 million to $20 million..................... 4,000 From $20 million on................................. 4,500 OR, NET ASSET CHARGE: -- First $75 Million of average monthly net assets of Fund 1/12th of 0.15% (15 basis points), plus -- Next $75 Million of average monthly net assets of Fund 1/12th of 0.10% (10 basis points), plus -- Over $150 Million of average monthly net assets of Fund 1/12th of 0.07% (7 basis points).

DUTIES OF ADS. the Fund Trust shall pay ADS within ten (10) days after receipt of an invoice from ADS at the beginning of each month, a fee equal to the greater of: CALCULATED FEE WILL BE BASED UPON PRIOR MONTH AVERAGE NET ASSETS: (No prorating partial months) NOTE: The following administrative service fees are per portfolio serviced plus out-of-pocket expenses. MINIMUM FEE: Under $5 million...............................................................$ 3,000 3,500 From $5 million to $10 Million...................... 3,500 ............. 4,000 From $10 million to $20 million..................... 4,000 ............ 4,500 From $20 million on................................. 4,500 ........................ 5,000 OR, NET ASSET CHARGE: - First $75 Million of average monthly net assets of Fund 1/12th of 0.15% (15 basis points), plus - Next $75 Million of average monthly net assets of Fund 1/12th of 0.10% (10 basis points), plus - Over $150 Million of average monthly net assets of Fund 1/12th of 0.07% (7 basis points).

DUTIES OF ADS. the Fund Trust shall pay ADS within ten (10) days after receipt of an invoice from ADS at the beginning of each month, a fee equal to the greater of: CALCULATED FEE WILL BE BASED UPON PRIOR MONTH AVERAGE NET ASSETS: (No prorating partial months) NOTE: The following administrative service fees are per portfolio serviced plus out-of-pocket expenses. MINIMUM FEE: Under $5 million................................................................$ 3,000 3,500 From $5 million to $10 Million...................... 3,500 .............. 4,000 From $10 million to $20 million..................... 4,000 ............. 4,500 From $20 million on................................. 4,500 ......................... 5,000 OR, NET ASSET CHARGE: - First $75 Million of average monthly net assets of Fund 1/12th of 0.15% (15 basis points), plus - Next $75 Million of average monthly net assets of Fund 1/12th of 0.10% (10 basis points), plus - Over $150 Million of average monthly net assets of Fund 1/12th of 0.07% (7 basis points).