Common use of Expenses and Compensation Clause in Contracts

Expenses and Compensation. Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.85% of the average daily net assets of the Account for the first $50 million in such assets, 0.75% for the next $50 million in assets and 0.70% for those assets in excess of $100 million

Expenses and Compensation. Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: , (i) interest and taxes; , (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; , and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears monthly, at the annual rate of 0.85.25% of the first $100 million of the average daily net assets of the Account for the first $50 million in Account; .20% of such assets, 0.75% for the next $50 million in assets and 0.70% for those assets in excess of over $100 million up to and including $200 million, and .175% of such assets over $200 million.

Expenses and Compensation. Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.850.75% of the average daily net assets of the Account for on the first $50 million in such assets, 0.75of the account and 0.65% for the next on assets over $50 million in assets and 0.70% for those assets in excess of $100 million.

Expenses and Compensation. Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable by the Trust monthly in arrears at the annual rate of 0.85% of the average daily net assets of the Account Portfolio for the first $50 million in such assets180 days of the Portfolio’s operations. Thereafter, 0.75Portfolio Manager shall continue to be entitled to receive a fee at the annual rate of 0.85% for the next so long as at least $50 million in assets are present in the account and 0.701.00% for those if less than $50 million in assets is present in excess of $100 millionthe account.

Expenses and Compensation. Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.850.75% of the average daily net assets of the Account for on the first $50 million in such assets, 0.75of the Combined Assets (as defined below) and 0.65% for the next on assets over $50 million in assets and 0.70% for those assets in excess of $100 millionthe Combined Assets.

Expenses and Compensation. Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.850.90% of the average daily net assets of the Account for the first $50 million in such assets, 0.75of the Account; 0.85% for on the next $50 million in of the average daily net assets and of the Account; 0.70% for those assets in excess of on the next $100 million of the average daily net assets of the Account; and 0.60% on assets over $200 million.

Expenses and Compensation. Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.850.75% of the average daily net assets of the Account for on the first $50 million in such assets, 0.75of the Combined Assets (as defined below) and 0.65% for the next on assets over $50 million in assets and 0.70% for those assets in excess of $100 millionCombined Assets.

Expenses and Compensation. Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.850.25% of the average daily net assets of the Account for the first $50 100 million in such assets, 0.75of the Account; and 0.20% for the next $50 million in on assets and 0.70% for those assets in excess of over $100 million..

Expenses and Compensation. Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.850.175% of the average daily net assets of the Account for on the first $50 million in such assets, 0.75% for the next $50 million 200 Million in assets under management in the Account (“Break Point”) and 0.70an annual rate of 0.15% for those of the average daily net assets in excess of $100 millionthe Account on all assets under management above the Break Point,.

Expenses and Compensation. Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.850.45% of the first $100 million of the average daily net assets of the Account for the first $50 million in such assetsAccount, 0.750.40% for of the next $50 150 million in of such assets and 0.700.375% for those on all such assets in excess of $100 250 million.

Expenses and Compensation. Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be calculated daily and payable monthly in arrears at the annual rate of 0. 60% of the average daily net assets of the Account so long as at least $150 million in assets are present in the Account; and 0.85% of the average daily net assets of the Account for the first if less than $50 million in such assets, 0.75% for the next $50 150 million in assets and 0.70% for those assets are present in excess of $100 millionthe Account.

Expenses and Compensation. Except for expenses specifically assumed or agreed to be paid by the Portfolio portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.850.45% of the first $100 million of the average daily net assets of the Account for the first $50 million in such assetsAccount, 0.750.40% for of the next $50 150 million in of such assets and 0.700.375% for those on all such assets in excess of $100 250 million.