Common use of Fees Payable by Manager Clause in Contracts

Fees Payable by Manager. Manager will pay Subadviser a monthly fee computed at an annual rate of 0.03% (3 basis points) of the average daily net assets of the Fund (computed in a manner set forth in the Trust’s Declaration of Trust) throughout the month.* *Subject to a minimum of: Year 1: $0 Year 2: $25,000 Year 3 and subsequent years: $50,000 Subadviser’s fee shall be computed monthly based on total net assets, and within twelve business days of the end of each calendar month, Manager shall transmit to Subadviser the fee for the previous month. Payment shall be made in federal funds wired to a bank account designated by Subadviser. If this Agreement becomes effective or terminates before the end of any month, the fee (if any) for the period from the effective date to the end of such month or from the beginning of such month to the date of termination, as the case may be, shall be prorated according to the proportion which such period bears to the full month in which such effectiveness or termination occurs. Subadviser agrees to look exclusively to Manager, and not to any assets of the Trust or the Fund, for the payment of Subadviser’s fees arising under this Appendix A. APPENDIX B The Subadviser will provide the following ETF-related services to the Manager:

Fees Payable by Manager. Manager will pay Subadviser a monthly fee computed at an annual rate of 0.030.055% (3 5.5 basis points) of the average daily net assets of the Fund (computed in a manner set forth in the Trust’s Declaration of Trust) throughout the month.* *Subject to a minimum of: Year 1: $0 Year 2: $25,000 Year 3 and subsequent years: $50,000 Subadviser’s fee shall be computed monthly based on total net assets, and within twelve business days of the end of each calendar month, Manager shall transmit to Subadviser the fee for the previous month. Payment shall be made in federal funds wired to a bank account designated by Subadviser. If this Agreement becomes effective or terminates before the end of any month, the fee (if any) for the period from the effective date to the end of such month or from the beginning of such month to the date of termination, as the case may be, shall be prorated according to the proportion which such period bears to the full month in which such effectiveness or termination occurs. Subadviser agrees to look exclusively to Manager, and not to any assets of the Trust or the Fund, for the payment of Subadviser’s fees arising under this Appendix A. APPENDIX B The Subadviser will provide the following ETF-related services to the Manager:

Fees Payable by Manager. Manager will pay Subadviser a monthly fee computed at an annual rate of 0.030.07% (3 7 basis points) of the average daily net assets of the Fund (computed in a manner set forth in the Trust’s Declaration of Trust) throughout the month.* *Subject to a minimum of: Year 1: $0 Year 2: $25,000 Year 3 and subsequent years: $50,000 Subadviser’s fee shall be computed monthly based on total net assets, and within twelve business days of the end of each calendar month, Manager shall transmit to Subadviser the fee for the previous month. Payment shall be made in federal funds wired to a bank account designated by Subadviser. If this Agreement becomes effective or terminates before the end of any month, the fee (if any) for the period from the effective date to the end of such month or from the beginning of such month to the date of termination, as the case may be, shall be prorated according to the proportion which such period bears to the full month in which such effectiveness or termination occurs. Subadviser agrees to look exclusively to Manager, and not to any assets of the Trust or the Fund, for the payment of Subadviser’s fees arising under this Appendix A. APPENDIX B The Subadviser will provide the following ETF-related services to the Manager:

Fees Payable by Manager. Manager will pay Subadviser a monthly fee computed at an annual rate of 0.030.055% (3 5.5 basis points) of the average daily net assets of the Fund (computed in a manner set forth in the Trust’s Declaration of Trust) throughout the month.* *Subject to a Fund minimum of: Year 1: $0 Year 2: $25,000 Year 3 and subsequent years3: $50,000 Subadviser’s fee shall be computed monthly based on total net assets, and within twelve business days of the end of each calendar month, Manager shall transmit to Subadviser the fee for the previous month. Payment shall be made in federal funds wired to a bank account designated by Subadviser. If this Agreement becomes effective or terminates before the end of any month, the fee (if any) for the period from the effective date to the end of such month or from the beginning of such month to the date of termination, as the case may be, shall be prorated according to the proportion which such period bears to the full month in which such effectiveness or termination occurs. Subadviser agrees to look exclusively to Manager, and not to any assets of the Trust or the Fund, for the payment of Subadviser’s fees arising under this Appendix A. APPENDIX B The Subadviser will provide the following ETF-related services to the Manager:

Fees Payable by Manager. Manager will pay Subadviser a monthly fee computed at an annual rate of 0.03[___]% (3 [___] basis points) of the average daily net assets of the Fund (computed in a manner set forth in the Trust’s Declaration of Trust) throughout the month.* *Subject to a Fund minimum of: Year 1: $0 Year 2: $25,000 Year 3 and subsequent years3: $50,000 Subadviser’s fee shall be computed monthly based on total net assets, and within twelve business days of the end of each calendar month, Manager shall transmit to Subadviser the fee for the previous month. Payment shall be made in federal funds wired to a bank account designated by Subadviser. If this Agreement becomes effective or terminates before the end of any month, the fee (if any) for the period from the effective date to the end of such month or from the beginning of such month to the date of termination, as the case may be, shall be prorated according to the proportion which such period bears to the full month in which such effectiveness or termination occurs. Subadviser agrees to look exclusively to Manager, and not to any assets of the Trust or the Fund, for the payment of Subadviser’s fees arising under this Appendix A. APPENDIX B The Subadviser will provide the following ETF-related services to the Manager:

Fees Payable by Manager. Manager will pay Subadviser a monthly fee computed at an annual rate of 0.03% (3 3.0 basis points) of the average daily net assets of the Fund (computed in a manner set forth in the Trust’s Declaration of Trust) throughout the month.* ** Subject to a minimum of: Year 1: $0 Year 2: $25,000 Year 3 and subsequent years: $50,000 Subadviser’s fee shall be computed monthly based on total net assets, and within twelve business days of the end of each calendar month, Manager shall transmit to Subadviser the fee for the previous month. Payment shall be made in federal funds wired to a bank account designated by Subadviser. If this Agreement becomes effective or terminates before the end of any month, the fee (if any) for the period from the effective date to the end of such month or from the beginning of such month to the date of termination, as the case may be, shall be prorated according to the proportion which such period bears to the full month in which such effectiveness or termination occurs. Subadviser agrees to look exclusively to Manager, and not to any assets of the Trust or the Fund, for the payment of Subadviser’s fees arising under this Appendix A. APPENDIX B The Subadviser will provide the following ETF-related services to the Manager:

Fees Payable by Manager. Manager will pay Subadviser a monthly fee computed at an annual rate of 0.03% (3 basis points) of the average daily net assets of the Fund (computed in a manner set forth in the Trust’s Declaration of Trust) throughout the month.* *Subject to a Fund minimum of: Year 1: $0 Year 2: $25,000 Year 3 and subsequent years: $50,000 Subadviser’s fee shall be computed monthly based on total net assets, and within twelve business days of the end of each calendar month, Manager shall transmit to Subadviser the fee for the previous month. Payment shall be made in federal funds wired to a bank account designated by Subadviser. If this Agreement becomes effective or terminates before the end of any month, the fee (if any) for the period from the effective date to the end of such month or from the beginning of such month to the date of termination, as the case may be, shall be prorated according to the proportion which such period bears to the full month in which such effectiveness or termination occurs. Subadviser agrees to look exclusively to Manager, and not to any assets of the Trust or the Fund, for the payment of Subadviser’s fees arising under this Appendix A. APPENDIX B The Subadviser will provide the following ETF-related services to the Manager:

Fees Payable by Manager. Manager will pay Subadviser a monthly fee computed at an annual rate of 0.030.07% (3 7 basis points) of the average daily net assets of the Fund (computed in a manner set forth in the Trust’s Declaration of Trust) throughout the month.* *Subject to a Fund minimum of: Year 1: $0 Year 2: $25,000 Year 3 and subsequent years3: $50,000 Subadviser’s fee shall be computed monthly based on total net assets, and within twelve business days of the end of each calendar month, Manager shall transmit to Subadviser the fee for the previous month. Payment shall be made in federal funds wired to a bank account designated by Subadviser. If this Agreement becomes effective or terminates before the end of any month, the fee (if any) for the period from the effective date to the end of such month or from the beginning of such month to the date of termination, as the case may be, shall be prorated according to the proportion which such period bears to the full month in which such effectiveness or termination occurs. Subadviser agrees to look exclusively to Manager, and not to any assets of the Trust or the Fund, for the payment of Subadviser’s fees arising under this Appendix A. APPENDIX B The Subadviser will provide the following ETF-related services to the Manager:

Fees Payable by Manager. Manager will pay Subadviser a monthly fee computed at an annual rate of 0.03% (3 3.0 basis points) of the average daily net assets of the Fund (computed in a manner set forth in the Trust’s Declaration of Trust) throughout the month.* ** Subject to a minimum Fund Minimum of: Year 1: $0 Year 2: $25,000 Year 3 and subsequent years3: $50,000 Subadviser’s fee shall be computed monthly based on total net assets, and within twelve business days of the end of each calendar month, Manager shall transmit to Subadviser the fee for the previous month. Payment shall be made in federal funds wired to a bank account designated by Subadviser. If this Agreement becomes effective or terminates before the end of any month, the fee (if any) for the period from the effective date to the end of such month or from the beginning of such month to the date of termination, as the case may be, shall be prorated according to the proportion which such period bears to the full month in which such effectiveness or termination occurs. Subadviser agrees to look exclusively to Manager, and not to any assets of the Trust or the Fund, for the payment of Subadviser’s fees arising under this Appendix A. APPENDIX B The Subadviser will provide the following ETF-related services to the Manager: