Common use of Performance of Daily Accounting Services Clause in Contracts

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s independent registered public accounting firm in preparation of the Fund Company’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trusteach Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.121.11. accrue expenses of each Fund; 1.131.12. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.13. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.14. provide such periodic reports as agreed to by the parties; 1.161.15. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.16. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s independent registered public accounting firm in preparation of the Fund Company’s tax returns; and 1.191.17. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ each Fund’s listing exchange, authorized participants, transfer agent and/or index receipt agent, and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. process share creations and redemptions with each Fund’s transfer agent; 1.13. maintain create/redeem records to the extent they are not otherwise maintained by other services providers; 1.14. accrue expenses of each Fund; 1.131.15. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.16. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.17. provide such periodic reports as agreed to by the parties; 1.161.18. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.19. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.181.20. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and; 1.191.21. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trustto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund; and 1.22. generate each Fund’s daily portfolio composition file (“PCF”) in NSCC format, which includes investment adviser inputs and accounting inputs for transmission to Custodian for dissemination to NSCC, and any other communications required by NSCC related to the PCF. Ultimus will also send the PCF to any required vendors and the Fund’s investment adviser for recordkeeping.

Performance of Daily Accounting Services. Ultimus Uxxxxxx shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trustto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ Fund’s custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ each Fund’s listing exchange, authorized participants, transfer agent and/or index receipt agent, and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. process share creations and redemptions with each Fund’s transfer agent; 1.13. maintain create/redeem records to the extent they are not otherwise maintained by other services providers; 1.14. accrue expenses of each Fund; 1.131.15. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.16. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.17. provide such periodic reports as agreed to by the parties; 1.161.18. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.19. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.181.20. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and; 1.191.21. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trusteach Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund; 1.22. generate each Fund’s daily portfolio composition file (“PCF”) in NSCC format, which includes investment adviser inputs and accounting inputs for transmission to Custodian for dissemination to NSCC, and any other communications required by NSCC related to the PCF. Ultimus will also send the PCF to any required vendors and the Fund’s investment adviser for recordkeeping; and 1.23. calculate for each Fund the investment advisory and sub-investment advisory fees or reimbursement due to the Fund, if any.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s then effective prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. accrue expenses of each Fund;; Red Cedar Fund Trust Fund Accounting Addendum November 1, 2019 Page 1 of 4 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trusteach Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 T+l basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trustto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trustto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus Uxxxxxx shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, with and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trustto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus Xxxxxxx shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ each Fund’s listing exchange, authorized participants, transfer agent and/or index receipt agent, and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. process share creations and redemptions with each Fund’s transfer agent; 1.13. maintain create/redeem records to the extent they are not otherwise maintained by other services providers; 1.14. accrue expenses of each Fund; 1.131.15. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.16. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.17. provide such periodic reports as agreed to by the parties; 1.161.18. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.19. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.181.20. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and; 1.191.21. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trustto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund; 1.22. distribute net asset values and/or yields to the Fund’s listing exchange, authorized participants, transfer agent and/or index receipt agent; and 1.23. generate the Fund’s daily portfolio composition file (“PCF”) in NSCC format, which includes investment adviser inputs and accounting inputs for transmission to Custodian for dissemination to NSCC, and any other communications required by NSCC related to the PCF. Xxxxxxx will also send the PCF to any required vendors and the Fund’s investment adviser for recordkeeping.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily trade activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, yields, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or and yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.91.8. update fund accounting system to reflect rate changes, as received/obtained by Ultimusreceived from a Fund’s investment adviser, on variable interest rate instruments; 1.101.9. record investment trades received in proper form from the post Fund or its authorized agents on the industry standard T+1 basistransactions to appropriate categories; 1.111.10. calculate Fund expenses based on instructions from the and administer all disbursements for a Fund’s administrator; 1.121.11. accrue expenses of each Fund; 1.131.12. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.13. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies;; and 1.151.14. provide Provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s independent registered public accounting firm in preparation of the Fund Company’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ each Fund’s listing exchange, authorized participants, transfer agent and/or index receipt agent, and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. process share creations and redemptions with each Fund’s transfer agent; 1.13. maintain create/redeem records to the extent they are not otherwise maintained by other service providers; 1.14. accrue expenses of each Fund; 1.131.15. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.16. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.17. provide such periodic reports as agreed to by the parties; 1.161.18. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.19. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.181.20. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and; 1.191.21. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trustto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund; and 1.22. generate each Fund’s daily portfolio composition file (“PCF”) in NSCC format, which includes investment adviser inputs and accounting inputs for transmission to Custodian for dissemination to NSCC, and any other communications required by NSCC related to the PCF. Ultimus will also send the PCF to any required vendors and the Fund’s investment adviser for recordkeeping.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s independent registered public accounting firm in preparation of the Fund Company’s tax returns; and 1.191.18. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity, including without limitation performing processing such as recording paid-in capital activity, perform necessary reconciliations with the transfer agent and the custodian, and provide cash availability data to the Trust’s investment adviser, if requested; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, yields, total return, expense ratios, portfolio turnover rate, dividend payables, dividend factors, and dollar-weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fundprovide standardized performance reporting data to the Trust and its investment adviser(s); 1.8. track and validate income and expense accruals, analyze and modify expense accrual changes periodically, and process expense disbursements to vendors and service providers; 1.9. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.91.10. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments;; American Pension Investors Trust (d/b/a Yorktown Funds) 1.101.11. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.111.12. calculate Fund expenses based on instructions from the Fund’s administrator; 1.121.13. accrue expenses of each Fund; 1.131.14. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions transactions, and (3) income and expense accounts; 1.141.15. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.16. provide such periodic reports as agreed to by the parties; 1.161.17. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.18. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.181.19. provide accounting information to assist the Fund CompanyTrust’s independent registered public accounting firm in accountant with the preparation and filing of the Fund Company’s federal and state tax returns; and 1.191.20. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with during any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s Funds’ prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the TrustAdministrator; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administratorAdministrator; 1.121.11. accrue expenses of each Fund; 1.131.12. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.13. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.14. provide such periodic reports as agreed to by the partiesparties and web-based access to fund accounting reporting systems; 1.161.15. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.16. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s independent registered public accounting firm in preparation of the Fund Company’s tax returns; and 1.191.17. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustAdministrator.

Performance of Daily Accounting Services. Ultimus Xxxxxxx shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.121.11. accrue expenses of each Fund; 1.131.12. determine the outstanding receivables and payables for all (1I) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.13. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.14. provide such periodic reports as agreed to by the parties; 1.161.15. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1I) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13( I3) trial balances; 1.171.16. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s independent registered public accounting firm in preparation of the Fund Company’s tax returns; and 1.191.17. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity, including without limitation performing processing such as recording paid-in capital activity, perform necessary reconciliations with the transfer agent and the custodian, and provide cash availability data to the Trust’s investment adviser, if requested; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, yields, total return, expense ratios, portfolio turnover rate, dividend payables, dividend factors, and dollar-weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fundprovide standardized performance reporting data to the Trust and its investment adviser(s); 1.8. track and validate income and expense accruals, analyze and modify expense accrual changes periodically, and process expense disbursements to vendors and service providers; 1.9. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.91.10. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.101.11. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.111.12. calculate Fund expenses based on instructions from the Fund’s administrator; 1.121.13. accrue expenses of each Fund; 1.131.14. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.15. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.16. provide such periodic reports as agreed to by the parties; 1.161.17. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.18. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.181.19. provide accounting information to assist the Fund CompanyTrust’s independent registered public accounting firm in with the preparation and filing of the Fund Company’s federal and state tax returns; and; 1.191.20. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with during any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ each Fund’s listing exchange, authorized participants, transfer agent and/or index receipt agent, and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue accure income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis;; EntrepreneurShares Series TrustTM Fund Accounting Addendum 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator, 1.12. process share creations and redemptions with each Fund’s transfer agent; 1.121.13. maintain create/redeem records to the extent they are not otherwise maintained by other services providers; 1.14. accrue expenses of each Fund; 1.131.15. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.16. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.17. provide such periodic reports as agreed to by the parties; 1.161.18. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.19. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.181.20. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and; 1.191.21. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trusteach Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund; and 1.22. generate each Fund’s daily portfolio composition file (“PCF”) in NSCC format, which includes investment adviser inputs and accounting inputs for transmission to Custodian for dissemination to NSCC, and any other communications required by NSCC related to the PCF. Ultimus will also send the PCF to any required vendors and the Fund’s investment adviser for recordkeeping.

Performance of Daily Accounting Services. Ultimus Xxxxxxx shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ each Fund’s listing exchange, authorized participants, transfer agent and/or index receipt agent, and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis;; Fund Accounting Addendum 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. process share creations and redemptions with each Fund’s transfer agent; 1.13. maintain create/redeem records to the extent they are not otherwise maintained by other services providers; 1.14. accrue expenses of each Fund; 1.131.15. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.16. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.17. provide such periodic reports as agreed to by the parties; 1.161.18. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.19. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.181.20. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and; 1.191.21. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trustto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.Fund; and 1.22. provision of basket services in connection with ETF creation and redemption unit processing, including: a. receive Portfolio Listing File from investment adviser and create PCF (Portfolio Composition File) in NSCC Format; b. apply mandatory corporate actions to PCF; c. basket valuation and calculation of estimated and actual cash components; d. transmit PCF to each Fund and investment adviser as instructed; e. distribute PCF in NSCC file format to custodian for dissemination to NSCC; and f. calculate and communicate slippage in accordance with established procedure. Fund Accounting Addendum

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional informationregistration statement: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s the investment adviser or its designee, as approved by the TrustCorporation’s Board of Trustees Directors (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the periodic net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the FundCorporation; 1.6. determine unrealized appreciation and depreciation on securities held by the FundsCorporation; 1.7. accrue income of each Fundthe Corporation; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the TrustCorporation; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund Corporation or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administratorexpenses; 1.12. accrue expenses of each Fundthe Corporation; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the TrustCorporation’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund Corporation or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund CompanyCorporation’s independent registered public accounting firm in preparation of the Fund CompanyCorporation’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the TrustCorporation’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustCorporation.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each FundPortfolio, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each FundPortfolio’s investment adviser or its designee, as approved by the TrustFund’s Board of Trustees Directors (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ Fund’s custodian cash and all daily activity; 1.4. compute, as appropriate, each FundPortfolio’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund Portfolio prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Fundseach Portfolio; 1.7. accrue income of each FundPortfolio; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the TrustFund; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund Portfolio or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund Portfolio expenses based on instructions from the Fund’s administrator; 1.12. accrue expenses of each FundPortfolio; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund Portfolio share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the TrustFund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s independent registered public accounting firm in preparation of the Fund Company’s tax returns; and 1.191.18. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the TrustFund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.121.11. accrue expenses of each Fund;; Fund Accounting and Financial Administration Addendum Foreside Management Services, LLC 1.131.12. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.13. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.14. provide such periodic reports as agreed to by the parties; 1.161.15. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.16. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s independent registered public accounting firm in preparation of the Fund Company’s tax returns; and 1.191.17. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily monthly for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each consistent with the Fund’s investment adviser or its designee, Valuation Policy as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily monthly the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basisagents; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s independent registered public accounting firm in preparation of the Fund Company’s tax returns; and 1.191.18. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. calculate and report at the level of each sub-adviser, the net asset value and all holdings and performance measures otherwise provided at the Fund level; 1.3. provide fund of fund net asset value calculations and reporting; 1.4. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, in accordance with the Fund Companies’ Valuation Procedures as approved by the Trust’s Fund Companies’ Board of Trustees Trustees/Directors (hereafter referred to as “Board”); 1.31.5. monitor indices and halted securities and communicate issues that are reasonably expected to trigger a security fair valuation in accordance with the Fund Companies’ Valuation Procedures; 1.6. verify and reconcile with the Funds’ custodian cash and all daily activity, including without limitation performing processing such as recording paid-in capital activity, perform necessary reconciliations with the transfer agent and the custodian, and provide cash availability data to the applicable Fund Company’s investment adviser, if requested; 1.41.7. compute, as appropriate, each Fund’s net income and realized capital gains, yields, total return, expense ratios, portfolio turnover rate, dividend payables, dividend factors, and dollar-weighted average portfolio maturity; 1.51.8. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.61.9. determine unrealized appreciation and depreciation on securities held by the Funds; 1.71.10. accrue income of each Fundprovide standardized performance reporting data to the applicable Fund Company and its investment adviser; 1.81.11. track and validate income and expense accruals, analyze and modify expense accrual changes periodically, and process expense disbursements to vendors and service providers; 1.12. allocate daily capital stock activity to the Fund’s sub-advisers based on allocation instructions provided by the Trust’s investment advisor; 1.13. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trusta Fund Company; 1.91.14. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.101.15. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.111.16. calculate Fund expenses based on instructions from the Fund’s administrator; 1.121.17. accrue expenses of each Fund; 1.131.18. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.19. provide accounting reports in connection with the Trusteach Fund Company’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.20. provide such periodic reports as agreed to by the parties; 1.161.21. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.22. assist each Fund Company’s independent registered accounting with the preparation and filing of federal and state tax returns; 1.23. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s independent registered public accounting firm in preparation of the Fund Company’s tax returns; and 1.191.24. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trusteach Fund Company’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund Company.

Performance of Daily Accounting Services. Ultimus Service Provider shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. 1.1 calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. 1.2 obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s fair value committee or investment adviser adviser, or its the investment adviser’s designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. 1.3 verify and reconcile with the Funds’ Fund’s custodian cash and all daily activity; 1.4. 1.4 compute, as appropriate, each the Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. 1.5 review daily the net asset value calculation and dividend factor (if any) for each the Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. 1.6 determine unrealized appreciation and depreciation on securities held by the FundsFund; 1.7. 1.7 accrue income of each the Fund; 1.8. 1.8 amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. 1.9 update fund accounting system to reflect rate changes, as received/obtained by UltimusService Provider, on variable interest rate instruments; 1.10. 1.10 record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. 1.11 calculate Fund the Fund’s expenses based on instructions from the Fund’s administrator; 1.12. 1.12 accrue expenses of each the Fund; 1.13. 1.13 determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. 1.14 provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. 1.15 provide such periodic reports as agreed to by the parties; 1.16. 1.16 prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. 1.17 provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s independent registered public accounting firm in preparation of the Fund Company’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each the Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each the Fund’s investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ Fund’s custodian cash and all daily activity; 1.4. compute, as appropriate, each the Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each the Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the FundsFund; 1.7. accrue income of each the Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the TrustFund; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.12. accrue expenses of each the Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the TrustFund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund CompanyFund’s independent registered public accounting firm in IRPAF for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, to the TrustFund’s independent public accountants IRPAF in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity, including without limitation performing processing such as recording paid-in capital activity, perform necessary reconciliations with the transfer agent and the custodian, and provide cash availability data to the Trust’s investment adviser, if requested; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, yields, total return, expense ratios, portfolio turnover rate, dividend payables, dividend factors, and dollar-weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fundprovide standardized performance reporting data to the Trust and its investment adviser(s); 1.8. track and validate income and expense accruals, analyze and modify expense accrual changes periodically, and process expense disbursements to vendors and service providers; 1.9. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.91.10. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.101.11. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.111.12. calculate Fund expenses based on instructions from the Fund’s administrator; 1.121.13. accrue expenses of each Fund; 1.131.14. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions transactions, and (3) income and expense accounts; 1.141.15. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.16. provide such periodic reports as agreed to by the parties; 1.161.17. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.18. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.181.19. provide accounting information to assist the Fund CompanyTrust’s independent registered public accounting firm in accountant with the preparation and filing of the Fund Company’s federal and state tax returns; and 1.191.20. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with during any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus Xxxxxxx shall perform the following accounting services daily for each the Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each the Fund’s investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ Fund’s custodian cash and all daily activity; it being understood and agreed that Xxxxxxx will be provided direct, electronic access to such information from the Fund’s custodian. For assets not held at the custodian, statements or other reasonable supporting documentation deemed acceptable by Xxxxxxx will be provided, for reconciliation purposes; 1.4. compute, as appropriate, each the Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each the Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the FundsFund; 1.7. accrue income of each the Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the TrustFund; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administratoradministrator ; 1.12. accrue expenses of each the Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the TrustFund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents, prepare and maintain the Fund records as applicable and directed by the Fund; such records may, but need not include: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption repurchase journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companiescompanies but will do so on an anonymous basis; 1.18. provide accounting information to the Fund CompanyFund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, with and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, to the TrustFund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. accrue expenses of each Fund;; Fund Accounting Addendum 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trusteach Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each the Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ Fund’s custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.50.0. review xxxxxx daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the FundsFund; 1.7. accrue income of each the Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the TrustFund; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.12. accrue expenses of each the Fund;; Volumetric Fund Inc. Services AddendumPage 1 of 8 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the TrustFund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund CompanyFund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, with and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the TrustFund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. accrue expenses of each Fund;; Index Funds – Fund Accounting Addendum Page 1 of 4 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trusteach Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus Uxxxxxx shall perform the following accounting services daily for each the Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each the Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each the Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.12. accrue expenses of each the Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the TrustFund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund CompanyFund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, to the TrustFund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus Xxxxxxx shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s 's prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s 's investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ ' custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s 's net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s 's administrator;; Centaur Mutual Funds Trust 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trust’s each Fund's regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s each Fund's independent registered public accounting firm in for preparation of the Fund Company’s Fund's tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trust’s to each Fund's independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. calculate and report at the level of each sub-adviser, the net asset value and all holdings and performance measures otherwise provided at the Fund level; 1.3. provide fund of fund net asset value calculations and reporting; 1.4. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, in accordance with the Fund Companies’ Valuation Procedures as approved by the Trust’s Fund Companies’ Board of Trustees Trustees/Directors (hereafter referred to as “Board”); 1.31.5. monitor indices and halted securities and communicate issues that are reasonably expected to trigger a security fair valuation in accordance with the Fund Companies’ Valuation Procedures; 1.6. verify and reconcile with the Funds’ custodian cash and all daily activity, including without limitation performing processing such as recording paid-in capital activity, perform necessary reconciliations with the transfer agent and the custodian, and provide cash availability data to the applicable Fund Company’s investment adviser, if requested; 1.41.7. compute, as appropriate, each Fund’s net income and realized capital gains, yields, total return, expense ratios, portfolio turnover rate, dividend payables, dividend factors, and dollar-weighted average portfolio maturity; 1.51.8. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.61.9. determine unrealized appreciation and depreciation on securities held by the Funds; 1.71.10. accrue income of each Fundprovide standardized performance reporting data to the applicable Fund Company and its investment adviser; 1.81.11. track and validate income and expense accruals, analyze and modify expense accrual changes periodically, and process expense disbursements to vendors and service providers; 1.12. allocate daily capital stock activity to the Fund’s sub-advisers based on allocation instructions provided by the Trust’s investment advisor; 1.13. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trusta Fund Company; 1.91.14. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.101.15. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.111.16. calculate Fund expenses based on instructions from the Fund’s administrator; 1.121.17. accrue expenses of each Fund; 1.131.18. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.19. provide accounting reports in connection with the Trusteach Fund Company’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.20. provide such periodic reports as agreed to by the parties; 1.161.21. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.22. assist each Fund Company’s independent registered accounting with the preparation and filing of federal and state tax returns; 1.23. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s independent registered public accounting firm in preparation of the Fund Company’s tax returns; and 1.19and 1.24. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trusteach Fund Company’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund Company.

Performance of Daily Accounting Services. Ultimus Xxxxxxx shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, with and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trustto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional informationregistration statement: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s the investment adviser or its designee, as approved by the TrustCorporation’s Board of Trustees Directors (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the periodic net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the FundCorporation; 1.6. determine unrealized appreciation and depreciation on securities held by the FundsCorporation; 1.7. accrue income of each Fundthe Corporation; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the TrustCorporation; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund Corporation or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administratorexpenses; 1.12. accrue expenses of each Fundthe Corporation; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the TrustCorporation’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund Corporation or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund CompanyCorporation’s independent registered public accounting firm in preparation of the Fund CompanyCorporation’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the TrustCorporation’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustCorporation.

Performance of Daily Accounting Services. Ultimus Xxxxxxx shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ each Fund’s listing exchange, authorized participants, transfer agent and/or index receipt agent, and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. process share creations and redemptions with each Fund’s transfer agent; 1.13. maintain create/redeem records to the extent they are not otherwise maintained by other services providers; 1.14. accrue expenses of each Fund; 1.131.15. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.16. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.17. provide such periodic reports as agreed to by the parties; 1.161.18. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.19. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.181.20. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and; 1.191.21. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trustto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund; and 1.22. provision of basket services in connection with ETF creation and redemption unit processing, including: a. receive Portfolio Listing File from investment adviser and create PCF (Portfolio Composition File) in NSCC Format; b. apply mandatory corporate actions to PCF; c. basket valuation and calculation of estimated and actual cash components; d. transmit PCF to each Fund and investment adviser as instructed; e. distribute PCF in NSCC file format to custodian for dissemination to NSCC; and f. calculate and communicate slippage in accordance with established procedure.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 T+l basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trusteach Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis;; Xxxxxx & Xxxxxx – Capitol Series Trust Fund Accounting Addendum October 1, 2017 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to assist the Fund Company’s independent registered public accounting firm in firms with the preparation and filing of the Fund Company’s tax returns. Ultimus will also research and calculate the qualified dividend rate for income and short term capital gain distributions and assist in the production of supplemental tax information letters for each Fund, if applicable; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each the Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each the Fund’s investment adviser or its designee, as approved by the TrustFund’s Board of Trustees Directors (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ Fund’s custodian cash and all daily activity; 1.4. compute, as appropriate, each the Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each the Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the FundsFund; 1.7. accrue income of each the Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the TrustFund; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.12. accrue expenses of each the Fund;; Fund Accounting Addendum 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the TrustFund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund CompanyFund’s independent registered public accounting firm in preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the TrustFund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the TrustCompany’s Board of Trustees (hereafter referred to as “Board”)Directors; 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the TrustCompany; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the TrustCompany’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s independent registered public accounting firm in preparation of the Fund Company’s tax returns; and 1.19. cooperate with, with and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the TrustCompany’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustCompany.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved in writing by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) ; Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Company’s independent registered public accounting firm in preparation of the Fund Company’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.Accounting Addendum

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board, to the extent Board of Trustees (hereafter referred to as “Board”)approval is required by applicable law; 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trusteach Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.

Performance of Daily Accounting Services. Ultimus Xxxxxxx shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s fair value committee or investment adviser adviser, or its the investment adviser’s designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ each Fund’s listing exchange, authorized participants, transfer agent and/or index receipt agent, and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. process share creations and redemptions with each Fund’s transfer agent; 1.13. maintain create/redeem records to the extent they are not otherwise maintained by other services providers; 1.14. accrue expenses of each Fund; 1.131.15. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.16. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.17. provide such periodic reports as agreed to by the parties; 1.161.18. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.19. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.181.20. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and; 1.191.21. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trustto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund; 1.22. generate each Fund’s daily portfolio composition file (“PCF”) in NSCC format, which includes investment adviser inputs and accounting inputs for transmission to Custodian for dissemination to NSCC, and any other communications required by NSCC related to the PCF. Xxxxxxx will also send the PCF to any required vendors and the Fund’s investment adviser for recordkeeping; 1.23. research and calculate the qualified dividend rate for income and short-term capital gain distributions and assist in the production of supplemental tax information letters for the Fund, if applicable; 1.24. calculate for each Fund share class, as applicable, accruals of shareholder servicing fees and/or distributions fees under Rule 12b-1 under the Investment Company Act of 1940, as amended; and 1.25. distribute net asset values and/or yields to the Fund’s listing exchange, authorized participants, transfer agent and/or index receipt agent, as applicable; and 1.26. provision of basket services in connection with ETF creation and redemption unit processing, including: a. receive Portfolio Listing File from investment adviser and create PCF (Portfolio Composition File) in NSCC Format; b. apply mandatory corporate actions to PCF; c. basket valuation and calculation of estimated and actual cash components; d. transmit PCF to each Fund and investment adviser as instructed; e. distribute PCF in NSCC file format to custodian for dissemination to NSCC; and f. calculate and communicate slippage in accordance with established procedure.

Performance of Daily Accounting Services. Ultimus Uxxxxxx shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s fair value committee or investment adviser adviser, or its the investment adviser’s designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ each Fund’s listing exchange, authorized participants, transfer agent and/or index receipt agent, and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. process share creations and redemptions with each Fund’s transfer agent; 1.13. maintain create/redeem records to the extent they are not otherwise maintained by other services providers; 1.14. accrue expenses of each Fund; 1.131.15. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.141.16. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.151.17. provide such periodic reports as agreed to by the parties; 1.161.18. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journalsredemptionjournals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.171.19. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.181.20. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and; 1.191.21. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trustto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund; 1.22. generate each Fund’s daily portfolio composition file (“PCF”) in NSCC format, which includes investment adviser inputs and accounting inputs for transmission to Custodian for dissemination to NSCC, and any other communications required by NSCC related to the PCF. Uxxxxxx will also send the PCF to any required vendors and the Fund’s investment adviser for recordkeeping; 1.23. research and calculate the qualified dividend rate for income and short-term capital gain distributions and assist in the production of supplemental tax information letters for the Fund, if applicable; 1.24. calculate for each Fund share class, as applicable, accruals of shareholder servicing fees and/or distributions fees under Rule 12b-1 under the Investment Company Act of 1940, as amended; and 1.25. distribute net asset values and/or yields to the Fund’s listing exchange, authorized participants, transfer agent and/or index receipt agent, as applicable; and 1.26. provision of basket services in connection with ETF creation and redemption unit processing, including: a. receive Portfolio Listing File from investment adviser and create PCF (Portfolio Composition File) in NSCC Format; b. apply mandatory corporate actions to PCF; c. basket valuation and calculation of estimated and actual cash components; d. transmit PCF to each Fund and investment adviser as instructed; e. distribute PCF in NSCC file format to custodian for dissemination to NSCC; and f. calculate and communicate slippage in accordance with established procedure.

Performance of Daily Accounting Services. Ultimus Uxxxxxx shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ NASDAQ, and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the each Fund or its authorized agents on the industry standard T+1 basis;; Fund Accounting Addendum 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.12. accrue expenses of each Fund; 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.14. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.15. provide such periodic reports as agreed to by the parties; 1.16. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to the Fund Companyeach Fund’s independent registered public accounting firm in for preparation of the Fund CompanyFund’s tax returns; and 1.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trustto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.