Common use of SALE AND ISSUANCE OF SHARES Clause in Contracts

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency Fund – Institutional Class The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency Xxxxxxxx Multi-Strategy Income Fund – Institutional Class T The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency WCM Quality Dividend Growth Fund – Investor Class WCM Quality Dividend Growth Fund – Institutional Class The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency WV Concentrated Equities Fund – Institutional Class A WV Concentrated Equities Fund – Class I The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Chartwell Short Emerging Markets Currency Duration High Yield Fund – Institutional Class A $10.00 Chartwell Short Duration High Yield Fund – Class I $10.00 The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper LongAAM/Short Emerging Markets Currency Xxxx & Xxxxxx Income Growth Fund – Institutional Class T The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency Fund – Institutional Class AXS Xxxxxxx Xxxx TopGun Index ETF The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency Xxxxxxxx Opportunistic Income Fund – Institutional Class T The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency Berwyn Fund – Institutional Class Berwyn Income Fund Berwyn Cornerstone Fund The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency AXS Merger Fund – Institutional Investor Class AXS Merger Fund – Class I The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency Xxxxxx Square Income Plus Fund – Institutional Class T The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency Pxxxx Xxxxxxx Fortress Fund – Institutional Class K The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency Xxxx Xxxxx Dividend Growth Fund – Institutional Class The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency Rxxxxxxx Tax Advantaged Income Fund – Institutional Class T The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency Xxxxxxx Capital ESG XXXX Cap Fund – Institutional Class Xxxxxxx Capital ESG XXXX Cap Fund – Investor Class The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency Vivaldi Merger Arbitrage Fund – Institutional Class A Vivaldi Merger Arbitrage Fund - Class I The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.

SALE AND ISSUANCE OF SHARES. Subject to the terms and conditions of this Agreement, the Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Trust, shares of beneficial interest of the Fund (the “Shares”), par value $0.01, in amounts and at the prices set forth below with respect to each class: Fund—Share Class Shares of beneficial interest Price Per Share Aggregate Purchase Price SilverPepper Long/Short Emerging Markets Currency AXS Sustainable Income Fund – Institutional Class I AXS Sustainable Income Fund – Class A The aggregate proceeds for the Shares to be paid by Purchaser to the Trust hereunder shall be $___________.