Common use of Services Included in Annual Fee Per Fund Clause in Contracts

Services Included in Annual Fee Per Fund. Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update) CCO Annual Fees (Per Advisor Relationship/Fund)* § $[…] /fund (subject to change based on Board review and approval) § $[…] for each additional fund (subject to change based on Board review and approval) § $[…] / sub-advisor per fund Out-Of-Pocket Expenses Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costs (including GICS, MSCI, etc), postage, stationery, programming, special reports, proxies, insurance, EXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Additional Services Available but not included above are the following services – Daily compliance testing (Cxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board book portal (BookMark), and additional services mutually agreed upon. *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.

Services Included in Annual Fee Per Fund. Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update) CCO Annual Fees (Per Advisor Relationship/Fund)* § $[…] 12,000 /fund (subject to change based on Board review and approval) § $[…] 9,000 for each additional fund (subject to change based on Board review and approval) § $[…] 3,500 / sub-advisor per fund Out-Of-Pocket Expenses Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costs (including GICS, MSCI, etc), postage, stationery, programming, special reports, proxies, insurance, EXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Additional Services Available but not included above are the following services – Daily compliance testing (Cxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board book portal (BookMark), and additional services mutually agreed upon. *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.

Services Included in Annual Fee Per Fund. Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update) CCO Annual Fees (Per Advisor Relationship/Fund)* § $[…] 12,000 /fund (subject to change based on Board review and approval) § $[…] $ 9,000 for each additional fund (subject to change based on Board review and approval) § $[…] 3,500 / sub-advisor per fund Out-Of-Pocket Expenses Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costs (including GICS, MSCI, etc), postage, stationery, programming, special reports, proxies, insurance, EXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Additional Services Available but not included above are the following services – Daily compliance testing (Cxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board book portal (BookMark), and additional services mutually agreed upon. *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.

Services Included in Annual Fee Per Fund. Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update) CCO Annual Fees (Per Advisor Relationship/Fund)* § $[…] ___ /fund (subject to change based on Board review and approval) § $[…] $ ___ for each additional fund (subject to change based on Board review and approval) § $[…] ___ / sub-advisor per fund Out-Of-Pocket Expenses Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costs (including GICS, MSCI, etc), postage, stationery, programming, special reports, proxies, insurance, EXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Additional Services Available but not included above are the following services – Daily compliance testing (Cxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board book portal (BookMark), and additional services mutually agreed upon. ** Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.. Kxxxxxx

Services Included in Annual Fee Per Fund. Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update) CCO Annual Fees (Per Advisor Relationship/Fund)* § $[…] /fund 12,000 for the first fund (subject to change based on Board review and approval) § $[…] $ 9,000 for each additional fund (subject to change based on Board review and approval) § $[…] $ 3,500 / sub-advisor per fund Out-Of-Pocket Expenses Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costs (including GICS, MSCI, etc), postage, stationery, programming, special reports, proxies, insurance, EXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Additional Services Available but not included above are the following services – Daily compliance testing (Cxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board book portal (BookMark), and additional services mutually agreed upon. *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.

Services Included in Annual Fee Per Fund. Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update) CCO Annual Fees (Per Advisor Relationship/Orinda SkyView Multi-Manager Hedged Equity Fund)* ) § $[…] _____ /fund (subject to change based on Board review and approval) § $[…] for each additional fund ____ / per sub-advisor (other than SkyView) CCO Annual Fees (Per Advisor Relationship/Orinda SkyView Macro Opportunities Fund & Income Opportunities Fund) § $____ /fund (subject to change based on Board review and approval) § $[…] / ____ /per sub-advisor per fund (other than SkyView) Out-Of-Pocket Expenses Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costs (including GICS, MSCI, etc)costs, postage, stationery, programming, special reports, proxies, insurance, EXXXX/XBRL EXXXX filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Additional Services Available but not included above are the following services – Daily compliance testing (Cxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board book portal (BookMark)materials, and additional services mutually agreed upon. *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.

Services Included in Annual Fee Per Fund. Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update) CCO Annual Fees (Per Advisor Relationship/Orinda SkyView Multi-Manager Hedged Equity Fund)* § $[…] 12,000 /fund (subject to change based on Board review and approval) § $[…] for each additional 2,500 / sub-advisor per fund CCO Annual Fees (Per Advisor Relationship/Orinda SkyView Macro Opportunities Fund)* § $9,000 /fund (subject to change based on Board review and approval) § $[…] 3,500 / sub-advisor per fund Out-Of-Pocket Expenses Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costs (including GICS, MSCI, etc)costs, postage, stationery, programming, special reports, proxies, insurance, EXXXX/XBRL EXXXX filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Additional Services Available but not included above are the following services – Daily compliance testing (Cxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board book portal (BookMark)materials, and additional services mutually agreed upon. *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.. Advisor's Signature below acknowledges approval of the fee schedules on this Exhibit Z. Orinda Asset Management, LLC By: _____________________________ Printed Name: _____________________ Title: _____________________ Date: _____________________ Orinda - 3/2012

Services Included in Annual Fee Per Fund. Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update) CCO Annual Fees (Per Advisor Relationship/Orinda SkyView Multi-Manager Hedged Equity Fund)* ) § $[…] _____ /fund (subject to change based on Board review and approval) § $[…] for each additional fund _____ / per sub-advisor (other than SkyView) CCO Annual Fees (Per Advisor Relationship/Orinda SkyView Macro Opportunities Fund & Income Opportunities Fund) § $_____ /fund (subject to change based on Board review and approval) § $[…] / _____ /per sub-advisor per fund (other than SkyView) Out-Of-Pocket Expenses Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costs (including GICS, MSCI, etc)costs, postage, stationery, programming, special reports, proxies, insurance, EXXXX/XBRL EXXXX filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities. Additional Services Available but not included above are the following services – Daily compliance testing (Cxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board book portal (BookMark)materials, and additional services mutually agreed upon. *Subject to annual CPI increase, Milwaukee MSA. Fees are billed monthly.