SEVENTH AMENDMENT TO EXPENSE LIMITATION AGREEMENT ABSOLUTE SHARES TRUST
SEVENTH AMENDMENT TO
This Amendment is effective as of May 22, 2019, by and between the funds listed on Schedule A (each, a “Fund” and, collectively, the “Funds”), each a series of shares of Absolute Shares Trust, a Delaware statutory trust (the “Trust”) and WBI Investments, Inc., a New Jersey corporation (the “Sub-Advisor”).
WHEREAS, the Trust and the Sub-Advisor entered into that certain Expense Limitation Agreement dated as of August 1, 2014 (the “Expense Limitation Agreement”);
WHEREAS, the Trust and the Sub-Advisor desire to amend Schedule A to the Expense Limitation Agreement to extend the Limit Expiration Date applicable to each Fund to October 31, 2020.
NOW, THEREFORE, in consideration of the mutual covenants herein contained, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree the Schedule A to the Expense Limitation Agreement be, and it hereby is, amended and replaced with Schedule A hereto.
IN WITNESS WHEREOF, the parties have caused this Amendment to be signed by their respective officers thereunto duly authorized and their respective corporate seals to be hereunto affixed, as of the day and year first above written.
ON BEHALF OF THE FUNDS |
______________________________ |
By: /s/ Xxx Xxxxxxxxx Xx. |
Title: President |
Date: ___________________ |
WBI INVESTMENTS, INC. |
_____________________________ |
By: Xxxxxxx Xxxxxxxxx |
Title: President |
Date: ___________________ |
SCHEDULE A
Funds and Operating Expense Limits
Fund | Operating Expense Limit | Limit Expiration |
WBI BullBear Rising Income 2000 ETF | 1.25% | October 31, 2020 |
WBI BullBear Value 2000 ETF | 1.25% | October 31, 2020 |
WBI BullBear Yield 2000 ETF | 1.25% | October 31, 2020 |
WBI BullBear Quality 2000 ETF | 1.25% | October 31, 2020 |
WBI BullBear Rising Income 1000 ETF | 1.25% | October 31, 2020 |
WBI BullBear Value 1000 ETF | 1.25% | October 31, 2020 |
WBI BullBear Yield 1000 ETF | 1.25% | October 31, 2020 |
WBI BullBear Quality 1000 ETF | 1.25% | October 31, 2020 |
WBI BullBear Global Income ETF | 1.25% | October 31, 2020 |
WBI BullBear Global High Income ETF | 1.25% | October 31, 2020 |
WBI BullBear Global Rotation ETF | 1.25% | October 31, 2020 |
WBI Power Factor High™ Dividend ETF | .70% | October 31, 2020 |
Adopted: August 1, 2014
Amended: May 22, 2019
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