AMERICAFIRST QUANTITATIVE TRUST TRUST AGREEMENT
Exhibit 1.1
AMERICAFIRST QUANTITATIVE TRUST
Dated: April 30, 2013
This Trust Agreement among AmericaFirst Securities, Inc. as the Depositor, Evaluator and Supervisor, and The Bank of New York Mellon, as Trustee, sets forth certain provisions in full and incorporates other provisions by reference to the document entitled “Standard Terms and Conditions of Trust For AmericaFirst Quantitative Trust, Effective for Unit Investment Trusts Established On and After April 30, 2013” (the “Standard Terms and Conditions of Trust”) and such provisions as are set forth in full and such provisions as are incorporated by reference constitute a single instrument. All references herein to Articles and Sections are to Articles and Sections of the Standard Terms and Conditions of Trust.
WITNESSETH THAT:
In consideration of the premises and of the mutual agreements herein contained, the Depositor, Trustee, Evaluator and Supervisor agree as follows:
PART I
STANDARD TERMS AND CONDITIONS OF TRUST
Subject to the provisions of Part II hereof, all the provisions contained in the Standard Terms and Conditions of Trust are herein incorporated by reference in their entirety and shall be deemed to be a part of this instrument as fully and to the same extent as though said provisions had been set forth in full in this instrument.
PART II
SPECIAL TERMS AND CONDITIONS OF TRUST
The following special terms and conditions are hereby agreed to:
1. The Securities listed in the Schedules hereto have been deposited in trust under this Trust Agreement.
2. The fractional undivided interest in and ownership of a Trust represented by each Unit thereof is a fractional amount, the numerator of which is one and the denominator of which is the amount set forth under “Statements of Financial Condition_Number of Units” in the Prospectus for the Trust.
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3. The aggregate number of Units described in Section 2.03(a) for a Trust is that number of Units set forth under “Statement of Financial Condition_Number of Units” in the Prospectus for the Trust.
4. The term “Deferred Sales Charge Payment Dates” shall mean the dates specified for deferred sales fee installments under “Fees Table” in the Prospectus for each Trust.
5. The term “Distribution Date” shall mean the “Distribution Dates” set forth under “Essential Information” in the Prospectus for each Trust.
6. The term “Mandatory Termination Date” shall mean the “Termination Date” set forth under “Essential Information” in the Prospectus for each Trust.
7. The term “Record Date” shall mean the “Record Dates” set forth under “Essential Information” in the Prospectus for each Trust.
8. Section 1.01(1) of the Standard Terms and Conditions of Trust is replaced in its entirety with the following:
“ ‘Depositor’ shall mean AmericaFirst Securities, Inc., and its successors in interest, or any successor depositor appointed as hereinafter provided.”
9. Section 1.01(3) of the Standard Terms and Conditions of Trust is replaced in its entirety with the following:
“ ‘Evaluator’ shall mean AmericaFirst Securities, Inc., and its successors in interest, or any successor evaluator appointed as hereinafter provided.”
10. Section 1.01(4) of the Standard Terms and Conditions of Trust is replaced in its entirety with the following:
“ ‘Supervisor’ shall mean AmericaFirst Securities, Inc. and its successors in interest, or any successor evaluator appointed as hereinafter provided.”
11. The Depositor's annual compensation as set forth under Section 3.13 shall be that dollar amount per 100 Units set forth under “Fees Table—Annual Operating expenses—Supervisory, evaluation and administration fees” in the Prospectus for each Trust.
12. The Trustee's annual compensation as set forth under Section 7.04 shall be 12 basis points of net asset value per Unit issued by the Trust, with a minimum of $10,000.
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IN WITNESS WHEREOF, the undersigned have caused this Trust Agreement to be executed; all as of the day, month and year first above written.
AmericaFirst Securities, Inc. | ||
By: | /s/ Xxxxxx X. Xxxxx | |
Name: | Xxxxxx X. Xxxxx | |
Title: | Chief Financial Officer & Chief Compliance Officer | |
The Bank of New York Mellon | ||
By: | /s/ Xxxxx Xxxxxxxxx | |
Name: | Xxxxx Xxxxxxxxx | |
Title: | Managing Director |
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SCHEDULE A TO TRUST AGREEMENT
SECURITIES INITIALLY DEPOSITED
IN
AMERICAFIRST SECURITIES, INC.
Incorporated herein by this reference and made a part hereof is the schedule set forth under “Portfolio” in the Prospectus for each Trust.
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