Common use of COVERED FUNDS Clause in Contracts

COVERED FUNDS. The Funds to be covered under this Agreement include: Fund Name Board Approval Date Horizon Active Asset Allocation Fund December 15, 2011 SELECTED SERVICES and FEES The Fund(s) shall pay to GFS the following fees: (all basis point fees will be calculated based upon the average net assets of the Fund for the previous month) Fund Accounting Fees

COVERED FUNDS. The Funds to be covered under this Agreement include: Fund Name Board Approval Date Horizon Active Asset Allocation Bluerock Total Income+ Real Estate Fund December 15July 26, 2011 2012 SELECTED SERVICES and FEES The Fund(s) shall pay to GFS the following fees: (all basis point fees will be calculated based upon the average net assets of the Fund for the previous month) Fund Accounting Fees

COVERED FUNDS. The Funds to be covered under this Agreement include: Fund Name Board Approval Date Horizon Active Asset Allocation Milestone Treasury Obligations Fund December 15, 2011 SELECTED SERVICES and FEES The Fund(s) shall pay to GFS the following fees: (all basis point fees will be calculated based upon the average net assets of the Fund for the previous month) Fund Accounting Fees)

COVERED FUNDS. The Funds Fund(s) to be covered under this Agreement include: Fund Name Board Approval Date Horizon Active Asset Allocation Alternative Strategies Mutual Fund December 15May 17, 2011 SELECTED SERVICES and FEES The Fund(s) shall pay to GFS the following fees: (all basis point fees will be calculated based upon the average net assets of the Fund for the previous month) Fund Accounting Fees

COVERED FUNDS. The Funds to be covered under this Agreement include: Fund Name Board Approval Date Horizon Active Asset Allocation Fund December XXXXXXXX RISK MANAGED DIVIDEND GROWTH FUND November 15, 2011 2010 SELECTED SERVICES and FEES The Fund(s) shall pay to GFS the following fees: (all basis point fees will be calculated based upon the average net assets of the Fund for the previous month) Fund Accounting Fees

COVERED FUNDS. The Funds Fund to be covered under this Agreement include: Fund Name Board Approval Date Horizon Active Asset Allocation Xxxxxx Convertible Fund December 15, 2011 11/27/2007 SELECTED SERVICES and FEES The Fund(s) shall pay to GFS the following fees: (all basis point fees will be calculated based upon the average net assets of the Fund for the previous month) Fund Accounting Fees)

COVERED FUNDS. The Funds to be covered under this Agreement include: Fund Name Board Approval Date Horizon Active Asset Allocation AR Capital Real Estate Income Fund December 15, 2011 April 2013 SELECTED SERVICES and FEES The Fund(s) RCS shall pay to GFS the following fees: fees (all basis point fees will be calculated based upon the average net assets of the Fund for the previous month) Fund Accounting Fees):

COVERED FUNDS. The Funds to be covered under this Agreement include: Fund Name Name* Board Approval Date Horizon Active Asset Allocation Fund December 15, 2011 Horizon Active Income Fund July 25, 2013 *Horizon Active Asset Allocation Fund and Horizon Active Income Fund are collectively referred to herein as the “Complex” SELECTED SERVICES and FEES The Fund(s) shall pay to GFS the following fees: (all basis point fees will be calculated based upon the average net assets of the Fund Complex for the previous month) Fund Accounting Fees

COVERED FUNDS. The Funds to be covered under this Agreement include: Fund Name Board Approval Date Horizon Active Asset Allocation Vertical Capital Income Fund December 15August 2, 2011 SELECTED SERVICES and FEES The Fund(s) shall pay to GFS the following fees: (all basis point fees will be calculated based upon the average net assets of the Fund for the previous month) Fund Accounting Fees

COVERED FUNDS. The Funds to be covered under this Agreement include: Fund Name Board Approval Date Horizon Active Asset Allocation Ladenburg Xxxxxxxx Alternative Strategies Fund December 15June 17, 2011 2010 SELECTED SERVICES and FEES The Fund(s) shall pay to GFS the following fees: (all basis point fees will be calculated based upon the average net assets of the Fund for the previous month) Fund Accounting Fees

COVERED FUNDS. The Funds to be covered under this Agreement include: Fund Name Board Approval Date Horizon Active Asset Allocation The Rogé Partners Fund December 15, 2011 5/18/2010 SELECTED SERVICES and FEES The Fund(s) shall pay to GFS the following fees: (all basis point fees will be calculated based upon the average net assets of the Fund for the previous month) Fund Accounting Fees

COVERED FUNDS. The Funds Fund(s) to be covered under this Agreement include: Fund Name Board Approval Date Horizon Active Asset Allocation Fund December 15PREDEX April 7, 2011 2016 SELECTED SERVICES and FEES The Fund(s) shall pay to GFS the following fees: (all basis point fees will be calculated based upon the average net assets of the Fund for the previous month) Fund Accounting Fees)

COVERED FUNDS. The Funds to be covered under this Agreement include: Fund Name Board Approval Date Horizon Active Asset Allocation Milestone Treasury Obligations Fund December 15September 23, 2011 SELECTED SERVICES and FEES The Fund(s) shall pay to GFS the following fees: (all basis point fees will be calculated based upon the average net assets of the Fund for the previous month) Fund Accounting Fees)

COVERED FUNDS. The Funds to be covered under this Agreement include: Fund Name Board Approval Date Horizon Active Asset Allocation GL Beyond Income Fund December 15January 17, 2011 2012 SELECTED SERVICES and FEES The Fund(s) shall pay to GFS the following fees: (all basis point fees will be calculated based upon the average net assets of the Fund for the previous month) Fund Accounting Fees