Exemption Services Sample Clauses

Exemption Services. Ultimus shall use its best efforts in performing the following duties: 1) Identify the Trusts that qualify for exemptions from the obligation to pay registration fees under one or more states’ securities laws in connection with purchases of Trust Shares by existing shareholders (the “Existing Exemption”), and avail such Trusts of the Existing Exemptions in states where the applicable state securities law registration fees are based on sales of Trust Shares. Sub-Transfer Agent and Shareholder Services Addendum August 1, 2024 2) Review and research shareholder records using social codes in order to identify shareholders of the Trusts (i) engaging in activities incurring state securities law registration fees in states in which there is no cap for such fees and (ii) who may be of the type who qualify for exemptions on the part of the Trusts from the obligation to pay such registration fees under one or more states’ securities laws (the “Institutional Exemption”).