Existing Fund. AXA Equitable hereby reaffirms its appointment of the Adviser as the investment adviser for the AXA Enterprise Growth Fund on the terms and conditions set forth in the Agreement.
Existing Fund. The Corporation hereby reaffirms its appointment of Montag & Xxxxxxxx, Inc. as the Investment Adviser of the Enterprise Growth Fund and Enterprise Multi-Cap Growth Fund on the terms and conditions set forth in the Agreement.
Existing Fund. The Manager hereby reaffirms its appointment of the Sub-Adviser as an investment adviser to the 1290 High Yield Bond Fund.
Existing Fund. During such time as the Fund remains a series of the Trust, each Party shall have the following obligations:
Existing Fund. ○ The Fund is a commodity pool that issues Shares that may be purchased and sold on NYSE Arca. ○ The Fund is a series of the Teucrium Commodity Trust, a Delaware statutory trust (the “Trust”).
Existing Fund. Teucrium was responsible for paying for all listing, legal, and regulatory costs and expenses incurred in connection with the regulatory process related to the launch of the Fund, including drafting the Fund’s registration statement, exchange listing fees, and other regulatory or service provider fees (“Start-Up Costs”) that were incurred or accrued prior to April 7, 2022. Beginning April 7, 2022, Txxxxx and Hxxxxxx became jointly responsible for paying Start- Up Costs for the Fund in accordance with table below, with such Start-Up Costs being pre- approved by Txxxxx and Hashdex.
Existing Fund. Upon the launch of the Fund, Teucrium shall be initially responsible for paying all fixed and variable costs and expenses associated with the on-going operation of the Fund, including but not limited to fund administration fees, custody fees, legal fees, exchange listing fees and related service fees, transfer agent fees, compliance fees, fund audit fees, insurance costs, printing and mailing fees, and all other such costs mutually agreed upon by Teucrium (in the case of the Fund or by Hashdex and Toroso in the case of the New Fund) to be necessary for the on-going operation of the Fund, but excluding Marketing Costs (collectively, “Operational Costs”). Txxxxx and Hxxxxxx shall jointly be responsible for reimbursing Teucrium for Operational Costs each month, with Toroso and Hashdex to bear such Operational Expenses in the following percentages: Operational Cost Reimbursement Sharing Percentages TOROSO SHARE HASHDEX SHARE 50% 50% Hashdex shall be responsible for paying for all fixed and variable costs and expenses associated with marketing activities (“Marketing Costs”). Hxxxxxx agrees to incur or reimburse Teucrium and Toroso for Marketing Costs for the benefit of the Fund in an amount of at least $20,000/month, but Hashdex is not obligated to incur more than such amount unless Hashdex otherwise agrees. Hashdex shall have the right to approve all material Marketing Costs before they are incurred.
