Common use of Other Allocations Clause in Contracts

Other Allocations. All other expenses of a Series shall be allocated to each class on the basis of the net asset value of that class in relation to the net asset of the Series. Notwithstanding the foregoing, the distributor or advisor of a Series may waive or reimburse the expenses of a specific class or classes to the extent permitted under Rule 18f-3 under the Act. In light of the foregoing, the Trust and the Adviser agree that the Adviser’s payment of Fund/Class expenses under this Agreement shall be monitored to assure compliance with Rule 18f-3 limitations. The Adviser is entitled to reimbursement from a Fund of any expenses waived pursuant to this amendment if such reimbursement does not cause the Fund to exceed existing expense limitations and the reimbursement is made within three years after the expenses were reimbursed or absorbed. All other terms of the Agreement shall remain in full force and effect. This Amendment is effective as of the date set forth above and has been duly authorized by an officer of each party. Schedule A Class A Class C Class S ICON Fund 1.50 %(1) 2.25 %(1) 1.25 %(1) ICON Bond Fund 1.00 %(1) 1.60 %(2) 0.75 %(2) ICON Risk-Managed Balanced Fund 1.45 %(2) 2.20 %(2) 1.20 %(2) CON Equity Income Fund 1.45 %(2) 2.20 %(2) 1.20 %(2) ICON Long/Short Fund 1.55 %(2) 2.30 %(2) 1.25 %(2) ICON International Equity Fund 1.80 %(2) 2.55 %(2) 1.55 %(2) ICON Europe Fund 1.80 %(2) 2.55 %(2) N/A ICON Emerging Markets Fund 1.80 %(2) 2.55 %(2) 1.55 %(1) ICON Consumer Discretionary Fund 1.99 %(1) 2.74 %(1) 1.74 %(1) ICON Energy Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Financial Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Healthcare Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Industrials Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Information Technology Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Consumer Staples Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Materials Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Utilities Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Opportunities Fund(3) 1.50 %(3)

Other Allocations. All other expenses of a Series shall be allocated to each class on the basis of the net asset value of that class in relation to the net asset of the Series. Notwithstanding the foregoing, the distributor or advisor of a Series may waive or reimburse the expenses of a specific class or classes to the extent permitted under Rule 18f-3 under the Act. In light of the foregoing, the Trust and the Adviser agree that the Adviser’s payment of Fund/Class expenses under this Agreement shall be monitored to assure compliance with Rule 18f-3 limitations. The Adviser is entitled to reimbursement from a Fund of any expenses waived pursuant to this amendment if such reimbursement does not cause the Fund to exceed existing expense limitations and the reimbursement is made within three years after the expenses were reimbursed or absorbed. All other terms of the Agreement shall remain in full force and effect. This Amendment is effective as of the date set forth above and has been duly authorized by an officer of each party. Schedule A Class A Class C Class S ICON Fund 1.50 %% (1) 2.25 %% (1) 1.25 %% (1) ICON Bond Fund 1.00 %% (1) 1.60 %% (2) 0.75 %% (2) ICON Risk-Managed Balanced Fund 1.45 %% (2) 2.20 %% (2) 1.20 %% (2) CON Equity Income Fund 1.45 %% (2) 2.20 %% (2) 1.20 %% (2) ICON Long/Short Fund 1.55 %% (2) 2.30 %% (2) 1.25 %% (2) ICON International Equity Fund 1.80 %% (2) 2.55 %% (2) 1.55 %% (2) ICON Europe Fund 1.80 %(2) 2.55 %(2) N/A ICON Emerging Markets Fund 1.80 %% (2) 2.55 %% (2) 1.55 %% (1) ICON Consumer Discretionary Fund 1.99 %% (1) 2.74 %(1) N/A 1.74 %% (1) ICON Energy Fund 1.75 %% (1) 2.50 %% (1) 1.50 %% (1) ICON Financial Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Healthcare Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Industrials Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Information Technology Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Consumer Staples Fund 1.75 %% (1) N/A 1.50 % (1) ICON Natural Resources Fund 1.75 % (1) 2.50 %% (1) 1.50 %(1) ICON Materials Fund 1.75 %(1) 2.50 %(1) 1.50 %% (1) ICON Utilities Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Opportunities Fund(3) 1.50 %% (3)

Other Allocations. All other expenses of a Series shall be allocated to each class on the basis of the net asset value of that class in relation to the net asset of the Series. Notwithstanding the foregoing, the distributor or advisor of a Series may waive or reimburse the expenses of a specific class or classes to the extent permitted under Rule 18f-3 under the Act. In light of the foregoing, the Trust and the Adviser agree that the Adviser’s payment of Fund/Class expenses under this Agreement shall be monitored to assure compliance with Rule 18f-3 limitations. The Adviser is entitled to reimbursement from a Fund of any expenses waived pursuant to this amendment if such reimbursement does not cause the Fund to exceed existing expense limitations and the reimbursement is made within three years after the expenses were reimbursed or absorbed. All other terms of the Agreement shall remain in full force and effect. This Amendment is effective as of the date set forth above and has been duly authorized by an officer of each party. Schedule A Class A Class C Class S ICON Fund 1.50 %% (1) 2.25 %% (1) 1.25 %% (1) ICON Bond Fund 1.00 %% (1) 1.60 %% (2) 0.75 %% (2) ICON Risk-Managed Balanced Fund 1.45 %% (2) 2.20 %% (2) 1.20 %% (2) CON ICON Equity Income Fund 1.45 %1.24 % (21)(2) 2.20 %1.99 % (21)(2) 1.20 %0.99 % (21)(2) ICON Long/Short Fund 1.55 %% (2) 2.30 %% (2) 1.25 %% (2) ICON International Equity Fund 1.80 %% (2) 2.55 %% (2) 1.55 %% (2) ICON Europe Fund 1.80 %(2) 2.55 %(2) N/A ICON Emerging Markets Fund 1.80 %% (2) 2.55 %% (2) 1.55 %% (1) ICON Consumer Discretionary Fund 1.99 %% (1) 2.74 %(1) N/A 1.74 %% (1) ICON Energy Fund 1.75 %% (1) 2.50 %% (1) 1.50 %% (1) ICON Financial Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Healthcare Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Industrials Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Information Technology Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Consumer Staples Fund 1.75 %% (1) N/A 1.50 % (1) ICON Natural Resources Fund 1.75 % (1) 2.50 %% (1) 1.50 %(1) ICON Materials Fund 1.75 %(1) 2.50 %(1) 1.50 %% (1) ICON Utilities Fund 1.75 %1.47 % (1) 2.50 %(1) 1.50 %N/A 1.22 % (1) ICON Opportunities Fund(3) 1.50 %Fund 1.30 % (31)

Other Allocations. All other expenses of a Series shall be allocated to each class on the basis of the net asset value of that class in relation to the net asset of the Series. Notwithstanding the foregoing, the distributor or advisor of a Series may waive or reimburse the expenses of a specific class or classes to the extent permitted under Rule 18f-3 under the Act. In light of the foregoing, the Trust and the Adviser agree that the Adviser’s payment of Fund/Class expenses under this Agreement shall be monitored to assure compliance with Rule 18f-3 limitations. The Adviser is entitled to reimbursement from a Fund of any expenses waived pursuant to this amendment if such reimbursement does not cause the Fund to exceed existing expense limitations and the reimbursement is made within three years after the expenses were reimbursed or absorbed. All other terms of the Agreement shall remain in full force and effect. This Amendment is effective as of the date set forth above and has been duly authorized by an officer of each party. Schedule A Class A Class C Class S ICON Fund 1.50 %1.50% (1) 2.25 %2.25% (1) 1.25 %1.25% (1) ICON Bond Fund 1.00 %1.00% (1) 1.60 %1.60% (2) 0.75 %0.75% (2) ICON Risk-Managed Balanced Fund 1.45 %1.45% (2) 2.20 %2.20% (2) 1.20 %1.20% (2) CON Equity Income Fund 1.45 %1.45% (2) 2.20 %2.20% (2) 1.20 %1.20% (2) ICON Long/Short Fund 1.55 %1.55% (2) 2.30 %2.30% (2) 1.25 %1.25% (2) ICON International Equity Fund 1.80 %1.80% (2) 2.55 %2.55% (2) 1.55 %1.55% (2) ICON Europe Fund 1.80 %1.80% (2) 2.55 %2.55% (2) N/A ICON Emerging Markets Asia-Pacific Region Fund 1.80 %1.80% (2) 2.55 %2.55% (2) 1.55 %(1) N/A ICON Consumer Discretionary Fund 1.99 %1.99% (1) 2.74 %2.74% (1) 1.74 %1.74% (1) ICON Energy Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Financial Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Healthcare Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Industrials Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Information Technology Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Consumer Staples Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Materials Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Utilities Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Opportunities Fund(3Fund(1) 1.50 %1.50% (31)

Other Allocations. All other expenses of a Series shall be allocated to each class on the basis of the net asset value of that class in relation to the net asset of the Series. Notwithstanding the foregoing, the distributor or advisor of a Series may waive or reimburse the expenses of a specific class or classes to the extent permitted under Rule 18f-3 under the Act. In light of the foregoing, the Trust and the Adviser agree that the Adviser’s payment of Fund/Class expenses under this Agreement shall be monitored to assure compliance with Rule 18f-3 limitations. The Adviser is entitled to reimbursement from a Fund of any expenses waived pursuant to this amendment if such reimbursement does not cause the Fund to exceed existing expense limitations and the reimbursement is made within three years after the expenses were reimbursed or absorbed. All other terms of the Agreement shall remain in full force and effect. This Amendment is effective as of the date set forth above and has been duly authorized by an officer of each party. Schedule A Class A Class C Class S ICON Fund 1.50 %% (1) 2.25 %% (1) 1.25 %% (1) ICON Bond Fund 1.00 %% (1) 1.60 %% (2) 0.75 %% (2) ICON Risk-Managed Balanced Fund 1.45 %% (2) 2.20 %% (2) 1.20 %% (2) CON ICON Equity Income Fund 1.45 %1.24 % (25) 2.20 %1.99 % (25) 1.20 %0.99 % (25) ICON Long/Short Fund 1.55 %% (2) 2.30 %% (2) 1.25 %% (2) ICON International Equity Fund 1.80 %% (2) 2.55 %% (2) 1.55 %% (2) ICON Europe Emerging Markets Fund 1.80 %(2) 2.55 %% (2) N/A ICON Emerging Markets Fund 1.80 %(2) 2.55 %(2) 1.55 %% (1) ICON Consumer Discretionary Fund 1.99 %% (1) 2.74 %(1) N/A 1.74 %% (1) ICON Energy Fund 1.75 %% (1) 2.50 %% (1) 1.50 %% (1) ICON Financial Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Healthcare Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Industrials Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Information Technology Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Consumer Staples Fund 1.75 %% (1) N/A 1.50 % (1) ICON Natural Resources Fund 1.75 % (1) 2.50 %% (1) 1.50 %(1) ICON Materials Fund 1.75 %(1) 2.50 %(1) 1.50 %% (1) ICON Utilities Fund 1.75 %1.47 % (13) 2.50 %N/A 1.22 % (1) 1.50 %(13) ICON Opportunities Fund(3) 1.50 %Fund 1.30% (34)

Other Allocations. All other expenses of a Series shall be allocated to each class on the basis of the net asset value of that class in relation to the net asset of the Series. Notwithstanding the foregoing, the distributor or advisor of a Series may waive or reimburse the expenses of a specific class or classes to the extent permitted under Rule 18f-3 under the Act. In light of the foregoing, the Trust and the Adviser agree that the Adviser’s payment of Fund/Class expenses under this Agreement shall be monitored to assure compliance with Rule 18f-3 limitations. The Adviser is entitled to reimbursement from a Fund of any expenses waived pursuant to this amendment if such reimbursement does not cause the Fund to exceed existing expense limitations and the reimbursement is made within three years after the expenses were reimbursed or absorbed. All other terms of the Agreement shall remain in full force and effect. This Amendment is effective as of the date set forth above and has been duly authorized by an officer of each party. Schedule A Class A Class C Class S ICON Fund 1.50 %(1) 2.25 %(1) 1.25 %(1) ICON Flexible Bond Fund 1.00 %(1) 1.60 %(2) 0.75 %(2) ICON Risk-Managed Balanced Fund 1.45 %(2) 2.20 %(2) 1.20 %(2) CON ICON Equity Income Fund 1.45 1.24 %(21)(2) 2.20 1.99 %(21)(2) 1.20 0.99 %(21)(2) ICON Long/Short Fund 1.55 %(2) 2.30 %(2) 1.25 %(2) ICON International Equity Fund 1.80 %(2) 2.55 %(2) 1.55 %(2) ICON Europe Fund 1.80 %(2) 2.55 %(2) N/A ICON Emerging Markets Fund 1.80 %(2) 2.55 %(2) 1.55 %(1) ICON Consumer Discretionary Fund 1.99 %(1) 2.74 %(1) N/A 1.74 %(1) ICON Energy Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Financial Fund 1.75 %(1) 2.50 %(1) N/A 1.50 %(1) ICON Healthcare Fund 1.75 %(1) 2.50 %(1) N/A 1.50 %(1) ICON Industrials Fund 1.75 %(1) 2.50 %(1) N/A 1.50 %(1) ICON Information Technology Fund 1.75 %(1) 2.50 %(1) N/A 1.50 %(1) ICON Consumer Staples Fund 1.75 %(1) 2.50 %(1) N/A 1.50 %(1) ICON Materials Natural Resources Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Utilities Fund 1.75 1.47 %(1) 2.50 %(1) 1.50 N/A 1.22 %(1) ICON Opportunities Fund(3) 1.50 Fund 1.30 %(31)

Other Allocations. All other expenses of a Series shall be allocated to each class on the basis of the net asset value of that class in relation to the net asset of the Series. Notwithstanding the foregoing, the distributor or advisor of a Series may waive or reimburse the expenses of a specific class or classes to the extent permitted under Rule 18f-3 under the Act. In light of the foregoing, the Trust and the Adviser agree that the Adviser’s payment of Fund/Class expenses under this Agreement shall be monitored to assure compliance with Rule 18f-3 limitations. The Adviser is entitled to reimbursement from a Fund of any expenses waived pursuant to this amendment if such reimbursement does not cause the Fund to exceed existing expense limitations and the reimbursement is made within three years after the expenses were reimbursed or absorbed. All other terms of the Agreement shall remain in full force and effect. This Amendment is effective as of the date set forth above and has been duly authorized by an officer of each party. Schedule A Class A Class C Class S ICON Fund 1.50 %% (1) 2.25 %% (1) 1.25 %% (1) ICON Bond Fund 1.00 %% (1) 1.60 %% (2) 0.75 %% (2) ICON Risk-Managed Balanced Fund 1.45 %% (2) 2.20 %% (2) 1.20 %% (2) CON Equity Income Fund 1.45 %% (2) 2.20 %% (2) 1.20 %% (2) ICON Long/Short Fund 1.55 %% (2) 2.30 %% (2) 1.25 %% (2) ICON International Equity Fund 1.80 %% (2) 2.55 %% (2) 1.55 %% (2) ICON Europe Fund 1.80 %(2) 2.55 %(2) N/A ICON Emerging Markets Fund 1.80 %% (2) 2.55 %% (2) 1.55 %% (1) ICON Consumer Discretionary Fund 1.99 %% (1) 2.74 %% (1) 1.74 %% (1) ICON Energy Fund 1.75 %% (1) 2.50 %% (1) 1.50 %% (1) ICON Financial Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Healthcare Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Industrials Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Information Technology Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Consumer Staples Fund 1.75 %% (1) 2.50 %(1) N/A 1.50 %% (1) ICON Materials Fund 1.75 %% (1) 2.50 %% (1) 1.50 %% (1) ICON Utilities Fund 1.75 %% (1) 2.50 %N/A 1.50 % (1) 1.50 %ICON High Yield Bond Fund(3) 0.80 % (13) ICON Opportunities Fund(3) 1.50 %% (34)

Other Allocations. All other expenses of a Series shall be allocated to each class on the basis of the net asset value of that class in relation to the net asset of the Series. Notwithstanding the foregoing, the distributor or advisor of a Series may waive or reimburse the expenses of a specific class or classes to the extent permitted under Rule 18f-3 under the Act. In light of the foregoing, the Trust and the Adviser agree that the Adviser’s payment of Fund/Class expenses under this Agreement shall be monitored to assure compliance with Rule 18f-3 limitations. ​ The Adviser is entitled to reimbursement from a Fund of any expenses waived pursuant to this amendment if such reimbursement does not cause the Fund to exceed existing expense limitations and the reimbursement is made within three years after the expenses were reimbursed or absorbed. All other terms of the Agreement shall remain in full force and effect. This Amendment is effective as of the date set forth above and has been duly authorized by an officer of each party. Schedule A Class A Class C Class S ICON Fund 1.50 %1.50% (1) 2.25 %2.25% (1) 1.25 %1.25% (1) ICON Flexible Bond Fund 1.00 %1.00% (1) 1.60 %1.60% (21) 0.75 %0.75% (21) ICON Risk-Managed Balanced Fund 1.45 %1.45% (21) 2.20 %2.20% (21) 1.20 %1.20% (21) CON Equity Income Fund 1.45 %1.24% (21) 2.20 %1.99% (21) 1.20 %0.99% (21) ICON Long/Short Fund 1.55 %1.55% (21) 2.30 %2.30% (21) 1.25 %1.25% (21) ICON International Equity Fund 1.80 %1.80% (21) 2.55 %2.55% (21) 1.55 %1.55% (21) ICON Europe Fund 1.80 %(2) 2.55 %(2) N/A ICON Emerging Markets Fund 1.80 %1.80% (21) 2.55 %2.55% (21) 1.55 %1.55% (1) ICON Consumer Discretionary Fund 1.99 %1.99% (1) 2.74 %(1) 1.74 %N/A 1.74% (1) ICON Energy Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Financial Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Healthcare Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Industrials Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Information Technology Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Consumer Staples Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Materials Natural Resources Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Utilities Fund 1.75 %1.47% (1) 2.50 %(1) 1.50 %N/A 1.22% (1) ICON Opportunities Fund(3) 1.50 %Fund* 1.30% (31)

Other Allocations. All other expenses of a Series shall be allocated to each class on the basis of the net asset value of that class in relation to the net asset of the Series. Notwithstanding the foregoing, the distributor or advisor of a Series may waive or reimburse the expenses of a specific class or classes to the extent permitted under Rule 18f-3 under the Act. In light of the foregoing, the Trust and the Adviser agree that the Adviser’s payment of Fund/Class expenses under this Agreement shall be monitored to assure compliance with Rule 18f-3 limitations. The Adviser is entitled to reimbursement from a Fund of any expenses waived pursuant to this amendment if such reimbursement does not cause the Fund to exceed existing expense limitations and the reimbursement is made within three years after the expenses were reimbursed or absorbed. All other terms of the Agreement shall remain in full force and effect. This Amendment is effective as of the date set forth above and has been duly authorized by an officer of each party. Schedule A Class A Class C Class S ICON Fund 1.50 %(1) 2.25 %(1) 1.25 %(1) ICON Bond Fund 1.00 %(1) 1.60 %(2) 0.75 %(2) ICON Risk-Managed Balanced Fund 1.45 %(2) 2.20 %(2) 1.20 %(2) CON Equity Income Fund 1.45 %(2) 2.20 %(2) 1.20 %(2) ICON Long/Short Fund 1.55 %(2) 2.30 %(2) 1.25 %(2) ICON International Equity Fund 1.80 %(2) 2.55 %(2) 1.55 %(2) ICON Europe Fund 1.80 %(2) 2.55 %(2) N/A ICON Emerging Markets Fund 1.80 %(2) 2.55 %(2) 1.55 %(1) ICON Consumer Discretionary Fund 1.99 %(1) 2.74 %(1) 1.74 %(1) ICON Energy Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Financial Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Healthcare Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Industrials Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Information Technology Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Consumer Staples Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Materials Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Utilities Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON High Yield Bond Fund(3) 0.80 %(3) ICON Opportunities Fund(3) 1.50 %(34)

Other Allocations. All other expenses of a Series shall be allocated to each class on the basis of the net asset value of that class in relation to the net asset of the Series. Notwithstanding the foregoing, the distributor or advisor of a Series may waive or reimburse the expenses of a specific class or classes to the extent permitted under Rule 18f-3 under the Act. In light of the foregoing, the Trust and the Adviser agree that the Adviser’s payment of Fund/Class expenses under this Agreement shall be monitored to assure compliance with Rule 18f-3 limitations. The Adviser is entitled to reimbursement from a Fund of any expenses waived pursuant to this amendment if such reimbursement does not cause the Fund to exceed existing expense limitations and the reimbursement is made within three years after the expenses were reimbursed or absorbed. All other terms of the Agreement shall remain in full force and effect. This Amendment is effective as of the date set forth above and has been duly authorized by an officer of each party. Schedule A Class A Class C Class S ICON Fund 1.50 %1.50% (1) 2.25 %2.25% (1) 1.25 %1.25% (1) ICON Bond Fund 1.00 %1.00% (1) 1.60 %1.60% (2) 0.75 %0.75% (2) ICON Risk-Managed Balanced Fund 1.45 %1.45% (2) 2.20 %2.20% (2) 1.20 %1.20% (2) CON Equity Income Fund 1.45 %1.24% (2) 2.20 %1.99% (2) 1.20 %0.99% (2) ICON Long/Short Fund 1.55 %1.55% (2) 2.30 %2.30% (2) 1.25 %1.25% (2) ICON International Equity Fund 1.80 %1.80% (2) 2.55 %2.55% (2) 1.55 %1.55% (2) ICON Europe Emerging Markets Fund 1.80 %1.80% (2) 2.55 %2.55% (2) N/A ICON Emerging Markets Fund 1.80 %(2) 2.55 %(2) 1.55 %1.55% (1) ICON Consumer Discretionary Fund 1.99 %1.99% (1) 2.74 %(1) 1.74 %N/A 1.74% (1) ICON Energy Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Financial Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Healthcare Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Industrials Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Information Technology Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Consumer Staples Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Materials Natural Resources Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Utilities Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Opportunities Fund(3) 1.50 %1.50% (3)

Other Allocations. All other expenses of a Series shall be allocated to each class on the basis of the net asset value of that class in relation to the net asset of the Series. Notwithstanding the foregoing, the distributor or advisor of a Series may waive or reimburse the expenses of a specific class or classes to the extent permitted under Rule 18f-3 under the Act. In light of the foregoing, the Trust and the Adviser agree that the Adviser’s payment of Fund/Class expenses under this Agreement shall be monitored to assure compliance with Rule 18f-3 limitations. The Adviser is entitled to reimbursement from a Fund of any expenses waived pursuant to this amendment if such reimbursement does not cause the Fund to exceed existing expense limitations and the reimbursement is made within three years after the expenses were reimbursed or absorbed. All other terms of the Agreement shall remain in full force and effect. This Amendment is effective as of the date set forth above and has been duly authorized by an officer of each party. Schedule A Class A Class C Class S ICON Fund 1.50 %% (1) 2.25 %% (1) 1.25 %% (1) ICON Bond Fund 1.00 %% (1) 1.60 %% (2) 0.75 %% (2) ICON Risk-Managed Balanced Fund 1.45 %% (2) 2.20 %% (2) 1.20 %% (2) CON Equity Income Fund 1.45 %% (2) 2.20 %% (2) 1.20 %% (2) ICON Long/Short Fund 1.55 %% (2) 2.30 %% (2) 1.25 %% (2) ICON International Equity Fund 1.80 %% (2) 2.55 %% (2) 1.55 %% (2) ICON Europe Fund 1.80 %% (2) 2.55 %% (2) N/A ICON Emerging Markets Asia-Pacific Region Fund 1.80 %% (2) 2.55 %% (2) 1.55 %(1) N/A ICON Consumer Discretionary Fund 1.99 %% (1) 2.74 %% (1) 1.74 %% (1) ICON Energy Fund 1.75 %% (1) 2.50 %% (1) 1.50 %% (1) ICON Financial Fund 1.75 %% (1) 2.50 %% (1) 1.50 %% (1) ICON Healthcare Fund 1.75 %% (1) 2.50 %% (1) 1.50 %% (1) ICON Industrials Fund 1.75 %% (1) 2.50 %% (1) 1.50 %% (1) ICON Information Technology Fund 1.75 %% (1) 2.50 %% (1) 1.50 %% (1) ICON Consumer Staples Fund 1.75 %% (1) 2.50 %% (1) 1.50 %% (1) ICON Materials Fund 1.75 %% (1) 2.50 %% (1) 1.50 %% (1) ICON Utilities Fund 1.75 %% (1) 2.50 %% (1) 1.50 %% (1) ICON Opportunities Fund(3) 1.50 %1.50% (3)

Other Allocations. All other expenses of a Series shall be allocated to each class on the basis of the net asset value of that class in relation to the net asset of the Series. Notwithstanding the foregoing, the distributor or advisor of a Series may waive or reimburse the expenses of a specific class or classes to the extent permitted under Rule 18f-3 under the Act. In light of the foregoing, the Trust and the Adviser agree that the Adviser’s payment of Fund/Class expenses under this Agreement shall be monitored to assure compliance with Rule 18f-3 limitations. The Adviser is entitled to reimbursement from a Fund of any expenses waived pursuant to this amendment if such reimbursement does not cause the Fund to exceed existing expense limitations and the reimbursement is made within three years after the expenses were reimbursed or absorbed. All other terms of the Agreement shall remain in full force and effect. This Amendment is effective as of the date set forth above and has been duly authorized by an officer of each party. Schedule A Class A Class C Class S ICON Fund 1.50 %1.50% (1) 2.25 %2.25% (1) 1.25 %1.25% (1) ICON Bond Fund 1.00 %1.00% (1) 1.60 %1.60% (2) 0.75 %0.75% (2) ICON Risk-Managed Balanced Fund 1.45 %1.45% (2) 2.20 %2.20% (2) 1.20 %1.20% (2) CON Equity Income Fund 1.45 %1.24% (24) 2.20 %1.99% (24) 1.20 %0.99% (24) ICON Long/Short Fund 1.55 %1.55% (2) 2.30 %2.30% (2) 1.25 %1.25% (2) ICON International Equity Fund 1.80 %1.80% (2) 2.55 %2.55% (2) 1.55 %1.55% (2) ICON Europe Emerging Markets Fund 1.80 %(2) 2.55 %1.80% (2) N/A ICON Emerging Markets Fund 1.80 %(2) 2.55 %(2) 1.55 %1.55% (1) ICON Consumer Discretionary Fund 1.99 %1.99% (1) 2.74 %(1) 1.74 %N/A 1.74% (1) ICON Energy Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Financial Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Healthcare Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Industrials Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Information Technology Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Consumer Staples Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Materials Natural Resources Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Utilities Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Opportunities Fund(3Fund (3) 1.50 %1.50% (3)

Other Allocations. All other expenses of a Series shall be allocated to each class on the basis of the net asset value of that class in relation to the net asset of the Series. Notwithstanding the foregoing, the distributor or advisor of a Series may waive or reimburse the expenses of a specific class or classes to the extent permitted under Rule 18f-3 under the Act. In light of the foregoing, the Trust and the Adviser agree that the Adviser’s payment of Fund/Class expenses under this Agreement shall be monitored to assure compliance with Rule 18f-3 limitations. The Adviser is entitled to reimbursement from a Fund of any expenses waived pursuant to this amendment if such reimbursement does not cause the Fund to exceed existing expense limitations and the reimbursement is made within three years after the expenses were reimbursed or absorbed. All other terms of the Agreement shall remain in full force and effect. This Amendment is effective as of the date set forth above and has been duly authorized by an officer of each party. Schedule A Class A Class C Class S ICON Fund 1.50 %1.50% (1) 2.25 %2.25% (1) 1.25 %1.25% (1) ICON Flexible Bond Fund 1.00 %1.00% (1) 1.60 %1.60% (2) 0.75 %0.75% (2) ICON Risk-Managed Balanced Fund 1.45 %1.45% (2) 2.20 %2.20% (2) 1.20 %1.20% (2) CON Equity Income Fund 1.45 %1.24% (21)(2) 2.20 %1.99% (21)(2) 1.20 %0.99% (21)(2) ICON Long/Short Fund 1.55 %1.55% (2) 2.30 %2.30% (2) 1.25 %1.25% (2) ICON International Equity Fund 1.80 %1.80% (2) 2.55 %2.55% (2) 1.55 %1.55% (2) ICON Europe Emerging Markets Fund 1.80 %1.80% (2) 2.55 %2.55% (2) N/A ICON Emerging Markets Fund 1.80 %(2) 2.55 %(2) 1.55 %1.55% (1) ICON Consumer Discretionary Fund 1.99 %1.99% (1) 2.74 %(1) 1.74 %N/A 1.74% (1) ICON Energy Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Financial Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Healthcare Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Industrials Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Information Technology Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Consumer Staples Fund 1.75 %1.75% (1) 2.50 %(1) 1.50 %N/A 1.50% (1) ICON Materials Natural Resources Fund 1.75 %1.75% (1) 2.50 %2.50% (1) 1.50 %1.50% (1) ICON Utilities Fund 1.75 %1.47% (1) 2.50 %(1) 1.50 %N/A 1.22% (1) ICON Opportunities Fund(3) 1.50 %1.30% (31)

Other Allocations. All other expenses of a Series shall be allocated to each class on the basis of the net asset value of that class in relation to the net asset of the Series. Notwithstanding the foregoing, the distributor or advisor of a Series may waive or reimburse the expenses of a specific class or classes to the extent permitted under Rule 18f-3 under the Act. In light of the foregoing, the Trust and the Adviser agree that the Adviser’s payment of Fund/Class expenses under this Agreement shall be monitored to assure compliance with Rule 18f-3 limitations. The Adviser is entitled to reimbursement from a Fund of any expenses waived pursuant to this amendment if such reimbursement does not cause the Fund to exceed existing expense limitations and the reimbursement is made within three years after the expenses were reimbursed or absorbed. All other terms of the Agreement shall remain in full force and effect. This Amendment is effective as of the date set forth above and has been duly authorized by an officer of each party. Schedule A Class A Class C Class S ICON Fund 1.50 %(1) 2.25 %(1) 1.25 %(1) ICON Bond Fund 1.00 %(1) 1.60 %(2) 0.75 %(2) ICON Risk-Managed Balanced Equity Fund 1.45 %(2) 2.20 %(2) 1.20 %(2) CON Equity Income Fund 1.45 %(2) 2.20 %(2) 1.20 %(2) ICON Long/Short Fund 1.55 %(2) 2.30 %(2) 1.25 %(2) ICON International Equity Fund 1.80 %(2) 2.55 %(2) 1.55 %(2) ICON Europe Fund 1.80 %(2) 2.55 %(2) N/A ICON Emerging Markets Asia-Pacific Region Fund 1.80 %(2) 2.55 %(2) 1.55 %(1) N/A ICON Consumer Discretionary Fund 1.99 %(1) 2.74 %(1) 1.74 %(1) ICON Energy Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Financial Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Healthcare Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Industrials Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Information Technology Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Consumer Staples Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Materials Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Utilities Fund 1.75 %(1) 2.50 %(1) 1.50 %(1) ICON Opportunities Fund(3) 1.50 %(3)