Common use of PERIODIC ACTIVITIES Clause in Contracts

PERIODIC ACTIVITIES. Cause to be mailed reports, Prospectuses, and any other enclosures requested by the Fund (Material must be adaptable to mechanical equipment of Transfer Agent or its agents.) SCHEDULE A* FEE SCHEDULE TRANSFER AGENT CHARGES ND RESOURCES, INC. PERCENTAGE FUND SIZE (NET ASSET VALUE) OF 1% $ 0 TO $10,000,000 .16 10,000,001 TO 25,000,000 .13 25,000,001 TO 40,000,000 .11 40,000,001 TO 50,000,000 .10 50,000,001 AND LARGER .09 *Amounts due under the above Fee Schedule are payable monthly and shall be calculated as follows: The net asset value of all outstanding Fund shares within each category (e.g., $0 to $10,000,000 is one category, $10,000,001 to $25,000,000 is another, etc.) shall be multiplied by the percentage of 1% applicable to such category and the product thereof divided by 12. The same procedure shall be followed for each category in which the Fund has net asset values. The amounts derived by multiplying the net asset value of each category by the applicable percentages shall then be added together to determine the amount payable for that month. By way of example only, if the Fund had net assets of $10,500,000 for the month in question, the computation would be as follows: $10,000,000 x .0016 / 12= $1,333.33 500,000 x .0013 / 12 = 54.17 --------- $1,387.50

PERIODIC ACTIVITIES. Cause to be mailed reports, Prospectuses, and any other enclosures requested by the Fund Fund. (Material must be adaptable to mechanical equipment of Transfer Agent or its agents.) SCHEDULE A* FEE SCHEDULE TRANSFER AGENT CHARGES ND RESOURCES, INC. PERCENTAGE FUND SIZE (NET ASSET VALUE) OF 1% $ 0 TO $10,000,000 .16 10,000,001 TO 25,000,000 .13 25,000,001 TO 40,000,000 .11 40,000,001 TO 50,000,000 .10 50,000,001 AND LARGER .09 *Amounts due under the above Fee Schedule are payable monthly and shall be calculated as follows: The net asset value of all outstanding Fund shares within each category (e.g.e. g., $0 to $10,000,000 is one category, $10,000,001 to $25,000,000 is another, etc.) shall be multiplied by the percentage of 1% applicable to such category and the product thereof divided by 12. The same procedure shall be followed for each category in which the Fund has net asset values. The amounts derived by multiplying the net asset value of each category by the applicable percentages shall then be added together to determine the amount payable for that month. By way of example only, if the Fund had net assets of $10,500,000 for the month in question, the computation would be as follows: $10,000,000 x .0016 / 12= $1,333.33 500,000 x .0013 / 12 = 12= 54.17 --------- $1,387.50

PERIODIC ACTIVITIES. Cause to be mailed reports, Prospectuses, and any other enclosures requested by the Fund Fund. (Material must be adaptable to mechanical equipment of Transfer Agent or its agents.) SCHEDULE A* FEE SCHEDULE TRANSFER AGENT CHARGES ND RESOURCES, INC. PERCENTAGE FUND SIZE (NET ASSET VALUE) VALUE OF 1% $ 0 TO $10,000,000 .16 10,000,001 TO 25,000,000 .13 25,000,001 TO 40,000,000 .11 40,000,001 TO 50,000,000 .10 50,000,001 AND LARGER .09 *Amounts due under the above Fee Schedule are payable monthly and shall be calculated as follows: The net asset value of all outstanding Fund shares within each category (e.g.e. g., $0 to $10,000,000 is one category, $10,000,001 to $25,000,000 is another, etc.) shall be multiplied by the percentage of 1% applicable to such category and the product thereof divided by 12. The same procedure shall be followed for each category in which the Fund has net asset values. The amounts derived by multiplying the net asset value of each category by the applicable percentages shall then be added together to determine the amount payable for that month. By way of example only, if the Fund had net assets of $10,500,000 for the month in question, the computation would be as follows: $10,000,000 x .0016 / 12= $1,333.33 500,000 x .0013 / 12 = 12= 54.17 --------- $1,387.50