Common use of Share Classes Clause in Contracts

Share Classes. ONE TWO THREE ------------------------------------------------------ $30,000 $36,000 $42,000 ------------------------------------------------------ Plus an asset based fee of: ----------------------------------------------------------------------- AVERAGE DAILY NET ASSETS ASSET BASED FEE ----------------------------------------------------------------------- $0 to $500 million .010% ----------------------------------------------------------------------- In excess of $500 million .005% ----------------------------------------------------------------------- PERFORMANCE REPORTING: For Performance Reporting (including After-Tax Performance Reporting), Ultimus charges each Portfolio a fee of $200 per month.

Share Classes. ONE TWO THREE ------------------------------------------------------ $30,000 $36,000 $42,000 ------------------------------------------------------ Plus an asset based fee of: ----------------------------------------------------------------------- -------------------------------------------------------------------------- AVERAGE DAILY NET ASSETS ASSET BASED FEE ----------------------------------------------------------------------- -------------------------------------------------------------------------- $0 to $500 million .010% ----------------------------------------------------------------------- -------------------------------------------------------------------------- In excess of $500 million .005% ----------------------------------------------------------------------- -------------------------------------------------------------------------- PERFORMANCE REPORTING: For Performance Reporting (including After-Tax Performance Reporting), Ultimus charges each Portfolio a fee of $200 per month.

Share Classes. ONE TWO THREE ------------------------------------------------------ --------------------------------------------- $30,000 $36,000 $42,000 ------------------------------------------------------ --------------------------------------------- Plus an asset based fee of: ----------------------------------------------------------------------- ------------------------------------------------------------ AVERAGE DAILY NET ASSETS ASSET BASED FEE ----------------------------------------------------------------------- ------------------------------------------------------------ $0 to $500 million .010% ----------------------------------------------------------------------- ------------------------------------------------------------ In excess of $500 million .005% ----------------------------------------------------------------------- ------------------------------------------------------------ PERFORMANCE REPORTING: For Performance Reporting (including After-Tax Performance Reporting), Ultimus charges each Portfolio a fee of $200 per month.