Common use of Use of the Names of the Fund Clause in Contracts

Use of the Names of the Fund. The Advisor has consented to the use by the Fund of the name or identifying word “[AXS]” in the name of the Fund. Such consent is expressly conditioned upon the employment of the Advisor or its successor, subsidiary, parent or affiliate under common control, as the investment advisor to the Fund. As between the Advisor and the Fund, the Advisor is the sole and exclusive owner of all right, title and interest in and to “[AXS]”, including all names incorporating “[AXS]” which are used by the Fund and any and all goodwill associated with such use shall inure to the sole benefit of the Advisor. The Fund shall use “[AXS]” solely in the form stipulated by the Advisor and shall observe such standards as the Advisor from time to time prescribes. The Advisor shall have the right to inspect any designation, document or other media bearing “[AXS]” including any promotional material. Notwithstanding anything herein to the contrary, the Advisor or any of its affiliates may from time to time use, or consent to others using, the identifying word “[AXS]” in any name or for any other purpose, including without limitation in the names of other investment companies, corporations or businesses that it may manage, advise, sponsor or own or in which it may have a financial interest. The Fund acknowledges and agrees that the Advisor may require the Fund to cease using the name or identifying word “[AXS]” in the name of the Fund and in connection with the Fund’s operations if the Fund ceases to employ the Advisor, or its successor, subsidiary, parent or affiliate under common control, as investment advisor to the Fund.

Use of the Names of the Fund. The Advisor has consented to the use by the Fund of the name or identifying word “[AXS]SilverPepper” in the name of the Fund. Such consent is expressly conditioned upon the employment of the Advisor or its successor, subsidiary, parent or affiliate under common control, as the investment advisor to the Fund. As between the Advisor and the Fund, the Advisor is the sole and exclusive owner of all right, title and interest in and to “[AXS]SilverPepper”, including all names incorporating “[AXS]SilverPepper” which are used by the Fund and any and all goodwill associated with such use shall inure to the sole benefit of the Advisor. The Fund shall use “[AXS]SilverPepper” solely in the form stipulated by the Advisor and shall observe such standards as the Advisor from time to time prescribes. The Advisor shall have the right to inspect any designation, document or other media bearing “[AXS]SilverPepper” including any promotional material. Notwithstanding anything herein to the contrary, the Advisor or any of its affiliates may from time to time use, or consent to others using, the identifying word “[AXS]SilverPepper” in any name or for any other purpose, including without limitation in the names of other investment companies, corporations or businesses that it may manage, advise, sponsor or own or in which it may have a financial interest. The Fund acknowledges and agrees that the Advisor may require the Fund to cease using the name or identifying word “[AXS]SilverPepper” in the name of the Fund and in connection with the Fund’s operations if the Fund ceases to employ the Advisor, or its successor, subsidiary, parent or affiliate under common control, as investment advisor to the Fund.

Use of the Names of the Fund. The Advisor has consented to the use by the each Fund of the name or identifying word “[AXS]Ramius” in the name of the Fund. Such consent is expressly conditioned upon the Trust’s employment of the Advisor or its successor, subsidiary, parent or affiliate under common control, as the investment advisor to the Fund. As between the Advisor and the FundTrust, the Advisor is the sole and exclusive owner of all right, title and interest in and to “[AXS]Ramius”, including all names incorporating “[AXS]Ramius” which are used by the Fund Trust and any and all goodwill associated with such use shall inure to the sole benefit of the Advisor. The Fund Trust shall use “[AXS]Ramius” solely in the form stipulated by the Advisor and shall observe such standards as the Advisor from time to time prescribes. The Advisor shall have the right to inspect any designation, document or other media bearing “[AXS]Ramius” including any promotional material. Notwithstanding anything herein to the contrary, the Advisor or any of its affiliates may from time to time use, or consent to others using, the identifying word “[AXS]Ramius” in any name or for any other purpose, including without limitation in the names of other investment companies, corporations or businesses that it may manage, advise, sponsor or own or in which it may have a financial interest. The Fund Trust acknowledges and agrees that the The Advisor may require the Trust and the Fund to cease using the name or identifying word “[AXS]Ramius” in the name of the Fund and in connection with the Fund’s operations if the Fund Trust ceases to employ the Advisor, or its successor, subsidiary, parent or affiliate under common control, as investment advisor to the Fund.