Common use of Variable Remuneration Clause in Contracts

Variable Remuneration. The agreed variable remuneration will be charged per calendar quarter. Remuneration will be due for each calendar month for each Customized Index. This remuneration shall be the product of i. the average assets under management of a financial instrument issued on the basis of the respective Customized Index during the month and ii. the remuneration p.a. shown in the following table in basis points divided by 12. In case a security has not been outstanding over an entire month, the remuneration is reduced respectively. Index Remuneration p.a. Solactive US Buyback Total Market Index If this table does not contain an index no variable remuneration is due. Variable remuneration will be charged to the Licensee as soon as the data has been reported and evaluated. If the regular reporting deadline has expired and the Licensee has not submitted the outstanding report to Solactive by the end of the next reporting deadline following the expired reporting deadline despite having been sent a reminder, Solactive may make a provisional estimate of the remuneration due at its due discretion using suitable criteria (such as data reported for the previous months) and charge this to the Licensee as an advance on the actual amount due. This shall have no effect on the right to terminate without notice. Solactive shall issue invoices to the Licensee.

Variable Remuneration. The agreed variable remuneration will be charged per calendar quarter. Remuneration will be due for each calendar month for each Customized Index. This remuneration shall be the product of i. the average assets under management of a financial instrument issued on the basis of the respective Customized Index during the month and ii. the remuneration p.a. shown in the following table in basis points divided by 12. In case a security has not been outstanding over an entire month, the remuneration is reduced respectively. Index Remuneration p.a. Solactive US Buyback Total Market Index If this table does not contain an index no variable remuneration is due. Variable remuneration will be charged to the Licensee as soon as the data has been reported and evaluated. If the regular reporting deadline has expired and the Licensee has not submitted the outstanding report to Solactive by the end of the next reporting deadline following the expired reporting deadline despite having been sent a reminder, Solactive may make a provisional estimate of the remuneration due at its due discretion using suitable criteria (such as data reported for the previous months) and charge this to the Licensee as an advance on the actual amount due. This shall have no effect on the right to terminate without notice. Solactive shall issue invoices to the Licensee.