Common use of VIRTUS ALTERNATIVE SOLUTIONS TRUST Clause in Contracts

VIRTUS ALTERNATIVE SOLUTIONS TRUST. Virtus Alternative Income Solution Fund Virtus Alternative Total Solution Fund VATS Offshore Fund, LTD. 1 Virtus Alternative Inflation Solution Fund Virtus Credit Opportunities Fund 2 Virtus Multi-Strategy Target Return Fund 2 Virtus Strategic Income Fund 1 Fees will be included with those fees charged to the Portfolio that holds the Cayman subsidiary. 2 Service commencement effective upon launch or mutual agreement of the parties.

VIRTUS ALTERNATIVE SOLUTIONS TRUST. Virtus Alternative Income Solution Fund Virtus Alternative Total Solution Fund VATS Offshore Fund, LTD. 1 (effective as of March 17, 2014) Virtus Alternative Inflation Solution Fund Virtus Credit Opportunities Fund 2 Virtus Multi-Strategy Target Return Fund 2 Virtus Strategic Income Fund 1 Fees will be included with those fees charged to the Portfolio that holds the Cayman subsidiary. 2 Service commencement effective upon launch or mutual agreement of the parties.

VIRTUS ALTERNATIVE SOLUTIONS TRUST. Virtus Alternative Income Solution Fund Virtus Alternative Total Solution Fund VATS Offshore Fund, LTD. 1 2 Virtus Alternative Inflation Solution Fund Virtus Credit Opportunities Fund _________________________ 1 Expected launch date for commencement of services on or about January 6, 2016. 2 Virtus Multi-Strategy Target Return Fund 2 Virtus Strategic Income Fund 1 Fees will be included with those fees charged to the Portfolio that holds the Cayman subsidiary. 2 Service commencement effective upon launch or mutual agreement of the parties.EXECUTION VERSION Virtus Credit Opportunities Fund Virtus Select MLP and Energy Fund Virtus Multi-Strategy Target Return Fund Virtus Strategic Income Fund

VIRTUS ALTERNATIVE SOLUTIONS TRUST. Virtus Alternative Income Solution Fund Virtus Alternative Total Solution Fund VATS Offshore Fund, LTD. 1 [1] (effective as of March 17, 2014) Virtus Alternative Inflation Solution Fund Virtus Credit Opportunities Fund 2 Virtus Multi-Strategy Target Return Fund 2 Virtus Strategic Income Fund 1 Fees will be included with those fees charged to the Portfolio that holds the Cayman subsidiary. 2 Service commencement effective upon launch or mutual agreement of the parties.