Compensation of the Sponsor. (a) The Sponsor is entitled to receive from the Trust, as an expense of the Trust, the Sponsor’s Fee. The Sponsor’s Fee shall be accrued daily but paid monthly in arrears.
Compensation of the Sponsor. The Sponsor shall be entitled to compensation for its services as Sponsor of the Trust as set forth in the Sponsor Agreement. The Trustee shall have no liability or responsibility for amounts paid to the Sponsor pursuant to this Section 4.04. The Sponsor may, at its sole discretion and from time to time, waive all or a portion of its fee payable under this Section 4.04. The Sponsor is under no obligation to waive its fees hereunder, and any such waiver shall create no obligation to waive fees during any period not covered by the applicable waiver. Any fee waiver by the Sponsor shall not operate to reduce the Sponsor’s obligations hereunder.
Compensation of the Sponsor. 33 Section 7.05. Liability of Sponsor and Indemnification.................................................33
Compensation of the Sponsor. For the services to be rendered and facilities provided by the Sponsor hereunder, the Trust shall pay DSI a fee accrued daily and payable monthly as specified on the Schedule A which is attached hereto and made a part of this Agreement. Such compensation shall be paid to DSI at the end of each month, and calculated by applying a daily rate, based on the annual percentage rates as specified on the attached Schedule A, to the assets. The fee calculation shall be based on the Trust's average daily net assets for the Trust's then-current fiscal year. If DSI serves as the Sponsor for less than the whole of any period specified in this Section 3, the compensation to DSI, as Sponsor, shall be prorated. For purposes of computing the fees payable to the Sponsor hereunder, the value of the Trust's net assets shall be computed in the manner specified in the Trust's then-current prospectus(es) and statement(s) of additional information. The Schedule A attached hereto is hereby added as Schedule A to the Sponsorship Agreement. This letter agreement is a contract under seal and shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts. This letter agreement may be executed in any number of counterparts, each of which shall be an original and all of which, when taken together, shall constitute one and the same instrument. In proving this letter agreement it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom enforcement is sought. Sincerely, DOMINI SOCIAL INVESTMENTS LLC By: /s/ Xxx X. Xxxxxx --------------------------------- Title: Manager Accepted and Agreed: DOMINI SOCIAL INVESTMENT TRUST (FORMERLY KNOWN AS DOMINI SOCIAL EQUITY FUND) By: /s/ Xxxxxx X. Xxxxxx ------------------------------ Title: Treasurer SCHEDULE A ---------- Pursuant to Section 3, Domini Social Investment Trust, on behalf of the Domini Social Equity Fund and each other series of the Trust for which this Agreement is approved, shall pay the Sponsor compensation at the following annual rates:
Compensation of the Sponsor. Subject to the provisions of Section 10.06 hereof, as compensation for performing services under this Agreement and services provided in connection with the maintenance of a web site for the Trust, including licensing costs, and with the marketing of streetTRACKS(R) Gold Shares, the Sponsor shall receive a fee, payable monthly in arrears, in an amount per annum equal to 0.15% of the daily Adjusted Net Asset Value of the Trust. The Sponsor shall also receive reimbursement for any and all disbursements and expenses incurred hereunder. Within 30 Business Days following the end of each calendar year, the Sponsor shall certify to the Trustee the amount of its actual expenses during the preceding calendar year and shall reimburse the Trust any amounts received in excess of the expenses so certified. The Trustee shall have no liability or responsibility for amounts paid to the Sponsor pursuant to this Section.
Compensation of the Sponsor. For the services to be rendered and facilities to be provided by the Sponsor hereunder, the Trust shall pay DSI a fee accrued daily and payable monthly at an annual rate equal to 0.50% of the Trust's average daily net assets for the Trust's then current fiscal year; provided, however, for a period of one year from the date of this Agreement, the fee payable to DSI shall be the lesser of (i) 0.50% of the Trust's average daily net assets for the Trust's then-current fiscal year and (ii) the percentage obtained by deducting from 0.98%, the Trust's annual operating expenses, including the Trust's allocable share of the operating expenses of the Domini Social Index Portfolio but excluding amounts payable under this Agreement and brokerage fees and commissions, interest, taxes and any other extraordinary expenses of the Trust, expressed as a percentage of the Trust's average daily net assets. If DSI serves as the Sponsor for less than the whole of any period specified in this Section 3, the compensation to DSI, as Sponsor, shall be prorated. For purposes of computing the fees payable to the Sponsor hereunder, the value of the Trust's net assets shall be computed in the manner specified in the Trust's then-current prospectus and statement of additional information.
Compensation of the Sponsor. As compensation for performing services under this Agreement and services provided in connection with facilitation of the creation of Creation Baskets and redemption of Redemption Baskets and the maintenance of a market in Equity Gold Shares, including costs related to maintaining a web site for the Trust and licensing costs, the Sponsor shall receive a fee, payable monthly in arrears, in an amount per annum equal to .05% of the daily Adjusted Net Asset Value of the Trust, provided that the amount received by the Sponsor shall not exceed the Sponsor's actual expenses, without profit, actually paid by the Sponsor attributable to providing such services during such year, increased by the cost of services provided directly by the Sponsor as determined in accordance with generally accepted accounting principles consistently applied, and provided that no fee shall be payable until the later of (i) the 31st day following the commencement of trading of Equity Gold Shares on the Exchange and (ii) such time as the Adjusted Net Asset Value of the Trust first equals or exceeds one billion dollars. The Sponsor shall also receive reimbursement for any and all disbursements and expenses incurred hereunder other than disbursements and expenses of the Sponsor which accrue prior to the 31st day following the commencement of trading of Equity Gold Shares on the Exchange (exclusive of extraordinary expenses). Within 30 Business Days following the end of each calendar year, the Sponsor shall certify to the Trustee the amount of its actual expenses during the preceding calendar year and shall reimburse the Trust any amounts received in excess of the expenses so certified. The Trustee shall have no liability or responsibility for amounts paid to the Sponsor pursuant to this Section.
Compensation of the Sponsor. The Sponsor shall be entitled to compensation for its services as Sponsor of the Trust as set forth herein. The Trust shall pay the Sponsor a unified fee specified in the Registration Statement (the “Sponsor Fee”). The Administrator will make its determination regarding the Sponsor Fee each day by reference to the Trust’s NAV as of that day. The Sponsor Fee will be accrued daily and payable monthly in arrears on, or by, the tenth Business Day of each month in respect of the prior month (or on the date of termination of this Trust Agreement, in respect of the period commencing on the first day of the period beginning after the last period in respect of which the Sponsor Fee was paid and ending on such termination date). The Sponsor Fee will accrue daily in U.S. dollars and be payable monthly in arrears in bitcoin. Each month, the Administrator will calculate the Sponsor Fee for each day of the month, resulting in a cumulative total in U.S. dollars, which the Administrator will then calculate the bitcoin equivalent of by reference to the Index as of the date of calculation, and the Sponsor shall then withdraw the corresponding amount of bitcoin from the Trust’s Bitcoin Account in payment of the Sponsor Fee. The Trustee shall have no liability or responsibility for amounts paid to the Sponsor pursuant to this Section 4.04. The Sponsor may, at its sole discretion and from time to time, waive all or a portion of its fee payable under this Section 4.04. The Sponsor is under no obligation to waive its fees hereunder, and any such waiver shall create no obligation to waive fees during any period not covered by the applicable waiver. Any fee waiver by the Sponsor shall not operate to reduce the Sponsor’s obligations hereunder.
Compensation of the Sponsor. The Sponsor is entitled to receive from the Trust, as an expense of the Trust, the Sponsor’s Fee as set forth in Section 7(b) of the Addendum.
Compensation of the Sponsor. As compensation for performing services under this Declaration of Trust and for the payment by the Sponsor of the fees and expenses identified in Section 3.03, the Sponsor shall receive the fee set forth in the then-current Registration Statement for each Series. Such fees may be changed from time to time at the sole discretion of the Sponsor. The Trustee shall have no liability or responsibility for amounts paid to the Sponsor pursuant to this Section 4.04. The Sponsor may, at its sole discretion and from time to time, waive all or a portion of its fee payable under this Section 4.04. The Sponsor is under no obligation to waive its fees hereunder, and any such waiver shall create no obligation to waive fees during any period not covered by the applicable waiver. Any fee waiver by the Sponsor shall not operate to reduce the Sponsor’s obligations hereunder.
