Common use of Fees Payable to the Manager Clause in Contracts

Fees Payable to the Manager. UTC agrees to pay the following fees to the Manager (the “Manager’s Fees”): (a) a base fee of $400,000 per annum, payable for the duration of the Agreement in equal quarterly installments on the first day of each financial quarter of Uranium Trading Corp; (b) a variable fee equal to 0.3% per annum of UTC’s total assets in excess of $100 million as at the month-end Valuation Date (defined as the last business day of each month in which UTC determines the NAV). For such purposes, “total assets” shall mean the total assets of UTC as at the Valuation Date, which shall be calculated by multiplying the quantity of U3O8 and UF6 ,or EUP as applicable, held by or for UTC by the last spot price for U3O8 or UF6,or EUP as applicable, respectively for the month published by Ux Consulting Corporation, LLC plus cash, and any other assets held by UTC, less any outstanding payables, indebtedness and all other liabilities of UTC. The variable fee payable under this section 4(b) shall be paid within five (5) business days after the calculation of the NAV pursuant to Section 12(a) of this Agreement. Further, the Board shall have the express authority to engage a third party for the purpose of conducting an independent evaluation or audit of the assets of UTC, at the cost of UTC; and (c) an incentive fee equal to 20% of UTC’s “Gross Trading Profits.” For the purposes of this Agreement, “Gross Trading Profits” means the gross trading profit reflected on UTC’s quarterly income statement, payable within five (5) business days following the filing of UTC’s financial statements with the Securities and Exchange Commission. In the event that Gross Trading Profits during any quarterly period are less than zero, no incentive fee under this Section 4(c) shall be paid until the aggregate of deficit Gross Trading Profits during all prior quarterly reporting periods has been recouped by UTC.

Fees Payable to the Manager. UTC agrees to pay the following fees to the Manager (the “Manager’s Fees”): (a) a base fee of $400,000 per annum, payable for the duration of the Agreement in equal quarterly installments on the first day of each financial quarter of Uranium Trading Corp; (b) a variable fee equal to 0.3% per annum of UTC’s total assets in excess of $100 million as at the month-end Valuation Date (defined as the last business day of each month in which UTC determines the NAVmonth). For such purposes, “total assets” shall mean the total assets of UTC as at the Valuation Date, which shall be calculated by multiplying the quantity of U3O8 and UF6 ,or EUP as applicable, held by or for UTC by the last spot price for U3O8 or UF6,or EUP as applicable, respectively for the month published by Ux Consulting Corporation, LLC plus cash, and any other assets held by UTC, less any outstanding payables, indebtedness and all other liabilities of UTC. The variable fee payable under this section 4(b) shall be paid within five (5) business days after the calculation last business day of the NAV pursuant to Section 12(a) of this Agreementmonth. Further, the Board shall have the express authority to engage a third party for the purpose of conducting an independent evaluation or audit of the assets of UTC, at the cost of UTC; and (c) an incentive fee equal to 20% of UTC’s “Gross Trading Profits.” For the purposes of this Agreement, “Gross Trading Profits” means the gross trading profit reflected on UTC’s quarterly income statement, payable within five (5) business days following the filing of UTC’s financial statements with the Securities and Exchange Commission. In the event that Gross Trading Profits during any quarterly period are less than zero, no incentive fee under this Section 4(c) shall be paid until the aggregate of deficit Gross Trading Profits during all prior quarterly reporting periods has been recouped by UTC.