Common use of PERFORMANCE INCENTIVE ADJUSTMENT Clause in Contracts

PERFORMANCE INCENTIVE ADJUSTMENT. In addition to an asset charge, the fee, as noted in the chart below, shall include a performance incentive adjustment (“PIA”). The performance incentive adjustment shall be based on the Fund’s performance compared to an index of similar funds (the “PIA Index”). Current PIA Index is shown below. This PIA Index may change as set forth below. Columbia 120/20 Contrarian Equity Fund ▇▇▇▇▇▇▇ 3000 Index Equity The performance incentive adjustment is determined by measuring the percentage difference over a rolling 36-month period (subject to earlier determination based on the transition period, as set forth below) between the annualized performance of one Class A share of the Fund and the annualized performance of the PIA Index (“performance difference”). The performance difference will then be used to determine the adjustment rate. The adjustment rate, computed to five decimal places, is determined in accordance with the tables below, and is applied against average daily net assets for the applicable rolling 36-month period or transition period, and divided by 12 to obtain the fee reflecting the performance fee adjustment for that month. 0.00%—1.00% 0 1.00%—6.00% 10 basis points times the performance difference in excess of 1.00%, times 100 (maximum 50 basis points if a 6% performance difference) [10 bp x (PD — 1.00%) x 100] 6.00% or more 50 basis points For example, if the performance difference is 2.38%, the adjustment rate is 0.00138 [the 1.38% performance difference in excess of 1.00%, or 2.38% — 1.00%] x 0.0010 [10 basis points] x 100. Rounded to five decimal places, the adjustment rate is 0.00138. This adjustment rate of 0.00138 is then applied against the average daily net assets for the applicable rolling 36-month or transition period, and divided by 12, which provides the performance adjustment fee for that month. Where the Fund’s Class A performance exceeds that of the PIA Index for the applicable rolling 36-month period or transition period, the fee paid to the Investment Manager will increase by the adjustment rate. Where the performance of the PIA Index exceeds the performance of the Fund’s Class A shares for the applicable rolling 36-month period or transition period, the fee paid to the Investment Manager will decrease by the adjustment rate.

PERFORMANCE INCENTIVE ADJUSTMENT. In addition to an asset charge, the fee, as noted in the chart below, shall include a performance incentive adjustment (“PIA”). The performance incentive adjustment shall be based on the Fund’s performance compared to an index of similar funds (the “PIA Index”). Current PIA Index is shown below. This PIA Index may change as set forth below. Columbia 120/20 Contrarian Equity Fund ▇▇▇▇▇▇▇ 3000 Index Equity The performance incentive adjustment is determined by measuring the percentage difference over a rolling 36-month period (subject to earlier determination based on the transition period, as set forth below) between the annualized performance of one Class A share of the Fund and the annualized performance of the PIA Index (“performance difference”). The performance difference will then be used to determine the adjustment rate. The adjustment rate, computed to five decimal places, is determined in accordance with the tables below, and is applied against average daily net assets for the applicable rolling 36-month period or transition period, and divided by 12 to obtain the fee reflecting the performance fee adjustment for that month. 0.00%—1.000.00%–1.00% 0 1.00%—6.001.00%–6.00% 10 basis points times the performance difference in excess of 1.00%, times 100 (maximum 50 basis points if a 6% performance difference) [10 bp x (PD — – 1.00%) x 100] 6.00% or more 50 basis points For example, if the performance difference is 2.38%, the adjustment rate is 0.00138 [the 1.38% performance difference in excess of 1.00%, or 2.38% — - 1.00%] x 0.0010 [10 basis points] x 100. Rounded to five decimal places, the adjustment rate is 0.00138. This adjustment rate of 0.00138 is then applied against the average daily net assets for the applicable rolling 36-month or transition period, and divided by 12, which provides the performance adjustment fee for that month. Where the Fund’s Class A performance exceeds that of the PIA Index for the applicable rolling 36-month period or transition period, the fee paid to the Investment Manager will increase by the adjustment rate. Where the performance of the PIA Index exceeds the performance of the Fund’s Class A shares for the applicable rolling 36-month period or transition period, the fee paid to the Investment Manager will decrease by the adjustment rate.