Performance Reporting definition

Performance Reporting services Performance Reporting: include creation of templates for monthly fact sheets and quarterly As mutually agreed. fact sheets; populating templates with performance data obtained from third parties; and coordinating steps needed for final printing and distribution. Creative Communication and Editorial Creative Communication and Editorial Services: services include preparing Services drafts of textual commentary and management discussion and analysis Quote available upon request. for annual; and semi-annual reports, including portfolio manager interviews; providing creative design and direction; and coordinating production, including typesetting (initial composition and changes to composition), charts and ancillary items. Production Timing: - No timing guarantees can be made for completion of monthly and quarterly fact sheets where any of the information needed to produce the reports is generated by service providers other than the Distributor. However, a basic estimate of turnaround time may be given based upon when the unit receives all necessary data in good order. Under normal conditions, the Performance Reporting unit expects to make proofs ready for review (either printed or electronic PDF format) by the 4th business day after the final piece of data is received. If compliance review is necessary (e.g., when Morningstar ratings data is used) an additional 2 days may be required for review. - Printing turnaround (once the factsheets are signed-off by the client) is usually approximately 4-5 calendar days with most jobs shipping by the 5th day. - If requested, final electronic PDF files may be generated and e-mailed on the day the job is signed-off on by the client. These PDFs may be distributed and printed as necessary until the final printed pieces arrive.

Performance Reporting. The executive team must provide monthly updates on milestone progress, along with explanations for any variances from the targets. ● Adjustments to Milestones: Performance will be assessed based on adherence to the targets listed above, with adjustments made as mutually agreed upon to reflect actual revenue and market conditions. ● Performance-Based Tranche Reductions: Failure to meet the above milestones by their respective deadlines will result in a proportional reduction in the performance related Cash Consideration.

Performance Reporting o Calculate monthly net rates of return. o Provide comparisons of performance information to relevant benchmarks as defined by Administrator. o Provide performance information to third-party service providers and other-designated third parties as defined by the Administrator.

Performance Reporting services include creation of templates for monthly fact sheets and quarterly fact sheets; populating templates with performance data obtained from third parties; and coordinating steps needed for final printing and distribution. Creative Communication and Editorial Services: services include preparing drafts of textual commentary and management discussion and analysis for annual; and semi-annual reports, including portfolio manager interviews; providing creative design and direction; and coordinating production, including typesetting (initial composition and changes to composition), charts and ancillary items. Production Timing: o No timing guarantees can be made for completion of monthly and quarterly fact sheets where any of the information needed to produce the reports is generated by service providers other than the Distributor. However, a basic estimate of turnaround time may be given based upon when the unit receives all necessary data in good order. Under normal conditions, the Performance Reporting unit expects to make proofs ready for review (either printed or electronic PDF format) by the 4th business day after the final piece of data is received. If compliance review is necessary (e.g., when Morningstar ratings data is used) an additional 2 days may be required for review. o Printing turnaround (once the factsheets are signed-off by the client) is usually approximately 4-5 calendar days with most jobs shipping by the 5th day. o If requested, final electronic PDF files may be generated and e-mailed on the day the job is signed-off on by the client. These PDFs may be distributed and printed as necessary until the final printed pieces arrive. MARKETING AND RELATED SERVICES FEES Marketing Execution: Quote available upon request. Performance Reporting Monthly Reports Monthly Updating and Typesetting -- $850 - $1,000 per sheet per month (for an All-in-One style report) Initial Design and Setup (1-time charge) -- $500 per sheet Quarterly Reports Quarterly Updating and Typesetting -- $300 - $350 per Fund sheet per Share Class per quarter Initial Design and Setup per Fund sheet (1-time charge) -- $500 per Fund sheet Annual & Semi-Annual Reports Coordination:

Performance Reporting. The Customer can view their infrastructure performance in real time and set client specific thresholds and email alerts. For the avoidance of doubt BT will allow the Customer to request a reasonable amount of specific thresholds and email alerts during the set up process. • On Line Fault Reporting: The Customer can log or monitor faults via web interface.

Performance Reporting means monthly, midyear and annual reporting on the performance of the municipality as required by legislation.