Common use of Annual Account Service Fees Clause in Contracts

Annual Account Service Fees. Open Accounts1 Up to 700,000 accounts2 Direct Accounts Networked Accounts (ML 3) Accounts in excess of 700,000 Direct Accounts Networked Accounts (ML 3) Accounts in excess of 1,000,000 Direct Accounts Networked Accounts (ML 3) Closed Accounts Complex Base Fee Fees also include the following services at no additional charge: Audio Response - not including long distance and advanced features State Tax Reporting AML - Networked & Non-Networked Federal Wires Compliance Program Regulatory Compliance Same Day Cash (cont’d on next page) 1 Open Accounts are defined as an account which is open at any time during the month. Open Accounts may also be referred to as “Accounts Serviced”. 2 Breakpoint Discounts For Accounts 700,001-1,000,000 the Sub-Transfer Agent will provide a discount of $ /Yr/Acct. For each Account the Sub-Transfer Agent services above 1,000,000 a TOTAL discount of $ /Yr/Acct will apply. For example: If the Sub-Transfer Agent services 1,000,000 Accounts the discount would be $ . If the Sub-Transfer Agent services 1,050,000 Accounts the discount would be $ . Fees also include the following services at no additional charge: AWD RIP Omnibus Transparency (investigation fees only) Investor 12b1/TASS 12b1 processing Checkwriting Commfee Crystal reporting (for agreed upon reports where information available through Powerselect) Sub-TA invoice process Annual Technology Fee Accountlets3 0-500,000 500,001-2,000,000 2,000,001 and greater Investigation Fees Application Type: Investor Statement & Tax