Common use of XX XXXXXXX XXXXXXX Clause in Contracts

XX XXXXXXX XXXXXXX. xxx xxxxxxx xxxxxx xxxx xxxxxx xxxx Agreement to be executed by a duly authorized officer on one or more counterparts as of the date first above written. JULIUS BAER INVESTMENT FUNDS U.S. BANCORP FUND SERVICES, LLX Xx: /x/ Michael K. Quain By: /s/ Joe D. Redwine Michael X. Xxxxx Joe D. Rxxxxxx Xxxxx: Presidenx Title: Presidenx EXHIBIT A TO THE TRANSFER AGENT SERVICING AGREEMENT FUND NAMES SEPARATE SERIES OF JULIUS BAER INVESTMENT FUNDS Namx xx Xxxxxx -------------- Julius Baer International Equity Fund Juliux Xxxx Xxxxl Return Bond Fund Julius Baex Xxxxxx Xxgh Yield Bond Fund EXHIBIT B TO THE TRANSFER AGENT SERVICING AGREEMENT ------------------------------------------------------------------------------------------------------------------------------------ TRANSFER AGENT & SHAREHOLDER SERVICES ANNUAL FEE SCHEDULE ------------------------------------------------------------------------------------------------------------------------------------ Service Charges to the Fund* Service Charges billed to shareholders Shareholder Services Per Account Fee: IRA Fees (generally billed to shareholders) $15.00 /qualified plan acct (Cap at $30.00/SSN) $14.25/open account (includes telephone calls) $ 2.50/closed or zero balance account $12.00 /outgoing wires Subject to a minimum of $12,000/fund $5,000 per additional class Technology Charges Fund Setup - included Activity Charges MFx - Report source - $1,500/year AML New Account service - $1.00 per new account. NSCC Service Interface OUT-OF-POCKET COSTS - - Setup - $1,500/fund family ------------------- - Annual - $1,500/cusip Telephone toll-free lines, call transfers, etc. Insurance, records retention, microfilm/fiche Telecommunications and Voice Services ACH fees - Service Setup - $1,650 per AT&T transfer Mailing, postage printing - VRU Setup - $500/fund family Stationery, envelopes - VRU Maintenance - $1,200/year/cusip Programming, special reports - $.35 /voice response call Proxies, proxy services NSCC charges from DTCC All other out-of-pocket expenses Development/Programming - $150 /hour File Transmissions - subject to requirements Select reports (non-standard) - $300 per select Fees are billed monthly * Subject to CPI increase, Milwaukee MSA. Conversion of Records - Included, but we estimate our total conversion cost to be roughly $60,000 to move 25,000+ accounts from your current provider. EXHIBIT C TO THE TRANSFER AGENT SERVICING AGREEMENT AS OF PROCESSING POLICY

XX XXXXXXX XXXXXXX. xxx xxxxxxx xxxxxx xxxx xxxxxx xxxx Agreement to be executed by a duly authorized officer on one or more counterparts as of the date first above written. JULIUS BAER INVESTMENT FUNDS GLOBAL EQUITY FUND, INC. U.S. BANCORP FUND SERVICESXXXXXXXX, LLX XxXLC By: /x/ /s/ Michael K. Quain By: /s/ Joe D. Redwine -------------------- ------------------ Michael X. Xxxxx K. Quain Joe D. Rxxxxxx XxxxxRedwine Titxx: Presidenx TitleXxxxxxxxx Titxx: Presidenx Xxxxxxxxx EXHIBIT A TO THE TRANSFER AGENT SERVICING AGREEMENT FUND NAMES SEPARATE SERIES OF JULIUS BAER INVESTMENT FUNDS Namx xx Xxxxxx -------------- Julius Baer International Equity Fund Juliux Xxxx Xxxxl Return Bond Fund Julius Baex Xxxxxx Xxgh Yield Bond Fund GLOBAL EQUITY FUND, INC. EXHIBIT B TO THE TRANSFER AGENT SERVICING AGREEMENT ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ TRANSFER AGENT & SHAREHOLDER SERVICES ANNUAL FEE SCHEDULE ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Service Charges to the Fund* Service Charges billed to shareholders Shareholder Services Per Account Fee: IRA Fees (generally billed to shareholders) $15.00 /qualified plan acct (Cap at $30.00/SSN) $14.25/open 14.25 /open account (includes telephone calls) $ 2.50/closed $2.50 /closed or zero balance account $12.00 /outgoing wires Subject to a minimum of $12,000/fund $5,000 per additional class Technology Charges Fund Setup - included Activity Charges MFx - Report source - $1,500/year AML New Account service - $1.00 per new account. NSCC Service Interface OUT-OF-POCKET COSTS - - Setup - $1,500/fund family ------------------- - Annual - $1,500/cusip Telephone toll-free lines, call transfers, etc. Insurance, records retention, microfilm/fiche ACH fees Telecommunications and Voice Services ACH fees Mailing, postage printing - Service Setup - $1,650 per AT&T transfer MailingStationery, postage printing envelopes - VRU Setup - $500/fund family StationeryProgramming, envelopes special reports - VRU Maintenance - $1,200/year/cusip ProgrammingProxies, special reports proxy services - $.35 /voice response call Proxies, proxy services NSCC charges from DTCC All other out-of-pocket expenses Development/Programming - $150 /hour File Transmissions - subject to requirements Fees are billed monthly Select reports (non-standard) - $300 per select Fees are billed monthly * Subject to CPI increase, Milwaukee MSA. Conversion of Records - Included, but we estimate our total conversion cost to be roughly $60,000 to move 25,000+ accounts from your current provider. ------------------------------------------------------------------------------------------------------------------------ EXHIBIT C TO THE TRANSFER AGENT SERVICING AGREEMENT AS OF PROCESSING POLICY

XX XXXXXXX XXXXXXX. xxx xxxxxxx xxxxxx xxxx xxxxxx xxxx xxxxxes hereto have caused this Agreement to be executed by a duly authorized officer on one or more counterparts their officers designated as of the date day and year first above written. JULIUS BAER INVESTMENT FUNDS U.S. BANCORP FUND SERVICESFIRSTAR FUNDS, LLX Xx: /x/ Michael K. Quain INC. QUASAR DISTRIBUTORS, LLC By: /s/ Joe D. Redwine Michael X. Xxxxx Joe D. Rxxxxxx XxxxxJoseph C. Neuberger By: Presidenx /s/ James R. Schoenike -------------------------- ---------------------- Title: Presidenx EXHIBIT Assistant Treasurer Title: President ------------------------ -------------------- FIRSTAR INVESTMENT RESEARCH & MANAGEMENT COMPANY, LLC By: /s/ Laura J. Rauman --------------------------- Title: Vice Presixxxx ------------------------ SCHEDULE A TO THE TRANSFER AGENT SERVICING DISTRIBUTION AGREEMENT FUND BY AND AMONG FIRSTAR FUNDS, INC. FIRSTAR INVESTMENT RESEARCH & MANAGEMENT COMPANY, LLC AND QUASAR DISTRIBUTORS, LLC NAMES SEPARATE SERIES OF JULIUS BAER INVESTMENT FUNDS Namx xx Xxxxxx -------------- Julius Baer Institutional Money Market Fund Money Market Fund U.S. Treasury Money Market Fund U.S. Government Fund Tax-Exempt Money Market Fund Short-Term Bond Market Fund Intermediate Bond Market Fund Bond IMMDEXTM Fund Tax-Exempt Intermediate Bond Fund Balanced Income Fund Balanced Growth Fund Growth and Income Fund Equity Index Fund Growth Fund MidCap Index Fund Special Growth Fund Emerging Growth Fund MicroCap Fund Core International Equity Fund Juliux Xxxx Xxxxl Return Bond International Equity Fund Julius Baex Xxxxxx Xxgh Yield Bond Small Cap Aggressive Growth Fund EXHIBIT SCHEDULE B TO THE TRANSFER AGENT SERVICING DISTRIBUTION AGREEMENT ------------------------------------------------------------------------------------------------------------------------------------ TRANSFER AGENT BY AND AMONG FIRSTAR FUNDS, INC. FIRSTAR INVESTMENT RESEARCH & SHAREHOLDER SERVICES ANNUAL FEE SCHEDULE ------------------------------------------------------------------------------------------------------------------------------------ Service Charges to MANAGEMENT COMPANY, LLC AND QUASAR DISTRIBUTORS, LLC FEES Basic Distribution Services --------------------------- . Fee at the annual rate of .01 of 1% (one basis point) of the Fund* 's average daily net assets, payable monthly in arrears . Minimum annual fee: first portfolio -- $15,000; each additional portfolio -- $3,000 Advertising Compliance Review/NASD Filings ------------------------------------------ . $150 for the first 10 pages/minutes; $20 per page/minute thereafter . NASDR Expedited Service Charges billed to shareholders Shareholder Services Per Account Fee: IRA Fees for 3 day turnaround . $1000 for the first 10 pages/minutes; $25 per page/minute thereafter (generally billed to shareholdersComments are faxed. NASDR may not accept expedited request.) Licensing of Investment Advisor's Staff (if desired) ---------------------------------------------------- . $15.00 /qualified plan acct (Cap at $30.00/SSN) $14.25/open account (includes telephone calls) $ 2.50/closed or zero balance account $12.00 /outgoing wires Subject to a minimum of $12,000/fund $5,000 900 per additional class Technology Charges Fund Setup - included Activity Charges MFx - Report source - $1,500/year AML New Account service - $1.00 per new accountSeries 7 representative . NSCC Service Interface OUTAll associated NASD and State fees for Registered Representatives, including license and renewal fees. Out-OFof-POCKET COSTS - - Setup - $1,500/fund family ------------------- - Annual - $1,500/cusip Telephone toll-free lines, call transfers, etc. Insurance, records retention, microfilm/fiche Telecommunications and Voice Services ACH fees - Service Setup - $1,650 per AT&T transfer Mailing, postage printing - VRU Setup - $500/fund family Stationery, envelopes - VRU Maintenance - $1,200/year/cusip Programming, special reports - $.35 /voice response call Proxies, proxy services NSCC charges from DTCC All other Pocket Expenses ---------------------- Reasonable out-of-pocket expenses Development/Programming - $150 /hour File Transmissions - subject incurred by the Distributor in connection with activities primarily intended to requirements Select result in the sale of Shares, including, without limitation: . typesetting, printing and distribution of Prospectuses and shareholder reports (non. production, printing, distribution and placement of advertising and sales literature and materials . engagement of designers, free-standard) - $300 per select Fees are billed monthly * Subject to CPI increaselance writers and public relations firms . long-distance telephxxx xines, Milwaukee MSAservices and charges . Conversion of Records - Includedpostage . overnight delivery charges . regulatory filing fees . record retention . travel, but we estimate our total conversion cost to be roughly $60,000 to move 25,000+ accounts from your current provider. EXHIBIT C TO THE TRANSFER AGENT SERVICING AGREEMENT AS OF PROCESSING POLICYlodging and meals

XX XXXXXXX XXXXXXX. xxx xxxxxxx xxxxxx xxxx xxxxxx xxxx Agreement Xxxxxxxxx to be executed by a duly authorized officer on one or more counterparts as of the date first above written. JULIUS BAER INVESTMENT THE KENSINGTON FUNDS U.S. BANCORP FUND SERVICES, LLX Xx: /x/ Michael K. Quain LLC By: /s/ By: ------------------------------- -------------------------------- John P. Kramer Joe D. Redwine Michael X. Xxxxx Joe D. Rxxxxxx Xxxxx: Presidenx Title: Presidenx Xxxxxxxxx Title: Xxxxxxxxx EXHIBIT A TO THE TRANSFER AGENT FUND ADMINISTRATION SERVICING AGREEMENT FUND NAMES SEPARATE SERIES OF JULIUS BAER INVESTMENT THE KENSINGTON FUNDS Namx xx Xxxxxx -------------- Julius Baer International Equity Name of Series Kensington Strategic Realty Fund Juliux Xxxx Xxxxl Return Bond Kensington Select Income Fund Julius Baex Xxxxxx Xxgh Yield Bond Kensington Real Estate Securities Fund EXHIBIT B TO THE KENSINGTON FUNDS TRANSFER AGENT SERVICING AGREEMENT ------------------------------------------------------------------------------------------------------------------------------------ TRANSFER AGENT & SHAREHOLDER AGENCY, FUND ACCOUNTING AND FUND ADMINISTRATION SERVICES ANNUAL FEE SCHEDULE ------------------------------------------------------------------------------------------------------------------------------------ Service Charges -------------------------------------------------------------------------------- The following is a combined fee schedule for all services provided by U.S. Bancorp Fund Services LLC to the Fund* Service Charges billed to shareholders Shareholder Services Per Account Fee: IRA Fees (generally billed to shareholders) The Kensington Funds. ANNUAL FEE BASED ON TOTAL ASSETS OF THE FUND COMPLEX UP TO 4 FUNDS AND CLASSES 12 BASIS POINTS ON THE FIRST $15.00 /qualified plan acct (Cap at 1.25 BILLION 8 BASIS POINTS TO THE NEXT $30.00/SSN) $14.25/open account (includes telephone calls) $ 2.50/closed or zero balance account $12.00 /outgoing wires Subject to a minimum of $12,000/fund $5,000 per additional class Technology Charges Fund Setup - included Activity Charges MFx - Report source - $1,500/year AML New Account service - $1.00 per new account. NSCC Service Interface OUT-OF-1.75 BILLION 6 BASIS POINTS THEREAFTER -------------------------------------------------------------------------------- OUT OF POCKET COSTS INCLUDED IN BASIS POINTS OUT OF POCKETS AND FUND COSTS NOT INCLUDED IN BASIS POINTS SERVICE FEE SERVICE FEE -------------------------------------------------------- ---------------------------------------------------------- - - Setup - $1,500/fund family ------------------- - Annual - $1,500/cusip Telephone toll-free linesShareholder Communication Stationery o Statements, call transfersconfirms, etc. Insurance- Printing of Prospectus, Annual/semi Reports, Advertising o Postage and Sales Materials - Shareholder Mailing and Inserting - Independent Legal and Audit - NSCC - Fund/SERV, Networking Services - Insurance and Registration Fees - Shareholder Web Access (FanWeb) - Board Member compensation and travel expenses o set up/maintenance/activity - Proxies and Proxies Services - Financial Advisor/Broker Web Access (Vision) - Literature Fulfillment Service o inquiry/transactions activity - Marketing/Sales - internal wholesaling - Voice Response Services - Licensing of Investment Advisor's Staff o account inquiry/maintenance/ transactions o $1,500 per year per registered representative. - Banking Services - Engagement of designers, free-lance writers and public o Draft Checking, ACH Cost relations firms - 800 Telephone Service Cost - Anti-Money Laundering Service - E-Delivery Statements/Compliance - Security Pricing - Corporate Action Services - Manual Security Pricing - EDGAR filings, retention of records retention, microfilm/fiche Telecommunications and Voice Services ACH fees - Service Setup US Bancorp Employee Boarx Xxxting Travel ADDITIONAL FUNDS: Annual Fee Schedule to be re-negotiated. - $1,650 per AT&T transfer Mailing, postage printing - VRU Setup - $500/fund family Stationery, envelopes - VRU Maintenance - $1,200/year/cusip Programming, special Adhoc reports - Advertising Compliance Review/NASD Filings - On-line internet access to U.S. Bancorp systems (TA 200, COLD, Image, Report Source, Vision, EFFECTIVE PERIOD FOR FEE SCHEDULE: 2 years for all Fund Accounting) services, with an option to extend the contract for an - Sales Reporting additional 3 years, provided the average account size is - Licensing of registered representatives up to 10. greater than $.35 /voice response call Proxies, proxy services NSCC charges from DTCC All other out20,000. - short term trading system and support SET-of-pocket expenses Development/Programming - $150 /hour File Transmissions - subject to requirements Select reports (non-standard) - $300 per select Fees are billed monthly * Subject to CPI increase, Milwaukee MSA. Conversion of Records - Included, but we estimate our total conversion cost to be roughly $60,000 to move 25,000+ accounts from your current provider. EXHIBIT C TO THE TRANSFER AGENT SERVICING AGREEMENT AS OF PROCESSING POLICYUP AND CONVERSION COST: None

XX XXXXXXX XXXXXXX. xxx xxxxxxx xxxxxx xxxx xxxxxx xxxx Agreement to be executed by a duly authorized officer on one or more counterparts as of the date first above written. JULIUS BAER INVESTMENT THE KENSINGTON FUNDS U.S. BANCORP FUND SERVICES, LLX Xx: /x/ Michael K. Quain LLC By: /s/ By: -------------------------------- ----------------------------- John P. Kramer Joe D. Redwine Michael X. Xxxxx Joe D. Rxxxxxx Xxxxx: Presidenx Title: Presidenx Xxxxxxxxx Titlx: Xxxxxxxxx EXHIBIT A TO THE TRANSFER AGENT SERVICING AGREEMENT FUND NAMES SEPARATE SERIES OF JULIUS BAER INVESTMENT FUNDS Namx xx Xxxxxx -------------- Julius Baer International Equity Name of Series Kensington Strategic Realty Fund Juliux Xxxx Xxxxl Return Bond Kensington Select Income Fund Julius Baex Xxxxxx Xxgh Yield Bond Kensington Real Estate Securities Fund EXHIBIT B TO THE KENSINGTON FUNDS TRANSFER AGENT SERVICING AGREEMENT ------------------------------------------------------------------------------------------------------------------------------------ TRANSFER AGENT & SHAREHOLDER AGENCY, FUND ACCOUNTING AND FUND ADMINISTRATION SERVICES ANNUAL FEE SCHEDULE ------------------------------------------------------------------------------------------------------------------------------------ Service Charges The following is a combined fee schedule for all services provided by U.S. Bancorp Fund Services LLC to the Fund* Service Charges billed to shareholders Shareholder Services Per Account Fee: IRA Fees (generally billed to shareholders) The Kensington Funds. ANNUAL FEE BASED ON TOTAL ASSETS OF THE FUND COMPLEX UP TO 4 FUNDS AND CLASSES 12 BASIS POINTS ON THE FIRST $15.00 /qualified plan acct (Cap at 1.25 BILLION 8 BASIS POINTS TO THE NEXT $30.00/SSN) $14.25/open account (includes telephone calls) $ 2.50/closed or zero balance account $12.00 /outgoing wires Subject to a minimum of $12,000/fund $5,000 per additional class Technology Charges Fund Setup - included Activity Charges MFx - Report source - $1,500/year AML New Account service - $1.00 per new account. NSCC Service Interface OUT-OF-1.75 BILLION 6 BASIS POINTS THEREAFTER OUT OF POCKET COSTS INCLUDED IN BASIS POINTS OUT OF POCKETS AND FUND COSTS NOT INCLUDED IN SERVICE FEE BASIS POINTS SERVICE FEE -Shareholder Communication Stationery - - Setup - $1,500/fund family ------------------- - Annual - $1,500/cusip Telephone toll-free linesStatements, call transfersconfirms, etc. Insurance-Printing of Prospectus, records retentionAnnual/semi Reports, microfilmAdvertising - Postage and Sales Materials -Shareholder Mailing and Inserting -Independent Legal and Audit -NSCC - Fund/fiche Telecommunications SERV, Networking Services -Insurance and Voice Registration Fees -Shareholder Web Access (FanWeb) -Board Member compensation and travel expenses - set up/maintenance/activity -Proxies and Proxies Services ACH fees -Financial Advisor/Broker Web Access (Vision) -Literature Fulfillment Service - Service Setup inquiry/transactions activity -Marketing/Sales - internal wholesaling -Voice Response Services -Licensing of Investment Advisor's Staff - account inquiry/maintenance/ transactions - $1,650 1,500 per AT&T transfer Mailingyear per registered representative. -Banking Services -Engagement of designers, postage printing free-lance writers and public - VRU Setup - $500Draft Checking, ACH Cost relations firms -800 Telephone Service Cost -Anti-Money Laundering Service -E-Delivery Statements/fund family StationeryCompliance -Security Pricing -Corporate Action Services -Manual Security Pricing -EDGAR filings, envelopes - VRU Maintenance - $1,200/year/cusip Programming, special reports - $.35 /voice response call Proxies, proxy services NSCC charges from DTCC All other out-of-pocket expenses Development/Programming - $150 /hour File Transmissions - subject to requirements Select reports (non-standard) - $300 per select Fees are billed monthly * Subject to CPI increase, Milwaukee MSA. Conversion retention of Records - Included, but we estimate our total conversion cost records -US Bancorp Employee Board Xxxxing Travel ADDITIONAL FUNDS: Annual Fee Schedule to be roughly -Adhoc reports re-negotiated. -Advertising Compliance Review/NASD Filings -On-line internet access to U.S. Bancorp systems EFFECTIVE PERIOD FOR FEE SCHEDULE: 2 years for all (TA 200, COLD, Image, Report Source, Vision, Fund services, with an option to extend the contract for an Accounting) additional 3 years, provided the average account size is -Sales Reporting greater than $60,000 20,000. -Licensing of registered representatives up to move 25,000+ accounts from your current provider10. -short term trading system and support SET-UP AND CONVERSION COST: None EXHIBIT C TO THE TRANSFER AGENT SERVICING AGREEMENT AS OF PROCESSING POLICY