HATTERAS ALTERNATIVE MUTUAL FUNDS TRUST SECOND AMENDMENT TO THE FUND ADMINISTRATION SERVICING AGREEMENT
SECOND AMENDMENT TO THE
THIS SECOND AMENDMENT effective as of the 1st day of May , 2011, to the Fund Administration Servicing Agreement, dated as of April 28, 2006, as amended November 1, 2009 (the "Fund Administration Agreement"), is entered into by and among HATTERAS ALTERNATIVE MUTUAL FUNDS, LLC, a Delaware limited liability company (the “Adviser”), HATTERAS ALTERNATIVE MUTUAL FUNDS TRUST, a Delaware business trust (the “Trust”) and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company ("USBFS").
RECITALS
WHEREAS, the parties have entered into the Fund Administration Agreement; and
WHEREAS, the parties desire to amend the Fund Administration Agreement; and
WHEREAS, Section 10 of the Fund Administration Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
Exhibit A is hereby superseded and replaced with Exhibit A attached hereto.
Exhibit B is hereby superseded and replaced with Exhibit B attached hereto.
Except to the extent amended hereby, the Fund Administration Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.
|
HATTERAS ALTERNATIVE MUTUAL
FUNDS, LLC
|
U.S. BANCORP FUND SERVICES, LLC
|
|
By: /s/ J. Xxxxxxx Xxxxxx
|
By: /s/ Xxxxxxx X. XxXxx
|
|
Name: J. Xxxxxxx Xxxxxx
|
Name: Xxxxxxx X. XxXxx
|
|
Title: Chief Operating Officer
|
Title: Executive Vice President
|
|
By: /s/ J. Xxxxxxx Xxxxxx
|
|
|
Name: J. Xxxxxxx Xxxxxx
|
|
|
Title: Secretary
|
1
Exhibit A
Separate Series of Hatteras Alternative Mutual Funds Trust
Name of Series
Hatteras Alpha Hedged Strategies Fund – No Load Class, Class A and Class C
Hatteras Beta Hedged Strategies Fund – No Load Class and Class C
Hatteras Long/Short Equity Fund - Class A and Institutional Class
Hatteras Long/Short Debt Fund - Class A and Institutional Class
Hatteras Hedged Strategies Fund - Institutional Class
2
|
Exhibit B
to the Fund Administration Servicing Agreement
Hatteras Alternative Mutual Funds Trust and Underlying Funds Trust
Fee Schedule
Effective May 1, 2011
|
|
Annual Fee Based Upon Market Value of Complex*Note 1
$[ ] base fee on the first $[ ] million of assets
[ ] basis points on the next $[ ] million
[ ] basis points on the next $[ ] million
[ ] basis points on the next $[ ] million
[ ] basis points on the balance
Plus sub-advisor fee of $ [ ] per advisor
*Minimum annual fee up to [ ] funds with [ ] classes.
Additional fee is $[ ] per fund and $[ ] per class.
Additional Legal Services
§ $[ ] per filing – 15c legal administration
§ $[ ] – additional new fund or share launch
Additional Services Fee Note 1, 2
§ $[ ] /year
Note 2: Additional services includes the following:
Chief Compliance Officer Support
USBFS provides on-going support to the fund’s CCO’s including:
§ Daily consulting and responding to inquiries and requests
§ Periodic reporting and conference calls with all CCO’s
§ Periodic forums for USBFS CCO to meet with client CCO’s
§ Quarterly certifications and reporting on procedures and compliance events
§ Access to CCO portal
Annual Legal Administration
Legal administration services in support of external legal counsel, including annual registration statement update and drafting of supplements.
Pre- and Post-Tax Performance Reporting
GainsKeeper – Automated Wash Sale Service
Out-Of-Pocket Expenses
Including but not limited to postage, stationery, programming, special reports, , proxies, insurance, XXXXX filing, retention of records, federal and state regulatory filing fees, certain insurance premiums, expenses from board of directors meetings, third party auditing and legal expenses, conversion expenses (if necessary), and all other out-of-pocket expenses.
Additional Services
Available but not included above are the following services – Daily Compliance Services, SEC 15(c) reporting, Equity Attribution, Electronic Board Books and Proxy Filings.
Conversion and extraordinary services quoted separately
|
Note 1: Fees are billed monthly. Subject to annual CPI increase, Milwaukee MSA.
3
