FIRST AMENDMENT TO THE CUSTODY AGREEMENT
FIRST AMENDMENT TO THE
THIS FIRST AMENDMENT dated as of April 29, 2014, to the Custody Agreement, originally made and entered into as of August 10, 2012, (the "Agreement"), is entered into by and between TRUST FOR PROFESSIONAL MANAGERS, a Delaware business trust, (the "Trust") on behalf of the SAMSON FUNDS (the "Funds") and U.S. BANK NATIONAL ASSOCIATION, a national banking association (the "Custodian").
RECITALS
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the parties desire to amend the global custody fees effective
March 1, 2014; and
WHEREAS, Article 15.02 of the Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
Exhibit D of the Agreement is hereby superseded and replaced with Amended Exhibit D attached hereto.
Except to the extent amended hereby, the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.
TRUST FOR PROFESSIONAL MANAGERS | U.S. BANK NATIONAL ASSOCIATION |
By: /s/ Xxxx X. Xxxxxx | By: /s/ Xxxxxxx X. XxXxx |
Printed Name: Xxxx X. Xxxxxx | Printed Name: Xxxxxxx X. XxXxx |
Title: President | Title: Senior Vice President |
Amended Exhibit D to the Trust for Professional Managers Custody Agreement – Samson
Multiple Series Trust
DOMESTIC CUSTODY SERVICES
FEE SCHEDULE at August, 2012
|
Annual Fee Based Upon Market Value Per Fund*
____ basis point on average daily market value
Minimum annual fee per fund - $____
Plus portfolio transaction fees
Portfolio Transaction Fees
$____ /book entry DTC transaction/Federal Reserve transaction/principal paydown
$____ /U.S. Bank repo agreement transaction
$____ /short sale
$____ /option/future contract written, exercised or expired
$____ /mutual fund trade/Fed wire/margin variation Fed wire
$____ /physical transaction
$____ /segregated account per year
§ A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange.
§ No charge for the initial conversion free receipt.
§ Overdrafts – charged to the account at prime interest rate plus ____.
Out-Of-Pocket Expenses
Including but not limited to expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, deposit withdrawals at custodian (DWAC) fees, and extraordinary expenses based upon complexity.
*Subject to annual CPI increase, Milwaukee MSA.
Fees are billed monthly.
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2
Amended Exhibit D (continued) to the Trust for Professional Managers – Samson
GLOBAL SUB-CUSTODIAL SERVICES
ANNUAL FEE SCHEDULE at August, 2012
|
||||||||
Country
|
Instrument
|
Safekeeping
(BPS)
|
Transaction
Fee
|
Country
|
Instrument
|
Safekeeping
(BPS)
|
Transaction
Fee
|
|
Argentina
|
All
|
_____
|
$_____
|
Lithuania
|
All
|
_____
|
$_____
|
|
Australia
|
All
|
_____
|
$_____
|
Luxembourg
|
All
|
_____
|
$_____
|
|
Austria
|
All
|
_____
|
$_____
|
Malaysia
|
All
|
_____
|
$_____
|
|
Bahrain
|
All
|
_____
|
$_____
|
Mali*
|
All
|
_____
|
$_____
|
|
Bangladesh
|
All
|
_____
|
$_____
|
Malta
|
All
|
_____
|
$_____
|
|
Belgium
|
All
|
_____
|
$_____
|
Mauritius
|
All
|
_____
|
$_____
|
|
Benin*
|
All
|
_____
|
$_____
|
Mexico
|
All
|
_____
|
$_____
|
|
Bermuda
|
All
|
_____
|
$_____
|
Morocco
|
All
|
_____
|
$_____
|
|
Botswana
|
All
|
_____
|
$_____
|
Namibia
|
All
|
_____
|
$_____
|
|
Brazil
|
All
|
_____
|
$_____
|
Netherlands
|
All
|
_____
|
$_____
|
|
Bulgaria
|
All
|
_____
|
$_____
|
New Zealand
|
All
|
_____
|
$_____
|
|
Burkina Faso*
|
All
|
_____
|
$_____
|
Niger*
|
All
|
_____
|
$_____
|
|
Canada
|
All
|
_____
|
$_____
|
Nigeria
|
All
|
_____
|
$_____
|
|
Cayman Islands*
|
All
|
_____
|
$_____
|
Norway
|
All
|
_____
|
$_____
|
|
Channel Islands*
|
All
|
_____
|
$_____
|
Oman
|
All
|
_____
|
$_____
|
|
Chile
|
All
|
_____
|
$_____
|
Pakistan
|
All
|
_____
|
$_____
|
|
China“A” Shares
|
All
|
_____
|
$_____
|
Palestinian Autonomous Area*
|
All
|
_____
|
$_____
|
|
China“B” Shares
|
All
|
_____
|
$_____
|
Peru
|
All
|
_____
|
$_____
|
|
Columbia
|
All
|
_____
|
$_____
|
Philippines
|
All
|
_____
|
$_____
|
|
Costa Rica
|
All
|
_____
|
$_____
|
Poland
|
All
|
_____
|
$_____
|
|
Croatia
|
All
|
_____
|
$_____
|
Portugal
|
All
|
_____
|
$_____
|
|
Cyprus*
|
All
|
_____
|
$_____
|
Qatar
|
All
|
_____
|
$_____
|
|
Czech Republic
|
All
|
_____
|
$_____
|
Romania
|
All
|
_____
|
$_____
|
|
Denmark
|
All
|
_____
|
$_____
|
Russia
|
Equities
|
_____
|
$_____
|
|
Ecuador
|
All
|
_____
|
$_____
|
Russia
|
MINFINs
|
_____
|
$_____
|
|
Egypt
|
All
|
_____
|
$_____
|
Senegal*
|
All
|
_____
|
$_____
|
|
Estonia
|
All
|
_____
|
$_____
|
Serbia*
|
All
|
_____
|
$_____
|
|
Euromarkets**
|
All
|
_____
|
$_____
|
Singapore
|
All
|
_____
|
$_____
|
|
Finland
|
All
|
_____
|
$_____
|
Slovak Republic
|
All
|
_____
|
$_____
|
|
France
|
All
|
_____
|
$_____
|
Slovenia
|
All
|
_____
|
$_____
|
|
Germany
|
All
|
_____
|
$_____
|
South Africa
|
All
|
_____
|
$_____
|
|
Ghana
|
All
|
_____
|
$_____
|
South Korea
|
All
|
_____
|
$_____
|
|
Greece
|
All
|
_____
|
$_____
|
Spain
|
All
|
_____
|
$_____
|
|
Guinea Bissau*
|
All
|
_____
|
$_____
|
Sri Lanka
|
All
|
_____
|
$_____
|
|
Hong Kong
|
All
|
_____
|
$_____
|
Swaziland
|
All
|
_____
|
$_____
|
|
Hungary
|
All
|
_____
|
$_____
|
Sweden
|
All
|
_____
|
$_____
|
|
Iceland
|
All
|
_____
|
$_____
|
Switzerland
|
All
|
_____
|
$_____
|
|
India
|
All
|
_____
|
$_____
|
Taiwan
|
All
|
_____
|
$_____
|
|
Indonesia
|
All
|
_____
|
$_____
|
Thailand
|
All
|
_____
|
$_____
|
|
Ireland
|
All
|
_____
|
$_____
|
Togo*
|
All
|
_____
|
$_____
|
|
Israel
|
All
|
_____
|
$_____
|
Trinidad & Tobago*
|
All
|
_____
|
$_____
|
|
Italy
|
All
|
_____
|
$_____
|
Tunisia
|
All
|
_____
|
$_____
|
|
Ivory Coast
|
All
|
_____
|
$_____
|
Turkey
|
All
|
_____
|
$_____
|
|
Jamaica*
|
All
|
_____
|
$_____
|
UAE
|
All
|
_____
|
$_____
|
|
Japan
|
All
|
_____
|
$_____
|
United Kingdom
|
All
|
_____
|
$_____
|
|
Jordan
|
All
|
_____
|
$_____
|
Ukraine
|
All
|
_____
|
$_____
|
|
Kazakhstan
|
All
|
_____
|
$_____
|
Uruguay
|
All
|
_____
|
$_____
|
|
Kenya
|
All
|
_____
|
$_____
|
Venezuela
|
All
|
_____
|
$_____
|
|
Latvia
|
Equities
|
_____
|
$_____
|
Vietnam*
|
All
|
_____
|
$_____
|
|
Latvia
|
Bonds
|
_____
|
$_____
|
Zambia
|
All
|
_____
|
$_____
|
|
Lebanon
|
All
|
_____
|
$_____
|
* Additional customer documentation and indemnification will be required prior to establishing accounts in these markets.
** Tiered by market value:<$5 billion: ____bp, >$5 billion and <$10 billion: .____bps; >$10 billion: .____ bps.
3
Amended Exhibit D (continued) to the Trust for Professional Managers – Samson
Annual Base Fee*** - $____ per account (fund) will apply.
§
|
Euroclear – Eurobonds only. Eurobonds are held in Euroclear at a standard rate, but other types of securities (including but not limited to equities, domestic market debt and mutual funds) will be subject to a surcharge. In addition, certain transactions that are delivered within Euroclear or from a Euroclear account to a third party depository or settlement system, will be subject to a surcharge.
|
§
|
For all other markets specified above, surcharges may apply if a security is held outside of the local market.
|
Cash Transactions:
§
|
3rd Party Foreign Exchange – a Foreign Exchange transaction undertaken through a 3rd party will be charged $____.
|
Tax Reclamation Services: Tax reclaims that have been outstanding for more than 6 (six) months with the client will be charged $50 per claim.
Out of Pocket Expenses
§
|
Charges incurred by U.S. Bank, N.A. for local taxes, stamp duties or other local duties and assessments, stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees, proxy services and other shareholder communications or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred.
|
§
|
A surcharge may be added to certain out-of-pocket expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate.
|
§
|
SWIFT reporting and message fees.
|
*** All global custody fees will be waived effective March 1, 2014 through February 28, 2015.
Advisor’s signature below acknowledges approval of the fee schedules on this Exhibit D.
By: Samson Capital Advisors, LLC
Name: /s/ Xxxxx D/ Xxxxxxx
Title: Managing Principal
Date: 5/5/14
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