THE MERGER FUND FOURTH AMENDMENT TO THE FUND ACCOUNTING SERVICING AGREEMENT

THE MERGER FUND

FOURTH AMENDMENT TO THE

FUND ACCOUNTING SERVICING AGREEMENT

THIS FOURTH AMENDMENT, effective as of January 1, 2017, to the Fund Accounting Servicing Agreement, dated as of January 1, 2006, as amended February 26, 2008, January 19, 2011 and July 9, 2013 (the “Agreement”), is entered into by and between THE MERGER FUND, a Delaware statutory trust, (the “Trust”) and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company (“USBFS”)

RECITALS

WHEREAS, the parties have entered into the Agreement; and

WHEREAS, the parties desire to amend the fees of the Agreement;

WHEREAS, Section 15 of the Agreement allows for an amendment by a written instrument executed by both parties.

NOW, THEREFORE, the parties agree as follows:

Amended Exhibit A of the Agreement is hereby superseded and replaced with Amended Exhibit A attached hereto.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 Fourth Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.

THE MERGER FUND	U.S. BANCORP FUND SERVICES, LLC
By:  /s/ Xxxxx Xxxxx	By:  /s/ Xxxxxxx X. Xxxxxxx
Name:  Xxxxx Xxxxx	Name:  Xxxxxxx X. Xxxxxxx
Title:  COO	Title:   Senior Vice President

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Amended Exhibit A to the Fund Accounting Agreement – The Merger Fund

Fund Accounting Services Fee Schedule

The Merger Fund Investor Class

The Merger Fund Institutional Class

Effective January 1, 2017 through December 31, 2020

Annual Fund Accounting Fee Based Upon Average Net Assets per Fund*

__ basis points on the next $__ million

__ basis points on the next $__ billion

__ basis point on the next $__ billion

__ basis points on the balance

Annual Base Fee*

$__ per domestic equity fund

§ Additional fee of $__ for each additional class and/or for a Controlled Foreign Corporation (CFC)

§ Additional fee of $__ per manager/sub-advisor per fund

§ Tax Free Transfer In-Kind Cost Basis Tracking* – $__ per sub-account per year

All schedules subject to change depending upon the use of unique security types requiring special pricing or accounting arrangements.

Chief Compliance Officer Support Fee*

§ $__ per year per fund complex

Data Services

Pricing Services

§ $__ – Domestic Equities, Options, ADRs, Foreign Equities, Futures, Forwards

§ $__ – Domestic Corporates, Convertibles, Governments, Agencies, Currency Rates, Mortgage Backed

§ $__ – CMOs, Municipal Bonds, Money Market Instruments, Foreign Corporates, Convertibles, Governments, Agencies,  Asset Backed, High Yield

§ $__ – Interest Rate Swaps, Foreign Currency Swaps, Total Return Swaps, Total Return Bullet Swaps

§ $__ – Bank Loans

§ $__ – Swaptions

§ $__ – Credit Default Swaps

§ $__ per Month Manual Security Pricing (>25per day)

Fair Value Services (Charged at the complex level)

§ $__ per security on the First 100 Securities

§ $__ per security on the Balance of Securities

Corporate Action and Factor Services (security paydown)

§ $__ per Foreign Equity Security per Month

§ $__ per Domestic Equity Security per Month

§ $__ per CMOs, Asset Backed, Mortgage Backed Security per Month

NOTE: Prices above are based on using U.S. Bancorp primary pricing service which may vary by security type and are subject to change.  Use of alternative and/or additional sources may result in additional fees. Pricing vendors may designate certain securities as hard to value or as a non-standard security type, such as CLOs and CDOs, which may result in additional fees.

Miscellaneous Expenses

Including but not limited to SWIFT processing and customized reporting.

Additional Services

Master/Feeder structures and additional services mutually agreed upon.

*Subject to annual CPI increase – All Urban Consumers – U.S. City Average

Fees are calculated pro rata and billed monthly.

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