FOURTH AMENDMENT TO THE FUND ADMINISTRATION SERVICING AGREEMENT
FOURTH
AMENDMENT
THIS FOURTH AMENDMENT dated
this 12th day of February, 2010, to the Fund Administration Servicing Agreement
dated as of August 15, 2005, as amended June 8, 2007, October 8, 2007 and August
14, 2009 (the "Agreement"), is entered into by and between Intrepid Capital Management Funds
Trust, 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; and
WHEREAS, Section 10 of the Agreement
allows for its amendment by a written instrument executed by both
parties.
NOW, THEREFORE, the parties
agree as follows:
Exhibit B
of the Agreement is hereby superseded and replaced with Exhibit B attached
hereto.
Except to
the extent supplemented 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.
INTREPID CAPITAL MANAGEMENT | U.S. BANCORP FUND SERVICES, LLC |
FUNDS TRUST | |
By: /s/ Xxxx X. Xxxxxx | By: /s/ Xxxxxx X. Xxxx |
Name: Xxxx X. Xxxxxx | Name: Xxxxxx X. Xxxx |
Title: President/CEO | Title: Executive Vice President |
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Exhibit
B
Intrepid Capital Funds, Inc.
FUND ADMINISTRATION & COMPLIANCE SERVICES
FEE SCHEDULE
Effective May 1, 2010
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Domestic Funds
Annual Fee Based Upon
Average Net Assets Per
Fund*
[ ] basis points on the first $[ ] million
[ ] basis points on the next $[ ] million
[ ] basis points on the
balance
Minimum annual fee:
$[ ] Intrepid Capital Fund (Multi
Class)
$[ ] Intrepid Small Cap Fund (Multi
Class)
$[ ] Intrepid Income Fund
$[ ] Intrepid All Cap Fund
Fees are billed monthly.
* Subject to CPI increase, Milwaukee MSA.
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Out-Of-Pocket Expenses
Including but not limited to postage, stationary, programming,
special reports, third-party data provider costs, proxies, insurance,
XXXXX filing, retention of records, federal and state regulatory filing
fees, expenses from board of directors meetings, third party auditing and
legal expenses, Section 15(c) reporting, wash sales reporting
(GainsKeeper), and conversion expenses (if necessary).
Additional Services
Available but not included are the following services- USBFS
legal administration (e.g., registration statement update), daily
performance reporting, daily compliance testing (Xxxxxxx River),
electronic board materials, and additional services mutually agreed
upon.
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Exhibit
B (continued)
to
the Fund Administration Servicing Agreement – Intrepid Capital
Services
CHIEF COMPLIANCE OFFICER
SUPPORT SERVICES at May 1, 2010
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Chief Compliance Officer Support Services
U.S, Bancorp provides support to the Chief Compliance Officer
(CCO) of each fund serviced either by U.S. Bancorp Fund Services, LLC or
Quasar Distributors, LLC. Indicated below are samples of
functions performed by USBFS in this CCO support role:
• Business Line Functions Supported
• Fund Administration and Compliance
• Transfer Agent and Shareholder Services
• Fund Accounting
• Custody
Services
• Securities Lending
Services
• Distribution
Services
• CCO Portal – Web On-line Access to Fund CCO
Documents
• Daily Resource to Fund CCO, Fund Board,
Advisor
• Provide USBFS/USB Critical Procedures & Compliance
Controls
• Daily and Periodic Reporting
• Periodic
CCO Conference Calls
• Dissemination of
Industry/Regulatory Information
• Client & Business Line CCO Education &
Training
• Due Diligence Review of USBFS Service
Facilities
• Quarterly USBFS Certification
• Board Meeting Presentation and Board
Support
• Testing, Documentation, Reporting
Annual Fee Schedule*
• $[ ] per service per year
Fees are billed monthly.
*Subject to annual CPI increase, Milwaukee
MSA.
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