AMENDMENT TO JOHN HANCOCK CLOSED END FUNDS SERVICE AGREEMENT FOR TRANSFER AGENT SERVICES
AMENDMENT TO
XXXX XXXXXXX CLOSED END FUNDS
SERVICE AGREEMENT
FOR
TRANSFER AGENT SERVICES
1
THIS AMENDMENT (this “Amendment”) dated April 6, 2011 to the Service Agreement for Transfer Agent Services dated June 1, 2002, as amended (the “Agreement”), is entered into between Mellon Investor Services LLC, a New Jersey limited liability company (“Mellon”), and Xxxx Xxxxxxx Hedged Equity & Income Fund, a Massachusetts Business Trust ( “Client”).
WHEREAS, Mellon and the Client are entering into this Amendment for the purpose of adding Xxxx Xxxxxxx Hedged Equity & Income Fund to the Agreement, pursuant to which Mellon will provide transfer agent and related services to Client. Capitalized terms used herein, but not otherwise defined herein, shall have the meanings set forth in the Agreement.
WHEREAS, Mellon and Client desire to amend the Agreement as provided in this Amendment.
NOW THEREFORE, in consideration of the mutual conditions and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
| 1. | Amendments to Agreement. |
| (a) | the Agreement is hereby amended to add Xxxx Xxxxxxx Hedged Equity & Income Fund; |
| (b) | Exhibit D is hereby amended to include the attached. |
| 2. | Term of the Amendment. This amendment shall become effective upon due execution and delivery by both parties hereto, and shall remain in effect for so long as the Agreement shall remain in effect. |
| 3. | Ratification. Except as expressly set forth herein, the Agreement is not modified hereby and shall remain in full force and effect in accordance with the respective provisions thereof and is in all respects ratified and affirmed. |
| 4. | Partial Invalidity. If any provision of this Amendment is held to be invalid or unenforceable, such invalidity or unenforceability shall not invalidate this Amendment as a whole, but this Amendment shall be construed as though it did not contain the particular provision held to be invalid or unenforceable and the rights and obligations of the parties shall be construed and enforced only to such extent as shall be permitted by applicable law. |
| 5. | Counterparts. This Amendment may be executed in two or more counterparts, each of which, when executed and delivered, shall be deemed an original for all purposes, but all of which together shall constitute one and the same instrument. |
2
IN WITNESS WHEREOF, Mellon and Client have caused these presents to be duly executed as of the day and year first above written.
| MELLON INVESTOR SERVICES LLC | ||
| By: | /s/ Xxxxxx XxXxxxxx | |
| Name: | Xxxxxx XxXxxxxx | |
| Title: | Relationship Manager | |
| XXXX XXXXXXX HEDGED EQUITY & INCOME FUND | ||
| By: | /s/ Xxxxxxx X. Xxxxx | |
| Name: | Xxxxxxx X. Xxxxx | |
| Title: | Chief Financial Officer | |
3
Exhibit D
STOCK TRANSFER FEE SCHEDULE
The following schedule is intended to be a comprehensive summary of the fees associated with this proposal. The pricing as listed below is valid for ninety days from the date of submission or until “date”. Fees are not subject to increase during the initial term.
| Initial Term of Agreement: |
Two (2) Years1 | |
| Fees Not Subject to Increase |
Two (2) Years |
Administration & Account Maintenance
Mellon will assign a Client Service Manager to consult with Client on all facets of stock transfer administration, including, but not limited to, securities regulations, transfer requirements, structuring of annual meetings, stock option exercises, cash and stock dividends, etc.
Monthly OFAC Reporting is included in the monthly administration and accounts maintenance fees listed below.
| Fund Name |
Administration
& Account Maintenance (per month) 2010-2011 |
Administration
& Account Maintenance (per month) 2011-2012 |
||||||
| Xxxx Xxxxxxx Hedged Equity & Income Fund |
$ | 1,750.00 | $ | 2,000.00 | ||||
The Administration and Account Maintenance fees cover all of the services and are subject to the allowances listed below.
| 1 | Subject to Section 2(a) of the Agreement |
Stock Transfer
Fee Schedule – Page 1
| Fee | Hedged Equity & Income |
|||||||
| No. of Active Accounts Maintained |
$ | 2.50/Year | 500 | |||||
| No. of Inactive Accounts |
|
40% of Active A/CFee |
|
250 | ||||
| No. of Dividend Reinvestment Accounts Maintained |
$ | 4.00 | 100 | |||||
| No. of Dividends processed per year |
12 | |||||||
| No. of Legal Review Items Processed |
$ | 50.00 | 25 | |||||
| No. of Certificates Issued & Book Entry Credits |
Unlimited | |||||||
| No. of Certificates Cancelled & Book Entry Debits |
Unlimited | |||||||
| No. of Additional Mailings per Year (including one enclosure) |
See Below | 1 | ||||||
| No. of Reports, Analyses, Lists, or Labels |
See Below | 6 | ||||||
| No. of Inspectors of Election |
$ | 1,500.00 | 1 | |||||
| No. of Respondent Bank Omnibus Proxies |
$ | 150.00 | 15 | |||||
| No. of S/H Telephone Calls Handled by IVR System (d) |
Unlimited | |||||||
| (a) | IVR = Interactive Voice Response; CSR = Customer Service Representative |
| (b) | ISD transactions are defined as any shareholder transaction initiated through ISD, including, but not limited to, share sales or purchases, duplicate statement or tax form requests, address or pin changes, account changes or updates and certificate requests. |
| No. of S/H Telephone Calls Handled by IVR System (d) |
Included | Unlimited | ||||||
| No. of S/H Telephone Calls Transferred from IVR to CSR (d) |
$ | 5.25 | 310 | |||||
| No. of Correspondence Items Responding to S/H Inquiries |
$ | 15.00 | 53 | |||||
| No. of Investor ServiceDirect® Transactions (e) |
Included | Unlimited | ||||||
| Fee | Hedged Equity & Income Fund |
|||||||
| No. of State Mandated Due Diligence Mailings for Lost Property |
$ $ |
3 per a/c 250 min. |
|
25 | ||||
| No. of SEC Mandated Lost S/H Database Searches |
$ $ |
2.50 per a/c 250 min |
|
25 | ||||
Stock Transfer
Fee Schedule – Page 2
