BRAZOS MUTUAL FUNDS AMENDMENT TO FUND ACCOUNTING SERVICING AGREEMENT
AMENDMENT
TO FUND ACCOUNTING SERVICING AGREEMENT
THIS
AMENDMENT dated as of the 10th day
of July, 2008, to the Fund Accounting Servicing Agreement, dated as
of August 1, 2005, as amended February 10, 2006 (the “Fund Accounting
Agreement”), is entered into by and between BRAZOS MUTUAL FUNDS,
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 a Fund Accounting Agreement; and
WHEREAS, the parties desire to
amend the fees of said Fund Accounting Agreement; and
WHEREAS, Section 15 of the
Fund Accounting Agreement allows for its amendment by written agreement executed
by the parties; and
NOW THEREFORE, the parties
agree to amend the following:
Exhibit B
of the Fund Accounting Agreement is hereby superseded and replaced with Exhibit
B attached hereto.
Except to
the extent amended hereby, the Fund Accounting Agreement shall remain in full
force and effect.
IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be executed by a duly authorized
officer on one or more counterparts as of the date and year first written
above.
| BRAZOS MUTUAL FUNDS | U.S BANCORP FUND SERVICES, LLC | |
| By: /s/ Xxxxxxxx X. Xxxx, Xx. | By: /s/ Xxxxxxx X. XxXxx | |
| Name: Xxxxxxxx X. Xxxx, Xx. | Name: Xxxxxxx X. XxXxx | |
| Title: President | Title: Executive Vice President |
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Exhibit
B to the Fund Accounting Agreement – Brazos Mutual
Funds
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BRAZOS
MUTUAL FUNDS - FUND ACCOUNTING SERVICES
FEE
SCHEDULE - Effective
6-1-08 through 6-1-10
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Brazos Micro
Cap Fund 2 classes*
$_____
for the first $_____
____
basis point on the next $____
____
basis point on the balance
**____
% Continue discount for a period of 1 year 6/2008 –
6/2009.
**____
% discount for year 7/2009 – 6/2010**
**
No discount applied after June 2010**
Brazos Small
Cap Fund 2 classes*
$_____
for the first $_____
_____
basis points on the next $____
_____
basis point on the balance
**____
% Continue discount for a period of
1
year 6/2008 – 6/2009.
**____%
discount for year 7/2009 – 6/2010**
**
No discount applied after June 2010**
Brazos Mid
Cap Fund 2 classes*
$_____
for the first $_____
_____
basis points on the next $_____
_____
basis point on the balance
**____
% Continue discount for a period of
1
year 6/2008 – 6/2009.
**____%
discount for year 7/2009 – 6/2010**
**
No discount applied after June 2010**
Brazos Growth
Fund 2 classes*
$_____
for the first $_____
_____
basis points on the next $_____
_____
basis point on the balance
**____
% Continue discount for a period of
1
year 6/2008 – 6/2009.
**____%
discount for year 7/2009 – 6/2010**
**
No discount applied after June 2010**
Fees
are billed monthly.
*
Annual fee
.
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Multiple
Classes*
____%
increase per additional class regarding minimums has been reduced. ____%
increase per additional class will remain in effect for basis point
fees.
Master/Feeder
Funds*
Priced
separately.
Multiple Manager Funds*
Additional
base fee:
$_____
per manager/sub-advisor per fund
Conversion
and extraordinary services quoted separately.
NOTE
– All schedules subject to change depending upon the use of derivatives –
options, futures, short sales, etc.
All
fees are billed monthly plus out-of-pocket expenses, including pricing,
corporate action, and factor services:
· $____ Domestic
and Canadian Equities
· $____ Options
· $____ Corp/Gov/Agency
Bonds
· $____ CMO's
· $____ International
Equities and Bonds
· $____ Municipal
Bonds
· $____ Money
Market Instruments
· $____ /fund/month
- Mutual Fund Pricing
· $____ /equity
Security/Month Corporate Actions
· $____ /month
Manual Security Pricing (>10/day)
· Factor
Services (BondBuyer)
· $____
/CMO/month
· $____
/Mortgage Backed/month
· $____ /month Minimum Per Fund
Group
ReportSource
- $____ /month – Web
reporting
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Exhibit B
(continued) to the Fund Accounting Agreement
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Chief
Compliance Officer
Support
Services
FEE
SCHEDULE
Effective
6-1-08 through 6-1-10
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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
• 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 line per year
**____%
discount for the first year
Fees
are billed monthly.
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