AIP ALTERNATIVE STRATEGIES FUNDS SECOND AMENDMENT TO THE TRANSFER AGENT SERVICING AGREEMENT
AIP
ALTERNATIVE STRATEGIES FUNDS
SECOND
AMENDMENT TO THE
THIS SECOND AMENDMENT
effective as of November 1, 2009, to the Transfer Agent Servicing Agreement,
dated as of September 6, 2002, as amended April 28, 2006 (the "Agreement"), is
entered into by and among HATTERAS ALTERNATIVE
MUTUAL FUNDS, LLC, f/k/a ALTERNATIVE INVESTMENT PARTNERS, LLC, a Delaware
limited liability company (the “Adviser”), AIP ALTERNATIVE STRATEGIES
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 the Agreement; and
WHEREAS, the Adviser, the
Trust and USBFS desire to amend the Agreement; and
WHEREAS, Section 6 of the
Agreement allows for its amendment by a written instrument executed by all
parties.
NOW, THEREFORE, the parties
agree as follows:
Exhibit A
is hereby superseded and replaced with Exhibit A attached hereto.
Exhibit B
is hereby superseded and replaced with Exhibit B attached hereto.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 Second Amendment to be executed by a duly
authorized officer on one or more counterparts as of the date and year first
written above.
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HATTERAS ALTERNATIVE MUTUAL
FUNDS, LLC
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U.S.
BANCORP FUND SERVICES, LLC
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By:
/s/ J. Xxxxxxx
Xxxxxx
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By:
/s/ Xxxxxxx X.
XxXxx
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Printed
Name: J. Xxxxxxx Xxxxxx
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Printed
Name: Xxxxxxx X. XxXxx
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Title: COO
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Title:
Executive Vice President
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AIP
ALTERNATIVE STRATEGIES FUNDS
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By:
/s/ J. Xxxxxxx
Xxxxxx
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Printed
Name: J. Xxxxxxx Xxxxxx
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Title: Secretary
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1
Exhibit
A
to
the AIP Alternative Strategies Funds
Separate
Series of AIP Alternative Strategies Funds
Name of
Series
Alpha
Hedged Strategies Fund - No Load Class and Class C
Beta
Hedged Strategies Fund – No Load Class and Class C
2
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Exhibit B to the Transfer Agent Servicing
Agreement
AIP Alternative Strategies
Funds
ACCOUNT SERVICES FEE SCHEDULE - Effective
November 1, 2009
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Annual Service Charges to the
Fund Note
1
§ Base
Fee Per
CUSIP $[__]
/year
§ NSCC
Level 3
Accounts $[__]
/open account
§ No-Load
Fund
Accounts $[__]
/open account
§ Load
Fund
Accounts $[__]
/open account
§ Closed
Accounts $[__]
/closed account
Activity
Charges Note
1
§ Manual
Shareholder Transaction$[__] /transaction
§ Omnibus
Account Transaction $[__] /transaction
§ Correspondence
$[__] /item
§ Telephone
Calls
$[__] /minute
§ Voice
Response
Calls
$[__] /call
Implementation Charges
§ Subsequent
CUSIPs $[__]
/each additional CUSIP
Additional
Services*Note 1,
2
§ $[__] /year
Chief Compliance Officer
Support
USBFS
provides on-going support to the fund’s CCO’s including:
§ Daily
consulting and responding to inquiries and requests
§ Periodic
reporting and conference calls with all CCO’s
§ Periodic
forums for USBFS CCO to meet with client CCO’s
§ Quarterly
certifications and reporting on procedures and compliance
events
§ Access
to CCO portal
CLIENT Web DATA
ACCESS*
USBFS
client on-line access to fund data through USBFS technology applications
and data delivery and security software.
§ Access
to the following systems included:
− ReportSource
– Mainframe T/A Report Library
− FundSource
– Comprehensive Fund Information
* Note – Access for up to three
users. Additional users priced separately.
Dealer Reclaim Services
– Services reclaim fund losses due to the pricing differences for dealer
trade adjustments such as between dealer placed trades and
cancellations. There will be no correspondence charges related
to this service.
Out-Of-Pocket
Expenses
Including
but not limited to telephone toll-free lines, call transfers, mailing,
sorting and postage, stationery, envelopes, programming, service/data
conversion, AML verification services, special reports, insurance, record
retention, processing of literature fulfillment kits, microfilm,
microfiche, proxies, proxy services, lost shareholder search, disaster
recovery charges, ACH fees, Fed wire charges, NSCC charges, data
communication and implementation charges, travel, training, and all other
out-of-pocket expenses.
Additional
Services
Available
but not included above are the following services - Expedited
CUSIP setup, FAN Web shareholder e-commerce, MARS, Vision intermediary
e-commerce, FAN Mail electronic data delivery, sales reporting data
warehouse, investor e-mail services, literature fulfillment, lead
conversion reporting, 12b-1 aging, Same Day Cash Flow System, and
Short-Term Trader reporting.
Conversion
and extraordinary services quoted separately.
Note 1: Fees
are billed monthly. Subject to annual CPI increase, Milwaukee
MSA
Note
2: Additional services include Chief Compliance Officer
Support, Client Web Data Access and Dealer Reclaim
Services
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