TRANSFER AGENCY SERVICE AGREEMENT Schedule A FUNDS TO BE SERVICED Jacobs & Company Mutual Fund Abacus Value Fund The Rational Investor Fund The Biondo Fund Critical Math Fund This schedule was amended on December 19, 2005 to add The Biondo and...
TRANSFER AGENCY SERVICE AGREEMENT
Schedule A
FUNDS TO BE SERVICED
Jacobs & Company Mutual Fund
Abacus Value Fund
The Rational Investor Fund
The Xxxxxx Fund
Critical Math Fund
This schedule was amended on December 19, 2005 to add The Xxxxxx and Critical Math Funds.
TRANSFER AGENCY SERVICE AGREEMENT
Schedule B-5
CRITICAL MATH FUND
FEES AND EXPENSES
For the services rendered by GFS, in its capacity as transfer agent to the Fund, the Fund shall pay to GFS, the following transfer agent fees, out-of-pocket expenses, activity charges, and special reports charges, which shall be billed to the Fund monthly:
1. TRANSFER AGENT FEES
2. DATA CONVERSION FEE FROM PREVIOUS TRANSFER AGENT: No Charge.
3. SERVICE FEE:
The greater of the annual minimum or the per account charges:
Annual Minimum: $15,000 per class
or
Per Account Charges: $14.00 annual fee per account, plus $2.00 per closed account
Monthly Calculation: The greater of the Monthly Minimum Fee or the number of shareholder accounts multiplied by $14.00 and $2.00 for open and closed accounts, respectively.
THE ABOVE FEES ARE SUBJECT TO THE FOLLOWING DISCOUNTS:
20% discount of service fees in first year
15% discount of service fees in second year
10% discount for all future years
The Fund shall reimburse GFS for all out-of-pocket expenses, including but not limited to the following:
o Telephone and Toll Free Lines
o Printing Fund Documents
o Bank Fees
o NSCC Charges
o Postage
o Pre and Post Sale Fulfillment
o Proxy Services
o Travel Requested by the Trust, on behalf of the Fund
o Tax Reporting
o Record Storage
o Fund Stationery and Supplies
o Pro rata portion of annual SAS 70 review
o All other out-of-pocket expenses incurred on behalf of the Fund
TRANSFER AGENCY SERVICE AGREEMENT
Schedule B-5
CRITICAL MATH FUND
FEES AND EXPENSES
4. DATA DE-CONVERSION FEE:
A one-time Data De-Conversion fee of $10,000 shall be charged upon a cancellation or termination of this Agreement by the Trust for any reason other than liquidation of the Funds. No fee shall be payable upon a cancellation or termination by GFS.
5. ACTIVITY CHARGES
6. GENERAL ACTIVITY CHARGES:
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· 24 Hour Automated Voice Response: · Initial set-up (one-time) charge: · Monthly charge · Customer Service Calls: · Manual Transactions: · New Account Opening: (manual) · New Account Opening: (electronic) · Incoming IRA Transfer from prior custodian: · IRA Transfer to successor custodian:
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$750.00 per fund $ 50.00 per fund $ 2.50 per call $ 1.00 per transaction $ 2.50 per account $ 0.40 per account $ 25.00 $ 25.00
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Bank Charges (Pass Through Charges):
Annual Charge for maintaining a DDA Account on a bank system equals $200.00 per DDA Account.
Transfer Agency wire from mutual funds DDA Accounts to Custodian Bank equals $5.25 per wire.
Bank charges are subject to change since they are a pass through charge from a bank, which is a separate institution from Gemini Fund Services.
1. INTERNET ACCESS:
Each Shareholder/Adviser/Xxxxxx hit billed at $0.15 per hit. Initial fund group setup charges will be based on the number of hours multiplied by the hourly charges indicated below under Special Reports Charges.
TRANSFER AGENCY SERVICE AGREEMENT
Schedule B-5
CRITICAL MATH FUND
FEES AND EXPENSES
Additional Internet Functionality includes:
- Electronic delivery of financial statements such as semi-annual and annual reports and shareholder prospectuses $0.15 per occurrence per item.
- Electronic delivery of shareholder confirms and statements $0.15 per occurrence per item.
- Electronic subsequent purchases and redemptions via the internet $0.15 per occurrence.
- Access to Gemini Fund Services E-Form, which is an on-line application for new shareholders. The E-Form can be filled out on-line, but will require the new shareholder to print, sign and mail into Gemini Fund Services.
- E-Signature functionality will be provided.
1. IRA PLAN FEES:
The following fees will be charged directly to the shareholder account:
Annual maintenance fee ………………………………$15.00 / account*
*Includes an $8.00 Bank Custody Fee.
9. SPECIAL REPORTS CHARGES
All special reports and/or analyses requested by the Trust, on behalf of the Fund, shall be subject to an additional charge, agreed upon in advance, based upon the following rates:
GFS Senior Staff ………….$150.00 / hour
GFS Junior Staff …………..$ 75.00 / hour
MIS Staff ………………….$200.00 / hour
IN WITNESS WHEREOF, the parties hereto have executed this Addendum to the Transfer Agency and Service Agreement dated May 19, 2005, this 19th day of December, 2005.
NORTHERN LIGHTS FUND TRUST GEMINI FUND SERVICES, LLC
By:/s/ Xxxxxxx X. Xxxxxx______________ By:_/s/ Xxxxxx Xxxxxx_______________________
Xxxxxxx X. Xxxxxx, President Xxxxxx Xxxxxx, Senior Vice President
