AMENDMENT
To Transfer Agency and Service Agreement
Between
Xxxxxxxxx Global Funds
and
State Street Bank and Trust Company
This Amendment is made as of this 1st day of July 2006 (the "Amendment"),
between Xxxxxxxxx Global Funds and State Street Bank and Trust Company. In
accordance with Section 15.1 (Amendment) of the Transfer Agency and Service
Agreement between Xxxxxxxxx Global Funds and State Street Bank and Trust Company
dated as of September 1, 2001, (the "Agreement") the parties desire to amend the
Agreement as set forth herein.
NOW THEREFORE, the parties agree as follows:
1. Schedule 3.1. Schedule 3.1 to the Agreement dated January 1, 2003 through
December 31, 2006 is replaced and superseded with Schedule 3.1 attached hereto
and dated July 1, 2006 through December 31, 2006;
2. All defined terms and definitions in the Agreement shall be the same in this
amendment except as specifically revised by this Amendment;
3. Except as specifically set forth in this Amendment, all other terms and
conditions of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
in their names and on their behalf by and through their duly authorized
officers, as of the day and year first above written.
XXXXXXXXX GLOBAL FUNDS STATE STREET BANK AND TRUST COMPANY
BY: /s/ Xxxxx X. Xxxx BY: /s/ Xxxxxx X. Xxxxxx
------------------ --------------------
NAME: Xxxxx X. Xxxx Xxxxxx X. Xxxxxx
------------- Executive Vice President
TITLE: Vice President
SCHEDULE 3.1
FEES
Effective July 1, 2006 Through December 31, 2006
Annual Account Service Fees*: Fees are billable on a monthly basis at the rate
of 1/12 of the annual fee. A charge is made for an account in the month that an
account opens or closes. Account service fees are the higher of: open account
charges plus closed account charges or the complex minimum. ALL FEES SUBJECT TO
AN ANNUAL COMPLEX MINIMUM OF $441,000.
Open Account Fee $ 16.53
Closed Account Fee $ 2.20
Base Fee 1-15 CUSIPS Included in Complex Fee
Each Additional CUSIP** over 15 $12,500.00/CUSIP
* The Annual Account Service Fees shall be subject to a 5% increase each
September 1st.
** Each Fund/Class is considered a separate CUSIP with the exception of the
Daily Assets Cash Fund (a separate series of Monarch Funds) that shall be
considered a single CUSIP.
Activity Based Fees
New Account Set-up $ 4.50/each
NSCC New Account Set-up $ 1.50/each
Manual Transactions $ 2.00/each
Telephone Calls+- $ 2.50/minute
Correspondence $ 5.00/each
ACH $ .50
+- Excludes calls received from 6:00-8:00 PM, fees for such calls shall be
5.00/each
XXX Custodial Fees
------------------
Annual Maintenance $ 13.00/Account
Other Fees
----------
Annual Anti-Money Laundering Support Fee+-+- $.15/Non-networked Account
+-+- $200.00 Minimum monthly charge
Out-of-Pocket Expenses Billed as incurred
----------------------
Out-of-Pocket expenses include but are not limited to: confirmation statements,
investor statements, postage, forms, audio response, banking, telephone, records
retention, customized programming/enhancements, federal wire, transcripts,
microfilm, microfiche, and expenses incurred at the specific direction of the
Fund.
XXXXXXXXX GLOBAL FUNDS STATE STREET BANK AND TRUST COMPANY
BY: /s/ Xxxxx X. Xxxx BY: /s/ Xxxxxx X. Xxxxxx
------------------ --------------------
Xxxxxx X. Xxxxxx
NAME: Xxxxx X. Xxxx Executive Vice President
-------------
TITLE: Vice President
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