THE JENSEN PORTFOLIO, INC. AMENDMENT TO THE AMENDED AND RESTATED FUND ADMINISTRATION SERVICING AGREEMENT
THE
XXXXXX PORTFOLIO, INC.
AMENDMENT
TO THE
AMENDED
AND RESTATED FUND ADMINISTRATION SERVICING AGREEMENT
THIS
AMENDMENT dated
as
of this 27 day of July, 2006, to the Amended and Restated Fund Administration
Servicing Agreement dated as of July 28, 2004, (the “Agreement”), is entered by
and between The
Xxxxxx Portfolio, Inc., an
Oregon
corporation (the “Company”) and U.S.
Bancorp Fund Services, LLC, a
Wisconsin limited liability company (“USBFS”).
RECITALS
WHEREAS,
the
parties have entered into an Amended and Restated Fund Administration Servicing
Agreement; and
WHEREAS,
the
Company and USBFS desire to amend said Agreement; and
WHEREAS,
Section
6
of the Agreement allows for its amendment by a written instrument executed
by
both parties.
NOW,
THEREFORE, the
parties agree as follows:
Exhibit
A, the fee schedule of the Agreement, effective August 1, 2006, is hereby
superseded and replaced with the fee schedule attached hereto.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 Amendment to be executed
by
a duly authorized officer on one or more counterparts as of the day and year
first written above.
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THE
XXXXXX PORTFOLIO, INC.
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U.S.
BANCORP FUND SERVICES, LLC
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By:
/s/Xxxx
Xxxxxx
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By:
/s/Xxxxxxx
XxXxx
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Name:
Xxxx
Xxxxxx
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Name:
Xxxxxxx
XxXxx
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Title:
President
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Title:
Senior Vice
President
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1
Exhibit
A
to the Amended and Restated Fund Administration Agreement
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The
Xxxxxx Portfolio, Inc.
FUND
ADMINISTRATION SERVICES
ANNUAL
FEE SCHEDULE effective 8/1/2006
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Annual
fee based upon assets per fund*
5.5
basis points on the first $100 million
4.5
basis points on the next $400 million
3.75
basis points on the next $1 billion
3.25
basis points on the next $1 billion
2.75
basis points on the balance
Minimum
annual fee: $30,000 first fund
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Extraordinary
services - quoted separately
Plus
out-of-pocket expenses, including but not limited to:
Postage,
Stationery
Programming,
Special Reports
Proxies,
Insurance
XXXXX
filing
Retention
of records
Federal
and state regulatory filing fees
Certain
insurance premiums
Expenses
from board of directors meetings
Auditing
and legal expenses
Blue
Sky conversion expenses (if necessary)
All
other out-of-pocket expenses
*Fees
are billed
monthly.
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2
Exhibit
A
Fee Schedule (continued) for the
Amended
and Restated Fund Administration Servicing Agreement - The Xxxxxx Portfolio,
Inc.
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CHIEF
COMPLIANCE OFFICER
SUPPORT
SERVICES
FEE
SCHEDULE effective 8/1/06
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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
• Securities Lending Services
• Distribution Services
· 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*
·
$1,200 per service per year
Fees
are billed monthly.
*Subject
to annual CPI increase, Milwaukee
MSA.
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