ADMINISTRATION AGREEMENT
This Administration Agreement is made this ____ day of ___________, 19___,
by and between INGENUITY CAPITAL TRUST, a Delaware business trust (the "Trust"),
and INGENUITY CAPITAL MANAGEMENT, LLC, a Delaware limited liability corporation
(the "Administrator").
WITNESSETH:
WHEREAS, the Trust is engaged in business as a non-diversified open-end
management investment company and is to be registered as such under the
Investment Company Act of 1940, as amended (the "Act") ; and WHEREAS, the
Administrator is engaged in the business of rendering administrative and
supervisory services to investment companies; and WHEREAS, the Trust desires to
retain the Administrator to render supervisory and corporate administrative
services to The Medical Specialists Fund (the "Fund") in the manner and on the
terms hereinafter set forth;
NOW, THEREFORE, in consideration of the premises and the terms and
provisions hereinafter set forth, the parties hereto agree as follows:
1.Employment of the Administrator. The Trust hereby employs the
Administrator to administer the affairs of the Fund subject to the direction of
the Board of Trustees and the officers of the Trust, for the period and on the
terms hereinafter set forth. The Administrator hereby accepts such employment
and agrees during such period to render the services and to assume the
obligations herein set forth for the compensation herein provided. The
Administrator shall for all purposes herein be deemed to be an independent
contractor and, except as expressly provided or authorized (whether herein or
otherwise), shall have no authority to act for or represent the Fund in any way
or otherwise be deemed an agent of the Fund.
2. Obligations of the Administrator. The Administrator, at its expense,
shall supply the Board of Trustees and officers of the Trust with all
statistical information and reports reasonably required by it and reasonably
available to the Administrator and furnish the Fund with office facilities,
including space, furniture and equipment and all personnel reasonably necessary
for the operation of the Fund. The Administrator shall oversee the maintenance
of all books and records with respect to the Fund's securities transactions and
the Fund's book of account in accordance with all applicable federal and state
laws and regulations. In compliance with the requirements of Rule 31a-3 under
the Act, the Administrator hereby agrees that any records which it maintains for
the Fund are the property of the Fund and further agrees to surrender promptly
to the Fund any of such records upon the Fund's request. The Administrator
further agrees to arrange for the preservation of the records required to be
maintained by Rule 31a-1 under the Act for the periods prescribed by Rule 31a-2
under the Act.
ADMINISTRATION AGREEMENT
This Administration Agreement is made this ____ day of ___________,
19___, by and between INGENUITY CAPITAL TRUST, a Delaware business trust (the
"Trust"), and INGENUITY CAPITAL MANAGEMENT, LLC, a Delaware limited liability
corporation (the "Administrator").
WITNESSETH:
WHEREAS, the Trust is engaged in business as a non-diversified open-end
management investment company and is to be registered as such under the
Investment Company Act of 1940, as amended (the "Act") ; and
WHEREAS, the Administrator is engaged in the business of rendering
administrative and supervisory services to investment companies; and
WHEREAS, the Trust desires to retain the Administrator to render
supervisory and corporate administrative services to The Medical Specialists
Fund (the "Fund") in the manner and on the terms hereinafter set forth;
NOW, THEREFORE, in consideration of the premises and the terms and
provisions hereinafter set forth, the parties hereto agree as follows:
1.Employment of the Administrator. The Trust hereby employs the
Administrator to administer the affairs of the Fund subject to the direction of
the Board of Trustees and the officers of the Trust, for the period and on the
terms hereinafter set forth. The Administrator hereby accepts such employment
and agrees during such period to render the services and to assume the
obligations herein set forth for the compensation herein provided. The
Administrator shall for all purposes herein be deemed to be an independent
contractor and, except as expressly provided or authorized (whether herein or
otherwise), shall have no authority to act for or represent the Fund in any way
or otherwise be deemed an agent of the Fund.
2. Obligations of the Administrator. The Administrator, at its expense,
shall supply the Board of Trustees and officers of the Trust with all
statistical information and reports reasonably required by it and reasonably
available to the Administrator and furnish the Fund with office facilities,
including space, furniture and equipment and all personnel reasonably necessary
for the operation of the Fund. The Administrator shall oversee the maintenance
of all books and records with respect to the Fund's securities transactions and
the Fund's book of account in accordance with all applicable federal and state
laws and regulations. In compliance with the requirements of Rule 31a-3 under
the Act, the Administrator hereby agrees that any records which it maintains for
the Fund are the property of the Fund and further agrees to surrender promptly
to the Fund any of such records upon the Fund's request. The Administrator
further agrees to arrange for the preservation of the records required to be
maintained by Rule 31a-1 under the Act for the periods prescribed by Rule 31a-2
under the Act.
INGENUITY CAPITAL TRUST
By:____________________________
Xxxxxx Xxxx, Chairman
INGENUITY CAPITAL MANAGEMENT, LLC.
By: ____________________________
Xxxxxxxx Xxx, President
