FRONTIER FUNDS, INC. ADDENDUM TO THE FUND ADMINISTRATION SERVICING AGREEMENT
Exhibit (h.5)
ADDENDUM TO THE
FUND ADMINISTRATION SERVICING AGREEMENT
This Addendum (the “Addendum”) to the Fund Administration Servicing Agreement, dated as of October 31, 2014, (the “Agreement”) is made and entered into as of the last day written on the signature page by and between Frontier Funds, Inc. (the “Company”) and U.S. Bancorp Fund Services, LLC d/b/a U.S. Bank Global Fund Services (“USBGFS”).
WHEREAS, the Company and USBGFS desire to modify the Agreement to add an additional optional service and the fees associated therewith; and
WHEREAS, all defined terms used but not otherwise defined herein shall have the meanings assigned to them in the Agreement.
NOW, THEREFORE, the parties agree as follows:
| 1. | Services. USBGFS shall provide one of the following supplemental digital board services to the Company (the “Digital Board Services”) as the Company may elect as described below: |
| A. | Comprehensive Digital Services |
| i. | Full access to the premium version of Diligent’s board portal, including compilation and distribution of all board materials by USBGFS. |
| B. | Light Digital Offering |
| i. | Compilation of all board materials by USBGFS into a PDF stored on a OneDrive site to be accessed by the Company’s Board participants. |
| 2. | Compensation. The Company shall pay to USBGFS fees for the Digital Board Services selected in accordance with the fee schedules as follows: |
| A. | Comprehensive Digital Services |
| Comprehensive Digital Services |
[fee information omitted]
| B. | Light Digital Offering |
| Light Digital Offering |
[fee information omitted]
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| 3. | Selection of Services. |
| A. | Comprehensive Digital Services. The selection of Comprehensive Digital Services shall be binding on the Company for one year. Following any one year period of Comprehensive Digital Services the Company may select (i) Comprehensive Digital Services for an additional one year period, (ii) the Light Digital Offering, or (iii) only the basic board services provided under the Agreement. |
| B. | Light Digital Offering. The selection of the Light Digital Offering shall be binding on the Company for one quarter. Following any quarter for which the Company has selected the Light Digital Offering the Company may select (i) Comprehensive Digital Services, (ii) the Light Digital Offering for an additional quarter, or (iii) only the basic board services provided under the Agreement. |
| 4. | Third-Party Vendors. |
| A. | The Comprehensive Digital Services are reliant upon services provided by Diligent as a third-party vendor to USBGFS, and if USBGFS shall cease to have access to the Diligent services for any reason the obligations of the parties hereto with respect to the Comprehensive Digital Services shall immediately terminate without further liability. |
| B. | The Company agrees that it shall, and it shall cause its Board participants and other users to, comply with all laws, rules, and regulations, including, without limitation, any terms of use established by Diligent, applicable to the use of the services and the access to any Diligent portals or electronic sites. |
| C. | The Company agrees that USBGFS shall not be responsible or liable for any actions or inactions of Diligent or any other third-party vendor, for any lack of access to any Diligent portal or other electronic site, or for any errors, data loss, or other cyber-security event by Diligent, at or through a Diligent maintained electronic site, or at any other third-party vendor. |
| D. | USBGFS MAKES NO WARRANTIES OR REPRESENTATIONS, EXPRESSED OR IMPLIED, WITH RESPECT TO THE ACCURACY, COMPLETENESS, OR SUFFICIENCY OF ANY DATA OR OTHER INFORMATION PROVIDED THROUGH THE DILIGENT PORTALS, ANY DILIGENT ELECTRONIC SITE, OR OTHERWISE THROUGH THE COMPREHENSIVE DIGITAL SERVICES OR THE LIGHT DIGITAL OFFERING. |
| 5. | Applicability and Effectiveness of Agreement. The Agreement, except as explicitly amended or supplemented hereby, shall continue in full force and effect and all terms thereof shall apply to the services provided hereunder and to the rights and responsibilities of the parties hereto with respect to such services. |
SIGNATURE PAGE FOLLOWS
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IN WITNESS WHEREOF, the parties hereto have executed this Addendum to the Fund Administration Servicing Agreement as of the date last written below by the undersigned duly authorized representatives.
| Frontier Funds, Inc. | U.S. BANCORP FUND SERVICES, LLC | |||
| By: | /s/ Xxxxx Xxxxxxxx | By: | /s/ Xxxxx Xxxxxx | |
| Name: | Xxxxx Xxxxxxxx | Name: | Xxxxx Xxxxxx | |
| Title: | CCO and Treasurer | Title: | Senior Vice President | |
| Date: | May 20, 2024 | Date: | May 30, 2024 | |
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