THE JENSEN PORTFOLIO, INC. AMENDMENT TO THE AMENDED AND RESTATED CUSTODY AGREEMENT
THE
XXXXXX PORTFOLIO, INC.
AMENDMENT
TO THE
AMENDED
AND RESTATED CUSTODY AGREEMENT
THIS
AMENDMENT dated
as
of this 27 day of July, 2006, to the Amended and Restated Custody Agreement
dated July 1, 2005 (the “Agreement”), is entered by and between The
Xxxxxx Portfolio, Inc., an
Oregon
corporation (the “Company”) and U.S.
Bank National Association, a
national banking association (the “Custodian”).
RECITALS
WHEREAS,
the
parties have entered into an Amended and Restated Custody Agreement;
and
WHEREAS,
the
Company and the Custodian desire to amend said Agreement; and
WHEREAS,
Article
XIV, Section 14.2 of the Agreement allows for its amendment by a written
instrument executed by both parties.
NOW,
THEREFORE, the
parties agree as follows:
Exhibit
C, the fee schedule of the Agreement, effective August 1, 2006, is hereby
superseded and replaced with the fee schedule attached hereto.
Except
to
the extend 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.
BANK, N.A.
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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:
Vice
President
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1
Exhibit
C
to the Amended and Restated Custody Agreement
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The
Xxxxxx Portfolio, Inc.
DOMESTIC
CUSTODY SERVICES
ANNUAL
FEE SCHEDULE effective 8/1/2006
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Annual
fee based upon market value of the fund:
1
basis point on first $2 billion
0.50
basis points on assets greater than $2 billion
Minimum
annual fee - $3,000
Investment
transactions (purchase, sale, exchange, tender, redemption, maturity,
receipt, delivery):
$5.00
per disbursement (waived if USBFS is Administrator)
$12.00
per book entry security (depository or Federal Reserve
system)
$12.00
per asset delivery transaction
$25.00
per definitive security (physical)
$25.00
per mutual fund trade
$75.00
per Euroclear
$8.00
per principal reduction on pass-through certificates
$6.00
per short sale/liability transaction
$15.00
per option/futures contract
$15.00
per variation margin
$10.00
per Fed wire deposit or withdrawal
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Variable
Amount Demand Notes: Used as a short-term investment, variable amount
notes offer safety and prevailing high interest rates. Our charge,
which
is ¼ of 1%, is deducted from the variable amount note income at the time
it is credited to your account.
Plus
out-of-pocket expenses, and extraordinary expenses based upon
complexity.
Fees
are billed monthly, based upon market value at the beginning of the
month.
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2
Exhibit
C
Fee Schedule (continued)
for
the
Amended and Restated Custody 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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