THIRD AMENDMENT TO THE FUND ADMINISTRATION SERVICING AGREEMENT
THIRD
AMENDMENT
THIS THIRD AMENDMENT dated
this 14th day of August, 2009, to the Fund Administration Servicing Agreement
dated as of August 15, 2005, as amended June 8, 2007 and October 8, 2007 (the
"Agreement"), is entered into by and between Intrepid Capital Management Funds
Trust, a Delaware statutory trust (the "Trust") and U.S. Bancorp Fund Services,
LLC, a Wisconsin limited liability company ("USBFS").
RECITALS
WHEREAS, the parties have
entered into the Agreement; and
WHEREAS, the parties desire to
amend the fees; and
WHEREAS, Section 10 of the Agreement
allows for its amendment by a written instrument executed by both
parties.
NOW, THEREFORE, the parties
agree as follows:
Exhibit B
of the Agreement is hereby superseded and replaced with Exhibit B attached
hereto.
Except to
the extent supplemented hereby, the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the
parties hereto have caused this Third Amendment to be executed by a duly
authorized officer on one or more counterparts as of the date and year first
written above.
| INTREPID CAPITAL MANAGEMENT | U.S. BANCORP FUND SERVICES, LLC |
|
FUNDS
TRUST
|
|
| By: /s/ Xxxx X. Xxxxxx | By: /s/ Xxxxxxx X. XxXxx |
| Name: Xxxx X. Xxxxxx | Name: Xxxxxxx X. XxXxx |
| Title: President | Title: Executive Vice President |
1
Exhibit
B
|
Intrepid
Capital Management
FUND
ADMINISTRATION & COMPLIANCE SERVICES
FEE
SCHEDULE
Effective
in Conjunction with the Launch of the Intrepid Small Cap Class
I
|
|
|
Domestic
Funds
Annual
Fee Based Upon Market Value Per
Fund*
[__]
basis points on the first $[__]
million
[__]
basis
points on the
next $[__]
million
[__]
basis points on the
balance
Minimum
annual fee:
$[__]Intrepid
Capital Fund
$[__]Intrepid
Small Cap Fund (Multi Class)
$[__]Intrepid
Income Fund
$[__]Intrepid
All Cap Fund
Fees
are billed monthly.
*
Subject to CPI increase, Milwaukee MSA.
|
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
Additional
Services
Available
but not included above are the following
services
– multiple classes, legal administration, SEC
§15(c)
reporting, daily fund compliance testing, and
daily
performance reporting.
|
2
Exhibit
B (continued) to the Fund Administration Servicing Agreement
|
Intrepid
Capital Management
CHIEF
COMPLIANCE OFFICER
SUPPORT
SERVICES
|
|
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
● CCO
Portal – Web On-line Access to Fund CCO
Documents
● 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*
● $[__] per service
per year
Fees
are billed monthly.
*Subject
to annual CPI increase, Milwaukee
MSA.
|
3
