MARKETOCRACY AMENDMENT TO THE FUND ADMINISTRATION AND TRANSFER AGENT SERVICING AGREEMENTS
MARKETOCRACY
AMENDMENT
TO THE
FUND
ADMINISTRATION AND TRANSFER AGENT SERVICING AGREEMENTS
THIS AMENDMENT dated as of
this 6th day of September, 2006, to the Fund Administration Servicing Agreement
and the Transfer Agent Servicing Agreement dated as of December 13, 2000,
respectively, (the "Agreements"), is entered by and between MARKETOCRACY CAPITAL MANAGEMENT,
LLC, a Delaware limited liability company (“MCM”), an investment advisor
for MARKETOCRACY FUNDS,
a Delaware statutory trust (the “Trust”) and U.S. BANCORP FUND SERVICES,
LLC, a Wisconsin limited liability company (“USBFS”).
Effective January 1, 2006, the fee
schedules of the Agreements are hereby superseded and replaced with the
respective fee schedules attached hereto. Except to the extent
amended hereby, the Agreements 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.
| MARKETOCRACY | U.S. BANCORP FUND SERVICES, LLC |
| CAPITAL MANAGEMENT LLC | |
| By: /s/ Xxxxxxxx Xxx | By: /s/ Xxxxxxx X. XxXxx |
| Name: Xxxxxxxx Xxx | Name: Xxxxxxx X. XxXxx |
| Title: President | Title: Sr. Vice President |
1
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TRANSFER
AGENT & SHAREHOLDER SERVICES
ANNUAL
FEE SCHEDULE
Marketocracy
Funds - Effective January 1, 2006
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Service
Charges to the Fund*
Shareholder
Account Fee (Subject to Minimum)
¨ No-Load -
/account
¨ Networked
Accounts -
/account
Annual
Minimum
¨
per no-load fund (Masters 100 Fund
only)
¨
per load or daily accrual fund
¨
each additional class
Activity
Charges
¨ Telephone
Calls -
/call
¨ Daily
Valuation Trades -
/trade
¨ Omnibus
Account Transactions
each – first 100 transactions
each – next 400 transactions
each – next 1,500 transactions
each - next 3,000 transactions
each – balance of transactions
CCO
Support Services -
per year
¨ Lost
Shareholder Search -
/search
¨ XXX
Xxxx Xxxxxxx (xxxx Xxxxx 0 accounts)
0-999
accounts -
/year
1,000-4,999 accounts -
/year
5,000-9,999
accounts -
/year
10,000+ accounts -
/year
¨ AML
New Account Service -
/new domestic accounts and
/new foreign account
¨ ACH/EFT
Shareholder Services:
/month/fund group
/ACH item, setup, change
/correction, reversal
Out-of-pocket Costs -
Including but not limited to:
¨ Telephone
toll-free lines, call transfers, etc.
¨ Mailing,
sorting and postage
¨ Stationery,
envelopes
¨ Programming,
special reports
¨ Insurance,
record retention, microfilm/fiche
¨ Proxies,
proxy services
¨ ACH
fees, NSCC charges
¨ Disaster
recovery – per open account
¨ All
other out-of-pocket expenses
Fees
are billed monthly.
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Service
Charges to Investors
Qualified
Plan Fees (Billed to Investors)
¨
/qualified plan acct (Cap at
/SSN)
¨
/Xxxxxxxxx ESA acct (Cap at
/SSN)
¨
/transfer to successor trustee
¨
/participant distribution (Excluding SWPs)
¨
/refund of excess contribution
Additional
Shareholder Fees (Billed to Investors)
¨
/outgoing wire transfer
¨
/overnight delivery
¨
/telephone exchange
¨
/return check or ACH
¨
/stop payment
¨
/research request per account (Cap at
/request) (For requested items of the second calendar year [or
previous] to the request)
Technology
Charges
1. Fund
Group Setup (first cusip) -
/fund group
2. Fund
Setup -
/cusip (beyond first cusip)
3. NSCC
Service Interface – All NSCC Services
¨ Setup
-
/fund group
¨ Annual
-
/cusip/year
4. Telecommunications
and Voice Services
¨ Service
Setup -
ATT transfer connect
¨ VRU
Setup -
/fund group
¨ VRU
Maintenance -
/cusip/month
¨
/voice response call
¨
/voice recognition call
5. Average
Cost -
/account/year
6. Development/Programming
-
/hour
7. File
Transmissions – subject to requirements
8. Selects
-
per select
9. Extraordinary
services – charged as incurred
¨ Conversion
of Records (if necessary) – Estimate to be provided.
¨ Custom
processing, re-processing
All
other extraordinary services
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