GREENSPRING FUND, INC. FIRST AMENDMENT TO THE TRANSFER AGENT SERVICING AGREEMENT
GREENSPRING
FUND, INC.
FIRST
AMENDMENT TO THE TRANSFER AGENT
SERVICING
AGREEMENT
THIS FIRST AMENDMENT dated as
of May 1st, 2009, to the Transfer Agent Servicing Agreement, dated as
of June 28, 2005 (the "Agreement"), is entered into by and between GREENSPRING FUND, INC., a
Maryland corporation (the “Fund”), and U.S. BANCORP FUND SERVICES,
LLC, a Wisconsin limited liability company ("USBFS").
RECITALS
WHEREAS, the parties have
entered into an Agreement; and
WHEREAS, the parties desire to
amend the length of the Agreement and the fees; and
WHEREAS, Section 12 of the
Agreement allows for its amendment by a written instrument executed by all
parties.
NOW, THEREFORE, the parties
agree to the following:
Section
12 shall be superseded and replaced with the following:
12. Term of Agreement;
Amendment.
This
Agreement shall become effective as of the date first written above and will
continue in effect until June 30, 2010. Subsequent to June 30, 2010,
this Agreement may be terminated by either party upon giving 90 days prior
written notice to the other party or such shorter period as is mutually agreed
upon by the parties. Notwithstanding the foregoing, this Agreement
may be terminated by any party upon the breach of the other party of any
material term of this Agreement if such breach is not cured within 15 days of
notice of such breach to the breaching party. This Agreement may not
be amended or modified in any manner except by written agreement executed by
USBFS and the Fund, and authorized or approved by the Board of
Directors.
Exhibit
B, the fees of the Agreement, shall be superseded and replaced with Exhibit B
attached hereto.
Except to
the extent amended hereby, the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the parties hereto
have caused this First Amendment to be executed by a duly authorized officer on
one or more counterparts as of the date and year first written
above.
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GREENSPRING
FUND, INC.
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U.S.
BANCORP FUND SERVICES, LLC
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By: /s/
Xxxxxxxxx Xxxxxxx
Swam
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By: /s/
Xxxxxxx X.
XxXxx
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Name:
Xxxxxxxxx Xxxxxxx Swam
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Name:
Xxxxxxx X. XxXxx
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Title:
CCO
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Title:
Executive Vice President
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1
Exhibit
B to the Greenspring Fund, Inc. Transfer Agent Servicing Agreement
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TRANSFER
AGENT & SHAREHOLDER SERVICES
ANNUAL
FEE SCHEDULE at May 1, 2009
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Service Charges to the Fund*
Shareholder
Services Fee per Fund:
$____
per open account
$____
Matrix Level 3 account
$____
per closed (zero balance) account
Subject
to an annual minimum of $____ per fund
Activity Charges
¨ Telephone
Calls – $____ per minute
¨ Lost
Shareholder Search - $____ /search*
¨ AML
New Account Service - $____*
¨ ACH/EFT
Shareholder Services:
$____ /month/fund
group
$____ /ACH item, setup,
change*
$____ /correction,
reversal*
Out-of-pocket Costs:
¨ Telephone
toll-free lines, call transfers, etc.*
¨ Insurance,
records retention, microfilm/fiche*
¨ ACH
fees*
¨ NSCC
charges from DTCC*
¨ Mailing,
postage printing
¨ Stationery,
envelopes
¨ Additional
proxy services
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Service Charges to Investors (if
applicable)
Qualified
Plan (XXX) Fees (Billed to Investors)
¨ $____
/qualified plan acct (Cap at $____/SSN)
¨ $____
/outgoing wires
Technology Charges (if
applicable)
MFx
Report Source $____
NSCC
Service Interface
Setup
- $____ per fund group
Annual
- $____ per cusip/year
Telecommunications
and Voice Services
Service
Setup - $____
VRU
Setup - $____ per fund group
VRU
Maintenance - $____ per fund/year
$____
/voice response call*
Development/Programming
- $____ /hour
File
Transmissions – subject to requirements
Select
reports (non-standard) - $____ per select
Conversion
of Records – $____
Fees
are billed monthly
*Subject
to CPI increase, Milwaukee MSA.
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