AMBASSADOR FUNDS AMENDMENT TO THE TRANSFER AGENT SERVICING AGREEMENT
Exhibit (h)(2)(B)
AMBASSADOR FUNDS
AMENDMENT TO THE TRANSFER AGENT SERVICING AGREEMENT
THIS AMENDMENT, dated as of the Effective Date set forth below, to the Transfer Agent Servicing Agreement, dated August 1, 2003, is entered by and between Ambassador Funds, 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 a Transfer Agent Servicing Agreement, dated August 1, 2003, (the “Agreement”);
WHEREAS, the Trust and USBFS desire to amend the Agreement to apply it to the Ambassador Broadmarket Plus Fund (the “Fund”), which has been recently added as a separate investment portfolio of the Trust; and
WHEREAS, Paragraph seven (7) of the Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
1.
Exhibit A of the Agreement is hereby superseded and replaced with Exhibit A attached hereto.
2.
The fee schedule of the Agreement is hereby superseded and replaced with the fee schedule attached hereto.
3.
This amendment shall be effective on the date (the “Effective Date”) that the Trust’s registration statement pertaining to the initial registration of the Fund’s shares of beneficial interest becomes effective under the Securities Act of 1933, as amended.
4.
Except to the extent supplemented 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 date and year first written above.
AMBASSADOR FUNDS
U.S. BANCORP FUND SERVICES, LLC
By: ______________________________
By: ________________________________
Title:
Title:
1
Exhibit A
to the
Transfer Agent Servicing Agreement
Fund Names
Name of Series
Date Added
Ambassador Money Market Fund
8-1-2000
Ambassador Broadmarket Plus Fund
Effective Date
2
AMBASSADOR FUNDS TRANSFER AGENT SERVICES FEE SCHEDULE | |
Shareholder Account Fee (Subject to Minimum) No-Load - $15.00 per account Load Fund - $16.00 per account Daily Accrual Fund - $21.00 per account Annual Minimum* $24,000 first no-load fund $28,000 first load or daily accrual fund $15,000 each additional fund or class * Minimum annual fee for the Broadmarket Plus Fund: $14,000 first 12 months $21,000 next 12 months $28,000 thereafter Plus: 1 basis point /year on the first $500 million .75 basis point /year on the next $1 billion .50 basis point /year on the balance Activity Charges Telephone Call - $1.00 per call Per e-mail Service - $2.50 per e-mail Draft Check Processing - $1.00 per draft Daily Valuation Trades - $6.75 per trade ACH Shareholder Services: $125.00 per month per fund group $ .50 per ACH item, setup and/or change $5.00 per correction, reversal, return item Plus out-of-pocket expenses, including but not limited to: ¨ Telephone – toll-free lines ¨ Postage ¨ Stationery, Envelopes ¨ Programming, Special Reports ¨ Insurance ¨ Record Retention ¨ Microfilm/fiche of records ¨ Proxies, Proxy Services ¨ ACH fees ¨ NSCC charges ¨ All other out-of-pocket expenses | Extraordinary services - quoted separately Service Charges to Investors Qualified Plan Fees (Billed to Investors) ¨ $12.50 /qualified plan acct (Cap at $25.00 per SSN) ¨ $ 5.00 /education XXX acct (Cap at $25.00 per SSN) ¨ $15.00 /transfer to successor trustee ¨ $15.00 /distribution to participant (Excluding SWPs) $15.00 /refund of excess contribution Additional Shareholder Fees (Billed to Investors) ¨ $15.00 /outgoing wire transfer ¨ $15.00 /overnight delivery ¨ $ 5.00 /telephone exchange ¨ $25.00 /return check or ACH ¨ $25.00 /stop payment
¨ $ 5.00 /research request (For requested items of the second calendar year [or previous] to the request)(Cap at $25.00) Fees are billed monthly. |
3
