ALPINE EQUITY TRUST AMENDMENT NO. 4 TRANSFER AGENT SERVICING AGREEMENT
AMENDMENT
NO. 4
THIS AMENDMENT dated as of
September 22, 2008, to the Transfer Agent Servicing Agreement, dated as of
December 28, 2001 and previously amended January 1, 2002, November 1, 2004,
February 17, 2006 (the “Agreement”), and an Addendum dated June 24, 2002, is
entered into by and between Alpine Equity Trust, a
Delaware business trust (the “Trust”), 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 Trust desires to
amend the Agreement to add funds; and
WHEREAS, Section 8 of the
Agreement allows for its amendment by mutual written consent of the
parties.
NOW, THEREFORE, the Trust and
USBFS agree as follows:
Exhibit A
of the Agreement is hereby superseded and replaced with Exhibit A attached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 Amendment to be executed by a duly authorized
officer on one or more counterparts as of the date and year first written
above.
| ALPINE EQUITY TRUST | U.S. BANCORP FUND SERVICES, LLC |
| By: /s/ Xxxxxx X. Xxxxxx | By: /s/ Xxxxxxx X. XxXxx |
| Name: Xxxxxx X. Xxxxxx | Name: Xxxxxxx X. XxXxx |
| Title: President | Title: Executive Vice President |
1
Exhibit
A
to
the
| Name of Series | Date Added to Trust |
| Alpine U.S. Real Estate Equity Fund | 9/1/1993 |
| Alpine International Real Estate Equity Fund | 2/1/1989 |
| Alpine Realty Income & Growth Fund | 12/29/1998 |
| Alpine Global Infrastructure Fund | on or after 9/30/2008 |
| Alpine Emerging Markets Real Estate Fund | on or after 9/30/2008 |
Fee
Schedule
Annual
Minimum Fee for entire Alpine Fund Complex (Alpine Equity Trust, Alpine Series
Trust and Alpine Income Trust) for Fund Accounting, Fund Administration,
Transfer Agency and Custody services of $550,000 per year.
Annual
transfer agent fee based upon market value of the entire Alpine Series and
Equity Trusts:
4.5 basis
points on first $1.5 Billion
4.0 basis
point on the next $500 Million
3.0 basis
point on Net Assets over $2 Billion
BOSS Fee Schedule
– Effective March 1, 2006
Standard Pricing Model
Components:
Subscription
Fees:
Access
Per BOSS User: $150/month
User
Defined - Specific users assigned authorized access to product. One
specific individual with authorized access to product offering shall equal one
User.
Professional
Service Fees:
Project
Management - Included
Development
(customization) - $200.00/hr plus cost of any materials (cost associated only to
additional development/training cost beyond Implementation fee)
-
Based on requests for customization of BOSS product, specialized file feeds and
requests for customized reports
Implementation
fee - $2500 (one time fee per USER – each additional user is $595)
-Includes
data/ Internet Portal integration applicable to Transfer Agent daily flow (up to
2 years of historical data included)
Training
- $1,000 (includes 2-day session for up to 10 participants on core
product)
2
Exhibit
A (continued)
to
the
Data
Maintenance/Flow Fees:
Monthly
service fees for pulling, extracting and storing daily transactional
data. Fees are predicated on the number of records
processed. See grid for monthly flow fees:
| Monthly Volumes | Fee per Month |
| 1 – 25,000 | $1,200 |
| 25,001 – 50,000 | $3,000 |
| 50,001 – 100,000 | $6,000 |
| 100,001 – 250,000 | $12,000 |
| 250,001 – 500,000 | $18,000 |
| 500,001 – 1,000,000 | $33,600 |
| 1,000,001 – 2,000,000 | $54,000 |
| 2,000,000 up | $70,000 |
Storage -
All data up to two years is stored at no charge. See grid for charges
on storage of over two years:
| # Of Accounts | Fee per Month |
| 0 – 200,000 | $150 |
| 200,001 – 350,000 | $300 |
| 350,001 – 600,000 | $420 |
| 600,000 – 1,000,000 | $600 |
| 1,000,000 up | $900 |
Support
Services Fees:
The
following services are provided free of charge to the end User:
Maintenance
- Includes automatic purchase of software upgrades.
Level One
Support - A single point of contact at USBFS am - 5pm CST, M-F excluding USBFS
holidays.
Administration
- Includes adding/subtracting users, security protocols, limited to 10 hrs/month
thereafter billed at the development/customization rate.
All of
the above free services do not include
special data imports (non – standard DST), programming, process creation, word
templates, or custom reporting.
** See
Additional Options Section **
3
Exhibit
A (continued)
to
the
Additional
Options:
|
·
|
Report
Writing - Customers may purchase integrated Report Writing software
Showcase.
|
Initial
Setup - $10,000
Monthly
charge - $3,000/user
Training
- $1000/day
Additional
costs for installation of dedicated line will be estimated and
disclosed.
|
·
|
Special
Data Imports – Customers may receive non – standard data files such as
Omnibus (i.e. Xxxxx Xxxxxx, Xxxxxx Xxxxx) or Supermarkets (i.e. Schwab,
Fidelity) at the following flow schedule not including any programming
charges for file formatting. Fees are predicated on the number
of monthly transactions.
|
| Monthly Volumes | Fee per Month |
| 1 – 2,000 | $1,800 |
| 2,001 – 2,500 | $2,400 |
| 3,001 – 4,000 | $3,000 |
| 4,001 – 5,000 | $3,600 |
| 5,001 – 6,000 | $4,200 |
| 6,001 – 7,000 | $4,800 |
| 7,001 – 8,000 | $5,400 |
| 8,001 up | $6,000 |
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