TRANSFER AGENCY SERVICE AGREEMENT Schedule B-2 THE RATIONAL INVESTOR FUND FEES AND EXPENSES
TRANSFER AGENCY SERVICE AGREEMENT
Schedule B-2
THE RATIONAL INVESTOR FUND
FEES AND EXPENSES
For the services rendered by GFS in its capacity as transfer agent to the Fund, the Fund shall pay to GFS, the following transfer agent fees, out-of-pocket expenses, activity charges, and special reports charges, which shall be billed to the Fund monthly:
TRANSFER AGENT FEES
1. DATA CONVERSION FEE FROM PREVIOUS TRANSFER AGENT: No Charge.
2. SERVICE FEE:
Annual fee for the Fund as a whole, which includes each Fund and class there of on Addendum A-I of [0.40% or 40 basis points on the average net assets of the Fund]*, which fee represents the combined annual fee payable by the Trust with respect to the Fund with respect to GFS’ services provided under the following agreements between the Trust and GFS (as the same may be hereafter amended, supplemented or restated):
(a) Administration Service Agreement, dated as of May 19, 2005;
(b) Transfer Agency Service Agreement, dated May 19, 2005; and
(c) Fund Accounting Service Agreement, dated as of May 19, 2005.
*Language as it already exists in each agreement
The Fund shall reimburse GFS for all out-of-pocket expenses, including but not limited to the following:
1. Telephone and Toll Free Lines
2. Printing Fund Documents
3. Bank Fees
4. NSCC Charges
5. Postage
6. Pre and Post Sale Fulfillment
7. Proxy Services
8. Travel Requested by the Trust, on behalf of the Fund
9. Tax Reporting
10. Record Storage
11. Fund Stationery and Supplies
12. Pro rata portion of annual SAS 70 review
13. All other out-of-pocket expenses incurred on behalf of the Fund
TRANSFER AGENCY SERVICE AGREEMENT
Schedule B-2
THE RATIONAL INVESTOR FUND
FEES AND EXPENSES
3 DATA DE-CONVERSION FEE:
A one-time Data De-Conversion fee of $10,000 shall be charged upon a cancellation or termination of this Agreement by the Trust for any reason other than liquidation of the Funds. No fee shall be payable upon a cancellation or termination by GFS.
ACTIVITY CHARGES
4. GENERAL ACTIVITY CHARGES:
24 Hour Automated Voice Response:
Initial set-up (one-time) charge: $750.00 per fund
Monthly charge $ 50.00 per fund
Customer Service Calls: $ 2.50 per call
Bank Charges (Pass Through Charges):
Annual Charge for maintaining DDA Accounts on a bank system.
Transfer Agency wire from mutual funds DDA Accounts to Custodian Bank equals $5.25 per wire.
Bank charges are subject to change since they are a pass through charge from a bank, which is a separate institution from Gemini Fund Services.
5. INTERNET ACCESS:
Each Shareholder/Adviser/Xxxxxx hit billed at $0.15 per hit. Initial fund group setup charges will be based on the number of hours multiplied by the hourly charges indicated below under Special Reports Charges.
Additional Internet Functionality includes:
- Electronic delivery of financial statements such as semi-annual and annual reports and shareholder prospectuses $0.15 per occurrence per item.
- Electronic delivery of shareholder confirms and statements $0.15 per occurrence per item.
- Electronic subsequent purchases and redemptions via the internet $0.15 per occurrence.
- Access to Gemini Fund Services E-Form, which is an on-line application for new shareholders. The E-Form can be filled out on-line, but will require the new shareholder to print, sign and mail into Gemini Fund Services.
- E-Signature functionality will be provided.
TRANSFER AGENCY SERVICE AGREEMENT
Schedule B-2
THE RATIONAL INVESTOR FUND
FEES AND EXPENSES
6. IRA PLAN FEES:
The following fees will be charged directly to the shareholder account:
Annual maintenance fee $15.00 / account*
*Includes an $8.00 Bank Custody Fee.
7. SPECIAL REPORTS CHARGES
All special reports and/or analyses requested by the Trust, on behalf of the Fund, shall be subject to an additional charge, agreed upon in advance, based upon the following rates:
GFS Senior Staff $150.00 / hour
GFS Junior Staff $ 75.00 / hour
MIS Staff $200.00 / hour
IN WITNESS WHEREOF, the parties hereto have executed this Addendum to the Transfer Agency and Service Agreement dated May 19, 2005, this 13th day of July, 2005.
NORTHERN LIGHTS FUND TRUST GEMINI FUND SERVICES, LLC
(for THE RATIONAL INVESTOR FUND)
By:_/s/ Xxxxxxx X. Xxxxxx______________ By:_____/s/ Xxxxxx Xxxxxx_______________
Xxxxxxx X. Xxxxxx, President Xxxxxx Xxxxxx, Senior Vice President
THE RATIONAL INVESTOR® ADVISORS, LLC
Attested to by:__/s/ Xxxxx X. Xxxxxxxx____________________________
Xxxxx X. Xxxxxxxx, President
