FUND ACCOUNTING SERVICE AGREEMENT Schedule A FUNDS TO BE SERVICED Jacobs & Company Mutual Fund Abacus Value Fund The Rational Investor Fund The Biondo Fund Critical Math Fund The Gaming and Casino Fund Biltmore Enhanced Index Fund Biltmore Contrarian...
FUND ACCOUNTING SERVICE AGREEMENT
Schedule A
FUNDS TO BE SERVICED
Jacobs & Company Mutual Fund
Abacus Value Fund
The Rational Investor Fund
The Xxxxxx Fund
Critical Math Fund
The Gaming and Casino Fund
Biltmore Enhanced Index Fund
Biltmore Contrarian Momentum Fund
Biltmore Momentum/Dynamic ETF Fund
This schedule was amended on December 19, 2005 to add The Xxxxxx and Critical Math Funds.
This schedule was amended on March 6, 2006 to add The Gaming and Casino Fund.
This schedule was amended on March 23, 2006 to add Biltmore Enhanced Index Fund, Biltmore Contrarian Momentum Fund and Biltmore Momentum/Dynamic ETF Fund.
FUND ACCOUNTING SERVICE AGREEMENT
Schedule B-7
Biltmore Enhanced Index Fund
Biltmore Contrarian Momentum Fund
Biltmore Momentum/Dynamic ETF Fund
FEES AND EXPENSES
Total charges for Fund Accounting services include fees and out-of-pocket expenses.
Fees will be calculated based upon the average net assets of the Fund for the previous month. Partial months are not prorated.
SERVICE FEES PER FUND:
The Trust shall pay GFS within ten (10) days after receipt of an invoice from GFS, usually sent at the beginning of each month, a base annual fee plus a basis point fee after the first $25 Million in assets, plus out-of-pocket expenses, as follows:
Fee of $24,000 plus
$6,000 for each additional class above one
$6,000 for international or exotic funds
2 basis points or 0.02% on net assets of $25 million to $100 million
1 basis point on net assets greater than $100 million
All special reports and/or analyses requested by the Trust, 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
FUND ACCOUNTING SERVICE AGREEMENT
Schedule B-7
Biltmore Enhanced Index Fund
Biltmore Contrarian Momentum Fund
Biltmore Momentum/Dynamic ETF Fund
FEES AND EXPENSES
OUT-OF-POCKET EXPENSES:
The out-of-pocket charge for equity and bond price quotes will be equal to the charge made to GFS by the provider of such quotes and, therefore, are subject to change. Current charges are as follows:
$.15 Domestic and Canadian Equities
$.15 Options
$.50 Corp/Gov/Agency Bonds
$1.00 CMO’s
$.50 International Equities and Bonds
$.80 Municipal Bonds
The out-of-pocket charge for any external data received by GFS in support of the daily net asset value will be charged at cost (i.e., interest rate charges on varying rate instruments).
Global fund accounting fees, defined as funds processing more than 25% in non-domestic assets, are charged at 150% of the above fees (base fee as well as basis point fee).
There is an additional charge of $500 per month for portfolios that transmit daily trades via fax as opposed to in an electronic format.
Pro rata portion of annual SAS 70 review.
IN WITNESS WHEREOF, the parties hereto have executed this Addendum to the Fund Accounting Service Agreement dated May 19, 2005, this 23rd day of March, 2006.
NORTHERN LIGHTS FUND TRUST GEMINI FUND SERVICES, LLC
(for Biltmore Enhanced Index Fund,
Biltmore Contrarian Momentum Fund and
Biltmore Momentum/Dynamic ETF Fund)
By: _/s/ Xxxxxxx X. Xxxxxx_______ By: _/s/ Xxxxxx Xxxxxx____________
Xxxxxxx X. Xxxxxx, President Xxxxxx Xxxxxx, Senior Vice President
