EXHIBIT 9(N)
AMENDMENT TO THE TRANSFER AGENCY AGREEMENT
THIS AMENDMENT, dated as of January 2, 1997 is made to the Transfer Agency
and Registrar Agreement dated June 19, 1995 (the "Transfer Agency Agreement")
between THE MUNDER FUNDS, INC. (the "Fund") and FIRST DATA INVESTOR SERVICES
GROUP, INC. (formerly The Shareholder Services Group, Inc.) (the "Transfer
Agent").
WITNESSETH
WHEREAS, the Transfer Agent, has developed a recordkeeping service link
("DCXchange/SM/") between investment companies and benefit plan consultants (the
"Recordkeepers") which administer employee benefit plans under Section 401(k) of
the Internal Revenue Code (the "Plans");
WHEREAS, the Transfer Agent has entered into agreements with various
Recordkeepers relating to the recordkeeping and related services performed on
behalf of such Plans in connection with daily valuation and processing of orders
for investment and reinvestment of assets of the Plans in various investment
options available to the participants under such Plans (the "Participants");
WHEREAS, the Fund desires to participate in the DCXchange/SM/ Program and
retain the Transfer Agent to perform such services with respect to shares of the
Funds ("Shares") held by or on behalf of the Participants as further described
herein and the Transfer Agent is willing and able to furnish such services on
the terms and conditions hereinafter set forth.
NOW THEREFORE, the Fund and the Transfer Agent agree that as of the date
first referenced above, the Transfer Agent Agreement shall be amended as
follows:
1. The Transfer Agent agrees to perform recordkeeping and related services for
the benefit of the Plan Participants that maintain shares of the Fund
through Plans administered by certain Recordkeepers. The Transfer Agent
shall subcontract with Recordkeepers to link the Transfer Agent
recordkeeping system with the Recordkeepers, in order for the Recordkeepers
to maintain Fund shares positions for each Participant. Fund positions of
the Participants shall constitute open accounts for which the Fund shall
pay to the Transfer Agent the annual fee specified in the schedule of fees
attached hereto as Exhibit 1.
2. This Amendment contains the entire understanding among the parties with
respect to the transactions contemplated hereby. To the extent that any
provision of this Amendment modified or is otherwise inconsistent with any
provision of the Transfer Agent Agreement and related agreements, this
Amendment shall control, but the Transfer Agent Agreement and all related
documents shall otherwise remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized officers, as of the day and year first
above written.
THE MUNDER FUNDS
/s/ Xxxx Xxxx Xxxxx
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By: Xxxx Xxxx Xxxxx
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Title: Secretary & Assistant Treasurer
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FIRST DATA INVESTOR SERVICES
GROUP, INC.
/s/ Xxxxx X. Xxxxx
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By: Xxxxxx X. Xxxxx
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Title: Executive Vice President
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EXHIBIT 1
THE MUNDER FUNDS, INC.
FEE SCHEDULE
Upon execution of this Agreement, the Fund shall pay the Transfer Agent an
annualized fee of $15.00 for each Plan Participant account in the Portfolios
that is open during any monthly period. These fees shall be billed by the
Transfer Agent monthly in arrears on a prorated basis of 1/12 of the annualized
fee for all accounts that are open during such month.
In addition, the Fund shall reimburse the Transfer Agent monthly for applicable
out-of-pocket expenses and an additional 15% administrative charge, including,
but not limited to the following items:
. Printing costs, including certificates, envelopes, checks and stationary
. Postage (bulk, pre-sort, Zip+4, barcoding, first class) direct pass through
to the Fund
. Due diligence mailings
. Ad hoc reports
. Proxy solicitations, mailing and tabulations
. Courier services
The Fund shall also reimburse the Transfer Agent monthly for such other
miscellaneous expenses reasonably incurred by the Transfer Agent in performing
its duties and responsibilities under this Agreement, as pre-approved by the
Fund. The Fund further agrees that any volume discounts achieved by the
Transfer Agent on behalf of its clients shall be returned by the Transfer Agent,
unless otherwise agreed to by the Transfer Agent and the Fund.