FIRST AMENDMENT TO THE FUND ACCOUNTING SERVICING AGREEMENT
FIRST
AMENDMENT TO THE
THIS FIRST AMENDMENT dated as
of the 1ST day
of October 2009, to the Fund Accounting Servicing Agreement, dated as of
September 14, 2007, (the "Agreement"), is entered into by and between PROSPECTOR FUNDS, INC., a
Maryland corporation, (the “Company”) and U.S. BANCORP FUND SERVICES,
LLC, a Wisconsin limited liability company ("USBFS”).
RECITALS
WHEREAS, the parties have
entered into the Agreement; and
WHEREAS, the Company and USBFS
desire to amend the fees of the Agreement; and
WHEREAS, Section 15 of the
Agreement allows for its amendment by a written instrument executed by both
parties.
NOW, THEREFORE, the parties
agree as follows:
Exhibit B
of the Agreement is superseded and replaced with Exhibit B attached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 First Amendment to be executed by a duly
authorized officer on one or more counterparts as of the date and year first
written above.
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U.S.
BANCORP FUND SERVICES, LLC
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By:
/s/ Xxxxx X.
Xxxxxxxx
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By:
/s/ Xxxxxxx X.
XxXxx
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Name:
Xxxxx X. Xxxxxxxx
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Name:
Xxxxxxx X. XxXxx
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Title:
Treasurer
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Title:
Executive Vice President
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1
Exhibit B
to the Fund Accounting Servicing Agreement – Prospector Funds, Inc.
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FUND
ACCOUNTING SERVICES
FEE
SCHEDULE at October 1, 2009
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Annual Fund Accounting Fee Per
Fund*
Base
fee on the first $_____ plus
_____
basis points on the next $_____
_____
basis point on the next $_____
_____
basis point on the balance
Annual Base Fee on First
$__________ Per
Fund*
$_____
per domestic equity fund
$_____
per domestic balanced fund
$_____
per domestic fixed income or money market fund
$_____
per international or global equity funds
Advisor Information Source Web
Portal
·
$_____
/fund/month
·
$_____
/fund/month for clients using an external administration
service
Plus
Out-Of-Pocket Expenses – Including but not limited to pricing
services, corporate action services, fair value pricing services, factor
services, customized reporting, and all other out-of-pocket
expenses.
· Pricing
Services
· $_____ Domestic
and Canadian Equities
· $_____ Options
· $_____ Corp/Gov/Agency
Bonds
· $_____ CMO's
· $_____ International
Equities and Bonds
· $_____ Municipal
Bonds
· $_____ Money
Market Instruments
· $_____
/Fund/Month - Mutual Fund Pricing
· $_____
/Foreign Equity Security/Month for Corporate Action Service
· $_____
/Month Manual Security Pricing (>10/day)
· Factor
Services (BondBuyer)
· $_____
/CMO/Month
· $_____
/Mortgage Backed/Month
· $_____
/Month Minimum Per Fund Group
· Fair
Value Services (FT Interactive)
· $_____
on the first 100 securities per day
· $_____
on the balance of securities per day
Additional
Services – Above pricing is for standard
services. Available but not included above are the following
services – multiple class funds, master feeder products, international
income funds, funds with multiple advisors/sub-advisors.
Fees
are billed monthly.
*
Subject to annual CPI increase, Milwaukee
MSA.
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2
Exhibit B
(continued) to the Fund Accounting Agreement
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CHIEF
COMPLIANCE OFFICER
SUPPORT
SERVICES
FEE
SCHEDULE at October 1, 2009
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Chief Compliance Officer Support
Services
U.S,
Bancorp provides support to the Chief Compliance Officer (CCO) of each
fund serviced either by U.S. Bancorp Fund Services, LLC or Quasar
Distributors, LLC. Indicated below are samples of functions
performed by USBFS in this CCO support role:
• Business
Line Functions Supported
• Fund
Administration and Compliance
• Transfer
Agent and Shareholder Services
• Fund
Accounting
• Custody
Services
• Securities
Lending Services
• Distribution
Services
• Daily
Resource to Fund CCO, Fund Board, Advisor
• Provide
USBFS/USB Critical Procedures & Compliance Controls
• Daily
and Periodic Reporting
• Periodic
CCO Conference Calls
• Dissemination
of Industry/Regulatory Information
• Client
& Business Line CCO Education & Training
• Due
Diligence Review of USBFS Service Facilities
• Quarterly
USBFS Certification
• Board
Meeting Presentation and Board Support
• Testing,
Documentation, Reporting
Annual
Fee Schedule*
· $_____ per service line per
year
Fees
are billed monthly.
*Subject
to annual CPI increase, Milwaukee
MSA.
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