FIRST AMENDMENT TO STRALEM FUND MUTUAL FUND SERVICES GREEMENT
FIRST
AMENDMENT TO
STRALEM
FUND MUTUAL FUND SERVICES GREEMENT
WHEREAS, Stralem Fund, a Delaware
statutory trust (the “Trust”) and Ultimus Fund Solutions, LLC (“Ultimus”), an
Ohio limited liability company, have entered into a Mutual Fund Services
Agreement, dated May 1, 2008 (the “Agreement”);
WHEREAS, the parties agree to amend the
Agreement;
NOW,
THEREFORE, effective July 1, 2009, the Trust and Ultimus agree to amend the
Agreement as follows:
1.
Schedule B of the Agreement is hereby amended as follows:
FEES:
Asset
Based Fee, plus
Ultimus
Fund Solutions will provide all of the fund administration and fund accounting
and pricing services described herein for a monthly fee calculated with respect
to each Portfolio as follows:
|
Average
Daily Net Assets
|
Asset
Based Fee
|
|
Up
to $500 million
|
.125%
|
|
In
excess of $500 million
|
.100%
|
The fee
will be subject to a monthly minimum fee of $6,000 with respect to each
Portfolio.
Each
Portfolio is responsible for its operating expenses, such as federal and state
filing fees, insurance premiums, typesetting and printing of its public
documents, and fees and expenses of its other vendors and
providers.
Multi-Class
fee of:
For each
additional class of shares added to a Portfolio, an annual fee of $6,000 will be
added to the Asset Based Fee listed above.
PERFORMANCE REPORTING:
For Performance Reporting (including
After-Tax Performance Reporting), Ultimus charges each class of shares of a
Portfolio a fee of $200 per month.
OUT-OF-POCKET EXPENSES:
The fees set forth above
shall be in addition to the payment of out-of-pocket expenses, as provided for
in Section 8 of this Agreement.
2.
Excepted as amended hereof, the Agreement shall remain in full force and
effect.
Executed this 1st day of
July, 0000
XXXXXXX
FUND
By: /s/ Xxxxxxxx X.
Xxxxxxx
Title:
President
ULTIMUS
FUND SOLUTIONS, LLC
By: /s/ Xxxxxx X.
Xxxxxx
Title:
President
