SEVENTH AMENDMENT TO THE TRANSFER AGENT SERVICING AGREEMENT
SEVENTH AMENDMENT
THIS SEVENTH AMENDMENT dated this 27th day of July, 2010, to the Transfer Agent Servicing Agreement dated as of August 10, 2004, as amended August 15, 2005, June 8, 2007, October 8, 2007, August 14, 2009, January 15, 2010 and February 12, 2010, (the "Agreement"), is entered into by and between Intrepid Capital Management Funds Trust, a Delaware statutory trust (the "Trust") 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 parties desire to amend the fees; and
WHEREAS, Paragraph 9 of the Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
Exhibit B is hereby superseded and replaced with Exhibit B attached hereto.
Except to the extent supplemented hereby, the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Seventh Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.
| INTREPID CAPITAL MANAGEMENT | U.S. BANCORP FUND SERVICES, LLC |
| FUNDS TRUST | |
| By: /s/ Xxxx X. Xxxxxx | By: /s/ Xxxxxxx X. XxXxx |
| Name: Xxxx X. Xxxxxx | Name: Xxxxxxx X. XxXxx |
| Title: President | Title: Executive Vice President |
| 7/27/10 | 1 |
Exhibit B to the Transfer Agent Servicing Agreement – Intrepid Capital
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Intrepid Capital Funds, Inc.
TRANSFER AGENT & SHAREHOLDER SERVICES
ANNUAL FEE SCHEDULE
Effective in Conjunction with the Launch of
the Intrepid Income Fund- Institutional Class
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Service Charges to the Fund*
Annual Shareholder Account Fee (see minimum)
u No-Load - $[ ] /account
u Closed Accounts - $[ ] /account
Annual Minimum
u $[ ] Intrepid Capital Fund
u Intrepid Capital Fund Class I
$[ ]
$[ ] beginning October 1, 2011
u $[ ] Intrepid Small Cap Fund
u Intrepid Small Cap Fund Class I
$[ ]
$[ ] beginning October 1, 2010
$[ ] beginning October 1, 2011
u $[ ] Intrepid Income Fund
u Intrepid Income Fund Class I
$[ ]
$[ ] beginning October 1, 2011
$[ ] beginning October 1, 2012
u $[ ] Intrepid All Cap Fund
u Intrepid All Cap Fund- Class I
$[ ]
$[ ] beginning October 1, 2011
$[ ] beginning October 1, 2012
Activity Charges
u Telephone Calls - $[ ] /minute
u Voice Response Calls- $[ ] /call
u Average Cost Basis Reporting $[ ] /account
u Disaster Recovery $[ ] /open account
u AML New Account Service - $[ ] /new domestic
accounts and $[ ] /new foreign account; $[ ]
/shareholder verification
u Omnibus Account Transactions $[ ] /transaction
u Daily Valuation Trades $[ ] /trade
u ACH/EFT Shareholder Services:
$[ ] /month/fund group
$[ ] /ACH item, setup, change
$[ ] /correction, reversal
Short-Term Trader*-Software application used to track
and/or assess transaction fees that are determined to
be short-term trades. Service can be applied to some
or all funds within a fund family. Fees will be applied if
the fund(s) have a redemption fee.
u 90 days or less- $[ ] /open account
*Waived for the Intrepid Capital Fund- Investor Class,
Intrepid Small Cap Fund- Investor Class, Intrepid All
Cap Fund and Intrepid Income Fund
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Vision Mutual Fund Gateway
Permits broker/dealers, financial planners and RIAs to use a
Web-based system to perform account inquiry.
u Inquiry Only
uInquiry $[ ] /event
uBroker ID $[ ] /month/ID
Client Web Data Access
Client on-line access to fund and investor data through USBFS
technology applications and data delivery security software.
u $[ ] month for ReportSource
u $[ ] /month for DDS (Secure Data Delivery Services)
Literature Fulfillment Services
u Account Management
$[ ] /month (account management, lead reporting
and database administration)
u Out-Of-Pocket Expenses
Kit and order processing expenses, postage
And printing
Qualified Plan Fees (Billed to Investors)
u $[ ] /qualified plan acct (Cap at $[ ] /SSN)
u $[ ] /Xxxxxxxxx ESA acct (Cap at $[ ] /SSN)
u $[ ] /transfer to successor trustee
u $[ ] /participant distribution (Excluding SWPs)
u $[ ] /refund of excess contribution
Shareholder Fees (Billed to Investors)
u $[ ] /outgoing wire transfer
u $[ ] /overnight delivery
u $[ ] /telephone exchange
u $[ ] /return check or ACH
u $[ ] /stop payment
u $[ ] /research request per account (Cap at $[ ]
/request) (For requested items of the second calendar
year [or previous] to the request)
Out-of-pocket Costs - Including but not limited to:
u Telephone toll-free lines, call transfers, etc.
u Mailing, sorting and postage
u Stationery, envelopes
u Programming, special reports
u Insurance, record retention, microfilm/fiche
u Proxies, proxy services
u Lost shareholder search
u ACH fees
u NSCC charges
u All other out-of-pocket expenses
* Subject to CPI increase, Milwaukee MSA.
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