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Exhibit 9(D)
OMNIBUS FEE AGREEMENT
THIS AGREEMENT is made as of this 27th day of April, 1998, by
and among ALPINE EQUITY TRUST (the "Company"), a Massachusetts business trust,
BISYS FUND SERVICES, INC. ("BISYS"), a Delaware corporation and BISYS FUND
SERVICES OHIO, INC. ("BISYS Ohio"), an Ohio corporation.
WHEREAS, the Company is an open-end management investment
company registered under the Investment Company Act of 1940, as amended (the
"1940 Act") consisting of several series of shares of beneficial interest
("Shares");
WHEREAS, the Company and BISYS Ohio have entered into an
Administration Agreement, dated April 27, 1998, concerning the provision of
management and administrative services for the investment portfolios of the
Company (individually referred to herein as a "Fund" and collectively as the
"Funds");
WHEREAS, the Company and BISYS have entered into a Fund
Accounting Agreement and a Transfer Agency Agreement, each of which is dated
April 27, 1998, concerning the provision of fund accounting and transfer agency
services, respectively, for the Funds; and
WHEREAS, the parties desire to set forth the compensation
payable by the Company under the foregoing agreements in a separate written
document.
NOW, THEREFORE, in consideration of the mutual premises and
covenants herein set forth, the parties agree as follows:
1. The Administration Agreement, Fund Accounting Agreement,
and Transfer Agency Agreement referred to herein shall be referred to
collectively as the "Service Agreements."
2. The Company shall pay to BISYS Ohio all of the compensation
set forth herein on the dates set forth herein.
3. The amount that is due and payable to BISYS Ohio (the
"Payment") shall be computed at an annual rate of thirty-two and one-half
one-hundredths of one percent (.325%) of each Fund's average daily net assets.
The parties acknowledge and agree that the payment shall include an amount that
represents the custodian fee payable to Investors Fiduciary Trust Company
pursuant to a Custody Agreement, dated ________________________, between the
Company and Investors Fiduciary Trust Company. In that connection, the Company
hereby appoints BISYS Ohio as its paying agent for purposes of remitting that
portion of the Payment that represents the custodian fee that is due and payable
to Investors Fiduciary Trust Company. The parties further acknowledge and agree
that the remainder of the Payment shall be in consideration for the services
provided under the Service Agreements.
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4. This Agreement shall be governed by, and its provisions
shall be construed in accordance with, the laws of the State of Ohio.
IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be fully executed as of the day and year first written above.
ALPINE EQUITY TRUST
By: /s/ Xxxxxx X. Xxxxxx
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Its: CEO
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BISYS FUND SERVICES, INC.
By: /s/ Xxxxx Xxxxx
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Its: President
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BISYS FUND SERVICES OHIO, INC.
By: /s/ Xxxxx Xxxxx
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Its: President
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