ADMINISTRATION SERVICE AGREEMENT Schedule B-3 Abacus Value Fund FEES AND EXPENSES
ADMINISTRATION SERVICE AGREEMENT
Schedule B-3
Abacus Value Fund
FEES AND EXPENSES
Annual fee for the Fund, which is the greater of:
$40,000 minimum | or | 10 basis points or 0.10%on the first $100 million of net assets 8 basis points or 0.08% on the next $150 million of net assets 6 basis points or 0.06% on net assets greater than $250 million |
Plus Out-of-Pocket Expenses, which include, but are not limited to:
Postage, Courier and Stationery Programming, Special Reports Proxies, Insurance XXXXX filing @ $8.00 per page Chief Compliance Officer Fees (CCO) Retention of records Federal and State regulatory filing fees Certain insurance premiums | Travel (as requested by the Fund) Expenses related to Board of Trustees’ meetings Auditing and legal expenses Blue Sky conversion expenses (if necessary) NASDAQ charges All other out-of-pocket expenses (Fees are billed monthly) |
STATE REGISTRATION (BLUE SKY) FEES:
The fees enumerated above include the initial state registration, renewal and maintenance of registrations (as detailed in Paragraph 1(l) DUTIES OF THE ADMINISTRATOR) for three (3) states. Each additional state registration requested will be subject to the following fees per fund:
Initial registration $295.00
Registration renewal $150.00
Sales reports (if required) $ 25.00
All special reports and/or analyses requested by the Fund shall be subject to an additional charge, agreed upon in advance, based upon the following rates:
GFS Senior Staff $150.00 per hour
GFS Junior Staff $ 75.00 per hour
MIS Staff $200.00 per hour
IN WITNESS WHEREOF, the parties hereto have executed this Addendum to the Administrative Services Agreement dates May 19 2005, this 13th day of July, 2005.
NORTHERN LIGHTS FUND TRUST GEMINI FUND SERVICES, LLC
(for Abacus Value Fund)
By:_/s/ Xxxxxxx X. Xxxxxx____________ By:_/s/ Xxxxxx Xxxxxx_________________________
Xxxxxxx X. Xxxxxx, President Xxxxxx Xxxxxx, Senior Vice President
