Exhibit k.8
MEVC XXXXXX XXXXXX JURVETSON FUND I, INC.
AMENDMENT TO THE
FUND ACCOUNTING SERVICING AGREEMENT
THIS AMENDMENT dated as of October 29, 2004, to the Fund Accounting
Servicing Agreement, dated as of November 1, 2002, (the "Agreement"), is entered
by and between MEVC XXXXXX XXXXXX JURVETSON FUND I, INC., a Delaware corporation
(the "Trust") and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability
company ("USBFS") shall be as follows:
WHEREAS, the parties have entered into a Fund Accounting Servicing
Agreement; and
WHEREAS, the Trust and USBFS desire to amend said Agreement; 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:
A. Effective immediately, all references to MeVC Xxxxxx Xxxxxx Jurvetson
Fund, Inc. shall be deleted and replaced with MVC Capital, Inc.; and
B. Exhibit A of the Agreement is hereby superceded and replaced with Exhibit
A 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 Amendment to be
executed by a duly authorized officer on one or more counterparts as of the date
and year referenced above.
MVC CAPITAL, INC. U.S. BANCORP FUND SERVICES, LLC
By: ________________________________ By: ________________________________
Title:______________________________ Title:______________________________
EXHIBIT A
TO THE
FUND ADMINISTRATION SERVICING AGREEMENT
AND THE
FUND ACCOUNTING SERVICING AGREEMENT
AS AMENDED OCTOBER 29, 2004
With respect to the minimum annual fee, the Fee Schedule for the Fund
Administration Servicing Agreement shall be read in conjunction with the Fee
Schedule for the Fund Accounting Servicing Agreement between the same parties
and entered into as of the same date. That schedule in full is reproduced below:
ANNUAL FEE SCHEDULE
Effective November 1, 2004, Aggregate Minimum Annual Fee of $130,000 or an asset
based fee of 12 basis points on the first $100 million, 10 basis points on the
next $200 million and 6 basis points thereafter, whichever is greater
(out-of-pockets not included).
Effective upon the completion of the MVC Capital, Inc. rights offering and
issuance of new shares (anticipated start date January 0000), Xxxxxxxxx Minimum
Annual Fee of $130,000 or an asset based fee of 10 basis points on the first
$100 million, 8 basis points on the next $200 million and 5 basis points
thereafter, whichever is greater (out-of-pockets not included).
Fund Accounting
All out-of-pocket expenses are billed monthly, included, but not limited to:
$.15 Domestic and Canadian Equities, Options
$.50 Corp/Gov/Agency Bonds, International Equities and Bonds
$.80 CMO's, Municipal Bonds, Money Market Instruments
$125 Per fund per month - Mutual Funds
Corporate Action Services
$2.00 Per equity security per month
Manual Security Pricing
$125 per month - greater than 10/day
Factor Services (BondBuyer)
Per CMO - $1.50/month
Per Mortgage Backed - $0.25/month
Minimum - $300/month
FUND ADMINISTRATION
Postage, Stationery
Programming, Special Reports
Proxies, Insurance
XXXXX filing - Approx. $11.00/page
Retention of records
A-1
Federal and state regulatory filing fees
Certain insurance premiums
Expenses from board of directors meetings
Auditing and legal expenses
Blue Sky conversion expenses (if necessary)
All other out-of-pocket expenses
A-2
