| 1. | Appointment of USBFS as Fund Accountant |
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| 2. | Services and Duties of USBFS |
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|   | (1) | Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund. |
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|   | (2) | For each valuation date, obtain prices from a pricing source approved by the Board of Directors of the Fund (the “Board of Directors” or the “Directors”) and apply those prices to the portfolio positions.  For those securities where market quotations are not readily available, the Board of Directors, or a designee thereof, shall provide, in good faith, the fair value for such securities. |
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|   | (3) | Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for the accounting period. |
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|   | (4) | Determine gain/loss on security sales and identify them as short-term or long-term; account for periodic distributions of gains or losses to shareholders and maintain undistributed gain or loss balances as of each valuation date. |
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|   | (1) | For each valuation date, record the expense accrual amounts as directed by the Fund as to methodology, rate or dollar amount. |
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|   | (2) | Record payments for expenses upon receipt of written authorization from the Fund. |
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|   | (3) | Account for expenditures and maintain expense accrual balances at the level of accounting detail, as agreed upon by USBFS and the Fund. |
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|   | (4) | Provide expense accrual and payment reporting. |
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|   | (1) | Account for Fund share repurchases, tenders, sales, exchanges, transfers, dividend reinvestments, and other Fund share activity as reported by the Fund’s transfer agent on a timely basis. |
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|   | (2) | Apply equalization accounting as directed by the Fund. |
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|   | (3) | Determine net investment income (earnings) for the Fund as of each valuation date.  Account for periodic distributions of earnings to shareholders and maintain undistributed net investment income balances as of each valuation date. |
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|   | (4) | Maintain a general ledger and other accounts, books, and financial records for the Fund in the form as agreed upon. |
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|   | (5) | Determine the net asset value of the Fund according to the accounting policies and procedures set forth in the Fund's Prospectus or other operative documents. |
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|   | (6) | Calculate per share net asset value, per share net earnings, and other per share amounts reflective of Fund operations at such time as required by the nature and characteristics of the Fund. |
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|   | (7) | Communicate, at an agreed upon time, the per share price for each valuation date to parties as agreed upon from time to time. |
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|   | (8) | Prepare monthly reports that document the adequacy of accounting detail to support month-end ledger balances. |
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|   | (1) | Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for Internal Revenue Service defined regulated investment companies. |
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|   | (2) | Maintain tax lot detail for the Fund’s investment portfolio. |
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|   | (3) | Calculate taxable gain/loss on security sales using the tax lot relief method designated by the Fund. |
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|   | (4) | Provide the necessary financial information to support the taxable components of income and capital gains distributions to the Fund’s transfer agent to support tax reporting to the shareholders. |
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|   | (1) | Support reporting to regulatory bodies and support financial statement preparation by making the Fund's accounting records available to the Fund, the Securities and Exchange Commission (the “SEC”), and the outside auditors. |
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|   | (2) | Maintain accounting records according to the 1940 Act and regulations provided thereunder. |
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|   | (1) | Reconcile cash and investment balances of the Fund with the Fund’s custodian, and provide the Fund with the beginning cash balance available for investment purposes. |
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|   | (2) | Transmit or mail a copy of the portfolio valuation to the Fund. |
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|   | (3) | Review the impact of current day’s activity on a per share basis, and review changes in market value. |
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|   | (1) | Prepare monthly security transactions listings. |
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|   | (2) | Supply various statistical data as requested by the Fund on an ongoing basis. |
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|   | (3) | Prepare a monthly reconciliation between the Fund’s cash portfolio as held on USBFS’ accounting records and the Fund’s internal records. |
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| 3. | License of Data; Warranty; Termination of Rights |
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|   | A. | The valuation information and evaluations being provided to the Fund by USBFS pursuant hereto (collectively, the “Data”) is being licensed, not sold, to the Fund.  The Fund  has a limited license to use the Data only for purposes necessary to valuing the Fund’s assets and reporting to regulatory bodies (the “License”).  The Fund does not have any license nor right to use the Data for purposes beyond the intentions of this Agreement including, but not limited to, resale to other users or use to create any type of historical database.  The License is non-transferable and not sub-licensable.  The Fund’s right to use the Data cannot be passed to or shared with any other entity. |
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|   | B. | THE FUND HEREBY ACCEPTS THE DATA AS IS, WHERE IS, WITH NO WARRANTIES, EXPRESS OR IMPLIED, AS TO MERCHANTABILITY OR FITNESS FOR ANY PURPOSE OR ANY OTHER MATTER. |
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|   | C. | USBFS may stop supplying some or all Data to the Fund if USBFS’ suppliers terminate any agreement to provide Data to USBFS.  Also, USBFS may stop supplying some or all Data to the Fund if USBFS reasonably believes that the Fund is using the Data in violation of the License, or breaching its duties of confidentiality provided for hereunder, or if any of USBFS’ suppliers demand that the Data be withheld from the Fund.  USBFS will provide notice to the Fund of any termination of provision of Data as soon as reasonably possible. |
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| 4. | Pricing of Securities |
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|   | A. | For each valuation date, USBFS shall obtain prices from a pricing source recommended by USBFS and approved by the Board of Directors and apply those prices to the portfolio positions of the Fund.  For those securities where market quotations are not readily available, the Board of Directors shall approve, in good faith, procedures for determining the fair value for such securities. |
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|   | B. | In the event that the Fund at any time receives Data containing evaluations, rather than market quotations, for certain securities or certain other data related to such securities, the following provisions will apply:  (i) evaluated securities are typically complicated financial instruments.  There are many methodologies (including computer-based analytical modeling and individual security evaluations) available to generate approximations of the market value of such securities, and there is significant professional disagreement about which method is best.  No evaluation method, including those used by USBFS and its suppliers, may consistently generate approximations that correspond to actual “traded” prices of the securities; (ii) methodologies used to provide the pricing portion of certain Data may rely on evaluations; however, the Fund acknowledges that there may be errors or defects in the software, databases, or methodologies generating the evaluations that may cause resultant evaluations to be inappropriate for use in certain applications; and (iii) the Fund assumes all responsibility for edit checking, external verification of evaluations, and ultimately the appropriateness of using Data containing evaluations, regardless of any efforts made by USBFS and its suppliers in this respect. |
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| 5. | Changes in Accounting Procedures |
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| 6. | Changes in Equipment, Systems, Etc. |
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| 7. | Compensation |
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| 8. | Representations and Warranties |
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|   | A. | The Fund hereby represents and warrants to USBFS, which representations and warranties shall be deemed to be continuing throughout the term of this Agreement, that: |
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|   | (1) | It is duly organized and existing under the laws of the jurisdiction of their organization, with full power to carry on its business as now conducted, to enter into this Agreement and to perform its respective obligations hereunder; |
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|   | (2) | This Agreement has been duly authorized, executed and delivered by the the Fund in accordance with all requisite action and constitutes a valid and legally binding obligation of the the Fund, enforceable in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties; and |
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|   | (3) | It is conducting their business in compliance in all material respects with all applicable laws and regulations, both state and federal, and has obtained all regulatory approvals necessary to carry on its business as now conducted; there is no statute, rule, regulation, order or judgment binding on it and no provision of its charters, bylaws or any contract binding it or affecting their property which would prohibit its execution or performance of this Agreement. |
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|   | B. | USBFS hereby represents and warrants to the Fund, which representations and warranties shall be deemed to be continuing throughout the term of this Agreement, that: |
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|   | (1) | It is duly organized and existing under the laws of the jurisdiction of its organization, with full power to carry on its business as now conducted, to enter into this Agreement and to perform its obligations hereunder; |
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|   | (2) | This Agreement has been duly authorized, executed and delivered by USBFS in accordance with all requisite action and constitutes a valid and legally binding obligation of USBFS, enforceable in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties; and |
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|   | (3) | It is conducting its business in compliance in all material respects with all applicable laws and regulations, both state and federal, and has obtained all regulatory approvals necessary to carry on its business as now conducted; there is no statute, rule, regulation, order or judgment binding on it and no provision of its charter, bylaws or any contract binding it or affecting its property which would prohibit its execution or performance of this Agreement. |
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| 9. | Standard of Care; Indemnification; Limitation of Liability |
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|   | A. | USBFS shall exercise reasonable care in the performance of its duties under this Agreement.  Neither USBFS nor its suppliers shall be liable for any error of judgment or mistake of law or for any loss suffered by the Fund or any third party in connection with its duties under this Agreement, including losses resulting from mechanical breakdowns or the failure of communication or power supplies beyond USBFS’ control, except a loss arising out of or relating to USBFS’ refusal or failure to comply with the terms of this Agreement or from its bad faith, negligence, or willful misconduct in the performance of its duties under this Agreement.  Notwithstanding any other provision of this Agreement, if USBFS has exercised reasonable care in the performance of its duties under this Agreement, the Fund shall indemnify and hold harmless USBFS and its suppliers from and against any and all claims, demands, losses, expenses, and liabilities of any and every nature (including reasonable attorneys’ fees) that USBFS or its suppliers may sustain or incur or that may be asserted against USBFS or its suppliers by any person arising out of or related to (X) any action taken or omitted to be taken by it in performing the services hereunder (i) in accordance with the foregoing standards, or (ii) in reliance upon any written or oral instruction provided to USBFS by any duly authorized officer of the Fund, as approved by the Board of Directors of the Fund, or (Y) the Data, or any information, service, report, analysis or publication derived therefrom, except for any and all claims, demands, losses, expenses, and liabilities arising out of or relating to USBFS’ refusal or failure to comply with the terms of this Agreement or from its bad faith, negligence or willful misconduct in the performance of its duties under this Agreement.  This indemnity shall be a continuing obligation of the Fund, its successors and assigns, notwithstanding the termination of this Agreement.  As used in this paragraph, the term “USBFS” shall include USBFS’ directors, officers and employees. |
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|   | B. | In order that the indemnification provisions contained in this section shall apply, it is understood that if in any case the indemnitor may be asked to indemnify or hold the indemnitee harmless, the indemnitor shall be fully and promptly advised of all pertinent facts concerning the situation in question, and it is further understood that the indemnitee will use all reasonable care to notify the indemnitor promptly concerning any situation that presents or appears likely to present the probability of a claim for indemnification.  The indemnitor shall have the option to defend the indemnitee against any claim that may be the subject of this indemnification.  In the event that the indemnitor so elects, it will so notify the indemnitee and thereupon the indemnitor shall take over complete defense of the claim, and the indemnitee shall in such situation initiate no further legal or other expenses for which it shall seek indemnification under this section.  The indemnitee shall in no case confess any claim or make any compromise in any case in which the indemnitor will be asked to indemnify the indemnitee except with the indemnitor’s prior written consent. |
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|   | C. | The indemnity and defense provisions set forth in this Section 9 shall indefinitely survive the termination and/or assignment of this Agreement. |
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|   | D. | If USBFS is acting in another capacity for the Fund pursuant to a separate agreement, nothing herein shall be deemed to relieve USBFS of any of its obligations in such other capacity. |
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| 10. | Proprietary and Confidential Information |
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| 11. | Term of Agreement; Amendment |
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| 12. | Records |
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| 13. | Governing Law |
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| 14. | Duties in the Event of Termination |
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| 15. | No Agency Relationship |
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| 16. | Data Necessary to Perform Services |
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| 17. | Notification of Error |
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| 18. | Compliance with Laws |
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| 19. | Assignment |
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| 20. | Notices |
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| 21. | Entire Agreement |
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| BUSINESS DEVELOPMENT CORPORATION OF AMERICA |                     | U.S. BANCORP FUND SERVICES, LLC |
|---------------------------------------------|--------------------------|---------------------------------|
|                                        |                     |                            |   |   |
|                                        |                     |                            |   |   |
| By:                                         | /s/ Brian S. Block  |                            | By: | /s/ Joe D. Redwine  |
|                                        |                     |                            |   |   |
| Title:                                      | EVP & CFO       |                            | Title: | President  |

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|   | § | Advisor Information Source Web portal |
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| § | $0.15 Domestic and Canadian Equities/Options |
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| § | $0.50 Corp/Gov/Agency Bonds/International Equities/Futures/Currency Rates |
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| § | $0.80 CMOs/Municipal Bonds/Money Market Instruments/International Bonds |
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| § | $2.25 /Fund per Day - Bank Loans |
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| § | $3.00 /Fund per Day - Credit Default Swaps/Swaptions |
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| § | $1.50 /Fund per Day - Basic Interest Rate Swaps |
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| § | $125 /Fund per Month - Mutual Fund Pricing |
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| § | $2.00 /Foreign Equity Security per Month for Corporate Action Service |
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| § | $1.00 /Domestic Equity Security per Month for Corporate Action Service |
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| § | $125 /Month Manual Security Pricing (>10/day) |
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| § | $1.50 /CMO/Month |
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| § | $0.25 /Mortgage Backed/Month |
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| § | $300 /Month Minimum/Fund Group |
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| § | $0.60 on the First 100 Securities/Day |
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| § | $0.44 on the Balance of Securities/Day |
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