XXXXXX BROTHERS INCOME FUNDS
INVESTOR CLASS
ADMINISTRATION AGREEMENT
SCHEDULE A
The Investor Class of the Series of Xxxxxx Brothers Income Funds currently
subject to this Agreement are as follows:
Xxxxxx Brothers California Tax-Free Money Fund
Xxxxxx Brothers High Income Bond Fund
Xxxxxx Brothers Municipal Money Fund
Xxxxxx Brothers Municipal Securities Trust
Xxxxxx Brothers New York Municipal Money Fund
Xxxxxx Brothers Short Duration Bond Fund
Xxxxxxxxx Xxxxxx Cash Reserves
Xxxxxxxxx Xxxxxx Government Money Fund
Date: September 15, 2007
XXXXXX BROTHERS INCOME FUNDS
INVESTOR CLASS
ADMINISTRATION AGREEMENT
SCHEDULE B
Compensation pursuant to Paragraph 3 of the Xxxxxx Brothers Income Funds
Investor Class Administration Agreement shall be:
(1) For the services provided to the Trust or to each Series without
regard to class, 0.06% per annum of the average daily net assets of
the Investor Class of each Series;
(2) For the services provided to the Investor Class of a Series and its
shareholders (including amounts paid to third parties), 0.21% per
annum of the average daily net assets of the Investor Class of said
Series; plus in each case
(3) Certain out-of-pocket expenses for technology used for shareholder
servicing and shareholder communication, subject to the prior approval
of an annual budget by the Trust's Board of Trustees, including a
majority of those Trustees who are not interested persons of the Trust
or of Xxxxxxxxx Xxxxxx Management Inc., and periodic reports to the
Board of Trustees on actual expenses.
Date: June 1, 2007
