First Amendment
To
Amended & Restated Expense Limitation Agreement
This First Amendment to Amended & Restated Expense Limitation Agreement for the
Chesapeake Core Growth Fund ("Amendment") is made and entered into this 23rd day
of January 2002, by and between Xxxxxxx Xxxxx Asset Management, LP (the
"Advisor") and Xxxxxxx Xxxxx Investment Trust (the "Trust").
WITNESSETH:
WHEREAS, the Advisor and the Trust wish to amend that certain Amended & Restated
Expense Limitation Agreement ("Agreement") dated June 28, 2001 between the
Advisor and the Trust to modify and change the Reimbursement Amount as defined
in Section 2.1. Reimbursement. of the Agreement;
WHEREAS, the Advisor has requested that the Reimbursement Amount be changed in
order for the Advisor to be able to agree to continue the Agreement beyond
October 31, 2002; and
WHEREAS, the Advisor and the Trust have determined that it is appropriate and in
the best interest of the Fund (as defined in the Agreement) to continue the
Agreement and change the Reimbursement Amount as forth below.
NOW THEREFORE, in consideration of the mutual covenants herein contained, the
parties hereto agree to amend and modify the Agreement effective as of the date
of this Amendment as follows:
1. Modify Reimbursement Amount. In the second sentence of Section 2.1.
Reimbursement. of the Agreement the phrase "previous eight (8) fiscal
years" is substituted in the place of the phrase "previous five (5)
fiscal years".
Except as expressly modified or amended herein, all other terms, provisions and
conditions of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be signed
by their duly authorized officers the day and year first above written.
XXXXXXX XXXXX INVESTMENT TRUST
ON BEHALF OF THE CHESAPEAKE CORE GROWTH FUND
By: _____________________________
Its: ____________________________
XXXXXXX XXXXX ASSET MANAGEMENT, LP
By: _____________________________
Its: ____________________________