Exhibit 24(b)(9)(b)(ii)
AMENDMENT TO ADMINISTRATION AGREEMENT
This Agreement, dated as of the 13th day of December, 1994 made by and
between Xxxxxxxx International Funds, a Delaware Business Trust (the "Trust")
operating as an open-end management investment company registered under the
Investment Company Act of 1940, as amended, duly organized and existing under
the laws of the State of Delaware and Fund/Plan Services, Inc. ("Fund/Plan"), a
corporation duly organized and existing under the laws of the State of Delaware
(collectively, the "Parties").
WITNESSETH THAT:
WHEREAS, the Trust and Fund/Plan have entered into an agreement dated
August 12, 1994 wherein Fund/Plan agreed to provide mutual fund administration
and related services to the Trust (Administration Agreement); and
WHEREAS, the Parties wish to amend the Administration Agreement to include
under its terms one additional separate series of shares identified as:
Xxxxxxxx Korea Fund;
NOW THEREFORE, in consideration of the premises and mutual covenants
contained herein, the Parties hereto, intending to be legally bound, do hereby
agree:
1. To amend Schedule "B" to the Administration Agreement in the form
attached hereto as Schedule "B"; and
2. To amend Schedule "C" to the Administration Agreement in the form
attached hereto as Schedule "C".
This Agreement shall take effect upon the date which the amendment to the
registration statement of the Trust registering Xxxxxxxx Korea Fund becomes
effective.
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement
consisting of one typewritten page, together with Schedules "B" and "C", to be
signed by their duly authorized officers and their corporate seals hereunto duly
affixed and attested, as of the day and year first above written.
Xxxxxxxx International Funds Fund/Plan Services, Inc.
/s/ G. Xxxx Xxxxxxxx /s/ Xxxxxxx X. Xxxxx
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By: G. Xxxx Xxxxxxxx, President By: Xxxxxxx X. Xxxxx, President
/s/ Xxxx Xxxxxxx /s/ Xxxxx X. Xxxxx
-------------------------------- ----------------------------------
Attest: Xxxx Xxxxxxx, Vice President & Attest: Xxxxx X. Xxxxx, Secretary
Secretary
Amendment to Administration Agreement between Xxxxxxxx International Funds and
Fund/Plan Services, Inc.
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Dated: November 26, 1996 Page 1
SCHEDULE "B"
============
AS AMENDED ON NOVEMBER 28, 1994
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ADMINISTRATION FEE SCHEDULE
FOR
XXXXXXXX INTERNATIONAL FUNDS
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This Fee Schedule is fixed for a period of two (2) years from the Effective Date
as that term is defined in the Agreement.
I. BASE FEE (calculated using average monthly total net assets and payable
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monthly)
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Subject to the minimum annual fee of $60,000 for the initial two (2)
separate Series of Shares of the Trust (such minimum annual fee to increase
by $10,000 for each additional Series issued by the Trust), the asset based
administration fees shall be calculated at:
.0015 On the First $75 Million of Total Average Net Assets
.0010 On the Next $75 Million of Total Average Net Assets; and
.0005 Of Total Average Net Assets in Excessof $150 Million of Average Net
Assets
Maximum annual fee for the Trust is $500,000.
II. Out of Pocket Expenses:
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Xxxxxxxx International Funds will reimburse Fund/Plan Services monthly for
all reasonable out-of-pocket expenses, including postage, telecommunications
(telephone and fax), special reports, Board Meeting materials, record
retention, transportation costs as incurred and copying and sending
materials to auditors for off-site audits.
II. Other Services Not Covered by this Agreement
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Activities of a non-recurring nature including but not limited to fund
consolidations, mergers, acquisitions, reorganizations, the addition or
deletion of a series, and shareholder meetings/proxies, are not included
herein, and will be quoted separately. To the extent the Trust should decide
to issue multiple/separate classes of shares, additional fees will apply.
Any additional/enhanced services or reports wil be quoted upon request.
Amendment to Administration Agreement between Xxxxxxxx International Funds and
Fund/Plan Services, Inc.
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Page 2
Dated: November 25, 1996
SCHEDULE "C"
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AS AMENDED ON NOVEMBER 28, 1994
===============================
IDENTIFICATION OF SERIES
Below are listed the "Series" to which services under this Agreement are to be
performed as of the execution date of this Agreement:
XXXXXXXX INTERNATIONAL FUNDS
1. Xxxxxxxx Pacific Tiger Fund
2. Xxxxxxxx Asian Convertible Securities Fund
3. Xxxxxxxx Korea Fund
This Schedule "C" may be amended from time to time by agreement of the Parties.
Amendment to Administration Agreement between Xxxxxxxx International Funds and
Fund/Plan Services, Inc.
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Page 3
Dated: November 25, 1996
