1
EXHIBIT 99.B9(f)
AMENDED APPENDIX I FOR ADMINISTRATIVE
SERVICES AGREEMENT
Amended Appendix I for Administrative Services Agreement
("Amended Appendix I") made as of October 1, 1993 by and between
the registered investment company executing this document (the
"Fund") and Xxxxxx Financial Services, Inc. ("KFS").
WHEREAS, the Fund and KFS are parties to an Administrative
Services Agreement ("ASF Agreement") dated August 1, 1990, as
supplemented from time to time;
WHEREAS, Section 2 of the ASF Agreement provides that the
administrative service fees currently payable by the Fund to KFS
thereunder shall be as set forth in Appendix I thereto subject to
the requirement set forth in said Section 2 that said fees not
exceed an annual rate of .25% of average daily net assets
of the Fund; and
WHEREAS, the parties desire to reflect in this Amended
Appendix I the revised fee schedule for the ASF Agreement as in
effect as of the date hereof;
NOW THEREFORE, in consideration of the premises and the
mutual covenants herein provided, the parties agree as follows:
1. The revised fee schedule for services provided by KFS to
the Fund under the ASF Agreement is as described hereinafter.
The Fund will pay KFS an administrative service fee at a rate
sufficient to reimburse KFS for service fee payments made by KFS
to broker-dealer firms and other financial services firms
("Firms") that are retained by KFS to provide information and
administrative services for their clients as contemplated by
Section 1 of the ASF Agreement. KFS will pay Firms a service fee
at an annual rate of (a) up to .15 of 1% of net assets of those
accounts in the Fund that they maintain and service attributable
to shares acquired prior to October 1, 1993, and (b) up to .25 of
1% of net assets of those accounts in the Fund that they maintain
and service attributable to shares acquired on or after October
1, 1993. For this purpose, Firms shall only include
broker-dealers and other financial services firms listed on the
records of the Fund as "dealer of record," and shall not include
KFS. In no event shall the fee paid to KFS exceed the
limitations set forth in Section 2 of the ASF Agreement.
2
2. This Amended Appendix I shall become a part of the ASF
Agreement and subject to its terms and shall supersede all
previous fee schedules under such Agreement, including the
current Appendix I thereto, as of the date hereof.
IN WITNESS WHEREOF, the Fund and KFS have duly executed this
Amended Appendix I as of the day and year first set forth above.
XXXXXX ADJUSTABLE RATE U.S. GOVERNMENT FUND
By: /s/ Xxxx X. Xxxxxx
---------------------------------------
Title: Vice President
XXXXXX FINANCIAL SERVICES, INC.
By: /s/ Xxxxxx Xxxxxxx
---------------------------------------
Title: CFO & Sen. Exec. V.P.
2
