Exhibit 9(a)(3)
AMENDMENT TO
ADMINISTRATION AGREEMENT
This Amendment is made as of January 1, 1998, between Xxxxxx Investment
Trust (the "Trust"), formerly known as Xxxxxx Xxxxxxxx Investment Trust, and
BISYS Fund Services Limited Partnership d/b/a BISYS Fund Services (the
"Administrator"). The parties hereby amend the Administration Agreement (the
"Agreement") between the Trust and the Administrator, dated as of November 14,
1996, as set forth below.
WHEREAS, the parties hereto wish to modify Schedule A to the Agreement by
amending the sections entitled "Fees" and "Term".
NOW THEREFORE, in consideration of the foregoing and the mutual premises
and covenants herein set forth, the parties agree as follows:
1. Capitalized terms not otherwise defined herein shall have the same
meaning as in the Agreement.
2. Schedule A to the Agreement shall be amended by adding the following
paragraph at the end of the section entitled "Fees":
The fee amounts set forth above shall be subject to the following
minimum fees:
Sixty thousand dollars ($60,000) per Portfolio as
of January 1, 1998 until December 31, 1998
Seventy-five thousand dollars ($75,000) per
Portfolio thereafter
3. Schedule A to the Agreement shall be further amended by replacing the
first and second sentences of the first paragraph of the section
entitled "Term" with the following:
The initial term of this Agreement (the "Initial Term") shall be
for a period commencing on the date this Agreement is executed by
both parties and ending on December 31, 1999. This Agreement
shall be renewed automatically for successive periods of two
years
after the Initial Term unless written notice of non-renewal is
provided by either party not less than 90 days prior to the end
of the then-current term.
4. This Amendment may be executed in one or more counterparts, each of
which will be deemed an original, but all of which together shall
constitute one and the same instrument.
5. Except as specifically set forth herein, all other provisions of the
Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
first written above.
XXXXXX INVESTMENT TRUST
By: /s/ Xxxxxxx X. Xxxxxx
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Title: Chairwoman
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BISYS FUND SERVICES
LIMITED PARTNERSHIP
By: BISYS Fund Services, Inc.,
General Partner
By: /s/ Xxxxxx X. Xxxxxxxx
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Title: Senior Vice President
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