1
Exhibit 5(a)(2)
LETTER AGREEMENT
Xxxxx Xxxxxxx Investment Management Company
P.O. Box 1591
Tacoma, WA 98401-1591
Dear Sirs:
This Letter Agreement relates to the Amended and Restated Management Agreement
between Xxxxx Xxxxxxx Investment Company and Xxxxx Xxxxxxx Investment Management
Company dated April 1, 1995 ("Management Agreement"). Xxxxx Xxxxxxx Investment
Company advises you that it is creating five new funds to be named Aggressive
Strategy Fund, Balanced Strategy Fund, Moderate Strategy Fund, Conservative
Strategy Fund and Equity Balanced Strategy Fund (each, a "Fund") and that each
Fund desires Xxxxx Xxxxxxx Investment Management Company to manage the Fund
pursuant to the terms and conditions of the Management Agreement. Section 6A of
the Management Agreement hereby to includes each Fund, with an annual management
fee of 0% of average daily net assets, payable as set forth in that Section.
Please indicate your acceptance of the amendment to the Management Agreement by
executing the acceptance copy of this letter agreement and returning it to the
undersigned.
Sincerely,
XXXXX XXXXXXX INVESTMENT COMPANY
By: /s/ Xxxx X Xxxxxxxx
---------------------------
Xxxx X. Xxxxxxxx
President
Accepted this 5th day of November , 1996.
XXXXX XXXXXXX INVESTMENT MANAGEMENT COMPANY
By: /s/ Xxxx X. Xxxxxxx
---------------------------
Xxxx X. Xxxxxxx
President
Xxxxx Xxxxxxx Company agrees to provide consulting services without charge to
the Investment Company upon the request of the Board of Trustees or Officers of
the Trust, or upon the request of Manager pursuant to Section 2(c).
XXXXX XXXXXXX COMPANY
By: /s/ Xxxxxxx X. X. Xxxxxxxx
---------------------------------
Xxxxxxx X.X. Xxxxxxxx, President
