EXHIBIT
(k)(3)
AMENDMENT NO. 1 TO ADMINISTRATION AGREEMENT
FOR
REPORTING AND ACCOUNTING SERVICES
This amendment No. 1
(the "Amendment") to the Administration
Agreement for Reporting and Accounting Services dated July 9, 1992 (the
"Agreement"), between State Street Bank and
Trust Company (the "Bank") and The China
Fund, Inc. (the "Fund") is dated as of March
7, 2002.
WHEREAS, pursuant to the Agreement the Bank provides
administrative and other services to the Fund; and
WHEREAS, the
Fund desires to expand the administrative services provided by the Bank
to include legal administration services to the Fund and the Bank is
willing to render such services for additional fees;
NOW,
THEREFORE, the parties agree as
follows:
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
1. |
Schedule B to the Agreement
describing the services to be provided by the Bank is hereby deleted in
its entirety and Schedule B in the form attached to this Amendment is
substituted therefor. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
2. |
Schedule C describing
the fees payable to the Bank is deleted in its entirety and Schedule C
in the form attached to this Amendment is substituted
therefor. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
3. |
All other terms and conditions of
the Agreement remain in full force and effect. |
IN WITNESS
WHEREOF, the parties hereto have caused this amendment to be executed
by their officers designated below as of the date set forth above.
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
THE
CHINA FUND, INC. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
STATE STREET BANK
AND TRUST COMPANY |
By: |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
/s/ Xxx X.
Xxxxx |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
By: |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
/s/ Xxxx X.
Xxxxxx |
Name: Xxx X.
Xxxxx |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
Name: Xxxx X. Xxxxxx |
Title: Secretary |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
Title:
Executive Vice President |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
1
SCHEDULE B
TO
ADMINISTRATION AGREEMENT
Reporting and
Accounting Services Provided by the
Bank
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
A. |
Oversee the determination and
publication of the Fund's net asset value in accordance with the
Fund's policy as adopted from time to time by the Board of
Directors; |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
B. |
Oversee the maintenance
by the Bank and Fund of certain books and records of the Fund as
required under Rule 31a-1 (b) (4) of the Investment Company
Act; |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
C. |
Prepare the Fund's
federal, state and local income tax returns for review by the
independent accountants and filing by the
treasurer; |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
D. |
Review the
appropriateness of and arrange for payment of the Fund's
expenses; |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
E. |
Perform such compliance
reviews of the Fund as may be agreed upon between the Fund and the
Bank. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
F. |
Prepare for review and
approval by officers of the Fund financial information for the
Fund's semi-annual and annual reports, proxy statements and other
communications with
shareholders; |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
G. |
Prepare for review
by an officer and counsel of the Fund certain periodic financial
reports required by the Securities and Exchange Commission as may be
mutually agreed upon; |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
H. |
Prepare
reports relating to the business and affairs of the Fund as may be
mutually agreed upon and not otherwise appropriately prepared by the
Fund's Investment Manager, the Direct Investment Manager,
custodian, counsel or
auditors; |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
I. |
Make such reports and
recommendation to the Board concerning the performance of the
independent accountants as the Board may reasonably request or deems
appropriate; |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
J. |
Make such reports and
recommendations to the Board concerning the performance and fees of the
Fund's custodian and transfer agent as the Board may reasonably
request or deems appropriate; |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
K. |
Oversee and review calculations of
fees paid to the Investment Manager, the Direct Investment Manager, the
custodian and the transfer
agent; |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
L. |
Consult with the
Fund's officers, independent accountants, legal counsel,
custodian and shareholder servicing agent in establishing the
accounting policies of the
Fund; |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
M. |
Review implementation by the
Fund of any dividend reinvestment programs authorized by the Board of
Directors; |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
N. |
Provide such assistance
to the Investment Manager and the Direct Investment Manager, the
custodian, the transfer agent and the Fund's counsel and auditors
as may be mutually agreed upon to properly carry on the business and
operations of the Fund; and |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
O. |
Respond to or refer to the
Fund's officers or transfer agent any shareholder inquiries
relating to the Fund. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
P. |
Provide
personnel for the Fund officer positions of President, Treasurer and
Secretary. |
Certain details of the scope of the
Bank's services hereunder shall be documented in the Compliance
Manual and Fund Profile as amended from time to time.
Legal Administration Services Provided by the
Bank
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
A. |
Corporate Secretarial
Services |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
1. |
Maintain corporate
calendar. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
2. |
Draft agenda for meeting;
circulate for comment; coordinate pre-Board meeting conference call to
finalize agenda; and finalize. |
2
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
3. |
Preparation of Board
materials, including: |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
1) |
Requesting
materials from investment managers, auditors (if applicable), fund
counsel, other State Street departments and outside providers such as
insurance agents. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
2) |
Drafting Board
resolutions. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
3) |
Drafting legal
memoranda on issues to be discussed at the Board
meeting. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
4. |
Photocopy and distribution of
Board materials. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
5. |
Attendance at Board
meetings and presentation of legal issues, if
desired. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
6. |
Preparation of Directors'
Supplement on an annual basis. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
7. |
Draft
regular Board meeting minutes, circulate for comment and finalize Board
materials. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
8. |
Review of compliance reports and
quarterly management reports from investment
managers. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
9. |
Maintain corporation in good
standing. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
10. |
Provide written regulatory
development updates materials to the
Directors. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
11. |
Prepare materials for valuation
committees and coordinate valuation committee
meetings. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
12. |
Review existing fund procedures
and Code of Ethics to ensure compliance with applicable law and
industry "best
practices." |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
13. |
Review existing
Board materials and suggest changes to ensure that materials presented
(i) are necessary and appropriate, (ii) are streamlined, concise
and, where appropriate, are presented in a summary, easy-to-read
format, and (iii) address all matters which the SEC has articulated as
areas Directors should review. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
14. |
Prepare
materials for audit committee meetings and coordinate with auditors to
disseminate their
materials. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
B. |
SEC and Other
Filings |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
1. |
Review semi-annual and annual
reports. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
2. |
Preparation of amendments to
registration statement, if needed,
including: |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
1) |
Drafting and
circulating for
comment. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
2) |
Coordinating
EDGARization and filing of prospectus and
SAI. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
3) |
Coordinating printing of
offering memorandum. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
3. |
Review press releases
for dividends and other purposes. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
4. |
Prepare,
circulate and coordinate the filing of Form 8-K and other regulatory
filings as needed. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
C. |
Other
Services |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
1. |
Provide assistance with insurance
issues, including: |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
1) |
Obtaining
quotes from insurance
companies. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
2) |
Monitoring compliance
with fidelity bond
requirements. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
3) |
Completing
insurance applications. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
4) |
Filing
fidelity bond with SEC. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
2. |
Provide assistance
with Codes of Ethics issues, including preparing quarterly Codes of
Ethics certificates and obtaining executed
copies. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
3. |
Provide Shareholder meeting
services, including: |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
1) |
Drafting
proxy statements for annual meetings and circulating for
comment. |
3
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
2) |
Coordinating
printing and filing of proxy
statements. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
3) |
Attending Shareholder
meetings and coordinating the Inspector of
Election. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
4) |
Monitoring votes to
ensure proper
approvals. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
|
5) |
Preparing and
disseminating meeting minutes. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
4. |
Monitor
regulatory and industry developments and pro-actively apprise the Board
of such developments. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
5. |
Act as a resource for
addressing Board members and investment advisers' issues and
liaising with outside counsel when necessary or
appropriate. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
D. |
Fees Included
in Legal Administration Services |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
1. |
All
photocopy charges, including for Board
materials. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
2. |
Facsimile
charges. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
3. |
Telephone
charges. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
4. |
Courier
expenses. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
5. |
Computer research
expenses. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
6. |
Document production. |
Legal Administration Services Not Provided and Fees Not Paid
by the Bank
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
A. |
Legal
Administration Services Not Included |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
1. |
Preparation of proxy statements, Board
materials, etc. for special shareholder meetings. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
2. |
Preparation and filing of exemptive
applications and no-action letters. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
3. |
Preparation of Board materials and
registration statements for new series. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
4. |
Research and provision of information
regarding closed-end fund shareholder activism. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
5. |
Researching and resolving issues of an unusual
nature, such as trademark issues, development of a stock repurchase
program, and issues relating to the disposal of illiquid
investments. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
6. |
Provision of a memorandum
regarding Directors' responsibilities in connection with contract
approval. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
B. |
Expenses Not
Assumed by the Bank |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
1. |
Reasonable foreign
travel expenses of one State Street Legal Services attorney. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
2. |
Fees charged by Lipper Inc. for comparative
fee analyses. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
3. |
Costs of printing and filing
annual reports, prospectuses and proxy statements. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
4. |
Costs of proxy tabulation and
solicitation. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
5. |
SEC filing fees, if
applicable. |
4
SCHEDULE C
TO
ADMINISTRATION
AGREEMENT
FUND ADMINISTRATION FEE SCHEDULE
FOR
THE
CHINA FUND, INC.
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
I. |
FEES FOR FUND
ADMINISTRATION SERVICES: |
The following fee
schedule is for full administration services for The China Fund, Inc.
These services are listed on Schedule B attached to the Agreement. For
these services, the fund will be charged according to the following fee
schedule:
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
Average Assets |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
Annual
Fee Expressed in Basis Points: 1/100 of 1% |
First $150 Million |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
18.00 |
Next $150 Million |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
16.00 |
Thereafter |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
11.00 |
Minimum |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
$235,000 |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
Fund Fees:
The average weekly total net assets of the Fund will be
used to calculate the fee by multiplying the net assets of the Fund by
the basis point fees in the above schedule. The greater of the basis
points or the minimum will be accrued to the Fund.
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
II. |
OUT OF POCKET EXPENSES -
Include, But May Not Be Limited
To: |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
• |
Legal fees, audit fees and other
professional
fees |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
• |
Postage |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
• |
Supplies
related to Fund records |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
• |
Travel and
lodging for Board and Operations meetings |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
• |
Preparation of financial statements other
than Annual and Semi-Annual Reporting, $3,000 per financial report. |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
III. |
SPECIAL ARRANGEMENTS |
Fees for activities of a non-recurring nature such as
reorganizations, and/or preparation of special reports will be subject
to negotiation. Fees for a change in fund structure (i.e., Core and
Feeder) are subject to negotiation.
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
![](https://www.sec.gov/Archives/edgar/data/845379/000095013605002360/spacer.gif) |
IV. |
TERM OF THE FEE
SCHEDULE |
The parties agree that this fee
schedule shall remain in effect until March 31, 2003 and from year to
year thereafter until it is revised as a result of negotiations
initiated by either party.
5