EXHIBIT 9(B)
AMENDMENT TO THE AMENDED AND RESTATED FUND ACCOUNTING,
DIVIDEND DISBURSING & TRANSFER AGENT AND ADMINISTRATION AGREEMENT
AMENDMENT TO FUND ACCOUNTING,
DIVIDEND DISBURSING & TRANSFER AGENT
AND ADMINISTRATION AGREEMENT
THIS AMENDMENT, made and entered into effective as of the 23rd day of July,
1995, by and between THE NOTTINGHAM INVESTMENT TRUST, a Massachusetts business
trust (the "Trust"), and THE NOTTINGHAM COMPANY, INC., a North Carolina
corporation (the "Administrator").
WHEREAS, the parties have previously entered into that certain Amended and
Restated Fund Accounting, Dividend Disbursing & Transfer Agent and
Administration Agreement dated October 24, 1994 with respect to all series of
the Trust (the "Agreement").
WHEREAS, the Agreement has been continued from time to time by the parties as
provided therein, with amendments from time to time to Exhibit C thereof,
reflecting the Administrator's Compensation Schedule.
WHEREAS, the parties desire to again amend Exhibit C thereof, all as provided
herein.
NOW THEREFORE, the Trust and the Administrator do mutually promise and agree as
follows:
1. Amendments. The Agreement is hereby amended by deleting Exhibit C
thereof and substituting in lieu thereof a new Exhibit C in the form
attached hereto.
2. Ratification. Except as continued and provided above, the Agreement
shall continue in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be signed by their
duly authorized officers on the date first above written.
ATTEST: THE NOTTINGHAM INVESTMENT TRUST
By:
(Seal)
ATTEST: THE NOTTINGHAM COMPANY, INC.
By:
(Seal)
Exhibit C
ADMINISTRATOR'S COMPENSATION SCHEDULE
For the services delineated in the FUND ACCOUNTING, DIVIDEND DISBURSING &
TRANSFER AGENT AND ADMINISTRATION AGREEMENT, the Administrator shall be
compensated monthly, as of the last day of each month, within five business days
of the month end, a base fee plus a fee based upon net assets according to the
following schedule. The fee is calculated based upon the average daily net
assets of each Fund:
Base Fee: $2,000 per month
Class Fee: $750 per month for each additional
Equity and Balanced Funds
(For all Funds except ones specifically listed below)
Annual
Net Assets Fee
On the first $50 million 0.20%
On the next $50 million 0.175%
On all assets over $100 million 0.15%
Fixed Income Funds
(For all Funds except ones specifically listed below)
Annual
Net Assets Fee
On all assets 0.15%
Nottingham Short Term Income Fund
Annual
Net Assets Fee
On the first $50 million 0.075%
On the next $50 million 0.10%
On all assets over $100 million 0.125%
Nottingham U.S. Government Money Fund
Net Assets Fee
On all assets 0.10%
Shareholder Recordkeeping Fee
$9.00 per shareholder per year
XXX Accounts
$15 per year (billed directly to the shareholder)
Securities Pricing
$0.20 per equity security per pricing day
$0.20 per corporate bond, government bond, medium-term bond or mortgage backed
security per pricing day
$0.40 per CMO or asset backed securities per pricing day
$0.40 per municipal security per pricing day
$2.00 per equity per month for corporate action coverage
Blue Sky Administration
$100 per Fund per state registration per year
Minimum fee per year
Minimum fee of $3,000 per Fund of the Trust per month for all fees taken in the
aggregate as outlined above, analyzed monthly.
