SUPPLEMENT TO INVESTMENT ADVISORY AGREEMENT
OF
XXXXXX XXXXXXX FUND, INC.
(XXXXXX XXXXXXX MONEY MARKET FUND)
Supplement dated as of September 26, 1996 (the "Supplement") to Investment
Advisory Agreement (the "Agreement") between Xxxxxx Xxxxxxx Fund, Inc. (the
"Fund") and Xxxxxx Xxxxxxx Asset Management Inc. (the "Adviser").
RECITALS
The Fund has executed and delivered the Agreement, dated as of November 17,
1992, between the Fund and the Adviser. The Agreement sets forth the rights and
obligations of the parties with respect to the management of the investment
funds of the Fund. The Fund has created an additional investment fund: the
Xxxxxx Xxxxxxx Money Market Fund (the "Money Market Fund");
AGREEMENTS
NOW, THEREFORE, the parties agree as follows:
The percentage rate in Paragraph 3 of the Agreement will be as follows with
respect to the Money Market Fund:
an annual rate, payable in monthly installments,
of 0.45% of the first $250 million of the average
daily net assets of the Money Market Fund, 0.40%
of the next $250 million of the average daily net
assets of the Money Market Fund, and 0.35% of the
average daily net assets in excess of $500 million
of the Money Market Fund.
This Supplement may be executed in any number of counterparts, each of
which so executed shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same instrument.
The parties listed below have executed this Supplement as of the 25th day
of September, 1996.
XXXXXX XXXXXXX ASSET
MANAGEMENT INC.
By: /s/ Xxxxx X. Xxxxxx
---------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Vice Chairman
XXXXXX XXXXXXX FUND, INC.
By: /s/ Xxxxxx X. Xxxxx
---------------------------------------
Name: Xxxxxx X. Xxxxx
Title: President
SUPPLEMENT TO INVESTMENT ADVISORY AGREEMENT
OF
XXXXXX XXXXXXX FUND, INC.
(XXXXXX XXXXXXX GOVERNMENT OBLIGATIONS MONEY MARKET FUND)
Supplement dated as of September 26, 1996 (the "Supplement") to Investment
Advisory Agreement (the "Agreement") between Xxxxxx Xxxxxxx Fund, Inc. (the
"Fund") and Xxxxxx Xxxxxxx Asset Management Inc. (the "Adviser").
RECITALS
The Fund has executed and delivered the Agreement, dated as of November 17,
1992, between the Fund and the Adviser. The Agreement sets forth the rights and
obligations of the parties with respect to the management of the investment
funds of the Fund. The Fund has created an additional investment fund: the
Xxxxxx Xxxxxxx Government Obligations Money Market Fund (the "Government
Obligations Money Market Fund");
AGREEMENTS
NOW, THEREFORE, the parties agree as follows:
The percentage rate in Paragraph 3 of the Agreement will be as follows with
respect to the Government Obligations Money Market Fund:
an annual rate, payable in monthly installments,
of 0.45% of the first $250 million of the average
daily net assets of the Government Obligations
Money Market Fund, 0.40% of the next $250 million
of the average daily net assets of the Government
Obligations Money Market Fund, and 0.35% of the
average daily net assets in excess of $500 million
of the Government Obligations Money Market Fund.
This Supplement may be executed in any number of counterparts, each of
which so executed shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same instrument.
The parties listed below have executed this Supplement as of the 25th day
of September, 1996.
XXXXXX XXXXXXX ASSET
MANAGEMENT INC.
By: /s/ Xxxxx X. Xxxxxx
---------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Vice Chairman
XXXXXX XXXXXXX FUND, INC.
By: /s/ Xxxxxx X. Xxxxx
---------------------------------------
Name: Xxxxxx X. Xxxxx
Title: President
