AMENDMENT TO UNDERWRITING AGREEMENT
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This AGREEMENT, dated as of the 25th day of June, 1996 made by and
between Xxxxxxxx Monthly Dividend Shares, Inc. (the "Fund") operating as an
open-end management investment company registered under the Investment Company
Act of 1940, as amended, duly organized and existing under the laws of the State
of Maryland and Fund/Plan Broker Services, Inc. ("FPBS"), a corporation duly
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organized and existing under the laws of the State of Delaware (collectively,
the "Parties").
WITNESSETH THAT:
WHEREAS, the Fund and FPBS have entered into an Agreement dated June
22, 1993, wherein FPBS agreed to provide underwriting services and other related
services to the Fund (Underwriting Agreement); and
WHEREAS, the Parties wish to amend the Underwriting Agreement to
indicate the portion of fees payable under the Underwriting Agreement by the
Fund and the portion payable by Xxxxxxxx Management Company.
NOW, THEREFORE, in consideration of the premises and mutual covenants
contained herein, the Parties hereto, intending to be legally bound, do hereby
agree:
1. To amend the Fee Schedule to the Underwriting Agreement in the
form attached hereto.
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement
consisting of one typewritten page, together with an amended fee schedule, to be
signed by their duly authorized officers, as of the day and year first above
written.
Xxxxxxxx Monthly Dividend Shares, Inc. Fund/Plan Broker Services, Inc.
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By: Xxxxx X. Xxxxxxxx, Chairman By: Xxxxxx X. Xxxxxxx, Vice
President
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Attest: Xxxxxxxx X. Xxxxx, Secretary Attest: Xxxx X. Xxxxxxxxxx, Secretary
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Amendment to Underwriting Agreement between Xxxxxxxx Monthly Dividend Shares,,
Inc. and Fund/Plan Broker Services, Inc.
FUND/PLAN BROKER SERVICES, INC.
FEE SCHEDULE
FOR
XXXXXXXX MONTHLY DIVIDEND SHARES, INC.
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Underwriter will serve as sole underwriter of Xxxxxxxx Monthly Dividend Shares,
Inc., a no-load fund, for the exclusive purpose of facilitating the registration
of its shares of beneficial interest for sale in various states.
Fee: $3,000 per portfolio, annually
$2.00 per kit for inquiry/fulfillment with a $1,500
per month minimum for all Funds managed by Xxxxxxxx
Management Company.
Fund/Plan Broker Services, Inc. in its Broker/Dealer capacity will license
employees of the Fund's Advisor, Xxxxxxxx Management Company, who are engaged in
the sale of shares.
Fee: $1,000 per licensed representative, annually registered in 3 states or
less
$3,500 per licensed representative, annually registered in all states
All fees except the $3,000 annual per portfolio fee will be paid by the Fund's
Advisor, Xxxxxxxx Management Company. The $3,000 annual fee per portfolio will
be paid by the Fund. Out-of-pocket expenses, including telephone, postage,
telecommunications and travel, will be billed to the Fund's Advisor separately.
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Amendment to Underwriting Agreement between Xxxxxxxx Monthly Dividend Shares,
Inc. and Fund/Plan Broker Services, Inc.
