AMENDMENT TO THE
ADMINISTRATION AGREEMENT
THE ADVISORS' INNER CIRCLE FUND II (FORMALLY, THE ARBOR FUND)
XXXXXXX HORIZON TREASURY SECURITIES MONEY MARKET FUND
XXXXXXX HORIZON TAX EXEMPT MONEY MARKET FUND
XXXXXXX HORIZON STRATEGIC INCOME BOND FUND
XXXXXXX HORIZON VALUE FUND
XXXXXXX HORIZON GROWTH FUND
XXXXXXX HORIZON BURKENROAD FUND
XXXXXXX HORIZON PRIME MONEY MARKET FUND
SCHEDULE DATED FEBRUARY 1, 2006
TO THE ADMINISTRATION AGREEMENT
DATED JANUARY 28, 1993
AS AMENDED AND RESTATED NOVEMBER 12, 2002
BETWEEN
THE ARBOR FUND
AND
SEI INVESTMENTS GLOBAL FUND SERVICES
Fees: Pursuant to Article 4, the Trust shall pay the Administrator
compensation for services rendered to the Xxxxxxx Horizon Funds (the
"Portfolios") at an annual rate, which is calculated and acccrued daily
and paid monthly, according to the following schedule:
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Fee (as a percentage of
aggregate average annual assets) Aggregate Trust Assets
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0.125% first $350 million
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0.10% next $400 million
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0.08% over $750 million
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The foregoing is subject to a minimum annual fee of $400,000, subject
to the following:
o For each Portfolio opened hereafter, the minimum annual fee will be
increased by $75,000; and
o For each additional class of Shares of a Portfolio established
after the initial three (3) classes of Shares per Portfolio,
the minimum annual fee will be increased by $10,000.
The Trust will be separately charged $8 per call for each incoming and
outgoing investor service call. Further, if the Trust opens a Portfolio
or a class directed toward retail investors, the Trust will use the
Administrator's Voice Response Unit at the then-prevailing fee.
Term: Pursuant to Article 6, this Agreement shall become effective on May 31,
2003 and shall remain in effect for an Initial Term of five (5) years
from such date and, thereafter, for successive Renewal Terms of three
(3) years each, unless and until this Agreement is terminated by
providing at least ninety (90) days notice prior to the expiration of
the then-current term. In the event of a material breach of this
Agreement by either party, the non-breaching party shall notify the
breaching party in writing of such breach and upon receipt of such
notice, the breaching party shall have 45 days to remedy the breach or
the non-breaching party may immediately terminate this Agreement.
Agreed to and Accepted by:
Advisors' Inner Circle Fund II
(Formally, The Arbor Fund)
BY: /s/ Xxxxx Xxxxxx
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Name: Xxxxx Xxxxxx
Title: Vice President
SEI Investments Global Funds Services
BY: /s/ Xxxxxxxx Xxxxx
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Name: Xxxxxxxx Xxxxx
Title: Executive Vice President
Acknowledged and Agreed to by:
Horizon Advisers, a division of Xxxxxxx Bank, N.A.
BY: /s/ illegible signature
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Name: Illegible signature
Title: Executive Vice President