AGREEMENT made this 28th day of February, 2001, by and between Oak Associates
Funds, a Massachusetts business trust (the "Trust"), and Oak Associates, ltd.
(the "Adviser") (together, the "Parties").
The Adviser hereby agrees to waive its fee and/or reimburse expenses to the
extent necessary to limit the total operating expenses at the following levels
for a period of one year from the date of this Agreement for each of the
following funds:
Fund Total Operating Expenses
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Pin Oak Aggressive Stock Fund 1.00%
Red Oak Technology Stock Fund 1.00%
White Oak Growth Stock Fund 1.00%
Black Oak Emerging Technology Fund 1.00%
The Trust acknowledges that the Adviser may engage in brokerage transactions
using Fund assets with brokers who agree to pay a portion of the Fund's
expenses, and that the Adviser's guarantee of Fund expense ratios takes into
account these expense-limiting agreements.
This Agreement shall be renewable at the end of each one year period for an
additional one year period upon the written agreement of the parties hereto.
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed
as of the day and year first written above.
OAK ASSOCIATES FUNDS OAK ASSOCIATES, ltd.
By: /s/ Xxxxxx Xxxxx By: /s/ Xxxxx Xxxxxxxxxxx
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Name: Xxxxxx Xxxxx Name: Xxxxxx Xxxxx
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Title: Vice President Title: Vice President
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