LETTER AGREEMENT
LETTER AGREEMENT
Xxxxxxx Fund Services Company
0000 Xxxxxx Xxxxxx, 00xx Xxxxx
Xxxxxxx, XX 00000
| Re: | Amended and Restated Administrative Agreement |
This Letter Agreement relates to the Amended and Restated Administrative Agreement between Xxxxxxx Investment Company (“RIC”) and Xxxxxxx Fund Services Company (“RFSC”) dated January 1, 2008, as amended (the “Agreement”). RIC advises you that it is creating two new funds to be named the Xxxxxxx Tax-Managed International Equity Fund and the Xxxxxxx Multi-Strategy Income Fund (the “New Funds”). RIC desires RFSC to provide administrative services to the New Funds pursuant to the terms and conditions of the Agreement. The fees to be charged by RFSC in return for its services shall be as set forth below, per Section 6.A.(1) Table 2 of the Letter Agreement dated May 20, 2014 and effective June 1, 2014.
Table 2
Fee Schedule (Non-Funds of Funds)
| Xxxxxxx Investment Company Non-Funds of Funds Tiers of Average Daily Net Assets (in billions of USD) |
Fee in Basis Points | |||
| First $17.5 ($0 to $17.5) |
5.00 | |||
| Next $10 (>$17.5 to $27.5) |
4.75 | |||
| Next $10 (>$27.5 to $37.5) |
4.50 | |||
| Next $12.5 (>$37.5 to $50) |
4.25 | |||
| Greater than $50 |
4.00 | |||
Please indicate your acceptance of the amendment to the Agreement by executing this Letter Agreement and returning it to the undersigned.
Sincerely,
| XXXXXXX INVESTMENT COMPANY | ||
| By: | ||
| Xxxx X. Xxxxxxx Treasurer | ||
| Accepted this day of , 2015. | ||
| XXXXXXX FUND SERVICES COMPANY | ||
| By: | ||
| Xxxxxx Xxxxxxxxx President | ||
