Exhibit 23(h)(10)
WHITE OAK GROWTH STOCK FUND
PIN OAK AGGRESSIVE STOCK FUND
RED OAK TECHNOLOGY SELECT FUND
BLACK OAK EMERGING TECHNOLOGY FUND
LIVE OAK HEALTH SCIENCES FUND
(THE" PORTFOLIOS")
SCHEDULE I
DATED AS OF APRIL 1, 2001
AMENDMENT TO THE ADMINISTRATION AGREEMENT DATED AS OF
FEBRUARY 27, 1998 ("AGREEMENT") BY AND BETWEEN
OAK ASSOCIATES FUNDS
AND
SEI INVESTMENTS MUTUAL FUND SERVICES
(FORMERLY KNOWN AS SEI FUNDS RESOURCES)
Fees: Pursuant to Article 4, Section A, the Trust shall pay the Administrator
compensation for services rendered to the Portfolios equal to the
greater of: (i) an annual rate of .04% on the first $10 billion of
assets; .0175% on the next $5 billion of assets and .015% on all assets
over $15 billion, or (ii) a Trust level minimum equal to $95,000
annually per each Portfolio and $18,750 annually per any additional
class. The fees are calculated daily per Portfolio and paid monthly. If
total complex net assets fall below $5 billion there is a monthly call
allowance at 300 [IS] calls over the monthly allowance to be charged as
a fund expense and 400 [IVR] calls per $100 million of monthly average
net assets with $5 per call over the monthly allowance to be charged as
a fund expense.
Term: Pursuant to Article 10, by this amended Schedule, the Agreement shall be
extended for a term of three (3) years from the date hereof (through
March 31, 2004), and thereafter, shall continue in effect for successive
one (1) year periods, unless terminated as provided in this Article 10.
Article 10 is further amended to provide that the Agreement may be
terminated by the Trust with 90 days written notice to the
Administrator in the event the phone service or marketing review
services being provided to the Trust as of the date hereof by SEI
Investments Mutual Funds Services are terminated.
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.
(SIGNATURES ON FOLLOWING PAGE)
Except as expressly provided in this amended Schedule I dated as of April
1, 2001, all other terms and conditions of the Agreement shall remain in full
force and effect.
ACCEPTED AND AGREED:
OAK ASSOCIATES FUNDS
By: /S/ XXXXXXX X. XXXXX
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Name: Xxxxxxx X. Xxxxx
Title: President
Attest/Witness: /S/ XXXXXXX XXXXXX
------------------
Name: Xxxxxxx Xxxxxx
Title: Vice President
SEI INVESTMENTS MUTUAL FUNDS SERVICES
By: /S/ XXXXXXX X. XXXXXXX
----------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Vice President
Attest/Witness: /S/ XXXXX X. XXXXXXXX
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Name: Xxxxx X. Xxxxxxxx
Title: Account Director
