EXHIBIT (h)(3)
AMENDMENT NO. 1
TO CO-ADMINISTRATION AGREEMENT
AMENDMENT NO. 1, made as of the 1st of March 2002, to the
Co-Administration Agreement (the "Agreement") dated August 15, 2000 by and
between Armada Funds, a Massachusetts business trust (the "Trust"), SEI
Investments Mutual Funds Services, a Delaware business trust ("SEI"), and
National City Bank, a national banking association (together with SEI, the
"Co-Administrators").
WHEREAS, Article 10 of the Agreement provides that the Initial Term of
the Agreement shall end on August 1, 2002; and
WHEREAS, the parties wish to amend the Agreement to extend the Initial
Term of the Agreement through October 31, 2002.
NOW, THEREFORE, in consideration of the premises and covenants
contained in the Agreement and this Amendment, the Trust and the Administrator
hereby agree as follows:
1. The Initial Term of the Agreement as set forth in Article 10 of the
Agreement shall be extended until October 31, 2002.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment No. 1 to the Agreement as of the day and year first written above.
ARMADA FUNDS
By: /s/ Xxxxxxx X. Xxxxxxx, Xx.
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Name: Xxxxxxx X. Xxxxxxx, Xx.
Title: President
SEI INVESTMENTS MUTUAL FUNDS SERVICES
By: /s/ Xxxx Xxxxx
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Name: Xxxx Xxxxx
Title: Vice President and Assistant Secretary
NATIONAL CITY BANK
By: /s/ Xxxxxxxx X. Xxxx
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Name: Xxxxxxxx X. Xxxx
Title: Senior Vice President
