AMENDMENT NO. 1 TO INVESTMENT MANAGEMENT AGREEMENT
AMENDMENT
NO. 1 TO INVESTMENT MANAGEMENT AGREEMENT
This
Amendment No. 1 to the Investment Management Agreement dated May 1, 2005 (the
“Agreement”), by and between Xxxxxxx MultiFund Trust and Xxxxxxx Capital
Management, Inc. (the “Adviser”), is entered into effective the 12th
day of
September, 2008.
WHEREAS
the Agreement provides for the Adviser to provide certain services to the Trust
for which the Adviser is to receive agreed upon fees; and
WHEREAS
the Adviser and the Trust desire to make certain changes to the
Agreement;
NOW,
THEREFORE, the Adviser and the Trust hereby agree that the Agreement is amended
as follows:
1. Appendix
A of the Agreement hereby is amended to add the following additional Fund:
The
Xxxxxxx Global Build-Out Fund will pay to the Adviser, for all of the services
to be rendered and payments made as provided in
this
Agreement, a base fee, computed and accrued daily and paid monthly, at an annual
rate of 0.60% of its average daily net assets
2. All
other
terms and conditions of the Agreement shall remain in full force and
effect.
IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
on
the 12th
day of
September, 2008.
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XXXXXXX
MULTIFUND TRUST
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By:_/s/
Xxxxxx X. Markman_____________________
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Name:
Xxxxxx X. Xxxxxxx
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Title:
Chairman of the Board of Trustees and President
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XXXXXXX
CAPITAL MANAGEMENT, INC.
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By:_/s/
Xxxxxx X. Markman______________________
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Name:
Xxxxxx X. Xxxxxxx
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Title:
President
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