Exhibit h(ii)
EXECUTION COPY
AMENDMENT No. 1 TO
ADMINISTRATION AGREEMENT
AMENDMENT No. 1, made as of August 1, 2002, to the Administration Agreement
dated as of January 11, 1994 between X.X. Xxxxxxx & Co. Growth Fund, Inc., a
Maryland corporation (the "Fund) and State Street Bank and Trust Company, a
Massachusetts trust company (the "Bank").
WHEREAS, the Fund and the Bank have entered into an Administration
Agreement for the provision by the Bank of certain administrative services to
the Fund and;
WHEREAS, the Fund and the Bank wish to amend the Administration Agreement;
NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained, the parties hereto agree as follows:
1. Section 4 entitled "Administration Services" shall be deleted in its
entirety and replaced with the following:
"4. Administration Services
The Bank shall discharge the responsibilities set forth in Schedule B
and Schedule B-2 hereof subject to the control of the Fund in accordance
with procedures established from time to time between the Fund and the
Bank.
The Bank and the Fund agree that all services provided hereunder are
subject to review and correction by the Fund's accountants and/or legal
counsel and the services provided by the Bank shall not constitute the
practice of public accountancy or law."
This Amendment contains the entire understanding between the parties with
respect to the transactions contemplated hereby. To the extent that any
provision of this Amendment modifies or is otherwise inconsistent with any
provision of the prior agreement, this Amendment shall control, but the prior
agreement shall otherwise remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their officers designated below as of the date first written above.
X.X. XXXXXXX & CO. GROWTH FUND, INC. STATE STREET BANK AND TRUST COMPANY
By: /s/ Xxxxx X. Xxxxxxxx By: /s/ Xxxx X. Xxxxxx
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Name: Xxxxx X. Xxxxxxxx Name: Xxxx X. Xxxxxx
Title: President Title: Executive Vice President
