Exhibit (g)(2)
FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
THIS FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT (this
"Amendment") is made and entered into at Cleveland, Ohio as of February 19, 2001
by and between XXXXXX FUNSHARES, INC., an Ohio corporation (the "Fund") and
XXXXXX X. XXXXXX (the "Advisor").
RECITALS
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A. Fund and Advisor are parties to an Investment Advisory
Agreement dated April 2, 1996 under which Advisor serves as investment advisor
of the Fund.
B. Fund and Advisor have mutually agreed to modify Section 6
of the Advisory Agreement providing for the compensation of Advisor in the
manner set forth below.
IN WITNESS WHEREOF, Fund and Advisor agree as follows:
1. AMENDMENT OF ADVISORY AGREEMENT
Section 6(a) of the Advisory Agreement is hereby amended to read in its
entirety as follows:
(a) In consideration of services rendered in
accordance with this Agreement, the Company will pay the
Advisor a fee on the first business day of each month at the
annual rate of 0.80% of the average value of the Fund's net
assets. Net asset value shall be computed at least once each
week.
2. EFFECTIVE DATE
The effective date of this Amendment is March 1, 2001.
3. EFFECTIVE AMENDMENT
Except as modified hereby, the Advisory Agreement shall remain in full
force and effect.
IN WITNESS WHEREOF, Fund and Advisor have executed this Amendment as of
February 19, 2001.
"FUND"
XXXXXX FUNSHARES, INC.
/s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx, President
"ADVISOR"
/s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx
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