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EXHIBIT 99.B (9)(A)
ADMINISTRATION AGREEMENT
Custody Administration and Agency Agreement between The Xxxxxxxx Family of
Funds and Fund/Plan Services, Inc.
C-4 Schedule "B"
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ADMINISTRATION AGREEMENT
This Agreement, dated as of the 20th day of January, 1995, made by and
between The Xxxxxxxx Family of Funds, an Ohio Business Trust (the "Trust")
operating as a registered investment company under the Investment Company Act of
1940, as amended (the "Act"), duly organized and existing under the laws of the
State of Ohio and Fund/Plan Services, Inc. ("Fund/Plan"), a corporation duly
organized and existing under the laws of the State of Delaware (collectively,
the "Parties").
WITNESSETH THAT:
WHEREAS, the Trust is authorized by its Declaration of Trust ("Trust
Instrument") to issue separate series of shares representing interests in
separate investment portfolios (the "Series"), which Series are identified on
Schedule "C" attached hereto, and which Schedule "C" may be amended from time to
time by mutual agreement of the Trust and Fund/Plan; and
WHEREAS, the Parties desire to enter into an agreement whereby
Fund/Plan will provide certain administration services to each of the Series on
the terms and conditions set forth in this Agreement; and
WHEREAS, Fund/Plan is willing to serve in such capacity and perform
such administrative services under the terms and conditions set forth below; and
WHEREAS, the Trust on behalf of each of the Series, will provide
certain information concerning the Series to Fund/Plan as set forth below;
NOW, THEREFORE, in consideration of the premises and mutual covenants
contained herein, the Parties hereto, intending to be legally bound, do hereby
agree as follows:
Section 1. Appointment The Trust hereby appoints Fund/Plan as
administrator to each Series of the Trust and Fund/Plan hereby accepts such
appointment. Also, the Trust agrees to appoint Fund/Plan as administrator to any
additional series which, from time to time may be added to the Trust, upon
amendment of Schedule "C" attached hereto.
Section 2. Conversion The Trust shall promptly turn over to Fund/Plan
such of the Series' accounts and records previously maintained by or for it as
are requested by Fund/Plan to perform its functions under this Agreement. The
Trust authorizes Fund/Plan to rely on such accounts and records turned over to
it and hereby indemnifies and holds Fund/Plan, its successors and assigns,
harmless of and from any and all expenses demands and losses whatsoever arising
out of or in connection with any error, omission, inaccuracy or other deficiency
of such accounts and records.
Custody Administration and Agency Agreement between The Xxxxxxxx Family of
Funds and Fund/Plan Services, Inc.
C-5 Schedule "B"
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Fund/Plan shall make reasonable efforts to isolate and correct any
inaccuracies, omissions, discrepancies, or other deficiencies in the Accountants
and Records delivered to Fund/Plan, to the extent such matters are disclosed to
Fund/Plan or are discovered by it and are relevant to its performance of its
functions under this Agreement; however, Fund/Plan expressly makes no warranty
or representation that any error, omission or deficiency can be satisfactorily
corrected. The Trust shall provide Fund/Plan with such assistance as it may
reasonably request in connection with its efforts to correct such matters. The
Trust agrees to pay Fund/Plan on a current and ongoing basis for its reasonable
time and costs expended on the correction of such matters at an hourly rate of
$50.00, said payment to be in addition to the fees and charges agreed to for the
normal services rendered under this Agreement.
Section 3. Duties and Obligations of Fund/Plan
(a) Subject to the succeeding provisions of this section and subject to
the direction and control of the Board of Trustees of the Trust, Fund/Plan shall
provide to each of the Series all administrative services as set forth in
Schedule "A" attached hereto and incorporated by reference into this Agreement.
In addition to the obligations set forth in Schedule "A", Fund/Plan shall (i)
provide its own office space, facilities and equipment and personnel for the
performance of its duties under this Agreement; and (ii) take all actions it
deems necessary to properly execute administration services on behalf of the
Series.
(b) So that Fund/Plan may perform its duties under the terms of this
Agreement, the Board of Trustees of the Trust shall direct the officers,
investment adviser, distributor, legal counsel, independent accountants and
custodian of the Trust to cooperate fully with Fund/Plan and to provide such
information, documents and advice relating to the Series as is within the
possession or knowledge of such persons provided that no such person need
provide any information to Fund/Plan if to do so would result in the loss of any
privilege or confidential treatment with respect to such information. In
connection with its duties, Fund/Plan shall be entitled to rely, and shall be
held harmless by the Trust when acting in reasonable reliance upon the
instruction, advice or any documents relating to the Series as provided by the
Trust to Fund/Plan by any of the aforementioned persons. All fees charged by any
such persons shall be deemed an expense of the Trust.
(c) Any activities performed by Fund/Plan under this Agreement shall
conform to the requirements of:
Custody Administration and Agency Agreement between The Xxxxxxxx Family of
Funds and Fund/Plan Services, Inc.
C-6 Schedule "B"
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(1) the provisions of the Act, the Securities Act of 1933, as
amended, the Securities Exchange Act of 1934, as amended, and of any rules or
regulations in force thereunder;
(2) any other applicable provision of state and federal law,
including any applicable state blue sky law;
(3) the provisions of the Trust Instrument and By-Laws of the
Trust as amended from time to time;
(4) any policies and determinations of the Board of Trustees
of the Trust; and
(5) the fundamental and other policies of the Series as
reflected in the Trust's registration statement under the Act.
Fund/Plan agrees that all records that it maintains for the Trust are
the property of the Trust and will be surrendered promptly to the Trust upon
written request. Fund/Plan will preserve, for the periods prescribed under Rule
31a-2 under the Act, all such records required to be maintained under Rule 31a-1
of the Act.
(d) Nothing in this Agreement shall prevent Fund/Plan or any officer
thereof from acting as administrator for or with any other person, firm or
corporation. While the administrative services supplied to the Trust may be
different than those supplied to other persons, firms or corporations, Fund/Plan
shall provide the Trust equitable treatment in supplying services. The Trust
recognizes that it will not receive preferential treatment from Fund/Plan as
compared with the treatment provided to other Fund/Plan clients. Fund/Plan
agrees to maintain the records and all other information of the Trust in a
confidential manner and shall not use such information for any purpose other
than the performance of Fund/Plan's duties under this Agreement.
Section 4. Allocation of Expenses All costs and expenses of the Trust
shall be paid by the Trust including, but not limited to:
(a) fees paid to an investment adviser ("Adviser");
(b) interest and taxes;
(c) brokerage fees and commissions;
Custody Administration and Agency Agreement between The Xxxxxxxx Family of
Funds and Fund/Plan Services, Inc.
C-7 Schedule "B"
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(d) insurance premiums;
(e) compensation and expenses of its Trustees who are not affiliated
persons of the Adviser;
(f) legal, accounting and audit expenses;
(g) custodian and transfer agent, or shareholder servicing agent,
fees and expenses;
(h) fees and expenses incident to the registration of the shares of
the Trust under Federal or state securities laws;
(i) expenses related to preparing, setting in type, printing and
mailing prospectuses, statements of additional information,
reports and notices and proxy material to shareholders of the
Trust;
(j) all expenses incidental to holding meetings of shareholders and
Trustees of the Trust;
(k) such extraordinary expenses as may arise, including
litigation, affecting the Trust and the legal obligations
which the Trust may have regarding indemnification of its
officers and trustees; and
(l) fees and out-of-pocket expenses paid on behalf of the Trust by
Fund/Plan.
Section 5. Compensation of Fund/Plan The Trust agrees to pay Fund/Plan
compensation for its services and to reimburse it for expenses, at the rates and
amounts as set forth in Schedule "B" attached hereto, and as shall be set forth
in any amendments to such Schedule "B" approved by the Trust and Fund/Plan. The
Trust agrees and understands that Fund/Plan's compensation be comprised of two
components, payable on a monthly basis, as follows:
Custody Administration and Agency Agreement between The Xxxxxxxx Family of
Funds and Fund/Plan Services, Inc.
C-8 Schedule "B"
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(i) A combined asset-based fee subject to a minimum amount
that the Trust hereby authorizes Fund/Plan to collect by debiting the Trust's
custody account for invoices which are rendered for the services performed. The
invoices for the services performed will be sent to the Trust after such
debiting with the indication that payment has been made; and
(ii) reimbursement of any out-of-pocket expenses paid by
Fund/Plan on behalf of the Trust, which out-of-pocket expenses will be billed to
the Trust within the first ten calendar days of the month following the month in
which such out-of-pocket expenses were incurred. The Trust agrees to reimburse
Fund/Plan for such expenses within ten calendar days of receipt of such xxxx.
For the purpose of determining fees payable to Fund/Plan, the value a
of Series' net assets shall be computed at the times and in the manner specified
in the Series' Prospectus and Statement of Additional Information then in
effect.
During the term of this Agreement, should the Trust seek services or
functions in addition to those outlined above or in Schedule "A" attached, a
written amendment to Schedule "A" and Schedule "B", as necessary, specifying the
additional services and corresponding compensation shall be executed by both
Fund/Plan and the Trust.
Section 6. Duration
(a) The initial term of this Agreement shall be for a period commencing
on the date of this Agreement and ending on a date two (2) years following the
Exchange Date of the reorganization described in the Agreement and Plan of
Reorganization and Liquidation between the Trust and The Advisors' Inner Circle
Fund ("Initial Term").
(b) The fee schedule set forth in Schedule "B" attached shall be fixed
for the Initial Term of this Agreement. Thereafter, the fee schedule will be
subject to review and adjustment, not to exceed 10% of those fees set forth in
Schedule "B."
(c) For any period after the Initial Term of this Agreement, the Trust
or Fund/Plan may give written notice to the other of the termination of this
Agreement, such termination to take effect at the time specified in the notice,
which date shall not be less than one hundred eighty (180) days after the date
of giving notice. Upon the effective termination date, the Trust shall pay to
Fund/Plan such compensation as may be due as of the date of termination and
shall likewise reimburse Fund/Plan for any out-of-pocket expenses and
disbursements reasonably incurred by Fund/Plan to such date.
Custody Administration and Agency Agreement between The Xxxxxxxx Family of
Funds and Fund/Plan Services, Inc.
C-9 Schedule "B"
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(d) This Agreement also may be terminated at any time for "cause,"
after the giving of not less than sixty (60) days' notice.
For purposes of this Agreement, "Cause" shall mean (a) willful
misfeasance, bad faith, negligence or reckless disregard on the part of the
party to be terminated with respect to its obligations and duties set forth
herein; (b) the commencement of a judicial, regulatory or administrative
proceeding by either state or federal authorities in which criminal, illegal or
unethical behavior in the conduct of its business has been alleged against the
party to be terminated; (c) financial difficulties on the part of the party to
be terminated which is evidenced by the authorization or commencement of, or
involvement by way of pleading, answer, consent, or acquiescence in, a voluntary
or involuntary case under Title 11 of the United States Code, as from time to
time is in effect, or any applicable law, other than said Title 11, of any
jurisdiction relating to the liquidation or reorganization of debtors or to the
modification or alteration of the rights of creditors; (d) any assignment (as
that term is defined in the 0000 Xxx) of this Agreement by Fund/Plan, including
any direct or indirect transfer or hypothecation of a controlling block of
Fund/Plan's voting securities by a security holder thereof, shall permit the
Trust to terminate for cause; or (e) any circumstance which substantially
impairs the performance of the obligations and duties of the party to be
terminated, or the ability to perform those obligations and duties, as
contemplated herein.
(e) If a successor to any of Fund/Plan's duties or responsibilities
under this Agreement is designated by the Trust by written notice to Fund/Plan
in connection with the termination of this Agreement, Fund/Plan shall promptly
upon such termination and at the expense of the Trust, transfer all records and
shall cooperate in the transfer of such duties and responsibilities.
Section 7. Amendment No provision of this Agreement may be amended or
modified, in any manner except by a written agreement properly authorized and
executed by Fund/Plan and the Trust.
Section 8. Applicable Law This Agreement shall be governed by the laws
of the Commonwealth of Pennsylvania and the venue of any action arising under
this Agreement shall be Xxxxxxxxxx County, Commonwealth of Pennsylvania.
Custody Administration and Agency Agreement between The Xxxxxxxx Family of
Funds and Fund/Plan Services, Inc.
C-10 Schedule "B"
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Section 9. Limitation of Liability
(a) The Trust is a business trust organized under Chapter 1746, Ohio
Revised Code, and under its Trust Instrument, to which reference is hereby made
and a copy of which is on file at the office of the Secretary of State of Ohio
as required by law, and to any and all amendments thereto so filed or hereafter
filed. The obligations of "The Xxxxxxxx Family of Funds" entered into in the
name or on behalf thereof by any of the Trustees, officers, employees or agents
are made not individually, but in such capacities, and are not binding upon any
of the Trustees, officers, employees, agents or shareholders of the Trust
personally, but bind only the assets of the Trust, as set forth in Section
1746.13(A), Ohio Revised Code, and all persons dealing with any of the Series of
the Trust must look solely to the assets of the Trust belonging to such Series
for the enforcement of any claims against the Trust.
(b) Fund/Plan, its directors, officers, employees, shareholders and
agents shall only be liable for any error of judgment or mistake of law or for
any loss suffered by the Trust in connection with the performance of this
Agreement that result from willful misfeasance, bad faith, gross negligence or
reckless disregard on the part of Fund/Plan in the performance of its
obligations and duties under this Agreement.
(c) Any person, even though a director, officer, employee, shareholder
or agent of Fund/Plan, who may be or become an officer, trustee, employee or
agent of the Trust, shall be deemed when rendering services to such entity or
acting on any business of such entity (other than services or business in
connection with Fund/Plan's duties under the Agreement), to be rendering such
services to or acting solely for the Trust and not as a director, officer,
employee, shareholder or agent of, or under the control or direction of
Fund/Plan even though such person may receive compensation from Fund/Plan.
Custody Administration and Agency Agreement between The Xxxxxxxx Family of
Funds and Fund/Plan Services, Inc.
X-00 Xxxxxxxx "X"
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(x) Notwithstanding any other provision of this Agreement, the Trust
shall indemnify and hold harmless Fund/Plan, its directors, officers, employees,
shareholders and agents from and against any and all claims, demands, expenses
and liabilities (whether with or without basis in fact or law) of any and every
nature which Fund/Plan may sustain or incur or which may be asserted against
Fund/Plan by any person by reason of, or as a result of (i) any action taken or
omitted to be taken by Fund/Plan in good faith, (ii) any action taken or omitted
to be taken by Fund/Plan in good faith in reliance upon any certificate,
instrument, order or stock certificate or other document reasonably believed by
Fund/Plan to be genuine and to be signed, countersigned or executed by any duly
authorized person, upon the oral instructions or written instruction of an
authorized person of the Trust or upon the opinion of legal counsel for the
Trust; or (iii) any action taken in good faith or omitted to be taken by
Fund/Plan in connection with its appointment in reliance upon any law, act,
regulation or interpretation of the same even though the same may thereafter
have been altered, changed, amended or repealed. Indemnification under this
subparagraph shall not apply, however, to actions or omissions of Fund/Plan or
its directors, officers, employees, shareholders or agents in cases of its or
their willful misfeasance, bad faith, gross negligence or reckless disregard of
its or their duties hereunder.
(e) Fund/Plan shall give written notice to the Trust within thirty (30)
business days of receipt by Fund/Plan of a written assertion or claim of any
threatened or pending legal proceeding which may be subject to this
indemnification. The failure to notify the Trust of such written assertion or
claim shall not, however, operate in any manner whatsoever to relieve the Trust
of any liability arising under this Section or otherwise, unless such failure
prejudices the Trust.
(f) For any legal proceeding giving rise to this indemnification, the
Trust shall be entitled to defend or prosecute any claim in the name of
Fund/Plan at its own expense and through counsel of its own choosing if it gives
written notice to Fund/Plan within thirty (30) business days of receiving notice
of such claim. Notwithstanding the foregoing, Fund/Plan may participate in the
litigation at its own expense through counsel of its own choosing. If the Trust
does choose to defend or prosecute such claim, then the parties shall cooperate
in the defense or prosecution thereof and shall furnish such records and other
information as are reasonably necessary.
(g) The terms of this Section 9 shall survive the termination of this
Agreement.
Custody Administration and Agency Agreement between The Xxxxxxxx Family of
Funds and Fund/Plan Services, Inc.
C-12 Schedule "B"
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Section 10. Notices Except as otherwise provided in this Agreement, any
notice or other communication required by or permitted to be given in connection
with this Agreement shall be in writing, and shall be delivered in person or
sent by first class mail, postage prepaid to the respective parties as follows:
If to the Trust: If to Fund/Plan:
---------------- ----------------
The Xxxxxxxx Family of Funds Fund/Plan Services, Inc.
0000 Xxxxxxx Xxxxxx 0 Xxxx Xxx Xxxxxx
Xxxxxxxxx, XX 00000 Xxxxxxxxxxxx, XX 00000
Attention: Xxxxx X. Xxxxxxxx, Attention: Xxxxxxx X. Xxxxx,
President President
Section 11. Severability If any part, term or provision of this
Agreement is held by any court to be illegal, in conflict with any law or
otherwise invalid, the remaining portion or portions shall be considered
severable and not affected, and the rights and obligations of the parties shall
be construed and enforced as if the Agreement did not contain the particular
part, term or provision held to be illegal or invalid.
Section 12. Section Headings Section and Paragraph headings are for
convenience only and shall not be construed as part of this Agreement.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement
consisting of eight typewritten pages, together with Schedules "A", "B" and "C",
to be signed by their duly authorized officers as of the day and year first
above written.
The Xxxxxxxx Family of Funds Fund/Plan Services, Inc.
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By: Xxxxx X. Xxxxxxxx, President By: Xxxxxxx X. Xxxxx, President
Custody Administration and Agency Agreement between The Xxxxxxxx Family of
Funds and Fund/Plan Services, Inc.
C-13 Schedule "B"
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SCHEDULE "A"
FUND ADMINISTRATION SERVICES
FOR
THE XXXXXXXX FAMILY OF FUNDS
Dated: January 20, 1995
I. REGULATORY COMPLIANCE
A. Compliance - Federal Investment Company Act of 1940
1. Review, report and renew
a. investment advisory contracts
b. fidelity bond
c. underwriting contracts
d. distribution (12(b)-1) plans - includes
NASD Rule 26 calculations
e administration contracts
f. accounting contracts
g. custody contracts
h. transfer agent and shareholder services
2. Filings.
a. N-SAR (semi-annual report)
b. N-1A (prospectus), post-effective
amendments and supplements ("stickers")
c. 24f-2 indefinite registration of shares
d. filing fidelity bond under 17g-1
e. filing shareholder reports under 30b2-1
3. Annual up-dates of biographical information
and questionnaires for Trustees and Officers
Administration Agreement between The Xxxxxxxx Family of Funds and Fund/Plan
Services, Inc.
C-1 Schedule "A" Page 1
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B. Compliance - State "Blue Sky"
1. Blue Sky (state registration)
a. registration of shares
b. registration of issuer/dealer/agent (no
loads)
c. monitor of sale shares [over/under]
d. report shares sold
e. filing of required prospectus and reports to
states
C. Compliance - Other
1. applicable stock exchange rules
2. applicable state tax laws
II. CORPORATE BUSINESS AND SHAREHOLDER/PUBLIC INFORMATION
A. Trustees/Management
1. Preparation of meetings
a. agendas - all necessary items of compliance
b. arrange and conduct meetings
c. prepare minutes of meetings
d. keep attendance records
e. maintain corporate records/minute book
B. Coordinate Proposals
1. Printers
2. Auditors
3. Literature fulfillment
4. Insurance
Administration Agreement between The Xxxxxxxx Family of Funds and Fund/Plan
Services, Inc.
C-2 Schedule "A" Page 2
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C. Maintain Corporate Calendars and Files
1. General
2. Blue sky
D. Release Corporate Information
1. To shareholders
2. To financial and general press
3. To industry publications
a. distributions (dividends and capital gains)
b. tax information
c. changes to prospectus
d. letters from management
e. funds' performance
4. Respond to:
a. financial press
b. miscellaneous shareholders inquiries
c. industry questionnaires
E. Communications to Shareholders
1. Coordinate printing and distribution of annual, semi-
annual, quarterly reports, and prospectus
III. FINANCIAL AND MANAGEMENT REPORTING
A. Income and Expenses
1. preparation of budgets
2. expense figures calculated and accrual levels set
3. monitoring of expenses
4. approve and authorize payment of expenses
5. projection of income
Administration Agreement between The Xxxxxxxx Family of Funds and Fund/Plan
Services, Inc.
C-3 Schedule "A" Page 3
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6. checking account reconciliation
B. Distributions to Shareholders
1. Projections of distribution amounts
a. compliance with income tax provisions
b. compliance with excise tax provisions
c. compliance with Investment Company Act
of 1940
2. Compilation and reclassification of distributions,
where applicable, for year end tax reporting to
shareholders
C. Financial Reporting
1. liaison between fund management and auditors
2. preparation of unaudited and audited reports to
shareholders
3. 60 day delivery to SEC and shareholders
4. preparation of semi-annual and annual N-SAR's
5. liaison between fund management and printers for
financial reports
D. Subchapter M Compliance
1. Asset diversification test
2. Short/short test
3. Income qualification test
Administration Agreement between The Xxxxxxxx Family of Funds and Fund/Plan
Services, Inc.
C-4 Schedule "A" Page 4
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E. Other Financial Analyses
1. Upon request from fund management, other budgeting
and analyses can be constructed to meet a fund's
specific needs
2. Sales information, portfolio turnover
3. Work closely with auditors on return of capital
statement of presentation
4. Total return and yield calculations
5. Provide various performance numbers to rating agencies
F. Review and Monitoring Functions
1. Review NAV calculations
2. Coordinate and review transfer agent, accounting and
custody functions
3. Review 12b-1, accruals, expenditures and payment trail
commissions where applicable
G. Preparation and distribution of periodic operation reports to
management
H. Monitor money market funds under Rule 2a-7
The Xxxxxxxx Family of Funds Fund/Plan Services, Inc.
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By: Xxxxx X. Xxxxxxxx, President By: Xxxxxxx X. Xxxxx, President
Administration Agreement between The Xxxxxxxx Family of Funds and Fund/Plan
Services, Inc.
C-5 Schedule "A" Page 5
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SCHEDULE "B"
ADMINISTRATION SERVICES FEE SCHEDULE
FOR
THE XXXXXXXX FAMILY OF FUNDS
Dated: January 20, 1995
This Fee Schedule is fixed for the Initial Term as that term is defined in
the Agreement.
I. A) Base Fee for Single Class of Shares (calculated using average monthly
total net assets and payable monthly)
Subject to the minimum annual fee of $70,000 for the initial three (3)
separate Series of Shares of the Trust, the asset based administration
fees shall be calculated at:
.0015 On the First $50 Million of Total Average Net Assets
.0010 On the Next $50 Million of Total Average Net Assets; and
.0005 Of Total Average Net Assets in Excess of $100 Million of Average
Net Assets
II. Out of Pocket Expenses:
The Xxxxxxxx Family of Funds will reimburse Fund/Plan Services monthly
for all reasonable out-of-pocket expenses, including postage and
Federal Express, telecommunications (telephone and fax), special
reports, Board Meeting Materials, record retention, transportation
costs as incurred and copying and sending materials to auditors for
off-site audits.
III. Other Services Not Covered By This Agreement
Activities of a non-recurring nature including but not limited to fund
consolidations, mergers, acquisitions, reorganizations, the addition or
deletion of a series, and shareholder meetings/proxies, are not
included herein, and will be quoted separately. To the extent the Trust
should decide to issue multiple/separate classes of shares, additional
fees will apply. Any additional/enhanced services or reports will be
quoted upon request.
Administration Agreement between The Xxxxxxxx Family of Funds and Fund/Plan
Services, Inc.
C-6 Schedule "B"
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IV. Interim Fee Arrangement
Notwithstanding the foregoing, during the period from the date hereof
until the Exchange Date of the Reorganization described in the
Agreement and Plan of Reorganization and Liquidation between the Trust
and The Advisors' Inner Circle Fund, Fund/Plan will be compensated at a
rate not to exceed 25% of that to which it would otherwise be entitled
on a monthly basis hereunder.
The Xxxxxxxx Family of Funds Fund/Plan Services, Inc.
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By: Xxxxx X. Xxxxxxxx, President By: Xxxxxxx X. Xxxxx, President
Administration Agreement between The Xxxxxxxx Family of Funds and Fund/Plan
Services, Inc.
C-7 Schedule "B"
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SCHEDULE "C"
Identification of Series
Dated: January 20, 1995
As Amended March 1, 1996
Below are listed the "Series" to which services under this Agreement are to be
performed as of the execution date of this Agreement:
"FAIRPORT FUNDS"
1. FAIRPORT MIDWEST GROWTH FUND
2. FAIRPORT GROWTH AND INCOME FUND
3. FAIRPORT GOVERNMENT SECURITIES FUND
This Schedule "C" may be amended from time to time by agreement of the Parties.
FAIRPORT FUNDS FUND/PLAN SERVICES, INC.
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By: Xxxxx X. Xxxxxxxx, President By: Xxxxxxx X. Xxxxx, President
Administration Agreement between The Xxxxxxxx Family of Funds and Fund/Plan
Services, Inc.
C-8 Schedule "C"
