AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT
This Amendment to the Investment Management Agreement, dated
as of October 23, 1997 (as amended, the "Agreement"), between
Xxxxx Xxxxxx Investment Funds Inc. (the "Corporation"), on
behalf of its series, Xxxxx Xxxxxx Xxxxxxxxxx Global Value
Fund (the "Fund") and Xxxxx Xxxxxx Mutual Funds Management
Inc is entered into by and between the Corporation, on behalf
of the Fund, and Xxxxx Xxxxxx Fund Management LLC (the "Adviser")
as of the 1st day of October, 2005. Defined terms used herein
and not otherwise defined herein shall have the meanings
assigned to such terms in the Agreement.
WHEREAS, the Adviser is the successor to Xxxxx Xxxxxx Mutual
Funds Management Inc; and
WHEREAS, the Board of Directors of the Corporation [and the
Fund] has voted to decrease the compensation payable under the
Agreement; and
WHEREAS, the Corporation, on behalf of the Fund, and the Adviser
desire to amend the Agreement to reflect the decreased advisory
fee;
NOW, THEREFORE, the parties hereto, intending to be legally bound,
hereby agree as follows:
1. Section 3 of the Agreement is deleted in its entirety and
replaced with the following:
3. Compensation. In consideration of the services
rendered pursuant to this Agreement, the Corporation will pay the
Adviser on the first business day of each month a fee for the
previous month at an annual rate according to the following schedule:
Average Daily Net Assets Rate of Advisory Fee
First $ 1 billion . . . . . . . . . . . 0.850%
Next $ 1 billion . . . . . . . . . . . . 0.825%
Next $ 3 billion . . . . . . . . . . . . . 0.800%
Next $ 5 billion . . . . . . . . . . . . . 0.775%
Over $10 billion . . . . . . . . . . . . . . 0.750%
Upon any termination of this Agreement before the end of a month, the
fee for such part of that month shall be prorated according to the
proportion that such period bears to the full monthly period and shall
be payable upon the date of termination of this Agreement. For the
purpose of determining fees payable to the Adviser, the value of the
Fund's net assets shall be computed at the times and in the manner
specified in the Prospectus and/or the Statement, as from time to
time in effect.
2. Except as amended herein, all the provisions of the Agreement
shall remain unchanged and in full force and effect.
IN WITNESS WHEREOF, the parties have caused their duly authorized
representatives to execute this Amendment to the Agreement as of
October 1, 2005.
XXXXX XXXXXX FUND MANAGEMENT LLC XXXXX XXXXXX INVESTMENT FUNDS INC
By: ____________________________ By: ____________________________
Name: R. Xxx Xxxxxx Name: R. Xxx Xxxxxx
Title: Chairman, President and Chief Title: Chairman of the Board,President
Executive Officer and Chief Executive Officer
