TILSON INVESTMENT TRUST Amendment No. 1 to Administration, Bookkeeping and Pricing Services Agreement
XXXXXX INVESTMENT TRUST
Amendment No. 1 to
Administration, Bookkeeping and
Pricing Services Agreement
THIS AMENDMENT is made as of June 24, 2013 by and between ALPS Fund Services, Inc. (“ALPS”) and Xxxxxx Investment Trust (the “Trust”).
WHEREAS, ALPS and the Trust have entered into an Administration, Bookkeeping and Pricing Services Agreement dated August 25, 2011 (the “Agreement”);
WHEREAS, after close of business on June 21, 2013, the Xxxxxx Focus Fund was liquidated; and
WHEREAS, in light of the foregoing, ALPS and the Trust wish to modify the provisions of the Agreement to reflect the deletion of the Xxxxxx Focus Fund.
NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as follows:
|
1.
|
APPENDIX A – LIST OF PORTFOLIOS. APPENDIX A – LIST OF PORTFOLIOS of the Agreement is replaced in its entirety with the attached APPENDIX A – LIST OF PORTFOLIOS.
|
|
2.
|
APPENDIX C – COMPENSATION. APPENDIX C – COMPENSATION of the Agreement is replaced in its entirety with the attached APPENDIX C – COMPENSATION.
|
|
3.
|
Remainder of the Agreement. Except as specifically set forth herein, all other provisions of the Agreement shall remain in full force and effect. Any items not herein defined shall have the meaning ascribed to them in the Agreement.
|
[signature page follows]
|
ALPS FUND SERVICES, INC.
|
XXXXXX INVESTMENT TRUST
|
|||
|
By:
|
/s/ Xxxxxx X. May
|
By:
|
/s/ Xxxxxxx X. Xxxxxx
|
|
|
Name:
|
Xxxxxx X. May
|
Name:
|
Xxxxxxx X. Xxxxxx
|
|
|
Title:
|
President
|
Title:
|
President
|
|
APPENDIX A
LIST OF PORTFOLIOS
Xxxxxx Dividend Fund
APPENDIX C
COMPENSATION
Greater of $170,000 annual minimum or the following basis point fee schedule:
|
Annual Net Assets
|
Basis Points
|
|
|
Between $0-$500M
|
5.0
|
|
|
$500M-$1B
|
3.0
|
|
|
Above $1B
|
2.0
|
Out-of-Pocket Expenses: All out-of-pocket expenses are passed through to the client at cost, including but not limited to: third party security pricing fees, Bloomberg fees, Gainskeeper fees, Blue Sky permit processing fees and state registration fees, SSAE 16 control review reports, travel expenses to Board meetings, board book/materials printing and mailing, sales reporting, customized programming/enhancements and other out-of-pocket expenses incurred by ALPS in connection with the performance of its duties under this Agreement.
Late Charges: All invoices are due and payable upon receipt. Any invoices not paid within thirty (30) days of the invoice date are subject to a one percent (1%) per month financing charge on any unpaid balance but only to the extent permitted by law.
