1
ADMINISTRATIVE SERVICES CONTRACT SUPPLEMENT
PACIFICA FUNDS TRUST
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
February 1, 1996
Xxxxxx Xxxx LLC
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Pacifica 100% U.S. Treasury Money Market Fund
Dear Sirs:
This will confirm the agreement between the undersigned (the "Trust")
and Xxxxxx Xxxx LLC (the "Sponsor") as follows:
1. The Trust is an open-end management investment company organized as
a Massachusetts business trust, and consists of such separate investment
portfolios as have been or may be established by the Trustees of the Trust from
time to time. A separate series of shares of beneficial interest of the Trust is
offered to investors with respect to each investment portfolio. The 100% U.S.
Treasury Money Market Fund (the "Fund") is a separate investment portfolio of
the Trust.
2. The Trust and the Sponsor have entered into a Master Administrative
Services Contract ("Master Contract") dated October 26, 1993, pursuant to which
the Sponsor has agreed to provide management and administrative services to the
Trust as set forth in that Contract.
3. As provided for in paragraph 1 of the Master Contract, the Trust
hereby adopts the Master Contract with respect to the Fund and the Sponsor
hereby acknowledges that the Master Contract shall pertain to the Fund, the
terms and conditions of such Master Contract being hereby incorporated herein by
reference.
4. The term "Fund" as used in the Master Contract shall, for purposes
of this Supplement, pertain to the Fund.
5. As provided in paragraph 4 of the Master Contract and subject to
further conditions as set forth therein, the Trust shall, with respect to the
Fund, pay the Sponsor a monthly fee on the first business day of each month
based upon the average daily value of the net assets of the Fund during the
preceding month at an annual rate of 0.15% of the average daily value of net
assets of the Fund.
6. The "Sponsor's reimbursement," as the term is defined and used in
paragraph 5 of the Master Contract, shall for purposes of this Supplement with
respect to the Fund equal 33%.
2
7. This Supplement and the Master Contract (together, the "Contract")
shall become effective on February 1, 1996, and shall continue in effect with
respect to the Fund for a period of two years and thereafter for successive
annual periods only so long as such continuance is specifically approved at
least annually by (a) the Trust's Board of Trustees or by the vote of a majority
of the Trust's outstanding voting securities (as defined in the Investment
Company Act of 1940 ("1940 Act")) and (b) by the vote, cast in person at a
meeting called for the purpose of a majority of the Trust's Trustees who are not
parties to this Contract or "interested persons" (as defined in the 1940 Act) of
any such party. This Contract may be terminated with respect to the Fund at any
time, without the payment of any penalty, by vote of a majority of the
outstanding voting securities of the Fund (as defined in the 1940 Act) or by a
vote of a majority of the Trustees of the Trust who are not "interested persons"
(as defined in the 1940 Act) and who have no direct or indirect financial
interest in this Contract on 60 days written notice to the Sponsor or by the
Sponsor on 60 days written notice to the Trust. The Contract shall terminate
automatically in the event of its assignment (as defined in the 1940 Act).
If the foregoing correctly sets forth the agreement between the Trust
and the Sponsor, please so indicate by signing and returning to the Trust the
enclosed copy hereof.
Very truly yours,
PACIFICA FUNDS TRUST
By: __________________________
Name: ________________________
Title: _______________________
Accepted:
Xxxxxx Xxxx LLC
By: _____________________________________
Name: ___________________________________
Title: __________________________________
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3
ADMINISTRATIVE SERVICES CONTRACT SUPPLEMENT
PACIFICA FUNDS TRUST
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
February 1, 1996
Xxxxxx Xxxx LLC
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Pacifica National Tax-Exempt Money Market Fund
Dear Sirs:
This will confirm the agreement between the undersigned (the "Trust")
and Xxxxxx Xxxx LLC (the "Sponsor") as follows:
1. The Trust is an open-end management investment company organized as
a Massachusetts business trust, and consists of such separate investment
portfolios as have been or may be established by the Trustees of the Trust from
time to time. A separate series of shares of beneficial interest of the Trust is
offered to investors with respect to each investment portfolio. The National
Tax-Exempt Money Market Fund (the "Fund") is a separate investment portfolio of
the Trust.
2. The Trust and the Sponsor have entered into a Master Administrative
Services Contract ("Master Contract") dated October 26, 1993, pursuant to which
the Sponsor has agreed to provide management and administrative services to the
Trust as set forth in that Contract.
3. As provided for in paragraph 1 of the Master Contract, the Trust
hereby adopts the Master Contract with respect to the Fund and the Sponsor
hereby acknowledges that the Master Contract shall pertain to the Fund, the
terms and conditions of such Master Contract being hereby incorporated herein by
reference.
4. The term "Fund" as used in the Master Contract shall, for purposes
of this Supplement, pertain to the Fund.
5. As provided in paragraph 4 of the Master Contract and subject to
further conditions as set forth therein, the Trust shall, with respect to the
Fund, pay the Sponsor a monthly fee on the first business day of each month
based upon the average daily value of the net assets of the Fund during the
preceding month at an annual rate of 0.15% of the average daily value of net
assets of the Fund.
6. The "Sponsor's reimbursement," as the term is defined and used in
paragraph 5 of the Master Contract, shall for purposes of this Supplement with
respect to the Fund equal 30%.
4
7. This Supplement and the Master Contract (together, the "Contract")
shall become effective on February 1, 1996, and shall continue in effect with
respect to the Fund for a period of two years and thereafter for successive
annual periods only so long as such continuance is specifically approved at
least annually by (a) the Trust's Board of Trustees or by the vote of a majority
of the Trust's outstanding voting securities (as defined in the Investment
Company Act of 1940 ("1940 Act")) and (b) by the vote, cast in person at a
meeting called for the purpose of a majority of the Trust's Trustees who are not
parties to this Contract or "interested persons" (as defined in the 1940 Act) of
any such party. This Contract may be terminated with respect to the Fund at any
time, without the payment of any penalty, by vote of a majority of the
outstanding voting securities of the Fund (as defined in the 1940 Act) or by a
vote of a majority of the Trustees of the Trust who are not "interested persons"
(as defined in the 1940 Act) and who have no direct or indirect financial
interest in this Contract on 60 days written notice to the Sponsor or by the
Sponsor on 60 days written notice to the Trust. The Contract shall terminate
automatically in the event of its assignment (as defined in the 1940 Act).
If the foregoing correctly sets forth the agreement between the Trust
and the Sponsor, please so indicate by signing and returning to the Trust the
enclosed copy hereof.
Very truly yours,
PACIFICA FUNDS TRUST
By: __________________________
Name: ________________________
Title: _______________________
Accepted:
Xxxxxx Xxxx LLC
By: _____________________________________
Name: ___________________________________
Title: __________________________________
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5
ADMINISTRATIVE SERVICES CONTRACT SUPPLEMENT
PACIFICA FUNDS TRUST
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
February 1, 1996
Xxxxxx Xxxx LLC
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Pacifica California Tax-Exempt Money Market Fund
Dear Sirs:
This will confirm the agreement between the undersigned (the "Trust")
and Xxxxxx Xxxx LLC (the "Sponsor") as follows:
1. The Trust is an open-end management investment company organized as
a Massachusetts business trust, and consists of such separate investment
portfolios as have been or may be established by the Trustees of the Trust from
time to time. A separate series of shares of beneficial interest of the Trust is
offered to investors with respect to each investment portfolio. The California
Tax-Exempt Money Market Fund (the "Fund") is a separate investment portfolio of
the Trust.
2. The Trust and the Sponsor have entered into a Master Administrative
Services Contract ("Master Contract") dated October 26, 1993, pursuant to which
the Sponsor has agreed to provide management and administrative services to the
Trust as set forth in that Contract.
3. As provided for in paragraph 1 of the Master Contract, the Trust
hereby adopts the Master Contract with respect to the Fund and the Sponsor
hereby acknowledges that the Master Contract shall pertain to the Fund, the
terms and conditions of such Master Contract being hereby incorporated herein by
reference.
4. The term "Fund" as used in the Master Contract shall, for purposes
of this Supplement, pertain to the Fund.
5. As provided in paragraph 4 of the Master Contract and subject to
further conditions as set forth therein, the Trust shall, with respect to the
Fund, pay the Sponsor a monthly fee on the first business day of each month
based upon the average daily value of the net assets of the Fund during the
preceding month at an annual rate of 0.15% of the average daily value of net
assets of the Fund.
6. The "Sponsor's reimbursement," as the term is defined and used in
paragraph 5 of the Master Contract, shall for purposes of this Supplement with
respect to the Fund equal 30%.
6
7. This Supplement and the Master Contract (together, the "Contract")
shall become effective on February 1, 1996, and shall continue in effect with
respect to the Fund for a period of two years and thereafter for successive
annual periods only so long as such continuance is specifically approved at
least annually by (a) the Trust's Board of Trustees or by the vote of a majority
of the Trust's outstanding voting securities (as defined in the Investment
Company Act of 1940 ("1940 Act")) and (b) by the vote, cast in person at a
meeting called for the purpose of a majority of the Trust's Trustees who are not
parties to this Contract or "interested persons" (as defined in the 1940 Act) of
any such party. This Contract may be terminated with respect to the Fund at any
time, without the payment of any penalty, by vote of a majority of the
outstanding voting securities of the Fund (as defined in the 1940 Act) or by a
vote of a majority of the Trustees of the Trust who are not "interested persons"
(as defined in the 1940 Act) and who have no direct or indirect financial
interest in this Contract on 60 days written notice to the Sponsor or by the
Sponsor on 60 days written notice to the Trust. The Contract shall terminate
automatically in the event of its assignment (as defined in the 1940 Act).
If the foregoing correctly sets forth the agreement between the Trust
and the Sponsor, please so indicate by signing and returning to the Trust the
enclosed copy hereof.
Very truly yours,
PACIFICA FUNDS TRUST
By: __________________________
Name: ________________________
Title: _______________________
Accepted:
Xxxxxx Xxxx LLC
By: _____________________________________
Name: ___________________________________
Title: __________________________________
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7
ADMINISTRATIVE SERVICES CONTRACT SUPPLEMENT
PACIFICA FUNDS TRUST
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
February 1, 1996
Xxxxxx Xxxx LLC
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Pacifica International Equity Fund
Dear Sirs:
This will confirm the agreement between the undersigned (the "Trust")
and Xxxxxx Xxxx LLC (the "Sponsor") as follows:
1. The Trust is an open-end management investment company organized as
a Massachusetts business trust, and consists of such separate investment
portfolios as have been or may be established by the Trustees of the Trust from
time to time. A separate series of shares of beneficial interest of the Trust is
offered to investors with respect to each investment portfolio. The
International Equity Fund (the "Fund") is a separate investment portfolio of the
Trust.
2. The Trust and the Sponsor have entered into a Master Administrative
Services Contract ("Master Contract") dated October 26, 1993, pursuant to which
the Sponsor has agreed to provide management and administrative services to the
Trust as set forth in that Contract.
3. As provided for in paragraph 1 of the Master Contract, the Trust
hereby adopts the Master Contract with respect to the Fund and the Sponsor
hereby acknowledges that the Master Contract shall pertain to the Fund, the
terms and conditions of such Master Contract being hereby incorporated herein by
reference.
4. The term "Fund" as used in the Master Contract shall, for purposes
of this Supplement, pertain to the Fund.
5. As provided in paragraph 4 of the Master Contract and subject to
further conditions as set forth therein, the Trust shall, with respect to the
Fund, pay the Sponsor a monthly fee on the first business day of each month
based upon the average daily value of the net assets of the Fund during the
preceding month at an annual rate of 0.15% of the average daily value of net
assets of the Fund.
6. The "Sponsor's reimbursement," as the term is defined and used in
paragraph 5 of the Master Contract, shall for purposes of this Supplement with
respect to the Fund equal 13%.
8
7. This Supplement and the Master Contract (together, the "Contract")
shall become effective on February 1, 1996, and shall continue in effect with
respect to the Fund for a period of two years and thereafter for successive
annual periods only so long as such continuance is specifically approved at
least annually by (a) the Trust's Board of Trustees or by the vote of a majority
of the Trust's outstanding voting securities (as defined in the Investment
Company Act of 1940 ("1940 Act")) and (b) by the vote, cast in person at a
meeting called for the purpose of a majority of the Trust's Trustees who are not
parties to this Contract or "interested persons" (as defined in the 1940 Act) of
any such party. This Contract may be terminated with respect to the Fund at any
time, without the payment of any penalty, by vote of a majority of the
outstanding voting securities of the Fund (as defined in the 1940 Act) or by a
vote of a majority of the Trustees of the Trust who are not "interested persons"
(as defined in the 1940 Act) and who have no direct or indirect financial
interest in this Contract on 60 days written notice to the Sponsor or by the
Sponsor on 60 days written notice to the Trust. The Contract shall terminate
automatically in the event of its assignment (as defined in the 1940 Act).
If the foregoing correctly sets forth the agreement between the Trust
and the Sponsor, please so indicate by signing and returning to the Trust the
enclosed copy hereof.
Very truly yours,
PACIFICA FUNDS TRUST
By: __________________________
Name: ________________________
Title: _______________________
Accepted:
Xxxxxx Xxxx LLC
By: _____________________________________
Name: ___________________________________
Title: __________________________________
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9
ADMINISTRATIVE SERVICES CONTRACT SUPPLEMENT
PACIFICA FUNDS TRUST
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
February 1, 1996
Xxxxxx Xxxx LLC
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Pacifica Equity Index Fund
Dear Sirs:
This will confirm the agreement between the undersigned (the "Trust")
and Xxxxxx Xxxx LLC (the "Sponsor") as follows:
1. The Trust is an open-end management investment company organized as
a Massachusetts business trust, and consists of such separate investment
portfolios as have been or may be established by the Trustees of the Trust from
time to time. A separate series of shares of beneficial interest of the Trust is
offered to investors with respect to each investment portfolio. The Equity Index
Fund (the "Fund") is a separate investment portfolio of the Trust.
2. The Trust and the Sponsor have entered into a Master Administrative
Services Contract ("Master Contract") dated October 26, 1993, pursuant to which
the Sponsor has agreed to provide management and administrative services to the
Trust as set forth in that Contract.
3. As provided for in paragraph 1 of the Master Contract, the Trust
hereby adopts the Master Contract with respect to the Fund and the Sponsor
hereby acknowledges that the Master Contract shall pertain to the Fund, the
terms and conditions of such Master Contract being hereby incorporated herein by
reference.
4. The term "Fund" as used in the Master Contract shall, for purposes
of this Supplement, pertain to the Fund.
5. As provided in paragraph 4 of the Master Contract and subject to
further conditions as set forth therein, the Trust shall, with respect to the
Fund, pay the Sponsor a monthly fee on the first business day of each month
based upon the average daily value of the net assets of the Fund during the
preceding month at an annual rate of 0.15% of the average daily value of net
assets of the Fund.
6. The "Sponsor's reimbursement," as the term is defined and used in
paragraph 5 of the Master Contract, shall for purposes of this Supplement with
respect to the Fund equal 37%.
10
7. This Supplement and the Master Contract (together, the "Contract")
shall become effective on February 1, 1996, and shall continue in effect with
respect to the Fund for a period of two years and thereafter for successive
annual periods only so long as such continuance is specifically approved at
least annually by (a) the Trust's Board of Trustees or by the vote of a majority
of the Trust's outstanding voting securities (as defined in the Investment
Company Act of 1940 ("1940 Act")) and (b) by the vote, cast in person at a
meeting called for the purpose of a majority of the Trust's Trustees who are not
parties to this Contract or "interested persons" (as defined in the 1940 Act) of
any such party. This Contract may be terminated with respect to the Fund at any
time, without the payment of any penalty, by vote of a majority of the
outstanding voting securities of the Fund (as defined in the 1940 Act) or by a
vote of a majority of the Trustees of the Trust who are not "interested persons"
(as defined in the 1940 Act) and who have no direct or indirect financial
interest in this Contract on 60 days written notice to the Sponsor or by the
Sponsor on 60 days written notice to the Trust. The Contract shall terminate
automatically in the event of its assignment (as defined in the 1940 Act).
If the foregoing correctly sets forth the agreement between the Trust
and the Sponsor, please so indicate by signing and returning to the Trust the
enclosed copy hereof.
Very truly yours,
PACIFICA FUNDS TRUST
By: __________________________
Name: ________________________
Title: _______________________
Accepted:
Xxxxxx Xxxx LLC
By: _____________________________________
Name: ___________________________________
Title: __________________________________
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