Exhibit h (iii) under Form N-1A
Exhibit 10 under Item 601/Reg. X-X
Xxxxx Funds
Amendment No. 1
to
Agreement
for
Fund Accounting Services,
Administrative Services,
Transfer Agency Services
and
Custody Services Procurement
Schedule of Compensation
I. General Fee
For all Fund Accounting, Administrative, and Transfer Agency Services provided
pursuant to this Agreement, the Investment Company agrees to pay and the
Company hereby agrees to accept as full compensation for its services rendered
hereunder a fee at an annual rate per Fund, as specified below, plus
out-of-pocket expenses:
Max. Admin. Average Daily Net Assets
Fee of the Funds
------------ ----------------------------
.140% on the first $1.2 billion
.120% on the next $1.3 billion
.100% on the next $1.0 billion
.080% on assets in excess of $3.5 billion
II. Fund Accounting Services Out-of-Pocket Expenses
Out-of-pocket expenses include, but are not limited to, the following: postage
(including overnight courier service), statement stock, envelopes, telephones,
telecommunication charges (including FAX), travel, duplicating, forms,
supplies, microfiche, computer access charges, client specific system
enhancements, access to the shareholder recordkeeping system, security pricing
services, variable rate change notification services, paydown factor
notification services
III. Transfer Agency Services Out-of-Pocket Expenses
Out-of-pocket expenses include but are not limited to postage (including
overnight courier service), statement stock, envelopes, telecommunication
charges (including Fax), travel, duplicating, forms, supplies, microfiche,
computer access charges, client specific enhancements, disaster recovery,
closed account fees, processing fees (including check encoding), and expenses
incurred at the specific direction of the Fund. Postage for mass mailings is
due seven days in advance of the mailing date.
IV. Internet Shareholder Trading Pricing Schedule
In the event that the Funds begin to offer shareholders the ability to effect
transactions in Fund shares over the Internet, the following charges shall
apply:
1. One Time Charges:
o Set Up Charge: $5,000
o Basic Package Charge: $10,000
2. Transaction Charges:
o Inquiry: $0.10/per
o All other Transactions: $1.00/per
3. Minimum Charge:
o $2,000 per month
V. Payment
Payment is due thirty days after the date of the invoice.
IN WITNESS WHEREOF, the parties hereto have caused this Schedule to be
executed in their names and on their behalf under their seals by and through
their duly authorized officers, as of May 18, 2001.
XXXXX FUNDS
By: /s Xxxxx Xxxxxxxxx
---------------------------------
Name: Xxxxx Xxxxxxxxx
Title: Vice President
FEDERATED SERVICES COMPANY
By: /s/ Xxxxx X. Xxxxxxx
---------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Vice President
