EXHIBIT 9
AMENDMENT TO FUND ACCOUNTING,
DIVIDEND DISBURSING & TRANSFER AGENT
AND ADMINISTRATION AGREEMENT
THIS AMENDMENT, made and entered into effective as of the 1st day of May, 1996,
by and between XXXXXXX XXXXX INVESTMENT TRUST, a Massachusetts business trust
(the "Trust"), and THE NOTTINGHAM COMPANY, L.L.C., a North Carolina limited
liability company (the "Administrator").
WHEREAS, the parties have previously entered into that certain Amended and
Restated Fund Accounting, Dividend Disbursing & Transfer Agent and
Administration Agreement dated February 28, 1994 with respect to all series of
the Trust (the "Agreement").
WHEREAS, the Agreement has been continued from time to time by the parties as
provided therein, with amendments from time to time to Exhibit C thereof,
reflecting the Administrator's Compensation Schedule.
WHEREAS, the parties desire to again amend Exhibit C thereof, as provided
herein.
NOW THEREFORE, the Trust and the Administrator do mutually promise and agree as
follows:
1. Amendments. The Agreement is hereby amended by deleting Exhibit C thereof
and substituting in lieu thereof a new Exhibit C in the form attached
hereto.
2. Ratification. Except as amended above, the Agreement shall continue in full
force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be signed by their
duly authorized officers on the date first above written.
ATTEST: XXXXXXX XXXXX INVESTMENT TRUST
By:
(Seal)
ATTEST: THE NOTTINGHAM COMPANY, L.L.C.
By:
(Seal)
Exhibit C
ADMINISTRATOR'S COMPENSATION SCHEDULE
For the services delineated in the Amended and Restated Fund Accounting,
Dividend Disbursing & Transfer Agent and Administration Agreement, the
Administrator shall be compensated monthly, as of the last day of each month,
within five business days of the month end, a base fee plus a fee based upon net
assets according to the following schedule. The fee is calculated based upon the
Trust's average daily net assets of each Fund:
Base Fee
The Chesapeake Fund-Series A, C, and D Investor Shares and Institutional Shares
The Chesapeake Growth Fund
$1,750 per month per Fund or Class (if applicable)
The Chesapeake Growth Fund
Annual
Net Assets Fee
------------------------------------------------------------
On the first $25 million 0.200%
On the next $25 million 0.150%
On all assets over $50 million 0.075%
The Chesapeake Fund-Series A, C, and D Investor Shares and Institutional Shares
Annual
Net Assets Fee
------------------------------------------------------------
On all assets 0.075%
The Chesapeake Fund-Super-Institutional Shares
Annual
Net Assets Fee
------------------------------------------------------------
On all assets 0.015%
Shareholder Administration Fee
The Chesapeake Fund-Series A, C, and D Investor Shares and Institutional Shares
The Chesapeake Growth Fund
Annual
Net Assets Fee
------------------------------------------------------------
On all assets 0.015%
Shareholder Recordkeeping
$9 per shareholder per year
Blue Sky Administration
$150 per Fund (or Class if applicable) per registered state per year
XXX Accounts
$15 per year (billed directly to the shareholder)
Minimum fee per month
Minimum fee of $3,000 per Fund of the Trust per month for all fees
taken in the aggregate as outlined above, analyzed monthly.
Securities Pricing
$0.20 per equity security per pricing day
$0.20 per corporate bond, government bond, medium-term bond or mortgage
backed security per pricing day
$0.40 per CMO or asset backed securities per pricing day
$0.40 per municipal security per pricing day
$2.00 per equity per month for corporate action coverage
