1
AMENDMENT TO SERVICES AGREEMENTS
--------------------------------
This AGREEMENT, dated as of the 18th day of April, 1997 made by and
between Xxxxxxxx International Funds a business trust organized under the laws
of the state of Delaware operating as an open-end management investment company
registered under the Investment Company Act of 1940, as amended, ("Xxxxxxxx"),
and FPS Services, Inc., a Delaware corporation ("FPS") (collectively, the
"Parties"), with respect to Xxxxxxxx Pacific Tiger Fund and Xxxxxxxx Korea Fund.
WITNESSETH THAT:
WHEREAS, the Parties originally entered into a Transfer Agency
Agreement, Accounting Services Agreement, Administration Agreement and Custody
Administration Agreement each dated September 13, 1994; and
WHEREAS, the Parties wish to amend the Agreement to provide for the
issuance of separate classes of shares for the series above identified;
NOW THEREFORE, in consideration of the premises and mutual covenants
contained herein, the Parties hereto, intending to be legally bound, do hereby
agree:
1. To include under the Agreements services to be provided to the
newly created classes of shares, designated as Class A Shares;
and
2. To revise fee structure reflecting inclusion of the newly created
class of shares, designated as Class A Shares as set forth on the
attached letter; and
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement,
consisting of one type-written page, together with an attached exhibit, to be
signed by their duly authorized officers as of the day and year first above
written.
XXXXXXXX INTERNATIONAL FUNDS FPS SERVICES, INC.
----------------------------- ------------------
---------------------------------- -----------------------------------
By: By: Xxxxxxx X. Xxxxx, President
--------------------------------------------------------------------------------
Amendment to Services Agreement between Xxxxxxxx International Funds and FPS
Services, Inc.
Dated: May 15, 1997
2
FPS Services, Inc.
0000 Xxxxxxx Xxxxx
Xxxx xx Xxxxxxx, XX 00000
December 19, 1996
G. Xxxx Xxxxxxxx, President
Xxxxxxxx International Capital Management, LLC
000 Xxxxxxxxxx Xxxxxx
Xxxxx 0000
Xxx Xxxxxxxxx, XX 00000
Dear Xxxx,
Thank you for your time during my recent visit to San Francisco. I received
your letter concerning your interest in adding a second class of shares with a
front end load and a 12b-1 fee. The timing involved to write the additional
class filing would be about two weeks at FPS, your review of the filing and
then 75 days from filing for the SEC to bring to effectiveness.
Costs are as follows:
Fund Start-Up:
While normally $12,000 per portfolio, we will charge $6,000 per
portfolio or $18,000 total.
Fund Administration:
$12,000 per class per portfolio or $36,000 for all three classes.
Transfer Agency and Shareholder Services
$15.00 per account per year
Annual fee of $15,000 per additional class per fund or $45,000 for all
three classes.
Fund Accounting
Annual Fee of $12,000 per additional class per fund or $36,000 for all
three classes.
3
Custody
There are no additional custody fees except that incremental assets
will be charged according to the prevailing schedule.
Note: Incremental assets will be charged according to the prevailing fee
schedules for Fund Administration and Fund Accounting.
We look forward to working with you to implement the new classes. Please call
me at 000-000-0000 with any questions you may have.
Best wishes for the Holidays,
/s/ Xxxxxxx X. May
------------------
Xxxxxxx X. May
Senior Marketing Vice President
