Exhibit 99.B.9(b)
AMENDMENT TO FUND ACCOUNTING,
DIVIDEND DISBURSING & TRANSFER AGENT
AND ADMINISTRATION AGREEMENT
THIS AMENDMENT, made and entered into effective as of the 1st day of October,
1995, by and between CAPITAL MANAGEMENT INVESTMENT TRUST, a Massachusetts
business trust (the "Trust"), and THE NOTTINGHAM COMPANY, INC., a North Carolina
corporation (the "Administrator").
WHEREAS, the parties have previously entered into that certain Amended and
Restated Fund Accounting, Dividend Disbursing & Transfer Agent and
Administration Agreement dated January 26, 1995 with respect to all series of
the Trust (the "Agreement").
WHEREAS, the parties desire amend Exhibit C thereof, all 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 continued and provided 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: CAPITAL MANAGEMENT INVESTMENT TRUST
By:
(Seal)
ATTEST: THE NOTTINGHAM COMPANY, INC.
By:
(Seal)
Exhibit C
ADMINISTRATOR'S COMPENSATION SCHEDULE
For the services delineated in the 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 average daily net
assets of each Fund:
Base Fee: $2,000 per month
Class Fee: $750 per month for each additional
Equity and Balanced Funds
Annual
Net Assets Fee
On the first $50 million 0.20%
On the next $50 million 0.175%
On all assets over $100 million 0.15%
Fixed Income Funds
Annual
Net Assets Fee
On all assets 0.15%
Blue Sky Administration
$100 per fund per state registration per year
Shareholder Fee
$9.00 per shareholder per year
Minimum fee per year
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
