Amendment to the Sub-Advisory Agreement
Amendment
to
This
Amendment (the “Amendment”)
to the
Subadvisory Agreement (the “Sub-Advisory
Agreement”),
dated
October 30, 2000, by and among Xxxxxxx Investors Trust (the “Trust”),
on
behalf of the Xxxxxxx U.S. Government Money Market Fund (the “Fund”),
Xxxxxxx Asset Management Corp. (the “Adviser”)
and
Xxxxx & Tang Asset Management, LP (the “Sub-Adviser”)
is
entered into as of the 18th
day of
May, 2006. Capitalized terms used herein and not otherwise defined shall have
the meanings ascribed to such terms in the Sub-Advisory Agreement.
1. Schedule
I
to the
Sub-Advisory Agreement be and hereby is amended by changing the annual fee
rate,
expressed as a percentage of the Fund’s average daily net assets, at which the
Adviser compensates the Sub-Adviser under the Sub-Advisory Agreement to the
following:
|
Old
Rate
|
New
Rate
|
||
|
Less
than $100 million
|
0.15%
|
First
$100 million
|
0.13%
|
|
$100
million but less than $150 million
|
0.10%
|
Next
$50 million
|
0.06%
|
|
$150
million or more
|
0.05%
|
Over
150 million
|
0.04%
|
2. Effect
of Amendment.
Other
than as expressly set forth in this Amendment, the Sub-Advisory Agreement
remains in full force and effect in accordance with its terms.
[Remainder
of page intentionally left blank]
IN
WITNESS WHEREOF, the parties have executed this Amendment as of the date first
above written.
THE
ADVISER:
XXXXXXX
ASSET MANAGEMENT CORP.
By: /s/
Xxx X. Xxxxxxx
Xxx
X.
Xxxxxxx, Chairman and Chief
Executive
Officer
THE
TRUST ON BEHALF OF THE FUND:
XXXXXXX
INVESTORS TRUST
By: /s/
Xxxxxxx X. Xxxxx
Xxxxxxx
X. Xxxxx, Executive Vice
President
and Chief Financial Officer
THE
SUB-ADVISER:
XXXXX
& TANG ASSET MANAGEMENT, LP.
By: /s/
Xxxxxxx XxXxxxxxx
Its: Executive
Vice President and
Chief
Financial Officer
[Signature
page to Amendment]
