TRANSACTION CHARGES AMENDMENT TO SERVICES AGREEMENT
This Transaction Charges Amendment is made as of July 1, 1997, by and
between Xxxxxxx Xxxxxx & Co., Inc. ("Schwab"), a California corporation, Denver
Investment Advisors LLC ("Fund Affiliate"), and Westcore Trust, a registered
investment company ("Fund Company") executing this Amendment on its own behalf
and on behalf of its series or classes of shares ("Fund(s)") which are parties
to a Services Agreement between Schwab, Fund Affiliate and Fund Company, made as
of March 26, 1996, as amended thereafter ("Services Agreement"). This Amendment
amends the Services Agreement. All capitalized terms used in the Amendment and
not defined herein shall have the meaning ascribed to them in the Services
Agreement.
WHEREAS, the parties wish to amend the Services Agreement to allow Schwab
to charge certain transaction fees to its customers for the purchase of Fund
shares and to continue to receive Fees payable to Schwab by the fund parties
under the Services Agreement to service those shares;
NOW, THEREFORE, in consideration of the foregoing and the mutual promises
set forth below, the parties agree as follows:
1. Section 3 of the Services Agreement shall be deleted in its entirety
and the following Section 3 shall be inserted in lieu thereof.
3. TRANSACTION FEES
The parties acknowledge and agree that Schwab may collect
transaction fees from certain customers (including "Active Traders," as
Schwab may define that term) for certain services and from other customers
upon such other customers' redemption of certain shares.
2. Section 2 of Exhibit B to the Services Agreement shall be deleted in
its entirety and the following Section 2 shall be inserted in lieu thereof.
2. The Daily Value of Qualifying Shares is the aggregate daily
value of all shares of the Fund held in Schwab brokerage accounts, subject
to the following exclusions ("Qualifying Shares"). There shall be excluded
from the shares (i) shares held in a Schwab brokerage account prior to the
effective date of this Agreement as to the Fund and (ii) shares first held
in a Schwab brokerage account after the termination of this Agreement as to
the Fund.
3. Except as specifically set forth herein, all other provisions of the
Services Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
first written above.
XXXXXXX XXXXXX & CO., INC. DENVER INVESTMENT ADVISORS LLC
By:/s/ Xxxxxxx X. Xxxxxx By:/s/ Xxxxxxx Xxxxxxx
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Xxxxxxx X. Xxxxxx
Vice President Name: Xxxxxxx Xxxxxxx
Mutual Funds -------------------------
Title: President
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Date: July 2, 1997 Date: June 30, 1997
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WESTCORE TRUST, on its own
behalf and on behalf of each
of its Funds
By: /s/ Xxxxxx X. Xxxxxx
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Name: Xxxxxx X. Xxxxxx
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Title: Treasurer
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Date: June 30, 1997
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