AMENDMENT TO SUB-INVESTMENT MANAGEMENT CONTRACT
Xxxx Xxxxxxx Capital Series
on behalf of Xxxx Xxxxxxx Classic Value Fund (the “Fund”)
AMENDMENT TO SUB-INVESTMENT MANAGEMENT CONTRACT
AMENDMENT made as of this 1st of October 2009 to the Sub-Investment Management Contract dated November 8, 2002 (the “Agreement”), among Xxxx Xxxxxxx Advisers, LLC, a Delaware limited liability company, Pzena Investment Management, LLC, a Delaware limited liability company, and Xxxx Xxxxxxx Capital Series, on behalf of the Fund. In consideration of the mutual covenants contained herein, the parties agree as follows:
1. CHANGE IN COMPENSATION OF THE SUB-ADVISER
Section 4 of the Agreement, “Compensation of the Sub-Adviser,” is hereby amended to reflect the following fee schedule:
|
|
Percentage of Average Daily Net Assets | ||
|
Fund |
First $2.5 billion |
Next $2.5 billion |
Over $5 billion |
|
Xxxx Xxxxxxx Classic Value Fund |
0.340% |
0.330% |
0.320% |
2. EFFECTIVE DATE
This Amendment shall become effective as of the date first mentioned above.
3. DEFINED TERMS
Unless otherwise defined herein, capitalized terms used herein have the meanings specified in or pursuant to the Agreement.
4. OTHER TERMS OF THE AGREEMENT
Except as specifically amended hereby, all of the terms and conditions of the Agreement shall continue to be in full force and effect and shall be binding upon the parties in accordance with their respective terms.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed under seal by their duly authorized officers as of the date first mentioned above.
XXXX XXXXXXX CAPITAL SERIES,
on behalf of Xxxx Xxxxxxx Classic Value Fund
By:
Xxxxx X. Xxxxxxxxx
President and Chief Executive Officer
XXXX XXXXXXX ADVISERS, LLC
By:
Xxxxx X. Xxxxxxxxx
President and Chief Executive Officer
PZENA INVESTMENT MANAGEMENT, LLC
By:
Xxxxxxx X. Xxxxx
President
