Exhibit (h)(2)
AMENDMENT TO
ADMINISTRATION AGREEMENT
AMENDMENT made as of October 1, 2005, between Performance Funds Trust (the
"Trust"), a Delaware trust having its principal place of business at 000 Xxxx
Xxxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxxxxx, and BISYS FUND SERVICES OHIO, INC.
("BISYS"), an Ohio corporation having its principal place of business at 0000
Xxxxxxx Xxxx, Xxxxxxxx, Xxxx 00000, to that Administration Agreement dated
December 1, 2003, (the "Agreement"), under which BISYS performs certain
management and administration services for the Trust. All capitalized terms used
but not defined herein shall have the meaning given to them in the Agreement.
WHEREAS, BISYS and the Trust wish to amend the Administration Fee payable
under the Agreement.
NOW, THEREFORE, in consideration of the covenants herein contained, the
Trust and BISYS hereby agree as follows:
1. Administration Fee.
Effective as of October 1, 2005, the Administration Fee set forth in
Section 4(a) of the Agreement is reduced from fifteen one-hundredths of one
percent (.15% or 15 basis points) to the following:
The Money Market Fund 6 basis points
The U.S. Treasury Money Market Fund 7 basis points
The Short Term Government Income Fund 7 basis points
The Intermediate Term Income Fund 6 basis points
The Strategic Dividend Fund 6 basis points
The Large Cap Equity Fund 7 basis points
The Mid Cap Equity Fund 7 basis points
The Leaders Equity Fund 6 basis points
The Performance Advisor Growth Portfolio 5 basis points
The Performance Advisor Moderate Portfolio 5 basis points
The Performance Advisor Conservative Portfolio 5 basis points
2. Miscellaneous.
(a) The provisions set forth in this Amendment supersede all prior
negotiations, understandings and agreements bearing upon the subject matter
covered herein, including any conflicting provisions of the Agreement or any
provisions of the Agreement that directly cover or indirectly bear upon matters
covered under this Amendment.
(b) Except as provided in this Amendment, the provisions of the Agreement
remain in full force and effect (including, without limitation, the term of the
Agreement).
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(c) Paragraph headings in this Amendment are included for convenience only
and are not to be used to construe or interpret this Amendment.
(d) This Amendment may be executed in counterparts, each of which shall be
an original but all of which, taken together, shall constitute one and the same
agreement.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed all as of the day and year first above written.
PERFORMANCE FUNDS TRUST
By: /s/ Xxxxx X. Xxxxx
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Name: Xxxxx X. Xxxxx
Title: President
BISYS FUND SERVICES OHIO, INC.
By: /s/ Xxxx Xxxxxxx
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Name: Xxxx Xxxxxxx
Title: President Bisys Fund Services
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