JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND AMENDMENT TO INVESTMENT MANAGEMENT CONTRACT
XXXX XXXXXXX CALIFORNIA TAX-FREE INCOME FUND
AMENDMENT TO INVESTMENT MANAGEMENT CONTRACT
AMENDMENT made this 1st day of October, 2009, to the Investment Management Contract dated December 22, 1994, between Xxxx Xxxxxxx California Tax-Free Income Fund, a Massachusetts business trust, and Xxxx Xxxxxxx Advisers, LLC, a Delaware limited liability company. In consideration of the mutual covenants contained herein, the parties agree as follows:
1. CHANGE TO COMPENSATION OF THE ADVISER
Section 5 of the Agreement, “Compensation of the Adviser,” is hereby amended to reflect the following fee schedule:
|
Fund |
First $500 million of Net Assets |
Next $500 million of Net Assets |
Next $1 billion of Net Assets |
Excess over $2 billion of Net Assets |
|
Xxxx Xxxxxxx California Tax-Free Income Fund |
0.550% |
0.500% |
0.475% |
0.450% |
2. EFFECTIVE DATE
This Amendment shall become effective as of 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 CALIFORNIA TAX-FREE INCOME FUND
on behalf of Xxxx Xxxxxxx California Tax-Free Income Fund
By: /s/Xxxxx X. Xxxxxxxxx
Xxxxx X. Xxxxxxxxx
President and Chief Executive Officer
XXXX XXXXXXX ADVISERS, LLC
By: /s/Xxxxx X. Xxxxxxxxx
Xxxxx X. Xxxxxxxxx
President and Chief Executive Officer
