AMENDMENT TO OPERATING EXPENSES AGREEMENT
AMENDMENT TO OPERATING EXPENSES AGREEMENT
This Amendment, dated as of May 19, 2011, is made by and between Xxxxxxxx International Funds (the “Trust”) and Xxxxxxxx International Capital Management, LLC (“Xxxxxxxx,” and together with the Trust, the “Parties”).
Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Operating Expenses Agreement, dated as of November 4, 2003, as amended August 12, 2005, August 11, 2006, April 23, 2007, September 15, 2008 and November 30, 2009, by and between the Trust and Xxxxxxxx (the “Agreement”).
WITNESSETH THAT:
WHEREAS, the Parties originally entered into this Agreement, wherein Xxxxxxxx agreed to provide certain services to the Trust;
WHEREAS, the Parties wish to amend Appendix A of the Agreement to provide for the addition of a separate series of the Trust with an initial term until August 31, 2013 and to update certain series names;
WHEREAS, the Parties wish to amend the Agreement to extend the term of the Expense Cap with respect to Xxxxxxxx China Dividend Fund to August 31, 2013; and
WHEREAS, the Parties wish to amend the Agreement to extend the term of the Expense Cap with respect to each Fund other than Xxxxxxxx China Dividend Fund and Xxxxxxxx China Small Companies Fund to August 31, 2012.
NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the Parties hereto, intending to be legally bound, do hereby agree as follows:
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a)
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The addition of the Xxxxxxxx China Small Companies Fund and the updating of certain series names as set forth on the attached amended Appendix A.
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b)
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Paragraph 5 of the Agreement is hereby amended in its entirety to read as follows:
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5. Term. This Agreement shall become effective on the date specified herein and shall remain in effect until August 31, 2004, unless sooner terminated as provided in Paragraph 6 of this Agreement. This Agreement shall continue in effect thereafter for additional periods not exceeding one (1) year so long as such continuation is approved for each Fund at least annually by the Board of Trustees of the Trust (and separately by the disinterested Trustees of the Trust); provided, however, that the Expense Cap with respect to Xxxxxxxx Asia Growth Fund, Xxxxxxxx Pacific Tiger Fund, Xxxxxxxx Asian Growth and Income Fund, Xxxxxxxx Asia Science and Technology Fund, Xxxxxxxx China Fund, Xxxxxxxx India Fund, Xxxxxxxx Japan Fund, Xxxxxxxx Korea Fund, Xxxxxxxx Asia Dividend Fund and Xxxxxxxx Asia Small Companies Fund shall remain in effect until August 31, 2012 unless earlier terminated in accordance with Paragraph 6 hereof, renewable thereafter for additional periods not exceeding one (1) year so long as such continuation is approved for such Funds at least annually by the Board of Trustees of the Trust (and separately by the disinterested Trustees of the Trust); provided, further, that the Expense Cap with respect to Xxxxxxxx China Dividend Fund shall remain in effect until August 31, 2013 unless earlier terminated in accordance with Paragraph 6 hereof, renewable thereafter for additional periods not exceeding one (1) year so long as such continuation is approved for such Fund at least annually by the Board of Trustees of the Trust (and separately by the disinterested Trustees of the Trust); and provided, further, that the Expense Cap with respect to Xxxxxxxx China Small Companies Fund shall remain in effect until August 31, 2014 unless earlier terminated in accordance with Paragraph 6 hereof, renewable thereafter for additional periods not exceeding one (1) year so long as such continuation is approved for such Fund at least annually by the Board of Trustees of the Trust (and separately by the disinterested Trustees of the Trust).
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement consisting of two typewritten pages, together with the updated Appendix A, to be signed by their duly authorized officers as of the day and year first above written.
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XXXXXXXX INTERNATIONAL FUNDS
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XXXXXXXX INTERNATIONAL
CAPITAL MANAGEMENT, LLC
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By
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/s/ Xxxx X. XxXxxxx
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By
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/s/ Xxxxxxx X. Xxxxxxx
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Name:
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Xxxx X. XxXxxxx
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Name:
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Xxxxxxx X. Xxxxxxx
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Title:
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Vice President
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Title:
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Chief Executive Officer
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Appendix A
(updated May 19, 2011)
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Fund
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Operating
Expense Limit
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Effective Date
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Xxxxxxxx Asia Growth Fund
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1.90%
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October 31, 2003
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Xxxxxxxx Asia Dividend Fund
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1.50%
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August 11, 2006
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Xxxxxxxx Pacific Tiger Fund
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1.90%
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September 12, 1994
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Xxxxxxxx Asian Growth and Income Fund
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1.90%
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September 12, 1994
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Xxxxxxxx Asia Science and Technology Fund
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2.00%
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December 27, 1999
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Xxxxxxxx China Fund
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2.00%
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February 19, 1998
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Xxxxxxxx India Fund
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2.00%
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Xxxxxx 00, 0000
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Xxxxxxxx Xxxxx Fund
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2.00%
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December 31, 1998
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Xxxxxxxx Korea Fund
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2.00%
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April 3, 2002
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Xxxxxxxx Asia Small Companies Fund
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2.00%
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September 15, 2008
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Xxxxxxxx China Dividend Fund
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1.50%
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November 30, 2009
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Xxxxxxxx China Small Companies Fund
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2.00%
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May 31, 2011
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