EXHIBIT 99.d(3)
AMENDMENT TO SUB-INVESTMENT ADVISORY AGREEMENT
Effective May 14, 2002
Credit Suisse Asset Management Limited
Beaufort House
00 Xx. Xxxxxxx Xxxxxx
Xxxxxx XX0X 0XX
Dear Sirs:
This amends the Sub-Investment Advisory Agreement (the "Sub-Advisory
Agreement") dated as of May 1, 2000 by and among Credit Suisse Global Financial
Services Fund, Inc. (the "Fund"), Credit Suisse Asset Management, LLC ("CSAM")
and Credit Suisse Asset Management Limited (the "Sub-Adviser"). Capitalized
terms used herein but not otherwise defined shall have the meanings set forth in
the Sub-Advisory Agreement.
In consideration of the covenants and agreements expressed herein, the
parties agree as follows:
1. Effective May 14, 2002, Section 10 of the Sub-Advisory Agreement
is hereby amended and restated in its entirety as follows:
"COMPENSATION
In consideration of the services rendered pursuant to this Agreement,
CSAM will pay the Sub-Adviser such amounts as the parties may agree upon
from time to time as set forth on Schedule A, as amended from time to
time."
Fees shall cease to accrue under the previous compensation structure
on May 14, 2002 and such fees shall be paid to the Sub-Adviser as soon as
practicable after the end of the month of May 2002.
2. Schedule A to the Sub-Advisory Agreement will read as follows:
"SCHEDULE A
CSAM will pay the Sub-Adviser a fee of $250,000 per annum (the "Total
Fee"), one quarter of which shall be payable in U.S. dollars in arrears on
the last business day of each calendar quarter. The fee for the first
period during which this Agreement is in effect shall be pro-rated for the
portion of the calendar quarter that the Agreement is in effect. The Total
Fee shall be an aggregate fee paid for services rendered with respect to
this Fund and such other Credit Suisse Funds for which the Sub-Adviser has
been appointed as such and which CSAM and the Sub-Adviser agree will be
governed by this fee schedule."
3. The parties agree that the provisions of the Sub-Advisory
Agreement as amended by this Amendment shall continue in full force and effect.
[SIGNATURE PAGE FOLLOWS]
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Please confirm that the foregoing is in accordance with your
understanding by indicating your acceptance hereof at the place below indicated,
whereupon it shall become a binding agreement between us.
Very truly yours,
CREDIT SUISSE ASSET MANAGEMENT, LLC
By: /s/ Xxx Xxxxxx
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Name: Xxx Xxxxxx
Title: Managing Director
CREDIT SUISSE GLOBAL FINANCIAL SERVICES
FUND, INC.
By: /s/ Xxx Xxxxxx
--------------
Name: Xxx Xxxxxx
Title: Vice President and Secretary
CREDIT SUISSE ASSET
MANAGEMENT LIMITED
By: SR Xxxxxxx X. Xxxxxxxx
----------------------
Name: SR Xxxxxxx X. Xxxxxxxx
Title: Director Director(Legal)
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