AMENDMENT NUMBER 1 to ADMINISTRATION AGREEMENT
AMENDMENT NUMBER 1
to
THIS AMENDMENT, effective commencing on November 15, 2021, is made and entered into by and between CROSSMARK GLOBAL INVESTMENTS, INC. (the “Administrator”) and XXXXXXX FUNDS, INC. (the “Company”), on its own behalf and on behalf of its series listed on Appendix A hereto, as may be amended from time to time (the “Funds”).
WHEREAS, the Company and the Administrator are parties to an Administration Agreement dated August 1, 2019 (the “Agreement”), pursuant to which the Administrator provides certain administrative and supervisory services to and on behalf of the various series of the Company; and
WHEREAS, the Company has created additional series for which it also desires to engage the Administrator to provide such services;
NOW THEREFORE, in consideration of the promises and mutual covenants herein contained, it is agreed between the Company, each Fund and the Administrator as follows:
1. APPENDIX A is replaced in its entirety with the amended and restated APPENDIX A attached to this Amendment.
2. APPENDIX C is replaced in its entirety with the amended and restated APPENDIX C attached to this Amendment.
3. All other terms and conditions set forth in the Agreement continue without change, amendment, or restatement.
[Signature page follows]
Page 1 of 5
Amendment 1 to Administration Agreement – Xxxxxxx Funds, Inc.
Effective: November 15, 2021
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their officers designated below as of November 15, 2021.
| XXXXXXX FUNDS, INC. | ||
| By | /s/ Xxxxxxx X. Xxxx | |
| Date: | November 15, 2021 | |
| Name: | Xxxxxxx X. Xxxx, III, CFA | |
| Title: | President | |
| XXXXXXX FUNDS, INC., on behalf of each Fund listed on Appendix A | ||
| By | /s/ Xxxxxxx X. Xxxx | |
| Date: | November 15, 2021 | |
| Name: | Xxxxxxx X. Xxxx, III, CFA | |
| Title: | President | |
| CROSSMARK GLOBAL INVESTMENTS, INC. | ||
| By | /s/ Xxxxxxx X. Xxxx | |
| Date: | November 15, 2021 | |
| Name: | Xxxxxxx X. Xxxx, III, CFA | |
| Title: | President | |
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Amendment 1 to Administration Agreement – Xxxxxxx Funds, Inc.
Effective: November 15, 2021
APPENDIX A
The following Funds are covered by this Agreement:
| Fund Name: |
Termination | |
| Xxxxxxx Covered Call Income Fund |
May 31, 2022 | |
| Xxxxxxx Global Equity Income Fund |
May 31, 2022 | |
| Xxxxxxx International Enhanced Index Fund |
May 31, 2022 | |
| Xxxxxxx Select Bond Fund |
May 31, 2022 | |
| Xxxxxxx Values-Focused Large Cap Enhanced Index Fund |
May 31, 2022 | |
| FKA Xxxxxxx Large Cap Enhanced Index Fund |
||
| Xxxxxxx Values-Focused Small-Mid Cap Enhanced Index Fund |
May 31, 2022 | |
| FKA Xxxxxxx Small-Mid Cap Enhanced Index Fund |
||
| Xxxxxxx Equity Market Neutral Fund |
May 31, 2022 | |
| Xxxxxxx Large Cap Core Fund |
May 31, 2022 | |
| Xxxxxxx Large Cap Growth Fund |
May 31, 2022 | |
| Xxxxxxx Large Cap Value Fund |
May 31, 2022 | |
| Xxxxxxx Small Cap Growth Fund |
May 31, 2022 |
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Amendment 1 to Administration Agreement – Xxxxxxx Funds, Inc.
Effective: November 15, 0000
XXXXXXXX C
As compensation for the services provided and expenses assumed by the Administrator under this Agreement, each Fund will pay the Administrator at the end of each calendar month an administration fee computed daily for the applicable Funds at the following rates for that Fund based on the net assets of that Fund:
| Xxxxxxx Covered Call Income Fund | Xxxxxxx Equity Market Neutral Fund | |
| 0.0750% of the first $1 billion | 0.0750% of the first $1 billion | |
| 0.0675% of assets over $1 billion | 0.0675% of assets over $1 billion | |
| Xxxxxxx Global Equity Income Fund | Xxxxxxx International Enhanced Index Fund | |
| 0.0750% of the first $1 billion | 0.0750% of the first $1 billion | |
| 0.0675% of assets over $1 billion | 0.0675% of assets over $1 billion | |
| Xxxxxxx Large Cap Core Fund | Xxxxxxx Large Cap Growth Fund | |
| 0.0750% of the first $1 billion | 0.0750% of the first $1 billion | |
| 0.0675% of assets over $1 billion | 0.0675% of assets over $1 billion | |
| Xxxxxxx Large Cap Value Fund | Xxxxxxx Select Bond Fund | |
| 0.0750% of the first $1 billion | 0.0750% of the first $1 billion | |
| 0.0675% of assets over $1 billion | 0.0675% of assets over $1 billion | |
| Xxxxxxx Values-Focused Small-Mid Cap Enhanced Index Fund (FKA Xxxxxxx Small-Mid Cap Enhanced Index Fund) | Xxxxxxx Values-Focused Large Cap Enhanced Index Fund (FKA Xxxxxxx Large Cap Enhanced Index Fund) | |
| 0.0750% of the first $1 billion | 0.0750% of the first $1 billion | |
| 0.0675% of assets over $1 billion | 0.0675% of assets over $1 billion | |
| Xxxxxxx Small Cap Growth Fund | ||
| 0.0750% of the first $1 billion | ||
| 0.0675% of assets over $1 billion | ||
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Amendment 1 to Administration Agreement – Xxxxxxx Funds, Inc.
Effective: November 15, 2021
The value of net assets of a Fund shall always be determined pursuant to the applicable provisions of the Company’s Articles of Incorporation dated May 11, 1992, as amended, and the Company’s registration statement. If, pursuant to such provisions, the determination of net asset value of a Fund is suspended for any particular business day, then for the purposes of this Appendix C, the value of the net assets of that Fund as last determined shall be deemed to be the value of its net assets as of the close of the New York Stock Exchange, or as of such other time as the value of the net assets of that Fund may lawfully be determined, on that day. If the determination of the net asset value of the shares of a Fund has been so suspended for a period including any month end when the Administrator’s compensation is payable pursuant to this Appendix C, then the Administrator’s compensation payable at the end of such month shall be computed on the basis of the value of the net assets of that Fund as last determined (whether during or prior to such month). If a Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this Appendix C.
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Amendment 1 to Administration Agreement – Xxxxxxx Funds, Inc.
Effective: November 15, 2021
