ADDENDUM TO ADVISORY AGREEMENT
Addendum dated September 8, 2003 to the Advisory Agreement dated July 1,
2001 (the "Agreement") between Atalanta/Sosnoff Investment Trust (the "Trust"),
on behalf of the Atalanta/Sosnoff Fund (the "Fund"), and Atalanta/Sosnoff
Capital Corporation (Delaware) (the "Adviser").
RECITALS
A. The Agreement authorizes the payment of a monthly advisory fee equal to
an annual rate of .75% of the Fund's average daily assets, subject to certain
Performance Fee Adjustments as set forth in the Agreement.
B. The Fund is responsible, pursuant to the Agreement, for paying the
operational expenses of the Fund. C. The Adviser desires to waive its fees and
to reimburse the Fund's expenses as provided herein, and the Trust has agreed to
accept such waiver and reimbursement.
NOW THEREFORE, it is agreed that:
1. Effective immediately and through October 1, 2008, the Adviser shall
waive advisory fees and reimburse the Fund for the Fund's expenses, excluding
brokerage fees and commissions, taxes, borrowing costs (such as (a) interest and
(b) dividend expense on securities sold short) and such extraordinary or
non-recurring expenses as may arise, including litigation to which the Fund may
be a party and indemnification of the Trust's trustees and officers with respect
thereto, in order to maintain total Fund operating expenses at 1.50% per annum
of its average daily net assets. Such limitation of 1.50% shall be calculated
prior to the application of the Performance Fee Adjustment as defined in
Schedule B to the Agreement.
2. The Agreement is unchanged in all other respects.
IN WITNESS WHEREOF, the parties have caused this Addendum to be signed by
their officers designated below, all as of the date first written above.
ATALANTA/SOSNOFF CAPITAL CORP. (DELAWARE)
By: /s/ Xxxxx Xxxxx
-----------------------------
Name and Title Xxxxx Xxxxx, CFO
Accepted by:
ATALANTA/SOSNOFF INVESTMENT TRUST
By: /s/ Xxxx Xxxxxxx
-----------------------------
Name and Title: Chairman & President
ADDENDUM TO ADVISORY AGREEMENT
Addendum dated September 8, 2003 to the Advisory Agreement dated July 1,
2001 (the "Agreement") between Atalanta/Sosnoff Investment Trust (the "Trust"),
on behalf of the Atalanta/Sosnoff Value Fund (the "Fund"), and Atalanta/Sosnoff
Capital Corporation (Delaware) (the "Adviser"). RECITALS
A. The Agreement authorizes the payment of a monthly advisory fee equal to
an annual rate of .75% of the Fund's average daily assets, subject to certain
Performance Fee Adjustments as set forth in the Agreement.
B. The Fund is responsible, pursuant to the Agreement, for paying the
operational expenses of the Fund. C. The Adviser desires to waive its fees and
to reimburse the Fund's expenses as provided herein, and the Trust has agreed to
accept such waiver and reimbursement.
NOW THEREFORE, it is agreed that:
1. Effective immediately and through October 1, 2008, the Adviser shall
waive advisory fees and reimburse the Fund for the Fund's expenses, excluding
brokerage fees and commissions, taxes, borrowing costs (such as (a) interest and
(b) dividend expense on securities sold short) and such extraordinary or
non-recurring expenses as may arise, including litigation to which the Fund may
be a party and indemnification of the Trust's trustees and officers with respect
thereto, in order to maintain total Fund operating expenses at 1.50% per annum
of its average daily net assets. Such limitation of 1.50% shall be calculated
prior to the application of the Performance Fee Adjustment as defined in
Schedule B to the Agreement.
2. The Agreement is unchanged in all other respects.
IN WITNESS WHEREOF, the parties have caused this Addendum to be signed by
their officers designated below, all as of the date first written above.
ATALANTA/SOSNOFF CAPITAL CORP. (DELAWARE)
By: /s/ Xxxxx Xxxxx
-----------------------------
Name and Title Xxxxx Xxxxx, CFO
Accepted by:
ATALANTA/SOSNOFF INVESTMENT TRUST
By: /s/ Xxxx Xxxxxxx
-----------------------------
Name and Title: Chairman & President
