Addendum to Management Agreement
Addendum to Management Agreement
To: Xxxxxx Investment Trust
The Wellesley Office Park
00 Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxxxxxxx 00000
Dear Board Members:
You have engaged us to act as the investment adviser to the Xxxxxx Convertible Fund (the “Fund”) pursuant to a management agreement dated as of December 21, 2007 (the “Agreement”). Effective March 1, 2009, we hereby contractually agree to permanently reduce the management fees payable under the Agreement from 1.00% of the average daily net assets of the Fund to 0.75% of the average daily net assets of the Fund. All other terms and conditions of the Agreement remain unchanged.
Very truly yours,
WELLESLEY INVESTMENT ADVISORS, INC.
By: /s/ Xxxx Miller____________________ Name: Xxxx Xxxxxx Title: CEO |
Acceptance
The foregoing Agreement is hereby accepted.
XXXXXX INVESTMENT TRUST
By: /s/ Xxxx Miller__________ |