Exhibit (h)(7): Amendment to Fund Accounting and Compliance Administration
-------------- Agreement between the Registrant and
The Nottingham Company, Inc.
Exhibit B
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AMENDED AND RESTATED
ADMINISTRATOR'S COMPENSATION SCHEDULE
As Amended on December 21, 2000
For the services delineated in the FUND ACCOUNTING AND COMPLIANCE ADMINISTRATION
AGREEMENT, the Administrator shall be compensated monthly a base fee plus an
administration fee based upon net assets according to the following schedule.
The fee is calculated based upon the average daily net assets of each Fund:
FUND ACCOUNTING FEE
Base fee: $2,250 per month per class
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(Except The Chesapeake Growth Fund Super-Institutional Class)
Asset based fee: Annual fee of 1 basis point
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(Except The Chesapeake Growth Fund Super-Institutional Class)
ADMINISTRATION FEE
Annual
Net Assets Fee
---------- ---
The Chesapeake Aggressive Growth Fund $50,000
Plus:
On the first $25 million 0.200%
On the next $25 million 0.150%
On all assets over $50 million 0.075%
The Chesapeake Growth Fund
(except Super-Institutional Shares) $12,500 per class
Plus:
On all assets 0.075%
The Chesapeake Growth Fund
Super-Institutional Shares only Waived
Plus:
On all assets 0.015%
The Chesapeake Core Growth Fund $12,500 per class
Plus:
On all assets 0.075%
OUT OF POCKET
Securities pricing:
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$0.25 per equity per pricing day priced
$0.70 per foreign security per pricing day
$0.20 per U.S. Treasury
$1.00 per asset backed security per pricing day
$0.40 per corporate bond per pricing day
$2.00 per equity per month for corporate action
Blue Sky administration:
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$150 per registration per state per year
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Exhibit C
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DOMESTIC CUSTODY FEE SCHEDULE
CUSTODY ADMINISTRATION FEES
Asset based fee:
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On the first $100 million of assets 2.0 basis points
On all assets over $100 million 0.9 basis points
TRANSACTION FEES
$4.00 Book Entry DTC Transactions
$10.00 Book Entry Federal Reserve Transactions
$30.00 Physical Securities Transactions
$15.00 Options
$8.00 Futures Contracts
$4.00 Paydowns on Mortgage Backed Securities.
$5.50 Fed Wire Charge on Repo Collateral in / out.
$6.50 Cash Wire Transfers
Minimum Annual Fee: $4,800 per fund ($400 per month)
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