(d)(5)(ii)
Xxxxxx, Xxxxxx & Company, L.P.
Xxx Xxxxxxxxx Xxxxxx
Xxxxxx, XX 00000
December 1, 2007
Xxxxxx Xxxxxx Funds I
Xxxxxx Xxxxxx Bond Fund
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
Attn: Xxxxxxx X. Xxxxxx, Treasurer
Re: Xxxxxx Xxxxxx Bond Fund Advisory Agreement Addendum
Dear Xx. Xxxxxx:
The Advisory Agreement dated September 12, 2003 between Xxxxxx Xxxxxx Funds I
(the "Trust"), with respect to its Xxxxxx Xxxxxx Bond Fund (the "Series"), and
Xxxxxx, Xxxxxx & Company, L.P. (the "Adviser") is hereby revised, effective
December 1, 2007, to delete Section 7 and to replace it with the following:
7. As full compensation for all services rendered, facilities furnished and
expenses borne by the Adviser hereunder, the Trust shall pay the Adviser
compensation at the annual percentage rate of 0.60% of the first $3 billion of
the average daily net assets of the Series, 0.50% of the next $12 billion of
such assets and 0.49% over $15 billion of such assets, respectively, or such
lesser rate as the Adviser may agree to from time to time. Such compensation
shall be payable monthly in arrears or at such other intervals, not less
frequently than quarterly, as the Board of Trustees of the Trust may from time
to time determine and specify in writing to the Adviser. The Adviser hereby
acknowledges that the Trust's obligation to pay such compensation is binding
only on the assets and property belonging to the Series.
To indicate your approval and acceptance of the terms of this letter, please
sign below where indicated.
Xxxxxx, Xxxxxx & Company, L.P.
By: Xxxxxx, Xxxxxx & Company, Inc., its general partner
By: /s/ Xxxxx Charleston
-------------------------
Name: Xxxxx Charleston
Title: Director
1
ACCEPTED AND AGREED TO:
Xxxxxx Xxxxxx Funds I, on behalf of
Xxxxxx Xxxxxx Bond Fund
By: /s/ Xxxxxxx X. Xxxxxx
-------------------------
Xxxxxxx X. Xxxxxx
Title: Treasurer
Date: December 1, 2007
2
