Contractual Fee Waiver Agreement
Between Westlakes Institutional Portfolios and
▇▇▇▇▇▇ Investment Partners, Inc.
AGREEMENT made this 1st day of October 2002, by and between
Westlakes Institutional Portfolios, a Delaware business trust (the "Trust"), and
▇▇▇▇▇▇ Investment Partners, Inc. (the "Investment Adviser") (together, the
"Parties").
The Investment Adviser hereby agrees to limit the Portfolios' unified
management fee to the following levels for a period of one year from the date of
this Agreement:
Portfolio Unified Management Fee
High Yield Fixed Income Portfolio 0.40%
High Quality Fixed Income Portfolio 0.35%
BBB Fixed Income Portfolio 0.35%
Core Fixed Income Portfolio 0.35%
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be
executed as of the day and year first written above.
Westlakes Institutional Portfolios ▇▇▇▇▇▇ Investment Partners, Inc.
By:/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ By:/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
This Agreement embodies the entire agreement of the Parties relating to
the subject matter hereof. This Agreement supersedes all prior agreements and
understandings, and all rights and obligations thereunder are hereby canceled
and terminated. No amendment or modification of this Agreement will be valid or
binding unless it is in writing and signed by the Parties.
