EX-99.H OTH MAT CONT 17 exh5c.txt SHAREHOLDER SERVICES AGREEMENT Exhibit (h)(5)(c) AMENDMENT TO SHAREHOLDER SERVICES AGREEMENT Dated June 12, 2007 The following Section of the Shareholder Services Agreement dated March 16, 1994 is Amended as follows: Section 8. As full compensation for the services performed by, the Hawaii Municipal Fund and Hawaii Intermediate Fund shall pay LFR a fee at the annualized rate of up to .10 of one percent (.10%) of the average daily net assets of each respective Fund. This fee will be computed daily and be paid monthly within ten (10) business days after the last day of each month. This fee shall be prorated for any fraction of a month at the commencement or termination of this Agreement. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed by their duly authorized officers as of the day and year first above written. FIRST PACIFIC MUTUAL FUND, INC. By: __/s/ Terrence K.H Lee_____________ Terrence K.H. Lee, President Attest: _/s/ Jean Chun Lee______________ Jean Chun Lee, Secretary LEE FINANCIAL RECORDKEEPING, INC. By: __/s/ Terrence K.H Lee_____________ Terrence K.H. Lee, President Attest: _/s/ Jean Chun Lee______________ Jean Chun Lee, Secretary