First Amendment to Monteagle Funds Management Agreement
First Amendment
to
This First Amendment to the Management Agreement (the “Amendment”) is entered into this 17th day of September, 2013, by and between the Monteagle Funds, a Delaware business trust, with its principal office and place of business at 0000 Xxxxxxx Xxx., Xxxxxxxxx, Xxxxxxxxx, 00000 (the “Trust”); and Nashville Capital Corporation, a Tennessee corporation, with its principal place of business at 0000 Xxxxxxx Xxx., Xxxxxxxxx, Xxxxxxxxx 00000 (the “Adviser”) with reference to the following facts:
WHEREAS, the Trust and the Adviser entered into an Management Agreement dated May 1, 2009 (the “Agreement”), wherein the Trust engaged the Adviser to perform investment advisory and certain operational services for each series of the Trust listed in Appendix A hereto (each, a "Fund" and collectively, the "Funds); and
WHEREAS, the Trust is adding a new series called The Texas Fund, and wishes to have the Adviser perform the same investment advisory and operational services for this new series of the Trust; and
WHEREAS, the Trust and the Adviser wish to amend the Agreement as described herein; and
WHEREAS, the Trust and the Adviser each agree that the amendment to the Agreement is not intended to reduce in any manner the nature, quality, level, or extent of services to be rendered by the Adviser to the Trust.
NOW, THEREFORE, it is agreed that the Agreement is hereby amended as follows:
Appendix A (fee schedule) of the Agreement is hereby deleted in its entirety and replaced with the attached, updated Appendix A (fee schedule) which shall be effective September 17, 2013. Except as modified herein, the terms and conditions of the Agreement remain unchanged and in full force and effect.
EXECUTED on the date first above written.
Nashville Capital Corporation
/s/ Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
President
/s/ Xxxx Xxxxxxx
Xxxx Xxxxxxx
President
INVESTMENT ADVISORY AGREEMENT
APPENDIX A
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ANNUAL FEE RATE AS A % OF THE FUNDS
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ADVISER
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FUND
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OF THE TRUST - NET ASSETS OF THE FUND
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Nashville Capital Corporation
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Select Value Fund
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First $25 Million 1.20%
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Next $25 Million 1.115%
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Next $50 Million .975%
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Over $100 Million .875%
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Nashville Capital Corporation
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Quality Growth Fund
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First $25 Million 1.20%
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Next $25 Million 1.115%
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Next $50 Million .975%
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Over $100 Million .875%
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Nashville Capital Corporation
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Large-Cap Growth Fund
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First $25 Million 1.20%
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Next $25 Million 1.115%
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Next $50 Million .975%
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Over $100 Million .875%
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Nashville Capital Corporation
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Value Fund
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First $25 Million 1.20%
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Next $25 Million 1.115%
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Next $50 Million .975%
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Over $100 Million .875%
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Nashville Capital Corporation
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Fixed Income Fund
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First $25 Million .965%
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Next $25 Million .965%
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Next $50 Million .845%
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Over $100 Million .775%
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Nashville Capital Corporation
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Informed Investor Fund
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First $25 Million 1.20%
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Next $25 Million 1.115%
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Next $50 Million .975%
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Over $100 Million .875%
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Nashville Capital Corporation
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The Texas Fund
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First $10 Million 1.45%
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Next $15 Million 1.35%
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Next $25 Million 1.25%
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Next $50 Million 1.10%
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Over $100 Million .95%
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