September 26, 2002
Xx. Xxxxxxx X. Xxxxxxx, Chairman
Stonebridge Funds Trust
0000 Xxxxxxx Xxxx Xxxx, Xxxxx 0000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
Re: Stonebridge Funds Trust (the "Trust")
-------------------------------------
Dear Xx. Xxxxxxx:
By our execution of this letter agreement (the "Agreement"), ALPS Mutual Funds
Services, Inc. ("ALPS"), to improve the performance of the Trust's portfolios,
xxxxxx agrees to temporarily reduce the minimum administration fees it is
entitled to receive pursuant to Section 2 of the Administration Agreement dated
as of November 2, 1998 between the Trust and ALPS, as follows for the fiscal
year ending October 31, 2003:
CONTRACTUAL MINIMUM REDUCED MINIMUM
PORTFOLIO ADMINISTRATION FEE ADMINISTRATION FEE
------------------------------------------------------------
Aggressive $6,250/month $4,500/month
Growth Fund
Growth Fund $6,250/month $4,500/month
ALPS acknowledges that it will not be entitled to collect on or make a claim for
the administration fees it would have received but for this reduction at any
time in the future. ALPS agrees to continue such waivers for the portfolios
through the end of the fiscal year (October 31, 2003).
ALPS MUTUAL FUNDS SERVICES, INC.
By: /s/ Xxxxxx X. Xxxxxx
------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Chief Financial Officer
Your signature below acknowledges Acceptance of this Agreement:
By: /s/ Xxxxxxx X. Xxxxxxx
------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Chairman,
Stonebridge Funds Trust
