AMENDMENT No. 2 TO THE INVESTMENT SUB-ADVISORY AGREEMENT
AMENDMENT
No. 2 TO THE
INVESTMENT SUB-ADVISORY AGREEMENT
This Amendment No. 2 is made to the Investment Sub-Advisory Agreement between Castle Investment Management, LLC (the “Advisor”) and St. Xxxxx Investment Company, LLC (the “Sub-Advisor”) on behalf of the Castle Focus Fund and shall become effective as of June 30, 2022. It is mutually understood and agreed by and between the undersigned parties to amend Schedule A of the Investment Sub-Advisory Agreement to read as follows:
SCHEDULE A
The Advisor shall pay the Sub-Advisor, as full compensation for services provided and expenses assumed hereunder, a sub-advisory fee for the Fund, computed daily and payable monthly at the annual rates listed below as a percentage of the average daily net assets of the Fund:
Assets | Sub-Advisory Fee |
Where net assets of the Fund are between $0 million to $500 million | 0.30% on all Fund assets |
Where net assets of the Fund are between $500 million up to $1 billion | Blended rate of: (i) 0.30% on assets below $500 million; and (ii) 0.35% on assets from $500 million up to $1 billion. |
Where net assets of the Fund are in excess of $1 billion. | Blended rate of: (i) 0.30% on assets below $500 million; (ii) 0.35% on assets from $500 million to $1 billion; and (iii) 0.40% on assets above $1 billion. |
Castle Investment Management, LLC St. Xxxxx Investment Company, LLC
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxxx Xxxxxx
Print Name: Xxxxxx X. Xxxxx Print Name: Xxxxx Xxxxxx
Title: Managing Member Title: Member
Date: 7/6/22 Date: 7/6/22