LETTER AGREEMENT AMG Managers CenterSquare Real Estate Fund Subadvisory Agreement
AMG Managers CenterSquare Real Estate Fund
Subadvisory Agreement
October 1, 2016
CenterSquare Investment Management, Inc.
000 Xxxx Xxxxxxxxxx Pike, Suite 300
Plymouth Meeting, Pennsylvania 19462
Attn: Compliance
| Re: | Subadvisory Agreement between AMG Funds LLC (formerly Managers Investment Group LLC) (the “Adviser”) and CenterSquare Investment Management, Inc. (formerly Xxxxxx Securities Management, Inc.) (the “Subadvisor”), dated as of March 1, 2006, and as amended from time to time (the “Subadvisory Agreement”) |
Ladies and Gentlemen:
Pursuant to Section 9 of the Subadvisory Agreement, the Adviser hereby notifies you that Schedule A to the Subadvisory Agreement is amended, effective as of the date hereof, to reflect a revised subadvisory fee (the “New Subadvisory Fee”) that has been agreed to by the Adviser and the Subadvisor with respect to AMG CenterSquare Real Estate Fund (formerly Managers Real Estate Fund), a series of AMG Funds I (formerly Managers Trust I) (the “Trust”). Attached as Appendix A is an amended and restated Schedule A to the Subadvisory Agreement setting forth the annual fee that the Adviser will pay the Subadvisor pursuant to Section 5 of the Subadvisory Agreement.
Please acknowledge your agreement to the New Subadvisory Fee as set forth on Appendix A by executing this letter agreement in the space provided below and then returning it to the undersigned.
| Sincerely, | ||
| AMG Funds LLC | ||
| By: |
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| Name: | ||
| Title: | ||
| ACKNOWLEDGED AND ACCEPTED | ||
| CenterSquare Investment Management, Inc. | ||
| By: |
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| Name: | ||
| Title: | ||
| Date: | ||
| ACKNOWLEDGED | ||
| AMG Funds I | ||
| By: |
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| Name: | ||
| Title: | ||
| Date: | ||
Appendix A
AMENDED AND RESTATED
SCHEDULE A
AMG Managers CenterSquare Real Estate Fund
The Adviser shall pay to the Subadvisor a quarterly gross investment subadvisory fee for each calendar quarter at an annual rate equal to [ ]. The fee shall be pro-rated for any calendar quarter during which the contract is in effect for only a portion of the quarter.
