CENTURY CAPITAL MANAGEMENT, LLC
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxxxxx, XX 00000
December 1, 2007
Board of Trustees
Century Capital Management Trust
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxxxxx, XX 00000
Re: Fee Waiver and Expense Reimbursement Agreement
Dear Gentlemen:
Century Capital Management, LLC hereby confirms our agreement with you as
follows:
Pursuant to an Investment Advisory Agreement dated as of January 29, 2004 (the
"Advisory Agreement"), you have employed us to manage the investment and
reinvestment of the assets of Century Shares Trust (the "Fund"), a series of
Century Capital Management Trust.
We hereby agree that, notwithstanding any provision to the contrary contained in
the Advisory Agreement, we shall limit, by waiver of the fees payable to us
pursuant to the Advisory Agreement or by reimbursement, the aggregate expenses
of every character incurred by the Fund's Investor Shares, excluding brokerage
commissions, taxes, interest and litigation, indemnification and other
extraordinary expenses (the "Limitation"). Under the Limitation, we agree that,
effective February 28, 2008 through February 28, 2009, such expenses shall not
exceed a percentage of average daily net assets equal to, on an annualized
basis, 1.45%.
Very truly yours,
CENTURY CAPITAL MANAGEMENT, LLC
By: /s/ Xxxxxxxxx X. Xxxxxxxxx
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Xxxxxxxxx X. Xxxxxxxxx
Managing Partner
