AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT for the BRANDES INTERNATIONAL EQUITY FUND
AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT
for the
XXXXXXX INTERNATIONAL EQUITY FUND
This Amendment (the “Amendment”) is made and entered into April 16, 2009 among M Financial Investment Advisers, Inc., a Colorado corporation (the “Adviser”) and Xxxxxxx Investment Partners, L.P. a California limited partnership (the “Sub-Adviser;” and with the Adviser, the “Parties”).
RECITALS
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A. The parties entered into an Investment Sub-Advisory Agreement for the Xxxxxxx International Equity Fund dated May 1, 2000 (the “Agreement”). |
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B. It has come to the attention of the parties that the Agreement contains an error regarding the payment schedule from the Adviser to the Sub-Adviser. |
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C. The parties desire to amend the Agreement to correct the error. |
AGREEMENT
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1. Amendment. Section 4 of the Agreement is amended to read in its entirety as follows: |
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Compensation of the Sub-Adviser. For the services to be provided by the Sub-Adviser pursuant to this Agreement, the Adviser shall pay to the Sub-Adviser, and the Sub-Adviser agrees to accept as full compensation therefore, a sub-advisory fee at the rates specified in Schedule A, which is attached hereto and made part of this Agreement. The fee shall be calculated by applying a daily rate, based
on the annual percentage rates as specified in Schedule A, to the average daily net assets of the Portfolio and shall be paid to the Sub-Adviser quarterly. The Sub-Adviser may, in its discretion and from time to time, waive all of a portion of its fee. |
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3. Other Provisions. The provisions of the Agreement that are not amended or deleted by this Amendment remain unchanged and in full force and effect. |
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4. |
Defined Terms. All capitalized terms used, but not defined in this Amendment, have the definitions given them in the Agreement. |
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5. Signatures. This Amendment may be signed in counterparts. A fax of portable document format (pdf) transmission of a signature page will be considered an original signature page. At the request of a party, the other party will confirm a fax- or pdf-transmitted signature
page by delivering an original signature page to the requesting party. |
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[This space is intentionally blank.] |
The Parties have caused this AMENDMENT TO THE SUB-ADVISORY AGREEMENT for the XXXXXXX INTERNATIONAL EQUITY FUND to be executed by their duly authorized officers as of the day and year first written above.
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M FINANCIAL ADVISERS, INC.
/s/ Xxxxxx Xxxxx
By: Xxxxxx Xxxxx, President |
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Xxxxxxx Investment Partners, L.P.
/s/ Xxxxxxxx Xxxx
By: Xxxxxxxx Xxxx
Its: Head of Compliance
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