INVESTMENT ADVISORY CONTRACT LETTER AGREEMENT Huntington Asset Advisors, Inc.
Exhibit
10 under Item 601/Reg. S-K
LETTER
AGREEMENT
Huntington
Asset Advisors, Inc.
00 Xxxxx
Xxxx Xxxxxx
Columbus,
OH 43287
June 15,
2009
The
Huntington Funds
00 Xxxxx
Xxxx Xxxxxx
Columbus,
OH 43287
Dear
Sirs:
Under the Investment Advisory Contract
between Huntington Asset Advisors, Inc. (the “Adviser”) and The Huntington Funds
(the “Trust”), dated June 23, 2006, as amended (the “Advisory Contract”),
effective as of June 15, 2009, the Adviser agrees to contractually waive
all or a portion of its investment advisory fee (based on average daily net
assets) which it is otherwise entitled to receive from the Funds listed below
(the “Funds”) and/or to reimburse certain operating expenses of the Funds to the
extent necessary to ensure that each Fund maintains a positive yield of at least
0.01%.
|
Huntington
Tax-Free Money Market Fund
|
Huntington
Ohio Municipal Money Market Fund
|
|
Huntington
Money Market Fund
|
Huntington
U.S. Treasury Money Market Fund
|
The Adviser shall be entitled to recoup
from a Fund any waived and/or reimbursed amounts for a period of up to three (3)
years from the date of the waiver and/or reimbursement. The Adviser
shall report to the Board of Trustees on a quarterly basis any waived and/or
reimbursed amounts and any recoupment. This Agreement shall continue in effect
until terminated by the Adviser upon thirty (30) days’ prior written notice to
the Trust.
If the foregoing correctly sets forth
the agreement between the Trust and the Adviser, please so indicate by signing
and returning to the Trust the enclosed copy hereof. This may be
executed in counterpart.
Very
truly yours,
HUNTINGTON
ASSET ADVISORS, INC.
By: /s/ Xxx
Xxxx
Name: Xxx
Xxxx
Title: Chief
Compliance Officer
ACCEPTED:
THE
HUNTINGTON FUNDS
By: /s/ Xxxx
XxXxxxxx
Name: Xxxx
XxXxxxxx
Title: Vice
President
