MONTEAGLE FUNDS AMENDMENT TO THE TRI-PARTY AGREEMENT FOR DISTRIBUTION SERVICES
AMENDMENT TO THE TRI-PARTY AGREEMENT FOR DISTRIBUTION SERVICES
THIS AMENDMENT, dated as of the 26th day of January, 2022 to the Distribution Agreement, dated as of November 1, 2019 (the “Agreement”), beginning on or about February 1, 2022, is entered into by and between MONTEAGLE FUNDS, a Delaware statutory trust (the “Trust” and/or Investment Company “IC,” or “Fund”), and ARBOR COURT CAPITAL LLC (“ACC”), a limited liability corporation organized and existing under the laws of the State of Ohio.
RECITALS
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the parties desire to amend the Agreement to add one (1) Fund, the Monteagle Enhanced Equity Income Fund; and
WHEREAS, Article 15 of the Agreement allows for an amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
Schedule A of the Agreement is hereby superseded and replaced with Amended Schedule A attached hereto.
Schedule B of the Agreement is hereby superseded and replaced with Amended Schedule B attached hereto.
Except to the extent amended hereby, the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.
By: /s/ Xxxx X. Xxxxxxx
Xxxx X. Xxxxxxx, President
Dated: January 26, 2022
ARBOR COURT CAPITAL, LLC
By: /s/ Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx, President
Dated: January 26, 2022
AMENDED SCHEDULE A
to the
between
The Monteagle Funds and Arbor Court Capital
Pursuant to Section 1 of the Distribution Agreement among MONTEAGLE FUNDS (the “Trust/IC”) and Arbor Court Capital (“ACC”), the Trust/IC hereby appoints ACC as its agent to be the principal underwriter of the Trust/IC with respect to its following series:
The Texas Fund Class I Shares: BIGTX
Monteagle Select Value Funds Class I Shares MVEIX
Monteagle Opportunity Equity Fund Investor Class Shares: HEQFX
Monteagle Opportunity Equity Fund Institutional Class Shares: HEQCX
Smart Diversification Fund Class I Shares: SMDFX
Monteagle Enhanced Equity Income Fund Institutional Class Shares: EEIFX
Monteagle Enhanced Equity Income Fund Institutional Plus Class Shares: EEIYX
By: /s/ Xxxx X. Xxxxxxx
Xxxx X. Xxxxxxx, President
Dated: January 26, 2022
ARBOR COURT CAPITAL, LLC
By: /s/ Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx, President
Dated: January 26, 2022
AMENDED SCHEDULE B
to the
between
The Monteagle Funds and Arbor Court Capital
The service fee schedule for Distribution Services provided by Arbor Court Capital (“ACC”) for the Monteagle Funds are:
· $7,200 per annum for the trust - up to 6 portfolios with multiple classes.
· Advertising reviews are conducting by ACC Principal at a rate of $150/hour (Typically new marketing pieces require 1 to 3 hours to review depending on the number of changes required). Existing marketing pieces previously approve by FINRA using another distributor require an initial review but typically are acceptable by ACC along with the documentation of that previous approval. All FINRA advertising fees will pass through as well.
· $600 annually for website archiving unless it is already being handled – which access shall be provided to ACC for compliance related purposes.
· $2,000 annually per FINRA registered reps employed by the Trust/IC wherein ACC is asked to carry the FINRA license.
· ACC reserves the right to pass-along FINRA assessments, State Registration Fees, or invoiced to ACC as a result of platform, dealer, or registered representative relationships required by Trust/IC.
By: /s/ Xxxx X. Xxxxxxx
Xxxx X. Xxxxxxx, President
Dated: January 26, 2022
ARBOR COURT CAPITAL, LLC
By: /s/ Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx, President
Dated: January 26, 2022
