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February 17, 2006
Xx. Xxxxxxx
X. Xxxxxxx, Chairman
Stonebridge Funds Trust
0000 Xxxxxxx Xxxx Xxxx, Xxxxx 0000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
Re: Stonebridge Funds Trust (The "Trust")
Dear Xx. Xxxxxxx:
By our execution of this letter agreement (the "Agreement"), Stonebridge Capital Management ("Stonebridge Capital"), to improve the performance of the Trust's Small Cap Growth Fund portfolio (the "Fund"), hereby waives a portion of the advisory fees Stonebridge Capital is entitled to receive pursuant to Section 6 of the Investment Advisory Agreement dated as of November 2, 1998 between the Trust, on behalf of the Fund, and Stonebridge Capital, as follows:
| Portfolio |
Contractual Advisory Fee |
Advisory Fee Waiver |
Net Advisory Fee |
||||
|---|---|---|---|---|---|---|---|
| Small Cap Growth Fund | 1.00 | % | .50 | % | .50 | % |
Stonebridge Capital hereby confirms that the Fund's advisory fee waiver referenced above has been in effect since November 1, 2005 and will continue until February 27, 2007. Stonebridge Capital acknowledges that it will not be entitled to collect on or make a claim for waived fees at any time in the future.
STONEBRIDGE CAPITAL MANAGEMENT |
|||
By: |
/s/ XXXXX X. XXXXXX |
||
| Name: Xxxxx X. Xxxxxx Title: Chief Financial Officer |
|||
Your signature below acknowledges
Acceptance of this Agreement:
By: |
/s/ XXXXXXX X. XXXXXXX |
||
| Name: Xxxxxxx X. Xxxxxxx Title: Chairman, Stonebridge Funds Trust |
|||
