May 16, 2016 Marie Chandoha President and CEO The Charles Schwab Family of Funds

May 16, 2016

Xxxxx Xxxxxxxx

President and CEO

The Xxxxxxx Xxxxxx Family of Funds

000 Xxxx Xxxxxx

San Francisco, CA 94105

Re: The Xxxxxxx Xxxxxx Family of Funds (the “Trust”)

Dear Xx. Xxxxxxxx:

This letter will confirm our agreement to limit net operating expenses of the following series of the Trust, as noted in the table below and described in the Trust’s registration statement filed with the Securities and Exchange Commission.

Fund		Net Operating Expense Limit		Guaranteed Through
Schwab Retirement Government Money Fund		20 bps		4/29/18

Sincerely,
/s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Chief Financial Officer Xxxxxxx Xxxxxx Investment Management, Inc.				/s/ Xxxx Xxxxxxxx Xxxx Xxxxxxxx Senior Vice President Xxxxxxx Xxxxxx & Co., Inc.