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September 27, 2005
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"), ALPS Mutual Funds Services, Inc. ("ALPS"), to improve the performance of the Trust's portfolios, hereby agrees to temporarily reduce the minimum administration fees it is entitled to receive pursuant to Section 2 of the Administration Agreement dated as of November 2, 1998 between the Trust and ALPS, as follows for the fiscal year ending October 31, 2006:
| Portfolio |
Contractual Minimum Administration Fee |
Reduced Minimum Administration Fee |
||||
|---|---|---|---|---|---|---|
| Aggressive Growth Fund | $ | 6,250/month | $ | 4,500/month | ||
| Growth Fund | $ | 6,250/month | $ | 4,500/month | ||
ALPS acknowledges that it will not be entitled to collect on or make a claim for the administration fees it would have received but for this reduction at any time in the future. ALPS agrees to continue such waivers for the portfolios through the end of the fiscal year (October 31, 2006).
ALPS MUTUAL FUNDS SERVICES, INC. |
|||
By: |
/s/ XXXXXX X. MAY |
||
| Name: Xxxxxx X. May Title: Managing Director of Operations & Client Services |
|||
Your signature below acknowledges
Acceptance of this Agreement:
By: |
/s/ XXXXXXX X. XXXXXXX |
||
| Name: Xxxxxxx X. Xxxxxxx Title: Chairman, Stonebridge Funds Trust |
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