LETTER AGREEMENT Brandywine Fund Brandywine Blue Fund Brandywine Advisors Midcap Growth Fund Investment Management Agreement
Brandywine Fund
Brandywine Blue Fund
Brandywine Advisors Midcap Growth Fund
Investment Management Agreement
[ ], 2013
Managers Investment Group LLC
000 Xxxxxxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxxxxx 00000
Attn: Xxxxxx X. Xxxxx, Chief Operating Officer
| Re: | Investment Management Agreement between Managers Investment Group LLC and Managers Trust I, dated as of July 31, 2003 |
Ladies and Gentlemen:
Pursuant to Section 1(b) of the Investment Management Agreement between Managers Investment Group LLC (f/k/a The Managers Funds LLC) (“Managers”) and Managers Trust I (the “Trust”), dated July 31, 2003, and as amended from time to time, the Trust hereby notifies you that it is establishing three new series to be named Brandywine Fund, Brandywine Blue Fund, and Brandywine Advisors Midcap Growth Fund (the “New Funds”), and that the Trust desires to retain Managers to provide management and investment advisory services with respect to the New Funds pursuant to the terms and conditions of the Investment Management Agreement. Attached as Appendix A is an addendum to Schedule A to the Investment Management Agreement.
Please acknowledge your agreement to provide such management and investment advisory services to the New Funds by executing this letter agreement in the space provided below and then returning it to the undersigned.
| Sincerely, | ||
| Managers Trust I | ||
| By: | /s/ Xxxxxx X. Xxxxxx | |
| Name: Xxxxxx X. Xxxxxx | ||
| Title: Treasurer, Chief Financial Officer, and Principal Financial Officer | ||
| ACKNOWLEDGED AND ACCEPTED | ||
| Managers Investment Group LLC | ||
| By: | /s/ Xxxxxx X. Xxxxx | |
| Name: Xxxxxx X. Xxxxx | ||
| Title: Chief Operating Officer | ||
| Date: [ ], 2013 | ||
Appendix A
ADDENDUM TO
SCHEDULE A
Brandywine Fund
Advisory Fees pursuant to Section 2(a)
The Trust shall pay to the Advisor an annual gross investment advisory fee equal to 1.00% of the average daily net assets of Brandywine Fund. Such fee shall be accrued daily and paid as soon as practical after the last day of each calendar month.
Administration Fees Pursuant to Section 2(b)
None.
Brandywine Blue Fund
Advisory Fees pursuant to Section 2(a)
The Trust shall pay to the Advisor an annual gross investment advisory fee equal to 1.00% of the average daily net assets of Brandywine Blue Fund. Such fee shall be accrued daily and paid as soon as practical after the last day of each calendar month.
Administration Fees Pursuant to Section 2(b)
None.
Brandywine Advisors Midcap Growth Fund
Advisory Fees pursuant to Section 2(a)
The Trust shall pay to the Advisor an annual gross investment advisory fee equal to 1.00% of the average daily net assets of Brandywine Advisors Midcap Growth Fund. Such fee shall be accrued daily and paid as soon as practical after the last day of each calendar month.
Administration Fees Pursuant to Section 2(b)
None.
