Amendment
Amendment, effective June 5, 2014 to that certain Portfolio Management Agreement
dated November 18, 2009 ("TBC Agreement") between The Boston Company Asset
Management, LLC ("Portfolio Manager") and the HC Capital Trust (formerly The
Xxxxxx Xxxxxxxxx Trust) ("Trust"), a Delaware statutory trust, relating to The
Emerging Markets Portfolio of the Trust.
WHEREAS, the Trust has retained the Portfolio Manager to provide a continuous
program of investment management for certain assets of The Emerging Markets
Portfolio of the Trust ("Account") pursuant to the TBC Agreement; and
WHEREAS, the Trust and Portfolio Manager have agreed to reduce the fee payable
to Portfolio Manager under the TBC Agreement;
NOW THEREFORE, in consideration of the promises and covenants set forth herein
and intending to be legally bound hereby, the parties agree that the second
sentence in Section 4 of the 2006 BlackRock Agreement is hereby deleted and
replaced with the following:
For its services under this Agreement, Portfolio Manager shall be entitled to
receive a fee, which fee shall be payable monthly in arrears at the annual
rate of 0.90% of the average daily net assets of the first $50 million of the
Account; 0.85% on the next $50 million of the average daily net assets of the
Account; 0.70% on the next $100 million of the average daily net assets of the
Account; 0.55% on the next $200 million of the average daily net assets of the
Account; and 0.50% on assets over $400 million.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by their officers thereunto duly authorized as of the day and year
first written above.
The Boston Company Asset Management, LLC
By: /s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: Chairman, CEO & CIO
HC Capital Trust
By: /s/ Xxxxxxx Xxxxxxx
Name: Xxxxxxx Xxxxxxx
Title: VP & Treasurer
