FIRST AMENDMENT TO DISTRIBUTION AGREEMENT
Exhibit (e)(2)
FIRST AMENDMENT TO
This first amendment (“Amendment”) to the Distribution Agreement (the “Agreement”) dated as of September 30, 2021 by and among Parnassus Funds and Parnassus Income Funds (collectively the “Client”) and Parnassus Funds Distributor, LLC (the “Distributor”) is entered into as of December 28, 2022 (the “Effective Date”).
RECITALS
WHEREAS, the Client and the Distributor (the “Parties”) desire to amend Exhibit A of the Agreement to reflect an additional Fund and a name change to an existing Fund; and
WHEREAS, Section 16 of the Agreement requires that all amendments and modifications to the Agreement be in writing and executed by the Parties.
AGREEMENT
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:
| 1. | Capitalized terms not otherwise defined herein shall have the meanings set forth in Agreement. |
| 2. | Exhibit A of the Agreement is hereby deleted in its entirety and replaced by Exhibit A attached hereto. |
| 3. | Except as expressly amended hereby, all of the provisions of the Agreement shall remain unamended and in full force and effect to the same extent as if fully set forth herein. |
| 4. | This Amendment shall be governed by, and the provisions of this Amendment shall be construed and interpreted under and in accordance with, the laws of the State of Delaware. |
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed in their names and on their behalf by and through their duly authorized officers, as of the Effective Date.
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PARNASSUS FUNDS DISTRIBUTOR, LLC
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| /s/ Xxxx X. Xxxxxxxx XX Xxxx X. Xxxxxxxx XX, CCO/Secretary |
/s/ Xxxxxx Xxxxx Xxxxxx Xxxxx, President | |||||
| PARNASSUS INCOME FUNDS
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| /s/ Xxxx X. Xxxxxxxx XX Xxxx X. Xxxxxxxx XX, CCO/Secretary |
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EXHIBIT A
Fund Names
As of December 28, 2022
| • | Parnassus Growth Equity Fund – Investor Shares |
| • | Parnassus Growth Equity Fund – Institutional Shares |
| • | Parnassus Endeavor Fund* – Investor Shares |
| • | Parnassus Endeavor Fund* – Institutional Shares |
| • | Parnassus Mid Cap Growth Fund – Investor Shares |
| • | Parnassus Mid Cap Growth Fund – Institutional Shares |
| • | Parnassus Mid Cap Fund – Investor Shares |
| • | Parnassus Mid Cap Fund – Institutional Shares |
| * | To be renamed Parnassus Value Equity Fund effective as of December 30, 2022. |
PARNASSUS INCOME FUNDS
| • | Parnassus Core Equity Fund – Investor Shares |
| • | Parnassus Core Equity Fund – Institutional Shares |
| • | Parnassus Fixed Income Fund – Investor Shares |
| • | Parnassus Fixed Income Fund – Institutional Shares |
