EXHIBIT 23(e)(2)
FIRST AMENDMENT
TO THE DISTRIBUTION AGREEMENT
DATED SEPTEMBER 30, 2005,
BY AND AMONG
THE DRAKE FUNDS TRUST AND
ALPS DISTRIBUTORS, INC.
THIS AMENDMENT is made as of October ____, 2005, by and between THE DRAKE
FUNDS TRUST, a Delaware statutory trust (the "Trust") and ALPS DISTRIBUTORS,
INC., a corporation organized under the laws of the State of Colorado, ("ALPS").
WHEREAS, the Trust and ALPS have entered into a Distribution Agreement (the
"Agreement") dated September 30, 2005.
WHEREAS, the Trust and ALPS wish to modify the Agreement.
NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as
follows:
1. The Trust is an open-end management investment company registered
under the Investment Company Act of 1940, as amended (the "1940
Act"), presently consisting of the portfolios listed in Appendix
A attached hereto.
2. Other than as amended hereby, all terms and conditions of the
Agreement are unchanged and remain in full force and effect. This
Amendment shall be deemed to be an amendment to the Agreement and
shall be governed by the laws of the State of Colorado.
APPENDIX A
Low Duration Fund- Drake Class and Administrative Class shares
Total Return Fund-Drake Class and Administrative Class shares
Global Bond Fund (Unhedged)-Drake Class and Administrative Class shares
IN WITNESS WHEREOF, this Amendment has been executed by a duly authorized
representative of each of the parties hereto as of the date of the Amendment
first set forth above.
THE DRAKE FUNDS TRUST
By:
---------------------------------
Name:
-------------------------------
Title:
------------------------------
ALPS DISTRIBUTORS, INC.
By:
---------------------------------
Name:
-------------------------------
Title:
------------------------------
