Letter Agreement
Letter Agreement
TO: Neiman Funds
000 Xxxxxxxxx Xxxxx
Williamsville, NY 14221
Dear Ladies and Gentlemen:
You have engaged us to act as the sole investment advisor to the Neiman Large Cap Value Fund (the “Fund”), pursuant to a Management Agreement dated April 1, 2019. Effective August 1, 2023, we hereby contractually agree to waive management fees and reimburse expenses to the extent necessary to maintain total annual operating expenses of the Fund (excluding brokerage fees and commissions, interest and other borrowing expenses, taxes, indirect expenses (such as expenses of other investment companies in which the Fund invests) and extraordinary expenses) at an amount not to exceed 1.45% of its average daily net assets for No-Load Class and at an amount not to exceed 1.45% of its average daily net assets for Class A Shares through July 31, 2024.
Very
truly yours,
Neiman Funds Management LLC
By: /s/ Xxxxxx Xxxxxx
Xxxxxx Xxxxxx
Managing Member
Acceptance: The foregoing agreement is xxxxxx accepted.
By: /s/ Xxxxxx Xxxxxx
Xxxxxx Xxxxxx
President
