AMENDMENT TO EXPENSE LIMITATION AGREEMENT BETWEEN OLD MUTUAL FUNDS I (THE “TRUST”) AND OLD MUTUAL CAPITAL, INC. DATED NOVEMBER 29, 2007, AS AMENDED (THE “AGREEMENT”) AS AMENDED MARCH 31, 2008 On behalf of the following series funds of the Trust:
AMENDMENT TO EXPENSE LIMITATION AGREEMENT
BETWEEN OLD MUTUAL FUNDS I (THE “TRUST”)
AND OLD MUTUAL CAPITAL, INC.
DATED NOVEMBER 29, 2007, AS AMENDED
(THE “AGREEMENT”)
AS AMENDED MARCH 31, 2008
On behalf of the following series funds of the Trust:
Old Mutual VA Asset Allocation Conservative Portfolio
Old Mutual VA Asset Allocation Balanced Portfolio
Old Mutual VA Asset Allocation Moderate Growth Portfolio
Old Mutual VA Asset Allocation Growth Portfolio
Old Mutual Analytic VA Defensive Equity Portfolio
Old Mutual Analytic VA Global Defensive Equity Portfolio
Paragraph I.A. of the Agreement is hereby amended and restated as follows:
The Investment Advisor hereby agrees, subject to the terms of this Agreement, to reduce the fees payable to it under the Advisory Agreement and to make any additional payments to the extent necessary to limit total annual fund operating expenses (inclusive of management fees and other expenses; exclusive of underlying fund fees and expenses, interest, taxes, brokerage costs and commissions, dividend and interest expense on short sales, litigation, indemnification, and extraordinary expenses as determined under generally accepted accounting principles) (the “Deferred Expenses”) to an annual rate (as a percentage of the VA Portfolios’ average daily net assets) as set forth on Schedule A (“Expense Limit”) for the period beginning May 1, 2009 through December 31, 2017.
All other provisions of the Agreement not otherwise amended or restated hereby shall remain in full force and effect.
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Old Mutual Capital, Inc. |
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By: /s/ Xxxxxx X. Sluyters |
By: /s/ Xxxx X. Xxxxx |
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Name: Xxxxxx X. Sluyters |
Name: Xxxx X. Xxxxx |
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Title: President |
Title: Chief Financial Officer |
