BROKERAGE AGREEMENT
Exhibit h.3
This Agreement is entered into as of the __ day of _______, 2004, between Trend Trader, LLC (“Trend Trader”) and Trend Trader Funds (the “Trust”) on behalf of each series of the Trust (each, a “Fund”).
WHEREAS, Trend Trader, the investment adviser to the Trust, is also a registered broker-dealer and member of the National Association of Securities Dealers, Inc.;
WHEREAS, pursuant to Rule 17e-1 of the Investment Company Act of 1940, as amended, the Trust has adopted procedures that permit it to execute transactions through Trend Trader, and Trend Trader is willing to execute such transactions; and
WHEREAS, Trend Trader agrees to execute all transactions on a Fund’s behalf at a flat brokerage commission.
NOW, THEREFORE, the parties agree as follows:
1.
Brokerage Commission. Trend Trader agrees that it will charge a flat $7.00 brokerage commission for each trade executed on a Fund’s behalf.
2.
Term. This Agreement shall continue from the date hereof until terminated by either party by notice in writing to the other party not less than 30 days prior to such termination.
3.
Other. Nothing in this Agreement shall require a Fund to direct the execution of any specific transaction through Trend Trader or for Trend Trader to accept any transaction for execution.
4.
Amendments. Except as set forth herein, this Agreement may not be altered, amended or modified except by written instrument signed by both parties.
Executed as of the date first set forth above.
TREND TRADER, LLC
By:
Xxxx X. Xxxxxxxx, President
on behalf of the Funds
By:
Xxxx X. Xxxxxxxx, Chief Executive Officer and
President
