LETTER AGREEMENT AMG Boston Common Global Impact Fund Investment Management Agreement
LETTER AGREEMENT
AMG Boston Common Global Impact Fund
Investment Management Agreement
May 18, 2021
AMG Funds LLC
One Stamford Plaza
000 Xxxxxxx Xxxxxxxxx, Xxxxx 000
Xxxxxxxx, Xxxxxxxxxxx 00000
Attn: Xxxxxx X. Xxxxx, Chief Operating Officer
Re: | Investment Management Agreement between AMG Funds LLC (formerly The Managers Funds LLC) (the “Adviser”) and AMG Funds I (formerly Managers Trust I) (the “Trust”), dated as of July 31, 2003, and as amended from time to time (the “Investment Management Agreement”) |
Ladies and Gentlemen:
Pursuant to Section 9 of the Investment Management Agreement, the Trust hereby notifies you that Schedule A to the Investment Management Agreement is amended, effective as of the date hereof, to reflect a revised advisory fee (the “New Advisory Fee”) that has been agreed to by the Trust and the Adviser with respect to AMG Boston Common Global Impact Fund (formerly AMG Managers Brandywine Fund), a series of the Trust. Attached as Appendix A is an amendment to Schedule A to the Investment Management Agreement setting forth the annual fee the Trust will pay the Adviser on behalf of AMG Boston Common Global Impact Fund pursuant to Section 2(a) of the Investment Management Agreement. Appendix A supplements and supersedes any information to the contrary relating to AMG Boston Common Global Impact Fund contained in Schedule A to the Investment Management Agreement.
Please acknowledge your agreement to the New Advisory Fee as set forth on Appendix A by executing this letter agreement in the space provided below and then returning it to the undersigned.
Sincerely,
AMG Funds | ||
By: | /s/ Xxxxxx Xxxxxxx | |
Name: Xxxxxx Xxxxxxx | ||
Title: Treasurer and Chief Financial Officer |
ACKNOWLEDGED AND ACCEPTED | ||
AMG Funds LLC | ||
By: | /s/ Xxxxxx X. Xxxxx | |
Name: Xxxxxx X. Xxxxx | ||
Title: Chief Operating Officer | ||
Date: May 18, 2021 |
Appendix A
AMENDMENT TO
SCHEDULE A
Advisory Fees pursuant to Section 2(a)
The Trust shall pay to the Adviser an annual gross investment advisory fee equal to the rates included in the table below of the average daily net assets of the applicable Fund. Such fee shall be accrued daily and paid as soon as practical after the last day of each calendar month.
Fund |
Advisory Fee | |||
AMG Boston Common Global Impact Fund (formerly AMG Managers Brandywine Fund) |
0.73 | % |