AMENDMENT TO SUB-ADVISORY AGREEMENT

AMENDMENT TO SUB-ADVISORY AGREEMENT

THIS AMENDMENT is entered into as of December 1, 2018 to amend the SUB-ADVISORY AGREEMENT (the “Agreement”) dated January 2, 2014 by and between Xxxxxx LLC, a California limited liability corporation (formerly Xxxxxx Associates Inc., a California corporation, until September 1, 2017) with its principal place of business at 000 Xxxxxxxxxx Xxxxxx, Xxxxx 000, Xxx Xxxxxxxxx, XX 00000-0000 (the “Adviser”), and Columbus Circle Investors a Delaware General Partnership with its principal place of business at Xxx Xxxxxxx Xxxxx, 0xx Xxxxx Xxxxx, Xxxxxxxx, XX 00000 (the “Sub-Adviser”).

WHEREAS, pursuant to authority granted to the Adviser by the Board of Trustees (the “Board”) of THE KP FUNDS (the “Trust”) on behalf of the series set forth on Schedule A to the Agreement (the “Fund”) and pursuant to the provisions of the Investment Advisory Agreement dated as of December 18th, 2013 between the Adviser and the Fund (the “Management Agreement”), the Adviser has selected the Sub-Adviser to act as sub-investment adviser of the Fund and to provide certain related services, as more fully set forth in the Agreement;

WHEREAS, Xxxxxx Associates Inc., a California corporation, underwent a corporate reorganization whereby it converted its legal structure into a California limited liability corporation, changed its name to Xxxxxx LLC and assumed all rights and responsibilities under the Agreement; and

WHEREAS, the Adviser and the Sub-Adviser desire to amend the Fee Schedule set forth in Schedule A of the Agreement;

NOW, THEREFORE, in consideration of the renewal of the premises, promises and mutual covenants contained herein and in the Agreement, the parties agree that the Agreement is hereby amended as follows:

1. The Schedule A attached to this Amendment hereby replaces the current Schedule A to the Agreement.

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IN WITNESS WHEREOF, the parties hereto have caused this instrument to be signed on their behalf by their duly authorized officers as of the date first above written.

XXXXXX LLC
By:	/s/ Xxxxxxx X. Xxxxx
Name:	Xxxxxxx X. Xxxxx
Title:	CEO and Director of Research
COLUMBUS CIRCLE INVESTORS
By:	/s/ Xxxxxxx Xxxx
Name:	Xxxxxxx Xxxx
Title:	Managing Director

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SCHEDULE A
to the
SUB-ADVISORY AGREEMENT
as amended effective December 1, 2018 between
XXXXXX LLC
and
COLUMBUS CIRCLE INVESTORS

Each Fund will pay to the Sub-Adviser as compensation for the Sub-Adviser’s services rendered, a fee, computed daily at an annual rate based on the average daily net assets of the portion of the Fund (or “Assets” as defined in this Agreement) as may be allocated by the Adviser to the Sub-Adviser from time to time under the following fee schedule:

Fund	Rate
KP Small Cap Equity Fund – Active Small/XXXX Cap Growth Sub-Strategy	[Redacted]

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