LETTER AGREEMENT
Xxxxxxx Investment Management, LLC
0000 Xxxxxx Xxxxxx, 00xx Floor
Seattle, WA 98101
Re: Advisory Agreement
This Letter Agreement relates to the Advisory Agreement between Xxxxxxx Investment Company (“RIC”) and Xxxxxxx Investment Management, LLC (“RIM”) dated June 1, 2016, as amended (the “Agreement”). XXX advises you that it is creating two new funds to be named the Real Assets Fund and the Tax-Managed Real Assets Fund (the “New Funds”). RIC desires RIM to provide advisory services to the New Funds pursuant to the terms and conditions of the Agreement. Exhibit A of the Agreement is hereby amended to include the New Funds, with an annual advisory fee rate equal to the amount of average daily net assets as set forth below and payable as set forth in Section 4 of the Agreement.
| Fund |
Asset Level |
Fee | ||
| Real Assets Fund | First $1 billion | 0.75% | ||
| Next $2 billion | 0.71% | |||
| Next $3 billion | 0.68% | |||
| In excess of $6 billion |
0.66% | |||
| Tax-Managed Real Assets Fund | First $1 billion | 0.85% | ||
| Next $2 billion | 0.81% | |||
| Next $3 billion | 0.78% | |||
| In excess of $6 billion | 0.76% |
Please indicate your acceptance of the amendment to the Agreement by executing this Letter Agreement and returning it to the undersigned.
| Sincerely, | ||
| XXXXXXX INVESTMENT COMPANY | ||
| By: |
| |
| Xxxx X. Xxxxxxx | ||
| Treasurer, Chief Accounting Officer and Chief Financial Officer | ||
| Accepted this day of , 20 . | ||
| XXXXXXX INVESTMENT MANAGEMENT, LLC | ||
| By: |
| |
