Exhibit (m)(7)
December 1, 1999
Xxxxx Xxxxxxxxx
Haven Capital Management Trust
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Dear Xxxxx:
This letter constitutes an agreement between The Haven Capital Management Trust
and Mount&Nadler Inc., to cover the media relations program that Mount&Nadler
will conduct on behalf of The Haven Fund.
Beginning December 1, 1999, Mount&Nadler will conduct an ongoing media relations
program and serve as public relations counsel for The Haven Fund. The Haven
Fund will pay a monthly retainer fee of $4,000 to Mount&Nadler and reimburse
expenses (including messenger and overnight delivery, phone, fax, publications,
photocopying, postage, travel and entertainment, and subcontracted services)
incurred by Mount&Nadler in the course of conducting the program.
This agreement may be canceled by either party at any time. This agreement may
also be terminated at any time, without the payment of any penalty, by vote of a
majority of the members of the trustees of The Haven Capital Management Trust
who are not interested persons of the Trust and have no direct or indirect
financial interest in the operation of the Trust's distribution plan or in any
agreements related to the plan or by vote of a majority of the outstanding
voting securities of The Haven Fund on not more than sixty days' written notice
to any other party to the agreement. This agreement will automatically and
immediately terminate in the event of its "assignment." (As used in this
agreement, the terms "majority of the outstanding voting securities,"
"interested persons" and "assignment" shall have the same meanings as such terms
have in the Investment Advisers Act of 1940.)
If these terms are acceptable to Haven Capital Management Trust, please indicate
your consent to this agreement by signing below and returning an executed copy
of this letter to Mount&Nadler.
Sincerely,
/s/ Xxxxx Xxxxxx-Xxxxxxx /s/ Xxxxx Xxxxxxxxx
Xxxxx Xxxxxx-Xxxxxxx Xxxxx Xxxxxxxxx
Executive Vice President President
Mount & Xxxxxx Inc. The Haven Capital Management Trust
