LETTER AGREEMENT AMG Managers Emerging Opportunities Fund Fund Management Agreement
AMG Managers Emerging Opportunities Fund
Fund Management Agreement
March 1, 2019
AMG Funds LLC
000 Xxxxxxxxx Xxxx, Xxxxx 000
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Attn: Xxxxxx X. Xxxxx, Chief Operating Officer
| Re: | Fund 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 August 1, 2000, and as amended from time to time (the “Fund Management Agreement”) |
Ladies and Gentlemen:
Pursuant to Section 11 of the Fund Management Agreement, the Trust hereby notifies you that Appendix B to the Fund 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 Managers Emerging Opportunities Fund, a series of the Trust. Attached as Appendix A is an amendment to Appendix B to the Fund Management Agreement setting forth the annual fee the Trust will pay the Adviser on behalf of AMG Managers Emerging Opportunities Fund pursuant to Section 6 of the Fund Management Agreement. Appendix A supplements and supersedes any information to the contrary relating to AMG Managers Emerging Opportunities Fund contained in Schedule A to the Fund 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 I | ||
| By: |
| |
| Name: Xxxxxx Xxxxxxx | ||
| Title: Treasurer, Chief Financial Officer and Principal Financial Officer | ||
| ACKNOWLEDGED AND ACCEPTED | ||
| AMG Funds LLC | ||
| By: |
| |
| Name: Xxxxxx X. Xxxxx | ||
| Title: Chief Operating Officer | ||
| Date: March 1, 2019 | ||
Appendix A
AMENDMENT TO
APPENDIX B
Annual rate of management fees, expressed as a percentage of the average net asset value of the series:
| Name of Series |
Annual Percentage Rate of Management Fee |
|||
| AMG Managers Emerging Opportunities Fund |
0.74 | % | ||
