LETTER AGREEMENT AMG Managers Emerging Opportunities Fund Fund Management Agreement
LETTER AGREEMENT
AMG Managers Emerging Opportunities Fund
March 1, 2019
AMG Funds LLC
000 Xxxxxxxxx Xxxx, Xxxxx 000
Xxxxxxxxx, XX 00000
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 | % | ||
