DREMAN VALUE MANAGEMENT, LLC
Exhibit 23 (h)(2)(i)
DREMAN VALUE MANAGEMENT, LLC
000 Xxxx Xxxxxx Xxxxxx, Xxxxx 000-0
Xxxxx, Xxxxxxxx 00000
January ___, 2008
Letter Agreement
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To: |
c/o Unified Fund Services, Inc.
0000 Xxxxx Xxxxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxxxx, Xxxxxxx 00000
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Re: |
Dreman Contrarian International Value Fund |
Dear Ladies and Gentlemen:
Dreman Contrarian Funds, a Delaware statutory trust (the “Trust”), has appointed Dreman Value Management, LLC, a Delaware limited liability company (the “Advisor”), to serve as the investment adviser to the Trust’s Dreman Contrarian International Value Fund (the “Fund”) pursuant to the Investment Advisory Agreement initially approved by the Board of Trustees on January ___, 2008.
From the date of this Letter Agreement through October 31, 2009, the Advisor hereby agrees to waive its management fee and/or reimburse certain Fund operating expenses, but only to the extent necessary to maintain the Fund’s net annual operating expenses, excluding brokerage fees and commissions, any 12b-1 fees, borrowing costs (such as (a) interest and (b) dividend expenses on securities sold short), taxes, extraordinary expenses and any indirect expenses (such as expenses incurred by other investment companies in which the Fund may invest), at ______% of the average daily net assets of the Fund’s Retail Class Shares. Any waiver or reimbursement by the Advisor is subject to repayment by the Fund in the three fiscal years following the fiscal year in which the expense was incurred; provided that the Fund is able to make the repayment without exceeding the ______% expense limitation.
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Very truly yours, |
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DREMAN VALUE MANAGEMENT, LLC |
By:______________________________________________
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Xxxxx Xxxxxxxx, Chief Financial Officer and | |
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Chief Operating Officer | |
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By:_____________________________________________
Xxxxx Xxxxxxxx, President
