Amendment to Management Agreement
| Amendment to Management Agreement |
| TO: Paradigm Funds Nine Xxx Xxxxxx Xxxxxx, XX 00000 |
Dear Ladies and Gentlemen:
You have engaged us to act as the sole investment advisor to the Paradigm Value Fund (the “Fund”), pursuant to a Management Agreement dated December 11, 2002 and amended December 16, 2005. Effective May 1, 2017, the advisor hereby contractually agrees that the first paragraph of Section 3 of the Agreement is revised to read as follows:
For all of the services to be rendered and payments to be made as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee at the annual rate of 1.50% of the average value of its daily net assets.
| Very truly yours, Paradigm Funds Advisor LLC By: /s/ Xxxxxx X. Xxxxxx Print Name: Xxxxxx X. Xxxxxx Title: Chief Financial Officer |
ACCEPTANCE: THE FOREGOING AGREEMENT IS HEREBY ACCEPTED.
| Paradigm Funds By: /s/ Xxxxxxx Xxxx Xxxx Print Name: Xxxxxxx Xxxx Xxxx Title: President |
| Amendment to Management Agreement |
TO: Paradigm Funds
Nine Xxx Xxxxxx
Xxxxxx, XX 00000
Dear Ladies and Gentlemen:
You have engaged us to act as the sole investment advisor to the Paradigm Opportunity Fund (the “Fund”), pursuant to a Management Agreement dated December 29, 2004 and amended December 16, 2005. Effective May 1, 2017, the advisor hereby contractually agrees that the first paragraph of Section 3 of the Agreement is revised to read as follows:
For all of the services to be rendered and payments to be made as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee at the annual rate of 1.50% of the average value of its daily net assets.
| Very truly yours, Paradigm Funds Advisor LLC By: /s/ Xxxxxx X. Xxxxxx Print Name: Xxxxxx X. Xxxxxx Title: Chief Financial Officer |
ACCEPTANCE: THE FOREGOING AGREEMENT IS HEREBY ACCEPTED.
| Paradigm Funds By: /s/ Xxxxxxx Xxxx Xxxx Print Name: Xxxxxxx Xxxx Xxxx Title: President |
