MARKETING AND DISTRIBUTION SUPPORT AGREEMENT BETWEEN JAMES ALPHA ADVISORS, LLC AND NWM FUND GROUP, LLC REGARDING THE
MARKETING AND DISTRIBUTION SUPPORT AGREEMENT
BETWEEN
XXXXX ALPHA ADVISORS, LLC
AND
NWM FUND GROUP, LLC
REGARDING THE
Xxxxx Alpha MOMENTUM Portfolio
THIS MARKETING SUPPORT AGREEMENT (the “Agreement”) is effective as of the [ ] day of [ ], between Xxxxx Alpha Advisors, LLC, a New York limited liability company (the “Manager”), and NWM Fund Group, LLC, a California limited liability company (the “Sub-Advisor”).
WITNESSETH:
WHEREAS, the Sub-Advisor renders advice and services to the Xxxxx Alpha Momentum Portfolio (the “Fund”) pursuant to the terms and provisions of Sub-Advisory Agreement between the Manager and Sub-Advisory Agreement dated as of the [ ] day of [ ] (the “Sub-Advisory Agreement”);
WHEREAS, from time to time, the Manager may enter into agreements to support marketing and distribution activities to support the sale of shares of the Fund; and
WHEREAS, the Sub-Advisor has agreed to support the Manager’s efforts to support marketing and distribution activities for the Fund on the terms set forth in this Agreement.
NOW THEREFORE, in consideration of the covenants and the mutual promises hereinafter set forth, the parties, intending to be legally bound hereby, mutually agree as follows:
1. MARKETING SUPPORT AGREEMENTS. The Sub-Advisor hereby agrees to pay to the Manager, on a monthly basis, an amount equal to 50% of (1) revenue sharing payments made by the Manager to third party platforms in connection with offering shares of the Fund, (2) costs borne by the Manager to prepare marketing and other distribution-related materials related to the Fund, and (3) sales commissions paid by the broker-dealer affiliate of the Manager related to sales of shares of the Fund (collectively, “Marketing Support Payments”). Such Marketing Support Payments shall be deducted from amounts owed to the Manager under the Sub-Advisory Agreement for the respective month, or shall be paid directly by the Sub-Advisor.
2. RECORDKEEPING. In accordance with its obligations under this Agreement, the Manager shall maintain records of all agreements that require Marketing Support Payments, in accordance with this Agreement. Upon written request by the Sub-Advisor, the Manager shall
make available to the Sub-Advisor copies of all agreements requiring Marketing Support Payments and records reflecting the amount of such payments payable under this agreement by the Sub-Advisor. The Manager agrees to supply the Sub-Advisor with accounting reports acceptable to both parties, provided on a monthly basis, and such other information as is reasonably necessary to comply with applicable law.
3. TERM. This Agreement shall become effective with respect to the Fund as of the date first above written.
4. TERMINATION. This Agreement may be terminated at any time, and without payment of any penalty, by either party to this Agreement, with the consent of the other party. This Agreement will automatically terminate immediately upon the termination of the Sub-Advisory Agreement.
5. ASSIGNMENT. This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.
6. SEVERABILITY. If any provision of this Agreement shall be held or made invalid by a court decision, statute or rule, or shall be otherwise rendered invalid, the remainder of this Agreement shall not be affected thereby.
7. GOVERNING LAW. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware without giving effect to the conflict of laws principles thereof; provided that nothing herein shall be construed to preempt, or to be inconsistent with, any federal law, regulation or rule, including the Investment Company Act of 1940, as amended, and the Investment Advisers Act of 1940, as amended, and any rules and regulations promulgated thereunder.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and attested by their duly authorized officers, all on the day and year first above written.
XXXXX ALPHA ADVISORS, LLC
By:
Name: Xxxxx X. Xxxxxxx
Title: Chief Executive Officer
NWM Fund Group, LLC
By:
Name: [ ]
Title: [ ]
