AMENDMENT NUMBER ONE TO INVESTMENT ADVISORY AGREEMENT
AMENDMENT NUMBER ONE TO INVESTMENT ADVISORY AGREEMENT
This AMENDMENT NUMBER ONE dated as of September 19, 2019 to the Investment Advisory Agreement (“Agreement”) dated as of September 19, 2007, originally made by and between PROSPECTOR FUNDS, INC., a Maryland corporation, with its principal offices and place of business at 000 Xxxxxx Xxxxxx, Xxxxxxxx, XX 00000 (the “Fund”), including any series thereof as set forth on Schedule A of the Agreement (each a “Series” and collectively, the “Series”) and PROSPECTOR PARTNERS ASSET MANAGEMENT, LLC, a Delaware limited liability company, with its principal office and place of business at 000 Xxxxxx Xxxxxx, Xxxxxxxx, XX 00000 (the “Adviser”). Per the terms of the Agreement, the Adviser has agreed to perform investment advisory services for such Series. Capitalized terms used but not defined herein have the meaning set forth in the Agreement.
WITNESSETH
WHEREAS, the Adviser and the Fund are parties (“Parties”) to the Agreement; and
WHEREAS, pursuant to the terms of Section 12(a) of the Agreement, the Parties may amend the Agreement in writing; and
WHEREAS, the Adviser and the Fund desire to amend the Agreement to modify certain terms to the Agreement, including the Compensation to the Adviser as set forth in Schedule B to the Agreement.
NOW, THEREFORE, the Parties agree as follows: Schedule B of the Agreement shall be deleted in its entirety and replaced with Schedule B attached to this amendment.
The Agreement shall otherwise be unaffected by this Amendment and its terms shall continue as set forth therein.
IN WITNESS WHEREOF, the Parties hereto have executed this Amendment Number One to the Agreement.
PROSPECTOR PARTNERS ASSET MANAGEMENT, LLC | ||
By: /s/Xxxxx X. Xxxxxxxx, Xx. | By: /s/Xxxx X. Xxxxxxxxx | |
Name: Xxxxx X. Xxxxxxxx, Xx. | Name: Xxxx X. Xxxxxxxxx | |
Title: Treasurer | Title: Managing Member | |
AMENDED SCHEDULE B
dated September 5, 2019
to the
and
Prospector Partners Asset Management, LLC
Appendix 1
Compensation:
The Prospector Capital Appreciation Fund will pay the Adviser a fee at an annualized rate equal to 1.00% of the aggregate average daily net assets of the Series.
Effective Date: September 19, 2019
Acknowledged and Accepted By:
PROSPECTOR PARTNERS ASSET MANAGEMENT, LLC | ||
By: /s/Xxxxx X. Xxxxxxxx, Xx. | By: /s/Xxxx X. Xxxxxxxxx | |
Name: Xxxxx X. Xxxxxxxx, Xx. | Name: Xxxx X. Xxxxxxxxx | |
Title: Treasurer | Title: Managing Member | |
AMENDED SCHEDULE B
dated September 5, 2019
to the
and
Prospector Partners Asset Management, LLC
Appendix 2
Compensation:
The Prospector Opportunity Fund will pay the Adviser a fee at an annualized rate equal to 1.00% of the aggregate average daily net assets of the Series.
Effective Date: September 19, 2019
Acknowledged and Accepted By:
PROSPECTOR PARTNERS ASSET MANAGEMENT, LLC | ||
By: /s/Xxxxx X. Xxxxxxxx, Xx. | By: /s/Xxxx X. Xxxxxxxxx | |
Name: Xxxxx X. Xxxxxxxx, Xx. | Name: Xxxx X. Xxxxxxxxx | |
Title: Treasurer | Title: Managing Member | |
