INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • September 8th, 2015 • Bridge Builder Trust • Delaware
This AGREEMENT is made as of the 14th day of August, 2015, by and among Wells Capital Management Incorporated, a California corporation located at 525 Market Street, San Francisco, CA 94105 (the “Sub-Adviser”), and Olive Street Investment Advisers, LLC, a Missouri limited liability corporation located at 12555 Manchester Road, St. Louis, MO 63131(the “Adviser”).
September 1, 2015 Mr. William H. Broderick, III Chairman of the Board Bridge Builder Trust 12555 Manchester Road St. Louis, MO 63131Bridge Builder Trust • September 8th, 2015
This letter is to confirm the agreement of Olive Street Investment Advisers, LLC ("Olive Street") with Bridge Builder Trust (the "Trust") to waive its management fees it is entitled to receive as the investment adviser of each series of the Trust listed on Schedule A (each a "Fund" and collectively, the "Funds") to the extent management fees to be paid to Olive Street exceed the management fees that Olive Street is required to pay each of Sub-Advisers. This waiver became effective as of the launch date of each Fund and shall continue until at least October 28, 2016 and will continue thereafter for subsequent one year periods unless terminated in accordance with the terms herein. For the avoidance of doubt, management fees waived pursuant to this agreement are not subject to reimbursement by the Funds. Our agreement to waive management fees may not be terminated by us without the consent of the Board of Trustees of the Trust, which consent will not be unreasonably withheld, except that
BRIDGE BUILDER TRUST AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENTOperating Expenses Limitation Agreement • September 8th, 2015 • Bridge Builder Trust • Delaware
THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is amended and restated effective August 18, 2015, by and between Bridge Builder Trust, a Delaware statutory trust (the “Trust”), with respect to each of the funds listed on Schedule A (each a “Fund” and collectively the “Funds”), and the investment adviser of the Funds, Olive Street Investment Advisers, LLC (the “Adviser”).
