0000898432-05-000268 Sample Contracts

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BRAZOS MUTUAL FUNDS
Investment Advisory Agreement • March 30th, 2005 • Brazos Mutual Funds

This agreement supplements the Investment Advisory Agreement (the "Agreement") between Brazos Mutual Funds (the "Funds") and John McStay Investment Counsel, L.P. ("JMIC"), the investment advisor to the Funds, dated October 14, 1999.

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