0001056288-03-000554 Sample Contracts

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Investment Advisory Agreement • September 4th, 2003 • BBH Trust • New York
BBH Tax-Exempt Money Fund 0.65% BBH Broad Market Fixed Income Fund Class N Shares 0.55% Class I Shares 0.40% BBH Tax-Efficient Equity Fund Class N Shares 1.20% Class I Shares 0.95% BBH International Equity Fund Class I Shares 1.10% Class N Shares...
Expense Limitation Agreement • September 4th, 2003 • BBH Trust

Brown Brothers Harriman Trust Company, LLC, on behalf of itself and its affiliates ("BBH"), hereby agrees to waive its fees, and/or make reimbursements to certain portfolios of the Funds, so that each portfolio's operating expenses (excluding interest, taxes, brokerage commissions, and extraordinary expenses of the portfolio) do not exceed, in the aggregate, the rate per annum of the portfolio's average daily net assets specified with respect to that portfolio as set forth below ("Expense Limitation"):

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