Addendum to Expense Limitation Agreement This Addendum supplements the Expense Limitation Agreement dated October 19, 2004, by and between PBHG Funds (the "Trust") and Liberty Ridge Capital, Inc. (the "Agreement"). WHEREAS, the Trust's Board of...Expense Limitation Agreement • January 14th, 2005 • PBHG Funds
AMENDMENT TO SCHEDULE A OF THE INVESTMENT ADVISORY AGREEMENT This Schedule A to the Investment Advisory Agreement dated July 11, 2001 (the "Agreement") between PBHG Funds and Liberty Ridge Capital, Inc. (formerly known as Pilgrim Baxter & Associates,...Investment Advisory Agreement • January 14th, 2005 • PBHG Funds
This Schedule A to the Investment Advisory Agreement dated July 11, 2001 (the "Agreement") between PBHG Funds and Liberty Ridge Capital, Inc. (formerly known as Pilgrim Baxter & Associates, Ltd.), is hereby amended as of the 9th day of December, 2004: (i) changes the name of the PBHG Large Cap 20 Fund to the PBHG Large Cap Growth Concentrated Fund; (ii) reduces the compensation paid on the PBHG Strategic Small Company Growth Fund from 1.00% to 0.85% and the PBHG Focused Fund from 0.85% to 0.65%; (iii) implements investment advisory fee breakpoints for all Portfolios except the Clipper Focus Fund; and (iv) sets forth pursuant to Section 5 of this Agreement, the compensation each Portfolio shall pay the Adviser. Such compensation shall be computed daily at the annual rate of the Portfolio's average daily net assets as follows and shall be paid monthly at the end of each month.
