July 1, 2016 JPMorgan Trust I New York, NY 10017 Dear Sirs:JPMorgan Trust I • June 29th, 2016
In addition, the Variable NAV Funds (as identified on Schedule A) may invest in one or more money market funds advised by the J.P. Morgan Investment Management Inc. or its affiliates (“affiliated money market funds”). The JPMorgan Service Providers as a Variable NAV Fund’s adviser, shareholder servicing agent and/or administrator hereby contractually agree to waive fees and/or reimburse expenses in an amount sufficient to offset the respective net fees each collects from the affiliated money market funds on such Variable NAV Fund’s investment in such money market funds.
July 1, 2016 JPMorgan Trust I New York, NY 10017 Dear Sirs:JPMorgan Trust I • June 29th, 2016
The JPMorgan Service Providers understand and intend that the Fund will rely on this agreement in preparing and filing its registration statements on Form N-1A and in accruing the Fund’s expenses for purposes of calculating net asset value and for other purposes, and expressly permit the Fund to do so.
