INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • July 30th, 2012 • Brown Capital Management Mutual Funds • Delaware
INVESTMENT ADVISORY AGREEMENT (the “Agreement”) made as of this 14th day of July 2011 by and between Brown Capital Management Mutual Funds (the “Trust”), a Delaware statutory trust registered as an investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and Brown Capital Management, LLC (the “Advisor”), a Maryland limited liability company with its principal place of business in Baltimore, Maryland.
EXPENSE LIMITATION AGREEMENT BROWN CAPITAL MANAGEMENT MUTUAL FUNDSExpense Limitation Agreement • July 30th, 2012 • Brown Capital Management Mutual Funds
THIS EXPENSE LIMITATION AGREEMENT (“Expense Limitation Agreement”), is entered into effective as of July 14, 2011 by and between Brown Capital Management, LLC (the “Advisor”) and Brown Capital Management Mutual Funds (the “Trust”), on behalf of each series of the Trust set forth in Schedule A attached hereto (each a “Fund,” and collectively, the “Funds”).
