Pershing LLC One Pershing Plaza Jersey City, NJ 07399 ADDENDUM TO OPERATING AGREEMENT dated as of May 18, 2009 FundVest Institutional No Transaction Fee SupplementAddendum to Operating Agreement • July 21st, 2017 • Tributary Funds, Inc.
This Addendum # 1 (this "Addendum") to the Operating Agreement ("Operating Agreement") dated as of May 18, 2009 by and among Pershing LLC ("Clearing Broker"), Northern Lights Distributors, LLC ("Distributor"), and the funds listed on Schedule A thereto is made as of this 15 day of February, 2017 by and among Clearing Broker, Distributor, the Fund(s) listed on Schedule I hereto (each a "Fund" and collectively, "Funds"), and Tributary Capital Management, LLC the investment adviser to each of the Funds (the "Adviser"). This Addendum supplements and is a part of the Operating Agreement with respect to the Funds. Capitalized terms set forth in this Addendum and not otherwise defined herein shall have the meanings set forth in the Operating Agreement.
