Robeco Letterhead] April 9, 2008Expense Management Agreement • December 29th, 2008 • RBB Fund Inc
Salvatore Faia President The RBB Fund, Inc. Bellevue Park Corporate Center Wilmington, DE 19809 Re: Scotia Dynamic U.S. Growth Fund Dear Mr. Faia:Expense Management Agreement • December 23rd, 2014 • RBB Fund Inc
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby and effective as of the date noted above, Scotia Institutional Asset Management US, Ltd. (“SIAM”) agrees that in order to maintain the established expense ratio of the Scotia Dynamic U.S. Growth Fund (the “Fund”) of The RBB Fund, Inc. (the “Company”), SIAM shall, until further notice, but in no event terminating before December 31, 2015, waive all or a portion of its investment advisory fees and/or reimburse expenses (other than taxes, extraordinary expenses, brokerage commissions, interest and any other items as agreed upon by both parties from time to time) in an aggregate amount equal to the amount by which the Fund’s total annual fund operating expenses for each of its Institutional Class, Class I and Class II shares (other than taxes, extraordinary expenses, brokerage commissions, interest and any other items as agreed upon by both parties from time to time) exceeds a total annual fun
