Management Fee/Sub-Advisory Fee Waiver Agreement Sample Contracts

PEAR TREE POLARIS FOREIGN VALUE FUND PEAR TREE POLARIS FOREIGN VALUE SMALL CAP FUND pear tree polaris international opportunities fund MANAGEMENT FEE/Sub- Advisory Fee WAIVER Agreement
Management Fee/Sub-Advisory Fee Waiver Agreement • November 7th, 2023 • Pear Tree Funds

Pear Tree Advisors, Inc. (the “Manager”) serves as the investment manager to each of Pear Tree Polaris Foreign Value Fund (“Foreign Value Fund”), Pear Tree Polaris Foreign Value Small Cap Fund (“Foreign Value Small Cap Fund,” and Pear Tree Polaris International Opportunities Fund (“International Opportunities Fund”, and together with Foreign Value Fund and Foreign Value Small Cap Fund, the “Funds”), series of Pear Tree Funds (the “Trust”), pursuant to the Amended and Restated Management Contract dated May 1, 2008, as amended (the “Management Contract”), between the Manager and the Trust. Polaris Capital Management, LLC (“Polaris”) serves as the investment sub-adviser to Foreign Value Fund pursuant to an Advisory Contract dated October 5, 1999 (the “FV Advisory Contract”), to Foreign Value Small Cap Fund pursuant to an Advisory Contract dated May 1, 2008 (the “FVSC Advisory Contract”), and to International Opportunities Fund pursuant to a Sub-Advisory Contract dated November 15, 2019 (t

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PEAR TREE POLARIS FOREIGN VALUE FUND PEAR TREE POLARIS FOREIGN VALUE SMALL CAP FUND pear tree polaris international opportunities fund MANAGEMENT FEE/Sub- Advisory Fee WAIVER Agreement
Management Fee/Sub-Advisory Fee Waiver Agreement • July 25th, 2024 • Pear Tree Funds

Pear Tree Advisors, Inc. (the “Manager”) serves as the investment manager to each of Pear Tree Polaris Foreign Value Fund (“Foreign Value Fund”), Pear Tree Polaris Foreign Value Small Cap Fund (“Foreign Value Small Cap Fund,” and Pear Tree Polaris International Opportunities Fund (“International Opportunities Fund”, and together with Foreign Value Fund and Foreign Value Small Cap Fund, the “Funds”), series of Pear Tree Funds (the “Trust”), pursuant to the Amended and Restated Management Contract dated May 1, 2008, as amended (the “Management Contract”), between the Manager and the Trust. Polaris Capital Management, LLC (“Polaris”) serves as the investment sub-adviser to Foreign Value Fund pursuant to an Advisory Contract dated October 5, 1999 (the “FV Advisory Contract”), to Foreign Value Small Cap Fund pursuant to an Advisory Contract dated May 1, 2008 (the “FVSC Advisory Contract”), and to International Opportunities Fund pursuant to a Sub-Advisory Contract dated November 15, 2019 (t

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