ADDENDUM TO UNDERWRITING AGREEMENT DATED MAY 16, 1995 BETWEEN ARIEL DISTRIBUTORS, LLC (f/k/a ARIEL DISTRIBUTORS, INC.) AND ARIEL INVESTMENT TRUST
DATED MAY 16, 1995 BETWEEN ARIEL DISTRIBUTORS, LLC
(f/k/a ARIEL DISTRIBUTORS, INC.) AND ARIEL INVESTMENT TRUST
For the services performed and the obligations assumed by Ariel Distributors, LLC (f/k/a Ariel Distributors, Inc.), in respect to Ariel Fund, Ariel Appreciation Fund, Ariel Focus Fund and Ariel Discovery Fund, Ariel Distributors LLC, shall be paid no more often than weekly a distribution service fee at the annual rate of 0.25% of the respective average daily net assets of such series.
Dated: November 16, 2010
ARIEL INVESTMENTS, LLC
By: /s/ Xxxxxxx Xxxxxx
Title: President
By: /s/ Xxxxx X. Zagronik
Title: Vice President, CFO
