AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT for the BRANDES INTERNATIONAL EQUITY FUND
Exhibit
(d)(6)
AMENDMENT
TO INVESTMENT SUB-ADVISORY AGREEMENT
for
the
XXXXXXX
INTERNATIONAL EQUITY FUND
This
Amendment (the “Amendment”)
is made and entered into April 16, 2009 among M Financial Investment Advisers,
Inc., a Colorado corporation (the “Adviser”)
and Xxxxxxx Investment Partners, L.P. a California limited partnership (the
“Sub-Adviser;”
and with the Adviser, the “Parties”).
RECITALS
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A.
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The
parties entered into an Investment Sub-Advisory Agreement for the Xxxxxxx
International Equity Fund dated May 1, 2000 (the “Agreement”).
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B.
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It
has come to the attention of the parties that the Agreement contains an
error regarding the payment schedule from the Adviser to the
Sub-Adviser.
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C.
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The
parties desire to amend the Agreement to correct the
error.
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AGREEMENT
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1.
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Amendment. Section
4 of the Agreement is amended to read in its entirety as
follows:
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Compensation of the
Sub-Adviser. For
the services to be provided by the Sub-Adviser pursuant to this Agreement,
the Adviser shall pay to the Sub-Adviser, and the Sub-Adviser agrees to
accept as full compensation therefore, a sub-advisory fee at the rates
specified in Schedule A, which is attached hereto and made part of this
Agreement. The fee shall be calculated by applying a daily
rate, based on the annual percentage rates as specified in Schedule A, to
the average daily net assets of the Portfolio and shall be paid to the
Sub-Adviser quarterly. The Sub-Adviser may, in its discretion
and from time to time, waive all of a portion of its
fee.
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3.
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Other
Provisions. The provisions of the Agreement that are not
amended or deleted by this Amendment remain unchanged and in full force
and effect.
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4.
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Defined
Terms. All capitalized terms used, but not defined in
this Amendment, have the definitions given them in the
Agreement.
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5.
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Signatures. This
Amendment may be signed in counterparts. A fax of portable
document format (pdf) transmission of a signature page will be considered
an original signature page. At the request of a party, the
other party will confirm a fax- or pdf-transmitted signature page by
delivering an original signature page to the requesting
party.
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[This space is intentionally
blank.]
The
Parties have caused this AMENDMENT TO THE SUB-ADVISORY AGREEMENT for the XXXXXXX
INTERNATIONAL EQUITY FUND to be executed by their duly authorized officers as of
the day and year first written above.
M
FINANCIAL ADVISERS, INC.
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/s/ Xxxxxx Xxxxx
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By: Xxxxxx
Xxxxx, President
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Xxxxxxx
Investment Partners, L.P.
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/s/ Xxxxxxxx Xxxx
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By:
Xxxxxxxx Xxxx
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Its:
Head of Compliance
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