FIRST AMENDMENT TO FIRSTHAND FUNDS MASTER INVESTMENT ADVISORY AGREEMENT
Exhibit 99.(23)(d)(ii)
FIRST AMENDMENT TO
MASTER INVESTMENT ADVISORY AGREEMENT
WHEREAS, Firsthand Funds, a Delaware business trust (the “Trust”) and Firsthand Capital Management, Inc. (the “Adviser”), each having its principal place of business at 000 Xxxxx Xxxxxx, Xxxxx 0000, Xxx Xxxx, Xxxxxxxxxx 00000, have entered into a Master Investment Advisory Agreement as of August 10, 2002 (the “Agreement”);
WHEREAS, the parties agree to amend the Agreement;
NOW, THEREFORE, effective February 28, 2006, the Trust and the Adviser agree to amend the Agreement as follows:
1. Section 11 of the Agreement is hereby amended to read as follows:
“11. This Agreement shall terminate automatically in the event of its assignment by the Adviser and shall not be assignable by the Trust without the consent of the Adviser. This Agreement may also be terminated at any time with respect to a Fund, without the payment of penalty, by the Board of Trustees of the Trust or by a vote of a majority of the Fund’s outstanding voting securities on behalf of such Fund, or by the Adviser, on sixty (60) days’ written notice addressed to the other party at its principal place of business.”
2. Excepted as amended hereof, the Agreement shall remain in full force and effect.
Executed this 28th day of February, 2006
By: |
/s/ Xxxxx Xxxxxx |
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Xxxxx Xxxxxx, Trustee |
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FIRSTHAND CAPITAL MANAGEMENT, INC.
By: |
/s/ Xxxxx Xxxxxx |
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Xxxxx Xxxxxx, President |
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