CONTRACTUAL FEE/EXPENSE WAIVER AGREEMENT
Agreement effective as of the 14th day of July 2009 by and between the
▇▇▇▇▇▇ Funds, a Massachusetts business trust (the "Trust") and ▇▇▇▇▇▇ Investment
Partners, Inc., a Pennsylvania corporation ("TIP").
TIP hereby agrees to limit the net total operating expenses at the
levels indicated through July 14, 2010 for the ▇▇▇▇▇▇ Spectrum Fund:
▇▇▇▇▇▇ Spectrum Fund: Net Total Operating Expenses
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Class C 2.95%
This Agreement shall be renewable at the end of each one year term for
an additional one year term upon the written agreement of the parties hereto.
IN WITNESS WHEREOF, intending to be legally bound hereby, the parties
hereto have caused this Agreement to be executed by their officers designated
below effective as of the day and year first above written.
▇▇▇▇▇▇ FUNDS ▇▇▇▇▇▇ INVESTMENT PARTNERS, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Signature Signature
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Printed Printed
Title: President and Chief Executive Officer Title: General Counsel and Chief
-------------------------------------- Compliance Officer - Principal
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