EX-99.(D)(20) 3 d170503dex99d20.htm FORM OF LETTER AGREEMENT TO THE INVESTMENT MANAGEMENT AGREEMENT Form of Letter Agreement to the Investment Management Agreement

LETTER AGREEMENT

AMG Boston Common Global Impact Fund

Investment Management Agreement

May 18, 2021

AMG Funds LLC

One Stamford Plaza

263 Tresser Boulevard, Suite 949

Stamford, Connecticut 06901

Attn: Keitha L. Kinne, Chief Operating Officer

 

Re:

Investment Management Agreement between AMG Funds LLC (formerly The Managers Funds LLC) (the “Adviser”) and AMG Funds I (formerly Managers Trust I) (the “Trust”), dated as of July 31, 2003, and as amended from time to time (the “Investment Management Agreement”)

Ladies and Gentlemen:

Pursuant to Section 9 of the Investment Management Agreement, the Trust hereby notifies you that Schedule A to the Investment Management Agreement is amended, effective as of the date hereof, to reflect a revised advisory fee (the “New Advisory Fee”) that has been agreed to by the Trust and the Adviser with respect to AMG Boston Common Global Impact Fund (formerly AMG Managers Brandywine Fund), a series of the Trust. Attached as Appendix A is an amendment to Schedule A to the Investment Management Agreement setting forth the annual fee the Trust will pay the Adviser on behalf of AMG Boston Common Global Impact Fund pursuant to Section 2(a) of the Investment Management Agreement. Appendix A supplements and supersedes any information to the contrary relating to AMG Boston Common Global Impact Fund contained in Schedule A to the Investment Management Agreement.

Please acknowledge your agreement to the New Advisory Fee as set forth on Appendix A by executing this letter agreement in the space provided below and then returning it to the undersigned.

Sincerely,

 

AMG Funds
By:   /s/ Thomas Disbrow
  Name: Thomas Disbrow
  Title: Treasurer and Chief Financial Officer


ACKNOWLEDGED AND ACCEPTED
AMG Funds LLC
By:   /s/ Keitha L. Kinne
  Name: Keitha L. Kinne
  Title: Chief Operating Officer
  Date: May 18, 2021


Appendix A

AMENDMENT TO

SCHEDULE A

Advisory Fees pursuant to Section 2(a)

The Trust shall pay to the Adviser an annual gross investment advisory fee equal to the rates included in the table below of the average daily net assets of the applicable Fund. Such fee shall be accrued daily and paid as soon as practical after the last day of each calendar month.

 

Fund

   Advisory Fee  

AMG Boston Common Global Impact Fund (formerly AMG Managers Brandywine Fund)

     0.73