EX-99.(E)(2)(A) 4 d607294dex99e2a.htm EX-99.(E)(2)(A) EX-99.(e)(2)(A)

FIRST AMENDMENT TO THE

DISTRIBUTION AGREEMENT

THIS FIRST AMENDMENT, effective as of December 3, 2018, to the Distribution Agreement dated as of April 27, 2015 (the “Agreement”) is entered into by and among DOUBLELINE FUNDS TRUST, a Delaware statutory trust (the “Trust”), on behalf of its series, the DoubleLine Colony Real Estate and Income Fund (the “Fund”), QUASAR DISTRIBUTORS, LLC, a Delaware limited liability company (the “Distributor”), and DOUBLELINE ALTERNATIVES LP (f/k/a DoubleLine Commodity LP), a Delaware limited partnership and the investment adviser to the Trust on behalf of the Fund.

WHEREAS, the parties to the Agreement desire to amend the Agreement to have the Trust retain the Distributor as principal underwriter in connection with the offer and sale of shares of beneficial interest in the Fund as a separate series of the Trust.

NOW THEREFORE, pursuant to section 10 of the Agreement, the parties hereby amend the Agreement as follows:

Section 1 of the Agreement is hereby replaced in its entirety by the following:

The Trust hereby appoints the Distributor as its agent for the sale and distribution of Shares of the Funds listed on Exhibit A hereto in jurisdictions wherein the Shares may be legally offered for sale, on the terms and conditions set forth in this Agreement, and the Distributor hereby accepts such appointment and agrees to perform the services and duties set forth in this Agreement. The services and duties of the Distributor shall be confined to those matters expressly set forth herein, and no implied duties are assumed by or may be asserted against the Distributor hereunder.

Exhibit A of the Agreement is hereby replaced in its entirety by Exhibit A attached hereto.

The Regulatory Distribution Services Fee Schedule previously set forth at Exhibit A of the Agreement is hereby restated as Exhibit B of the Agreement, and the reference to Exhibit A in Section 5 of the Agreement is hereby deleted and replaced with “Exhibit B”.

The Agreement, as amended, shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed by a duly authorized officer on one or more counterparts as of the date first above written.

 

    DOUBLELINE FUNDS TRUST       QUASAR DISTRIBUTORS, LLC
    By:  /s/ Ronald R. Redell                                                                     By:  /s/ Teresa Cowan                                                     
    Name: Ronald R. Redell       Name: Teresa Cowan
    Title: President       Title: President

    DOUBLELINE ALTERNATIVES LP,

    on behalf of the DoubleLine Colony Real Estate and Income Fund and solely with respect to

    Section 3. F. and Section 5. of the Agreement

 

    By: RHE Group LLC, its general partner
    By:  /s/ Henry V. Chase                                                                     
    Name: Henry V. Chase
    Title: Authorized Signer


Exhibit A

to the Distribution Agreement

Fund Names

Separate Series of DoubleLine Funds Trust

Name of Series

DoubleLine Strategic Commodity Fund

DoubleLine Colony Real Estate and Income Fund


Exhibit B

to the

Distribution Agreement

 

QUASAR DISTRIBUTORS, LLC

REGULATORY DISTRIBUTION SERVICES

FEE SCHEDULE AT MARCH, 2010

Regulatory Distribution Annual Services for the Fund Complex

Minimum annual fee:

 

$50,000 for the Fund Complex (up to 5 funds)

 

$3,000 each additional fund (over 5 funds)

 

    

Advertising Compliance Review

 

FINRA Filings

 

$175 /job for the first 10 pages (minutes if tape or video); $20 /page (minute if tape or video) thereafter (includes FINRA filing fee).

 

Non-FINRA filed materials, e.g. Institutional Use Only, Quasar Review Only, Correspondence, etc.

 

$75 /job for the first 10 pages (minutes if tape or video); $10 /page (minute if tape or video) thereafter.

 

FINRA Expedited Filing Service for 3 Day Turnaround

 

$1,000 for the first 10 pages (minutes if audio or video); $25 /page (minute if audio or video) thereafter. (Comments are faxed. FINRA may not accept expedited request.)

 

Quasar Expedited Review Service for 24 Hour Turnaround – Does not include FINRA filing fee, if applicable

   

$500 for the first 10 pages (minutes if audio or video); $25 /page (minute if audio or video) thereafter.

Licensing of Investment Adviser’s Staff (if desired)

 

$2,500 /year per registered representative

 

Quasar is limited to these licenses for sponsorship: Series, 6, 7, 24, 26, 27, 63, 66

 

$3,000 /FINRA designated branch location

 

Plus all associated FINRA and State fees for Registered Representatives, including license and renewal fees

Fund Fact Sheets

 

Design - $1,000 /fact sheet, includes first production

 

Production - $500 /fact sheet per production period

 

Web sites, brochures, and other sales support materials – Project priced via Quasar proposal

Chief Compliance Officer Support Fee (included in Annual Base Fee) - $2,000 /year

Out-of-Pocket Expenses

Reasonable out-of-pocket expenses incurred by the Distributor in connection with activities primarily intended to result in the sale of Shares, including, without limitation:

 

Typesetting, printing and distribution of Prospectuses and shareholder reports

 

Production, printing, distribution, and placement of advertising, sales literature, and materials


Exhibit B (Continued)

to the

Distribution Agreement

DoubleLine Funds Trust

 

QUASAR DISTRIBUTORS, LLC

REGULATORY DISTRIBUTION SERVICES

FEE SCHEDULE AT MARCH, 2010

 

   

Engagement of designers, free-lance writers, and public relations firms

   

Long-distance telephone lines, services, and charges

   

Postage, overnight delivery charges

   

FINRA registration fees [To include late U5 charge (if applicable)]

   

(FINRA advertising filing fees are included in Advertising Compliance Review section above)

   

Record retention

   

Travel, lodging, and meals

  Fees are billed monthly