EX-99.(D)(XVI)(B) 12 sub-advsry_silvercrest.htm AMENDMENT NO. 1 TO THE INVESTMENT SUB-ADVISORY AGREEMENT (SILVERCREST ASSET MANAGEMENT GROUP LLC), DATED MAY 18, 2016.

 
AMENDMENT NO. 1
TO INVESTMENT SUB-ADVISORY AGREEMENT


Amendment No. 1 to the INVESTMENT SUB-ADVISORY AGREEMENT dated as of February 19, 2015, by and between the Sub-adviser and the Adviser (the "Agreement") hereby amends the Agreement as follows, effective May 18, 2016.

The following is added as the penultimate sentence in the last paragraph of Section 5 of the Agreement.

Additionally, the Sub-Adviser agrees that the Sub-Adviser shall be responsible for reasonable expenses incurred by the Fund or Adviser in responding to a legal, administrative, judicial or regulatory action, claim, or suit involving the Sub-adviser to which neither the Fund nor the Adviser is a party.

Except as modified herein, all terms and conditions of the Agreement remain in full force and effect.


IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to the Agreement to be duly executed by their duly authorized officers, all on the day and year first set forth above.


OLIVE STREET INVESTMENT ADVISERS, LLC
(the Adviser)

By: /s/ William Fiala
Name:          William Fiala
Title:            Vice President


SILVERCREST ASSET MANAGEMENT GROUP LLC
(the Sub-Adviser)

By: /s/ J. Allen Gray
Name:           J. Allen Gray
Title:             Managing Director