EX-99.(D)(2)(B) 3 aiaab.htm aiaab.htm
EX-99.28.(d)(2)(b)
 
 
AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT

THIS AMENDMENT dated as of the 12th day of November, 2012, to the Investment Advisory Agreement dated as of February 1, 2010 (the “Agreement”), is entered into by and among Jacob Funds Inc., a Maryland corporation (the “Corporation”), and Jacob Asset Management of New York LLC, a New York limited liability company (the “Adviser”).
 
 
RECITALS

WHEREAS, the parties have entered into the Agreement; and

WHEREAS, the parties desire to amend said Agreement by changing Exhibit A and Exhibit B thereof;

NOW, THEREFORE, the parties agree as follows:

Exhibit A and Exhibit B of the Agreement are hereby superseded and replaced with Amended Exhibit A and Exhibit B attached hereto to reflect the addition of the Jacob Micro Cap Growth Fund series of the Corporation.

Except to the extent amended hereby, the Agreement shall remain in full force and effect.

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

JACOB FUNDS INC.


By: _/s/ Ryan I. Jacob________

Name: Ryan I. Jacob                                                                           

Title: President and CEO                                                                                     
 
 

JACOB ASSET MANAGEMENT OF NEW YORK LLC


By: _/s/ Ryan I. Jacob______

Name: Ryan I. Jacob

Title: Chairman and CEO

 
 
 



Exhibit A to Investment Advisory Agreement dated February 1, 2010,
between Jacob Asset Management of New York LLC and Jacob Funds Inc.


Series Name
Original Effective Date
Renewal Deadline
Jacob Small Cap Growth Fund
Jacob Wisdom Fund
Jacob Micro Cap Growth Fund
February 1, 2010
February 18, 2010
November 12, 2012
November 26*
November 26**
November 11, 2014


*  The advisory agreement for the Jacob Small Cap Growth Fund was originally effective for a two-year term ending on January 31, 2012.  At the October 14, 2011 quarterly board meeting, the board amended the term so that it was renewed for a period from November 27, 2011 through November 26, 2012. Thereafter, the annual renewal deadline will be November 26 each calendar year.

**  The advisory agreement for the Jacob Wisdom Fund was originally effective for a two-year term ending on February 17, 2012.  At the October 14, 2011 quarterly board meeting, the board amended the term so that it was renewed for a period from November 27, 2011 through November 26, 2012. Thereafter, the annual renewal deadline will be November 26 each calendar year.
















 
 
 

Exhibit B to Investment Advisory Agreement dated February 1, 2010,
between Jacob Asset Management of New York LLC and Jacob Funds Inc.


Fund
Advisory Fee
Jacob Small Cap Growth Fund
0.90% of annual average daily net assets
Jacob Wisdom Fund
0.50% of annual average daily net assets up to $500 Million
0.40% of annual average daily net assets over $500 Million
Jacob Micro Cap Growth Fund
1.20% of annual average daily net assets