Exhibit 99.B(g)(2)

FIRST AMENDMENT TO THE

CUSTODY AGREEMENT

THIS FIRST AMENDMENT, effective as of June 30, 2016, to the Custody Agreement, dated as of June 30, 2016 (the “Agreement”), is entered into by and between THE RBB FUND, INC., a Maryland corporation, (the “Company”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America (the “Custodian”).

RECITALS

WHEREAS, the parties have entered into the Agreement; and

WHEREAS, the Company and the Custodian desire to amend the series of the Company to add Funds; and

WHEREAS, Article XV, Section 15.02 of the Agreement provides that the Agreement may be amended by written agreement executed by both parties, and authorized or approved by the Board of Directors of the Company.

NOW, THEREFORE, the parties agree to amend the Agreement by adding Exhibit M attached hereto for the purposes of adding the following series of The RBB Fund, Inc. to the Agreement:

Schneider Small Cap Value Fund

Schneider Value Fund

Except to the extent amended hereby, the Agreement 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 and year first written above.


THE RBB FUND, INC.		U.S. BANK NATIONAL ASSOCIATION


By:	/s/ Salvatore Faia	By:	/s/ Michael R. McVoy

Printed Name: Salvatore Faia		Printed Name: Michael R. McVoy

Title: President		Title: Senior Vice President