SEPTEMBER 1, 2016
FIRST AMENDMENT TO THE
SUB-ADVISORY AGREEMENT
BY AND BETWEEN
CORNERSTONE ADVISORES INC.
AND
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ CAPITAL ADVISORS, L.P.
This First Amendment (this "Amendment") to the Sub-Advisory Agreement (the
"Agreement") dated as of May 1, 2014, by and between Cornerstone Advisors Inc.,
("Adviser") and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Capital Advisors, L.P. ("Sub-Adviser") is entered
into as of September 1, 2016 (the "Effective Date") by the Adviser and
Sub-Adviser pursuant to Section 11 of the Sub-Advisory Agreement.
The Agreement is hereby amended as follows:
(1) Schedule A to the Agreement is amended and restated in its entirety as set
forth on the attached Schedule A.
Except as amended hereby, the Agreement shall remain unchanged and shall be in
full force and effect.
This Amendment is intended to take effect on the Effective Date.
EXECUTED AND AGREED TO by the parties as of the date first written above by
their duly authorized representatives:
MANAGER: CORNERSTONE ADVISORS, INC.
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ CAPITAL ADVISORS, L.P.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇▇▇▇
-------------------- ---------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇
Title: General Counsel Title: Chief Operating Officer
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AMENDED
SCHEDULE A
TO THE
SUB-ADVISORY AGREEMENT
BETWEEN
CORNERSTONE ADVISORS INC.
AND
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ CAPITAL ADVISORS, L.P.
(AMENDED EFFECTIVE SEPTEMBER 1, 2016)
The Fund will pay to the Sub-Adviser as compensation for the Sub-Adviser's
services rendered, a fee, computed daily at an annual rate based on the average
daily net assets of the respective Fund as may be allocated by the Adviser to
the Sub-Adviser from time to time under the following fee schedule:
Fund RATE
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Real Assets Fund [Redacted]
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