WAIVER AGREEMENT
WAIVER AGREEMENT (the "Agreement") dated as of the __th day of April,
2009, by and between ▇▇▇▇▇▇▇▇▇ Global Funds (the "Trust"), a Delaware statutory
trust, on behalf of the ▇▇▇▇▇▇▇▇▇ Money Market Fund (the "Fund"), and Foreside
Fund Services, LLC (the "Distributor").
WHEREAS, the Trust has entered into a Distribution Agreement with the
Distributor with respect to the Fund; and
WHEREAS, the Trust and the Distributor wish to agree to certain waivers
of fees payable under the agreement with respect to the Fund.
NOW, THEREFORE, in consideration of the promises and covenants herein
contained, the parties hereto, intending to be legally bound, do hereby agree:
1. For the period consisting of the commencement of operations of the
Fund through October 31, 2010, the Distributor will waive all distribution and
service fees payable under the Distribution Agreement with respect to the Fund.
This Agreement shall continue in effect hereafter for subsequent one year
periods unless terminated by the Distributor prior to the end of the preceding
term. This Agreement shall terminate with respect to the Distribution Agreement
upon the termination of such agreement.
2. The terms of the Distribution Agreement are not otherwise affected,
modified or terminated by this Agreement.
IN WITNESS WHEREOF the parties hereto have caused this Agreement,
consisting of one page, to be signed by their duly authorized officers as the
day and year first above written.
▇▇▇▇▇▇▇▇▇ GLOBAL FUNDS, FORESIDE FUND SERVICES, LLC
ON BEHALF OF THE ▇▇▇▇▇▇▇▇▇
MONEY MARKET FUND
By: By:
--------------------- ---------------------------
--------------------- ---------------------------
Attest Attest