0000894189-15-001586 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • March 30th, 2015 • Bridge Builder Trust • Delaware

This AGREEMENT is made as of the 18th day of February, 2015, by and among Artisan Partners Limited Partnership, a Delaware limited partnership located at 875 East Wisconsin Avenue, Suite 800, Milwaukee, WI 53202 (the “Sub-Adviser”), and Olive Street Investment Advisers, LLC, a Missouri limited liability corporation located at 12555 Manchester Road, St. Louis, MO 63131(the “Adviser”).

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February 19, 2015 Mr. William H. Broderick, III Chairman of the Board Bridge Builder Trust 12555 Manchester Road St. Louis, MO 63131
Bridge Builder Trust • March 30th, 2015

This letter is to confirm the agreement of Olive Street Investment Advisers, LLC ("Olive Street") with Bridge Builder Trust to waive the management fees it is entitled to receive as Investment Adviser of each of the series of the Trust listed on Schedule A (each a “Fund” and collectively, the “Funds”), to the extent management fees to be paid to Olive Street exceed the management fees that Olive Street is required to pay the Funds’ Sub-Advisers. This waiver will become effective as of the launch date of each of the Funds and shall continue until at least April 27, 2016, and will continue thereafter for subsequent one year periods unless terminated in accordance with the terms herein. For the avoidance of doubt, management fees waived pursuant to this agreement are not subject to reimbursement by the Funds. Our agreement to waive management fees may not be terminated by us without the consent of the Board of Trustees of Bridge Builder Trust, which consent will not be unreasonably withhe

BRIDGE BUILDER TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • March 30th, 2015 • Bridge Builder Trust • Delaware

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of February 19, 2015, by and between Bridge Builder Trust, a Delaware statutory trust (the “Trust”), with respect to each of the funds listed on Schedule A (each a “Fund” and collectively the “Funds”), and the investment adviser of the Funds, Olive Street Investment Advisers, LLC (the “Adviser”).

FIRST AMENDMENT TO THE DISTRIBUTION AGREEMENT
Distribution Agreement • March 30th, 2015 • Bridge Builder Trust

THIS FIRST AMENDMENT, dated as of February 19, 2015, to the Distribution Agreement dated as of July 10, 2013 (the “Agreement”) is entered into by and between Bridge Builder Trust, a Delaware business trust (the “Trust”) and Quasar Distributors, LLC, a Delaware limited liability company (the “Distributor.”)

FIRST AMENDMENT TO THE MASTER SERVICES AGREEMENT
Master Services Agreement • March 30th, 2015 • Bridge Builder Trust

THIS FIRST AMENDMENT effective as of February 19, 2015, to the Master Services Agreement dated May 22, 2013 (the “Agreement”) is entered into by and between Bridge Builder Trust, a Delaware business trust (the “Trust”) and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company (“USBFS”)

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