0001162044-08-000544 Sample Contracts

CATALYST FUNDS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT AMERICA FIRST FUNDS
And Security Agreement • October 14th, 2008 • Catalyst Funds • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 10th day of October, 2008, by and between CATALYST FUNDS, an Ohio business trust (the “Trust”), on behalf of the America Quantitative Strategies Fund and the America First Market Trends Fund (the “Funds”), each a series of the Trust, and America First Capital Management, LLC (the “Advisor”), the advisor of the Funds.

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