0001162044-19-000417 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • June 28th, 2019 • Ranger Funds Investment Trust • Delaware

The Trust has been organized to engage in the business of an open-end management investment company. The Trust currently offers several series of shares to investors.

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RANGER FUNDS INVESTMENT TRUST OPERATING EXPENSES LIMITATION AGREEMENT RG Liquid Alts, LP
Operating Expenses Limitation Agreement • June 28th, 2019 • Ranger Funds Investment Trust • Delaware

WHEREAS, the Adviser renders advice and services to the Fund pursuant to the terms and provisions of a Management Agreement between the Trust and the Adviser dated as of June 27, 2019 (the “Management Agreement”); and

SECOND AMENDMENT TO DISTRIBUTION AGREEMENT
Distribution Agreement • June 28th, 2019 • Ranger Funds Investment Trust • Delaware

This second amendment (“Amendment”) to the Distribution Agreement (the “Agreement”) dated as of November 10, 2017 by and between Ranger Funds Investment Trust (the “Client”) and Foreside Fund Services, LLC (“Foreside”) is entered into as of July 1, 2019 (the “Effective Date”).

THIRD AMENDMENT TO THE RANGER FUNDS INVESTMENT TRUST CUSTODY AGREEMENT
Custody Agreement • June 28th, 2019 • Ranger Funds Investment Trust

THIS THIRD AMENDMENT, effective as of June 19, 2019, to the Custody Agreement, dated as of September 9, 2011, (the “Agreement”), is entered into by and between RANGER FUNDS INVESTMENT TRUST, a Delaware statutory trust (the “Trust”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association (the “Custodian”).

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