0001193125-13-427961 Sample Contracts

DREXEL HAMILTON MUTAL FUNDS Drexel Hamilton Centre American Equity Fund INVESTMENT ADVISORY AGREEMENT

Investment Advisory Agreement • November 5th, 2013 • Drexel Hamilton Mutual Funds • Delaware

• Contract Type
  Investment Advisory Agreement
• Filed
  November 5th, 2013
• Company
  Drexel Hamilton Mutual Funds
• Jurisdiction
  Delaware

This Investment Advisory Agreement (“Agreement”) is made as of the 14th day of September, 2013, by and between DREXEL HAMILTON MUTUAL FUNDS, a Delaware statutory trust (the “Trust”), on behalf of its series listed on Schedule A hereto (the “Fund”), and CENTRE ASSET MANAGEMENT, LLC (the “Adviser”), an investment adviser registered with the U.S. Securities and Exchange Commission (the “SEC”).

OPERATING EXPENSE LIMITATION AGREEMENT DREXEL HAMILTON MUTUAL FUNDS Drexel Hamilton Multi-Asset Real Return Fund

Operating Expense Limitation Agreement • November 5th, 2013 • Drexel Hamilton Mutual Funds • Delaware

• Contract Type
  Operating Expense Limitation Agreement
• Filed
  November 5th, 2013
• Company
  Drexel Hamilton Mutual Funds
• Jurisdiction
  Delaware

This Operating Expense Limitation Agreement (“Agreement”), dated as of September 14, 2013, is made and entered into by and between Drexel Hamilton Mutual Funds, a Delaware statutory trust (the “Trust”), on behalf of its series, Drexel Hamilton Multi-Asset Real Return Fund (the “Fund”), and Centre Asset Management, LLC (the “Adviser”).

AMENDMENT NO. 1 TO AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT DREXEL HAMILTON MUTUAL FUNDS Drexel Hamilton Centre American Equity Fund

Expense Limitation Agreement • November 5th, 2013 • Drexel Hamilton Mutual Funds

• Contract Type
  Expense Limitation Agreement
• Filed
  November 5th, 2013
• Company
  Drexel Hamilton Mutual Funds

This Amendment (“Amendment”), dated as of November 4, 2013, is by and between Drexel Hamilton Mutual Funds (the “Trust”) and Centre Asset Management, LLC (“Centre”).

EXPENSE LIMITATION AGREEMENT DREXEL HAMILTON MUTUAL FUNDS Drexel Hamilton Centre Global Equity Fund

Expense Limitation Agreement • November 5th, 2013 • Drexel Hamilton Mutual Funds

• Contract Type
  Expense Limitation Agreement
• Filed
  November 5th, 2013
• Company
  Drexel Hamilton Mutual Funds

This Expense Limitation Agreement (“Agreement”), dated as of September 14, 2013 and amended as of November 4, 2012, is made and entered into by and between Drexel Hamilton Mutual Funds, a Delaware statutory trust (the “Trust”), on behalf of its series, Drexel Hamilton Centre Global Equity Fund (the “Fund”), and Centre Asset Management, LLC (the “Adviser”).