0001209286-14-000356 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Perkins Discovery Fund
Investment Advisory Agreement • July 29th, 2014 • World Funds Trust • Delaware

THIS INVESTMENT ADVISORY AGREEMENT is made as of the 20th day of July, 2012 by and between the World Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of the Trust’s Perkins Discovery Fund series (the “Fund”) and Perkins Capital Management, Inc. (the “Advisor”).

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OPERATING EXPENSE LIMITATION AGREEMENT
Operating Expense Limitation Agreement • July 29th, 2014 • World Funds Trust • Delaware

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 23rd day of July 2014, by and between the World Funds Trust, a Delaware statutory trust (the “Trust ”), on behalf of the Perkins Discovery Fund (the “Fund”), a series of the Trust, and the Advisor of the Fund, Perkins Capital Management, Inc. (the “Advisor”).

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