0001209286-15-000550 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Toreador Explorer Fund
Investment Advisory Agreement • August 28th, 2015 • World Funds Trust • Delaware

THIS INVESTMENT ADVISORY AGREEMENT is made as of the 27th day of January, 2015 by and between the World Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of the Trust’s Toreador Explorer Fund series (the “Fund”) and Toreador Research and Trading, LLC (the “Advisor”).

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WORLD FUNDS TRUST EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • August 28th, 2015 • World Funds Trust

THIS EXPENSE LIMITATION AGREEMENT, which was first entered into and made effective as of August 15, 2014, and was subsequently amended from time to time to, among other things extend the term of the Agreement, is entered into again by and between Toreador Research and Trading, LLC (the “Adviser”) and World Funds Trust (the “Trust”) (“Agreement”), on behalf of the series of the Trust set forth in Schedule A attached hereto (each a “Fund,” and collectively, the “Funds”).

CUSTODY AGREEMENT
Custody Agreement • August 28th, 2015 • World Funds Trust • Ohio

THIS CUSTODY AGREEMENT (this “Agreement”), is made as of April 22, 2015, by and between WORLD FUNDS TRUST, a statutory trust organized under the laws of the State of Delaware (the “Company”), and FIFTH THIRD BANK, an Ohio banking corporation (the “Custodian”).

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