0001324443-13-000067 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • June 28th, 2013 • American Independence Funds Trust • Delaware

AGREEMENT made as of this 23rd day of July 2010, between American Independence Financial Services, LLC, a limited liability company organized under the laws of the State of Delaware (the “Adviser“), and American Independence Funds Trust, a business trust organized under the laws of the State of Delaware (the “Trust“).

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FORM OF] INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • June 28th, 2013 • American Independence Funds Trust

AGREEMENT made this _____ day of ______, 2013 by and between American Independence Financial Services, LLC (the "Adviser"), and J. A. Forlines, LLC (the “Sub-Adviser");

ADMINISTRATION AGREEMENT
Administration Agreement • June 28th, 2013 • American Independence Funds Trust • New York

THIS AGREEMENT is made as of this 14th day of November, 2005 as amended through June 14, 2013 by and between the American Independence Funds Trust (the "Trust"), a Delaware business trust having its principal place of business at 230 Park Avenue, Suite 534, New York, NY 10169, and American Independence Financial Services, LLC ("AIFS"), a limited liability company organized under the laws of the State of Delaware and having its principal place of business at 230 Park Avenue, Suite 534, New York, NY 10169.

SHAREHOLDER SERVICES AGREEMENT
Shareholder Services Agreement • June 28th, 2013 • American Independence Funds Trust • New York

This Agreement is made as of June 22, 2012 between American Independence Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of each series set forth on Schedule A hereto, as amended from time to time (each, a “Fund”), and American Independence Financial Services, LLC, a Delaware limited liability company (the “Adviser”).

EXPENSE LIMITATION AGREEMENT AMERICAN INDEPENDENCE FUNDS TRUST
Expense Limitation Agreement • June 28th, 2013 • American Independence Funds Trust

EXPENSE LIMITATION AGREEMENT, effective as of March 1, 2013, by and between American Independence Financial Services, LLC (the “Investment Adviser”) and American Independence Funds Trust (the “Trust”), a Delaware business trust, on behalf of each of the funds, listed on Exhibit A (each, a “Fund”).

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