0001398344-19-023064 Sample Contracts

Horizon Funds FORM OF EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • December 26th, 2019 • Horizon Funds

This Expense Limitation Agreement is into effective as of December 26, 2019, by and between Horizon Funds, a Delaware statutory trust (the “Trust”), on behalf of Horizon ESG Defensive Core Fund, a series of shares of the Trust (the “Fund”), and Horizon Investments, LLC, a South Carolina limited liability company (the “Adviser”).

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