0001398344-26-014991 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 20th, 2026 • Horizon Funds • Delaware

This Agreement is made and entered into effective as of August 10, 2026, by and between Horizon Funds, a Delaware statutory trust (the “Trust”), on behalf of Horizon Expansion Leaders ETF, a series of shares of the Trust (the “Fund”), and Horizon Investments, LLC, a South Carolina limited liability company (the “Adviser”).

ELEVENTH AMENDMENT TO THE HORIZON FUNDS FUND ADMINISTRATION SERVICING AGREEMENT
Fund Administration Servicing Agreement • August 20th, 2026 • Horizon Funds

THIS AMENDMENT, dated as of August 24, 2026 (“Effective Date”), to the Fund Administration Servicing Agreement, dated as of February 8, 2016, as amended (the “Agreement”), is entered into by and between HORIZON FUNDS, a Delaware trust (the “Trust”) and U.S. BANCORP FUND SERVICES, LLC, d/b/a U.S. Bank Global Fund Services, a Wisconsin limited liability company (“Fund Services”).

ELEVENTH AMENDMENT TO THE HORIZON FUNDS TRANSFER AGENT SERVICING AGREEMENT
Transfer Agent Servicing Agreement • August 20th, 2026 • Horizon Funds

THIS AMENDMENT, dated as of August 24, 2026 (the “Effective Date”), to the Transfer Agent Servicing Agreement, dated as of February 8, 2016, as amended (the “Agreement”), is entered into by and between HORIZON FUNDS, a Delaware trust (the “Trust”) and U.S. BANCORP FUND SERVICES, LLC, d/b/a U.S. Bank Global Fund Services, a Wisconsin limited liability company (“Fund Services”).

FOURTH AMENDMENT TO THE NOVATED DISTRIBUTION AGREEMENT
Distribution Agreement • August 20th, 2026 • Horizon Funds • Wisconsin

This fourth amendment (the “Amendment”) to the Distribution Agreement (the “Agreement”) dated as of February 8, 2016, as novated September 30, 2021, by and among Horizon Funds (the “Fund Company”), Horizon Investments, LLC (the “Adviser”) and Quasar Distributors, LLC (“Foreside”) is effective as of March 31, 2026 (the “Effective Date”).

TENTH AMENDMENT TO THE HORIZON FUNDS CUSTODY AGREEMENT
Custody Agreement • August 20th, 2026 • Horizon Funds

THIS AMENDMENT, dated as of August 24, 2026 (the “Effective Date”), to the Custody Agreement, dated as of February 8, 2016, as amended (the “Agreement”), is entered into by and between HORIZON FUNDS, a Delaware trust (the “Trust”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association (the “Custodian”).

TENTH AMENDMENT TO THE HORIZON FUNDS FUND ACCOUNTING SERVICING AGREEMENT
Fund Accounting Servicing Agreement • August 20th, 2026 • Horizon Funds

THIS AMENDMENT, dated as of August 24, 2026 (the “Effective Date”), to the Fund Accounting Servicing Agreement, dated as of February 8, 2016, as amended (the “Agreement”), is entered into by and between HORIZON FUNDS, a Delaware trust (the “Trust”) and U.S. BANCORP FUND SERVICES, LLC, d/b/a U.S. Bank Global Fund Services, a Wisconsin limited liability company (“Fund Services”).

HORIZON FUNDS EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • August 20th, 2026 • Horizon Funds

This Expense Limitation Agreement is into effective as of August 21, 2026, by and between Horizon Funds, a Delaware statutory trust (the “Trust”), on behalf of Anfield Universal Fixed Income Fund, a series of shares of the Trust (the “Fund”), and Horizon Investments, LLC, a South Carolina limited liability company (the “Adviser”).