0001421877-09-000103 Sample Contracts

UMB Scout Funds, on behalf of UMB Scout TrendStar Small Cap Fund Fee Waiver and Expense Assumption Agreement
Umb Scout Funds • April 6th, 2009

THIS AGREEMENT is made effective as of the __ day of ____________, 2009, by and between UMB Scout Funds, a Delaware statutory trust (the “Trust”), on behalf of its UMB Scout TrendStar Small Cap Fund series (the “Fund”), and Scout Investment Advisors, Inc., a Missouri corporation (the “Advisor”).

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Exhibit A to Investment Advisory Agreement dated April 1, 2005 Between Scout Investment Advisors, Inc. and UMB Scout Funds
Umb Scout Funds • April 6th, 2009

IN WITNESS WHEREOF, the parties hereto have caused this Exhibit A to be amended and restated effective as of the [1st] day of [July] 2009.

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