0001580642-16-007509 Sample Contracts

SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • March 4th, 2016 • Mutual Fund & Variable Insurance Trust • New York

WHEREAS, the Adviser acts as an investment adviser to series of the Mutual Fund and Variable Insurance Trust, a Delaware statutory trust (the "Trust"), pursuant to a Management Agreement dated as of January 1, 2016 (the "Management Agreement");

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SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • March 4th, 2016 • Mutual Fund & Variable Insurance Trust • New York

WHEREAS, the Adviser acts as an investment adviser to the Catalyst Managed Futures Strategy Fund Limited, a Cayman Islands exempted company (the "Company"), pursuant to a Management Agreement dated as of February 26, 2016 (the "Management Agreement");

MANAGEMENT AGREEMENT
Management Agreement • March 4th, 2016 • Mutual Fund & Variable Insurance Trust • New York

The Company is a Cayman Islands exempted company and is a wholly-owned subsidiary of the Catalyst Managed Futures Strategy VA Fund (the “Fund”), a series of the Mutual Fund and Variable Insurance Trust (the “Trust”). The purpose of the Company is to facilitate the implementation of the Fund’s investment strategies, in particular with respect to investments in commodity futures and other commodity-related derivatives instruments.

Exhibit A Series of the Trust January 1, 2016 As Amended: February 26, 2016
Mutual Fund & Variable Insurance Trust • March 4th, 2016
EXPENSE LIMITATION AGREEMENT MUTUAL FUND AND VARIABLE INSURANCE TRUST
Expense Limitation Agreement • March 4th, 2016 • Mutual Fund & Variable Insurance Trust

EXPENSE LIMITATION AGREEMENT, effective as of February 26, 2016, by and between Rational Advisors, Inc. (the “Adviser”), formerly known as Huntington Asset Advisors, Inc., and Mutual Fund and Variable Insurance Trust (the “Trust”), formerly known as The Huntington Funds, on behalf of the Catalyst Managed Futures Strategy VA Fund (the “Fund”), a series of the Trust.

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