0001580642-16-011779 Sample Contracts

EXPENSE LIMITATION AGREEMENT HAYS SERIES TRUST
Expense Limitation Agreement • October 31st, 2016 • Hays Series Trust

This Agreement is into effective as of July 31, 2015, by and between the Hays Tactical Multi-Asset Fund (the “Fund”), a series of shares of the Hays Series Trust, a Delaware statutory trust (the “Trust”) and Hays Capital Management, LLC, a Tennessee limited liability company (the “Adviser”).

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HAYS SERIES TRUST FIrst AMENDMENT TO THE ADMINISTRATIVE SERVICES AGREEMENT
Administrative Services Agreement • October 31st, 2016 • Hays Series Trust

THIS FIRST AMENDMENT dated as of the 31st of October, 2016, to the Administrative Services Agreement, dated as of July 31, 2015 (the “Administrative Services Agreement”), is entered into by and between HAYS SERIES TRUST, a Delaware statutory trust (the “Trust”) and HAYS ADVISORY, LLC, a Tennessee limited liability company (“Hays Advisory”).

HAYS SERIES TRUST FIrst AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 31st, 2016 • Hays Series Trust

THIS FIRST AMENDMENT dated as of the 31st of October, 2016, to the Investment Advisory Agreement, dated as of July 31, 2015 by and between Hays Series Trust, on behalf of the Hays Tactical Multi-Asset Fund, and Hays Capital Management, LLC (the “Advisory Agreement”), is entered into by and between HAYS SERIES TRUST, a Delaware statutory trust (the “Trust”) on behalf of the Hays Tactical Multi-Asset Fund and HAYS CAPITAL MANAGEMENT, LLC, a Tennessee limited liability company (the “Adviser”).

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