Schedule B Fee Schedule
Schedule
B
Fee Schedule
This Schedule B is part of the ETF Distribution Agreement effective June 30, 2023 (the “Agreement”) by and between Texas Capital Funds Trust (the “Trust”) and Northern Lights Distributors, LLC (“Distributor”). This Fee Schedule replaces any existing fee schedule with respect to the Fund(s) identified herein.
| Fund(s) |
| Texas Capital Texas Equity Index ETF |
| Texas Capital Texas Oil Index ETF |
| Texas Capital Texas Small Cap Equity Index ETF |
| Texas Capital Government Money Market ETF |
Each of the above referenced funds a “Fund” and collectively, the “Funds”.
Service Fees:
Texas Capital Bank Wealth Management Services, Inc., doing business as Texas Capital Bank Private Wealth Advisors (the “Adviser”) shall pay the Distributor service fees pursuant to the schedule set forth below.
| * | Solely for purposes of determining the base annual fee, the number of Funds in the Trust shall include the Funds listed on this Schedule B and the Funds listed on Schedule A of that certain Distribution Agreement dated September 29, 2023 by and between Distributor, the Trust, and the Adviser. |
For any annual fees provided herein, fees for partial months or years shall be prorated.
Schedule B | Page 1
Advertising Review Fees:
The Adviser shall pay to the Distributor a fee for advertising submission per the schedule listed below:
| Submissions* | Charge |
| Per Month | Per Month** |
| 0 - 10 Submissions | |
| 11+ Submissions | |
| * | Excludes Fund Fact Sheets |
| ** | Charges do not include FINRA filing fees |
Reimbursable Expenses:
The Adviser shall pay all reasonable reimbursable expenses incurred by Distributor in connection with activities performed for the Fund including, without limitation:
| ● | costs associated with any pre-engagement audit work performed by Distributor |
| ● | typesetting, printing and distribution of prospectuses and shareholder reports |
| ● | production, printing, distribution and placement of advertising and sales literature and materials |
| ● | engagement of designers, free-▇▇▇▇▇ writers and public relations firms |
| ● | postage |
| ● | overnight delivery charges |
| ● | FINRA and registration fees |
| ● | marketing expenses |
| ● | physical record retention fees |
| ● | reasonable travel, lodging and meals |
| ● | NSCC charges |
| ● | Fund platform fees and service fees |
| ● | website monitoring review |
| ● | monitoring software |
| 1 | Using 1982-84=100 as a base, unless otherwise noted in reports by the Bureau of Labor Statistics. |
Schedule B | Page 2
In the event the fees authorized by the Funds for payment to Distributor are insufficient to cover the fees due to Distributor for its services provided hereunder, the Adviser agrees to pay Distributor the remaining balance of any fees due and payable to Distributor according to this fee schedule within 15 days of request.
Signatures are located on the next page.
Schedule B | Page 3
IN WITNESS WHEREOF, the parties hereto have executed this Schedule B to the ETF Distribution Agreement effective this April 26, 2024.
| TEXAS CAPITAL FUNDS TRUST | NORTHERN LIGHTS DISTRIBUTORS, LLC | |||
| (for the above referenced Fund(s)) | ||||
| By: | ![]() |
By: | ![]() | |
| Name: | ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ | ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | ||
| Title: | President | President | ||
Schedule B | Page 4
The undersigned investment adviser (the “Adviser”) hereby acknowledges and agrees to the terms of the Agreement and further acknowledges and agrees that:
(1) Distributor expends substantial time and money, on an ongoing basis, to recruit and train its employees; (2) Distributor’s business is highly competitive and is marketed throughout the United States, and (3) if the Adviser were to hire any Distributor employees who are involved in the procurement of the services under the Agreement then Distributor may suffer lost sales and other opportunities and would incur substantial expense in hiring and training replacement(s) for those employees. Accordingly, the Adviser agrees that it, including its respective affiliates and subsidiaries, shall not solicit, attempt to induce or otherwise hire an employee of Distributor for so long as this Agreement is in effect and for a period of two (2) years after termination of this Agreement, unless expressly agreed upon in writing by both parties. In the event that this provision is breached by the Adviser, the Adviser agrees to pay damages to Distributor in the amount of two times the current annual salary of such employee or former employee. For purposes of this provision, “hire” means to employ as an employee or to engage as an independent contractor, whether on a full-time, part-time or temporary basis.
Texas
Capital Bank Wealth Management Services, Inc., doing business as Texas Capital Bank Private Wealth Advisors
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| By: | ![]() |
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| Name: | ▇▇▇▇▇▇ ▇▇▇▇ | |
| Title: | Managing Director, Director of Procurement |
Schedule B | Page 5



