AMENDMENT NO. 1 TO FUND SERVICES AGREEMENT
AMENDMENT NO. 1 TO
FUND SERVICES AGREEMENT
This is AMENDMENT NO 1. To the Fund Services Agreement (the “Agreement”) dated as of December 1, 2015, between Commonwealth Fund Services, Inc., a corporation organized in accordance with the laws of the Commonwealth of Virginia (“CFS”) and World Funds Trust, a statutory trust organized and existing under the laws of the State of Delaware (the “Trust”).
WHEREAS, the investment adviser to the Global Strategic Income Fund (the “Fund”), a series portfolio of the Trust, has requested that CFS provide certain concessions to the fees payable under the Agreement with respect to the Fund, and CFS has agreed to do so; and
WHEREAS, the Trust finds the proposed concessions acceptable.
NOW THEREFORE, in consideration of the mutual promises described in the Agreement, the sufficiency and adequacy are agreed to by the parties hereto, the Agreement is hereby amended as follows:
1. |
The first paragraph of Section 10, “Term and Termination” of the Agreement
shall be amended by deleting the first paragraph in its entirety and replacing it
with the following: |
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This Agreement
shall remain in effect with respect to a Fund from the “Effective Date”
until the “End Date,” each as set forth in Exhibit A to this Agreement;
thereafter, this Agreement shall automatically renew for a period of one year and
continue in effect from year to year thereafter or such other periods as may be
set forth in Exhibit A (the initial and any subsequent such periods are referred
to as “Term”). |
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2. |
Exhibit A of the Agreement shall be replaced in its entirety with the new Exhibit
A attached hereto as Attachment A. |
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3. |
Exhibit E of the Agreement shall be replaced in its entirety with the new Exhibit
E attached hereto as Attachment B. |
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4. |
The effective date of this Amendment No. 1 shall be May 1, 2017. |
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IN WITNESS HEREOF, the Commonwealth of Virginia (“CFS”) and World Funds
Trust have agreed to this Amendment No. 1 to the Agreement as of April 25, 2017. |
COMMONWEALTH FUND SERVICES, INC. |
COMMONWEALTH FUND SERVICES, INC. | WORLD FUNDS TRUST, WITH RESPECT TO THE FUNDS IDENTIFIED ON EXHIBIT A |
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By: |
/s/ Xxxxx Xxxxx |
By: |
/s/ Xxxx Xxxxx III |
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Date: |
April 25,
2017 |
Date: |
April 25,
2017 |
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Print Name: |
Xxxxx Xxxxx |
Print Name: |
Xxxx Xxxxx III |
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Title: |
Managing
Director, Fund Operations |
Title: |
President
|
ATTACHMENT A | ||
TO | ||
AMENDMENT NO. 1 TO | ||
FUND SERVICES AGREEMENT | ||
EXHIBIT A | ||
to | ||
Fund Services Agreement | ||
List of Funds |
Fund Name
|
Effective Date
|
End Date of
Initial Term |
Global Strategic
Income Fund |
December 1,
2015 |
November 30,
2016 |
Effective May 1, 2017, the “List of Funds and the “Effective Date” and “End Date” are amended as follows:
Fund Name
|
Effective Date
|
End Date
|
Global Strategic
Income Fund |
May 1, 2017 |
March 31,
2018 |