FOURTH AMENDMENT TO EXCLUSIVE LENDING AGREEMENT (“AGREEMENT”) BETWEEN DIAMOND HILL FUNDS, ON BEHALF OF EACH OF ITS SERIES

FOURTH AMENDMENT TO

EXCLUSIVE LENDING AGREEMENT (“AGREEMENT”)

BETWEEN

DIAMOND HILL FUNDS,

ON BEHALF OF EACH OF ITS SERIES

IDENTIFIED IN THE AGREEMENT, AS AMENDED

AND

STATE STREET BANK AND TRUST COMPANY

    This Fourth Amendment (“Amendment”) dated as of March 9, 2018 is among Diamond Hill Funds, on behalf of each of its series identified in the Agreement, as amended, each acting severally and not jointly (each, a “Lender”), State Street Bank and Trust Company, acting as agent for Lender (“Agent”), and State Street Bank and Trust Company, as principal borrower (“Borrower”).

WHEREAS, the parties have entered into an Exclusive Lending Agreement, dated as of May 26, 2015, as amended from time to time and as in effect on the date of this Amendment (as previously defined, the “Agreement”); and

WHEREAS, the parties seek to amend the Agreement to delete the following Lender: Diamond Hill Large Cap Fund;

NOW THEREFORE, the parties hereby agree to amend the Agreement as follows:

1.    Definitions. All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Agreement.

2.    Amendment. Section (j) Definitions of the Agreement is hereby amended by deleting the existing definition of “Lender” and replacing it with the following:

““Lender” means Diamond Hill Funds, on behalf of each of the following series:

–Diamond Hill Financial Long-Short Fund

–Diamond Hill Long-Short Fund

–Diamond Hill Research Opportunities Fund”

3.    Miscellaneous. Except to the extent specifically amended by this Amendment, the provisions of the Agreement shall remain unmodified. This Amendment may be executed in any number of counterparts, each of which shall be deemed to be an original, but such counterparts

shall, together, constitute only one (1) instrument.

4.    Effective Date. This Amendment shall be effective as of the date first set forth above.

[Signature Page to Follow.]

IN WITNESS WHEREOF, the parties hereby execute this Fourth Amendment, as of the date first set forth above, by their duly authorized officers by affixing their signatures below.

DIAMOND HILL FUNDS, on behalf of

each Lender

By: /s/ Xxxx Xxxxx

Name: Xxxx Xxxxx

                                                                                                          Title: President

STATE STREET BANK AND TRUST

COMPANY, in its capacity as Agent

By: /s/ Xxxxxxxxx X'Xxxxxx

Name: Xxxxxxxxx X'Xxxxxx

Title: Managing Director

STATE STREET BANK AND TRUST

COMPANY, in its capacity as Borrower

By: /s/ Xxxx XxXxxxx

Name: Xxxx XxXxxxx

Title: MD

Information Classification: Limited Access