SUBADVISORY AGREEMENT BETWEEN ABSOLUTE INVESTMENT ADVISERS LLC AND KOVITZ INVESTMENT GROUP, LLC

SUBADVISORY AGREEMENT
BETWEEN
ABSOLUTE INVESTMENT ADVISERS LLC
AND
XXXXXX INVESTMENT GROUP, LLC

Appendix A

Series of the Trust:

Absolute Strategies Fund

Absolute Capital Opportunities Fund

IN WITNESS WHEREOF, the parties hereto have caused this Revised Appendix A to be duly executed all as of June 12, 2015.

ABSOLUTE INVESTMENT ADVISERS LLC

/s/ Xxx Xxxxxxx

Name: Xxx Xxxxxxx

Title: Principal and Portfolio Manager

XXXXXX INVESTMENT GROUP, LLC

/s/ Xxxx X. Xxxxxxx

Name: Xxxx X. Xxxxxxx

Title: President