To: AmericaFirst Quantitative Funds Board of Trustees From: AmericaFirst Capital Management, LLC Re: Operating Expenses Limitation and Security Agreement Supplement

To: AmericaFirst Quantitative Funds Board of Trustees

From: AmericaFirst Capital Management, LLC

Re: Operating Expenses Limitation and Security Agreement Supplement

______________________________________________________________________

Effective February 5, 2016, AmericaFirst Capital Management, LLC hereby agrees to extend the term of the Operating Expenses Limitation and Security Agreement pursuant to paragraph 8 ("Term") of the Operating Expenses Limitation and Security Agreement to February 4, 2017.

AMERICAFIRST CAPITAL MANAGEMENT, LLC

By: /s/ Xxxx Xxxxxxxxx

Name: Xxxx Xxxxxxxxx

Title: Managing Member & Portfolio Manager