AMENDMENT TO SERVICES AGREEMENT CONQUER RISK MANAGED VOLATILITY FUND CONQUER RISK TACTICAL ROTATION FUND CONQUER RISK TACTICAL OPPORTUNITIES FUND CONQUER RISK DEFENSIVE BULL FUND
AMENDMENT TO
SERVICES
AGREEMENT
CONQUER RISK MANAGED VOLATILITY FUND
CONQUER RISK TACTICAL ROTATION FUND
CONQUER RISK TACTICAL OPPORTUNITIES FUND
CONQUER RISK DEFENSIVE BULL FUND
This amendment is made to the Services Agreement between Potomac Fund Management, Inc. (the “Advisor”) and PFS Funds (the “Trust”) on behalf of Conquer Risk Managed Volatility Fund, Conquer Risk Tactical Rotation Fund, Conquer Risk Tactical Opportunities Fund, and Conquer Risk Defensive Bull Fund (each a “Fund”), series of the Trust and shall become effective as of October 3, 2023. It is mutually understood and agreed by and between the undersigned parties to amend Section 6. Compensation of the Services Agreement to read as follows:
Compensation. For the performance of the Advisor’s obligations under this Agreement, including payment of certain expenses of each of the Funds pursuant to paragraph 3 hereof, each Fund shall pay the Advisor, on the first business day following the end of each month, a fee at an annual rate of 0.50% of a Fund’s average daily net assets up to $25 million, and 0.20% of a Fund’s average daily net assets in excess of $25 million.
IN WITNESS WHEREOF, the parties have duly executed this Amendment to the Services Agreement on September 27, 2023.
By: /s/ Xxxxxxx X. Xxxxxxxx
Print Name: Xxxxxxx X. Xxxxxxxx
Title: Trustee, Secretary and Treasurer
Potomac Fund Management, Inc.
By: /s/ Xxxxxx Xxxxxx
Print Name: Xxxxxx Xxxxxx
Title: President
