Expense Limitation Agreement
To: Mutual Fund Series Trust
00000 Xxxxxx Xxxxxx
Xxxxx, XX 00000
Dear Board Members:
You have engaged us to act as the sole investment adviser to the Eventide Funds listed on Exhibit A (each a “Fund” and together the “Funds”) pursuant to a Management Agreement dated as of June 30, 2008 (the “Agreement”) as amended.
We hereby contractually agree to waive management fees and/or reimburse the Funds for expenses they incur, but only to the extent necessary to maintain each Fund’s total annual operating expenses (excluding any front-end or contingent deferred loads, any Rule 12b-l fees, taxes, leverage interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividend expense on securities sold short, underlying fund fees and expenses or extraordinary expenses such as litigation) at the percentage of average daily net assets and term as stated in Exhibit A for each Fund.
Any waiver or reimbursement by us is subject to repayment by the applicable Fund within the three fiscal years following the fiscal year in which the expenses occurred, if the Fund is able to make the repayment without exceeding its current expense limitations and the repayment is approved by the Board of Trustees.
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Very truly yours,
EVENTIDE ASSET MANAGEMENT, LLC
By: /s/ Xxxxx Xxxx Xxxxx Xxxx, Chief Executive Officer
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The foregoing Agreement is hereby accepted.
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By: /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx, President
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Dated: May 21, 2015
Exhibit A
| Fund | Percent of Net Assets | Term |
| Eventide Gilead Fund | 1.42% | 10/31/15 |
| Eventide Healthcare and Life Sciences Fund | 1.43% | 10/31/15 |
| Eventide Multi-Asset Income Fund | 0.95% | 10/31/16 |
