SECOND AMENDMENT TO MASTER SERVICES AGREEMENT

SECOND AMENDMENT TO MASTER SERVICES AGREEMENT

THIS SECOND Amendment TO MASTER SERVICES AGREEMENT (this “Amendment”) is effective as of November 1, 2021, and is made by and among XXXX Investment Management, LLC (the “Adviser”), a Delaware limited liability company, XXXX Funds (the “Trust”), a Delaware statutory trust, and Ultimus Fund Solutions, LLC (“Ultimus”), a limited liability company organized under the laws of the state of Ohio.

WHEREAS, the Adviser, the Trust and Ultimus are parties to that certain Master Services Agreement dated September 22, 2020 by and among the Adviser, the Trust and Ultimus (the “Agreement”), including the Fund Administration Fee Letter attached thereto, as amended from time to time; and

WHEREAS, the Adviser, the Trust and Ultimus wish to remove certain fees relating to compliance and Chief Compliance Officer services referenced in the Fund Administration Fee Letter.

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements herein set forth, the parties hereto agree as follows:

1.       Amendments.

(a) Section 1.6 of the Fund Administration Fee Letter to the Agreement hereby is deleted.

2.       Miscellaneous.

(a)       Except as hereby amended, the Agreement shall remain in full force and effect, and capitalized terms used herein without definition shall have the meaning ascribed to them in the Agreement.

(b)       This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

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IN WITNESS WHEREOF, each party hereto has caused this Amendment to be executed by its duly authorized officer as of the date and year first above written.

	XXXX Investment Management, LLC			Ultimus Fund Solutions, LLC
By:	/s/ X X Xxxxxx		By:	/s/ Xxxxx Xxxxx
Name:	X X Xxxxxx		Name:	Xxxxx Xxxxx
Title:	Chief Executive Officer		Title:	Chief Legal Officer

	XXXX Funds on its own behalf and on behalf of the Funds
By:	/s/ Xxxxx Job
Name:	Xxxxx Job
Title:	President