0000811860-17-000050 Sample Contracts

Expense Limitation and Fee Waiver Agreement
Saturna Investment Trust • June 2nd, 2017

By memo dated March 15, 2017, Saturna Capital Corporation notified the Board that it would continue subsidizing certain Sextant Funds and Sustainable Funds by waiving its management fee and, to the extent necessary, reimburse expenses, to limit the total net annual operating expenses (excluding taxes, commissions, and extraordinary expenses) of each of those funds, effective on the ending of the Rule 12b-1 annual fees charged to the funds (expected June 2, 2017, the "End 12b-1 Date") through March 31, 2018 (the "End Waiver Date"). Saturna hereby agrees to extend the End Waiver Date for the Funds listed below from March 31, 2018 to June 2, 2018.

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