0000894189-09-002153 Sample Contracts

EXPENSE WAIVER AND REIMBURSEMENT AGREEMENT
Expense Waiver And • July 23rd, 2009 • Usa Mutuals

AGREEMENT made this 31st day of July, 2009, between USA MUTUALS, a Delaware statutory trust (the “Trust”), on behalf of each series of the Trust (each, a Fund,” and collectively, the “Funds”), and Mutuals Advisors, Inc., a Texas Corporation (the “Advisor”).

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