0000910472-06-000345 Sample Contracts

RALPH PARKS PORTFOLIOS TRUST OPERATING EXPENSES LIMITATION AGREEMENT RALPH PARKS CYCLICAL EQUITY FUND
Operating Expenses Limitation Agreement • August 28th, 2006 • Ralph Parks Portfolios Trust • New York

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the 1st day of June, 2006, by and between RALPH PARKS PORTFOLIOS TRUST, a Delaware business trust (the “Trust”), on behalf of the Ralph Parks Cyclical Equity Fund (the “Fund”), a series of the Trust and the Advisor of such Fund, Ralph Parks Investment Group, LLC (the “Advisor”).

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