0001104659-18-075294 Sample Contracts

FPA FLEXIBLE FIXED INCOME FUND INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 31st, 2018 • Fpa Funds Trust • California

THIS INVESTMENT ADVISORY AGREEMENT (this “Agreement”) is made as of December 31, 2018 by and between FPA Flexible Fixed Income Fund (the “Fund”), a series of the FPA Funds Trust, a Delaware statutory trust (the “Trust”), and First Pacific Advisors, LP, a Delaware limited partnership (the “Adviser”).

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December 31, 2018 FPA Flexible Fixed Income Fund 11601 Wilshire Blvd., Ste. 1200 Los Angeles, CA 90025 RE: Expense Limit Agreement — FPA Flexible Fixed Income Fund Dear Ladies and Gentlemen:
Expense Limit Agreement • December 31st, 2018 • Fpa Funds Trust

FPA Flexible Fixed Income Fund, a series of the FPA Funds Trust, (the “Fund”), a Delaware business trust, has entered into an agreement with First Pacific Advisors, LP (“Adviser”) whereby Adviser provides investment advisory services to the Fund (the “Investment Advisory Agreement”).

AMENDMENT AGREEMENT
Amendment Agreement • December 31st, 2018 • Fpa Funds Trust • Wisconsin

THIS AMENDMENT AGREEMENT (this “Amendment”) is effective as of this 1st day of January, 2019, by and between FPA Funds Trust, a Massachusetts business trust (the “Trust”), each of the separate investment funds listed on Appendix D hereto (the “Funds”), First Pacific Advisors, LP (f/k/a First Pacific Advisors, LLC), a Delaware limited partnership (the “Advisor”), UMB Fund Services, Inc., a Wisconsin corporation (“UMBFS”), UMB Distribution Services, LLC, a Wisconsin limited liability company (“UMBDS”) and UMB Bank, N.A., a national banking Association (the “Bank”).

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