0001104659-20-130158 Sample Contracts

RE: Expense Limit Agreement – FPA Queens Road Small Cap Value Fund
Bragg Capital Trust • November 30th, 2020 • California

FPA Queens Road Small Cap Value Fund, a series of the Bragg Capital 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”).

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INVESTMENT SUB-ADVISORY AGREEMENT AMONG First Pacific Advisors, LP, Bragg Financial Advisors, Inc. AND Bragg Capital TRUST
Sub-Advisory Agreement • November 30th, 2020 • Bragg Capital Trust • California

THIS AGREEMENT, made as of this 1st day of November, 2020 by and among Bragg Capital Trust (“Trust”), a Delaware business trust, on behalf of the series of the Trust listed in Schedule A (each a “Fund” and collectively, the “Funds”), First Pacific Advisors, LP (“Adviser”), a Delaware partnership, and Bragg Financial Advisors, Inc. (“Sub-Adviser”), a North Carolina Corporation.

BRAGG CAPITAL TRUST UNIFIED INVESTMENT ADVISORY AGREEMENT
Unified Investment Advisory Agreement • November 30th, 2020 • Bragg Capital Trust • California

THIS UNIFIED INVESTMENT ADVISORY AGREEMENT (this “Agreement”) is made as of November 1, 2020 by and between the Bragg Capital Trust, a Delaware business trust (the “Trust”), on behalf of the series of the Trust listed in Appendix A (the “Funds”), which Appendix may be amended from time to time, and First Pacific Advisors, LP, a Delaware limited partnership (the “Adviser”).

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