0001108086-12-000103 Sample Contracts

INVESTMENT ADVISORY AGREEMENT Perkins Discovery Fund
Investment Advisory Agreement • August 17th, 2012 • World Funds Trust • Delaware

THIS INVESTMENT ADVISORY AGREEMENT is made as of the ____ day of September, 2012 by and between the World Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of the Trust’s Perkins Discovery Fund series (the “Fund”) and Perkins Capital Management, Inc. (the “Advisor”).

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APPENDIX B CUSTODY AGREEMENT
Appendix B • August 17th, 2012 • World Funds Trust

The following portfolios ("Funds") are hereby made parties to the Custody Agreement dated July 30, 2008, with UMB Bank, n.a. ("Custodian") and World Funds Trust, and agree to be bound by all the terms and conditions contained in said Agreement:

OPERATING EXPENSE LIMITATION AGREEMENT WORLD FUNDS TRUST Perkins Discovery Fund
Operating Expense Limitation Agreement • August 17th, 2012 • World Funds Trust • Delaware

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of the ____ day of September 2012, by and between the World Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of the Perkins Discovery Fund (the “Fund”), a series of the Trust, and the Advisor of the Fund, Perkins Capital Management, Inc. (the “Advisor”).

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