0001111830-12-000116 Sample Contracts

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FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • February 28th, 2012 • TFS Capital Investment Trust

WHEREAS, TFS Capital Investment Trust, an Ohio business trust (the “Trust”) and TFS Capital LLC (the “Adviser”), have entered into a Investment Advisory Agreement, on behalf of TFS Market Neutral Fund, as of June 23, 2004 (the “Agreement”);

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