0001111830-12-000400 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • June 28th, 2012 • TFS Capital Investment Trust • Virginia

THIS AGREEMENT made as of the 15th day of December, 2011 by and between TFS Capital LLC (the “Investment Adviser”), a Virginia Limited Liability Company, and TFS Capital Investment Trust (the “Trust”), an Ohio business trust.

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