0001111830-14-000926 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 19th, 2014 • WST Investment Trust • Delaware

This Agreement is made and entered into effective as of July 15, 2014, by and between the WST Investment Trust, a Delaware statutory trust (the “Trust”) on behalf of the WST Asset Manager – U.S. Bond Fund, a series of shares of the Trust (the “Fund”), and Wilbanks, Smith & Thomas Asset Management, LLC, a Virginia limited liability company (the “Adviser”).

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EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • December 19th, 2014 • WST Investment Trust

This Agreement is effective as of July 15, 2014, by and between the WST Asset Manager – U.S. Bond Fund (the “Fund”), a series of shares of the WST Investment Trust, a Delaware statutory trust (the “Trust”) and Wilbanks, Smith & Thomas Asset Management, LLC, a Virginia limited liability company (the “Adviser”).

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