INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • December 30th, 2016 • TFS Capital Investment Trust • Ohio
Contract Type FiledDecember 30th, 2016 Company JurisdictionTHIS AGREEMENT made as of the 30 day of June, 2016 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.