0001144204-07-011225 Sample Contracts

ADDENDUM TO EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • March 5th, 2007 • Schwartz Investment Trust

Addendum dated January 12, 2007 to the Expense Limitation Agreement (the “Agreement”) between Schwartz Investment Trust (the “Trust”), on behalf of the Ave Maria Rising Dividend Fund (the “Fund”), and Schwartz Investment Counsel, Inc. (the “Adviser”).

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