0001162044-11-000305 Sample Contracts

EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT

Expense Limitation and Reimbursement Agreement • April 20th, 2011 • Philadelphia Investment Partners New Generation Fund • Delaware

• Contract Type
  Expense Limitation and Reimbursement Agreement
• Filed
  April 20th, 2011
• Company
  Philadelphia Investment Partners New Generation Fund
• Jurisdiction
  Delaware

This EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT (the “Agreement”) is made as of this 21st day of September, 2010 by and between Philadelphia Investment Partners New Generation Fund, a Delaware statutory trust (the “Trust”), and Philadelphia Investment Partners, LLC, a New Jersey Limited Liability Corporation (the “Investment Adviser”).