0001162044-12-000270 Sample Contracts

OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT COMPASS EMP FUNDS
Operating Expenses Limitation and Security Agreement • March 29th, 2012 • Mutual Fund Series Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 9th day of December, 2011, by and between MUTUAL FUND SERIES TRUST, an Ohio business trust (the “Trust”), on behalf of the Compass EMP Multi-Asset Balanced Fund, Compass EMP Multi-Asset Growth Fund and Compass EMP Alternative Strategies Fund (each a “Fund” and together the “Funds”), each a series of the Trust, and Compass Advisory Group, LLC (the “Advisor”), the advisor of the Funds.

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