INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • March 18th, 2009 • American Pension Investors Trust • Virginia
AGREEMENT made as of March 17, 2009, between American Pension Investors Trust (“Trust”), a Massachusetts business trust registered with the Securities and Exchange Commission as an open-end, management investment company under the Investment Company Act of 1940, as amended (“1940 Act”), on behalf of the API Master Allocation Fund (the “Fund”), and Yorktown Management & Research Company, Inc. (“Yorktown”), a Maryland corporation registered as an investment adviser under the Investment Advisers Act of 1940, as amended.
APPENDIX B CUSTODY AGREEMENTCustody Agreement • March 18th, 2009 • American Pension Investors Trust
The following portfolios (“Funds”) are hereby made parties to the Custody Agreement dated March 17, 2009, with UMB Bank, n.a. (“Custodian”) and American Pension Investors Trust, and agree to be bound by all the terms and conditions contained in said Agreement:
ADMINISTRATIVE SERVICES AGREEMENTAdministrative Services Agreement • March 18th, 2009 • American Pension Investors Trust • Virginia
This ADMINISTRATIVE SERVICES AGREEMENT (the “Agreement”) is made as of this 17th day of March, 2009 by and between American Pension Investors Trust (the “Trust”), a Massachusetts business trust, and Yorktown Management & Research Company, Inc. (“Yorktown”), a Maryland corporation.
