0001193125-13-170308 Sample Contracts

EXPENSE LIMITATION AGREEMENT FOR THE TORRAY RESOLUTE FUND
Expense Limitation Agreement • April 24th, 2013 • Torray Fund

THIS AGREEMENT, dated as of January 1, 2012, is made and entered into by and between The Torray Fund, a Massachusetts business trust (the “Trust”), on behalf of its separate investment series set forth on Schedule A attached hereto (the “Fund”), and Torray LLC (the “Manager”).

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