0001193125-13-187566 Sample Contracts

SALIENT ADVISORS, L.P.
Salient MF Trust • April 30th, 2013

With reference to the Investment Management Agreement entered into by Salient Capital Advisors, LLC (the “Advisor”) with Salient MF Trust (the “Trust”), on behalf of its series Salient Trend Fund (the “Fund”) on the 16th day of April 2013, we hereby notify you as follows:

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SALIENT ADVISORS, L.P.
Salient MF Trust • April 30th, 2013

With reference to the Investment Management Agreement entered into by Salient Capital Advisors, LLC (the “Advisor”) with Salient MF Trust (the “Trust”), on behalf of its series Salient Global Equity Fund (the “Fund”) on the 16th day of April 2013, we hereby notify you as follows:

JOINDER AND AMENDMENT TO ADMINISTRATION AGREEMENT
Administration Agreement • April 30th, 2013 • Salient MF Trust

JOINDER AND AMENDMENT made as of the 19th day of February, 2013 between CITI FUND SERVICES OHIO, INC., (“Citi”), an Ohio corporation having its principal place of business at 3435 Stelzer Road, Columbus, Ohio 43219, CITIBANK, N.A., a national banking association acting through its offices located in New York, New York (“Citibank”), and SALIENT MF TRUST, on behalf of each of its series (a “Series”), whether currently in existence or created in the future and any wholly-owned subsidiaries (each, a “Blocker”), whether currently in existence or created in the future, to that certain Administration Agreement, dated as of July 9, 2012, between the Fund and Citi (as amended and as in effect on the date hereof, the “Agreement”). All capitalized terms used but not defined herein shall have the meanings given to them in the Agreement.

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