0001193125-14-391614 Sample Contracts

INVESTMENT MANAGEMENT AGREEMENT SALIENT BROADMARK TACTICAL PLUS FUND
Investment Management Agreement • October 31st, 2014 • Salient MF Trust • Delaware

AGREEMENT, made as of , 2014 between Salient MF Trust (the “Trust”), a Delaware statutory trust, on behalf of its series Salient Broadmark Tactical Plus Fund (the “Fund”), and Salient Advisors, L.P., a Texas limited partnership (the “Advisor”).

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SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • October 31st, 2014 • Salient MF Trust • Delaware

THIS SUB-ADVISORY AGREEMENT is dated as of the day of , 2014, between Salient Advisors, L.P., a Texas limited partnership (herein called the “Investment Adviser”), and Broadmark Asset Management LLC, a Delaware limited liability company (herein called the “Sub-Adviser”).

SALIENT ADVISORS, L.P.
Expense Limitation Agreement • October 31st, 2014 • Salient MF Trust

With reference to the Investment Management Agreement entered into by Salient Advisors, L.P. (the “Advisor”) with Salient MF Trust (the “Trust”), on behalf of its series Salient Broadmark Tactical Plus Fund (the “Fund”) on the [ ] day of [ ] 2014, we hereby notify you as follows:

THIRD AMENDMENT TO SALIENT MF TRUST DISTRIBUTION AGREEMENT
Distribution Agreement • October 31st, 2014 • Salient MF Trust

This Third Amendment (the “Amendment”) to the Distribution Agreement (the “Agreement”) dated May 31, 2012, as amended from time to time, by and between Salient MF Trust (the “Client”) and Foreside Fund Services, LLC (the “Distributor”) is hereby entered into as of (the “Effective Date”).

SALIENT ADVISORS, L.P.
Expense Limitation Agreement • October 31st, 2014 • Salient MF Trust

With reference to the Investment Management Agreement entered into by Salient Advisors, L.P. (the “Advisor”) with Salient MF Trust (the “Trust”), on behalf of its series Salient Broadmark Tactical Plus Fund (the “Fund”) on the [ ] day of [ ] 2014, we hereby notify you as follows:

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