0001206774-08-000815 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 18th, 2008 • American Independence Funds Trust • Delaware

AGREEMENT made as of this 11th day of November, 2005 and amended on December 15, 2006 and February 22, 2008 between American Independence Financial Services, LLC, a limited liability company organized under the laws of the State of Delaware(the "Adviser"), and American Independence Funds Trust, a business trust organized under the laws of the State of Delaware (the "Trust").

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INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • April 18th, 2008 • American Independence Funds Trust

AGREEMENT made this 18th day of April, 2008 by and between American Independence Financial Services, LLC (the "Adviser"), and FISCHER FRANCIS TREES & WATTS, INC. (“FFTW (NY)”), a New York corporation and three of its affiliates, FISCHER FRANCIS TREES & WATTS (“FFTW (UK)”), a corporate partnership organized under the laws of the United Kingdom, FISCHER FRANCIS TREES & WATTS, PTE LTD (“FFTW (Singapore)”), a Singapore corporation, and FISCHER FRANCIS TREES & WATTS, LTD KABUSHIKI KAISHA (“FFTW (Japan)”), a Japanese corporation (the “Agreement”) (collectively referred to as the “Sub-Adviser");

DISTRIBUTION AGREEMENT
Distribution Agreement • April 18th, 2008 • American Independence Funds Trust • New York

AGREEMENT made as of August 1, 2007 between American Independence Funds Trust (the “Trust”), having an office at 335 Madison Avenue, Mezzanine, New York, NY 10017, and Foreside Distribution Services, L.P. (“Distributor”), having an office at 100 Summer Street, Boston, Massachusetts 02110.

AGREEMENT AND PLAN OF REORGANIZATION
Agreement and Plan of Reorganization • April 18th, 2008 • American Independence Funds Trust • Delaware

THIS AGREEMENT AND PLAN OF REORGANIZATION (the “Agreement”) is made as of the __ day of _______ 2008, by and between American Independence Funds Trust, a Delaware business trust (the “Acquiring Trust”), on behalf of the International Bond Fund, Ultra Short Bond Fund, Short-Term Bond Fund, Global Inflation-Indexed Hedged Fund and U.S. Inflation-Indexed Fund (the “Acquiring Funds”), with its principal place of business at 335 Madison Avenue, Mezzanine, New York, NY 10017, and FFTW Funds, Inc., a Maryland corporation (“FFTW Funds”), on behalf of the U.S. Short-Term Portfolio, the Limited Duration Portfolio, the International Portfolio, the U.S. Inflation-Indexed Portfolio and the Global Inflation-Indexed Hedged Portfolio (the “Acquired Funds”), with its principal place of business at 200 Park Avenue, 46th Floor, New York, NY 10166. The Acquiring Funds and the Acquired Funds are sometimes referred to collectively herein as the “Funds” and individually as a “Fund.”

AMERICAN INDEPENDENCE FUNDS TRUST CLASS A DISTRIBUTION PLAN AND AGREEMENT
Distribution Plan and Agreement • April 18th, 2008 • American Independence Funds Trust

This Plan and Agreement (the "Plan") constitutes the Distribution Plan for the Class A shares of the portfolio series (each a "Fund" and collectively the "Funds") of American Independence Funds Trust, a Delaware business trust (the "Trust"), adopted pursuant to the provisions of Rule 12b-1 under the Investment Company Act of 1940 (the "Act") and the related agreement between the Trust and BISYS Fund Distributor (the "Distributor"). During the effective term of this Plan, the Fund may incur expenses primarily intended to result in the sale of its Class A shares upon the terms and conditions hereinafter set forth:

ACCOUNTING SERVICES AGREEMENT
Accounting Services Agreement • April 18th, 2008 • American Independence Funds Trust • New York

AGREEMENT dated as of October 29, 2007 between American Independence Funds Trust (the “Trust”), a Delaware statutory trust, and JPMorgan Chase Bank, N.A. (“JPMorgan”), a Delaware corporation.

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