0001324443-12-000018 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • February 29th, 2012 • American Independence Funds Trust • Delaware

AGREEMENT made as of this 14th day of November, 2005 and amended on June 17, 2011 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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MUTUAL FUND CUSTODY AND SERVICES AGREEMENT
Custody Agreement • February 29th, 2012 • American Independence Funds Trust • Pennsylvania
ADMINISTRATION AGREEMENT
Administration Agreement • February 29th, 2012 • American Independence Funds Trust • New York

THIS AGREEMENT is made as of this 14th day of November, 2005 as amended February 22, 2008,June 26, 2009, April 28, 2010 and June 17, 2011 by and between the American Independence Funds Trust (the "Trust"), a Delaware business trust having its principal place of business at 335 Madison Avenue, Mezzanine, New York, NY 10017, and American Independence Financial Services, LLC ("AIFS"), a limited liability company organized under the laws of the State of Delaware and having its principal place of business at 335 Madison Avenue, Mezzanine, New York, NY 10017.

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