0001324443-14-000080 Sample Contracts

CUSTODY AGREEMENT Dated September 20, 2013 Between UMB BANK, N.A. and AMERICAN INDEPENDENCE FUNDS TRUST
Custody Agreement • August 15th, 2014 • American Independence Funds Trust

This agreement made as of the date first set forth above between UMB Bank, n.a., a national banking association with its principal place of business located in Kansas City, Missouri (hereinafter "Custodian"), and each of the Funds listed on Appendix B hereof, together with such additional Funds which shall be made parties to this Agreement by the execution of Appendix B hereto (individually, a "Fund" and collectively, the "Funds").

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 15th, 2014 • American Independence Funds Trust • Delaware

AGREEMENT made as of this 23rd day of July 2010, 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“).

ADMINISTRATION AGREEMENT
Administration Agreement • August 15th, 2014 • American Independence Funds Trust • New York

THIS AGREEMENT is made as of this 14th day of November, 2005 as amended through March 21, 2014 by and between the American Independence Funds Trust (the “Trust”), a Delaware business trust having its principal place of business at 230 Park Avenue, Suite 534, New York, NY 10169, and American Independence Financial Services, LLC (“American Independence”), a limited liability company organized under the laws of the State of Delaware and having its principal place of business at 230 Park Avenue, Suite 534, New York, NY 10169.

FORM OF INVESTMENT SUB-ADVISORY AGREEMENT
Form of Investment Sub-Advisory Agreement • August 15th, 2014 • American Independence Funds Trust • New York

AGREEMENT made this _____ day of ______, 2014 by and between American Independence Financial Services, LLC (“Adviser”), and The Cambridge Strategy (Asset Management) Limited (“Sub-Adviser");

EXPENSE LIMITATION AGREEMENT AMERICAN INDEPENDENCE FUNDS TRUST
Expense Limitation Agreement • August 15th, 2014 • American Independence Funds Trust

EXPENSE LIMITATION AGREEMENT, effective as of March 1, 2014, by and between American Independence Financial Services, LLC (the “Investment Adviser”) and American Independence Funds Trust (the “Trust”), a Delaware business trust, on behalf of each of the funds, listed on Exhibit A (each, a “Fund”).

SHAREHOLDER SERVICES AGREEMENT
Shareholder Services Agreement • August 15th, 2014 • American Independence Funds Trust • New York

This Agreement is made as of June 22, 2012 between American Independence Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of each series set forth on Schedule A hereto, as amended from time to time (each, a “Fund”), and American Independence Financial Services, LLC, a Delaware limited liability company (the “Adviser”).

SHAREHOLDER SERVICES AGREEMENT
Shareholder Services Agreement • August 15th, 2014 • American Independence Funds Trust • New York

This Agreement is made as of ______________, 2014 amongst American Independence Funds Trust and American Independence Funds Trust II, each a Delaware statutory Trust (together the “Trusts”), on behalf of each series set forth on Schedule A hereto, as amended from time to time (each, a “Fund”), and ___________________________ (the “Service Provider”).

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