0001387131-20-000581 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • January 28th, 2020 • World Funds Trust • Delaware

THIS INVESTMENT ADVISORY AGREEMENT (the “Agreement”) is made by and between World Funds Trust (the “Trust”), a Delaware statutory trust registered as an investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and Clifford Capital Partners, LLC (the “Adviser”), an Illinois limited liability company with its principal place of business in Alpine, Utah. This Agreement is made effective as to each Fund (defined below) as of the date set forth on the set of schedules to this Agreement identified as “Schedule A” and then numerically designated (e.g., Schedule A-1) attached hereto as of the “Effective Date” noted on each Schedule A with respect to each of the Funds.

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Commonwealth Fund Services, Inc. AMENDED FUND SERVICES AGREEMENT
Fund Services Agreement • January 28th, 2020 • World Funds Trust • Virginia

AGREEMENT (this “Agreement”), dated as of December 1, 2015, between Commonwealth Fund Services, Inc., a corporation organized in accordance with the laws of the Commonwealth of Virginia (“CFS”) and World Funds Trust, a statutory trust organized and existing under the laws of the State of Delaware (the “Trust”).

WORLD FUNDS TRUST EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • January 28th, 2020 • World Funds Trust

EXPENSE LIMITATION AGREEMENT, effective as of the dates set forth on Schedule A by and between Applied Finance Advisors, LLC (the “Adviser”) and World Funds Trust (the “Trust”) (“Agreement”), on behalf of the series of the Trust set forth in Schedule A attached hereto (each a “Fund,” and collectively, the “Funds”).

PRINCIPAL UNDERWRITER AGREEMENT
Principal Underwriter Agreement • January 28th, 2020 • World Funds Trust • Delaware

THIS AGREEMENT, dated as of August 31, 2019, by and between the World Funds Trust, an open-end management investment company (the “Trust”), and First Dominion Capital Corp., a Virginia corporation (“FDCC”),

Commonwealth Fund Services, Inc. FUND SERVICES AGREEMENT
Fund Services Agreement • January 28th, 2020 • World Funds Trust • Virginia

AGREEMENT (this “Agreement”), dated as of August 29, 2019, between Commonwealth Fund Services, Inc., a corporation organized in accordance with the laws of the Commonwealth of Virginia (“CFS”) and World Funds Trust, a statutory trust organized and existing under the laws of the State of Delaware (the “Trust”).

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