0001398344-14-000161 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • January 9th, 2014 • BPV Family of Funds • Delaware

This Agreement is made and entered into effective as of [ ], 2014, by and between the BPV Family of Funds, a Delaware statutory trust (the “Trust”) on behalf of the BPV Large Cap Value Fund, a series of shares of the Trust (the “Fund”), and BPV Capital Management, LLC, a Delaware limited liability company (the “Adviser”).

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EXPENSE LIMITATION AGREEMENT BPV FAMILY OF FUNDS
Expense Limitation Agreement • January 9th, 2014 • BPV Family of Funds

This Agreement is into effective as of [ ], 2014, by and between the BPV Large Cap Value Fund (the “Fund”), a series of shares of the BPV Family of Funds, a Delaware statutory trust (the “Trust”) and BPV Capital Management, LLC, a Delaware limited liability company (the “Adviser”).

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • January 9th, 2014 • BPV Family of Funds • Delaware

This Agreement is made and entered into effective as of April [ ], 2014, by and between the BPV Family of Funds, a Delaware statutory trust (the “Trust”) on behalf of the BPV Large Cap Value Fund, a series of shares of the Trust (the “Fund”), BPV Capital Management, LLC, a Delaware limited liability company (the “Adviser”) and AJO, LP, a Delaware limited partnership (the “Sub-Adviser”).

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