0001398344-16-015631 Sample Contracts

FORM OF INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • July 27th, 2016 • SCM Trust

THIS INVESTMENT ADVISORY AGREEMENT is made this XX/XX/2016 (this “Agreement”), by and between SCM Trust, a Massachusetts statutory trust (the “Trust”), on behalf of the series of the Trust identified herein, and CCM Partners, dba Shelton Capital Management, a limited partnership organized and existing under the laws of the State of California (the “Advisor”).

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SCM TRUST FORM OF EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • July 27th, 2016 • SCM Trust • Massachusetts

This Expense Limitation Agreement (this “Agreement”) is by and between CCM Patners, LLP, dba Shelton Capital Management (the “Advisor”) and SCM Trust (the “Trust”), on behalf of each series of the Trust set forth in Schedule A attached hereto (each, a “Fund,” and, collectively, the “Funds”).

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