0001398344-16-019774 Sample Contracts

FORM OF INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 20th, 2016 • SCM Trust • Delaware

AGREEMENT made as of __________, between FUNDVANTAGE TRUST, a Delaware Statutory Trust (herein called the “Trust”) on behalf of the series of the Trust set forth on Schedule A to this Agreement (each a “Fund,” and collectively, the “Funds”), and CCM PARTNERS LP, D/B/A SHELTON CAPITAL MANAGEMENT (herein called the “Investment Adviser”).

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 20th, 2016 • SCM Trust • Colorado

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”).

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • October 20th, 2016 • SCM Trust • Massachusetts

This Expense Limitation Agreement (this “Agreement”) is by and between CCM Partners, LLP, dba Shelton Capital Management (the “Advisor”) and SCM Trust (the “Trust”), on behalf of each series of the Trust (each, a “Fund,” and, collectively, the “Funds”).

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 20th, 2016 • SCM Trust • Delaware

AGREEMENT made as of July 1, 2016, between FUNDVANTAGE TRUST, a Delaware Statutory Trust (herein called the “Trust”) on behalf of the series of the Trust set forth on Schedule A to this Agreement (each a “Fund,” and collectively, the “Funds”), and CCM PARTNERS LP, D/B/A SHELTON CAPITAL MANAGEMENT (herein called the “Investment Adviser”).

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