0001398344-17-009237 Sample Contracts

SECOND AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • July 28th, 2017 • Piedmont Investment Trust

This Second Amended and Restated Agreement (the "Agreement") is made and entered into effective as of May 19, 2011 by and between The Piedmont Select Equity Fund (the "Fund"), a series of shares of The Piedmont Investment Trust, a Delaware statutory trust (the "Trust") and Sheets, Smith Wealth Management, Inc., an North Carolina limited partnership (the "Advisor").

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