0001398344-19-003610 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • February 28th, 2019 • Centaur Mutual Funds Trust • Ohio

This Agreement, dated February 1, 2019 is between Centaur Mutual Funds Trust (the “Trust”), a Delaware statutory trust, DCM Advisors, LLC (the “Advisor”), a limited liability company organized under the laws of the State of Delaware, and Ultimus Fund Distributors, LLC (“Distributor”), a limited liability company organized under the laws of the State of Ohio.

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COMPLIANCE CONSULTING AGREEMENT
Compliance Consulting Agreement • February 28th, 2019 • Centaur Mutual Funds Trust • Ohio

THIS AGREEMENT, dated November 16, 2018 is between Centaur Mutual Funds Trust (the “Trust”), a Delaware statutory trust, and Ultimus Fund Solutions, LLC (“Ultimus”), a limited liability company organized under the laws of the State of Ohio.

INTERIM EXPENSE LIMITATION AGREEMENT
Interim Expense Limitation Agreement • February 28th, 2019 • Centaur Mutual Funds Trust • Delaware

This Interim Expense Limitation Agreement (the “Agreement”) is made and entered into effective as of November 1, 2018, by and between the Centaur Total Return Fund (formerly known as the Tilson Dividend Fund) (the “Fund”), a series of shares of the Centaur Mutual Funds Trust (formerly known as the Tilson Investment Trust), a Delaware statutory trust (the “Trust”), and DCM Advisors, LLC a Delaware limited liability company (the “Advisor”).

INTERIM INVESTMENT ADVISORY AGREEMENT
Interim Investment Advisory Agreement • February 28th, 2019 • Centaur Mutual Funds Trust • Delaware

This Interim Investment Advisory Agreement (“Agreement”) is made and entered into as of November 1, 2018, by and between the Centaur Mutual Funds Trust (formerly known as the Tilson Investment Trust), a Delaware statutory trust (the “Trust”), on behalf of the Centaur Total Return Fund (formerly known as the Tilson Dividend Fund), a series of shares of the Trust (the “Fund”), and DCM Advisors, LLC, a Delaware limited liability company (hereinafter referred to as “Advisor”).

Amendment to Fund Accounting Addendum For Centaur Mutual Funds Trust
Fund Accounting Addendum • February 28th, 2019 • Centaur Mutual Funds Trust

This Amendment (the “Amendment”) dated September 12, 2018, amends and revises the Fund Accounting Addendum (the “Addendum”) to the Master Services Agreement, dated October 31, 2016 (the “Agreement”) between Centaur Mutual Funds Trust, a Delaware statutory trust (the “Trust”) and Ultimus Fund Solutions, LLC, a limited liability company organized under the laws of the State of Ohio (“Ultimus” and collectively with the Trust, the “Parties”).

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