0001398344-19-017309 Sample Contracts

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • October 1st, 2019 • WST Investment Trust

This Agreement is effective as of December 31, 2016, by and between the WSTCM Global Allocation Risk-Managed Fund (formerly known as WSTCM Sector Select Risk- Managed Fund) (the “Fund”), a series of shares of the WST Investment Trust, a Delaware statutory trust (the “Trust”) and Wilbanks, Smith & Thomas Asset Management, LLC, a Virginia limited liability company (the “Adviser”).

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