0001398344-22-019425 Sample Contracts

HORIZON FUNDS AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • September 29th, 2022 • Horizon Funds

This Amended and Restated Expense Limitation Agreement is into effective as of October 1, 2022, by and between Horizon Funds, a Delaware statutory trust (the “Trust”), on behalf of Horizon ESG & Defensive Core Fund, a series of shares of the Trust (the “Fund”), and Horizon Investments, LLC, a South Carolina limited liability company (the “Adviser”).

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HORIZON FUNDS FIRST AMENDMENT TO THE ADVISORY AGREEMENT
Advisory Agreement • September 29th, 2022 • Horizon Funds

THIS FIRST AMENDMENT by and between Horizon Funds (the “Trust”), a Delaware statutory trust registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and Horizon Investments, LLC, a South Carolina limited liability company (the “Adviser”), for the Horizon ESG & Defensive Core Fund (the “Fund”), a series of the Trust, to the Investment Advisory Agreement, dated as of November 15, 2021 (the “Advisory Agreement”), is entered into as of the 1st day of October, 2022, by and between the Trust, on behalf of the Fund, and the Adviser.

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