0001398344-22-019666 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 3rd, 2022 • Horizon Funds • Delaware

This Agreement is made and entered into effective as of ________, 2022, by and between Horizon Funds, a Delaware statutory trust (the “Trust”), on behalf of Horizon U.S. Defensive Small/Mid Cap 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 EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • October 3rd, 2022 • Horizon Funds

This Expense Limitation Agreement is into effective as of ______, 2022, by and between Horizon Funds, a Delaware statutory trust (the “Trust”), on behalf of Horizon U.S. Defensive Small/Mid Cap 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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