0001398344-24-019834 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • November 1st, 2024 • Horizon Funds • Delaware

This Agreement is made and entered into effective as of [_____], 2024, by and between Horizon Funds, a Delaware statutory trust (the “Trust”), on behalf of Horizon Landmark Liquidity ETF, 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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FORM OF AUTHORIZED PARTICIPANT AGREEMENT HORIZON FUNDS
Authorized Participant Agreement • November 1st, 2024 • Horizon Funds • New York

This Authorized Participant Agreement (the “Agreement”) is entered into by and between Quasar Distributors, LLC (the “Distributor”) and __________ (the “Participant”) and is subject to acceptance by U.S. Bancorp Fund Services, LLC d/b/a U.S. Bank Global Fund Services (the “Index Receipt Agent”), and is further subject to acknowledgement and agreement by Horizon Funds (the “Trust”), a series trust offering a number of portfolios of securities (each a “Fund” and collectively the “Funds”), solely with respect to Sections 2(a), 4(c) and 12(c) herein. Capitalized terms used but not defined herein are defined in the current prospectus for each Fund as it may be supplemented or amended from time to time and included in the Trust’s Registration Statement on Form N-1A, as it may be amended from time to time, or otherwise filed with the U.S. Securities and Exchange Commission (“SEC”) (together with such Fund’s Statement of Additional Information incorporated therein, the “Prospectus”).

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • November 1st, 2024 • Horizon Funds • Delaware

THIS INVESTMENT SUB-ADVISORY AGREEMENT (this “Agreement”), is made effective as of the ____ day of ____________, 20___, by and among Horizon Funds (the “Trust”), on behalf of the Horizon Expedition Plus ETF (the “Fund”), Horizon Investments, LLC, a South Carolina limited liability company (the “Adviser”) and Exchange Traded Concepts, LLC, an Oklahoma limited liability company (the “Sub-Adviser”).

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