SERVICES AGREEMENTServices Agreement • May 31st, 2011 • PFS Funds • Massachusetts
AGREEMENT dated as of May 27 , 2011, between PFS Funds (the “Trust”), a Massachusetts business trust, and HNP Capital Fund Management Group, LLC (the “Adviser”), a Delaware Limited Liability Company.
MANAGEMENT AGREEMENTManagement Agreement • May 31st, 2011 • PFS Funds • Massachusetts
The Trust has been organized to engage in the business of an open-end management investment company. You have been selected to act as the sole investment manager of the HNP Growth and Preservation Fund (the “Fund”) and to provide certain other services, as more fully set forth below, and you are willing to act as such investment manager and to perform such services under the terms and conditions hereinafter set forth. Accordingly, the Trust agrees with you as follows effective upon the date of the execution of this Agreement.
