0001413042-14-000067 Sample Contracts

MANAGEMENT AGREEMENT NWM MOMENTUM FUND
Management Agreement • March 31st, 2014 • PFS Funds • Massachusetts

The Trust has been organized to engage in the business of an open-end management investment company. You, NWM Fund Group, LLC (“Adviser,” “you” and “your”) have been selected to act as the sole investment manager of the NWM Momentum 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.

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AMENDED AND RESTATED FUND ADMINISTRATION SERVICING AGREEMENT
Fund Administration Servicing Agreement • March 31st, 2014 • PFS Funds • California

THIS AGREEMENT is made and entered into as of March 5, 2014, by and among PFS Funds, a Massachusetts business trust (hereinafter referred to as the "Trust") and Premier Fund Solutions, Inc., a corporation organized under the laws of the State of California (hereinafter referred to as "PFS").

SERVICES AGREEMENT NWM MOMENTUM FUND
Services Agreement NWM Momentum Fund • March 31st, 2014 • PFS Funds • Massachusetts

AGREEMENT dated as of March 25, 2014, between PFS Funds (the “Trust”), a Massachusetts business trust, and NWM Fund Group, LLC (the “Adviser”), a California Limited Liability Company.

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