0001413042-16-000492 Sample Contracts

AMENDMENT NO. 1 TO THE INVESTMENT SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • July 29th, 2016 • PFS Funds

This Amendment No. 1 is made to the Investment Sub-Advisory Agreement between Castle Investment Management, LLC (the “Advisor”) and St. James Investment Company, LLC (the “Sub-Advisor”) on behalf of the Castle Focus Fund and shall become effective as of June 30, 2016. It is mutually understood and agreed by and between the undersigned parties to amend Schedule A of the Investment Sub-Advisory Agreement to read as follows:

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