0001413042-18-000176 Sample Contracts

MANAGEMENT AGREEMENT CARGILE FUND
Management Agreement • July 9th, 2018 • PFS Funds • Massachusetts

The Trust has been organized to engage in the business of an open-end management investment company. You, Cargile Investment Management, Inc. (“Adviser,” “you” and “your”) have been selected to act as the sole investment manager of Cargile 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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SERVICES AGREEMENT CARGILE FUND
Services Agreement Cargile Fund • July 9th, 2018 • PFS Funds • Massachusetts

AGREEMENT dated as of June 29, 2018, between PFS Funds (the “Trust”), a Massachusetts business trust, and Cargile Investment Management, Inc. (the “Adviser”), a Texas Corporation.

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