0001496688-11-000260 Sample Contracts

SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • September 26th, 2011 • Academy Funds Trust • Delaware

AGREEMENT made as of the [ ] by and between Innovator Management LLC, a Delaware corporation (the “Advisor”), and Trust & Fiduciary Management Services, Inc., a Massachusetts Corporation (the “Sub-Advisor”).

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • September 26th, 2011 • Academy Funds Trust

THIS AGREEMENT, made by and between Academy Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of the Innovator Flex Income Fund, (the “Fund”) and Innovator Management, LLC, a Delaware limited liability company (the “Advisor”).

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