0001531758-14-000004 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • August 28th, 2014 • Wakefield Alternative Series Trust • Ohio

The Trust has been organized to engage in the business of an open-end management investment company. The Trust currently offers a single series of shares to investors and may offer additional series.

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WAKEFIELD ALTERNATIVE SERIES TRUST SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • August 28th, 2014 • Wakefield Alternative Series Trust • New York

SUB-ADVISORY AGREEMENT, dated as of June 19, 2014, between Wakefield Advisors, LLC (the "Adviser"), and Clinton Group, Inc. (the "Sub-Adviser").

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