0001580642-16-011447 Sample Contracts

SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • October 5th, 2016 • Mutual Fund & Variable Insurance Trust • New York

WHEREAS, the Adviser acts as an investment adviser to series of the Mutual Fund and Variable Insurance Trust, a Delaware statutory trust (the "Trust"), pursuant to a Management Agreement dated as of January 1, 2016 (the "Management Agreement");

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MANAGEMENT AGREEMENT
Management Agreement • October 5th, 2016 • Mutual Fund & Variable Insurance Trust • New York

The Company is a Cayman Islands exempted company and is a wholly-owned subsidiary of the Rational Dynamic Momentum Fund (the “Fund”), a series of the Mutual Fund and Variable Insurance Trust (the “Trust”). The purpose of the Company is to facilitate the implementation of the Fund’s investment strategies, in particular with respect to investments in commodity futures and other commodity-related derivatives instruments.

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