0001580642-22-005943 Sample Contracts

VELA FUNDS SECOND AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • November 29th, 2022 • VELA Funds • Delaware

This Second Amended and Restated Investment Advisory Agreement (the “Agreement”) is made and entered into as of this first day of October, 2022, by and between VELA Investment Management, LLC, a Delaware limited liability company (the “Adviser”), and VELA Funds, a Delaware statutory trust (the “Trust”), regarding each of the Fund(s) listed in Appendix A (the “Funds”).

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AMENDMENT NO. 1 TO CONSULTING AGREEMENT
Consulting Agreement • November 29th, 2022 • VELA Funds

effective as of August 19, 2021, by and among VELA Investment Management, LLC, a Delaware limited liability company (the “Adviser”), VELA Funds, a Delaware statutory trust (the “Trust”), and Northern Lights Compliance Services, LLC, a Nebraska limited liability company (“NLCS”).

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