Redacted

Fee Schedule has been excluded because it is both (1) not material and (2) would likely cause competitive harm to the registrant if publicly disclosed

COOK & BYNUM FUNDS TRUST FOURTH AMENDMENT TO THE

TRANSFER AGENT SERVICING AGREEMENT

THIS AMENDMENT (this "Amendment") to the Transfer Agent Servicing Agreement, dated as of May 2, 2012, as amended (the "Agreement"), is entered into as of the latest date on the signature page, by and between COOK & BYNUM FUNDS TRUST, a Delaware trust (the "Trust"), and U.S. BANCORP FUNDS SERVICES, LLC, a Wisconsin limited liability company ("USBFS").

RECITALS

WHEREAS, the parties have entered into the Agreement; and

WHEREAS, the parties desire to amend the term of the Agreement; and

WHEREAS, the parties desire to amend the fee schedule of the agreement, effective as of October 1, 2021 through September 30, 2024; and

WHEREAS, Section 13 of the Agreement allows for its amendment by a written instrument executed by all parties, and authorized or approved by the board of trustees of the Trust (the "Board of Trustees").

NOW, THEREFORE, the parties agree as follows:

I. Section 13. "Term of Agreement; Amendment" is hereby superseded and replaced with the following:

13. Term of Agreement; Amendment

This Agreement shall continue until September 30, 2024. This Agreement may be terminated by either party upon giving 90 days prior written notice to the other party or such shorter period as is mutually agreed upon by the parties. Notwithstanding the foregoing, this Agreement may be terminated by any party upon the breach of the other party of any material term of this Agreement if such breach is not cured within 15 days of notice of such breach to the breaching party. This Agreement may not be amended or modified in any manner except by written agreement executed by USBFS and the Trust and authorized or approved by the Board of Trustees. The provisions of this Section 13 shall also apply to Exhibit C.

2. Amended Exhibit D, effective until September 30, 2024, of the Agreement is hereby superseded and replaced effective as of October 1, 2021, with the Amended Exhibit D attached hereto.

Except to the extent amended hereby, the Agreement shall remain in full force and effect.

(Signatures on the following page]

3

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by a duly authorized officer on one or more counterparts as of the date first above written.

U.S. BANCORP FUND SERVICES, LLC

By: /s/Michael D. Barolsky

Name: Michael D. Barolsky

Title: Senior Vice President

Date: 8/19/2021

COOK & BYNUM FUNDS TRUST

By: /s/Richard Cook

Amended Exhibit D to the Transfer Agent Servicing Agreement - Cook & Bynum Funds Trust

Transfer Agent, Shareholder & Account Services Fee Schedule, Effective 10/01/2021

Annual Service Charges to the Fund*

■$[ ] for each CUSIP in Fund Complex - Base Fee per CUSIP

■$[ ] per open ML0 account

■$[ ] per open ML3 account

■$[ ] per closed account - Closed (zero balance) Accounts

■$[ ] per open account - Daily Accrual Fund Accounts

Annual Basis Point Fee per Fund Complex

Basis points

[ ] on the first $[ ] million

[ ] on the balance

Services Included in Annual Basis Point Fee

■Telephone Calls

■Voice Response Calls

■Manual Shareholder Transaction & Correspondence

■Omnibus Account Transaction

■Daily Valuation/Manual 401k Trade

■NSCC System Interface

■Short-Term Trader Reporting - Software application used to track and/or assess transaction fees that are determined to be short-term trades.

■Excessive Trader - Software application that monitors the number of trades (exchanges, redemptions) that meet fund family criteria for excessive trading and automatically prevents trades in excess of the fund family parameters.

■12b-1 Aging - Aging shareholder account share lots in order to monitor and begin assessing 12b-1 fees after a certain share lot age.

■Cost Basis Reporting

■Disaster Recover Fees

Chief Compliance Officer Support Fee

■$[ ] per year

Miscellaneous Expenses

All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred:

Telephone toll-free lines, mailing, sorting and postage, stationery, envelopes, service/data conversion, AML verification services, special reports, record retention, lost shareholder search, disaster recovery charges, ACH fees, Fed wire charges, NSCC activity charges, DST charges, shareholder/dealer print out (daily confirms, investor statements, tax, check printing and writing and commissions), voice response (VRU) maintenance and development, data communication and implementation charges, specialized programming, omnibus conversions, travel, excess history, FATCA and other compliance mailings, electronic document archiving.

Additional Services

Additional services not included above shall be mutually agreed upon at the time of the service being added. Digital Investor shareholder e-commerce, FAN Mail electronic data delivery, Vision intermediary e-commerce, client Web data access, recordkeeping application access, programming charges, cost basis reporting, investor email services, dealer reclaim services, literature fulfillment, money market fund service organizations, charges paid by investors, physical certificate processing, CUSIP setup, CTI reporting, sales reporting & Rule 22c-2 reporting (MARS), electronic statements (Informa), EConnect Delivery, Shareholder Call review analysis, statement support, dealer/fund merger events, NAV reprocessing, voluntary state withholdings and additional services mutually agreed upon.

In addition to the fees described above, additional fees may be charged to the extent that changes to applicable laws, rules or regulations require additional work or expenses related to services provided (e.g., compliance with new liquidity risk management and reporting requirements).

*Subject to annual CPI increase-All Urban Consumers - U.S. City Average" index, provided that the CPI adjustment will not decrease the base fees (even if the cumulative CPI rate at any point in time is negative).Fees are calculated pro rata and billed monthly.

The monthly fee for an open account shall be charged in the month during which an account is opened through the month in which such account is closed. The monthly fee for a closed account shall be charged in the month following the month during which such account is closed.