FOURTH AMENDMENT (including Addendums) 

TO THE HORIZON FUNDS FUND ADMINISTRATION SERVICING AGREEMENT

THIS AMENDMENT dated as of the last date on the signature block to the Fund Administration Servicing Agreement, dated as of February 8, 2016 (the “Agreement”), is entered into by and between HORIZON FUNDS, a Delaware trust (the “Trust”) and U.S. BANCORP FUND SERVICES, LLC, d/b/a U.S. Bank Global Fund Services a Wisconsin limited liability company (“Fund Services”).

RECITALS

WHEREAS, the parties have entered into the Agreement; and

WHEREAS, the Trust desires to add funds to its series; and

WHEREAS, Section 11 of the Agreement allows for its amendment by a written instrument executed by both parties.

NOW, THEREFORE, the parties agree as follows:

The following funds are added to Amended Exhibit A: 

Horizon U.S. Risk Assist® Fund 

Horizon Multi-Asset Income Fund 

Horizon Sustainable Risk Assist® Fund

Amended Exhibit A is hereby superseded and replaced with Amended Exhibit A attached hereto.

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

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 last written below.

hoRIZON FUNDS	U.S. BANCORP FUND SERVICES, LLC
By:	By:
Name:	Name:
Title:	Title:
Date:	Date:

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Amended Exhibit A to the Fund Administration Servicing Agreement – Horizon Funds

Fund Names

Separate Series of Horizon Funds

Name of Series

Horizon Active Asset Allocation Fund 

Horizon Active Risk Assist® Fund 

Horizon Active Income Fund 

Horizon Defined Risk Fund 

Horizon Dynamic Dividend Fund 

Horizon U.S. Risk Assist® Fund 

Horizon Multi-Asset Income Fund 

Horizon Sustainable Risk Assist® Fund

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