THIRD AMENDMENT TO

ETF DISTRIBUTION AGREEMENT

 

This third amendment ("Amendment") to the ETF Distribution Agreement (the "Agreement") dated as of December 10, 2024, by and between Horizon Funds and Quasar Distributors, LLC (together, the "Parties") is effective as of February 8, 2026.

 

WHEREAS, the Parties desire to amend Exhibit A of the Agreement to reflect an updated Funds list; and,

 

WHEREAS, Section 8(b) of the Agreement requires that all amendments and modifications to the Agreement be in writing and executed by the Parties.

 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

 

1.Capitalized terms not otherwise defined herein shall have the meanings set forth in the Agreement.

 

2.Exhibit A of the Agreement is hereby deleted in its entirety and replaced by Exhibit A attached hereto.

 

3.Except as expressly amended hereby, all the provisions of the Agreement shall remain unamended and in full force and effect to the same extent as if fully set forth herein.

 

4.This Amendment shall be governed by, and the provisions of this Amendment shall be construed and interpreted under and in accordance with, the laws of the State of Delaware.

 

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed in their names and on their behalf by and through their duly authorized officers.

 

HORIZON FUNDS

 

By: /s/ Matt Chambers

Name: Matt Chambers

Title: VP

Date: March 31, 2026

QUASAR DISTRIBUTORS, LLC

 

By: /s/ Teresa Cowan

Name: Teresa Cowan

Title: President

Date: March 31, 2026

 

 

 

EXHIBIT A

 

Horizon Expedition Plus ETF

Horizon Landmark Liquidity ETF

Horizon Dividend Income ETF

Horizon Core Equity ETF

Horizon Managed Risk ETF

Horizon Core Bond ETF

Horizon Flexible Income ETF

Horizon NASDAQ-100 Defined Risk ETF

Horizon Digital Frontier ETF

Horizon Small/Mid Cap Core Equity ETF

Horizon International Equity ETF

Horizon International Managed Risk ETF

Anfield Dynamic Fixed Income ETF

Anfield Enhanced Market ETF

Anfield Universal Fixed Income ETF

Anfield U.S. Equity Sector Rotation ETF

Regents Park Hedged Market Strategy ETF