Servicing Agreement



 Exhibit 10.32 
 SHAREHOLDER SERVICING AGREEMENT 
 THIS SHAREHOLDER
SERVICING AGREEMENT (this “Agreement”) is made and entered into as of the 1st day of June, 2010, by and between HENNESSY SPARX FUNDS TRUST, a Massachusetts business trust (hereinafter referred to as the “Trust”), on behalf of each of its investment series
set forth on Schedule A hereto (hereinafter referred to each as a “Fund” and together, as the “Funds”), as such Schedule A may be amended from time to time, and HENNESSY ADVISORS, INC., a California
corporation (hereinafter referred to as “HAI”). 
 RECITALS 

WHEREAS, the Trust is engaged in business as an open-end management investment company and HAI serves as the investment adviser to
the Funds pursuant to an Investment Advisory Agreement with the Trust; and 
 WHEREAS, the Trust desires to retain HAI to
perform services to the Funds which are in addition to the services that HAI performs for the Funds pursuant to the Investment Advisory Agreement; and 
 WHEREAS, HAI is willing to provide such services to the Funds on the terms and conditions hereafter set forth. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the premises and
covenants hereinafter contained, the Trust, on behalf of the Funds, and HAI agree as follows: 
 ARTICLE I 

DUTIES OF HAI 
 The Trust hereby employs HAI to provide “Administrative Support Services” to the Funds. “Administrative Support Services” shall include: (i) maintaining an “800”
number which current shareholders may call to ask questions about the Funds or their accounts with the Funds; (ii) assisting shareholders in processing exchange and redemption requests; (iii) assisting shareholders in changing dividend
options, account designations and addresses; (iv) responding generally to questions of shareholders; and (v) providing such other similar services as the Trust shall request. “Administrative Support Services” shall not include
services HAI is required to perform under the Investment Advisory Agreement, including investment advisory services. 

ARTICLE II 

EXPENSES 

HAI assumes the responsibility, and shall pay, for maintaining the staff and personnel necessary to perform its obligations under this
Agreement. 
 ARTICLE III 
 COMPENSATION OF HAI 
 For the services rendered by HAI under this
Agreement, each Fund shall pay to HAI at the end of each calendar month a fee equal to 1/12 of 0.10% of the average daily net assets of such Fund for such month as determined and computed in accordance with the description of net asset value
contained in the relevant Prospectus and Statement of Additional Information. If this Agreement terminates before the last day of a month, compensation for that part of the month that this Agreement is in effect shall be prorated in a manner
consistent with the calculation of the fee as set forth above. 







 ARTICLE IV 
 DURATION AND TERMINATION OF THIS AGREEMENT 
 This Agreement shall become
effective as of the date first above written and shall remain in force with respect to each Fund so long as its continuance is specifically approved with respect to each Fund at least annually by a majority of those directors who are not parties to
this Agreement or “interested persons” (as such term is defined in the Investment Company Act of 1940, as amended) of any such party. This Agreement may be terminated by either party on sixty days’ written notice to the other party.

 ARTICLE V 
 AMENDMENTS OF THIS AGREEMENT 
 All amendments of this Agreement must be
approved by a majority of those directors who are not parties to this Agreement or “interested persons” (as such term is defined in the Investment Company Act of 1940, as amended) of any such party. 

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the date first above written. 

 

			
	HENNESSY SPARX FUNDS TRUST
		
	By:	 	 /s/    Neil J. Hennessy

		 	Neil J. Hennessy
		 	President
	
	HENNESSY ADVISORS, INC.
		
	By:	 	 /s/    Neil J. Hennessy

		 	Neil J. Hennessy
		 	President









 SCHEDULE A 
 Hennessy Select SPARX Japan Fund – Original Class 
 Hennessy Select SPARX Japan Smaller
Companies Fund – Original Class