0000869179-05-000008 Sample Contracts

ADVISORY AGREEMENT
Advisory Agreement • July 15th, 2005 • Ambassador Funds /

THIS AGREEMENT is made as of October 1, 2005, by and between AMBASSADOR FUNDS, a Delaware statutory trust (the “Trust”), and AMBASSADOR CAPITAL MANAGEMENT, L.L.C., a Michigan Limited Liability Company (the “Adviser”).

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AMBASSADOR FUNDS AMENDMENT TO THE CUSTODY AGREEMENT
Custody Agreement • July 15th, 2005 • Ambassador Funds /

THIS AMENDMENT, dated this as of the 1st day of October, 2005, to the Custody Agreement, dated as of August 1, 2003, (the "Agreement") by and between Ambassador Funds, a Delaware statutory trust (the "Trust") and U.S. Bank, N.A., a national banking association (the "Custodian").

AMBASSADOR FUNDS AMENDMENT TO THE TRANSFER AGENT SERVICING AGREEMENT
Transfer Agent Servicing Agreement • July 15th, 2005 • Ambassador Funds /

THIS AMENDMENT, dated as of the 1st day of October, 2005, to the Transfer Agent Servicing Agreement, dated August 1, 2003, (the "Agreement"), is entered by and between Ambassador Funds, a Delaware statutory trust (the "Trust") and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company ("USBFS").

SUBSCRIPTION AGREEMENT
Subscription Agreement • July 15th, 2005 • Ambassador Funds /

For and in consideration of the mutual agreements herein contained, _______________ (the “Subscriber”) hereby agrees to purchase from Ambassador Funds (the “Fund”), a Delaware statutory trust, and the Fund agrees to sell to the Subscriber, 100 shares of beneficial interest of the Ambassador Enhanced S&P 500 Index Fund, no par value, at the price of $10.00 per share, upon the following terms and conditions.

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