0000869179-05-000015 Sample Contracts

AMBASSADOR FUNDS AMENDMENT TO THE CUSTODY AGREEMENT
Custody Agreement • October 28th, 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").

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ADVISORY AGREEMENT
Advisory Agreement • October 28th, 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”).

AMBASSADOR FUNDS AMENDMENT TO THE TRANSFER AGENT SERVICING AGREEMENT
Transfer Agent Servicing Agreement • October 28th, 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 • October 28th, 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 Broadmarket Plus Equity Fund, no par value, at the price of $10.00 per share, upon the following terms and conditions.

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