0000869179-12-000054 Sample Contracts

AGREEMENT TO WAIVE FEES April 27, 2012
Agreement • April 30th, 2012 • Ambassador Funds

THIS AGREEMENT is entered into on the 27th day of April, 2012, by and between Ambassador Funds, a Delaware statutory trust (the “Trust”), on behalf of its series Selkirk Bond Fund and Selkirk Short-Term Bond Fund,( the “Funds” and each a “Fund”), and Convergence Financial Services, Inc., a Michigan corporation and the investment adviser to the Funds (the “Adviser”) and is effective as of the date hereof.

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AGREEMENT TO WAIVE FEES AND REIMBURSE EXPENSES January 1, 2012
Agreement • April 30th, 2012 • Ambassador Funds

THIS AGREEMENT is entered into on the 30th day of December, 2011, by and between Selkirk Opportunities Fund, Selkirk Core Fund and Selkirk Income Fund, (the “Funds” and each a “Fund”) , each being a series of Ambassador Funds, a Delaware statutory trust (the “Trust”) and Convergence Financial Services, Inc., a Michigan corporation and the investment adviser to the Funds (the “Adviser”) and is effective as of January 1, 2012.

SELKIRK FUNDS AMENDMENT TO AGREEMENT TO WAIVE FEES AND REIMBURSE EXPENSES
Ambassador Funds • April 30th, 2012

THIS AMENDMENT, dated March 14, 2012, to the Agreement to Waive Fees and Reimbursement Expenses entered into on December 30, 2011, is entered by and between Selkirk Opportunities Fund, Selkirk Core Fund and Selkirk Income Fund,( the “Funds” and each a “Fund”), each being a series of Ambassador Funds, a Delaware statutory trust (the “Trust”), and Convergence Financial Services, Inc., a Michigan corporation and the investment adviser to the Funds (the “Adviser”).

AMBASSADOR MONEY MARKET FUND AGREEMENT
Expense Reimbursement • April 30th, 2012 • Ambassador Funds

THIS AGREEMENT is made this 20th day of April, 2012, between Ambassador Funds, a Delaware statutory trust (“Ambassador”) and Ambassador Capital Management, L.L.C., a Michigan limited liability company (“ACM”).

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