0000891092-08-006144 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 23rd, 2008 • Hilliard Lyons Government Fund Inc

This Agreement is made as of the 17th day of April, 2008, between Hilliard-Lyons Government Fund, Inc., a Maryland corporation (the “Company”), and J.J.B. Hilliard, W.L. Lyons, LLC, a Kentucky corporation (“Adviser”).

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DISTRIBUTION AGREEMENT
Distribution Agreement • December 23rd, 2008 • Hilliard Lyons Government Fund Inc • Maryland

This Agreement is made as of the 1st day of April, 2008 between Hilliard-Lyons Government Fund, a Maryland corporation (the “Company”), and J.J.B. Hilliard, W.L. Lyons, LLC, a Kentucky corporation (“Distributor”).

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