0000892712-07-000044 Sample Contracts

EXPENSE LIMITATION AGREEMENT NAKOMA MUTUAL FUNDS
Expense Limitation Agreement • January 18th, 2007 • Nakoma Mutual Funds

This EXPENSE LIMITATION AGREEMENT, is made as of December 15, 2006 by and between Nakoma Capital Management, LLC (the “Adviser”) and Nakoma Mutual Funds on behalf of its series Nakoma Absolute Return Fund (the “Fund”).

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ADDENDUM TO TRANSFER AGENCY AGREEMENT
Transfer Agency Agreement • January 18th, 2007 • Nakoma Mutual Funds

THIS ADDENDUM, dated effective as of November 1, 2006, modifies the Transfer Agency Agreement dated May 19, 2006, by and between UMB Fund Services, Inc. (“UMBFS”) and Nakoma Mutual Funds, a Delaware statutory trust (the “Trust”), such Agreement being hereinafter referred to as the “Agreement.”

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