0000894189-05-000885 Sample Contracts

POTOMAC FUNDS FORM OF SUBADVISORY AGREEMENT
Subadvisory Agreement • March 31st, 2005 • Potomac Funds • Massachusetts

This Subadvisory Agreement is made as of April 1, 2005 (the “Effective Date”), between Rafferty Asset Management, LLC, a New York limited liability corporation (the “Adviser”), and Portfolio Strategies, Inc., a Washington corporation (the “Subadviser”).

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