0000894189-12-000397 Sample Contracts

OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • January 27th, 2012 • Intrepid Capital Management Funds Trust • Delaware

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is made as of June 3, 2010, by and between Intrepid Capital Management Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of the Intrepid All Cap Fund (“Fund”), a series of the Trust, and the adviser of the Fund, Intrepid Capital Management, Inc. (the “Adviser”).

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