0000894189-13-003279 Sample Contracts

BUFFALO FUNDS AMENDED AND RESTATED MASTER SERVICES AGREEMENT
Master Services Agreement • May 31st, 2013 • Buffalo Funds • Delaware

This Amended and Restated Master Services Agreement (the “Agreement”) dated as of the 20th day of March, 2013, is made between U.S. Bancorp Fund Services, LLC (“USBFS”) and Kornitzer Capital Management, Inc. (the “Adviser”), as investment adviser and manager of the Buffalo Funds, a Delaware statutory trust (the “Trust” and its series, as listed on Appendix I, as the parties may amend, (collectively, the “Buffalo Funds” or the “Funds” and each, individually, a “Fund”).

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AMENDED AND RESTATED MANAGEMENT AGREEMENT between KORNITZER CAPITAL MANAGEMENT, INC. and BUFFALO FUNDS
Management Agreement • May 31st, 2013 • Buffalo Funds

THIS AMENDED AND RESTATED MANAGEMENT AGREEMENT is made and entered into as of the 15th day of February, 2013, by and between BUFFALO FUNDS, a Delaware business trust (hereinafter referred to as the “Trust”), on behalf of the Buffalo Emerging Opportunities Fund (the “Fund”), and KORNITZER CAPITAL MANAGEMENT, INC., a corporation organized under the laws of the State of Kansas (hereinafter referred to as the “Manager”), and which Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute but one instrument.

AMENDED AND RESTATED DISTRIBUTION AGREEMENT
Distribution Agreement • May 31st, 2013 • Buffalo Funds • Delaware

THIS AMENDED AND RESTATED DISTRIBUTION AGREEMENT (hereinafter referred to as the “Agreement”) is made and entered into as of this 20th day of March, 2013, by and between Kornitzer Capital Management, Inc., a Kansas Corporation (the “Adviser”), Quasar Distributors, LLC, a Delaware limited liability company (the “Distributor”) and Buffalo Funds (the “Trust”), a Delaware statutory trust, on behalf of its series listed on Appendix A, as the parties may amend, (collectively, the “Buffalo Funds” or the “Funds” and each, individually, a “Fund”).

AMENDED AND RESTATED CUSTODY AGREEMENT
Custody Agreement • May 31st, 2013 • Buffalo Funds • Ohio
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