0000897069-07-001676 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 16th, 2007 • Intrepid Capital Management Funds Trust

THIS INVESTMENT ADVISORY AGREEMENT (this “Agreement”) is made as of October 31, 2007 between Intrepid Capital Management Funds Trust, a Delaware statutory trust (the “Trust”), and Intrepid Capital Management, Inc. (the “Adviser”).

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