0000897101-10-000362 Sample Contracts

FORM OF INVESTMENT ADVISORY AGREEMENT (LEUTHOLD GLOBAL INDUSTRIES FUND)
Investment Advisory Agreement • February 26th, 2010 • Leuthold Funds Inc

This Investment Advisory Agreement (this “Agreement”) is made and entered into this ____ day of May, 2010 by and between Leuthold Funds, Inc., a Maryland corporation (the “Company”), and Leuthold Weeden Capital Management, a Delaware limited liability company (the “Adviser”).

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