0000909012-04-000676 Sample Contracts

BADGLEY FUNDS, INC.
Expense Cap/Reimbursement Agreement • September 28th, 2004 • Badgley Funds Inc

This Agreement is entered into as of the 21st day of July, 2004 between Badgley, Phelps and Bell, Inc. (the "Adviser") and Badgley Funds, Inc. (the "Company") on behalf of the Badgley Growth Fund (the "Growth Fund") and the Badgley Balanced Fund (the "Balanced Fund") (collectively, the "Funds").

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