1 EXPENSE CAP/REIMBURSEMENT AGREEMENT This Agreement is entered into as of the 12th day of July, 2001 between Badgley, Phelps and Bell, Inc. (the "Adviser") and Badgley Funds, Inc. (the "Company") on behalf of the Badgley Growth Fund (the "Growth...Expense Cap/Reimbursement Agreement • September 28th, 2001 • Badgley Funds Inc
