EXHIBIT 22(h)(2) December 19, 2005 Clipper Fund, Inc. 9601 Wilshire Boulevard Suite 800 Beverly Hills, California 90210 Re: Administrative Services Agreement This will confirm our agreement that Davis Selected Advisers, L.P. ("Davis") will provide...Administrative Services Agreement • January 9th, 2006 • Clipper Funds Trust
This will confirm our agreement that Davis Selected Advisers, L.P. ("Davis") will provide Clipper Fund, Inc. (the "Fund") with all necessary administrative services, commencing December 20, 2005, without charge. Davis' administrative services will include without limitation the services indicated on the attached list, but not the services shown as exceptions on the list. Davis will provide these administrative services to the Fund for as long as Davis serves as investment adviser to the Fund or until such earlier date as this agreement is terminated by Davis or the Fund upon 90 days written notice.
CALENDAR YEAR 2006 This TEMPORARY FEE WAIVER ("Waiver Agreement") is made as of the 1st day of January, 2006, by and between Clipper Funds Trust, an open-end, management investment company organized as a statutory trust under the laws of the State of...Temporary Fee Waiver • January 9th, 2006 • Clipper Funds Trust
UNDERWRITING AGREEMENT BETWEENUnderwriting Agreement • January 9th, 2006 • Clipper Funds Trust • Delaware
EXHIBIT 22(D)(1) INVESTMENT ADVISORY AGREEMENT This INVESTMENT ADVISORY AGREEMENT (this "Agreement") is made as of the 1st day of January, 2006, by and between Clipper Funds Trust, an open-end, management investment company organized as a statutory...Investment Advisory Agreement • January 9th, 2006 • Clipper Funds Trust • California
