0001104659-07-034095 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • May 1st, 2007 • Fpa Perennial Fund Inc • Maryland

Agreement dated as of October 1, 2006, by and between FPA PERENNIAL FUND, INC., a Maryland corporation (hereinafter called the “Fund”), and FPA FUND DISTRIBUTORS, INC., a California corporation (hereinafter called the “Distributor”).

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • May 1st, 2007 • Fpa Perennial Fund Inc

AGREEMENT, dated October 1, 2006, by and between FPA PERENNIAL FUND, INC., a Maryland corporation (hereinafter called the “Fund”), and FIRST PACIFIC ADVISORS, LLC, a Delaware limited liability company (hereinafter called the “Adviser”).

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