0001107049-01-500011 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • January 8th, 2001 • Ips Funds • Wisconsin

THIS AGREEMENT is made and entered into as of this 5th day of January, 2001, by and among IPS Funds, a Ohio business trust ("Trust"), IPS Advisory, Inc., (the "Adviser") and Quasar Distributors, LLC, a Delaware limited liability company ("Distributor").

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ACCOUNT AGREEMENT IPS iFUND
Account Agreement • January 8th, 2001 • Ips Funds • Ohio
CUSTODY AGREEMENT
Custody Agreement • January 8th, 2001 • Ips Funds • Ohio

This AGREEMENT, dated as of January 5, 2001, by and between IPS Advisory, Inc. (the "Advisor"), a corporation organized under the laws of Ohio, on behalf of IPS Funds, a business trust organized under the laws of Ohio (the "Trust"), and FIRSTAR BANK, N.A., a national banking association (the "Custodian").

MANAGEMENT AGREEMENT
Management Agreement • January 8th, 2001 • Ips Funds • Ohio

The Trust has been organized to engage in the business of an investment company. The Trust currently offers three series of shares to investors, one of which is the IPS iFund (the "Fund").

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