0001111830-10-001124 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • December 15th, 2010 • Profit Funds Investment Trust • Delaware

THIS MANAGEMENT AGREEMENT is made this 14th day of December, 2010, between Profit Funds Investment Trust (the "Trust"), a business trust organized under the laws of the Commonwealth of Massachusetts, and Profit Investment Management, LLC (the "Manager"), a limited liability company organized under the laws of the State of Delaware.

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ADDENDUM TO MANAGEMENT AGREEMENT
Addendum to Management Agreement • December 15th, 2010 • Profit Funds Investment Trust

Addendum dated December 14, 2010 to the Management Agreement (the “Agreement”) between Profit Funds Investment Trust (the “Trust”), on behalf of The Profit Fund (the “Fund”), and Profit Investment Management (the “Adviser”).

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EXPENSE LIMITATION AGREEMENT PROFIT INVESTMENT MANAGEMENT, LLC Silver Spring, MD 20910
Expense Limitation Agreement • December 15th, 2010 • Profit Funds Investment Trust • Maryland
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