0001111830-11-000280 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 29th, 2011 • Cm Advisors Family of Funds • Delaware

This Agreement is made and entered into this 1st day of November, 2010, by and between the CM Advisors Family of Funds, a Delaware statutory trust (the "Trust") on behalf of the CM Advisors Opportunity Fund, a series of shares of the Trust (the "Fund"), and Van Den Berg Management I, Inc. d/b/a CM Fund Advisors, a California corporation (hereinafter referred to as "Advisor").

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EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 29th, 2011 • Cm Advisors Family of Funds

This Agreement is made and entered into effective this 14th day of April, 2011, by and between the CM Advisors Value Fund (the "Fund"), a series of shares of the CM Advisors Family of Funds, a Delaware statutory trust (the "Trust") and Van Den Berg Management I, Inc. d/b/a CM Fund Advisors, a Texas corporation (the "Advisor").

AMENDMENT TO THE CUSTODY AGREEMENT
Custody Agreement • April 29th, 2011 • Cm Advisors Family of Funds

THIS AMENDMENT, dated as of the 21th day of September, 2010, to the Custody Agreement, dated as of November 20, 2006 (the “Agreement”), is entered by and between CM Advisers Family of Funds, a Delaware statutory trust (the “Trust”) and US Bank, N.A., a national banking association (the “Custodian”).

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