0001111830-13-000313 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • April 30th, 2013 • Berwyn Funds • Ohio

This Agreement made as of June 7, 2012 by and among The Berwyn Funds (the "Trust"), a Delaware business trust, Killen Group, Inc., a Pennsylvania corporation, and Ultimus Fund Distributors, LLC, an Ohio limited liability company ("Distributor").

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Amendment to The Contract for Investment Advisory Services
Investment Advisory Services • April 30th, 2013 • Berwyn Funds

Whereas, The Berwyn Funds, a Delaware Business Trust ( the "Trust"), on behalf of Berwyn Income Fund (the "Fund") and The Killen Group, Inc. (the ''Advisor"), all having their principal place of business at 1189 Lancaster Avenue, Berwyn, Pennsylvania, have entered into a contract for Investment Advisory Services as of April 28, 1999 (the "Agreement").

Amendment to The Contract for Investment Advisory Services
Investment Advisory Services Agreement • April 30th, 2013 • Berwyn Funds

Whereas, The Berwyn Funds, a Delaware Business Trust ( the 'Trust"), on behalf of Berwyn Fund (the "Fund") and The Killen Group, Inc. (the "Advisor"), all having their principal place of business at 1189 Lancaster Avenue, Berwyn, Pennsylvania, have entered into a contract for Investment Advisory Services as of April 28, 1999 (the "Agreement").

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