0001162044-05-000113 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • April 1st, 2005 • Adirondack Funds • Ohio

The Trust has been organized to engage in the business of an open-end management investment company. The Trust currently offers one series of shares to investors

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TRANSFER AGENT AGREEMENT
Transfer Agent Agreement • April 1st, 2005 • Adirondack Funds • Ohio

THIS AGREEMENT is made and entered into this 18th day of March, 2005, by and between Adirondack Funds (the “Trust”), an Ohio business trust having its principal place of business at 26 Vly Road, Albany, New York 12205, and Mutual Shareholder Services, LLC, a Delaware Limited Liability Company (“MSS”).

ACCOUNTING SERVICES AGREEMENT
Accounting Services Agreement • April 1st, 2005 • Adirondack Funds • Ohio

THIS AGREEMENT is made and entered into this 18th day of March, 2005, by and between Adirondack Funds (the “Trust”), an Ohio business trust having its principal place of business at 26 Vly Road, Albany, New York 12205, and Mutual Shareholder Services, LLC, a Delaware Limited Liability Company (“MSS”).

CUSTODY AGREEMENT BETWEEN THE HUNTINGTON NATIONAL BANK AND ADIRONDACK FUNDS
Custody Agreement • April 1st, 2005 • Adirondack Funds • Ohio

This agreement (the "Agreement") is entered into as of the 29th day of March 2005, by and between the Adirondack Funds, an Ohio business trust (the "Trust") and The Huntington National Bank, (the "Custodian"), a national banking association having its principal office at 41 South High Street, Columbus, Ohio 43215.

SUBSCRIPTION AGREEMENT BETWEEN THE TRUST AND THE INVESTORS ADIRONDACK SMALL CAP FUND A SERIES OF ADIRONDACK FUNDS LETTER OF INVESTMENT INTENT
Subscription Agreement • April 1st, 2005 • Adirondack Funds

The undersigned (the "Purchaser") hereby subscribes to purchase a beneficial interest ("Interest") of the Adirondack Small Cap Fund, a series of Adirondack Funds, in the amount of $41,800.08 for 4,180.008 shares at net asset value of $10.00 per share, in consideration for which the Purchaser agrees to transfer to you upon demand cash in the amount of $41,800.08.

Letter Agreement
Management Agreement • April 1st, 2005 • Adirondack Funds
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