0001162044-06-000144 Sample Contracts

AMENDMENT TO MANAGEMENT AGREEMENT
Management Agreement • April 24th, 2006 • Paradigm Funds

This Amendment, dated as of December 16, 2005, amends the Management Agreement dated December 11, 2002 (the "Agreement") between Paradigm Funds (the "Trust"), on behalf of the Paradigm Value Fund (the "Fund"), and Paradigm Capital Management, Inc. (the "Company").

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