0001162044-10-000597 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • September 15th, 2010 • Frank Funds • Ohio

The Trust has been organized to engage in the business of an investment company. The Trust currently offers two series of shares to investors, the Frank Value Fund (the “Fund”) and the Leigh Baldwin Total Return Fund. You have been selected to act as the sole investment adviser of the Fund and to provide certain other services, as more fully set forth below, and you are willing to act as such investment adviser and to perform such services under the terms and conditions hereinafter set forth. Accordingly, the Trust agrees with you as follows, effective as of September 15, 2010.

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Letter Agreement
Letter Agreement • September 15th, 2010 • Frank Funds
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