0000894189-06-001029 Sample Contracts

CUSTODY AGREEMENT
Custody Agreement • April 28th, 2006 • Greenspring Fund Inc • Ohio

THIS AGREEMENT is made and entered into as of this ________ day of _____, 2005, by and between GREENSPRING FUND, INC, a Maryland corporation (the “Fund”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America with its principal place of business at Cincinnati, Ohio (the “Custodian”).

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FUND ACCOUNTING SERVICING AGREEMENT
Fund Accounting Servicing Agreement • April 28th, 2006 • Greenspring Fund Inc • Maryland

THIS AGREEMENT is made and entered into as of this ___ day of _____, 2005, by and between GREENSPRING FUND, INC., a Maryland corporation (the “Fund”) and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company (“USBFS”).

TRANSFER AGENT SERVICING AGREEMENT
Transfer Agent Servicing Agreement • April 28th, 2006 • Greenspring Fund Inc • Maryland

THIS AGREEMENT is made and entered into as of this ___ day of _____, 2005, by and between GREENSPRING FUND, INC., a Maryland corporation (the “Fund”) and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company (“USBFS”).

DISTRIBUTION AGREEMENT
Distribution Agreement • April 28th, 2006 • Greenspring Fund Inc • Maryland

THIS AGREEMENT is made and entered into as of this ____ day of ________, 2005, by and between GREENSPRING FUND, INC., a Maryland corporation (the “Fund”) and QUASAR DISTRIBUTORS, LLC, a Delaware limited liability company (the “Distributor”). CORBYN INVESTMENT MANAGEMENT, INC., a Maryland corporation and the investment advisor to the Fund (the “Advisor”), is a party hereto with respect to Section 5 only.

SERVICES AGREEMENT
Services Agreement • April 28th, 2006 • Greenspring Fund Inc • Maryland

This Services Agreement (“Agreement”) is made as of the ___ day of ___________ 2005 by and between GREENSPRING FUND, INC. (the “Fund”), a Maryland corporation, having its principal place of business at 2330 West Joppa Road, Suite 110, Lutherville, MD 21093 and CORBYN INVESTMENT MANAGEMENT, INC. (“Corbyn”), a Maryland corporation, having its principal place of business at 2330 West Joppa Road, Suite 108, Lutherville, MD 21093.

FUND ADMINISTRATION SERVICING AGREEMENT
Fund Administration Servicing Agreement • April 28th, 2006 • Greenspring Fund Inc • Maryland

THIS AGREEMENT is made and entered into as of this ___ day of __________, 2005, by and between GREENSPRING FUND, INC., a Maryland corporation (the “Fund”) and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company (“USBFS”).

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