0000894189-08-001307 Sample Contracts

CUSTODY AGREEMENT
Custody Agreement • April 25th, 2008 • Greenspring Fund Inc • Ohio

THIS AGREEMENT is made and entered into as of this 28 day of June, 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 25th, 2008 • Greenspring Fund Inc • Maryland

THIS AGREEMENT is made and entered into as of this 28 day of June, 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 25th, 2008 • Greenspring Fund Inc • Maryland

THIS AGREEMENT is made and entered into as of this 28 day of June, 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 25th, 2008 • Greenspring Fund Inc • Maryland

THIS AGREEMENT is made and entered into as of this 28 day of June, 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.

FUND ADMINISTRATION SERVICING AGREEMENT
Fund Administration Servicing Agreement • April 25th, 2008 • Greenspring Fund Inc • Maryland

THIS AGREEMENT is made and entered into as of this 28 day of June, 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”).

SERVICES AGREEMENT
Services Agreement • April 25th, 2008 • Greenspring Fund Inc • Maryland

This Services Agreement (“Agreement”) is made as of the 1st day of July 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.

GREENSPRING FUND, INC. ADDENDUM TO THE FUND ADMINISTRATION SERVICING AGREEMENT
Fund Administration Servicing Agreement • April 25th, 2008 • Greenspring Fund Inc

THIS ADDENDUM dated as of September 21, 2007, to the Fund Administration Servicing Agreement, dated as of June 28, 2005 (the "Agreement"), is entered by and between GREENSPRING FUND, INC., a Maryland corporation (the “Company”), and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company ("USBFS").

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