0001162044-03-000018 Sample Contracts

TRANSFER AGENT AGREEMENT
Transfer Agent Agreement • January 30th, 2003 • Bertolet Capital Trust • Ohio

THIS AGREEMENT is made and entered into this _____ day of _______, 2003, by and between the Bertolet Capital Trust (the “Trust”), a Delaware Business Trust having and Mutual Shareholder Services, LLC, a Delaware Limited Liability Company (“MSS”).

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ACCOUNTING SERVICES AGREEMENT
Accounting Services Agreement • January 30th, 2003 • Bertolet Capital Trust • Ohio

THIS AGREEMENT is made and entered into this _____ day of _______, 2003, by and between the Bertolet Capital Trust (the “Trust”), a Delaware Business Trust and Mutual Shareholder Services, LLC, a Delaware Limited Liability Company (“MSS”).

CUSTODY AGREEMENT
Custody Agreement • January 30th, 2003 • Bertolet Capital Trust • Minnesota

This AGREEMENT, dated as of 2003, by and between the Bertolet Capital Trust (the Trust ), a business trust organized under the laws of the State of Delaware acting for and on behalf of The Pinnacle Value Fund (the “Fund”), which is operated and maintained by the Trust for the benefit of the holders of shares of the fund(s), and U.S. BANK, N.A., (the "Custodian").

Microsoft Word 10.0.2627; FORM OF INVESTMENT ADVISORY AGREEMENT Between BERTOLET CAPITAL TRUST and BERTOLET CAPITAL LLC
Bertolet Capital Trust • January 30th, 2003 • Delaware

Agreement made February 2003 between Bertolet Capital Trust, a Delaware Business Trust and Bertolet Capital LLC, a New York Limited Liability Company (the Adviser).

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