0001162044-03-000204 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • October 15th, 2003 • Ancora Trust

2003, by and between Ancora Trust (the “Trust”) and Ancora Advisors LLC (the “Investment Advisor”). Each of the Trust and the Investment Advisor may be referred to herein as a “Party” or collectively as the “Parties.”

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DISTRIBUTION AGREEMENT
Distribution Agreement • October 15th, 2003 • Ancora Trust • Ohio
ADMINISTRATION AGREEMENT
Administration Agreement • October 15th, 2003 • Ancora Trust • Ohio

Ancora Trust (the “Trust”), an Ohio business trust consisting of separate series of funds including Ancora Income Fund, Ancora Equity Fund, Ancora Special Opportunity Fund and Ancora Bancshares (each a “Fund” collectively the “Funds”) and Ancora Capital Inc. (“Administrator”) agree as follows:

SELLING AGREEMENT
Selling Agreement • October 15th, 2003 • Ancora Trust • Ohio

We at Ancora Securities Inc. invite you, _____________ to distribute shares of the separate series and classes of Ancora Trust listed on Schedule A attached hereto and incorporated herein by reference (each, a “Fund” collectively, the “Funds”). We may periodically change the list of Funds by giving you written notice of the change. We are the Funds’ principal underwriter and, as agent for the Funds, we offer to sell Fund shares to you on the following terms and conditions:

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