0001162044-10-000401 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • July 16th, 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 upon the date of the execution of this Agreement.

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MANAGEMENT AGREEMENT
Management Agreement • July 16th, 2010 • Frank Funds • Ohio

The Trust has been organized to engage in the business of an investment company. You have been selected to act as the sole investment adviser of the Leigh Baldwin Total Return Fund (the “Fund”), as series of the Trust 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 upon the date of the execution of this Agreement.

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