Exhibit 10.1
MANAGEMENT AGREEMENT
AGREEMENT made this 30th day of June, 2000 by and between HENNESSY MUTUAL FUNDS, INC., a
Maryland corporation (hereinafter referred to as the "Corporation"), on behalf of each of its investment series set
forth on Schedule A hereto as it may be amended from time to time (hereinafter referred to each as a "Fund" and
together, as the "Funds"), and EDWARD J. HENNESSY, INCORPORATED, a California corporation
(hereinafter referred to as the "Manager").
W I T N E S S E T H:
WHEREAS, the Corporation is engaged in business as a diversified open-end management investment company
registered under the Investment Company Act of 1940, as amended (hereinafter referred to as the "Investment
Company Act"); and
WHEREAS, the Manager is engaged principally in rendering management and investment advisory services and
is registered as an investment adviser under the Investment Advisers Act of 1940; and
WHEREAS, the Corporation on behalf of the Funds desires to retain the Manager to provide management and
investment advisory services to the Funds in the manner and on the terms hereinafter set forth; and
WHEREAS, the Manager is willing to provide management and investment advisory services to the Funds on the
terms and conditions hereafter set forth;
NOW, THEREFORE, in consideration of the premises and the covenants hereinafter contained, the
Corporation, on behalf of the Funds, and the Manager hereby agree as follows:
ARTICLE I
DUTIES OF THE MANAGER
The Corporation hereby employs the Manager to act as a manager and investment adviser of the Funds and to
furnish the management and investment advisory services described below, subject to the policies of the Funds
and the review by and overall consent of the Board of Directors of the Corporation, for the period and on the
terms and conditions set forth in this Agreement. The Manager hereby accepts such employment and agrees
during such period, at its own expense, to render, or arrange for the rendering of, such services