NORTHERN FUNDS
ADDENDUM NO. 3 TO THE FOREIGN CUSTODY AGREEMENT
This Addendum No. 3, dated as of the 31st day of July, 2000, is entered
into between NORTHERN FUNDS (the "Trust"), a Delaware business trust, and THE
NORTHERN TRUST COMPANY ("Northern"), an Illinois state bank.
WHEREAS, the Trust and Northern have entered into a Foreign Custody
Agreement dated April 1, 1994, as amended by Addendum No. 1 dated as of April 1,
1998 and Addendum No. 2 dated as of February 8, 2000 (the "Foreign Custody
Agreement"), pursuant to which the Trust has appointed Northern to act as
custodian to the Trust for its International Growth Equity Fund, Global Fixed
Income Fund (formerly known as the International Fixed Income Fund),
International Select Equity Fund and Global Communications Fund (collectively,
the "Funds"); and
WHEREAS, the Trust has this day reorganized itself from a Massachusetts
business trust to a Delaware business trust; and
WHEREAS, the Trust and Northern desire that Northern continue to act as
custodian to the Trust for the Funds pursuant to the terms of the Foreign
Custody Agreement as amended to date;
NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:
1. RESTATEMENT. Section 18 of the Foreign Custody Agreement is hereby
amended and restated as follows:
MISCELLANEOUS. The Trust's Agreement and Declaration of Trust is on
file with the Trust. The captions of this Agreement are included for
convenience of reference only and in no way define or delimit any of
the provisions hereof or otherwise affect their construction or
effect. If any provision of this Agreement shall be held or made
invalid by a court decision, statute, rule or otherwise, the remainder
of this Agreement shall not be affected thereby. Any provision in this
Agreement requiring compliance with any statute or regulation shall
mean such statute or regulation as amended and in effect from time to
time. This Agreement shall be construed in accordance with the laws of
the State of Illinois (except as to Section 19 hereof which shall be
construed in accordance with the laws of the State of Delaware) and
shall be binding upon and shall inure to the benefit of the parties
hereto and their respective successors.
2. REAFFIRMATION. The Foreign Custody Agreement as amended to date is
hereby reaffirmed and readopted by each of the parties hereto, and
Northern shall continue to provide services to the Trust for the
Funds, and to receive compensation for such services, as provided in
the Foreign Custody Agreement, subject to the terms set forth therein.
3. MISCELLANEOUS. Except to the extent supplemented hereby, the Foreign
Custody Agreement shall remain unchanged and in full force and
effect, and is hereby ratified and confirmed in all respects as
supplemented hereby.
IN WITNESS WHEREOF, the undersigned have executed this Addendum as of
the date and year first above written.
NORTHERN FUNDS
Attest: /s/ Xxxxx Xxxxxxxx
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By: /s/ Xxxxxxxxx Xxxx
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Name: Xxxxxxxxx Xxxx
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Title: Vice-President
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THE NORTHERN TRUST COMPANY
Attest: /s/ Xxxxx Xxxxxxxx
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By: /s/ Xxxxxxxxx Xxxx
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Name: Xxxxxxxxx Xxxx
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Title: Senior Vice-President
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