0000930413-11-007407 Sample Contracts

OLD WESTBURY FUNDS, INC. Old Westbury Non-U.S. Large Cap Fund SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • November 15th, 2011 • Old Westbury Funds Inc • New York

This SUB-ADVISORY AGREEMENT (“Agreement”) executed as of November 16, 2011, by and among OLD WESTBURY FUNDS, INC. (the “Corporation”), on behalf of Old Westbury Non-U.S. Large Cap Fund1 (the “Fund”), BESSEMER INVESTMENT MANAGEMENT LLC (the “Adviser”), and OLDFIELD PARTNERS LLP (the “Sub-Adviser”),

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EIGHTH AMENDMENT TO CUSTODIAN AGREEMENT
Custodian Agreement • November 15th, 2011 • Old Westbury Funds Inc

THIS EIGHTH AMENDMENT TO CUSTODIAN AGREEMENT (“Amendment”) dated as of November 16, 2011 by and between OLD WESTBURY FUNDS, INC., a Maryland corporation (the “Fund”), and BESSEMER TRUST COMPANY, a New Jersey state chartered bank (“Bessemer”).

AMENDMENT No. 1 TO INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • November 15th, 2011 • Old Westbury Funds Inc

THIS AMENDMENT No. 1 TO INVESTMENT ADVISORY AGREEMENT (“Amendment”) dated as of November 16, 2011, by and between OLD WESTBURY FUNDS, INC. (the “Fund”) and BESSEMER INVESTMENT MANAGEMENT LLC (the “Adviser”). Terms not otherwise defined herein shall have the meanings ascribed thereto in the Investment Advisory Agreement (as defined below).

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