0001104659-20-048167 Sample Contracts

Contract
Sub-Advisory Agreement • April 17th, 2020 • M Fund Inc • Maryland

THIS AGREEMENT made and entered into this 1st day of May, 2020, by and between M Financial Investment Advisers, Inc., a corporation organized and existing under the laws of the State of Colorado (the “Adviser”), and Brandywine Global Investment Management, LLC, a limited liability company and existing under the laws of the State of Delaware (the “Sub-Adviser”).

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EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 17th, 2020 • M Fund Inc • Maryland

This Expense Limitation Agreement is made as of the 1st, day of May, 2020 by and between M Fund, Inc., a Maryland corporation (the “Fund”) on behalf of its series M International Equity Fund, M Large Cap Growth Fund, M Capital Appreciation Fund, and M Large Cap Value Fund (each, a “Portfolio”), and M Financial Investment Advisers, Inc., a Colorado corporation (the “Adviser”), with respect to the following:

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