0001104659-21-054350 Sample Contracts

Contract
Investment Sub-Advisory Agreement • April 23rd, 2021 • M Fund Inc • Maryland

THIS AGREEMENT made and entered into this 1st day of August, 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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AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 23rd, 2021 • M Fund Inc

This Amendment (the “Amendment”) is made and entered into effective March 12, 2021 among M Financial Investment Advisers, Inc., a Colorado corporation (the “Adviser”) and M Fund, Inc. a Maryland corporation (the “Fund” and with the Adviser, the “Parties”).

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 23rd, 2021 • M Fund Inc • Maryland

This Expense Limitation Agreement is made as of the 1st, day of May, 2021 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:

Amendment to the Investment Sub-Advisory Agreement
Investment Sub-Advisory Agreement • April 23rd, 2021 • M Fund Inc

This Amendment is made by and between M Financial Investment Advisers, Inc., a corporation organized and existing under the laws of the State of Colorado (the “Adviser”), and Dimensional Fund Advisors LP, a limited partnership organized and existing under the laws of the State of Delaware (the “Sub-Adviser”).

AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • April 23rd, 2021 • M Fund Inc

This Amendment (the “Amendment”) is made and entered into as of July 1, 2020, by and between M Financial Investment Advisers, Inc., a Colorado corporation (the “Adviser”) and Frontier Capital Management Co., LLC, a Delaware limited liability company (the “Sub-Adviser,” and with the Adviser, the “Parties”).

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