0001144204-10-022968 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • April 29th, 2010 • State Street Master Funds • Massachusetts

AGREEMENT, dated as of April 1, 2010, by and between SSgA Funds Management, Inc., a Massachusetts corporation (the "Adviser"), and Nuveen Asset Management, a Delaware corporation (the "Sub-Adviser").

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INVESTMENT ADVISORY AGREEMENT BETWEEN SSGA FUNDS MANAGEMENT, INC. AND STATE STREET MASTER FUNDS
Investment Advisory Agreement • April 29th, 2010 • State Street Master Funds • New York

This Amendment No. 1 to the Investment Advisory Agreement (the "Agreement") dated May 1, 2001 between State Street Master Funds, a Massachusetts business trust (the "Trust"), and SSgA Funds Management, Inc., a Massachusetts corporation (the "Adviser"), is entered into as of April 1,2010. Capitalized terms used herein but not otherwise defined herein have the meanings assigned to such terms in the Agreement.

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