0001145443-09-003350 Sample Contracts

BY-LAWS OF UNDISCOVERED MANAGERS FUNDS as Amended and Restated February 19, 2009
By-Laws • December 29th, 2009 • Undiscovered Managers Funds
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AMENDMENT TO SUB-ADVISORY AGREEMENT UNDISCOVERED MANAGERS BEHAVIORAL VALUE FUND
Sub-Advisory Agreement • December 29th, 2009 • Undiscovered Managers Funds

THIS AMENDMENT is made as of May 20, 2009, by and between J.P. Morgan Investment Management Inc. (the “Manager”) and Fuller & Thaler Asset Management, Inc. (the “Sub-Adviser”), the parties to the Sub-Advisory Agreement, in place for the Undiscovered Managers Behavioral Value Fund, a series of Undiscovered Managers Funds (the “Agreement”).

December 31, 2009 Undiscovered Managers Funds
Fee Waiver Agreement • December 29th, 2009 • Undiscovered Managers Funds
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