0001193125-05-208931 Sample Contracts

EXPENSE LIMITATION AGREEMENT

Expense Limitation Agreement • October 26th, 2005 • William Blair Funds

• Contract Type
  Expense Limitation Agreement
• Filed
  October 26th, 2005
• Company
  William Blair Funds

EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective as of July 19, 2005 by and between William Blair & Company, L.L.C., an Illinois limited liability company (the “Advisor”) and William Blair Funds (the “Trust”), on behalf of the William Blair International Small Cap Growth Fund series of the Trust (the “Fund”).

SHAREHOLDER ADMINISTRATION AGREEMENT (CLASS N AND I)

Shareholder Administration Agreement • October 26th, 2005 • William Blair Funds • Illinois

• Contract Type
  Shareholder Administration Agreement
• Filed
  October 26th, 2005
• Company
  William Blair Funds
• Jurisdiction
  Illinois

AGREEMENT made as of this 25th day of October, 2005 by and between WILLIAM BLAIR FUNDS, a Delaware statutory trust (the Trust”), on behalf of the William Blair International Small Cap Growth Fund (the “Fund”), and WILLIAM BLAIR & COMPANY, L.L.C., an Illinois limited liability company (“William Blair”).

Re: Management Agreement with William Blair Funds dated

Management Agreement • October 26th, 2005 • William Blair Funds

• Contract Type
  Management Agreement
• Filed
  October 26th, 2005
• Company
  William Blair Funds

Pursuant to Section 2 of the Management Agreement, we are hereby providing notification of a new series of the William Blair Funds to be called “William Blair International Small Cap Growth Fund” (the “New Portfolio”). Attached hereto are amended Appendix A and B to the Management Agreement to reflect, among other things, the appropriate management fees and initial term end for the New Portfolio.