0001193125-10-170532 Sample Contracts

NORTHERN FUNDS SUB-ADVISORY AGREEMENT Multi-Manager Small Cap Fund
Sub-Advisory Agreement • July 29th, 2010 • Northern Funds • Illinois

Sub-Advisory Agreement (this “Agreement”) entered into as of the 3rd day of June 2010, by and among Northern Trust Investments, N.A. and The Northern Trust Company of Connecticut (formerly Northern Trust Global Advisors, Inc.) (together, the “Advisers”), and Hotchkis and Wiley Capital Management, LLC a Delaware limited liability company (the “Sub-Adviser”).

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EXPENSE REIMBURSEMENT AGREEMENT
Expense Reimbursement Agreement • July 29th, 2010 • Northern Funds • Illinois

Agreement (“Agreement”) dated as of the 31st day of July, 2010 by and among NORTHERN FUNDS (the “Trust”), a Delaware business trust and a registered investment company under the Investment Company Act of 1940, as amended, NORTHERN TRUST INVESTMENTS, N.A. (“NTI”) and THE NORTHERN TRUST COMPANY OF CONNECTICUT (“NTCC”) (each an “Adviser” and together, the “Advisers”).

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