0001193125-14-279120 Sample Contracts

NORTHERN FUNDS SUB-ADVISORY AGREEMENT Multi-Manager Large Cap Fund
Sub-Advisory Agreement • July 24th, 2014 • Northern Funds • Illinois

Sub-Advisory Agreement (this “Agreement”) entered into as of the 23rd day of August 2013, by and among Northern Trust Investments, Inc. and The Northern Trust Company of Connecticut (together, the “Advisers”), and Huber Capital Management, LLC, a Delaware limited liability (the “Sub-Adviser”).

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NORTHERN MULTI-MANAGER FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • July 24th, 2014 • Northern Funds

This Amendment (“Amendment”), dated as of the 30th day of June, 2014, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and BlueBay Asset Management LLP (“the Sub-Adviser”).

NORTHERN MULTI-MANAGER FUNDS AMENDMENT NO.2 TO SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • July 24th, 2014 • Northern Funds

This Amendment (“Amendment”), dated as of the 30th day of June, 2014, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and WestEnd Advisors, LLC (“the Sub-Adviser”).

NORTHERN MULTI-MANAGER FUNDS AMENDMENT NO. 2 TO SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • July 24th, 2014 • Northern Funds

This Amendment (“Amendment”), dated as of the 30th day of June, 2014, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Loomis, Sayles & Company, LP (“the Sub-Adviser”).

NORTHERN MULTI-MANAGER FUNDS AMENDMENT NO. 2 TO SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • July 24th, 2014 • Northern Funds

This Amendment (“Amendment”), dated as of the 30th day of June, 2014, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Pzena Investment Management LLC (“the Sub-Adviser”).

NORTHERN MULTI-MANAGER FUNDS AMENDMENT NO. 2 TO SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • July 24th, 2014 • Northern Funds

This Amendment (“Amendment”), dated as of the 30th day of June, 2014, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and PanAgora Asset Management Inc. (the “Sub-Adviser”).

NORTHERN MULTI-MANAGER FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • July 24th, 2014 • Northern Funds

This Amendment (“Amendment”), dated as of the 30th day of June, 2014, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Oaktree Capital Management, L.P. (“the Sub-Adviser”).

NORTHERN MULTI-MANAGER FUNDS AMENDMENT NO. 2 TO SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • July 24th, 2014 • Northern Funds

This Amendment (“Amendment”), dated as of the 30th day of June, 2014, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and DDJ Capital Management, LLC (“the Sub-Adviser”).

NORTHERN MULTI-MANAGER FUNDS AMENDMENT NO. 2 TO SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • July 24th, 2014 • Northern Funds

This Amendment No. 2 to the Sub Advisory Agreement (the “Amendment”), dated as of the 30th day of June, 2014, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Neuberger Berman Fixed Income LLC (“the Sub-Adviser”).

NORTHERN MULTI-MANAGER FUNDS AMENDMENT NO 2 TO SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • July 24th, 2014 • Northern Funds

This Amendment (“Amendment”), dated as of the 30th day of June, 2014, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and NFJ Investment Group LLC (“the Sub-Adviser”).

NORTHERN MULTI-MANAGER FUNDS AMENDMENT NO. 2 TO SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • July 24th, 2014 • Northern Funds

This Amendment (“Amendment”), dated as of the 30th day of June, 2014, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Delaware Investments Fund Advisers (“the Sub-Adviser”), a series of Delaware Management Business Trust.

ASSUMPTION AGREEMENT
Assumption Agreement • July 24th, 2014 • Northern Funds

AGREEMENT made as of December 16, 2013 between NORTHERN TRUST INVESTMENTS, INC. (“NTI”) and THE NORTHERN TRUST COMPANY OF CONNECTICUT (“NTCC”), each a subsidiary of NORTHERN TRUST CORPORATION.

NORTHERN MULTI-MANAGER FUNDS AMENDMENT NO. 2 TO SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • July 24th, 2014 • Northern Funds

This Amendment (“Amendment”), dated as of the 30th day of June, 2014, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Axiom International Investors LLC (“the Sub-Adviser”).

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