0001193125-15-370415 Sample Contracts

FLEXSHARES TRUST LICENSE AGREEMENT
License Agreement • November 6th, 2015 • FlexShares Trust • Illinois

This License Agreement (the “Agreement”) is entered into as of October 30, 2015, by and between Northern Trust Investments, Inc., an Illinois State Banking Corporation (the “Licensor”), and FlexShares Trust (the “Licensee”), a Maryland statutory trust.

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EXPENSE REIMBURSEMENT AGREEMENT
Expense Reimbursement Agreement • November 6th, 2015 • FlexShares Trust • Illinois

Agreement (“Agreement”) dated as of October 8, 2015 by and between FLEXSHARES TRUST (the “Trust”), a Maryland statutory trust and a registered investment company under the Investment Company Act of 1940, as amended (the “1940 Act”) and NORTHERN TRUST INVESTMENTS, INC. (“NTI”).

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