0001193125-18-227916 Sample Contracts

NORTHERN FUNDS SUB-ADVISORY AGREEMENT Multi-Manager Global Real Estate Fund
Sub-Advisory Agreement • July 26th, 2018 • Northern Funds • Illinois

Sub-Advisory Agreement (this “Agreement”) entered into as of the 20th day of November, 2017, by and among Northern Trust Investments, Inc. (the “Adviser”), and Massachusetts Financial Services Company, a Delaware corporation (the “Sub-Adviser”).

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NORTHERN FUNDS AGREEMENT TO REIMBURSE ACQUIRED FUND FEES AND EXPENSES
Expense Reimbursement Agreement • July 26th, 2018 • Northern Funds • Illinois

Agreement (“Agreement”) dated as of the 31st day of July, 2018 by and between NORTHERN FUNDS (the “Trust”), a Delaware business trust and a registered investment company under the Investment Company Act of 1940, as amended, and NORTHERN TRUST INVESTMENTS, INC. (‘‘NTI”).

NORTHERN FUNDS EXPENSE REIMBURSEMENT AGREEMENT
Expense Reimbursement Agreement • July 26th, 2018 • Northern Funds • Illinois

Agreement (“Agreement”) dated as of the 1st day of April, 2018 by and between NORTHERN FUNDS (the “Trust”), a Delaware business trust and a registered investment company under the Investment Company Act of 1940, as amended, and NORTHERN TRUST INVESTMENTS, INC. (“NTI”).

NORTHERN FUNDS AMENDMENT NO. 4 TO SUB-ADVISORY AGREEMENT ACTIVE M EMERGING MARKETS EQUITY FUND
Sub-Advisory Agreement • July 26th, 2018 • Northern Funds

This Amendment No. 4 (“Amendment”), dated as of the 23rd day of February, 2018, is entered into between Northern Trust Investments, Inc. (the “Adviser”) and Axiom International Investors LLC (“the Sub-Adviser”).

NORTHERN FUNDS AMENDMENT NO. 3 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER HIGH YIELD OPPORTUNITY FUND
Sub-Advisory Agreement • July 26th, 2018 • Northern Funds

This Amendment (“Amendment”), dated as of the 1st day of December, 2017, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and DDJ Capital Management, LLC (“the Sub-Adviser”).

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