0001193125-22-122829 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT Between
Investment Sub-Advisory Agreement • April 27th, 2022 • Penn Series Funds Inc • Maryland

This INVESTMENT SUBADVISORY AGREEMENT (the “Agreement”) is dated as of March 7, 2022, by and between T. Rowe Price Associates, Inc. (the “Adviser”), a corporation organized and existing under the laws of the State of Maryland, United States of America, and T. Rowe Price Investment Management, Inc. (the “Sub-adviser”), a corporation organized and existing under the laws of the State of Maryland, United States of America.

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AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT between PENN MUTUAL ASSET MANAGEMENT, LLC and
Investment Sub-Advisory Agreement • April 27th, 2022 • Penn Series Funds Inc

AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT, made as of March 7, 2022 by and between PENN MUTUAL ASSET MANAGEMENT, LLC (“Adviser”), a limited liability company organized and existing under the laws of the State of Pennsylvania, and T. ROWE PRICE ASSOCIATES, INC. (“Sub-Adviser”), a corporation organized and existing under the laws of the State of Maryland.

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