0001410368-09-000099 Sample Contracts

AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT for the BRANDES INTERNATIONAL EQUITY FUND
Sub- • August 28th, 2009 • M Fund Inc

This Amendment (the “Amendment”) is made and entered into April 16, 2009 among M Financial Investment Advisers, Inc., a Colorado corporation (the “Adviser”) and Brandes Investment Partners, L.P. a California limited partnership (the “Sub-Adviser;” and with the Adviser, the “Parties”).

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AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT for the FRONTIER CAPITAL APPRECIATION FUND
Sub- • August 28th, 2009 • M Fund Inc

This Amendment (the “Amendment”) is made and entered into April 16, 2009 among M Financial Investment Advisers, Inc., a Colorado corporation (the “Adviser”) and Frontier Capital Management Company, LLC a Delaware limited liability company (the “Sub-Adviser;” and with the Adviser, the “Parties”).

SUB-ITEM 77Q(1)(e)(5)
Sub- • August 28th, 2009 • M Fund Inc • Maryland
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