0000910472-13-000568 Sample Contracts

THE DUNHAM FUNDS SUB-ADVISORY AGREEMENT
Dunham Funds Sub-Advisory Agreement • February 22nd, 2013 • Dunham Funds • California

This AGREEMENT is dated December 18, 2012 and effective on or about February 25, 2013, among DUNHAM & ASSOCIATES INVESTMENT COUNSEL, INC., a California corporation (the “Adviser”), DUNHAM FUNDS, a Delaware statutory trust (the “Trust”) and SHERWOOD FOREST CAPITAL MANAGEMENT, LLC, a Virginia limited liability corporation (the “Sub-Adviser”) (each a “Party,” and together, the “Parties”).

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SHAREHOLDER SERVICING PLAN AND AGREEMENT
Shareholder Servicing Plan and Agreement • February 22nd, 2013 • Dunham Funds
Underwriting Agreement Schedule A
Underwriting Agreement • February 22nd, 2013 • Dunham Funds
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