0001144204-10-010414 Sample Contracts

Contract
Investment Sub-Advisory Agreement • February 26th, 2010 • M Fund Inc • Maryland

THIS AGREEMENT made and entered into this 12th day of October, 2009, by and between M Financial Investment Advisers, Inc., a corporation organized and existing under the laws of the State of Colorado (the "Adviser"), and DSM Capital Partners, LLC, a limited liability company organized and existing under the laws of the State of Delaware (the "Sub-Adviser").

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Contract
Sub-Advisory Agreement • February 26th, 2010 • M Fund Inc • Maryland

THIS AGREEMENT made and entered into this 1st day of July 2009, by and between M Financial Investment Advisers, Inc., a corporation organized and existing under the laws of the State of Colorado (the “Adviser”), and Iridian Asset Management LLC, a limited liability company organized and existing under the laws of the State of Connecticut (the “Sub-Adviser”).

AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT for the FRONTIER CAPITAL APPRECIATION FUND
Amendment • February 26th, 2010 • 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”).

AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT for the BRANDES INTERNATIONAL EQUITY FUND
Investment Sub-Advisory Agreement • February 26th, 2010 • 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”).

AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • February 26th, 2010 • M Fund Inc

This Amendment (the “Amendment”) is made and entered into October 12, 2009 among M Fund, Inc., a Maryland corporation (the “Fund”) and M Financial Investment Advisers, Inc., a Colorado corporation (the “Adviser;” and with the Fund, the “Parties”).

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