0001144204-19-004151 Sample Contracts

SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • January 31st, 2019 • Pear Tree Funds • Massachusetts

This Sub-Advisory Agreement (this “Agreement”) is dated December 7, 2018 by and between PEAR TREE ADVISORS, INC., a Delaware corporation (the “Manager”), and AXIOM INTERNATIONAL INVESTORS LLC, a Delaware limited liability company (the “Sub-Adviser”).

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PEAR TREE PNC INTERNATIONAL SMALL CAP FUND transfer agent fee Waiver
Pear Tree Funds • January 31st, 2019

Pear Tree Advisors, Inc. (the “Transfer Agent”) serves as the transfer agent for Pear Tree International Small Cap Fund (the “Fund”), a series of Pear Tree Funds (the “Trust”), pursuant to the Amended and Restated Transfer Agent and Service Agreement dated May 1, 2008, as amended (the “Transfer Agent Agreement”), between the Transfer Agent and the Trust.

Amendment No. 1 to PEAR TREE ADVISORS, INC. INVESTMENT SUB-ADVISORY AGREEMENT
Pear Tree • January 31st, 2019 • Pear Tree Funds

Amendment No. 1 dated December 1, 2018 to the Investment Sub-Advisory Agreement dated February 15, 2018 (the “Sub-Advisory Agreement”) between Pear Tree Advisors, Inc. (the “Manager”) and Chartwell Investment Partners, LLC (the “Sub-Adviser”).

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