0001193125-07-044461 Sample Contracts

OLD WESTBURY FUNDS, INC. BESSEMER INVESTMENT MANAGEMENT LLC SUB-ADVISORY AGREEMENT Global Small Cap Fund
Sub-Advisory Agreement • March 1st, 2007 • Old Westbury Funds Inc • California

This SUB-ADVISORY AGREEMENT executed as of April 6, 2005, by and among OLD WESTBURY FUNDS, INC. (hereinafter called “the Fund”), BESSEMER INVESTMENT MANAGEMENT LLC (hereinafter called “the Adviser”), and DIMENSIONAL FUND ADVISORS INC. (hereinafter called “the Sub-Adviser”),

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FOURTH AMENDMENT TO CUSTODIAN AGREEMENT
Custodian Agreement • March 1st, 2007 • Old Westbury Funds Inc

THIS FOURTH AMENDMENT TO CUSTODIAN AGREEMENT dates as of December 6, 2006 by and between OLD WESTBURY FUNDS, INC., a Maryland corporation (the “Fund”), and BESEMER TRUST COMPANY, a New Jersey state chartered bank (“Bessemer”)

GLOBAL CUSTODIAL SERVICES AGREEMENT OLD WESTBURY FUNDS INC.
Custodial Services Agreement • March 1st, 2007 • Old Westbury Funds Inc • New York

THIS GLOBAL CUSTODIAL SERVICES AGREEMENT is made as of March 16, 2005 by and between Old Westbury Funds, Inc., a Maryland corporation and an open-end management investment company registered with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended (the “Client “), and Citibank, N.A. acting through its offices located in New York, New York (the “Custodian”).

FIRST AMENDMENT TO CUSTODIAN AGREEMENT
Custodian Agreement • March 1st, 2007 • Old Westbury Funds Inc

THIS FIRST AMENDMENT TO CUSTODIAN AGREEMENT dated as of December 6, 2006 by and between OLD WESTBURY FUNDS, INC., a Maryland corporation and an open-end management investment company registered with the Securities and Exchange commission under the Investment Company Act of 1940, as amended (the “Client”), and CITIBANK, N.A., acting through its offices located in New York, New York (the “Custodian”).

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