0001193125-08-211086 Sample Contracts

Investment Advisory Agreement (HARBOR TARGET RETIREMENT FUNDS)
Harbor Funds • October 15th, 2008 • Illinois

Harbor Funds (the “Trust”) has been organized under the laws of Delaware to engage in the business of an investment company. The shares of beneficial interest of the Trust (“Shares”) are divided into multiple series, including the Harbor Target Retirement Funds set forth on Schedule A hereto (each a “Fund” and, collectively, the “Funds”), as established pursuant to a written instrument executed by the Trustees of the Trust. Series may be terminated, and additional series established, from time to time by action of the Trustees. The Trust, on behalf of the Funds, has selected you to act as the investment adviser of the Funds and to provide certain other services, as more fully set forth below, and you are willing to act as such investment adviser and to perform such services under the terms and conditions hereinafter set forth. Accordingly, the Trust agrees with you as follows:

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