0001193125-13-477872 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT BETWEEN SSGA FUNDS MANAGEMENT, INC. AND CBRE CLARION SECURITIES LLC
Investment Sub-Advisory Agreement • December 18th, 2013 • Ssga Funds • Massachusetts

This Agreement is made as of this day of , 20 , between SSgA Funds Management, Inc., a Massachusetts corporation (the “Adviser”) and CBRE Clarion Securities LLC, a Delaware limited liability company (the “Sub-Adviser”).

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RE: SSgA Funds Waiver and Reimbursement Agreement
Ssga Funds • December 18th, 2013

SSgA Funds Management, Inc. (“SSgA FM”), as advisor to the SSgA Funds (the “Funds”), agrees until December 31, 2014 to (i) waive up to the full amount of the advisory fee payable by a Fund, and (ii) to reimburse the Institutional Class of a Fund (exclusive of non-recurring account fees, extraordinary expenses and acquired fund fees and as measured on an annualized basis) to the level of the expense limitation for the Institutional Class of each Fund stated below:

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