0001193125-17-240466 Sample Contracts

NORTHERN FUNDS SUB-ADVISORY AGREEMENT Multi-Manager Emerging Markets Debt Opportunity Fund
Sub-Advisory Agreement • July 28th, 2017 • Northern Funds • Illinois

Sub-Advisory Agreement (this “Agreement”) entered into as of the 16 day of February, 2017, by and among Northern Trust Investments, Inc. (the “Adviser”), and Ashmore Investment Management Limited a company incorporated in England (the “Sub-Adviser”).

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DISTRIBUTION AGREEMENT
Distribution Agreement • July 28th, 2017 • Northern Funds • Delaware

THIS AGREEMENT is made as of this 31st day of May, 2017 (the “Agreement”) by and between Northern Funds (the “Fund”), a Delaware statutory trust, and Northern Funds Distributors, LLC, a Wisconsin limited liability company (the “Distributor”).

AMENDMENT NO. 44 TO THE DECLARATION OF TRUST OF NORTHERN FUNDS (a Delaware statutory trust)
Northern Funds • July 28th, 2017

This Amendment No. 44 (the “Amendment”) to the Agreement and Declaration of Trust of Northern Funds (the “Trust”) amends, effective May 18, 2017, the Agreement and Declaration of Trust of the Trust dated as of February 7, 2000, as amended (the “Declaration of Trust”).

NORTHERN FUNDS AMENDMENT NO. 3 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER EMERGING MARKETS EQUITY FUND
Sub-Advisory Agreement • July 28th, 2017 • Northern Funds

This Amendment (“Amendment”), dated as of the 17th day of June, 2016, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Westwood Global Investments, LLC (“the Sub-Adviser”).

NORTHERN FUNDS AMENDMENT NO. 2 TO SUB-ADVISORY AGREEMENT ACTIVE M INTERNATIONAL EQUITY FUND
Sub-Advisory Agreement • July 28th, 2017 • Northern Funds

This Amendment No. 2 dated as of March 1, 2017 is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Causeway Capital Management LLC (the “Sub-Adviser”).

NORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER INTERNATIONAL EQUITY FUND
Sub-Advisory Agreement • July 28th, 2017 • Northern Funds

This Amendment (“Amendment”), dated as of the 17th day of June, 2016, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Victory Capital Management Inc. (“the Sub-Adviser”).

NORTHERN FUNDS AMENDMENT NO. 3 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER HIGH YIELD OPPORTUNITY FUND
Northern Funds • July 28th, 2017

This Amendment No. 3 dated as of March 1, 2017 is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Neuberger Berman Investment Advisers LLC (formerly known as Neuberger Berman Fixed Income LLC) (the “Sub-Adviser”).

NORTHERN FUNDS EXPENSE REIMBURSEMENT AGREEMENT
Northern Funds • July 28th, 2017 • Northern Funds • Illinois

Agreement (“Agreement”) dated as of the 1st day of January, 2017 by and between NORTHERN FUNDS (the “Trust”), a Delaware business trust and a registered investment company under the Investment Company Act of 1940, as amended, and NORTHERN TRUST INVESTMENTS, INC. (‘‘NTI”).

NORTHERN FUNDS AMENDMENT NO. 3 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER EMERGING MARKETS EQUITY FUND
Sub-Advisory Agreement • July 28th, 2017 • Northern Funds

This Amendment (“Amendment”), dated as of the 17th day of June, 2016, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Axiom International Investors LLC (“the Sub-Adviser”).

NORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER INTERNATIONAL EQUITY FUND
Sub-Advisory Agreement • July 28th, 2017 • Northern Funds

This Amendment (“Amendment”), dated as of the 17th day of June, 2016, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and WCM Investment Management, LLC (“the Sub-Adviser”).

NORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER INTERNATIONAL EQUITY FUND
Sub-Advisory Agreement • July 28th, 2017 • Northern Funds

This Amendment (“Amendment”), dated as of the 17th day of June, 2016, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Cambiar Investors, LLC (“the Sub-Adviser”).

NORTHERN FUNDS AMENDMENT NO. 1 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER INTERNATIONAL EQUITY FUND
Sub-Advisory Agreement • July 28th, 2017 • Northern Funds

This Amendment (“Amendment”), dated as of the 17th day of June, 2016, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Causeway Capital Management LLC (“the Sub-Adviser”).

NORTHERN FUNDS AMENDMENT NO. 3 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER EMERGING MARKETS EQUITY FUND
Sub-Advisory Agreement • July 28th, 2017 • Northern Funds

This Amendment (“Amendment”), dated as of the 17th day of June, 2016, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and PanAgora Asset Management Inc. (“the Sub-Adviser”).

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