0001571049-15-010339 Sample Contracts

SUB-ADVISORY AGREEMENT Voya Mutual Funds
Sub-Advisory Agreement • December 24th, 2015 • Voya MUTUAL FUNDS • Arizona

This AGREEMENT is made as of this 2nd day of March, 2015, between Voya Investments, LLC, an Arizona limited liability company (the “Manager”), and Victory Capital Management Inc., an New York corporation (the “Sub-Adviser”).

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SUB-ADVISORY AGREEMENT Voya MUTUAL FUNDS
Sub-Advisory Agreement • December 24th, 2015 • Voya MUTUAL FUNDS • Arizona

AGREEMENT, effective as of November 18, 2014, between Voya Investments, LLC, an Arizona limited liability company (the “Manager”), and Wellington Management Company, LLP, a Massachusetts limited liability partnership (the “Sub-Adviser”).

SUB-ADVISORY AGREEMENT Voya MUTUAL FUNDS
Sub-Advisory Agreement • December 24th, 2015 • Voya MUTUAL FUNDS • Maryland

This AGREEMENT, effective as of November 18, 2014, among Voya Mutual Funds, a Delaware statutory trust (the “Fund”), Voya Investments, LLC (the “Manager”), an Arizona limited liability company, and T. Rowe Price Associates, Inc. (the “Sub-Adviser”), a Maryland corporation.

SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • December 24th, 2015 • Voya MUTUAL FUNDS • Pennsylvania

AGREEMENT, effective as of November 18, 2014, between Voya Investments, LLC, an Arizona limited liability company (the “Manager”), Voya Mutual Funds, a Delaware statutory trust (the “Fund”) and J.P. Morgan Investment Management Inc. (“Sub-Adviser”), a corporation organized under the laws of the State of Delaware.

AMENDMENT TO SUB-ADVISORY AGREEMENT between VOYA INVESTMENTS, LLC and DELAWARE INVESTMENTS FUND ADVISERS
Sub-Advisory Agreement • December 24th, 2015 • Voya MUTUAL FUNDS

This Amendment, effective as of July 1, 2015, amends the Sub-Advisory Agreement (the “Agreement”) dated November 18, 2014, between Voya Investments, LLC, a limited liability company duly organized in the State of Arizona (the “Manager”), and Delaware Investments Fund Advisers, a management business trust organized and existing under the laws of the State of Delaware (the “Sub-Adviser”).

May 1, 2015 Voya Mutual Funds
Voya MUTUAL FUNDS • December 24th, 2015
FIRST AMENDMENT TO SUB-ADVISORY AGREEMENT VOYA MUTUAL FUNDS
Voya MUTUAL FUNDS • December 24th, 2015

This First Amendment, effective as of the close of business on May 22, 2015, amends the Sub-Advisory Agreement (the “Agreement”), dated November 18, 2014, between Voya Investments, LLC, an Arizona limited liability company (the “Manager”), and Voya Investment Management Co. LLC, a Delaware limited liability company (the “Sub-Adviser”).

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