Common use of Advisory Services Clause in Contracts

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with and will ensure that the portion of the portfolio of the Fund allocated to you conforms with the Investment Company Act and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects of

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You Without any required consultation with the Adviser or the Board of Trustees prior to making a security acquisition or disposition, you will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), as specified by the Adviser to you, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the performance of your duties hereunder, you Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority the Fund from violating applicable federal securities laws. You agree to act for or represent provide the Trust or and the Fund in any way or otherwise be deemed Adviser with such reports and certifications and with such access to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to meet with notify the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program Adviser immediately upon detection of the portion any breach of any of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit ’s policies, guidelines or restrict the right of any of your directorsOAKTREE CAPITAL MANAGEMENT, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofL.P.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, subject further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio assets which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that the portion of the portfolio of the Fund allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser You shall provide you with written statements at no time have custody of the Declaration of Trust; By-laws; investment objective Fund’s assets and policies; prospectus and statement of additional information and instructions, as in effect from time shall have no authority to time; and you deliver or pay securities or cash to yourself or any third party. You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. In The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the performance issuers of your duties hereunder, you are securities and other investments in the portion of the assets of the Fund managed by you. You shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act responsible for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent administration of the Trust proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the Fund or best interests of the AdviserFund’s shareholders. You will make your officers are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and employees available shareholder communications relating to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of securities held in the portion of the Fund's ’s assets allocated to you in managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the light Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of current the issuers, proposals voted on, how the Fund’s shares were voted and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right your resolution of any conflicts of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofinterest.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are reasonably designed to prevent yourself and, as a result, the Fund from violating applicable federal securities laws relating to that portion of the Fund’s assets allocated to you. You agree to provide the Trust PACIFIC INVESTMENT MANAGEMENT COMPANY LLC HARBOR COMMODITY REAL RETURN STRATEGY FUND SEPTEMBER 1, 2008 and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you, provided that you may retain a copy as required for regulatory recordkeeping purposes. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4. You shall not be responsible for taking any action to vote proxies for publicly traded equity securities. Notwithstanding the foregoing, you may receive information concerning assets held by the Fund, including without limitation, conversion rights, subscription rights, warrants, options, pendency of calls, maturities of securities, expiration of rights, tender or exchange offers, or any other right or power requiring a discretionary decision by you. With respect to assets other than publicly traded equity securities, you shall, when in the best interests of the Fund exercise such rights and/or powers. Additionally, you may PACIFIC INVESTMENT MANAGEMENT COMPANY LLC HARBOR COMMODITY REAL RETURN STRATEGY FUND SEPTEMBER 1, 2008 receive and take action with respect to debt restructurings, reorganizations, refinancings or similar events with respect to securities or loans held in the Fund’s portfolio, and may receive and take action with respect to proxies for private equity securities. Your investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial futures contracts and options thereon, in accordance with the SAI and Prospectus for the Trust. To implement your investment authority, you are authorized to: (i) open and maintain brokerage accounts for derivative instruments, including financial futures and options and swaps (such accounts hereinafter referred to as “brokerage accounts”) on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund, standard customer agreements with a broker or brokers. You may, using such of the securities and other property in the Fund’s portfolio as you deem necessary or desirable, direct the custodian to deposit on behalf of the Fund’s portfolio, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as you deem desirable or appropriate. You may delegate trade execution and other support functions (but not portfolio management) to your affiliates and may share such information as necessary to accomplish these purposes. Additionally, you may delegate back office services to State Street Investment Manager Solutions, LLC (“State Street IMS”). In all cases, you shall remain liable as if such services were provided by you directly. No additional fees shall be imposed for such services except as otherwise agreed. The Adviser represents, warrants and covenants that: (i) the Fund is a “qualified institutional buyer” (“QIB”) as defined in Rule 144A under the Securities Act of 1933, as amended, and will promptly notify you if the Fund ceases to be a QIB; (ii) the Fund is a “qualified eligible person” (“QEP”) as defined in Commodity Futures Trading Commission Rule 4.7 (“CFTC Rule 4.7”), and will promptly notify you if the Fund ceases to be a QEP; and (iii) the Fund hereby consents to be treated as an “exempt account” under CFTC Rule 4.7. Notwithstanding any other provision to the contrary, you shall have no obligation to perform the following services or to have your employees perform the following roles, as applicable: (a) preparing and filing material for distribution to shareholders of the Fund, including statistical information about the Fund and material regarding the Fund’s performance or investments; (b) providing your employees to serve as officers of the Trust; or (c) providing your employees to serve as the Trust’s Chief Compliance Officer and associated staff.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms complies with the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's ’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects of.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold , and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directorspartners, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective and policies of the Fund Organizational Documents, as set forth in the Fund's Prospectus and Statement of Additional Information amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees Directors or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. If and when the Adviser is notified of any such addition or Xxxxxxxx Investment Management North America Inc. EMBARK CAYMAN FUND V LTD JANUARY 17, 2024 withdrawal, the Adviser shall promptly notify you of the same. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in effect, and other provisions of the Fund's Prospectus and Statement of Additional Information’s Organizational Documents, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees Directors may from time to time establish and deliver to youyou in writing. In accordance with paragraph 56, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities and other financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Organizational Documents; the Fund’s written investment objectives and policies; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms complies in all material respects with the Investment Company Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all applicable rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement ’s Organizational Documents, as amended or supplemented under supplemented. You shall also ensure, in managing the Securities Fund’s assets and with respect to the Harbor Fund’s investment in the Fund, that the Harbor Fund remains in compliance in all material respects with all applicable requirements of the Investment Company Act of 19331940, as amended (the “Investment Company Act”), and all rules and regulations thereunder and with the Internal Revenues Code of 1986, as amended. For the avoidance of doubt, you shall not provide the Adviser with tax advice or accounting advice or services and shall have no responsibility to take into account the Adviser’s tax status in providing the services set forth hereunder. You are under no obligation to report to the Adviser on the tax consequences of buying or selling assets in the Fund. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Fund and the Adviser with such reports and certifications and with such access to your officers and employees as the Fund Xxxxxxxx Investment Management North America Inc. EMBARK CAYMAN FUND V LTD JANUARY 17, 2024 or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any material breach of any of the Fund’s policies, guidelines or procedures and of any material violation of any applicable law or regulation relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser that would reasonably be considered material to the Adviser. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly upon request and without any charge to the Fund any of such records required to be maintained by you; provided, however, that copies may be (i) retained for legal or compliance reasons; or (ii) stored on a hard drive of a computer to the extent it is not capable of being deleted or expunged therefrom. Any information retained pursuant to (i) or (ii) above shall remain at all times subject to the terms of this Agreement. Upon reasonable request from the Adviser, you will reasonably assist the Fund in valuing securities or other financial instruments of the Fund as may be required from time to time, including making available, upon request, information of which you have knowledge related to the securities or other financial instruments being valued. You shall use commercially reasonable efforts to promptly provide the Fund and the Adviser with any information you receive regarding opt in class action claims involving any security held in the Fund as part of your management of the mandate and shall cooperate with the Fund and the Adviser upon their request by providing factual information in your possession regarding such securities to the extent legally permissible and necessary for the Fund or the Adviser to pursue and/or participate in any such action. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's Fund’s Board of Directors or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. You will cooperate with the Fund’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 5. Xxxxxxxx Investment Management North America Inc. EMBARK CAYMAN FUND V LTD JANUARY 17, 2024 You may not delegate to any person, including to one or more companies that you control, are controlled by, or are under common control with, or to specified employees of any such companies, any of your duties under this Agreement without the prior written consent of the Adviser. You are authorized and have engaged your affiliate, Schroder Investment Management North America Limited, to perform investment advisory services for the Fund. Notwithstanding anything in this provision or this Agreement to the contrary, the Adviser acknowledges and agrees that you may perform non-portfolio management services contemplated by this Agreement directly or through your affiliates as you believe reasonably necessary to assist you in carrying out your obligations under this Agreement.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. NORTHERN CROSS, LLC HARBOR INTERNATIONAL FUND JUNE 1, 2011 You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. You shall also exercise or direct the exercise of any privilege or right attaching to that portion of the Fund’s assets that are allocated to you, including corporate actions; provided, however that the Fund shall retain all power and authority to vote any proxies solicited by or with respect to the issuers of such assets. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act; provided that the Adviser shall retain its oversight responsibilities with respect to the Fund’s compliance with the foregoing laws, rules and regulations. You shall maintain written compliance policies and procedures that are reasonably designed to prevent violation by you and, in connection with carrying out your duties to the Fund hereunder, the Fund of applicable federal securities laws (as defined in Rule 38a-1 under the Investment Company Act). You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any material breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the XXXXXXXX CAPITAL MANAGEMENT, INC. HARBOR CONVERTIBLE SECURITIES FUND MAY 1, 2011 Fund or your activities as an investment adviser generally that, in each case, could have a material adverse effect on the Fund or the provision of your services hereunder. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you; provided, however, that you (i) shall not be required to transfer any material that is not legally required to be maintained by or on behalf of the Fund and that constitutes your proprietary information and analyses (except as may be required by law or legal process); and (ii) may retain copies of such records, which shall remain confidential as they relate to the Trust. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4. The Adviser and the Trust understand and agree that nothing contained in this Agreement shall be deemed to impose upon you any obligation to purchase or sell, or to recommend for purchase or sale, for the Fund’s account any security or other asset that you or your employees or affiliates may purchase or sell for your or their own account or for the account of any other client, if in your sole discretion it is for any reason undesirable or impracticable to take such action or make such recommendation for the Fund’s account.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You Without any required consultation with the Adviser or the Board of Trustees prior to making a security acquisition or disposition, you will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), as specified by the Adviser to you, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the performance of your duties hereunder, you Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority the Fund from violating applicable federal securities laws. You agree to act for or represent provide the Trust or and the Fund in any way or otherwise be deemed Adviser with such reports and certifications and with such access to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of that the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofor

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth setforth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall Advisershall provide you with written statements of ofthe Declaration ofTrust; the Declaration of Trust; By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. ELK CREEK PARTNERS, LLC HARBOR SMALL CAP GROWTH OPPORTUNITIES FUND FEBRUARY 1, 2014 You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-l under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or Trustor the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate to you from time to time's, which advice shall be consistent with the investment objective and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by the Fund, and what portion of the Fund's assets shall be held or sold by the Fund, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-By- Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities for the Fund's account with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviseryou. The Adviser shall provide you with written statements of the Declaration of Trust; By-lawsBy- Laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with and will ensure that the portion of the portfolio of the Fund allocated to you conforms with the Investment Company Act and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you Fund in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directorspartners, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. NORTHERN CROSS, LLC HARBOR INTERNATIONAL FUND JULY 1, 2013 You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Act, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities and financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any material breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. XXXXXXXX ASSOCIATES LLC HARBOR CAPITAL APPRECIATION FUND JULY 1, 2013 In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's ’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees as the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. XXXXX XXXXXX ASSET MANAGEMENT LLC HARBOR INTERNATIONAL SMALL CAP FUND MAY 23, 2019 You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly upon request and without any charge to the Fund any of such records required to be maintained by you. Upon reasonable request from the Adviser, you will reasonably assist the Valuation Committee of the Trust in valuing securities or other financial instruments of the Fund as may be required from time to time, including making available information of which you have knowledge related to the securities or other financial instruments being valued. You shall promptly provide the Trust and the Adviser with any information you receive regarding class action claims or any other legal matters involving any security or other financial instrument held in the Fund and shall cooperate with the Trust and the Adviser to the extent reasonably necessary for the Trust or the Adviser to pursue and/or participate in any such action or matter. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due reasonable notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. You will cooperate to the extent reasonably necessary with the Trust’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit, including, but not limited to, their opinion included in the Trust’s annual report under the Investment Company Act and annual amendment to the Trust’s registration statement under the Investment Company Act. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 4. You may not delegate to any person, including to one or more companies that you control, are controlled by, or are under common control with, or to specified employees of any such companies, any of your duties under this Agreement without the prior written consent of the Adviser.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio assets which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that the portion of the portfolio of the Fund allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage ARMXXXXXX XXAX XXSOCIATES, INC. HARBOR LARGE CAP VALUE FUND DECEMBER 5, 2001 ------------------------------- in any other business or to render service of any kind to any other corporation, firm, individual or association.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information as they may be amended in consultation with you, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional InformationInformation as they may be amended in consultation with you, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the XXXXXXX CAPITAL MANAGEMENT, LLC HARBOR FLEXIBLE CAPITAL FUND MARCH 1, 2011 requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that you believe are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any material breach of any of the Fund’s policies, guidelines or procedures as provided to you, and of any material violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to your providing advisory services to the Fund. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you, provided that you may retain a copy. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's ’s officers and Trustees at least quarterly reasonable intervals from time to time on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to XXXXXXX CAPITAL MANAGEMENT, LLC HARBOR FLEXIBLE CAPITAL FUND MARCH 1, 2011 the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate assets that are allocated to you from time to time, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-laws; the Fund's investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that the portion of the portfolio of the Fund allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, subject further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's ’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. XXXXXXX XXXXXXX TREES & XXXXX, INC. HARBOR MONEY MARKET FUND JULY 1, 2013 Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate to you from time to time’s assets, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and financial instruments shall be purchased for such portion of the Fund's assets, what securities and financial instruments shall be held or soldsold by the Fund, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Act, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities and financial instruments with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s investment objective objectives and policiespolicies and procedures; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that the portion of the portfolio your management of the Fund allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Advisers Act”) and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments of the Fund. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the Fund. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access XXXXXXXX ASSOCIATES LLC HARBOR LONG-TERM GROWERS ETF FEBRUARY 2, 2022 to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any material breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to your management of the Fund. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's ’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you Fund in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s then current Prospectus and Statement of Additional Information (as provided in writing to you by the Adviser from time to time) and any investment guidelines or other instructions received in writing from the AdviserAdviser (collectively, the “Guidelines”). You shall not be deemed to have breached the Guidelines as a result of changes in the prices or value of assets of the Fund brought about solely through movements in the market or by withdrawals from the Fund. In such circumstances you shall endeavour to reduce any holding which contravene the restrictions set out in the Guidelines as soon as practicable, subject to always protecting the Fund’s interests and your duty of best execution. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional InformationGuidelines, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to youyou in writing. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. It is acknowledged that you are authorised, to the extent permitted by law (including without limitation the FCA Rules (as defined below)) to enter into arrangements with brokers for the provision of goods and services in addition to the execution of orders. Your policy regarding such arrangements is as provided to us in writing from time to time. You will supply further details of your policy to the Adviser upon request. You will also provide the Adviser with adequate information regarding such arrangements on a bi-annual basis, in accordance with FCA Rules. Your order execution policy also contains information on other arrangements, where you receive a fee, commission or non-monetary benefit paid or provided to or by a third party or a person acting on behalf of a third party. The Adviser acknowledges that you will not hold any of the Fund’s money, whether in the UK or elsewhere. It is acknowledged that you will treat the Fund as a Professional Client within the meaning of the rules of the Financial Conduct Authority (the “FCA Rules”) in relation to the services to be provided under this Agreement. Because of the status of the Fund it may not be entitled to compensation under the UK’s Financial Services Compensation Scheme in the event that you are unable to meet your liabilities. MARATHON ASSET MANAGEMENT LLP HARBOR DIVERSIFIED INTERNATIONAL ALL CAP FUND NOVEMBER 1, 2015 It is further acknowledged that you have in operation a written procedure in accordance with the FCA Rules for the effective consideration and proper handling of complaints from customers. Any complaint may be referred to your Compliance Officer at your registered office. The appendices to this Agreement include information required to be given to the Adviser and Trustees pursuant to the FCA Rules. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as provided to you in effect writing from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, to the extent applicable, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, thereunder and all other applicable federal and state laws and regulations regulations. You shall maintain suitable written compliance policies and procedures that you reasonably believe are adequate to ensure your compliance with your duties as an investment adviser under the Investment Advisers Act. You agree to provide the Trust and the Adviser with copies of such policies and with reasonable access in the provisions UK (being not more than once per calendar year in the case of face to face meetings) to your officers and employees on reasonable notice where the Trust or Adviser may reasonably request such access for the purpose of assessing the adequacy of your compliance policies and procedures. You acknowledge and agree that other dialogue, whether over the telephone, or via email, may be entered into from time to time between the parties. You agree to notify the Adviser promptly upon detection of any material breach of any of your policies that you reasonably believe would have a material adverse effect on the Fund or a material adverse effect on your activities as an investment adviser generally, or of the Guidelines and of any violation of any applicable law or regulation relating to that portion of the Fund's Registration Statement as amended or supplemented ’s assets allocated to you. You shall maintain all books and records relating to the services you provide under this Agreement to the Securities Act Fund and shall timely furnish to the Adviser all information relating to your services hereunder where requested by the Adviser in order to keep the other books and records of 1933, as amended, and the Fund required by Rule 31a-1 under the Investment Company Act. You agree that you shall promptly and without any charge provide copies of any such records to the Adviser. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make members of either your officers and employees portfolio management team or experienced members of your client services team who have detailed knowledge of the Fund’s performance available to meet for conference calls (during normal business hours in the UK) with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due reasonable notice to review the investments and investment program of MARATHON ASSET MANAGEMENT LLP HARBOR DIVERSIFIED INTERNATIONAL ALL CAP FUND NOVEMBER 1, 2015 the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective and policies of the Fund Organizational Documents, as set forth in the Fund's Prospectus and Statement of Additional Information amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees Directors or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other QUANTIX COMMODITIES LP HARBOR CAYMAN INFLATION FOCUS LTD FEBRUARY 9, 2022 financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in effect, and other provisions of the Fund's Prospectus and Statement of Additional Information’s Organizational Documents, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees Directors may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities and other financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Organizational Documents; the Fund’s written investment objectives and policies; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms complies with the Investment Company Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement ’s Organizational Documents, as amended or supplemented under supplemented. You shall also ensure, in managing the Securities Fund’s assets and with respect to the Harbor ETF’s investment in the Fund, that the Harbor ETF remains in compliance with all applicable requirements of the Investment Company Act of 19331940, as amended (the “Investment Company Act”), and all rules and regulations thereunder and with the Internal Revenues Code of 1986, as amended. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Fund and the Adviser with such reports and certifications and with such access to your officers and employees as the Fund or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. QUANTIX COMMODITIES LP HARBOR CAYMAN INFLATION FOCUS LTD FEBRUARY 9, 2022 You shall keep records of trade activity and trade confirms and other books and records related to the services that you provide to the Fund required to be kept by you pursuant to Rule 31a-1 under the Investment Company act and other applicable legal and regulatory requirements and shall timely furnish all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly upon request and without any charge to the Fund any of such records required to be maintained by you. Upon reasonable request from the Adviser, you will reasonably assist the Fund in valuing securities or other financial instruments of the Fund as may be required from time to time, including making available information of which you have knowledge related to the securities or other financial instruments being valued. You shall promptly provide the Fund and the Adviser with any information you receive regarding class action claims or any other legal matters involving any security or other financial instrument held in the Fund and shall cooperate with the Fund and the Adviser to the extent necessary for the Fund or the Adviser to pursue and/or participate in any such action or matter. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's Fund’s Board of Directors or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. You will cooperate with the Fund’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 4. You may not delegate to any person, including to one or more companies that you control, are controlled by, or are under common control with, or to specified employees of any such companies, any of your duties under this Agreement without the prior written consent of the Adviser. QUANTIX COMMODITIES LP HARBOR CAYMAN INFLATION FOCUS LTD FEBRUARY 9, 2022

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities securities, including financial instruments, shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. Your investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial instruments, such as financial futures contracts and options thereon, subject always to the investment objectives, policies and restrictions of the Fund as set forth in the Prospectus and Statement of Additional Information for the Fund. To implement your investment authority, you are authorized to: (i) open and maintain brokerage accounts for derivative instruments, including financial futures and options and swaps (such accounts hereinafter referred to as “brokerage accounts”) on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund, standard customer agreements with a broker or brokers. You may, using such of the securities and other property in the Fund’s portfolio as you deem necessary or desirable, direct the custodian to deposit on behalf of the Fund’s portfolio, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as you deem desirable or appropriate. The Adviser shall provide you with written statements of the Declaration of Trust; , the By-laws; Laws, the Fund’s written investment objective objectives and policies; prospectus , the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. ARISTOTLE CAPITAL MANAGEMENT, LLC HARBOR LARGE CAP VALUE FUND JULY 1, 2013 You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portions of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all applicable rules and regulations thereunder, the diversification requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure your compliance with the performance foregoing and that are reasonably designed to prevent yourself from violating applicable provisions of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority the Investment Advisers Act. You agree to act for or represent provide the Trust or and the Fund in any way or otherwise be deemed Adviser with such reports and certifications and with such access to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to meet with notify the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program Adviser promptly upon detection of your breach of any material provision of the Fund's policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditionsyou. Nothing in this Agreement shall limit or restrict the right You also agree to notify us promptly upon detection of any material violations of your directors, officers compliance policies and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part procedures that relate to the management Fund or other aspects ofyour activities as an investment adviser generally, such as when, in your reasonable opinion, the violation could have a material adverse impact on the services you provide to your advisory clients.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. ELK CREEK PARTNERS, LLC HARBOR SMALL CAP GROWTH OPPORTUNITIES FUND FEBRUARY 1, 2014 You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio ’s assets which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that the portion of the portfolio of the Fund allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act; provided that the Adviser shall retain its oversight responsibilities with respect to the Fund’s compliance with the foregoing laws, rules and regulations. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's ’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. XXXXXXXX CAPITAL MANAGEMENT, INC. HARBOR HIGH-YIELD BOND FUND JULY 1, 2013 The Adviser and the Trust understand and agree that nothing contained in this Agreement shall be deemed to impose upon you any obligation to purchase or sell, or to recommend for purchase or sale, for the Fund’s account any security or other asset that you or your employees or affiliates may purchase or sell for your or their own account or for the account of any other client, if in your sole discretion it is for any reason undesirable or impracticable to take such action or make such recommendation for the Fund’s account. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association. You shall review all proxy solicitation materials and be responsible for voting and handling all proxies in relation to the securities that you manage for the Fund. The Adviser shall instruct the custodian and other parties providing services to the Fund to promptly forward misdirected proxies to you.

Advisory Services. You Subject to the supervision and approval of ----------------- the Company's Board of Directors, you will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which in accordance with the Board of Trustees determines to allocate to you Fund's investment objective, policies and limitations as stated in the Prospectus as from time to timetime in effect, which advice shall be consistent with the investment objective and policies resolutions of the Fund as set forth in Company's Board of Directors of which you will be advised. In connection therewith, you will obtain and provide investment research and will supervise the Fund's Prospectus investments and Statement conduct a continuous program of Additional Information investment, evaluation and, if appropriate, sale and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion reinvestment of the Fund's assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all You will place orders for the purchase and sale of portfolio securities and will solicit broker-dealers to execute transactions in accordance with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective policies and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documentsrestrictions regarding brokerage allocations. You will conform comply with all Rules and Regulations of the Securities and Exchange Commission applicable to you in connection with your performance of this Agreement, and will in addition conduct your activities under this Agreement in accordance with other law, including banking law, applicable to you. You will not make loans for the purpose of purchasing or carrying Fund shares, or make interest-bearing loans to the Company. You will place orders pursuant to your investment determination for the Fund either directly with the issuer or with any broker or dealer selected by you. In executing portfolio transactions and selecting brokers or dealers, you will ensure that use your reasonable best efforts to seek the portion most favorable execution of orders, after taking into account all factors you deem relevant, including the breadth of the market in the security, the price of the security, the financial condition and execution capability of the broker or dealer, and the reasonableness of the commission, if any, both for the specific transaction and on a continuing basis. Consistent with this obligation, you may, to the extent permitted by law, purchase and sell portfolio securities to and from brokers and dealers who provide brokerage and research services (within the meaning of Section 28(e) of the Securities Exchange Act of 1934) to or for the benefit of the Fund allocated and/or other accounts over which you or any of your affiliates exercisers investment discretion. You are authorized to you conforms with pay to a broker or dealer who provides such brokerage and research services a commission for executing a portfolio transaction for the Investment Company Act and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M Fund which is in excess of the Codeamount of commission another broker or dealer would have charged for effecting that transaction if you determine in good faith that such commission was reasonable in relation to the value of the brokerage and research services provided by such broker or dealer, all other applicable federal viewed in terms of either that particular transaction or your overall responsibilities to the Fund and state laws and regulations and with to the provisions of Company. In no instance will portfolio securities be purchased from or sold to you, or the Fund's Registration Statement principal underwriter, or any affiliated person thereof except as amended or supplemented under permitted by the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofExchange Commission.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s then current Prospectus and Statement of Additional Information (as provided in writing to you by the Adviser from time to time) and any investment guidelines or other instructions received in writing from the AdviserAdviser (collectively, the “Guidelines”). In the event that there is a breach of one or more Guidelines solely as a result of changes in the prices or value of assets of the Fund brought about solely through movements in the market or by withdrawals from the Fund, you shall endeavor to reduce any holding which contravenes the restrictions set out in the Guidelines as soon as practicable, subject to always protecting the Fund’s interests and your duty of best execution. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. Notwithstanding the foregoing, the Adviser agrees that it will not make a recommendation to the Board of Trustees to engage any other subadviser to manage any portion of the Fund’s assets without your prior written consent unless your consent is withheld and the Adviser reasonably determines consistent with its fiduciary obligations that making such a recommendation would be in the best interests of the Fund. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-subadviser. The Adviser or its agents will use best efforts to provide you with access to information regarding such matters as inflows to and outflows from the Fund and the cash requirements of, and cash available for investment adviserin, the Fund. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with CRESCENT CAPITAL GROUP LP HARBOR HIGH-YIELD OPPORTUNITIES FUND NOVEMBER 1, 2017 the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amendedamended (the “Securities Act”), and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and the requirements of Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you. The Adviser will be responsible for all class actions and lawsuits involving the securities held, or formerly held, by the Fund. You are not required to take any action or to render investment-related advice with respect to lawsuits involving the Fund, including those involving securities presently or formerly held by the Fund, or the issuers thereof, including actions involving bankruptcy. However, upon reasonable request, you shall assist the Adviser in evaluating and/or participating in a lawsuit by providing information regarding securities currently or formerly held by the Fund when that information would be more directly known by you. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. Your rights, powers, and duties under this Agreement shall be limited to those specifically set forth in this Agreement. You will make your officers and employees reasonably available to meet with the Trustees and the Trust's officers and Trustees at least quarterly on due notice ’s or Adviser’s officers, in each case with reasonable notice, to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind CRESCENT CAPITAL GROUP LP HARBOR HIGH-YIELD OPPORTUNITIES FUND NOVEMBER 1, 2017 to any other corporation, firm, individual or association, except as specifically prescribed in Section 4. Actions or decisions regarding the Fund may be the same as or different from actions or decisions which you, or any of your affiliates, or any of your or their respective officers, directors, or employees may take with respect to other client accounts so long as you act in good faith.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portions of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, subject further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-lawsLaws; the Fund's written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser You shall provide you with written statements at no time have custody of the Declaration of Trust; By-laws; investment objective Fund’s assets and policies; prospectus and statement of additional information and instructions, as in effect from time shall have no authority to time; and you deliver or pay securities or cash to yourself or any third party. You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. In The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. INCOME RESEARCH & MANAGEMENT HARBOR CORE PLUS FUND FEBRUARY 2, 2022 You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees as the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly upon request and without any charge to the Fund any of such records required to be maintained by you, provided that you may maintain a copy of such records as may be required under applicable law. Upon reasonable request from the Adviser, you will reasonably assist the Valuation Committee of the Trust in valuing securities or other financial instruments of the Fund as may be required from time to time, including making available information of which you have knowledge related to the securities or other financial instruments being valued. You shall promptly provide the Trust and the Adviser with any information you receive regarding class action claims or any other legal matters involving any security or other financial instrument held in the Fund and shall cooperate with the Trust and the Adviser to the extent necessary for the Trust or the Adviser to pursue and/or participate in any such action or matter. For the avoidance of doubt, subject to the preceding sentence, you will not be responsible for advising or taking any action on such legal actions. Unless otherwise contemplated herein, in the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. You will cooperate with the Trust’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit, including, but not limited to, their opinion included in the Trust’s annual report under the Investment Company Act and annual amendment to the Trust’s registration statement under the Investment Company Act. INCOME RESEARCH & MANAGEMENT HARBOR CORE PLUS FUND FEBRUARY 2, 2022 Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 4 or as otherwise agreed upon in writing by you and the Adviser. You may not delegate to any person, including to one or more companies that you control, are controlled by, or are under common control with, or to specified employees of any such companies, any of your duties under this Agreement without the prior written consent of the Adviser.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective and policies of the Fund Organizational Documents, as set forth in the Fund's Prospectus and Statement of Additional Information amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees Directors or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other QUANTIX COMMODITIES LP (Embark Cayman Fund IV Ltd) JANUARY 17, 2024 financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in effect, and other provisions of the Fund's Prospectus and Statement of Additional Information’s Organizational Documents, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees Directors may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities and other financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Organizational Documents; the Fund’s written investment objectives and policies; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms complies with the Investment Company Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement ’s Organizational Documents, as amended or supplemented under supplemented. You shall also ensure, in managing the Securities Fund’s assets and with respect to the Harbor Fund’s investment in the Fund, that the Harbor Fund remains in compliance with all applicable requirements of the Investment Company Act of 19331940, as amended (the “Investment Company Act”), and all rules and regulations thereunder and with the Internal Revenues Code of 1986, as amended. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Fund and the Adviser with such reports and certifications and with such access to your officers and employees as the Fund or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. QUANTIX COMMODITIES LP (Embark Cayman Fund IV Ltd) JANUARY 17, 2024 You shall keep records of trade activity and trade confirms and other books and records related to the services that you provide to the Fund required to be kept by you pursuant to Rule 31a-1 under the Investment Company act and other applicable legal and regulatory requirements and shall timely furnish all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly upon request and without any charge to the Fund any of such records required to be maintained by you. Upon reasonable request from the Adviser, you will reasonably assist the Fund in valuing securities or other financial instruments of the Fund as may be required from time to time, including making available information of which you have knowledge related to the securities or other financial instruments being valued. You shall promptly provide the Fund and the Adviser with any information you receive regarding class action claims or any other legal matters involving any security or other financial instrument held in the Fund and shall cooperate with the Fund and the Adviser to the extent necessary for the Fund or the Adviser to pursue and/or participate in any such action or matter. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's Fund’s Board of Directors or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. You will cooperate with the Fund’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 4. You may not delegate to any person, including to one or more companies that you control, are controlled by, or are under common control with, or to specified employees of any such companies, any of your duties under this Agreement without the prior written consent of the Adviser. QUANTIX COMMODITIES LP (Embark Cayman Fund IV Ltd) JANUARY 17, 2024

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all applicable rules and regulations thereunder, the diversification requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure your compliance with the performance foregoing and that are reasonably designed to prevent yourself from violating applicable provisions of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority the Investment Advisers Act. You agree to act for or represent provide the Trust or and the Fund in any way or otherwise be deemed Adviser with such reports and certifications and with such access to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to meet with notify the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program Adviser promptly upon detection of your breach of any material provision of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditionsyou. Nothing in this Agreement shall limit or restrict the right You also agree to notify us promptly upon detection of any material violations of your directors, officers compliance policies and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part procedures that relate to the management Fund or other aspects ofyour activities as an investment adviser generally, such as when, in your reasonable opinion, the violation could have a material adverse impact on the services you provide to your advisory clients.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any XXXXXXX PARTNERS LLC HARBOR MID CAP FUND DECEMBER 1, 2019 investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. In The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the performance issuers of your duties hereunder, you are securities and other investments in the portion of the assets of the Fund managed by you. You shall be an independent contractor responsible for the exercise of these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent based on the Trust or the Fund in any way or otherwise be deemed to be an agent best interests of the Trust or the Fund or of the AdviserFund’s shareholders. You will make are authorized to instruct the Fund’s custodian as necessary in order for you or your officers designee to receive proxies and employees available shareholder communications relating to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of securities held in the portion of the Fund's ’s assets allocated to you in managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the light Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of current the issuers, proposals voted on, how the Fund’s shares were voted and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right your resolution of any conflicts of your directorsinterest. You are authorized to utilize a third-party service provider for purposes of proxy research, officers voting, recording and employees who may also record-keeping. For the avoidance of doubt, you will not be a trustee, officer responsible for filing of Form N-PX or employee of the Trust to engage in any other business or to devote his or her time and attention regulatory filings in part connection with the exercise of voting rights with respect to the management or other aspects ofFund.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-laws; the Fund's investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunderthereunder as applicable to you, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations as applicable to you and relating to the services provided under this Agreement, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. In C WORLDWIDE ASSET MANAGEMENT FONDSMAEGLERSELSKAB A/S HARBOR INTERNATIONAL COMPOUNDERS ETF SEPTEMBER 7, 2022 The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the performance issuers of your duties hereunder, you are securities and other investments in the portion of the assets of the Fund managed by you. You shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act responsible for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent administration of the Trust proxy voting process and exercising these voting rights or refraining from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the Fund or best interests of the AdviserFund’s shareholders. You will make your officers are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and employees available shareholder communications relating to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of securities held in the portion of the Fund's ’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. For the avoidance of doubt, you will not be responsible for filing Form N-PX or any other regulatory filings for the Fund in connection with your discretionary authority to the exercise of voting rights with respect to the Fund. You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees as the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser as soon as reasonably practicable upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you in you. You also agree to notify the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right Adviser as soon as reasonably practicable upon detection of any material violations of your directorscompliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, officers such as when the violation could be considered material to the Fund or the Adviser. You shall keep the Fund’s books and employees who may also records to be a trustee, officer or employee maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Trust to engage in Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender as soon as reasonably practicable upon request and without any other business or to devote his or her time and attention in part charge to the management or other aspects ofFund any of such records required to be maintained by you. Notwithstanding the foregoing, you shall be entitled to maintain copies of such records as are required to be maintained by you under applicable law and/or pursuant to your compliance policies and procedures.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the performance of your duties hereunder, you Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority the Fund from violating applicable federal securities laws. You agree to act for or represent provide the Trust or and the Fund in any way or otherwise be deemed Adviser with such reports and certifications and with such access to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to meet with notify the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditionsyou. Nothing in this Agreement shall limit or restrict the right You also agree to notify us promptly upon detection of any material violations of your directors, officers compliance policies and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part procedures that relate to the management Fund or other aspects ofyour activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portions of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund's compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund's policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund's assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund's books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. EVERCORE ASSET MANAGEMENT, LLC HARBOR SMALL TO MID CAP VALUE FUND MAY 1, 2007 You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's or Adviser's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are reasonably designed to prevent yourself and, as a result, the Fund from violating applicable federal securities laws relating to that portion of the Fund’s assets allocated to you. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. PACIFIC INVESTMENT MANAGEMENT COMPANY LLC HARBOR REAL RETURN FUND JULY 1, 2013 You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you, provided that you may retain a copy as required for regulatory recordkeeping purposes. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4. You shall not be responsible for taking any action to vote proxies for publicly traded equity securities. Notwithstanding the foregoing, you may receive information concerning assets held in the Account, including without limitation, conversion rights, subscription rights, warrants, options, pendency of calls, maturities of securities, expiration of rights, tender or exchange offers, or any other right or power requiring a discretionary decision by you. With respect to assets other than publicly traded equity securities, you shall, when in the best interests of the Fund exercise such rights and/ or powers. Additionally, you may receive and take action with respect to debt restructurings, reorganizations, refinancings or similar events with respect to securities or loans held in the Fund’s portfolio, and may receive and take action with respect to proxies for private equity securities. Your investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial futures contracts and options thereon, in accordance with the SAI and Prospectus for the Trust. The Adviser will: (i) open and maintain brokerage accounts for derivative instruments including financial futures, options and swaps (such accounts hereinafter referred to as “brokerage accounts”) on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund, standard customer agreements with a broker or brokers. You may, using such of the securities and other property in the Fund’s portfolio as you deem necessary or desirable, direct the custodian to deposit on behalf of the Fund’s portfolio, original and maintenance brokerage deposits and otherwise direct payments PACIFIC INVESTMENT MANAGEMENT COMPANY LLC HARBOR REAL RETURN FUND JULY 1, 2013 of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as you deem desirable or appropriate. You have delivered to us a copy of your Disclosure Document, as amended, dated June 1, 2005, on file with the Commodity Futures Trading Commission. We hereby acknowledge receipt of such copy.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are reasonably designed to prevent yourself and, as a result, the Fund from violating applicable federal securities laws relating to that portion of the Fund’s assets allocated to you. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company PACIFIC INVESTMENT MANAGEMENT COMPANY LLC HARBOR UNCONSTRAINED BOND FUND JULY 1, 2013 Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you, provided that you may retain a copy as required for regulatory recordkeeping purposes. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association. You shall not be responsible for taking any action to vote proxies for publicly traded equity securities. Notwithstanding the foregoing, you may receive information concerning assets held by the Fund, including without limitation, conversion rights, subscription rights, warrants, options, pendency of calls, maturities of securities, expiration of rights, tender or exchange offers, or any other right or power requiring a discretionary decision by you. With respect to assets other than publicly traded equity securities, you shall, when in the best interests of the Fund, exercise such rights and/or powers. Additionally, you may receive and take action with respect to debt restructurings, reorganizations, refinancings or similar events with respect to securities or loans held in the Fund’s portfolio, and may receive and take action with respect to proxies for private equity securities. Your investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial futures contracts and options thereon, in accordance with the SAI and Prospectus for the Trust. To implement your investment authority, you are authorized to: (i) open and maintain brokerage PACIFIC INVESTMENT MANAGEMENT COMPANY LLC HARBOR UNCONSTRAINED BOND FUND JULY 1, 2013 accounts for derivative instruments, including financial futures and options and swaps (such accounts hereinafter referred to as “brokerage accounts”) on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund, standard customer agreements with a broker or brokers. You may, using such of the securities and other property in the Fund’s portfolio as you deem necessary or desirable, direct the custodian to deposit on behalf of the Fund’s portfolio, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as you deem desirable or appropriate. You may delegate trade execution and other support functions (but not portfolio management) to your affiliates and may share such information as necessary to accomplish these purposes. Additionally, you may delegate back office services to State Street Investment Manager Solutions, LLC (“State Street IMS”) and its affiliates. In all cases, you shall remain liable as if such services were provided by you directly. No additional fees shall be imposed for such services except as otherwise agreed. The Adviser represents, warrants and covenants that: (i) the Fund is a “qualified institutional buyer” (“QIB”) as defined in Rule 144A under the Securities Act of 1933, as amended, and will promptly notify you if the Fund ceases to be a QIB;(ii) the Fund is a “qualified eligible person” (“QEP”) as defined in Commodity Futures Trading Commission Rule 4.7 (“CFTC Rule 4.7”), and will promptly notify you if the Fund ceases to be a QEP; and (iii) the Fund hereby consents to be treated as an “exempt account” under CFTC Rule 4.7. Notwithstanding any other provision to the contrary, you shall have no obligation to perform the following services or to have your employees perform the following roles, as applicable: (a) preparing and filing material for distribution to shareholders of the Fund, including statistical information about the Fund and material regarding the Fund’s performance or investments; (b) providing your employees to serve as officers of the Trust; or (c) providing your employees to serve as the Trust’s Chief Compliance Officer and associated staff.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portion of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you Fund in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective and policies of the Fund Organizational Documents, as set forth in the Fund's Prospectus and Statement of Additional Information amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees Directors or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in effect, and other provisions of the Fund's Prospectus and Statement of Additional Information’s Organizational Documents, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees Directors may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities and other financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Organizational Documents; the Fund’s written investment objectives and policies; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms complies with the Investment Company Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement ’s Organizational Documents, as amended or supplemented under supplemented. You shall also ensure, in managing the Securities Fund’s assets and with respect to the Harbor ETF’s investment in the Fund, that the Harbor ETF remains in compliance with all applicable requirements of the Investment Company Act of 19331940, as amended (the “Investment Company Act”), and all rules and regulations thereunder and with the Internal Revenues Code of 1986, as amended. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Fund and the Adviser with such reports and certifications and with such access to your officers and employees as the Fund or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. QUANTIX COMMODITIES LP HARBOR CAYMAN ENERGY TRANSITION LTD JULY 13, 2022 You shall keep records of trade activity and trade confirms and other books and records related to the services that you provide to the Fund required to be kept by you pursuant to Rule 31a-1 under the Investment Company act and other applicable legal and regulatory requirements and shall timely furnish all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly upon request and without any charge to the Fund any of such records required to be maintained by you. Upon reasonable request from the Adviser, you will reasonably assist the Fund in valuing securities or other financial instruments of the Fund as may be required from time to time, including making available information of which you have knowledge related to the securities or other financial instruments being valued. You shall promptly provide the Fund and the Adviser with any information you receive regarding class action claims or any other legal matters involving any security or other financial instrument held in the Fund and shall cooperate with the Fund and the Adviser to the extent necessary for the Fund or the Adviser to pursue and/or participate in any such action or matter. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's Fund’s Board of Directors or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. You will cooperate with the Fund’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 4. You may not delegate to any person, including to one or more companies that you control, are controlled by, or are under common control with, or to specified employees of any such companies, any of your duties under this Agreement without the prior written consent of the Adviser. QUANTIX COMMODITIES LP HARBOR CAYMAN ENERGY TRANSITION LTD JULY 13, 2022

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in advance and in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act and Investment Advisers Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing and in advance from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall be fully protected and shall have no responsibility liability for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all applicable rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure that the provision or your services hereunder are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such reasonable access to your key officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to promptly notify the Adviser of any failure to manage in accordance with the Fund’s investment objective, policies and guidelines or any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, regarding that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your provision of services to the Fund. LSV ASSET MANAGEMENT HARBOR MID CAP VALUE FUND JULY 1, 2013 In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make a director-level employee of your officers firm who is qualified to discuss your investment strategy and results in detail, and, if necessitated by the agenda of the meeting, other qualified employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due semi-annually and at such other times as the Trust or Adviser may reasonably request, and you may agree, upon prior notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditionsyou. Nothing in this Agreement shall limit or restrict the right of any of your directors, partners, officers and and/or employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be CoreCommodity Management, LLC consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities and other financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure maintain policies and procedures reasonably designed to provide that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. CoreCommodity Management, LLC EMBARK COMMODITY STRATEGY FUND JANUARY 17, 2024 You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees as the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the books and records to be maintained by you in relation to your services to the Fund and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly upon request and without any charge to the Fund any of such records required to be maintained by you, although you may retain copies in keeping with your policies for compliance with applicable laws, rules and regulations. Upon reasonable request from the Adviser, you will reasonably assist the Valuation Committee of the Trust in valuing securities or other financial instruments of the Fund as may be required from time to time, including making available information of which you have knowledge related to the securities or other financial instruments being valued. You shall promptly provide the Trust and the Adviser with any information you receive regarding class action claims or any other legal matters involving any security or other financial instrument held in the Fund and shall cooperate with the Trust and the Adviser to the extent necessary for the Trust or the Adviser to pursue and/or participate in any such action or matter. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. You will cooperate with the Trust’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit, including, but not limited to, their opinion included in the Trust’s annual report under the Investment Company Act and annual amendment to the Trust’s registration statement under the Investment Company Act. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 4. CoreCommodity Management, LLC EMBARK COMMODITY STRATEGY FUND JANUARY 17, 2024 You may not delegate to any person, including to one or more companies that you control, are controlled by, or are under common control with, or to specified employees of any such companies, any of your duties under this Agreement without the prior written consent of the Adviser.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment subinvestment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with and will ensure that the portion of the portfolio of the Fund allocated to you conforms with the Investment Company Act and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects of

Advisory Services. You will regularly provide the each Fund with advice concerning the investment management of that portion of the each Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the each Fund as set forth in the Fund's ’s ROBECO INSTITUTIONAL ASSET MANAGEMENT US INC. HARBOR ROBECO SERIES DECEMBER 1, 2019 Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the a Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the each Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of each Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the each Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the each Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; a Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund each Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the each Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. In The Board has delegated to you discretionary authority to exercise voting rights (“voting rights”) with respect to all proxies solicited by or with respect to the performance issuers of your duties hereunder, you are securities and other investments in the portion of the assets of each Fund managed by you. You shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act responsible for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent administration of the Trust proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the Fund or best interests of each Fund’s shareholders. You are authorized to instruct each Fund’s custodian as necessary to ensure your receipt of all proxies and shareholder communications relating to securities held in the Adviserportion of each Fund’s assets managed by you. You will make maintain appropriate records detailing your voting of proxies on behalf of each Fund and, upon the Adviser’s reasonable request, will provide a report setting forth, at a minimum, the names of the issuers, proposals voted on, how each Fund’s shares were voted and your resolution of any conflicts of interest. You shall maintain written compliance policies and procedures that are reasonably designed to ensure each Fund’s compliance with the foregoing and to prevent yourself and each Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees available to meet with as the Trust's officers and Trustees at least quarterly on due notice to review Trust or Adviser may reasonably request for the investments and investment program purpose of assessing the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any adequacy of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofcompliance

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective and policies of the Fund Organizational Documents, as set forth in the Fund's Prospectus and Statement of Additional Information amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees Directors or the Adviser may, from time to time, make additions to and withdrawals from the Summerhaven Capital Management, LLC EMBARK CAYMAN FUND VI LTD JANUARY 17, 2024 assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in effect, and other provisions of the Fund's Prospectus and Statement of Additional Information’s Organizational Documents, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees Directors may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Organizational Documents; the Fund’s written investment objectives and policies; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms complies with the Investment Company Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement ’s Organizational Documents, as amended or supplemented under supplemented. You shall also ensure, in managing the Securities Fund’s assets and with respect to the Harbor Fund’s investment in the Fund, that the Harbor Fund remains in compliance with all applicable requirements of the Investment Company Act of 19331940, as amended (the “Investment Company Act”), and all rules and regulations thereunder and with the Internal Revenues Code of 1986, as amended. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Fund and the Adviser with such reports and certifications and with such access to your officers and employees as the Fund or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. Summerhaven Capital Management, LLC EMBARK CAYMAN FUND VI LTD JANUARY 17, 2024 You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly upon request and without any charge to the Fund any of such records required to be maintained by you. Upon reasonable request from the Adviser, you will reasonably assist the Fund in valuing securities or other financial instruments of the Fund as may be required from time to time, including making available information of which you have knowledge related to the securities or other financial instruments being valued. You shall promptly provide the Fund and the Adviser with any information you receive regarding class action claims or any other legal matters involving any security or other financial instrument held in the Fund and shall cooperate with the Fund and the Adviser to the extent necessary for the Fund or the Adviser to pursue and/or participate in any such action or matter. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's Fund’s Board of Directors or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. You will cooperate with the Fund’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 4. You may not delegate to any person, including to one or more companies that you control, are controlled by, or are under common control with, or to specified employees of any such companies, any of your duties under this Agreement without the prior written consent of the Adviser. Summerhaven Capital Management, LLC EMBARK CAYMAN FUND VI LTD JANUARY 17, 2024

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio ’s assets which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional InformationInforn1ation, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that the portion of the portfolio of the Fund allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act; provided that the Adviser shall retain its oversight responsibilities with respect to the Fund’s compliance with the foregoing laws, rules and regulations. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's ’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. The Adviser and the Trust understand and agree that nothing contained in this Agreement shall be deemed to impose upon you any obligation to purchase or sell, or to recommend for purchase XXXXXXXX CAPITAL MANAGEMENT, INC. HARBOR HIGH-YIELD BOND FUND APRIL 1, 2011 or sale, for the Fund’s account any security or other asset that you or your employees or affiliates may purchase or sell for your or their own account or for the account of any other client, if in your sole discretion it is for any reason undesirable or impracticable to take such action or make such recommendation for the Fund’s account. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association. You shall review all proxy solicitation materials and be responsible for voting and handling all proxies in relation to the securities that you manage for the Fund. The Adviser shall instruct the custodian and other parties providing services to the Fund to promptly forward misdirected proxies to you.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portions of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio ’s assets which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that the portion of the portfolio of the Fund allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act; provided that the Adviser shall retain its oversight responsibilities with respect to the Fund’s compliance with the foregoing laws, rules and regulations. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's ’s officers and Trustees at least quarterly on due XXXXXXXX CAPITAL MANAGEMENT, INC. HARBOR HIGH-YIELD BOND FUND MARCH 1, 2018 notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. The Adviser and the Trust understand and agree that nothing contained in this Agreement shall be deemed to impose upon you any obligation to purchase or sell, or to recommend for purchase or sale, for the Fund’s account any security or other asset that you or your employees or affiliates may purchase or sell for your or their own account or for the account of any other client, if in your sole discretion it is for any reason undesirable or impracticable to take such action or make such recommendation for the Fund’s account. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association. You shall review all proxy solicitation materials and be responsible for voting and handling all proxies in relation to the securities that you manage for the Fund. The Adviser shall instruct the custodian and other parties providing services to the Fund to promptly forward misdirected proxies to you.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You Without any required consultation with the Adviser or the Board of Trustees prior to making a security acquisition or disposition, you will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), as specified by the Adviser to you, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects of.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-laws; the Fund's investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association. 3 PACIFIC INVESTMENT MANAGEMENT COMPANY HARBOR BOND FUND JUNE ___, 2001

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities securities, including financial instruments, shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. Your investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial instruments, such as financial futures contracts and options thereon, subject always to the investment objectives, policies and restrictions of the Fund as set forth in the Prospectus and Statement of Additional Information for the Fund. To implement your investment authority, you are authorized to: (i) open and maintain brokerage accounts for derivative instruments, including financial futures and options and swaps (such accounts hereinafter referred to as “brokerage accounts”) on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund, standard customer agreements with a broker or brokers. You may, using such of the securities and other property in the Fund’s portfolio as you deem necessary or desirable, direct the custodian to deposit on behalf of the Fund’s portfolio, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as you deem desirable or appropriate. The Adviser shall provide you with written statements of the Declaration of Trust; , the By-laws; Laws, the Fund’s written investment objective objectives and policies; prospectus , the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to ARISTOTLE CAPITAL MANAGEMENT, LLC HARBOR LARGE CAP VALUE FUND MARCH 1, 2013 your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunderthereunder as applicable to you, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations as applicable to you and relating to the services provided under this Agreement, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercising these voting rights or refraining from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. For the avoidance of doubt, you will not be responsible for filing Form N-PX or any other regulatory filings for the Fund in connection with your discretionary authority to the exercise of voting rights with respect to the Fund. C WORLDWIDE ASSET MANAGEMENT FONDSMAEGLERSELSKAB A/S HARBOR INTERNATIONAL COMPOUNDERS FUND MARCH 1, 2024 You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees as the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser as soon as reasonably practicable upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify the Adviser as soon as reasonably practicable upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to the Fund or the Adviser. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender as soon as reasonably practicable upon request and without any charge to the Fund any of such records required to be maintained by you. Notwithstanding the foregoing, you shall be entitled to maintain copies of such records as are required to be maintained by you under applicable law and/or pursuant to your compliance policies and procedures. Upon reasonable request from the Adviser, you will reasonably assist the Valuation Committee of the Trust in valuing securities or other financial instruments of that portion of the Fund’s assets allocated to you as may be required from time to time, including making available information of which you have knowledge related to the securities or other financial instruments being valued. You will not be responsible for determining or ratifying the valuations of the securities or other assets of the Fund that are used by the Fund for purposes of determining its net asset value (“NAV”) and assessing compliance with applicable laws and regulations and the Fund’s policies and procedures that depend on such valuations or NAV determinations. You are not authorised to initiate or take part in class actions or in the settlement of class actions on behalf of the Fund involving any security or other financial instrument held in the Fund and shall not file any claim or take any action in relation to such class actions or settlements. You shall cooperate with the Trust and the Adviser to the extent necessary in relation to class action claims or any other legal matters involving any security or other financial instrument held in the Fund for the Trust or the Adviser to pursue and/or participate in any such action or matter. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet meet, which may be done virtually or by teleconference, with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing You will cooperate with the Trust’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement shall limit or restrict to assure that the right information needed by such accountants is made available to them for the expression of their opinion without any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part qualification as to the management or other aspects ofscope of their audit, including, but not limited to, their opinion included in the Trust’s annual report under the Investment Company Act and annual amendment to the Trust’s registration statement under the Investment Company Act.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. In The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the performance issuers of your duties hereunder, you are securities and other investments in the portion of the assets of the Fund managed by you. You shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act responsible for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent administration of the Trust proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the Fund or best interests of the AdviserFund’s shareholders. You will make your officers are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and employees available shareholder communications relating to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of securities held in the portion of the Fund's ’s assets allocated to you in managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the light Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of current the issuers, proposals voted on, how the Fund’s shares were voted and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right your resolution of any conflicts of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofinterest.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Act, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance ,with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities and financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any material breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an XXXXXXXX ASSOCIATES LLC HARBOR CAPITAL APPRECIATION FUND MARCH 1, 2011 agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's ’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. You shall also exercise or direct the exercise of any privilege or right attaching to that portion of the Fund’s assets that are allocated to you, including corporate actions. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act; provided that the Adviser shall retain its oversight responsibilities with respect to the Fund’s compliance with the foregoing laws, rules and regulations. XXXXXXXX CAPITAL MANAGEMENT, INC. HARBOR CONVERTIBLE SECURITIES FUND OCTOBER 1, 2019 You shall maintain written compliance policies and procedures that are reasonably designed to prevent violation by you and, in connection with carrying out your duties to the Fund hereunder, the Fund of applicable federal securities laws (as defined in Rule 38a-1 under the Investment Company Act). You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any material breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally that, in each case, could have a material adverse effect on the Fund or the provision of your services hereunder. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you; provided, however, that you (i) shall not be required to transfer any material that is not legally required to be maintained by or on behalf of the Fund and that constitutes your proprietary information and analyses (except as may be required by law or legal process); and (ii) may retain copies of such records, which shall remain confidential as they relate to the Trust. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4. XXXXXXXX CAPITAL MANAGEMENT, INC. HARBOR CONVERTIBLE SECURITIES FUND OCTOBER 1, 2019 The Adviser and the Trust understand and agree that nothing contained in this Agreement shall be deemed to impose upon you any obligation to purchase or sell, or to recommend for purchase or sale, for the Fund’s account any security or other asset that you or your employees or affiliates may purchase or sell for your or their own account or for the account of any other client, if in your sole discretion it is for any reason undesirable or impracticable to take such action or make such recommendation for the Fund’s account.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities securities, including financial instruments, shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser Your investment authority shall provide you with written statements include the authority to purchase, sell, cover open positions, and generally to deal in financial instruments, such as financial futures contracts and options thereon, subject always to the investment objectives, policies and restrictions of the Declaration Fund as set forth in the Prospectus and Statement of Trust; By-laws; Additional Information for the Fund. To implement your investment objective authority, you are authorized to: (i) open and policies; prospectus maintain brokerage accounts for derivative instruments, including financial futures and statement options and swaps (such accounts hereinafter referred to as “brokerage accounts”) on behalf of additional information and instructionsin the name of the Fund and (ii) execute for and on behalf of the Fund, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documentsstandard customer agreements with a broker or brokers. You will conform your conduct may, using such of the securities and other property in accordance the Fund’s portfolio as you deem necessary or desirable, direct the custodian to deposit on behalf of the Fund’s portfolio, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as you deem desirable or appropriate. The Board of Trustees has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and will ensure that other investments in the portion of the portfolio assets of the Fund allocated to you conforms with managed by you. You shall be responsible for the Investment Company Act and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M administration of the Codeproxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, all other applicable federal procedures and/or guidelines, as provided to us from time to time and state laws and regulations and with based on the provisions best interests of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser’s shareholders. You will make your officers are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and employees available shareholder communications relating to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of securities held in the portion of the Fund's ’s assets allocated to you in managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the light Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of current the issuers, proposals voted on, how the Fund’s shares were voted and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right your resolution of any conflicts of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofinterest. XXXXXXX XXXXXXX OVERSEAS LIMITED

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be Xxx XxxXxxx, 00xx Xxxxx Xxxxxx, Xxxx 00000-0000 (000) 000-0000 xxx.xxxxxxxxxxx.xxx Distributed by Harbor Funds Distributors, Inc. XXXXX & STEERS CAPITAL MANAGEMENT, INC. HARBOR LARGE CAP VALUE FUND JUNE 19, 2007 consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you. XXXXX & STEERS CAPITAL MANAGEMENT, INC. HARBOR LARGE CAP VALUE FUND JUNE 19, 2007 In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. PACIFIC INVESTMENT MANAGEMENT COMPANY LLC HARBOR UNCONSTRAINED BOND FUND APRIL 1, 2010 PAGE 2 OF 6 The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are reasonably designed to prevent yourself and, as a result, the Fund from violating applicable federal securities laws relating to that portion of the Fund’s assets allocated to you. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you, provided that you may retain a copy as required for regulatory recordkeeping purposes. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association. You shall not be responsible for taking any action to vote proxies for publicly traded equity securities. Notwithstanding the foregoing, you may receive information concerning assets held by the Fund, including without limitation, conversion rights, subscription rights, warrants, options, pendency of calls, maturities of securities, expiration of rights, tender or exchange offers, or any other right or power requiring a discretionary decision by you. With respect to assets other than publicly traded equity securities, you shall, when in the best interests of the Fund, exercise such rights and/or powers. Additionally, you may receive and take action with respect to debt restructurings, reorganizations, refinancings or similar events with respect to securities or loans held in the Fund’s portfolio, and may receive and take action with respect to proxies for private equity securities. Your investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial futures contracts and options thereon, in accordance with the SAI and Prospectus for the Trust. To implement your investment authority, you are authorized to: (i) open and maintain brokerage accounts for derivative instruments, including financial futures and options and swaps (such accounts hereinafter referred to as “brokerage accounts”) on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund, standard customer agreements with a broker or brokers. You may, using such of the securities and other property in the Fund’s portfolio as you deem necessary or desirable, direct the custodian to deposit on behalf of the Fund’s portfolio, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as you deem desirable or appropriate. PACIFIC INVESTMENT MANAGEMENT COMPANY LLC HARBOR UNCONSTRAINED BOND FUND APRIL 1, 2010 PAGE 3 OF 6 You may delegate trade execution and other support functions (but not portfolio management) to your affiliates and may share such information as necessary to accomplish these purposes. Additionally, you may delegate back office services to State Street Investment Manager Solutions, LLC (“State Street IMS”). In all cases, you shall remain liable as if such services were provided by you directly. No additional fees shall be imposed for such services except as otherwise agreed. The Adviser represents, warrants and covenants that: (i) the Fund is a “qualified institutional buyer” (“QIB”) as defined in Rule 144A under the Securities Act of 1933, as amended, and will promptly notify you if the Fund ceases to be a QIB;(ii) the Fund is a “qualified eligible person” (“QEP”) as defined in Commodity Futures Trading Commission Rule 4.7 (“CFTC Rule 4.7”), and will promptly notify you if the Fund ceases to be a QEP; and (iii) the Fund hereby consents to be treated as an “exempt account” under CFTC Rule 4.7. Notwithstanding any other provision to the contrary, you shall have no obligation to perform the following services or to have your employees perform the following roles, as applicable: (a) preparing and filing material for distribution to shareholders of the Fund, including statistical information about the Fund and material regarding the Fund’s performance or investments; (b) providing your employees to serve as officers of the Trust; or (c) providing your employees to serve as the Trust’s Chief Compliance Officer and associated staff.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in advance and in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portions of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and Investment Advisers Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing and in advance from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall be fully protected and shall have no responsibility liability for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all applicable rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure that the provision or your services hereunder are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such reasonable access to your key officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to promptly notify the Adviser of any failure to manage in accordance with the Fund's investment objective, policies and guidelines or any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, regarding that portion of the Fund's assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your provision of services to the Fund. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make a director-level employee of your officers firm who is qualified to discuss your investment strategy and results in detail, and, if necessitated by the agenda of the meeting, other qualified employees available to meet with the Trustees and the Trust's or Adviser's officers and Trustees at least quarterly on due semi-annually and at such other times as the Trust or Adviser may reasonably request, and you may agree, upon prior notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditionsyou. Nothing in this Agreement shall limit or restrict the right of any of your directors, partners, officers and and/or employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio ’s assets which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that the portion of the portfolio of the Fund allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's ’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofXXXXXXX PARTNERS LLC

Advisory Services. You will have served as sub-investment adviser of the Fund since the Fund’s inception with responsibility over the assets of the Fund. The Adviser has selected Northern Cross, LLC (“NC LLC”) also to serve as sub-investment adviser of the Fund with responsibility, over the same assets of the Fund to which you have continuing responsibility. This means that you, in conjunction with NC LLC, shall regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate ’s assets that are allocated to you from time to timeand NC LLC, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to youyou and NC LLC. You In consultation with NC LLC, you will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance You shall have no responsibility for the placing of orders with paragraph 5brokers or dealers for the purchase or sale of portfolio securities for the Fund with respect to assets of the Fund for which you and NC LLC both have responsibilities. Instead, you or your agent NC LLC shall arrange have the sole administrative responsibility for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you and/or NC LLC for that portion of the Fund's ’s assets for which you and NC LLC serve as sub-investment adviseradvisers. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with and NC LLC complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you and NC LLC. You also agree to notify us promptly upon detection of any NORTHERN CROSS INVESTMENTS LTD HARBOR INTERNATIONAL FUND FEBRUARY 12, 2009 material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that any records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities securities, including financial instruments, shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. Your investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial instruments, such as financial futures contracts and options thereon, subject always to the investment objectives, policies and restrictions of the Fund as set forth in the Prospectus and Statement of Additional Information for the Fund. To implement your investment authority, you are authorized to: (i) open and maintain brokerage accounts for derivative instruments, including financial futures and options and swaps (such accounts hereinafter referred to as “brokerage accounts”) on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund, standard customer agreements with a broker or brokers. You may, using such of the securities and other property in the Fund’s portfolio as you deem necessary or desirable, direct the custodian to deposit on behalf of the Fund’s portfolio, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as you deem desirable or appropriate. The Adviser shall provide you with written statements of the Declaration of Trust; , the By-laws; Laws, the Fund’s written investment objective objectives and policies; prospectus , the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to ARISTOTLE CAPITAL MANAGEMENT, LLC HARBOR LARGE CAP VALUE FUND DECEMBER 17, 2012 your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 3 la-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities and other financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees as the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance QUANTIX COMMODITIES LP EMBARK COMMODITY STRATEGY FUND JANUARY 17, 2024 policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep records of trade activity and trade confirms and other books and records related to the services that you provide to the Fund required to be kept by you pursuant to Rule 31a-1 under the Investment Company Act and other applicable legal and regulatory requirements and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly upon request and without any charge to the Fund any of such records required to be maintained by you. Upon reasonable request from the Adviser, you will reasonably assist the Valuation Committee of the Trust in valuing securities or other financial instruments of the Fund as may be required from time to time, including making available information of which you have knowledge related to the securities or other financial instruments being valued. You shall promptly provide the Trust and the Adviser with any information you receive regarding class action claims or any other legal matters involving any security or other financial instrument held in the Fund and shall cooperate with the Trust and the Adviser to the extent necessary for the Trust or the Adviser to pursue and/or participate in any such action or matter. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. You will cooperate with the Trust’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit, including, but not limited to, their opinion included in the Trust’s annual report under the Investment Company Act and annual amendment to the Trust’s registration statement under the Investment Company Act. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 4. QUANTIX COMMODITIES LP EMBARK COMMODITY STRATEGY FUND JANUARY 17, 2024 You may not delegate to any person, including to one or more companies that you control, are controlled by, or are under common control with, or to specified employees of any such companies, any of your duties under this Agreement without the prior written consent of the Adviser.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information as they may be amended in consultation with you, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional InformationInformation as they may be amended in consultation with you, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that you believe are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any material breach of any of the Fund’s policies, guidelines or procedures as provided to you, and of any XXXXXXX CAPITAL MANAGEMENT, LLC HARBOR GLOBAL GROWTH FUND JULY 1, 2013 material violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to your providing advisory services to the Fund. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you, provided that you may retain a copy. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's ’s officers and Trustees at least quarterly reasonable intervals from time to time on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees Directors or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information’s Organizational Documents, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees Directors may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of TrustOrganizational Documents; By-laws; the Fund’s written investment objective objectives and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms complies with, the Investment Advisers Act and all rules and regulations thereunder all other applicable federal and state laws and regulations, and with the provisions of the Fund’s Organizational Documents. You shall also ensure, in managing the Fund’s assets and with respect to the Harbor Mutual Fund’s investment in the Fund, that the Harbor Mutual Fund remains in compliance with all applicable requirements of the Investment Company Act and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, all other applicable federal and state laws and regulations thereunder and with the provisions Internal Revenue Code of 1986, as amended. The Adviser shall provide you with any private letter rulings issued by the Internal Revenue Service related to the Harbor Mutual Fund and the Fund. You shall maintain written compliance policies and procedures that you reasonably believe are reasonably designed to prevent yourself and, as a result, the Fund from violating applicable federal securities laws relating to that portion of the Fund's Registration Statement ’s assets allocated to you. You agree to provide the Fund and the Adviser with such reports and certifications and with such access to your officers and employees that the Fund or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as amended or supplemented an investment adviser generally, such as when the violation could be considered material to your advisory clients. PACIFIC INVESTMENT MANAGEMENT COMPANY LLC HARBOR CAYMAN COMMODITY FUND LTD. SEPTEMBER 2, 2008 You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Securities Act of 1933, as amended, and the Investment Company ActAct as if the Fund were so registered. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you, provided that you may retain a copy as required for regulatory recordkeeping purposes. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's Directors and the Fund’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4. You shall not be responsible for taking any action to vote proxies for publicly traded equity securities. Notwithstanding the foregoing, you may receive information concerning assets held by the Fund, including without limitation, conversion rights, subscription rights, warrants, options, pendency of calls, maturities of securities, expiration of rights, tender or exchange offers, or any other right or power requiring a discretionary decision by you. With respect to assets other than publicly traded equity securities, you shall, when in the best interests of the Fund exercise such rights and/or powers. Additionally, you may receive and take action with respect to debt restructurings, reorganizations, refinancings or similar events with respect to securities or loans held in the Fund’s portfolio, and may receive and take action with respect to proxies for private equity securities. Your investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial futures contracts and options thereon, in accordance with the Organizational Documents of the Fund and any investment guidelines or instructions provided to you in writing by the Adviser. To implement your investment authority, you are authorized to: (i) open and maintain brokerage accounts for derivative instruments, including financial futures and options and swaps (such accounts hereinafter referred to as “brokerage accounts”) on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund, standard customer agreements with a broker or brokers. You may, using such of the securities and other property in the Fund’s portfolio as you deem necessary or desirable, direct the custodian to deposit on behalf of the Fund’s portfolio, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as you deem desirable or appropriate.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Xxxxxxxx Investment Management North America Inc. EMBARK COMMODITY STRATEGY FUND JANUARY 17, 2024 Fund allocated to you. If and when the Adviser is notified of any such addition or withdrawal, the Adviser shall promptly notify you of the same. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to youyou in writing. In accordance with paragraph 56, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities and other financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies in all material respects with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all applicable rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. For the avoidance of doubt, you shall not provide the Adviser with tax advice or accounting advice or services and shall have no responsibility to take into account the Adviser’s tax status in providing the services set forth hereunder. You are under no obligation to report to the Adviser on the tax consequences of buying or selling assets in the Fund. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. Xxxxxxxx Investment Management North America Inc. EMBARK COMMODITY STRATEGY FUND JANUARY 17, 2024 You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees as the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any material breach of any of the Fund’s policies, guidelines or procedures and of any material violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser that would reasonably be considered material to the Adviser. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly upon request and without any charge to the Fund any of such records required to be maintained by you; provided, however, that copies may be (i) retained for legal or compliance reasons; or (ii) stored on a hard drive of a computer to the extent it is not capable of being deleted or expunged therefrom. Any information retained pursuant to (i) or (ii) above shall remain at all times subject to the terms of this Agreement. Upon reasonable request from the Adviser, you will reasonably assist the Valuation Committee of the Trust or the Adviser in valuing securities or other financial instruments of the Fund as may be required from time to time, including making available, upon request, information of which you have knowledge related to the securities or other financial instruments being valued. You shall use commercially reasonable efforts to promptly provide the Trust and the Adviser with any information you receive regarding opt-in class action claims involving any security held in the Fund as part of your management of the mandate and shall cooperate with the Trust and the Adviser upon their request by providing factual information in your possession regarding such securities to the extent legally permissible and necessary for the Trust or the Adviser to pursue and/or participate in any such action. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. You will cooperate with the Trust’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit, including, but not limited to, their opinion included in the Fund’s annual report under the Investment Company Act and annual amendment to the Fund’s registration statement under the Investment Company Act. Xxxxxxxx Investment Management North America Inc. EMBARK COMMODITY STRATEGY FUND JANUARY 17, 2024 Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 5. You may not delegate to any person, including to one or more companies that you control, are controlled by, or are under common control with, or to specified employees of any such companies, any of your duties under this Agreement without the prior written consent of the Adviser. You are authorized and have engaged your affiliate, Schroder Investment Management North America Limited, to perform investment advisory services for the Fund; provided, however, that it is acknowledged that you may not retain the services of any entity that would be an “investment adviser,” as that term is defined in the Investment Company Act, to the Fund unless any agreement with such entity has been approved by (i) a majority of the Board, including a majority of those Trustees who are not parties to such agreement or “interested persons” of any such party and (ii) to the extent necessary, the vote of a majority of the outstanding voting securities of the Fund. Notwithstanding anything in this provision or this Agreement to the contrary, the Adviser acknowledges and agrees that you may perform non-portfolio management services contemplated by this Agreement directly or through your affiliates as you believe reasonably necessary to assist you in carrying out your obligations under this Agreement.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities (including financial instruments) shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. Your investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial instruments, including futures contracts and options thereon, in accordance with the Prospectus and Statement of Additional Information for the Fund. To implement your investment authority, you are authorized to: (i) open and maintain brokerage accounts for financial instruments, including financial futures and options and swaps (such accounts hereinafter referred to as “brokerage accounts”) on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund, standard customer agreements with a broker or brokers, including International Swap Dealer Association agreements. You may, using such of the securities and other property in the Fund’s portfolio as you deem necessary or desirable, direct the custodian to deposit on behalf of the Fund’s portfolio, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as you deem desirable or appropriate. You shall not be responsible for taking any action to vote proxies for publicly traded equity securities. Notwithstanding the foregoing, you may receive information concerning assets held by the Fund, including without limitation, conversion rights, subscription rights, warrants, options, pendency of calls, maturities of securities, expiration of rights, tender or exchange offers, or any other right or power requiring a discretionary decision by you. With respect to assets other than publicly traded equity securities, you shall, when in the best interests of the Fund, exercise such rights and/or powers. Additionally, you may receive and take action with respect to debt restructurings, reorganizations, refinancings or similar events with respect to securities or loans held in the Fund’s portfolio, and may receive and take action with respect to proxies for private equity securities. STONE HARBOR INVESTMENT PARTNERS LP HARBOR EMERGING MARKETS DEBT FUND JULY 1, 2013 The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you; provided, however, that you may retain a copy to the extent required for regulatory recordkeeping purposes. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4. STONE HARBOR INVESTMENT PARTNERS LP HARBOR EMERGING MARKETS DEBT FUND JULY 1, 2013

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. You shall also exercise or direct the exercise of any privilege or right attaching to that portion of the Fund’s assets that are allocated to you, including corporate actions; provided, however that the Fund shall retain all power and authority to vote any proxies solicited by or with respect to the issuers of such assets. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act; provided that the Adviser shall retain its oversight responsibilities with respect to the Fund’s compliance with the foregoing laws, rules and regulations. You shall maintain written compliance policies and procedures that are reasonably designed to prevent violation by you and, in connection with carrying out your duties to the Fund hereunder, the Fund of applicable federal securities laws (as defined in Rule 38a-1 under the Investment Company Act). You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any material breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. XXXXXXXX CAPITAL MANAGEMENT, INC. HARBOR CONVERTIBLE SECURITIES FUND JULY 1, 2013 You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally that, in each case, could have a material adverse effect on the Fund or the provision of your services hereunder. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you; provided, however, that you (i) shall not be required to transfer any material that is not legally required to be maintained by or on behalf of the Fund and that constitutes your proprietary information and analyses (except as may be required by law or legal process); and (ii) may retain copies of such records, which shall remain confidential as they relate to the Trust. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4. The Adviser and the Trust understand and agree that nothing contained in this Agreement shall be deemed to impose upon you any obligation to purchase or sell, or to recommend for purchase or sale, for the Fund’s account any security or other asset that you or your employees or affiliates may purchase or sell for your or their own account or for the account of any other client, if in your sole discretion it is for any reason undesirable or impracticable to take such action or make such recommendation for the Fund’s account.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall ACADIAN ASSET MANAGEMENT LLC HARBOR OVERSEAS FUND MARCH 1, 2019 be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to timetime with reasonable notice to account for global settlement cycles, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. In You shall maintain written compliance policies and procedures that are reasonably designed to ensure the performance of your duties hereunder, you are Fund’s compliance with the foregoing and shall be an independent contractor to prevent yourself and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority the Fund from violating applicable federal securities laws. You agree to act for or represent provide the Trust or and the Fund in any way or otherwise be deemed Adviser with such reports and certifications and with such access to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available as the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to meet with notify the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditionsyou. Nothing in this Agreement shall limit or restrict the right You also agree to notify us promptly upon detection of any material violations of your directorscompliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, officers such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and employees who may also records to be a trustee, officer or employee maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Trust to engage in any other business or to devote his or her time and attention in part to Fund required by Rule 31a-1 under the management or other aspects ofInvestment Company ACADIAN ASSET MANAGEMENT LLC HARBOR OVERSEAS FUND MARCH 1, 2019

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portions of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms complies with the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities securities, including financial instruments, shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. Your investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial instruments, such as financial futures contracts and options thereon, subject always to the investment objectives, policies and restrictions of the Fund as set forth in the Prospectus and Statement of Additional Information for the Fund. To implement your investment authority, you are authorized to: (i) open and maintain brokerage accounts for derivative instruments, including financial futures and options and swaps (such accounts hereinafter referred to as “brokerage accounts”) on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund, standard customer agreements with a broker or brokers. You may, using such of the securities and other property in the Fund’s portfolio as you deem necessary or desirable, direct the custodian to deposit on behalf of the Fund’s portfolio, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as you deem desirable or appropriate. The Adviser shall provide you with written statements of the Declaration of Trust; , the By-laws; Laws, the Fund’s written investment objective objectives and policies; prospectus , the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. ARISTOTLE CAPITAL MANAGEMENT, LLC HARBOR LARGE CAP VALUE FUND MARCH 1, 2020 The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to ARISTOTLE CAPITAL MANAGEMENT, LLC HARBOR LARGE CAP VALUE FUND MARCH 1, 2020 any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with and will ensure that the portion of the portfolio of the Fund allocated to you conforms with the Investment Company Act and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information as they may be amended in consultation with you, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional InformationInformation as they may be amended in consultation with you, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the XXXXXXX CAPITAL MANAGEMENT, LLC HARBOR INTERNATIONAL GROWTH FUND DECEMBER 14, 2007 Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's ’s officers and Trustees at least quarterly reasonable intervals from time to time on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio assets which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that the portion of the portfolio of the Fund allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portions of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the BPI GLOBAL ASSET MANAGEMENT LLP HARBOR GLOBAL EQUITY FUND FEBRUARY 1, 2001 investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-lawsLaws; the Fund's written investment objective and policies; prospectus Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms complies with the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portion of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you Fund in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage NORTHERN CROSS INVESTMENTS LIMITED HARBOR INTERNATIONAL FUND MARCH 1, 2006 in any other business or to render service of any kind to any other corporation, firm, individual or association.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities (including financial instruments) shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. Your investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial instruments, including futures contracts and options thereon, in accordance with the Prospectus and Statement of Additional Information for the Fund. To implement your investment authority, you are authorized to: (i) open and maintain brokerage accounts for financial instruments, including financial futures and options and swaps (such accounts hereinafter referred to as “brokerage accounts”) on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund, standard customer agreements with a broker or brokers, including International Swap Dealer Association agreements. [Note: Does the Fund have its own ISDA Agreements? Does the Fund have any Collateral Control Agreements in place?] You may, using such of the securities and other property in the Fund’s portfolio as you deem necessary or desirable, direct the custodian to deposit on behalf of the Fund’s portfolio, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as you deem desirable or appropriate. You shall not be responsible for taking any action to vote proxies for publicly traded equity securities. Notwithstanding the foregoing, you may receive information concerning assets held by the Fund, including without limitation, conversion rights, subscription rights, warrants, options, pendency of calls, maturities of securities, expiration of rights, tender or exchange offers, or any other right or power requiring a discretionary decision by you. With respect to assets other than publicly traded equity securities, you shall, when in the best interests of the Fund, exercise such rights and/or powers. Additionally, you may receive and take action with respect to debt restructurings, reorganizations, refinancings or similar events with respect to securities or loans held in the Fund’s portfolio, and may receive and take action with respect to proxies for private equity securities. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your STONE HARBOR INVESTMENT PARTNERS LP HARBOR EMERGING MARKETS DEBT FUND MAY 1, 2011 conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser promptly upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you; provided, however, that you may retain a copy to the extent required for regulatory recordkeeping purposes. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms complies with the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's ’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage WESTFIELD CAPITAL MANAGEMENT COMPANY L.P. HARBOR SMALL CAP GROWTH FUND DECEMBER 14, 2009 in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities and other financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees as the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. QUANTIX COMMODITIES LP HARBOR ENERGY TRANSITION STRATEGY ETF JULY 13, 2022 You shall keep records of trade activity and trade confirms and other books and records related to the services that you provide to the Fund required to be kept by you pursuant to Rule 31a-1 under the Investment Company Act and other applicable legal and regulatory requirements and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly upon request and without any charge to the Fund any of such records required to be maintained by you. Upon reasonable request from the Adviser, you will reasonably assist the Valuation Committee of the Trust in valuing securities or other financial instruments of the Fund as may be required from time to time, including making available information of which you have knowledge related to the securities or other financial instruments being valued. You shall promptly provide the Trust and the Adviser with any information you receive regarding class action claims or any other legal matters involving any security or other financial instrument held in the Fund and shall cooperate with the Trust and the Adviser to the extent necessary for the Trust or the Adviser to pursue and/or participate in any such action or matter. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. You will cooperate with the Trust’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit, including, but not limited to, their opinion included in the Trust’s annual report under the Investment Company Act and annual amendment to the Trust’s registration statement under the Investment Company Act. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 4. QUANTIX COMMODITIES LP HARBOR ENERGY TRANSITION STRATEGY ETF JULY 13, 2022 You may not delegate to any person, including to one or more companies that you control, are controlled by, or are under common control with, or to specified employees of any such companies, any of your duties under this Agreement without the prior written consent of the Adviser.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portions of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms complies with the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage WESTFIELD CAPITAL MANAGEMENT COMPANY, INC. HARBOR SMALL CAP GROWTH FUND NOVEMBER 1, 2002 in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio ’s assets which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "“Code"”) for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that the portion of the portfolio of the Fund allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act; provided that the Adviser shall retain its oversight responsibilities with respect to the Fund’s compliance with the foregoing laws, rules and regulations. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's ’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. XXXXXXXX CAPITAL MANAGEMENT, INC. HARBOR HIGH-YIELD BOND FUND OCTOBER 1, 2019 The Adviser and the Trust understand and agree that nothing contained in this Agreement shall be deemed to impose upon you any obligation to purchase or sell, or to recommend for purchase or sale, for the Fund’s account any security or other asset that you or your employees or affiliates may purchase or sell for your or their own account or for the account of any other client, if in your sole discretion it is for any reason undesirable or impracticable to take such action or make such recommendation for the Fund’s account. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portions of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage

Advisory Services. You will regularly provide the both Funds with investment research, advice and supervision and will furnish continuously an investment program for each Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the its respective investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to youpolicies. You will determine what securities shall be purchased for such portion of the each Fund's assets, what securities shall be held or soldsold by each Fund, and what portion of such that Fund's assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and Bylaws, the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 19861940, as amended (the "CodeInvestment Company Act") for qualification as a regulated investment company) ), the rules and regulations of the United States Comptroller of the Currency relating to fiduciary powers of national banks, any other applicable federal or state laws or regulations, and the investment objectives, policies and restrictions of each Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Advisereffect, and subject, further, subject further to such policies and instructions as the Board of Trustees may from time to time establish establish. You shall advise and deliver assist the officers of the Trust in taking such steps as are necessary or appropriate to youcarry out the decisions of the Board of Trustees and the appropriate committees of the Board of Trustees regarding the conduct of the business of the Trust insofar as it relates to the Funds. On occasions when you deem the purchase or sale of a security to be in the best interest of a Fund as well as other customers, to the extent permitted by applicable law, you may aggregate the securities to be so sold or purchased in order to obtain the best execution or lower brokerage commissions, if any. In accordance with paragraph 5such event, you will allocate the securities so purchased or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructionssold, as well as the expenses incurred in effect from time the transaction, in the manner you consider to time; be the most equitable and you shall have no responsibility for actions taken in reliance on any such documentsconsistent with your fiduciary obligations to that Fund and to your other customers. You will conform your conduct maintain books and records with respect to the securities transactions of the Funds in accordance with and will ensure that the portion requirements of the portfolio of the Fund allocated to you conforms with the Investment Company Act and all rules with generally accepted accounting principles and regulations thereunderwill render to the Board of Trustees such periodic and special reports as may be required by law or as they may reasonably request. You may have deposit, loan and other commercial banking relationships with issuers of securities purchased by the requirements for qualification as Funds, including outstanding loans to such issuers which may be repaid in whole or in part with proceeds of securities purchased by a regulated investment company of Subchapter M Fund. However, you will not purchase securities on behalf of the CodeFunds in any offerings where you know, all other applicable federal and state laws and regulations and with or should know, that the provisions proceeds of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall offering will be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority used to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet repay loans outstanding with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofyou.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portions of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund's written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms with complies with, the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4. FISCXXX XXXXXXX XXXES & WATTX, XXC. HARBOR SHORT DURATION FUND JUNE ___, 2001

Advisory Services. You will regularly provide the each Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate to you from time to time’s assets, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the AdviserAdviser (the “Guidelines”). The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to youeach Fund. You BLUECOVE LIMITED HARBOR SCIENTIFIC ALPHA INCOME ETF HARBOR SCIENTIFIC ALPHA HIGH-YIELD ETF SEPTEMBER 14, 2021 will determine what securities and other financial instruments shall be purchased for such portion of the each Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by each Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the each Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion each Fund. Your investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in securities and financial instruments, such as financial futures contracts and options thereon, subject always to the investment objectives, policies and restrictions of each Fund as set forth in the Prospectus and Statement of Additional Information for the Fund's assets . To implement your investment authority, you are authorized to: (i) open and maintain brokerage accounts for which you serve securities and derivative instruments, including financial futures and options and swaps (such accounts hereinafter referred to as sub-investment adviser“brokerage accounts”) on behalf of and in the name of a Fund and (ii) execute for and on behalf of a Fund, standard customer agreements with a broker or brokers. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; a Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that the portion your management of each Fund’s assets complies with, applicable requirements of the portfolio of the Fund allocated Funds’ compliance policies and procedures adopted pursuant to you conforms with Rule 38a-1 under the Investment Company Act provided to you (“Fund Policies and Procedures”), the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, included in the Funds’ effective registration statement filed on Form N-1A under the Securities Act of 1933, as amendedamended (“Securities Act”), and the Investment Company Act (the “Registration Statement”). The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in each Fund. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Funds’ custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in each Fund. You will maintain appropriate records detailing your BLUECOVE LIMITED HARBOR SCIENTIFIC ALPHA INCOME ETF HARBOR SCIENTIFIC ALPHA HIGH-YIELD ETF SEPTEMBER 14, 2021 voting of proxies on behalf of the Funds and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Funds’ shares were voted and your resolution of any conflicts of interest. For the avoidance of doubt, you will not be responsible for filing Form N-PX or any other regulatory filings in connection with your discretionary authority to exercise of voting rights with respect to a Fund. You shall maintain written compliance policies and procedures pursuant to Rule 206(4)-7 under the Investment Advisers Act that are reasonably designed to ensure compliance by you with the Investment Advisers Act and the rules thereunder, which shall include compliance policies and procedures that are reasonably designed to prevent yourself and each Fund from violating the requirements referenced in the preceding paragraphs and applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees as the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Funds’ Policies and Procedures or Guidelines and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to each Fund. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to your management of the Funds or your activities as an investment adviser generally, when the violation could be considered material to your advisory clients. You shall keep the Funds’ books and records that are specified in this Agreement as required to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Funds required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Funds are the property of the Funds and you shall surrender promptly upon request and without any charge to the Funds any of such records required to be maintained by you. Notwithstanding the foregoing, you shall be entitled to maintain copies of such records as are required to be maintained by you under applicable law and/or pursuant to your compliance policies and procedures. Upon reasonable request from the Adviser, you will reasonably assist the Valuation Committee of the Trust in valuing securities or other financial instruments of the Funds as may be required from time to time, including making available information of which you have knowledge related to the securities or other financial instruments being valued. You will not be responsible for determining or ratifying the valuations of the securities or other assets included in each Fund that are used by a Fund for purposes of determining its net asset value (“NAV”) and assessing compliance with applicable laws and regulations and the Fund Policies and Procedures that depend on such valuations or NAV determinations. If permitted under applicable law, you shall promptly provide the Trust and the Adviser with any non-public information you receive as a result of transactions entered into on behalf of a Fund that is not received by another service provider to the Fund regarding class action claims or any other legal matters involving any security or other financial instrument held in the Funds and shall cooperate with the Trust and the Adviser to the extent necessary for the Trust or the Adviser to pursue and/or participate in any such action or matter. BLUECOVE LIMITED HARBOR SCIENTIFIC ALPHA INCOME ETF HARBOR SCIENTIFIC ALPHA HIGH-YIELD ETF SEPTEMBER 14, 2021 In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund Funds in any way or otherwise be deemed to be an agent of the Trust or the Fund Funds or of the Adviser. You will make your appropriate officers and employees available to meet meet, which may be done virtually or by teleconference, with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you each Fund in the light of current and prospective economic and market conditions. You will cooperate with the Trust’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit, including, but not limited to, their opinion included in the Trust’s annual report under the Investment Company Act and annual amendment to the Trust’s registration statement under the Investment Company Act. The Trust and the Adviser acknowledge that you are not authorized to hold client money or client assets, and you will not hold cash or assets on behalf of the Trust (but this shall not affect your ability to deal with investments on behalf of each Fund). Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 4. You may not delegate to any person, including to one or more companies that you control, are controlled by, or are under common control with, or to specified employees of any such companies, any of your duties under this Agreement without the prior written consent of the Adviser.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's ’s Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. You shall maintain written compliance policies and procedures that you reasonably believe are adequate to ensure the Fund’s compliance with the foregoing and that are reasonably designed to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees that the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. NORTHERN CROSS, LLC HARBOR INTERNATIONAL FUND NOVEMBER 19, 2017 You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep the other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly and without any charge to the Fund any of such records required to be maintained by you. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portions of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated WESTFIELD CAPITAL MANAGEMENT HARBOR SMALL CAP GROWTH FUND NOVEMBER 1, 2000 investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-lawsLaws; the Fund's written investment objective and policies; prospectus Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms complies with the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s then current Prospectus and Statement of Additional Information (as provided in writing to you by the Adviser from time to time) and any investment guidelines or other instructions received in writing from the AdviserAdviser (collectively, the “Guidelines”). A general description of the nature and risks of investments which may be held within the Fund has been provided to the Adviser and the Trust. You shall not be deemed to have breached the Guidelines as a result of changes in the prices or value of assets of the Fund brought about solely through movements in the market or by withdrawals from the Fund. In such circumstances you shall endeavour to reduce any holding which contravene the restrictions set out in the Guidelines as soon as practicable, subject to always protecting the Fund’s interests and your duty of best execution. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's ’s assets, what securities shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional InformationGuidelines, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to youyou in writing. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser acknowledges that you will not hold any of the Fund’s money, whether in the UK or elsewhere. It is acknowledged that you will treat the Fund as a Professional Client within the meaning of the rules of the Financial Conduct Authority (the “FCA Rules”) in relation to the services to be provided under this Agreement. Because of the status of the Fund it may not be entitled to compensation under the UK’s Financial Services Compensation Scheme in the event that you are unable to meet your liabilities. It is further acknowledged that you have in operation a written procedure in accordance with the FCA Rules for the effective consideration and proper handling of complaints from customers. Any complaint may be referred to your Compliance Officer at your registered office. Information required to be given to the Adviser and Trustees pursuant to the FCA Rules has been provided in connection with this Agreement. You undertake to provide updates to such information, if any, to the Adviser and Trust, in accordance your internal policies and the FCA Rules. For the avoidance of doubt, the provision of such updates shall not constitute an amendment to this agreement for the purposes of Section 9. MARATHON ASSET MANAGEMENT LLP HARBOR DIVERSIFIED INTERNATIONAL ALL CAP FUND AUGUST 22, 2018 The Adviser shall provide you with written statements of the Declaration of Trust; the By-lawsLaws; the Fund’s written investment objective objectives and policies; prospectus the Prospectus and statement Statement of additional information Additional Information and instructions, as provided to you in effect writing from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, to the extent applicable, the Investment Company Act and Investment Advisers Act and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, thereunder and all other applicable federal and state laws and regulations regulations. You shall maintain suitable written compliance policies and procedures that you reasonably believe are adequate to ensure your compliance with your duties as an investment adviser under the Investment Advisers Act. You agree to provide the Trust and the Adviser with copies of such policies and with reasonable access in the provisions UK (being not more than once per calendar year in the case of face to face meetings) to your officers and employees on reasonable notice where the Trust or Adviser may reasonably request such access for the purpose of assessing the adequacy of your compliance policies and procedures. You acknowledge and agree that other dialogue, whether over the telephone, or via email, may be entered into from time to time between the parties. You agree to notify the Adviser promptly upon detection of any material breach of any of your policies that you reasonably believe would have a material adverse effect on the Fund or a material adverse effect on your activities as an investment adviser generally, or of the Guidelines and of any violation of any applicable law or regulation relating to that portion of the Fund's Registration Statement as amended or supplemented ’s assets allocated to you. You shall maintain all books and records relating to the services you provide under this Agreement to the Securities Act Fund and shall timely furnish to the Adviser all information relating to your services hereunder where requested by the Adviser in order to keep the other books and records of 1933, as amended, and the Fund required by Rule 31a-1 under the Investment Company Act. You agree that you shall promptly and without any charge provide copies of any such records to the Adviser. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make members of either your officers and employees portfolio management team or experienced members of your client services team who have detailed knowledge of the Fund’s performance available to meet for conference calls (during normal business hours in the UK) with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due reasonable notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4. MARATHON ASSET MANAGEMENT LLP HARBOR DIVERSIFIED INTERNATIONAL ALL CAP FUND AUGUST 22, 2018

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with and will ensure that the portion of the portfolio of the Fund allocated to you conforms with the Investment Company Act and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects of.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate to you from time to time’s assets, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the AdviserAdviser (the “Guidelines”). The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to youFund. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion the Fund. Your investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in securities and financial instruments, such as financial futures contracts and options thereon, subject always to the investment objectives, policies and restrictions of the Fund as set forth in the Prospectus and Statement of Additional Information for the Fund. To implement your investment authority, you are authorized to: (i) open and maintain brokerage accounts for securities and derivative instruments, including financial futures and options and swaps (such accounts hereinafter referred to as “brokerage accounts”) on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund's assets for which you serve as sub-investment adviser, standard customer agreements with a broker or brokers. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that the portion your management of the portfolio Fund’s assets complies with, applicable requirements of the Fund allocated Fund’s compliance policies and procedures adopted pursuant to you conforms with Rule 38a-1 under the Investment Company Act provided to you (“Fund Policies and Procedures”), the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, included in the Fund’s effective registration statement filed on Form N-1A under the Securities Act of 1933, as amendedamended (“Securities Act”), and the Investment Company ActAct (the “Registration Statement”). In The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the performance issuers of your duties hereunder, you are securities and other investments in the Fund. You shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act responsible for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent administration of the Trust proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the Fund or best interests of the AdviserFund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the Fund. You will make maintain appropriate records detailing your officers and employees available to meet with the Trust's officers and Trustees at least quarterly voting of proxies on due notice to review the investments and investment program behalf of the portion Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund's assets allocated to you in the light of current ’s shares were voted and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right your resolution of any conflicts of your directorsinterest. For the avoidance of doubt, officers and employees who may also you will not be a trustee, officer responsible for filing Form N-PX or employee of the Trust to engage in any other business or regulatory filings in connection with your discretionary authority to devote his or her time and attention in part exercise of voting rights with respect to the management or other aspects ofFund. BLUECOVE LIMITED

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or QUANTIX COMMODITIES LP HARBOR ALL-WEATHER INFLATION FOCUS ETF FEBRUARY 9, 2022 the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities and other financial instruments with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees as the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon QUANTIX COMMODITIES LP HARBOR ALL-WEATHER INFLATION FOCUS ETF FEBRUARY 9, 2022 detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. You shall keep records of trade activity and trade confirms and other books and records related to the services that you provide to the Fund required to be kept by you pursuant to Rule 31a-1 under the Investment Company Act and other applicable legal and regulatory requirements and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly upon request and without any charge to the Fund any of such records required to be maintained by you. Upon reasonable request from the Adviser, you will reasonably assist the Valuation Committee of the Trust in valuing securities or other financial instruments of the Fund as may be required from time to time, including making available information of which you have knowledge related to the securities or other financial instruments being valued. You shall promptly provide the Trust and the Adviser with any information you receive regarding class action claims or any other legal matters involving any security or other financial instrument held in the Fund and shall cooperate with the Trust and the Adviser to the extent necessary for the Trust or the Adviser to pursue and/or participate in any such action or matter. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. You will cooperate with the Trust’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit, including, but not limited to, their opinion included in the Trust’s annual report under the Investment Company Act and annual amendment to the Trust’s registration statement under the Investment Company Act. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 4. QUANTIX COMMODITIES LP HARBOR ALL-WEATHER INFLATION FOCUS ETF FEBRUARY 9, 2022 You may not delegate to any person, including to one or more companies that you control, are controlled by, or are under common control with, or to specified employees of any such companies, any of your duties under this Agreement without the prior written consent of the Adviser.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines to allocate to you from time to time, which advice shall be consistent with the investment objective and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or sold, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment subinvestment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with and will ensure that the portion of the portfolio of the Fund allocated to you conforms with the Investment Company Act and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, all other applicable federal and state laws and regulations and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portions of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-lawsLaws; the Fund's written investment objective and policies; prospectus Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms complies with the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects of.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective objectives and policies of the Fund as set forth in the Fund's ’s Prospectus and Statement of Additional Information Information, as amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's ’s Declaration of Trust and By-Laws and the Investment Company Act Laws, and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's ’s Prospectus and Statement of Additional Information, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser To the extent permitted by the Prospectus and other documents and instructions noted above, you are authorized, on behalf of the Fund, to negotiate and finalize on behalf of the Fund the terms of any account opening documents, prime brokerage, futures and other related agreements, any ISDA master agreement or any other master investment or derivative trading documentation, including any schedule or annex thereto, any related clearing agreements or control agreements and any other agreement related to the foregoing (collectively, “Trading Agreements”). Upon the reasonable request of the Adviser, you shall provide you with written statements a copy of any Trading Agreement to the Adviser. You are also authorized, on behalf of the Declaration Fund, to (i) issue to brokers, banks and other entities instructions to purchase, sell, exchange, convert, trade, borrow, pledge and otherwise generally deal in and with any security instrument or other asset for the account of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to timethe Fund; and you (ii) acknowledge the receipt of brokers’ risk disclosure statements, electronic trading disclosure statements and similar disclosures. You shall have no responsibility for actions taken in reliance on any such documentsthe Declaration of Trust; the By-Laws; the Fund’s written investment objectives and policies; the Prospectus and Statement of Additional Information; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms with complies with, the Investment Company Act and Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration ’s Prospectus and Statement of Additional Information, as amended or supplemented supplemented, under the Securities Act of 1933, as amended, and the Investment Company Act. COMGEST ASSET MANAGEMENT INTERNATIONAL LIMITED HARBOR FOCUSED INTERNATIONAL FUND JUNE 1, 2019 You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Trust and the Adviser with such reports and certifications and with such access to your officers and employees as the Trust or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation, including the Investment Company Act and Subchapter M of the Code, relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally when such violation could be considered material to your advisory clients. You shall keep the Fund’s books and records to be maintained by you and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly upon request and without any charge to the Fund any of such records required to be maintained by you. Upon reasonable request from the Adviser, you will reasonably assist the Valuation Committee of the Trust in valuing securities or other financial instruments of the Fund as may be required from time to time, including making available information of which you have knowledge related to the securities or other financial instruments being valued. You shall promptly provide the Trust and the Adviser with any information you receive regarding class action claims or any other legal matters involving any security or other financial instrument held in the Fund and shall cooperate with the Trust and the Adviser to the extent reasonably necessary for the Trust or the Adviser to pursue and/or participate in any such action or matter. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet confer with the Trustees and the Trust's ’s or Adviser’s officers and Trustees at least quarterly on due reasonable notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. You will cooperate to the extent reasonably necessary with the Trust’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit, including, but not limited to, their opinion included in the Trust’s annual report under the Investment Company Act and annual amendment to the Trust’s registration statement under the Investment Company Act. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 4. COMGEST ASSET MANAGEMENT INTERNATIONAL LIMITED HARBOR FOCUSED INTERNATIONAL FUND JUNE 1, 2019 The Adviser hereby acknowledges and consents to your use of designated persons of your affiliates in providing services under the Agreement with respect to such portion of the Fund’s assets that are allocated to you, including but not limited to personnel of Comgest S.A. and Comgest Singapore Pte Ltd. You will ensure that all such personnel will be associated persons of you and subject to your supervision. You will also ensure that all such personnel are subject to your compliance program under Rule 206(4)-7 under the Investment Advisers Act, including your personal trading code of ethics under Rule 204A-1 under the Investment Advisers Act. For the avoidance of doubt, you will be responsible for the costs of the foregoing use of the services of the designated persons of your affiliates, including, without limitation, any fees and expenses of the affiliate, and you will be liable, in accordance with paragraph 6 of this Agreement, for the acts and omissions of the personnel of such affiliates as if such acts and omissions were your own.

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines ’s assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective and policies of the Fund Organizational Documents, as set forth in the Fund's Prospectus and Statement of Additional Information amended or supplemented, and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees Directors or the Adviser may, from time to time, make additions to and withdrawals from the CoreCommodity Management, LLC EMBARK CAYMAN FUND II LTD JANUARY 17, 2024 assets of the Fund allocated to you. You will determine what securities and other financial instruments shall be purchased for such portion of the Fund's ’s assets, what securities and other financial instruments shall be held or soldsold by such portions of the Fund’s assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objectiveobjectives, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in effect, and other provisions of the Fund's Prospectus and Statement of Additional Information’s Organizational Documents, as amended or supplemented, or any investment guidelines or other instructions received by you in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees Directors may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's ’s assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-laws; investment objective and policies; prospectus and statement of additional information and instructions, as in effect from time to time; and you You shall have no responsibility for actions taken in reliance on any such documentsthe Organizational Documents; the Fund’s written investment objectives and policies; and written instructions, each as in effect from time to time. You will conform your conduct in accordance with to, and will ensure maintain policies and procedures reasonably designed to provide that your management of the portion of the portfolio of the Fund Fund’s assets allocated to you conforms complies with the Investment Company Advisers Act of 1940, as amended (the “Investment Advisers Act”), and all rules and regulations thereunder, the requirements for qualification as a regulated investment company of Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement ’s Organizational Documents, as amended or supplemented under supplemented. You shall also maintain policies and procedures reasonably designed to provide, in managing the Securities Fund’s assets and with respect to the Harbor Fund’s investment in the Fund, that the Harbor Fund remains in compliance with all applicable requirements of the Investment Company Act of 19331940, as amended (the “Investment Company Act”), and all rules and regulations thereunder and with the Internal Revenues Code of 1986, as amended. The Board has delegated to you discretionary authority to exercise voting rights with respect to all proxies solicited by or with respect to the issuers of securities and other investments in the portion of the assets of the Fund managed by you. You shall be responsible for the administration of the proxy voting process and exercise these voting rights or refrain from voting in accordance with your then-current proxy voting policy, procedures and/or guidelines, as provided to us from time to time and based on the best interests of the Fund’s shareholders. You are authorized to instruct the Fund’s custodian as necessary in order for you to receive proxies and shareholder communications relating to securities held in the portion of the Fund’s assets managed by you. You will maintain appropriate records detailing your voting of proxies on behalf of the Fund and, upon the Adviser’s reasonable request, will provide a report setting forth the names of the issuers, proposals voted on, how the Fund’s shares were voted and your resolution of any conflicts of interest. You shall maintain written compliance policies and procedures that are reasonably designed to ensure the Fund’s compliance with the foregoing and to prevent yourself and the Fund from violating applicable federal securities laws. You agree to provide the Fund and the Adviser with such reports and certifications and with such access to your officers and employees as the Fund or Adviser may reasonably request for the purpose of assessing the adequacy of your compliance policies and procedures. You agree to notify the Adviser immediately upon detection of any breach of any of the Fund’s policies, guidelines or procedures and of any violation of any applicable law or regulation relating to that portion of the Fund’s assets allocated to you. You also agree to notify us promptly upon detection of any material violations of your compliance policies and procedures that relate to the Fund or your activities as an investment adviser generally, such as when the violation could be considered material to your advisory clients. CoreCommodity Management, LLC EMBARK CAYMAN FUND II LTD JANUARY 17, 2024 You shall keep the books and records to be maintained by you in relation to your services to the Fund and shall timely furnish to the Adviser all information relating to your services hereunder needed by the Adviser to keep other books and records of the Fund required by Rule 31a-1 under the Investment Company Act. You agree that all records which you maintain for the Fund are the property of the Fund and you shall surrender promptly upon request and without any charge to the Fund any of such records required to be maintained by you, although you may retain copies in keeping with your policies for compliance with applicable laws, rules and regulations. Upon reasonable request from the Adviser, you will reasonably assist the Fund in valuing securities or other financial instruments of the Fund as may be required from time to time, including making available information of which you have knowledge related to the securities or other financial instruments being valued. You shall promptly provide the Fund and the Adviser with any information you receive regarding class action claims or any other legal matters involving any security or other financial instrument held in the Fund and shall cooperate with the Fund and the Adviser to the extent necessary for the Fund or the Adviser to pursue and/or participate in any such action or matter. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's Fund’s Board of Directors or Adviser’s officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's ’s assets allocated to you in the light of current and prospective economic and market conditions. You will cooperate with the Fund’s independent public accountants and take all reasonable action in the performance of services and obligations under this Agreement to assure that the information needed by such accountants is made available to them for the expression of their opinion without any qualification as to the scope of their audit. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in paragraph 4. You may not delegate to any person, including to one or more companies that you control, are controlled by, or are under common control with, or to specified employees of any such companies, any of your duties under this Agreement without the prior written consent of the Adviser. CoreCommodity Management, LLC EMBARK CAYMAN FUND II LTD JANUARY 17, 2024

Advisory Services. You will regularly provide the Fund with advice concerning the investment management of that portion of the Fund's portfolio which the Board of Trustees determines assets that are allocated to allocate to you from time to timeyou, which advice shall be consistent with the investment objective and policies of the Fund as set forth in the Fund's Prospectus and Statement of Additional Information and any investment guidelines or other instructions received in writing from the Adviser. The Board of Trustees or the Adviser may, from time to time, make additions to and withdrawals from the assets of the Fund allocated to you. You will determine what securities shall be purchased for such portion of the Fund's assets, what securities shall be held or soldsold by such portions of the Fund's assets, and what portion of such assets shall be held uninvested, subject always to the provisions of the Trust's Declaration of Trust and By-Laws and the Investment Company Act and to the investment objective, policies and restrictions (including, without limitation, the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") for qualification as a regulated investment company) of the Fund, as each of the same shall be from time to time in effect as set forth in the Fund's Prospectus and Statement of Additional Information, or any investment guidelines or other instructions received in writing from the Adviser, and subject, further, to such policies and instructions as the Board of Trustees may from time to time establish and deliver to you. In accordance with paragraph 5, you or your agent shall arrange for the placing of all orders for the purchase and sale of portfolio securities with brokers or dealers selected by you for that portion of the Fund's assets for which you serve as sub-investment adviser. The Adviser shall provide you with written statements of the Declaration of Trust; By-lawsLaws; the Fund's written investment objective and policies; prospectus Prospectus and statement Statement of additional information Additional Information and instructions, as in effect from time to time; and you shall have no responsibility for actions taken in reliance on any such documents. You will conform your conduct in accordance with to and will ensure that your management of the portion of the portfolio of the Fund Fund's assets allocated to you conforms complies with the Investment Company Act and all rules and regulations thereunder, the requirements for qualification of the Fund as a regulated investment company of under Subchapter M of the Code, all other applicable federal and state laws and regulations regulations, and with the provisions of the Fund's Registration Statement as amended or supplemented under the Securities Act of 1933, as amended, and the Investment Company Act. In the performance of your duties hereunder, you are and shall be an independent contractor and unless otherwise expressly provided herein or otherwise authorized in writing, shall have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed to be an agent of the Trust or the Fund or of the Adviser. You will make your officers and employees available to meet with the Trust's officers and Trustees at least quarterly on due notice to review the investments and investment program of the portion of the Fund's assets allocated to you in the light of current and prospective economic and market conditions. Nothing in this Agreement shall limit or restrict the right of any of your directors, officers and employees who may also be a trustee, officer or employee of the Trust to engage in any other business or to devote his or her time and attention in part to the management or other aspects ofof any business, whether of a similar or a dissimilar nature, nor limit or restrict your right to engage in any other business or to render service of any kind to any other corporation, firm, individual or association, except as specifically prescribed in Section 4.