0001398344-14-002421 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • April 29th, 2014 • Wilshire Mutual Funds Inc • California

This Investment Sub-Advisory Agreement (“Agreement”) is made as of the 1st day of August, 2013 by and between Wilshire Associates Incorporated, a California corporation (“Adviser”), and Victory Capital Management Inc., a registered investment adviser (“Sub-Adviser”).

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EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 29th, 2014 • Wilshire Mutual Funds Inc

EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective as of May 1, 2014 by and between Wilshire Associates Incorporated, a California corporation (the “Adviser”) and Wilshire Mutual Funds, Inc. (the “Company”) on behalf of the Small Company Growth Portfolio and the Small Company Value Portfolio (each a “Fund” and collectively, the “Funds”).

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 29th, 2014 • Wilshire Mutual Funds Inc

EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective as of May 1, 2014 by and between Wilshire Associates Incorporated, a California corporation (the “Adviser”) and Wilshire Mutual Funds, Inc. (the “Company”), on behalf of the Wilshire International Equity Fund (the “Fund”).

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