Document:

Investment Advisor Agreement

 Exhibit 10.25 

INVESTMENT ADVISOR AGREEMENT 

This INVESTMENT ADVISOR AGREEMENT (the “Agreement”) is effective as of June 22, 2010 by and between NORTHERN TRUST
INVESTMENTS, N.A., a national banking association, (“NTI”), and LSV ASSET MANAGEMENT (the “Advisor”). 

WHEREAS the American Bar Association Members Retirement Trust and the American Bar Association Members Pooled Trust for Retirement Plans
(collectively referred to as the “Trusts”), for which The Northern Trust Company, the affiliate of NTI, acts as trustee, are maintained pursuant to agreements between the ABA Retirement Funds (“ABRF”) and The Northern Trust
Company for the purpose of funding the American Bar Association Members Retirement Plan, the American Bar Association Members Defined Benefit Pension Plan (together, the “ABA Members Plans”) and other employee benefit plans, as adopted by
eligible individuals, organizations, partnerships, corporations or associations (each such individual employee benefit plan being referred to as a “Plan” and collectively as the “Plans”), which Plans must meet the requirements
for qualification under Section 401 of the Internal Revenue Code of 1986, as amended and in effect from time to time (the “Code”); 

WHEREAS, certain assets of the Trusts are deposited in a collective investment fund, known as the ABA RF International All Cap Equity
FUND (the “Fund”), established under the American Bar Association Members/NTI Collective Trust (the “ABA Members Collective Trust”) under which NTI is trustee (the “Trustee”), pursuant to the Declaration of Trust dated
July 1, 2010, as amended and in effect from time to time (the “Declaration of Trust”); 
 WHEREAS, the Fund is
established under a group trust maintained by the Trustee and is exempt from tax pursuant to Revenue Ruling 81-100; 
 WHEREAS,
the Trustee desires to retain the Advisor to act as its investment advisor to assist the Trustee in managing such assets of the Fund as the Trustee may designate from time to time in writing to the Advisor (the “Subaccount”) by making
recommendations to the Trustee with respect to the investment and reinvestment of the assets in the Subaccount; and 
 WHEREAS
the parties desire to set forth, among other things, the duties, terms and conditions under which the Advisor will carry out such advisory functions and the Trustee will perform certain of its functions with respect to managing and administering the
Subaccount and the Fund; 
 NOW, THEREFORE, in consideration of the promises and mutual covenants contained in this Agreement,
it is agreed as follows: 
 1. Appointment of the Advisor. The Advisor is hereby appointed and employed as investment
advisor to the Trustee to assist the Trustee in its management of such assets of the Fund as are held in the Subaccount from time to time. The Advisor shall provide investment advisory and certain other related services to or on behalf of the
Trustee, all in accordance with the terms and conditions of this Agreement. 

 2. Acceptance by the Advisor. The Advisor hereby accepts such appointment and
employment and acknowledges that, (a) with respect to the assets in the Subaccount, it is a fiduciary, as defined in the Employee Retirement Income Security Act of 1974, as amended and in effect from time to time (“ERISA”), with
respect to the Trusts and the Plans and (b) no person associated with the Advisor is a trustee or administrator of, or an employer of anyone covered by, any Plan. The Advisor represents that it is registered, or exempt from registration, under
the Investment Advisers Act of 1940, as amended (the “Advisers Act”), and that it is in the business of acting as a fiduciary with respect to assets of various retirement plans and trusts. The Advisor agrees and covenants that it will
notify the Trustee within ten (10) business days of (v) any change of its status under the Advisers Act, (w) the receipt of formal notice of the commencement of any proceeding by any governmental agency to take any action which would
change its status under the Advisers Act, (x) notice by any governmental agency of the intent to place material limitations on the activities of the Advisor, (y) notice by any governmental agency that it intends to begin an investigation
of the Advisor that is outside of the scope of routine investigations that such agency conducts from time to time of businesses engaged in the same or similar activities as the Advisor, or (z) notice by any governmental agency that it has
identified an area of non-compliance or other concern in the course of any investigation of the Advisor. Throughout this Agreement, the term “business day” shall mean any day in which the New York Stock Exchange is open for trading and on
which the Trustee’s principal office is open for business. 
 3. Definition of Subaccount. The Subaccount for which
the Advisor has been appointed to render investment advice and certain other services is designated as Subaccount A and consists of the assets set forth in Appendix A. The Trustee may change the composition of or the amount of assets included within
the Subaccount, by amending Appendix A, after written notice to the Advisor and ABRF. 
 4. The Advisor’s
Services. 
 (a) Investment Process. Subject to the Trustee’s authority for making investments,
the Advisor shall invest the assets of the Subaccount in a manner consistent with the provisions of this Agreement and the Investment Guidelines. The manner and procedures for effecting any purchases, sales or investments for the Subaccount are set
forth in Subsection 4(c) below. 
 (b) Compliance With Policies and Other Requirements. In providing its
investment advisory and other related services, the Advisor shall act in accordance with the investment objectives and policies for the Fund as set forth in the Fund Declaration pursuant to which the Fund is established and maintained, as the same
may be amended from time to time by the Trustee (the “Fund Declaration”), a copy of which is attached hereto as Appendix B, and in accordance with any additional Investment Guidelines that have been established by the Trustee for the
Subaccount as set forth in Appendix C, as the same may be amended from time to time by the Trustee. In providing its investment advisory and other related services under this Agreement, the Advisor shall comply with all of the Trustee’s
reasonable operating requirements as the same may be communicated in writing by the Trustee to the Advisor from time to time. The Advisor shall comply with any changes to such operating requirements that the Trustee may make

  

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from time to time within a period of time reasonably specified by the Trustee (or if none is specified, within a reasonable time period) after notice of such changes is communicated in writing by
the Trustee to the Advisor. 
 (c) Investment Procedures. The Advisor shall place orders or otherwise give
instructions with respect to the investment of the assets in the Subaccount only in accordance with the provisions of this Subsection 4(c). Except in accordance with the following provisions, the Advisor shall have no authority to place orders for
the execution of transactions involving assets of the Subaccount or to give instructions to the Trustee with respect thereto: 

(i) Approved List. The Advisor shall submit to the Trustee, if required by the Trustee, a list of recommended
securities, which are permissible investments for the Subaccount. Such list, when approved by the Trustee, together with such other securities as may be designated by the Trustee as permissible investments for the Subaccount pursuant to this
Subsection 4(c)(i), Subsection 4(c)(iii) or the Investment Guidelines, shall be known as the “Approved List”. 

Until such time as the Trustee specifically requires it to do so, the Advisor shall not be obligated to submit a list of
recommended securities for inclusion on the Approved List; pending the submission and approval of such a list, any securities which conform with the requirements of the Investment Guidelines shall be deemed to constitute permissible investments for
the Subaccount and to constitute the “Approved List.” 
 (ii) Additions and Deletions. Additions
to and deletions from the Approved List may be made from time to time by the Trustee upon the written recommendation by the Advisor, or on the Trustee's own initiative. In lieu of deleting a security entirely, the Trustee may restrict further
purchases of such security or direct a reduction in the holdings thereof. A security once deleted from the Approved List shall not thereafter be added to the Approved List without a new approval by the Trustee. 

(iii) Notices and Reports. The Advisor shall provide to the Trustee trade date notice of any exercise of the powers
granted to it hereunder and in any event shall render to the Trustee, not later than the fifth business day of each month, a written report of all transactions and activities of the Advisor during the preceding month and the status of the Account at
the end of such month, in such reasonable detail as the Trustee shall require. 
 (iv) Directions from the
Trustee. At any time, and from time to time, the Trustee may direct the Advisor in the exercise of the powers granted to it hereunder. All oral directions will be confirmed in writing to the Advisor by an officer of the Trustee. It shall be the
duty of the Advisor to act strictly in accordance with each such direction and, except as provided in the following paragraph, the Advisor shall be under no duty to question any such direction of the Trustee. 

 

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 If the Advisor shall disagree with any direction by the Trustee, or should
those employees of Advisor responsible for investing and administering the assets of the Account have actual knowledge of the existence of any circumstances that would be likely to render any such direction illegal or imprudent, it shall so advise
the Trustee forthwith. If the Trustee thereafter determines not to rescind such direction, the Advisor shall have no liability for any loss which may result from any action taken by it in accordance with such direction. In all events, however, the
Advisor shall be liable for its willful or negligent disregard of the directions of the Trustee, as well as for bad faith, and, except where acting in compliance with a direction of the Trustee as to which the Advisor has taken the action specified
in this Subsection 4(c)(iv), for breach of its duties hereunder or failure to use the standards of care set forth in Subsection 4(f). 

(v) Investment Authority. With respect to any transaction authorized pursuant to the provisions of this Section,
the Advisor may take any and all action necessary or desirable to effect such transaction, including but not limited to (A) placing an order with a broker selected in accordance with Subsection 4(h) for the execution of the transaction and
(B) issuing to the Trustee such instructions as may be appropriate in connection with the settlement of such transaction. 

(vi) Valid Notice. “Valid Notice” shall mean written notice or communication, which may be made by
facsimile or by such other means as is approved by the Trustee. 
 (d) Custody of Assets and Confirmation of
Transactions. To the extent required by applicable law, the Advisor shall direct that all securities purchased and the proceeds from the sale of securities for the Subaccount be delivered to the Trustee, unless otherwise directed by the Trustee.
The Advisor shall direct any broker effecting a transaction with respect to the assets of the Subaccount to send the Trustee a duplicate copy of any confirmation of any such transaction, except that the Advisor may make other arrangements (which are
reasonably satisfactory to the Trustee) for the Trustee to receive such duplicate confirmations or comparable information acceptable to the Trustee. 

(e) Voting, Conversion Rights. The Trustee shall retain the responsibility to vote all proxies on behalf of the
Fund. The Advisor shall be responsible for exercise of any conversion, tender or subscription rights in connection with any securities or other investments at any time held in the Subaccount. 

(f) Advisor’s Duty of Care. The Advisor shall discharge its duties with respect to the Subaccount solely in
the interests of the participants in the Plans and their beneficiaries with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such

  

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matters would use in the conduct of an enterprise of like character and with like aims. The Advisor shall not be responsible for the operation or administration of the Trusts or the Plans. The
Advisor shall have no investment advisory responsibilities other than those expressly provided in this Agreement. The Advisor shall discharge its duties in accordance with the requirements of ERISA, other applicable law and this Agreement.

 (g) Fidelity Bond and Insurance. The Advisor shall maintain for the period of the Agreement a fidelity
bond meeting the requirements of Section 412 of ERISA (unless the Trustee acknowledges that the Advisor is exempt from such requirements) and including its officers, directors and employees to the extent so required. The Advisor will provide to
ABRF and the Trustee within twenty (20) business days of the effective date of this Agreement a certificate evidencing insurance policies (including fiduciary, errors and omissions, and fidelity bonds) that could cover or relate to the
Subaccount, the Fund, the Trusts or the Plans, as applicable, and, upon request by the Trustee or ABRF, a certificate of coverage with respect to any such policies. The Advisor will notify ABRF and the Trustee of any material changes in such
policies, which change affects the coverage of the Advisor, within twenty (20) business days after the earlier of when such changes are made or are effective. 

(h) Brokerage Practices. In placing orders for the purchase and sale of assets of the Subaccount in accordance with
Subsection 4(c), the Advisor shall act in accordance with the procedures with regard to brokerage practices for the Subaccount, as described in Appendix D and in a manner that is consistent with ERISA and other applicable law. Unless otherwise
specified in writing by the Trustee, the Advisor shall place orders to purchase, sell, or exchange assets in the Account through such brokers as in the Advisor’s reasonable judgment shall offer the best execution of each transaction, provided
that (1) the Advisor shall have notified the Trustee in advance of (a) its intention to use such broker in effecting transactions for the Account and (b) the principal terms of any agreement which it may have with such broker,
including the range of brokerage fees to be charged by such broker, and (2) any transaction effected through such broker is to be made on a delivery versus payment basis. The Advisor shall not use any broker which has not been specifically
approved in advance by the Trustee if the transaction is not to be made on a delivery versus payment basis or if the transaction would otherwise expose the Subaccount to any risk attendant to a failure of such broker. Anything to the contrary herein
notwithstanding, the Advisor may not (a) place orders to effect transactions with any affiliated person without the express written consent of the Trustee, (b) pay any commissions from the Subaccount to a broker (i) at the requestion
or direction of any client other than the Trustee, (c) without the prior written consent of the Trustee, pay any broker more than its customary brokerage commissions in connection with any transactions or (d) use any broker which is not
registered with a governmental entity or a nationally recognized self-regulatory organization such as the Financial Industry Regulatory Authority. The Advisor shall notify the Trustee of the amount of brokerage commissions paid with respect to each
transaction at the time it provides trade information with respect to such transaction to the Trustee or its representative. 
  

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 (i) Soft Dollars. The Trustee acknowledges and agrees that, subject
to the provisions of Section 28(e) of the Securities Exchange Act of 1934, as amended, and ERISA, the Advisor may effect securities transactions which cause the Subaccount to pay an amount of commission in excess of the amount of commission
another broker or dealer would have charged, provided that the Advisor determines in good faith that such amount of commission is reasonable in relation to the value of brokerage and research services provided by the broker or dealer to the Advisor,
viewed in terms of either the specific transaction or the Advisor’s overall responsibilities to the accounts for which the Advisor exercises investment discretion. For purposes hereof, the term “research services” shall mean products
or services which provide lawful and appropriate assistance to the Advisor’s investment decision-making process. While the Advisor may obtain research services from brokerage commissions charged to the Subaccount that may not directly benefit
the Subaccount at that particular time, the Advisor shall endeavor to ensure that, over time, the Subaccount receives the benefit of research services purchased with brokerage commissions charged to the accounts of other clients of the Advisor. The
Advisor agrees that the receipt and use of such services will not reduce the Advisor’s customary and normal research activities. 

The Trustee may require that the Advisor provide it with reports in such form and at such time as may be reasonably
required, setting forth the amount of total brokerage business which has been placed by it and the allocation thereof among brokers and dealers and specifically indicating those brokers and dealers which provided research services. The Advisor
agrees to follow the CFA Institute Soft Dollar Standards regarding the use and disclosure of soft dollar commissions. 

(j) Nondisclosure of Information. To the extent necessary for the execution of this Agreement or to satisfy the
requirements for disclosure to participants or to meet the requirements of Sections 8 and 9, the Advisor shall keep in strict confidence all information about the financial affairs of the Subaccount. The Advisor may include information about the
Subaccount in aggregate information provided by the Advisor as long as the information is not set out separately or in any other manner that would enable a third party to determine the financial affairs of the Subaccount. 

(k) Advisor’s Potential Conflicts of Interest. The Advisor (and any affiliate thereof) may engage in any other
business or act as advisor to or investment manager for any other person, even though it (or any affiliate thereof) or such other person has, or may have, investment policies similar to those followed by the Advisor with regard to the Subaccount.
Nothing in this Agreement shall prevent the Advisor (or any affiliate thereof) from buying or selling, or from recommending or directing such other person to buy or sell, at any time, securities of the same kind or class recommended by the Advisor
to be purchased or sold for the Subaccount. The Advisor shall be free from any obligation to the Subaccount to recommend any particular investment opportunity which comes to it. However, if the Advisor effects the purchase or sale of the same
securities for the Subaccount and other accounts at the same time that orders are open for the Subaccount and the other accounts, the pricing of or proceeds from such securities shall be allocated among the other accounts and the Subaccount in a
just and equitable manner. 
  

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 (l) Valuation. At the request of the Trustee from time to time, the
Advisor shall provide pricing and valuation information with respect to particular securities it has recommended for the Subaccount if the Trustee has determined that such pricing and valuation information is not otherwise reasonably available to
the Trustee through standard pricing services. 
 5. Representations by the Trustee. The Trustee represents and warrants
that (a) there are no restrictions or limitations on the Subaccount’s investments imposed by applicable law other than (i) those set forth in the Declaration of Trust, the Fund Declaration, this Agreement, and Appendix C, as any of
the same may be amended from time to time and communicated to the Advisor, (ii) those provided in ERISA and (iii) any other investment restriction or limitation imposed by law or regulation which in the Trustee’s judgment is
applicable to the Subaccount and which is communicated by the Trustee to the Advisor; and (b) disclosure to Plan participants contained in the Registration Statement describing the Subaccount is accurate and prepared in accordance with the
requirements of Form S-1 under the Securities Act of 1933, as amended, except that the Trustee makes no representation or warranty with respect to any disclosure relating to the Advisor or its services with respect to the Subaccount which the
Advisor has prepared, approved in writing or has not disapproved within five (5) business days following confirmed transmission by facsimile, acceptable electronic transmission or overnight mail to a person designated by the Advisor to review
such disclosure. 
 6. Liability of the Advisor; Indemnification. 

(a) Limitation of Liability of the Advisor. The Advisor shall not be liable for any act or omission of any other
person or entity exercising a fiduciary responsibility, if such fiduciary responsibility has been allocated to such other person or entity in accordance with this Agreement, the Declaration of Trust, the Fund Declaration, the Plans or the Trusts,
except to the extent that the Advisor has itself violated its fiduciary responsibility or its obligations under this Agreement, or except to the extent that applicable law (including ERISA) may expressly provide otherwise. 

(b) Indemnification. 

(i) Indemnification of Advisor. To the extent permitted by applicable law, the Trustee agrees to indemnify and hold
harmless the Advisor for losses, damages or expenses directly resulting from (A) actions taken by the Advisor in reliance on information provided by the Trustee to the Advisor in accordance with this Agreement, including but not limited to the
Trustee’s operating requirements and cash availability information, (B) actions omitted to be taken by the Advisor pursuant to instructions or directions provided by the Trustee and/or (C) valuation of the assets held in the
Subaccount, computation of unit values for the Subaccount by the Trustee, or performance data and other financial information provided by the Trustee to Subaccount participants except to the extent that the Advisor has incorrectly reported or failed
to report securities transactions in the Subaccount to the Trustee as provided in this Agreement and to the extent that any error in such valuation or computation is due to prices or other information provided by the Advisor. 

 

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 (ii) Indemnification of the Trustee. To the extent permitted by
applicable law, the Advisor agrees to indemnify and hold harmless the Trustee for any losses, damages or expenses arising out of or resulting from (A) the performance by the Advisor of its responsibilities under this Agreement, and (B) any
disclosure relating to the Advisor or the services provided by the Advisor with respect to the Subaccount which the Advisor has prepared, approved in writing or has not disapproved within five (5) business days following transmission by
facsimile, Trustee approved electronic transmission or overnight mail to a person designated by the Advisor to review such disclosure; provided, however, that the Advisor shall not be required to indemnify and hold harmless the Trustee
to the extent that such losses, damages or expenses result from an act or omission of the Advisor with respect to which the Advisor not only has used such care, skill, prudence and diligence as a reasonably prudent person acting in like capacity and
familiar with such matters would use in the conduct of an enterprise of like character and with like aims, but also has otherwise acted in accordance with this Agreement and applicable law. 

(iii) Advisor and Trustee Indemnification Procedures. If the party seeking indemnification is either the Advisor or
the Trustee, such party shall promptly notify the indemnifying party of any claim, action, suit or proceeding, or threat thereof, which may result in a claim for indemnification. Upon such notification, the indemnifying party may, at its option,
undertake the conduct and cost of defending any such claim, action, suit or proceeding and in such case shall have full control of such defense, including but not limited to selection of counsel (provided that such counsel must be reasonably
acceptable to the party being indemnified) and entry into settlement agreements (provided that any such settlement agreement shall require the consent of the party being indemnified, which consent shall not be unreasonably delayed or withheld). The
Trustee or the Advisor, as the indemnifying party, shall not be liable for any legal or other expenses incurred in connection with any such defense that were not specifically authorized by it; provided, however, if such indemnifying
party fails to undertake and prosecute vigorously the defense of any such claim, action, suit or proceeding, it shall be liable for reasonable legal and other expenses incurred by the party being indemnified. 

(c) Indemnification of ABRF. 

(i) To the extent permitted by applicable law, the Advisor agrees to defend, indemnify and hold harmless ABRF, its then
present and former officers, directors and advisory directors, the ABA, and its then present and former officers and Board of Governors (the “Indemnified Persons”) against any and all expenses (including attorney’s fees, judgments,
fines and penalties, including any civil penalties assessed under Section 502(l) of ERISA) and amounts paid in settlement actually or reasonably incurred in connection with any 

 

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threatened, pending or current action, suit, proceeding or claim, whether civil, criminal, administrative or otherwise, and the amount of any adverse judgment entered against any of them and any
reasonable expenses attendant thereto by reason of any of the Advisor’s acts or omissions in connection with this Agreement. For the above defense, indemnity and hold harmless provision to apply (i) the Indemnified Persons (or ABRF) shall
inform the Advisor promptly of any claims threatened or made against any Indemnified Person, (ii) the Indemnified Persons shall cooperate fully with the Advisor in responding to such threatened or actual claims and (iii) any settlement
agreement entered into by the Indemnified Persons shall require the written approval of the Advisor, which approval shall not be unreasonably withheld or delayed, and any settlement agreement entered into by the Advisor shall require written
approval, within the time frame established by the Advisor, of the Indemnified Persons, which approval shall not be unreasonably withheld. 

(ii) Right to Counsel. The Indemnified Persons shall have the right to employ counsel in their, its, his or her
sole discretion. Such Indemnified Persons shall be responsible for the expenses of such separate counsel except as provided in Subsection 6(c)(iii). The Advisor agrees to cooperate fully with the Indemnified Persons and their separate counsel
in responding to such threatened or actual claims. 
 (iii) Separate Counsel. The Advisor agrees to
cooperate fully with the Indemnified Persons in responding to such threatened or actual claims. The Indemnified Persons shall have the right to reasonable expenses of separate counsel paid by the Advisor, provided that the Advisor shall not
be liable for any legal or other expenses incurred in connection with any such threatened claim or defense that were not specially authorized by the Advisor in writing and provided that the Advisor shall have received a written opinion
reasonably acceptable in form and substance to the Advisor of counsel reasonably acceptable to the Advisor (and which counsel shall not represent or otherwise be affiliated with any of the Indemnified Persons) that there exists a material conflict
of interest between one or more of the Indemnified Persons and the Advisor in the conduct of the response to a threatened claim or in the conduct of the defense of an actual claim, in which event the Advisor shall be liable for the reasonable legal
expenses of each counsel whose appointment is necessary to resolve such conflict; provided, however, the Advisor shall not be responsible for more than one (1) counsel for all Indemnified Persons and selection of such counsel
shall be reasonably acceptable to the Advisor. 
 (iv) Payment of Expenses. Expenses (including counsel
fees) specifically authorized by the Advisor and actually and reasonably incurred by the Indemnified Persons in defending against or responding to such threatened or actual claims as provided in (i) and (iii) of this Subsection shall be
paid as they are incurred. If an Indemnified Person is reasonably required to bring any action to enforce rights or collect monies due under Subsection 6(c) and is successful in such action, the Advisor shall reimburse such Indemnified Person or its
subrogee for reasonable fees and expenses incurred in bringing and pursuing such action. 
  

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 (v) Supplemental Rights. Indemnification pursuant to Subsection 6(c)
is intended to be supplemental to any other rights to indemnification available to the Indemnified Persons. Nothing herein shall be deemed to diminish or otherwise restrict the Indemnified Persons’ rights to indemnification under law.

 (vi) Third Party Beneficiaries. The indemnifying party acknowledges that the Indemnified Persons are
intended to be third-party beneficiaries of Subsection 6(c). 
 (d) Notwithstanding anything to the contrary
contained in this Agreement, in the event that the Trustee in its sole discretion determines that the Advisor has entered into a transaction on behalf of the Fund that is in violation of the Investment Guidelines or has failed to properly follow a
direction of the Trustee with respect to investment of the Fund, the Trustee shall direct the Advisor to take such corrective action as the Trustee determines is appropriate and the Advisor shall be solely responsible for reimbursement to the Fund
of all costs, expenses, damages and losses incurred in connection with the original transaction and any such corrective action. 

7. Transactions Prohibited with Respect to the Advisor. The Advisor, its officers, partners, directors and affiliates, and each of
them, shall not, with respect to the Subaccount, (a) as a principal, purchase assets from or sell assets to the Fund, (b) receive any compensation or fees with respect to the Fund, other than the fees provided for in Appendix E,
(c) engage in or recommend any transaction involving or affecting the Fund that such person knows or should know is a prohibited transaction under ERISA unless such transaction is exempt under the applicable provisions of ERISA or
(d) direct delivery of securities or payment to itself or direct any disposition of securities or cash from the Subaccount except to the Trusts. Without limiting the foregoing, the Advisor, its officers, partners, directors and employees, and
each of them, shall not, with respect to the Subaccount, effect any commodities or securities transaction or foreign exchange transaction with the Trustee or any of its affiliates unless the Advisor receives the prior written approval of the
Trustee. 
 8. Reports and Meetings. 

(a) Monthly Reports. At least monthly the Advisor shall render to the Trustee and ABRF, or their designee, reports
concerning its services under this Agreement and the status of the Subaccount, based on the reporting procedures set forth in Appendix F, which is hereby adopted and made a part of this Agreement, including statements of investments in the
Subaccount. 
 (b) Meetings. The Advisor will meet with the Trustee and ABRF and with such other persons
as the Trustee or ABRA may designate on reasonable notice and at reasonable times and locations, to discuss general economic conditions, Subaccount performance, investment strategy and other matters relating to the Subaccount. 

 

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 (c) Reports Prior to Termination. On each day during the period ten
(10) business days prior to the effective date of the Advisor’s resignation or its removal under this Agreement by the Trustee (the “Termination Date”), or on each day of such shorter period after which the Advisor has received
notice of its removal, the Advisor shall render to the Trustee and ABRF, or their designee, a report of the current status of the Subaccount based on the procedures set forth in Appendix F, including a statement of investments in the Subaccount
and on the day immediately following the Termination Date, such report shall be rendered in final form with respect to the status of the Subaccount, including a statement of investments therein, as of the close of business on the Termination Date.

 (d) Additional Reports. The Advisor shall furnish to the Trustee and ABRF such additional reports and
information as may be reasonably requested by the Trustee or ABRF. 
 9. Accounting. The Advisor shall keep accurate and
detailed records concerning its services under this Agreement, including records of all transactions effected and recommendations made during its performance of this Agreement, and all such records shall be open to inspection at all reasonable times
by the Trustee and ABRF, or their designee, and by duly authorized representatives of the Secretary of Labor and the Secretary of the Treasury acting pursuant to their authority under ERISA and the Code, respectively, and other appropriate
regulatory authorities. 
 10. Advisor’s Compensation. The amount and manner of payment of fees payable by the
Trustee to the Advisor for the Advisor’s services under this Agreement are set forth in Appendix E. The Advisor agrees that if it enters into a fee schedule with any new non-eleemosynary non-affiliated client whose portfolio is advised or
managed in a similar manner as that of the Subaccount (i.e., using the Advisor’s International Large Cap Value strategy)under similar investment policies, objectives and restrictions as the Subaccount, and is similarly or smaller sized, for
services which are substantially similar to the services provided under this Agreement and such fee schedule contains fees that are less than the fees set forth in Appendix E, it will offer the same fee schedule to the Trustee, which shall have
the right to require the amendment to Appendix E to reflect that lower fee schedule. 
 11. Removal and Resignation.

 (a) Removal of the Advisor. Upon written notice to the Advisor, the Advisor may be removed by the
Trustee. Any transaction for the Subaccount entered into by the Advisor of the notice shall be consummated unless the Trustee directs otherwise and the Advisor shall not enter into any transaction for the Subaccount subsequent to the receipt of the
notice. 
 (b) Resignation of the Advisor. The Advisor may resign under this Agreement upon sixty
(60) days’ prior written notice to the Trustee. The Advisor shall concurrently advise ABRA in writing of such resignation and the effective date thereof. 

 

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 (c) Termination of Obligations. The respective obligations of the
Advisor and the Trustee under Section 6 of the Agreement shall survive any such removal or resignation or other termination of this Agreement. 

12. Termination, Amendment or Modification. The provisions of this Agreement may not be terminated, changed, modified, altered or
amended in any respect except in a writing signed by the parties. 
 13. Definitions. As used herein the following terms
shall have the meanings ascribed to them in the following sections of this Agreement: 
  

			
	 Term Defined
	 	 Section

	ABA Members Collective Trust	 	Introduction
	ABA Members Plans	 	Introduction
	ABRA	 	Introduction
	Advisers Act	 	2
	Advisor	 	Introduction
	Advisor’s Amendment	 	4(c)(i)
	Advisor’s Recommendation	 	4(c)(ii)
	Agreement	 	Introduction
	Authorized Transaction	 	4(c)(iii)
	Broker List	 	4(c)(i)
	business day	 	2
	Code	 	Introduction
	Declaration of Trust	 	Introduction
	ERISA	 	2
	Fund	 	Introduction
	Fund Declaration	 	4(b)
	Indemnified Persons	 	6(c)(i)
	Plans	 	Introduction
	NTI	 	Introduction
	Subaccount	 	Introduction
	Suggested Response	 	4(e)
	Termination Date	 	8(c)
	Trustee	 	Introduction
	Trustee’s Response	 	4(c)(ii)
	Trustee’s Rejection	 	4(e)
	Trusts	 	Introduction
	Valid Notice	 	4(c)(v)

 14. Governing Law. This
Agreement shall be construed and enforced according to the laws of the State of Illinois and, to the extent of any federal preemption, the laws of the United States of America. 

 

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 15. Binding upon Successors. This Agreement shall be binding upon and enforceable by
the successors to the parties hereto. 
 16. Assignment. The Advisor may not assign this Agreement (including for this
purpose any assignment within the meaning of the Advisers Act), or any rights or responsibilities hereby created, without the prior written consent of the Trustee, which consent may be withheld by the Trustee in its sole discretion; however, the
parties may amend this Agreement from time to time in accordance with Section 12. 
 17. Notices. Written notices
shall be deemed effective with respect to a party upon delivery to such party at the address set forth below or to such other address as may be provided in writing from time to time by such party: 

 

			
	To the Advisor:	    	 LSV Asset Management
 155
North Wacker Drive, Suite 4600
 Chicago, IL 60606

Attention: Chief Operating Officer
 Telecopier:
312-220-9241

		
	To the Trustee:	    	 Northern Trust Investments, N.A.

50 South LaSalle Street
 Chicago, Illinois, 60603

		    	Attention: Tom Benzmiller

 18. Oral
Communications. Oral communications between the parties to this Agreement shall be effective hereunder only to the extent specifically authorized herein. By its execution of this Agreement, each of the parties hereto acknowledges that the other
party may record any such oral communications and consents to any such recording. All oral communications shall be confirmed in writing, except that if an oral communication is recorded such recording shall be controlling and no written confirmation
shall be required. 
 19. Authority. The parties to this Agreement represent, respectively, that they have duly
authorized the execution, delivery and performance of this Agreement and that neither such execution and delivery nor the performance of their obligations hereunder conflict with or violate any provision of law, rule or regulation, or any instrument
to which either is a party or to which any of their respective properties are subject and that this Agreement is a valid and binding obligation. 

20. Authorized Representatives of the Advisor. The Advisor from time to time shall by written notice certify to the Trustee the
name of the person or persons authorized to act on behalf of the Advisor. Any person so certified shall be deemed to be the authorized representative of the Advisor. The Advisor shall give written notice to the Trustee when any person so certified
ceases to have the authority to act on behalf of the Advisor, but such revocation of authority shall not be valid until the notice is received by the Trustee. The Advisor will notify the Trustee in writing of any significant changes in the officers
of the Advisor and any changes in the personnel of the Advisor responsible for investment of the assets of the Subaccount within twenty (20) business days after such change. 

 

 13 

 IN WITNESS WHEREOF, the parties have executed this Agreement effective July 1, 2010.

  

			
	 NORTHERN TRUST INVESTMENTS, N.A.

		
	By:	 	 /s/ Joseph W. McInerney

	Name:	 	Joseph W. McInerney
	Title:	 	Senior Vice President
	
	LSV ASSET MANAGEMENT
		
	By:	 	 /s/ Tremaine Atkinson

	Name:	 	Tremaine Atkinson
	Title:	 	Chief Operating Officer

  

 14Investment Management Agreement

 Exhibit 10.26 

July 1, 2010 
 Northern Trust Investments,
N.A. 
 50 South LaSalle Street 

Chicago, Illinois 60603 
 Dear Mr. Nero:

 State Street Global Advisors, a division of State Street Bank and Trust Company (“State Street”) is Trustee of the
State Street Bank and Trust Company ABA Members/Pooled Stable Asset Fund Trust (the “Fund”). 
 The funds listed on
Exhibit 1 attached hereto (the “ABA Funds”) have previously been established under the American Bar Association Members/State Street Collective Trust (the “Collective Trust”) and are offered as investment options under the ABA RF
Retirement Funds Program (the “Program”). Effective as of the date hereof (the “Effective Date”), pursuant to a Succession and Assignment Agreement between State Street, State Street Bank and Trust Company of New Hampshire
(“SSNH”), The Northern Trust Company (“NTC”) and Northern Trust Investments, N.A. (“NTI”) (NTI and NTC collectively, “Northern”), NTI has succeeded SSNH as trustee of the Collective Trust and the ABA Funds
established thereunder, and the Collective Trust is now known as the American Bar Association Members /Northern Trust Collective Trust (“Client Trust”). NTI, in its capacity as trustee of the Client Trust and the ABA Funds thereunder, is
referred to herein as “Client”. 
 The Fund is a bank commingled fund exempt from tax under Revenue Ruling 81-100, the
assets of which consist solely of assets held in trust for the benefit of various pension and profit sharing plans qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended (the “Code”) and exempt from tax under
Section 501(a) of the Code. 
 Client wishes to appoint State Street as Investment Manager for certain assets of Client
Trust, and Client and State Street hereby agree that the terms and conditions of such appointment shall be as follows: 
  

	1.	 Client hereby appoints State Street, acting in its capacity as trustee of the Fund, as Investment Manager, as such term is defined in
Section 3(38) of the Employee Retirement Income Security Act of 1974 (“ERISA”) with respect to all 

	 	 
cash, securities, or other property of the ABA Funds from time to time held in the Fund pursuant to the Program. Such assets shall constitute the “Account”. State Street hereby accepts
such appointment as Investment Manager pursuant to the terms of this Agreement and agrees to act upon the direction of Client with respect to the investment of the assets held in the Account. Client agrees to maintain in strict confidence and for
use only with respect to the Account all investment advice given, transactions effected and other information provided by State Street. 

  

	2.	The Fund will be maintained in accordance with investment objectives (the “Objectives”), the current form of which is attached hereto as Exhibit 2.

 State Street, in its discretion, shall invest cash held by the Fund in State Street’s Short Term Investment
Fund (“STIF”) and in the following mutual fund advised by SSgA Funds Management, Inc.: SSgA Money Market Fund (“MM Fund”). The MM Fund currently charges a management fee of twenty-five (25) basis points and other expenses of
up to fourteen (14) basis points. Client acknowledges receipt of the prospectus for the MM Fund. 
 State Street shall only
invest in the MM Fund when (i) the return, net of all expenses, of the MM Fund exceeds the return of STIF or (ii) cash becomes available for investment after the STIF deadline, but within the deadline for investment in the MM Fund. With
respect to the assets invested in MM Fund, State Street shall waive an allocable portion of the management fee charged by the Fund, as more fully outlined in paragraph 6 hereof. 

 

	3.	State Street shall have the following powers and duties with respect to the Account: 

 

	 	(a)	State Street shall exercise the same care in the safekeeping of the assets held in the Account, including the Units, with the care, skill, prudence, and diligence under
the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims. 

 

	 	(b)	State Street shall collect all income which shall arise from, or accrue to or on account of, the property held in the Account, including any and all principal
repayments. 

  

	 	(c)	 State Street shall report to Client the net asset value of the Account, including the number and the net asset value of the Units held in the Account,
within a 

	 	 
reasonable period after the close of each month. In addition, upon request State Street will provide Client with an annual audited financial report pertaining to the Fund within a reasonable
period after the end of each year. 

  

	 	(d)	State Street may hold the property in the Account in its name, in the name of its nominee or in bearer form. 

 

	4.	State Street represents and warrants that it is a “bank” as such term is defined in the Investment Advisers Act of 1940. 

The Fund is a commingled fund which meets the requirements of Revenue Ruling 81-100 and consist solely of assets constituting assets of
entities which qualify under Section 401(a) of the Code, including government plans as defined in Section 818(a)(6) of the Code. State Street shall continue to maintain the Fund in accordance with the terms of Revenue Ruling 81-100 and
shall immediately notify Client in the event that it discovers or is notified by the Internal Revenue Service that it fails to comply with Revenue Ruling 81-100. In the event that any portion of the assets of the Fund loses its tax exempt status,
then State Street shall immediately cause such assets to be withdrawn from the Fund. 
 State Street acknowledges that it is a
fiduciary with respect to the Fund as such term is defined in Section 3(21) of ERISA. 
  

	5.	Client represents and warrants that the assets transferred to the Account on and after the Effective Date consist solely of qualified assets of the Client Trust. Client
further represents and warrants that the Client Trust is a commingled fund which meets the requirements of Revenue Ruling 81-100 and consists solely of assets constituting assets of entities which qualify under Section 401(a) of the Code,
including plans or governmental units as described in Section 818(a)(6) of the Code. 

 Client shall continue
to maintain the Client Trust in accordance with the terms of Revenue Ruling 81-100 and shall immediately notify State Street in the event that it discovers or is notified by the Internal Revenue Service that it fails to comply with Revenue Ruling
81-100. In the event that any portion of the assets of the Client Trust loses its tax exempt status, then Client shall immediately cause such assets to be withdrawn from the Client Trust. 

Client acknowledges that it is a fiduciary with respect to the Client Trust as such term is defined in Section 3(21)

 
of ERISA and that in its capacity as a fiduciary it is authorized to appoint State Street as Investment Manager. The Client further warrants that under the plan and trust documents establishing
the Client Trust, it has the authority to enter into this Agreement and that the Client Trust is authorized to invest in units of commingled funds maintained by a bank. 

In the event that Client has actual knowledge that any assets held in the Account have lost their tax exempt status, or the Client Trust
loses its exempt status, Client warrants that it shall immediately cause such assets to be withdrawn from the Account. Client shall indemnify and hold harmless State Street for any liabilities and losses which result from Client’s failure to
maintain the Client Trust in accordance with Revenue Ruling 81-100. 
 The terms and conditions of the declaration of trust of
the State Street Trust, including the Fund Declaration creating the Fund and the Class Description, as the case may be, are hereby adopted and incorporated by reference into the Plan. 

 

	6.	State Street shall be entitled to a fee in accordance with the Fee Schedule (“Exhibit 3”). Fees will be charged to Client Trust quarterly in arrears based on
the average of the Client Trust’s month-end market values in the Account within each quarter. State Street will provide Client with an invoice subsequent to the end of each calendar quarter. 

State Street, however, will waive an allocable portion of the fee determined pursuant to Exhibit 3 with respect to any assets invested in
the MM Fund as set forth in paragraph 2 above. 
 Any and all expenses directly relating to the investment of the assets of the
Account, and all taxes, including any interest and penalties with respect thereto, which may be levied or assessed under existing or future laws upon or in respect of the Fund or income thereof shall, unless otherwise provided, be charged to and
paid out of the assets of the Account. 
  

	7.      (a)	It is acknowledged that State Street and its affiliates perform investment advisory services for various clients. Client agrees that State Street may give advice and
take action in the performance of its duties with respect to any of its other clients which differ from action taken with respect to the Fund. 

	 	(b)	Neither party will assign its rights or duties under this Agreement without first obtaining the written consent of the other party. 

 

	 	(c)	This Agreement may be terminated by either party hereto upon thirty (30) days’ written notice to the other party. 

 

	 	(d)	This Agreement shall be administered and construed, to the extent permitted by ERISA, according to the laws of the Commonwealth of Massachusetts.

  

	 	(e)	This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which shall constitute the same instrument.

  

	 	(f)	This Agreement may not be amended or modified, nor may compliance with any condition or covenant set forth herein be waived, except by a writing duly and validly
executed by each party hereto, or in the case of a waiver, the party waiving compliance. 

  

	 	(g)	Client acknowledges receipt of the State Street Bank and Trust Company ABA Members/Pooled Stable Asset Fund Trust Amended and Restated Declaration of Trust. Client
further acknowledges that State Street may engage in internal cross-trading pursuant to applicable U.S. Department of Labor Prohibited Transaction Exemptions, acknowledges receipt of State Street’s Policies for Internal Cross-Trading, and
hereby authorizes State Street or its affiliates to engage in such cross-trading in connection with the Account. In the event that the investment objectives set forth in Exhibit 1 include securities lending, Client acknowledges receipt of the
EquiLend disclosure and the Securities Lending Disclosure and hereby affirmatively authorizes State Street to engage in securities lending as set forth therein and approves the fees charged with respect to securities lending as described in the
applicable Fund Declarations and authorizes State Street to utilize EquiLend or its successor in connection with management of the Account. 

  

	 	(h)	All notices to be given to State Street shall be mailed to: 

Compliance Officer 

State Street Global Advisors 

One Lincoln Street 

Boston, MA 02111-2900 

 All notices to be given to Client shall be mailed to: 

Northern Trust Investments, N.A. 

50 South LaSalle Street 

Chicago, Illinois 60603 

Attention: Tom Benzmiller, Senior Vice President 

312-557-3322 
  

	 	(i)	To help the U.S. government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions such as State Street to
obtain, verify, and record information that identifies each person who opens an account, including in connection with this Agreement. When Client opens an account, State Street will ask, as applicable, for Client’s name, address, date of birth,
and other information that will allow State Street to identify Client pursuant to U.S. Federal requirements. State Street may also ask to see other identifying documents, including a driver’s license in the case of individuals.

  

	 	(j)	 Client and State Street expressly undertake to protect and to preserve the confidentiality of: (i) the portfolio holdings of the Fund,
(ii) all other information and know-how made available under or in connection with this Agreement, and (iii) the parties’ activities hereunder that is either designated as being confidential, or which, by the nature of the
circumstances surrounding the disclosure, ought in good faith be treated as proprietary or confidential (collectively the “Confidential Information”). Client and State Street shall take reasonable security precautions, at least as great as
the precautions it takes to protect its own confidential information but in any event using a reasonable standard of care, to keep confidential the Confidential Information. Neither Client nor State Street shall disclose Confidential Information
except: (a) to its employees, consultants, legal advisors or auditors having a need to know such Confidential Information; (b) in accordance with a judicial or other governmental order or when such disclosure is required by law, provided
that prior to such disclosure the receiving party shall provide the disclosing party with written notice and shall comply with any protective order or equivalent; or (c) in accordance with a regulatory audit or inquiry, without prior notice to
the disclosing party, provided that the receiving party shall obtain a confidentiality undertaking from the regulatory agency where possible. Neither Client nor State Street may make use of any Confidential Information except as expressly authorized
in this Agreement or as agreed to in writing between the 

	 	 
parties. However, the receiving party shall have no obligation to maintain the confidentiality of information that: (a) it received rightfully from another party prior to its receipt from
the disclosing party; (b) the disclosing party discloses generally without any obligation of confidentiality; (c) is or subsequently becomes publicly available without the receiving party’s breach of any obligation owed to the
disclosing party; or (d) is independently developed by the receiving party without reliance upon or use of any Confidential Information. The obligations of Client and State Street under this clause shall survive for a period of three
(3) years following the expiration or termination of this Agreement. To acknowledge your consent to and acceptance of the terms of this Agreement, please sign in the space provided below. 

 

	8.        (a)	To the extent permitted by applicable law, State Street agrees to defend, indemnify and hold harmless the ABA RF, its then present and former officers, directors and
manager directors, the ABA , and its then present and former officers and board of Governors (the “Indemnified Persons”) against any and all expenses (including attorney’s fees, judgments, fines and penalties, including any civil
penalties assessed under Section 502(l) of ERISA) and amounts paid in settlement actual and reasonably incurred in connection with any threatened, pending or current action, suit, proceeding or claim, whether civil, criminal, administrative or
otherwise, and the amount of any adverse judgment entered against any of them and any reasonable expenses attendant thereto (collectively, the “Claims”) that are the direct result of any of State Street’s acts or omissions in
connection with this Agreement. For the above defense, indemnity and hold harmless provision to apply (i) the Indemnified Persons (or the ABA RF) shall inform State Street promptly of any Claims threatened or made against any Indemnified
Person, (ii) the Indemnified Persons shall cooperate fully with State Street in responding to such threatened or actual Claims and (iii) any settlement agreement entered into by the Indemnified Persons shall require the written approval of
State Street, which approval shall not be unreasonably withheld or delayed and any settlement agreement entered into by State Street shall require written approval, within the time frame established by State Street, of the Indemnified Persons, which
approval shall not be unreasonably withheld or delayed. 

	 	(b)	Subject to State Street’s written approval, which approval shall not be unreasonably withheld, the Indemnified Persons shall have the right to employ counsel in
their, its, his or her sole discretion. Such Indemnified Persons shall be responsible for the expenses of such separate counsel except as provided in (c) of this Section 8. State Street agrees to cooperate fully with the Indemnified
Persons and their separate counsel in responding to such threatened or actual Claims. 

  

	 	(c)	State Street agrees to cooperate fully with the Indemnified Persons in responding to such threatened or actual Claims. Subject to State Street’s written approval,
which approval shall not be unreasonably withheld, the Indemnified Persons shall have the right to reasonable expenses of separate counsel paid by State Street, provided that State Street shall not be liable for any legal or other expenses incurred
in connection with any such threatened Claims or defense that were not specially authorized by State Street in writing and provided that State Street shall have received a written opinion reasonably acceptable in form and substance to State Street
of counsel reasonably acceptable to State Street (and which counsel shall not represent or otherwise be affiliated with any of the Indemnified Persons) that there exists a material conflict of interest between one or more of the Indemnified Persons
and State Street in the conduct of the response to a threatened Claim or in conduct of the defense of an actual Claim, in which event State Street shall be liable for the reasonable legal expenses of each counsel whose appointment is necessary to
resolve such conflict; provided, however, State Street shall not be responsible for more than one (1) counsel for all Indemnified Persons. 

  

	 	(d)	Expenses (including counsel fees) specifically authorized by State Street and actually and reasonably incurred by the Indemnified Persons in defending against or
responding to such threatened or actual claims as provided above shall be paid as they are incurred. If an Indemnified Person is reasonably required to bring any action to enforce rights or collect monies due under this Section 8 and is
successful in such action, State Street shall reimburse such Indemnified Person or its subrogee for reasonable fees and expenses incurred in bringing and pursuing each such action. 

 

	 	(e)	 Indemnification pursuant to this Section 8 intended to be supplemental to any other rights to indemnification

	 	 
available to the Indemnified Persons. Nothing herein shall be deemed to diminish or otherwise restrict the Indemnified Persons’ rights to indemnification under law.

  

	 	(f)	State Street acknowledges that the Indemnified Persons are intended to be third-party beneficiaries of this Section 8. 

 

	9.	State Street agrees to defend, indemnify and hold harmless the Client against any and all liabilities, claims, losses, costs, expenses and demands arising directly out
of or in connection with State Street’s breach of any of its representations made under this Agreement, breach of any fiduciary duties, negligence, bad faith or willful misconduct in the performance of its responsibilities under this Agreement.

  

	10.	Client agrees to defend, indemnify and hold harmless State Street against any and all liabilities, claims, losses, costs, expenses and demands arising directly out of
or in connection with Client’s breach of any of its representations made under this Agreement,any breach by Client of its fiduciary duties or its negligence, bad faith or willful misconduct in the performance of Client’s responsibilities
under this Agreement 

  

	11.	State Street shall not be liable for any act or omission of any other person or entity exercising a fiduciary responsibility, if such fiduciary responsibility has been
allocated to such other person or entity in accordance with this Agreement or the documents governing the Client Trust and the ABA RF, except to the extent that State Street has itself violated its fiduciary responsibility under ERISA or its
obligations with respect to the this Agreement. 

 Very truly yours, 

STATE STREET GLOBAL ADVISORS, a division of 

State Street Bank and Trust Company 
  

			
	BY:	 	 /s/ Stephen Coyle

	TITLE:	 	 Head U.S. Sub-Advisory

Agreed to and Acknowledged 
 NORTHERN
TRUST INVESTMENTS, N.A. in its individual corporate capacity and in its capacity as the Trustee of the American Bar Association Members/Northern Trust Collective Trust 
  

			
	BY:	 	 /s/ Thomas R. Benzmiller

	TITLE:	 	 Sr. Vice President

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