EX-99.(L)(23) 15 c05908bpexv99wxlyx23y.txt PURCHASE AGREEMENT Exhibit (l)(23) PURCHASE AGREEMENT Northern Funds (the "Trust"), a Delaware statutory trust, and Eric K. Schweitzer (the "Purchaser"), hereby agree as follows: 1. The Trust hereby offers the Purchaser and the Purchaser hereby purchases ten shares of the Multi-Manager Mid Cap Fund, Multi-Manager Small Cap Fund and Multi-Manager International Equity Fund (collectively the "Multi-Manager Shares") for $10.00 per share. The Trust hereby acknowledges receipt from the Purchaser of funds in full payment for the Multi-Manager Shares. 2. The Purchaser represents and warrants to the Trust that the Multi-Manager Shares are being acquired for investment purposes and not with a view to the distribution thereof. IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties hereto have executed this Agreement as of May 5, 2006. NORTHERN FUNDS By: /s/ Lloyd A. Wennlund ------------------------------------- ERIC K. SCHWEITZER By: /s/ Eric K. Schweitzer -------------------------------------