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EXHIBIT 10.2.a
First Amendment to Investment Advisory Agreement
between MorAmerica Capital Corporation and
InvestAmerica Investment Advisors, Inc.,
dated August 1, 1996
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FIRST AMENDMENT TO MORAMERICA CAPITAL CORPORATION
INVESTMENT ADVISORY AGREEMENT
THIS FIRST AMENDMENT TO MORAMERICA CAPITAL CORPORATION INVESTMENT
ADVISORY AGREEMENT (the "First Amendment"), dated as of August 1, 1996, amends
the terms of the MorAmerica Capital Corporation Investment Advisory Agreement
(the "Agreement") dated as of October 1, 1994, among MorAmerica Capital
Corporation (the "Corporation") and InvestAmerica Investment Advisors, Inc.
("InvestAmerica"). All terms and conditions of the Agreement shall remain in
full force and effect except as expressly amended herein. All capitalized terms
used but not defined herein shall have their respective meanings set forth in
the Agreement.
WHEREAS, the original term of the Agreement was for two years from the
date thereof, through September 30, 1996, subject to annual continuance
thereafter in accordance with Section 15 of the Investment Company Act of 1940,
as amended, by a majority of the Board of Directors of the Corporation who are
not interested persons of InvestAmerica, or by a vote of the holders of a
majority of the Corporation's outstanding voting securities;
WHEREAS, at a meeting duly held on June 12, 1996, a majority of the
Board of Directors of the Corporation who are not interested persons of
InvestAmerica, having requested from InvestAmerica and received and evaluated
such information as deemed reasonably necessary to evaluate the terms of the
Agreement, determined that the continuance of the Agreement for an additional
one-year term was in the best interests of the Corporation;
NOW, THEREFORE, in consideration of the foregoing and other good and
valuable consideration, the parties hereto agree as follows:
Pursuant to Section 7 of the Agreement, the term of the Agreement shall
be continued in effect for a one year period from October 1, 1996 through
September 30, 1997.
IN WITNESS WHEREOF, the undersigned have executed this FIRST AMENDMENT
TO MORAMERICA CAPITAL CORPORATION INVESTMENT ADVISORY AGREEMENT dated as of
August 1, 1996.
MORAMERICA CAPITAL CORPORATION
By /s/ Xxxx X. Xxxx, Xx.
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Xxxx X. Xxxx, Xx., Chairman
INVESTAMERICA INVESTMENT
ADVISORS, INC.
By /s/ Xxxxx X. Xxxxxxxx
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Xxxxx X. Xxxxxxxx, President
