QUAKER INVESTMENT TRUST AMENDMENT TO INVESTMENT SUBADVISORY AGREEMENT
(d)(11)
THIS AMENDMENT is made and entered into as of the 8th day of March, 2010, by and between
Quaker Funds, Inc., a Delaware corporation (“Adviser”), and Xxxxxxx+Xxxxxxx+Xxxxx, X.X., a Delaware
limited partnership (“Subadviser”).
RECITALS
WHEREAS, the Adviser and Subadviser have previously entered into an investment subadvisory
agreement, dated May 3, 2005 (the “Agreement”); and
WHEREAS, section 10 of the Agreement allows for amendment by written instrument.
NOW, THEREFORE, the Agreement is hereby amended by this Amendment as follows:
7. Compensation
Adviser will pay to Subadviser, and Subadviser will accept as full compensation for its
services rendered hereunder, an investment advisory fee, computed at the end of each month and
payable within five (5) business days thereafter, equal to the annual rate of 0.70% of the average
daily net assets of the Fund. All parties to this Agreement do hereby authorize and instruct the
Fund’s administrator, Xxxxx Brothers Xxxxxxxx & Co., or its successor, to provide a calculation
each month of the gross amount due to Subadviser. In the event that Subadviser’s services to the
Fund begin or end at a time other than the beginning or end of a month, fees payable to Subadviser
will be prorated for that portion of the month during which services were actually rendered.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
officers designated below as of the day and year first written above.
| Attest: | QUAKER FUNDS, INC. | |||||||||
By
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/s/ Xxxxxxx X. Xxxxxxxx
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By | /s/ Xxxxxx Xxxxxxxx
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Name:
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Xxxxxxx X. Xxxxxxxx | Name: | Xxxxxx Xxxxxxxx | |||||||
Title:
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CCO | Title: | President | |||||||
| Attest: | XXXXXXX+XXXXXXX+XXXXX, XX | |||||||||
By Name: |
/s/ Xxxxxx X. Xxxxxxxx
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By Name: |
/s/ Xxxxxxxx X. Xxxxxxx
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|||||||
Title:
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Chief Compliance Officer | Title: | Managing Principal | |||||||
