EXHIBIT 10.2.a.
FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
BETWEEN MORAMERICA CAPITAL CORPORATION
AND INVESTAMERICA INVESTMENT ADVISORS, INC.
FIRST AMENDMENT TO MORAMERICA CAPITAL CORPORATION
INVESTMENT ADVISORY AGREEMENT
THIS FIRST AMENDMENT TO MORAMERICA CAPITAL CORPORATION INVESTMENT ADVISORY
AGREEMENT (this "First Amendment"), dated as of February 27, 2001, amends the
terms of the MorAmerica Capital Corporation Investment Advisory Agreement (the
"Agreement") dated as of March 1, 1999, between MorAmerica Capital Corporation
("MACC") 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 as set forth in the Agreement.
WHEREAS, the original term of the Agreement was for two years from the date
thereof, through February 28, 2001, subject to annual continuance thereafter in
accordance with Section 15 of the Investment Company Act of 1940, as amended, by
the vote of a majority of the Board of Directors of MACC who are not interested
persons of InvestAmerica, or by the vote of the holders of a majority of the
outstanding voting securities of MACC's parent company, MACC Private Equities
Inc.; and
WHEREAS, at a meeting duly held on February 27, 2001, a majority of the
Board of Directors of MACC 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 MACC.
NOW, THEREFORE, in consideration of the foregoing and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, 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 February 28,
2001 through February 28, 2002.
IN WITNESS WHEREOF, the undersigned have executed this FIRST AMENDMENT as
of the year and date first above written.
MORAMERICA CAPITAL CORPORATION
By: /s/ Xxxx X. Xxxx
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Xxxx X. Xxxx, Chairman
INVESTAMERICA INVESTMENT
ADVISORS, INC.
By: /s/ Xxxxx X. Xxxxxxxx
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Xxxxx X. Xxxxxxxx, President