THE COMMUNITY REINVESTMENT ACT QUALIFIED INVESTMENT FUND Amendment No. 1 to Special Administrative Services Agreement
QUALIFIED
INVESTMENT FUND
Amendment
No. 1 to Special Administrative Services Agreement
This Amendment No. 1 to Special
Administrative Services Agreement (the “Amendment”) dated as of May 1, 2008, by
and between The Community Reinvestment Act Qualified Investment Fund, a Delaware
business trust (the “Fund”), and Community Capital Management, Inc. (formerly
known as CRAFund Advisors, Inc.), a Delaware corporation (the
“Manager”).
The parties hereto, intending to be
legally bound, hereby agree as follows:
1. Compensation. Paragraph
5 of Section I of the Special Administrative Services Agreement dated as of
March 1, 2007 between the Fund and the Manager (the “Services Agreement”), is
hereby amended and restated in its entirety to read as follows:
“5. Compensation. For
the services provided and the expenses assumed pursuant to this Section I, the
Fund will pay the Manager a fee, computed daily and payable monthly, at the
annual rate of 0.20% of the average net asset value of the CRA Shares of the
Fund that are outstanding from time to time attributable to CRA
Shareholders.”
2. Definitions. Unless
otherwise defined herein, all capitalized terms used in this Amendment shall
have their respective defined meanings ascribed to them in the Services
Agreement.
3. Miscellaneous. Except
to the extent expressly amended by this Amendment, the Services Agreement shall
remain unchanged and in full force and effect. References therein to
“this Agreement,” “hereby,” “herein,” and the like shall be deemed to refer to
the Services Agreement, as amended by this Amendment. This Amendment
may be executed in two or more counterparts, each of which shall be deemed an
original, and all of which together shall constitute one and the same
instrument.
IN
WITNESS WHEREOF, the parties hereto have caused this instrument to be executed
by their officers designated below as of the day and year first above
written.
THE COMMUNITY REINVESTMENT
ACT
QUALIFIED INVESTMENT
FUND
By: /s/ Xxxxxx X.
Xxxxxxxx
Name: Xxxxxx X.
Xxxxxxxx
Title: Treasurer
COMMUNITY
CAPITAL MANAGEMENT, INC.
By: /s/ Xxxxxx X.
Xxxxxxxx
Name: Xxxxxx X.
Xxxxxxxx
Title: Chief Financial
Officer
