THE COMMUNITY REINVESTMENT ACT QUALIFIED INVESTMENT FUND Amendment No. 2 to Investment Management Agreement
THE
COMMUNITY REINVESTMENT ACT
QUALIFIED
INVESTMENT FUND
Amendment
No. 2 to Investment Management Agreement
This Amendment No. 2 to Investment
Management Agreement (the “Amendment”) dated as of May 1, 2008, by and between
The Community Reinvestment Act Qualified Investment Fund, a Delaware business
trust (the “Trust”), 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. Schedule
A to the Investment Management Agreement dated as of June 1, 1999 between the
Trust and the Manager, as subsequently amended by Amendment No. 1 to Investment
Management Agreement dated as of March 2, 2007 (as so amended, the “Management
Agreement”), is hereby amended and restated in its entirety to read as set forth
in Exhibit “A” attached to this Amendment.
2. Definitions. Unless
otherwise defined herein, all capitalized terms used in this Amendment shall
have their respective defined meanings ascribed to them in the Investment
Management Agreement.
3. Miscellaneous. Except
to the extent expressly amended by this Amendment, the Management 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 Management 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
Exhibit
"A"
AMENDED
AND RESTATED
SCHEDULE
A
DATED
MAY 1, 2008
TO
THE
BETWEEN
AND
COMMUNITY
CAPITAL MANAGEMENT, INC.
DATED
AS OF JUNE 1, 1999
AS
SUBSEQUENTLY AMENDED
|
NAME OF
FUND
|
COMPENSATION*
|
DATE
|
|
Annual
rate of 0.30% of such Fund’s average net assets
|
May 1,
2008
|
*All fees
are computed daily and paid monthly.
|
COMMUNITY
CAPITAL MANAGEMENT,
INC.
|
THE COMMUNITY REINVESTMENT ACT QUALIFIED INVESTMENT FUND | |||
| By: | /s/ Xxxxxx X. Xxxxxxxx | By: | /s/ Xxxxxx X. Xxxxxxxx | |
| Name: | Xxxxxx X. Xxxxxxxx | Name: |
Xxxxxx
X. Xxxxxxxx
|
|
| Title: | Treasurer | Title: | Chief Financial Officer | |
