Investment Advisory Agreement Calvert Investment Management, Inc. Calvert SAGE Fund Addendum to Schedule A

Investment Advisory Agreement
Xxxxxxx Investment Management, Inc.
Xxxxxxx XXXX Fund

Addendum to Schedule A

As compensation pursuant to Section 4 of the Investment Advisory Agreement between Xxxxxxx Investment Management, Inc. (the "Advisor") and Xxxxxxx XXXX Fund dated November 4, 2008, and effective as of December 12, 2008, with respect to Xxxxxxx Equity Income Fund (the "Fund"), the Advisor is entitled to receive from the Fund an annual advisory fee (the "Fee") as shown below. The Fee shall be computed daily and payable monthly, based on the average daily net assets of the Fund.

Xxxxxxx Equity Income Fund: 0.65%

XXXXXXX XXXX FUND

BY: _______________________

Xxxxxxx X. Xxxxxxxxx

Vice President and Secretary

Xxxxxxx INVESTMENT MANAGEMENT, INC.

BY: ________________________

Xxxxxx X. Xxxxxxxxxxx

Chief Financial and Administrative Officer

and Senior Vice President

Effective Date: October 31, 2011