ADDENDUM TO INVESTMENT ADVISORY AGREEMENT Calvert SAGE Fund Calvert Equity Income Fund

ADDENDUM TO INVESTMENT ADVISORY AGREEMENT

Xxxxxxx XXXX Fund

Xxxxxxx Equity Income Fund

Xxxxxxx Investment Management, Inc. ("Xxxxxxx" or the "Advisor") is the investment advisor to Xxxxxxx Equity Income Fund ("Fund"), a series of Xxxxxxx XXXX Fund. Xxxxxxx has agreed with the Fund to contractually limit (direct/ or direct ordinary) net annual fund operating expenses of the Fund through January 31, 2013, as follows. This expense limitation does not limit the acquired fund fees and expenses incurred by a shareholder. Under the terms of the contractual expense limitation, operating expenses do not include interest expense, brokerage commissions, extraordinary expenses, performance fee adjustments, and taxes. To the extent any expense offset arrangement reduces Fund expenses, Xxxxxxx'x obligation under this agreement is reduced and Xxxxxxx shall also benefit from the expense offset arrangement. The below figure is expressed as a percentage of average net assets.

	Class A	Class C	Class Y
Xxxxxxx XXXX Fund
Xxxxxxx Equity Income Fund	1.23%	2.35%	0.98%

For Fund:	___________________________________	For Xxxxxxx:	_________________________________________
	Xxxxxxx X. Xxxxxxxxx, Vice President and		Xxxxxx X. Xxxxxxxxxxx, Senior Vice President
	Secretary		and Chief Financial and Administrative Officer

Effective Date: October 31, 2011