Exhibit (d22)
MONEY MANAGER AGREEMENT
BETWEEN
MONDRIAN INVESTMENT PARTNERS LIMITED
AND
TIFF INVESTMENT PROGRAM, INC. FOR ITS TIFF MULTI-ASSET FUND
AMENDED AND RESTATED SCHEDULE I
DATED AS OF MARCH 13, 2006
Pursuant to Section 11 of the Money Manager Agreement between Mondrian
Investment Partners Limited ("Mondrian"), formerly Delaware International
Advisers Ltd., and TIFF Investment Program, Inc. for its TIFF Multi-Asset Fund,
dated as of July 12, 2002, and subsequently continued following a change of
control of Mondrian on September 24, 2004 (the "Agreement"), the parties
hereto, intending to be legally bound, hereby agree that Schedule 1 of the
Agreement shall be amended and replaced in its entirety with the Schedule I set
forth below.
Capitalized terms used but not defined herein shall have the meanings ascribed
to them in the Agreement.
SCHEDULE I
FEE CALCULATION
COMPENSATION
As compensation for the services performed and the facilities and personnel
provided by the Manager pursuant to this Agreement, the Fund will pay the
Manager a fee according to the following formula:
0.425% per annum on the first $50 million of assets
0.30% per annum thereafter
Subject to a minimum account size of $50 million (or fees equivalent thereto)
Agreed and Accepted: Agreed and Accepted:
TIFF INVESTMENT PROGRAM, INC. MONDRIAN INVESTMENT PARTNERS LIMITED
for its TIFF MULTI-ASSET FUND
BY: /s/ Xxxxxxx X. Xxxxxxxx BY: /s/ Xxxxx X. Xxxxxx
---------------------- -----------------------
NAME: Xxxxxxx X. Xxxxxxxx NAME: Xxxxx X. Xxxxxx
TITLE: President TITLE: Managing Director
