THE COMMUNITY REINVESTMENT ACT QUALIFIED INVESTMENT FUND Amendment No. 1 to Investment Management Agreement
Exhibit
(d)(2)
THE
COMMUNITY REINVESTMENT ACT
QUALIFIED
INVESTMENT FUND
Amendment
No. 1 to Investment Management Agreement
This
Amendment No. 1 to Investment Management Agreement (the “Amendment”) dated as of
_________, 2007, by and between The Community Reinvestment Act Qualified
Investment Fund, a Delaware business trust (the “Trust”), and 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 (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.
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THE
COMMUNITY REINVESTMENT ACT
QUALIFIED
INVESTMENT FUND
By:
_______________________
Name:
_____________________
Title:
______________________
CRAFUND
ADVISORS, INC.
By:
_______________________
Title:
______________________
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Exhibit
“A”
AMENDED
AND RESTATED
SCHEDULE
A
DATED
___________, 2007
TO
THE
BETWEEN
AND
CRAFUND
ADVISORS, INC.
DATED
AS OF JUNE 1, 1999
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NAME
OF FUND
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COMPENSATION*
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DATE
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||
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Annual
rate of 0.40% of such Fund’s average net assets
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____________,
2007
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*All
fees
are computed daily and paid monthly.
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CRAFUND
ADVISORS, INC.
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THE
COMMUNITY REINVESTMENT ACT
QUALIFIED
INVESTMENT FUND
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By:___________________________
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By:___________________________
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Name:_________________________
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Name:_________________________
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Title:__________________________
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Title:__________________________
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