THE COMMUNITY REINVESTMENT ACT QUALIFIED INVESTMENT FUND Amendment No. 1 to Investment Management Agreement
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 March 2, 2007, 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 (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. Hastings____
Name: __Joseph X. Xxxxxxxx _
Title: _Chief Financial Officer_
COMMUNITY CAPITAL MANAGEMENT, INC.
By: _/s/ Xxxxxx X. Hastings____
Name: __Joseph X. Xxxxxxxx _
Title: _Chief Financial Officer_
Exhibit “A”
AMENDED AND RESTATED
SCHEDULE A
DATED MARCH 2, 2007
TO THE
BETWEEN
AND
COMMUNITY CAPITAL MANAGEMENT, INC.
DATED AS OF JUNE 1, 1999
|
NAME OF FUND |
COMPENSATION* |
DATE |
|
Annual rate of 0.40% of such Fund’s average net assets |
March 2, 2007 |
*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: Chief Financial Officer |
Title: Chief Financial Officer |
