0000784056-21-000019 Sample Contracts

AQUILA INVESTMENT MANAGEMENT LLC
Advisory and Administration Agreement • July 22nd, 2021 • Aquila Municipal Trust
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AQUILA INVESTMENT MANAGEMENT LLC.
Advisory and Administration Agreement • July 22nd, 2021 • Aquila Municipal Trust
AQUILA INVESTMENT MANAGEMENT LLC
Advisory and Administration Agreement • July 22nd, 2021 • Aquila Municipal Trust
AQUILA NARRAGANSETT TAX-FREE INCOME FUND AMENDED AND RESTATED SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • July 22nd, 2021 • Aquila Municipal Trust

This AMENDED AND RESTATED SUB-ADVISORY AGREEMENT, dated as of December 1, 2015 and amended and restated as of July 26, 2021, is by and between AQUILA INVESTMENT MANAGEMENT LLC, a Delaware limited liability company (the “Manager”), 120 West 45th Street, Suite 3600, New York, New York 10036 and CLARFELD FINANCIAL ADVISORS, LLC, a Delaware limited liability company (the “Sub-Adviser”), 520 White Plains Road, Tarrytown, New York 10591.

AQUILA INVESTMENT MANAGEMENT LLC.
Advisory and Administration Agreement • July 22nd, 2021 • Aquila Municipal Trust
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