JOINT INSURED BOND RECOVERY AGREEMENTJoint Insured Bond Recovery Agreement • March 1st, 2010 • Saturna Investment Trust
THIS AGREEMENT, executed as of this 15th day of December, 2009 between Saturna Capital Corporation, a Washington Corporation (the "Adviser"), Saturna Brokerage Services, Inc., a Washington Corporation "SBS"), and Amana Mutual Funds Trust ("Amana"), and Saturna Investment Trust ("SIT"), Amana and SIT being open-end management investment companies, (all of such entities herein referred to as the "Parties") this Agreement to become effective as of the date hereof; WHEREAS pursuant to the resolutions of the Boards of Trustees of Amana and SIT, the Trustees of each Trust determined and resolved that a fidelity insurance bond as required by Rule 17g-1, under the Investment Company Act of 1940, shall be obtained for each Trust as an insured party issued by the ICI Mutual Insurance Company for the protection of each of the Parties (the "Bond"). The Boards and disinterested Trustees determined that the Bond is reasonable as to amount as such amount is in excess of the coverage required by
