0000884110-12-000002 Sample Contracts

INVESTMENT SUBADVISORY AGREEMENT
Investment Subadvisory Agreement • January 30th, 2012 • Calvert World Values Fund Inc • Maryland

INVESTMENT SUBADVISORY AGREEMENT, effective September 14, 2011, by and between CALVERT INVESTMENT MANAGEMENT, INC., a Delaware corporation registered as an investment advisor under the Investment Advisers Act of 1940 (the "Advisor"), and Advisory Research, inc., a Delaware corporation (the "Subadvisor").

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AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • January 30th, 2012 • Calvert World Values Fund Inc

This Amendment, effective April 30, 2011, is entered into by and between Calvert World Values Fund, Inc. and Calvert Investment Management, Inc.

AMENDMENT TO INVESTMENT SUBADVISORY AGREEMENT
Investment Subadvisory Agreement • January 30th, 2012 • Calvert World Values Fund Inc

This Amendment, effective April 30, 2011, is entered into by and between New Amsterdam Partners LLC and Calvert Investment Management, Inc.

AMENDMENT TO INVESTMENT SUB ADVISORY AGREEMENT
Investment Sub Advisory Agreement • January 30th, 2012 • Calvert World Values Fund Inc

This Amendment, effective April 30, 2011, is entered into by and between Martin Currie, Inc. and Calvert Investment Management, Inc.

AMENDMENT TO INVESTMENT SUB ADVISORY AGREEMENT
Investment Sub Advisory Agreement • January 30th, 2012 • Calvert World Values Fund Inc

This Amendment, effective April 30, 2011, is entered into by and between Thornburg Investment Management, Inc. and Calvert Investment Management, Inc.

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