0000893220-08-002824 Sample Contracts

QUAKER INVESTMENT TRUST INVESTMENT SUBADVISORY AGREEMENT
Investment Subadvisory Agreement • October 28th, 2008 • Quaker Investment Trust • Pennsylvania

THIS AGREEMENT is made and entered into as of the 27th day of August, 2008, by and between Quaker Funds, Inc., a Delaware corporation (“Adviser”), and Bjurman, Barry & Associates, Inc., a California corporation (“Subadviser”).

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APPENDIX A TO ADMINISTRATIVE AGENCY AGREEMENT Dated as of October 27, 2008
Administrative Agency Agreement • October 28th, 2008 • Quaker Investment Trust

The following is a list of Portfolios for which the Administrator shall serve under an Administrative Agency Agreement dated as of December 11, 2006:

QUAKER INVESTMENT TRUST INVESTMENT SUBADVISORY AGREEMENT
Investment Subadvisory Agreement • October 28th, 2008 • Quaker Investment Trust • Pennsylvania

THIS AGREEMENT is made and entered into as of the 1st day of May, 2008, by and between Quaker Funds, Inc., a Delaware corporation (“Adviser”), and DG Capital Management, Inc. (“Sub-Adviser”).

AMENDMENT TO THE DISTRIBUTION AGREEMENT
Distribution Agreement • October 28th, 2008 • Quaker Investment Trust

THIS AMENDMENT, dated as of the 27th day of October, 2008, to the Distribution Agreement dated as of November 17, 2006, as amended (the “Agreement”), is entered into by and between Quaker Investment Trust, a Massachusetts trust (the “Trust”) and Quasar Distributors, LLC, a Delaware limited liability company (the “Distributor”).

QUAKER INVESTMENT TRUST INVESTMENT SUBADVISORY AGREEMENT
Investment Subadvisory Agreement • October 28th, 2008 • Quaker Investment Trust • Pennsylvania

THIS AGREEMENT is made and entered into as of the 25th day of September, 2008, by and between Quaker Funds, Inc., a Delaware corporation (“Adviser”), and Kennedy Capital Management, Inc., a Missouri corporation (“Subadviser”).

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