0000897101-12-000351 Sample Contracts

Clearwater Investment Trust SUBADVISORY AGREEMENT
Clearwater Investment Trust   Subadvisory Agreement • February 29th, 2012 • Clearwater Investment Trust • Minnesota

This Subadvisory Agreement, made as of the [ ] day of [ ], 2011 (the “Agreement”), by and among Clearwater Investment Trust (“Trust”), a Massachusetts business trust, Clearwater Management Co., Inc. (the “Manager”), a Minnesota corporation, and Knightsbridge Asset Management, LLC, (the “Subadvisor”).

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TRANSFER AGENCY AND SERVICE AGREEMENT
Transfer Agency and Service Agreement • February 29th, 2012 • Clearwater Investment Trust • Illinois

AGREEMENT made as of this ____ day of ______, 20__, by and between CLEARWATER INVESTMENT TRUST, a business trust organized under the laws of the state of Massachusetts with its principal place of business at 30 East 7th Street, Suite 2000, St. Paul, Minnesota 55101-4930 (the “Trust”), acting on its own behalf and on behalf of each of its series listed in Schedule A, and THE NORTHERN TRUST COMPANY, a Illinois State Bank having its principal office and place of business at 50 South LaSalle, Chicago, Illinois 60675 (the “Transfer Agent”).

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