0000897101-13-000259 Sample Contracts

Clearwater Investment Trust SUBADVISORY AGREEMENT
Clearwater Investment Trust   Subadvisory Agreement • February 28th, 2013 • Clearwater Investment Trust • Minnesota

This Subadvisory Agreement, made as of the 16th day of October, 2012 (the “Agreement”), by and among Clearwater Investment Trust (“Trust”), a Massachusetts business trust, Clearwater Management Co., Inc. (the “Manager”), a Minnesota corporation, and Templeton Investment Counsel, LLC (the “Subadvisor”).

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Clearwater Investment Trust SUBADVISORY AGREEMENT
Subadvisory Agreement • February 28th, 2013 • Clearwater Investment Trust • Minnesota

This Subadvisory Agreement, made as of the 16th day of October, 2012 (the “Agreement”), by and among Clearwater Investment Trust (“Trust”), a Massachusetts business trust, Clearwater Management Co., Inc. (the “Manager”), a Minnesota corporation, and WCM Investment Management, a California corporation (the “Subadvisor”).

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