0000915402-10-000010 Sample Contracts

AQUILA ROCKY MOUNTAIN EQUITY FUND ADVISORY AND ADMINISTRATION AGREEMENT
Advisory and Administration Agreement • April 30th, 2010 • Aquila Rocky Mountain Equity Fund

THIS AGREEMENT, made as of November 10, 2009 by and between AQUILA ROCKY MOUNTAIN EQUITY FUND (the “Fund”), a Massachusetts business trust, 380 Madison Avenue, Suite 2300, New York, New York 10017 and AQUILA INVESTMENT MANAGEMENT LLC (the “Manager”), a Delaware limited liability company, 380 Madison Avenue, Suite 2300, New York, New York 10017.

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