0001104659-09-004653 Sample Contracts

THIRD AMENDMENT TO CUSTODY AGREEMENT
Custody Agreement • January 28th, 2009 • Ariel Investment Trust • Massachusetts

This Amendment (“Agreement”) to Custody Agreement is made this 9 day of August, 2007, by and between each of the investment companies and other pooled investment vehicles listed on Appendix A to the Custody Agreement, as such Appendix may be amended from time to time (the “Client”) and STATE STREET BANK AND TRUST COMPANY, a bank and trust company organised under the laws of The Commonwealth of Massachusetts (“State Street”).

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AGREEMENT TO WAIVE FEES AND REIMBURSE EXPENSES
Waive Fees and Reimburse Expenses • January 28th, 2009 • Ariel Investment Trust

THIS AGREEMENT is made this 3rd day of November 2008, between Ariel Investments, LLC, a Delaware limited liability company (the “Adviser/Manager”), and Ariel Investment Trust, a Massachusetts business trust (the “Trust”).

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