0001111830-10-000688 Sample Contracts

FIRST AMENDMENT TO AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • July 29th, 2010 • Piedmont Investment Trust

THIS FIRST AMENDMENT TO THE AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT (the "Amendment") for THE PIEDMONT SELECT EQUITY FUND (the "Fund"), a series of shares of THE PIEDMONT INVESTMENT TRUST (the “Trust”), a Delaware statutory trust, is made and entered into this 1st day of February, 2010 by and between SHEETS SMITH WEALTH MANAGEMENT, INC. ("SSWM"), a North Carolina limited partnership, and the Fund.

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