0001121624-07-000013 Sample Contracts

INVESTMENT SUBADVISORY AGREEMENT
Investment Subadvisory Agreement • May 30th, 2007 • Calvert Impact Fund Inc • Maryland

INVESTMENT SUBADVISORY AGREEMENT, effective May 31, 2007, by and between Calvert Asset Management Company, Inc., a Delaware corporation registered as an investment Advisor under the Investment Advisers Act of 1940 (the "Advisor"), and KBC Asset Management international Ltd., a company organized under the laws of Ireland (the "Subadvisor").

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MASTER TRANSFER AGENCY AND SERVICE AGREEMENT BETWEEN CALVERT SOCIAL INVESTMENT FUND CALVERT SOCIAL INDEX SERIES, INC. CALVERT IMPACT FUND, INC. THE CALVERT FUND CALVERT WORLD VALUES FUND, INC. CALVERT CASH RESERVES CALVERT TAX-FREE RESERVES CALVERT...
Master Transfer Agency and Service Agreement • May 30th, 2007 • Calvert Impact Fund Inc • Massachusetts

AGREEMENT made the 3rd day of April, 2007 and effective as of the 1st day of May, 2006, by and between each of CALVERT SOCIAL INVESTMENT FUND, CALVERT SOCIAL INDEX SERIES, INC., CALVERT IMPACT FUND, INC., THE CALVERT FUND, CALVERT WORLD VALUES FUND, INC., CALVERT CASH RESERVES, CALVERT TAX-FREE RESERVES, CALVERT MUNICIPAL FUND, INC., FIRST VARIABLE RATE FUND FOR GOVERNMENT INCOME and CALVERT VARIABLE SERIES, INC., each a Massachusetts business trust or a Maryland corporation, as applicable, having its principal office and place of business at 4550 Montgomery Avenue, Suite 1000N, Bethesda, Maryland 20814 (collectively, the "Calvert Group Funds" and each a "Fund"), CALVERT SHAREHOLDER SERVICES, INC., a Delaware corporation having its principal office and place of business at 4550 Montgomery Avenue, Suite 1000N, Bethesda, Maryland 20814, as agent for the Calvert Group Funds ("CSSI"), CALVERT DISTRIBUTORS, INC., a Delaware corporation having its principal office and place of business at 45

Investment Advisory Agreement Calvert Asset Management Company, Inc. Calvert Impact Fund, Inc. Addendum to Schedule A
Investment Advisory Agreement • May 30th, 2007 • Calvert Impact Fund Inc

As compensation pursuant to Section 4 of the Investment Advisory Agreement between Calvert Asset Management Company, Inc. (the "Advisor") and Calvert Impact Fund, Inc. ("CIF") dated March 1, 1999, with respect to Calvert Alternative Energy Fund (the "Fund"), the Advisor is entitled to receive from the Fund an annual advisory fee (the "Fee") as shown below. The Fee shall be computed daily and payable monthly, based on the average daily net assets of the Fund.

CALVERT IMPACT FUND, INC. ADMINISTRATIVE SERVICES AGREEMENT ADDENDUM TO SCHEDULE A
Calvert Impact Fund Inc • May 30th, 2007

Listed below are Funds that are entitled to receive administrative services from Calvert Administrative Services Company, Inc. ("CASC") under the Administrative Services Agreement dated March 1, 1999, and which will pay annual fees to CASC pursuant to the Agreement.

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