0001144204-16-084552 Sample Contracts

Money Manager Agreement
Money Manager Agreement • February 26th, 2016 • Tiff Investment Program • Delaware

This agreement (the "Agreement") is between TIFF Investment Program ("TIP"), a Delaware statutory trust, for its TIFF Multi-Asset Fund (the "Fund") and Amundi Smith Breeden, LLC (the "Manager"), a registered investment adviser under the Investment Advisers Act of 1940, as amended (the "Advisers Act"), and is effective as of November 12, 2015 (the "Effective Date").

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Money Manager Agreement
Money Manager Agreement • February 26th, 2016 • Tiff Investment Program • Delaware

This Money Manager Agreement (the “Agreement”) is between TIFF Investment Program (“TIP”), a Delaware statutory trust, on behalf of its series, TIFF Multi-Asset Fund (the “Fund”), and Fundsmith LLP (the “Manager”), an investment adviser registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) and is effective as of September 30, 2015 (the “Effective Date”).

Amended and Restated Money Manager Agreement
Money Manager Agreement • February 26th, 2016 • Tiff Investment Program • Delaware

This agreement (the “Agreement”) is between TIFF Investment Program (“TIP”), a Delaware statutory trust, for its TIFF Multi-Asset Fund (the “Fund”), AJO, LP (the “Manager”), a registered investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) and is effective as of September 23, 2015 (the “Effective Date”). This agreement replaces the agreement dated June 27, 2012, as amended December 16, 2014.

AMENDMENT to MONEY MANAGER AGREEMENT and SCHEDULE I
Money Manager Agreement • February 26th, 2016 • Tiff Investment Program

THIS AMENDMENT is entered into as of September 16, 2015, between Hosking Partners LLP (the “Manager”) and TIFF Investment Program (“TIP”) for its TIFF Multi-Asset Fund (the “Fund”).

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