0001193125-07-043086 Sample Contracts

CUSTODY AGREEMENT
Custody Agreement • March 1st, 2007 • Managers Trust I • New York

AGREEMENT, dated as of August 5, 2002 between Managers Trust I, a business trust organized and existing under the laws of the Commonwealth of Massachusetts having its principal office and place of business at 40 Richards Avenue, Norwalk, Connecticut 06854 (the “Fund”) and The Bank of New York, a New York corporation authorized to do a banking business having its principal office and place of business at One Wall Street, New York, New York 10286 (“Custodian”).

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SMITH BREEDEN TRUST (the “Trust”) Amendment No. 5 to Agreement and Declaration of Trust
Managers Trust I • March 1st, 2007

The undersigned, being at least a majority of the Trustees of Smith Breeden Trust, hereby amend the Agreement and Declaration of Trust by deleting therefrom the entire sentence included in (a) of Section 5.11, and substituting therefore the following:

SMITH BREEDEN TRUST (the “Trust”) Amendment No. 3 to Agreement and Declaration of Trust
Managers Trust I • March 1st, 2007

The undersigned, being at least a majority of the Trustees of the Smith Breeden Trust, hereby amend the Agreement and Declaration of Trust by deleting therefrom the first sentence of Section 6 of Article III, and substituting therefore the following:

AMENDMENT TO AGREEMENT AND DECLARATION OF TRUST THE MANAGERS TRUST I Amendment No. 7 to Agreement and Declaration of Trust
Managers Trust I • March 1st, 2007

The undersigned, being at least a majority of the Trustees of The Managers Trust I (the “Trust”), a business trust organized under the laws of The Commonwealth of Massachusetts, DO HEREBY AMEND the Trust’s Agreement and Declaration of Trust dated December 18, 1991, as amended to date (the “Declaration of Trust”), as follows:

SMITH BREEDEN TRUST (the “Trust”) Amendment No. 4 to Agreement and Declaration of Trust
Managers Trust I • March 1st, 2007

The undersigned, being at least a majority of the Trustees of Smith Breeden Trust, hereby amend the Agreement and Declaration of Trust by deleting therefrom the entire sentence included in (a) of Section 5.11, and substituting therefore the following:

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