0001193125-11-285914 Sample Contracts

FEE WAIVER AND EXPENSE ASSUMPTION AGREEMENT
Fee Waiver and Expense Assumption Agreement • October 28th, 2011 • Quaker Investment Trust

This Fee Waiver and Expense Assumption Agreement (the “Agreement”) made this 28th day of October, 2011, by and between Quaker Investment Trust, a Massachusetts business trust (the “Trust”), on behalf of the Quaker Event Arbitrage Fund (the “Fund”), and Quaker Funds, Inc., a Pennsylvania corporation (the “Adviser”).

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FEE WAIVER AND EXPENSE ASSUMPTION AGREEMENT
Fee Waiver and Expense Assumption Agreement • October 28th, 2011 • Quaker Investment Trust

This fee waiver and expense assumption agreement (the “Agreement”) made this 28th day of October, 2011, by and between Quaker Investment Trust, a Massachusetts business trust (the “Trust”), on behalf of the Quaker Akros Absolute Return Fund (the “Fund”), and Quaker Funds, Inc., a Pennsylvania corporation (the “Adviser”).

QUAKER INVESTMENT TRUST FORM OF INVESTMENT SUBADVISORY AGREEMENT
Investment Subadvisory Agreement • October 28th, 2011 • Quaker Investment Trust • Pennsylvania

THIS AGREEMENT is made and entered into as of the 8th day of September, 2011, by and between Quaker Funds, Inc., a Delaware corporation (“Adviser”), and ICC Capital Management, Inc., a Florida corporation (“Sub-Adviser”).

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