0001398344-10-000448 Sample Contracts

FIRST AMENDMENT TO AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • March 30th, 2010 • Capital Management Investment Trust

This First Amendment to the Amended and Restated Expense Limitation Agreement ("Amendment") is made and entered into this 16th day of February 2010, by and between Capital Management Associates, Inc. (the "Advisor") and Capital Management Investment Trust (the "Trust"), on behalf of the Capital Management Small-Cap Fund (the “Fund”).

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