0001438390-14-000002 Sample Contracts

Investment Advisory Agreement
Investment Advisory Agreement • January 30th, 2014 • Calvert SAGE Fund

As compensation pursuant to Section 4 of the Investment Advisory Agreement between Calvert Investment Management, Inc. (the "Advisor") and Calvert SAGE Fund dated November 4, 2008, and effective as of December 12, 2008, with respect to Calvert Equity Income 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.

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