Exhibit (h)(4)
AMENDMENT TO INVESTMENT COMPANY SERVICE AGREEMENT
BETWEEN
CLEARWATER INVESTMENT TRUST AND
FIDUCIARY COUNSELLING, INC.
January 24, 2009
AGREEMENT between Clearwater Investment Trust, a Massachusetts business
trust ("Customer"), and Fiduciary Counselling, Inc., a Minnesota corporation
("FCI") .
WHEREAS, Customer and FCI entered into an Investment Company Service
Agreement (the "Service Agreement" )on March 2, 1987, which was amended by
Customer and FCI on May 1, 1995 and December 2, 1999; and
WHEREAS, Customer and FCI now desire to amend the Service Agreement, as
amended, as set forth below; NOW, THEREFORE, the parties hereto agree as
follows:
1. To amend the Service Agreement by deleting the existing Paragraph
1. and replacing it in its entirety with the following:
1. SERVICES TO BE PROVIDED BY FCI. During the term of this
Agreement, FCI will provide Customer with the services described
in Exhibits A, B and C (the "Exhibits"), which are affixed hereto
and incorporated herein by reference, in connection with the
operation by Customer of the Clearwater Growth Fund, the
Clearwater Small Cap Fund the Clearwater Tax-Exempt Bond Fund, and
the Clearwater International Fund (collectively the "Funds") . In
addition, FCI shall provide Customer and Clearwater Management
Co., Inc., Trust's manager, with all of their respective
requirements for space and clerical assistance in connection with
the operation by them of the Funds.
2. With respect to the Cleawater International Fund only, FCI shall
not be responsible for those services identified in the Service
Agreement that are instead being provided by The Northern Trust
Company pursuant to a separate Fund Administration and Accounting
Services Agreement between The Northern Trust Company and
Customer.
IN WITNESS WHEREOF, Customer and FCI have caused this Amendment to be
executed in their respective names by their respective officers thereunto duly
authorized as of the date written above.
Fiduciary Counselling, Inc.
By:/s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Xxxxxxxxxx Investment Trust
By:/s/ X.X. Xxxxxxxxxxxx Xx.
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Xxxxxx X. Xxxxxxxxxxxx, Xx.
