0000897101-12-000665 Sample Contracts

CLEARWATER INVESTMENT TRUST (a Massachusetts business trust) AMENDMENT NO. 1 TO THE SUBADVISORY CONTRACT
The Subadvisory Contract • April 27th, 2012 • Clearwater Investment Trust

This Amendment No. 1 (the “Amendment”) to the Subadvisory Contract by and between Clearwater Investment Trust, Clearwater Management Co., Inc. and Kennedy Capital Management (the “Agreement”) is effective April 30, 2012.

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CLEARWATER INVESTMENT TRUST (a Massachusetts business trust) AMENDMENT NO. 1 TO THE CUSTODY AGREEMENT
The Custody Agreement • April 27th, 2012 • Clearwater Investment Trust

This Amendment No. 1 (the “Amendment”) to the Custody Agreement between Clearwater Investment Trust and The Northern Trust Company (the “Agreement”) is effective April 30, 2012.

CLEARWATER INVESTMENT TRUST (a Massachusetts business trust) AMENDMENT NO. 1 TO THE SUBADVISORY CONTRACT
The Subadvisory Contract • April 27th, 2012 • Clearwater Investment Trust

This Amendment No. 1 (the “Amendment”) to the Subadvisory Contract by and between Clearwater Investment Trust, Clearwater Management Co., Inc. and Osterweis Capital Management, LLC (the “Agreement”) is effective April 30, 2012.

CLEARWATER INVESTMENT TRUST (a Massachusetts business trust) AMENDMENT NO. 1 TO THE SUBADVISORY CONTRACT
The Subadvisory Contract • April 27th, 2012 • Clearwater Investment Trust

This Amendment No. 1 (the “Amendment”) to the Subadvisory Contract by and between Clearwater Investment Trust, Clearwater Management Co., Inc. and Keeley Asset Management Corp. (the “Agreement”) is effective April 30, 2012.

CLEARWATER INVESTMENT TRUST (a Massachusetts business trust) AMENDMENT NO. 1 TO THE TRANSFER AGENCY AND SERVICE AGREEMENT
And Service Agreement • April 27th, 2012 • Clearwater Investment Trust

This Amendment No. 1 (the “Amendment”) to the Transfer Agency and Service Agreement between Clearwater Investment Trust and The Northern Trust Company (the “Agreement”) is effective April 30, 2012.

CLEARWATER INVESTMENT TRUST (a Massachusetts business trust) AMENDMENT NO. 1 TO THE SUBADVISORY CONTRACT
The Subadvisory Contract • April 27th, 2012 • Clearwater Investment Trust

This Amendment No. 1 (the “Amendment”) to the Subadvisory Contract by and between Clearwater Investment Trust, Clearwater Management Co., Inc. and Heartland Advisors, Inc. (the “Agreement”) is effective April 30, 2012.

CLEARWATER INVESTMENT TRUST (a Massachusetts business trust) AMENDMENT NO. 1 TO THE FUND ADMINISTRATION AND ACCOUNTING SERVICES AGREEMENT
Accounting Services Agreement • April 27th, 2012 • Clearwater Investment Trust

This Amendment No. 1 (the “Amendment”) to the Fund Administration and Accounting Services Agreement between Clearwater Investment Trust and The Northern Trust Company (the “Agreement”) is effective April 30, 2012.

CLEARWATER INVESTMENT TRUST (a Massachusetts business trust) AMENDMENT NO. 1 TO THE SUBADVISORY CONTRACT
The Subadvisory Contract • April 27th, 2012 • Clearwater Investment Trust

This Amendment No. 1 (the “Amendment”) to the Subadvisory Contract by and between Clearwater Investment Trust, Clearwater Management Co., Inc. and Knightsbridge Asset Management, LLC (the “Agreement”) is effective April 30, 2012.

CLEARWATER INVESTMENT TRUST (a Massachusetts business trust) AMENDMENT NO. 1 TO THE MANAGEMENT CONTRACT
Clearwater Investment Trust • April 27th, 2012

This Amendment No. 1 (the “Amendment”) to the Management Contract by and between Clearwater Investment Trust and Clearwater Management Co., Inc. (the “Agreement”) is effective April 30, 2012.

CLEARWATER INVESTMENT TRUST (a Massachusetts business trust) AMENDMENT NO. 1 TO THE SUBADVISORY CONTRACT
The Subadvisory Contract • April 27th, 2012 • Clearwater Investment Trust

This Amendment No. 1 (the “Amendment”) to the Subadvisory Contract by and between Clearwater Investment Trust, Clearwater Management Co., Inc. and Fiduciary Counselling, Inc. (the “Agreement”) is effective April 30, 2012.

CLEARWATER INVESTMENT TRUST (a Massachusetts business trust) AMENDMENT NO. 1 TO THE SUBADVISORY CONTRACT
The Subadvisory Contract • April 27th, 2012 • Clearwater Investment Trust

This Amendment No. 1 (the “Amendment”) to the Subadvisory Contract by and between Clearwater Investment Trust, Clearwater Management Co., Inc. and Parametric Portfolio Associates LLC (the “Agreement”) is effective April 30, 2012.

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