0001387131-19-002309 Sample Contracts

DISTRIBUTION AGREEMENT WELLINGTON SHIELDS SMALL-CAP FUND
Distribution Agreement • March 29th, 2019 • Capital Management Investment Trust

THIS AGREEMENT, entered into as of this 30th day of March, 2018, by and between Capital Management Investment Trust, an unincorporated business trust organized under the laws of the Commonwealth of Massachusetts (the “Trust”), and Wellington Shields & Co., LLC, a New York limited liability company (the “Distributor”).

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SUB-DISTRIBUTION AGREEMENT
Sub-Distribution Agreement • March 29th, 2019 • Capital Management Investment Trust • New York

This Agreement made this 30th day of March, 2018, by and among CAPITAL MANAGEMENT INVESTMENT TRUST, a Massachusetts business trust (the “Trust”), WELLINGTON SHIELDS & CO. LLC, a New York limited liability company (the “Distributor”), and Matrix 360 Distributors, LLC, a Delaware LLC (the “Sub-Distributor”).

SECOND AMENDMENT TO AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • March 29th, 2019 • Capital Management Investment Trust

This Second Amendment to the Amended and Restated Expense Limitation Agreement (“Amendment”) is made and entered into this 30th day of March 2018, by and between Capital Management Associates, Inc. (the “Advisor”) and Capital Management Investment Trust (the “Trust”), on behalf of the Wellington Shields All-Cap Fund (formerly the Capital Management Mid-Cap Fund).

SECOND AMENDMENT TO AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • March 29th, 2019 • Capital Management Investment Trust

This Second Amendment to the Amended and Restated Expense Limitation Agreement (“Amendment”) is made and entered into this 30th day of March 2018, by and between Capital Management Associates, Inc. (the “Advisor”) and Capital Management Investment Trust (the “Trust”), on behalf of the Wellington Shields Small-Cap Fund.

SECOND AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • March 29th, 2019 • Capital Management Investment Trust • North Carolina

THIS AGREEMENT, dated as of March 30, 2018, is between CAPITAL MANAGEMENT INVESTMENT TRUST (the "Trust"), a Massachusetts Business Trust, on behalf of the WELLINGTON SHIELDS ALL-CAP FUND (the "Fund"), and CAPITAL MANAGEMENT ASSOCIATES, INC., a New York corporation (the "Advisor"), registered as an investment advisor under the Investment Advisors Act of 1940, as amended (the "Advisors Act").

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