January 20, 2010 Board of Trustees Capstone Church Capital Fund
January
20, 2010
Board of
Trustees
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Dear
Sirs:
Pursuant
to paragraph 1(c) in the EXPENSE LIMITATION AGREEMENT (“Agreement”), effective
as of October 3, 2005, by and between Capstone Asset Management Company
(“CAMCO”) and Capstone Church Bond Fund (since renamed Capstone Church Capital
Fund), CAMCO agrees to extend the duration of the Operating Expense Limit, as
described in the Agreement, to September 30, 2010. This letter shall
be attached as an exhibit to the Agreement.
Very
truly yours,
CAPSTONE
ASSET MANAGEMENT COMPANY
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President