Exhibit 10(a)
MANAGEMENT AGREEMENT
BETWEEN
CHARTERMAC
AND
RELATED CAPITAL COMPANY LLC
This MANAGEMENT AGREEMENT (this “ Agreement ”) dated as of November 17, 2003,
is by and between CHARTERMAC , a Delaware statutory trust (the “ Company ”), and RELATED
CAPITAL COMPANY LLC , a Delaware limited liability company (the “ Manager ”).
W I T N E S S E T H :
WHEREAS, the Company is a Delaware statutory trust created in accordance with applicable
provisions of the Delaware Trust Act, 12 Del. C.§§ 3801 et . seq ., as amended from time to time (the “ Trust
Act ”) and was formerly known as Charter Municipal Mortgage Acceptance Company;
WHEREAS, the purposes of the Company are, as determined from time to time by the board of
trustees (the “ Board of Trustees ”) of the Company, to engage in any lawful business or activity for which a
statutory trust may be created under the Trust Act;
WHEREAS, all capitalized terms used herein, and not otherwise defined in Section 5 hereof,
shall have the meanings ascribed to them in the Company’s Trust Agreement (as defined herein); and
WHEREAS, the Manager is willing to render such services, subject to the supervision of the
Board of Trustees, on the terms and conditions hereinafter set forth.
NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained,
the parties hereto, each intending to be legally bound hereby, agree as follows:
1. Duties of the Manager . The Company hereby retains the Manager to perform
asset management and investment management services for the Company, and the Manager hereby accepts such
appointment, subject to the terms and conditions hereinafter set forth. The Manager shall perform such services
as shall, from time to time, be requested by the Company. In the performance of this undertaking, the Manager
shall be subject to the supervision of the Board of Trustees and shall perform its services in a manner consistent
with