SHAREHOLDER SERVICE, DIVIDEND DISBURSING
AND TRANSFER AGENT AGREEMENT
BETWEEN
EQUITRUST SERIES FUND, INC.
AND
EQUITRUST INVESTMENT MANAGEMENT SERVICES, INC.
This Shareholder Service, Dividend Disbursing and Transfer Agent Agreement
made the 15th day of February 1971, as amended and restated the 1st day of
December, 2002, between EQUITRUST SERIES FUND, INC. , a Maryland corporation
(hereinafter called the "Fund"), and EQUITRUST INVESTMENT MANAGEMENT SERVICES,
INC., a Delaware corporation (hereinafter called the "Agent");
WITNESSETH:
WHEREAS, the Fund desires to enter into a Shareholder Service, Dividend
Disbursing and Transfer Agent Agreement with Agent under which Agent will
provide the services as set forth in detail in this Agreement, and Agent is
desirous of providing such services upon the terms and conditions hereinafter
provided,
NOW, THEREFORE, in consideration of the mutual covenants herein contained,
it is agreed as follows:
1. The Agent shall perform all the usual and ordinary services of
stock transfer agent for the Fund, including those hereinafter set forth.
The Agent shall:
(a) keep the stock transfer books or records of the Fund and
addresses of all shareholders, the number and date of issuance of
shares and fractional shares held by each, the number and date of
certificates for the shares and the number and date of cancellation of
each share and each certificate surrendered for cancellation;
(b) handle the issuance and, redemption of Fund shares;
(c) effect and record shareholder transfers of ownership and
changes in forms of registration;
(d) cause all shareholder reports and proxies to be properly
addressed and mailed in connection with shareholders meetings;
(e) tabulate all proxies; and
(f) prepare and mail all required shareholder federal and state
and other income tax information forms.
2. The Agent shall also act as the Fund's dividend agent in allocating
and causing ordinary dividends and capital gains distributions to be
disbursed to shareholders.
3. For its services specified above, the Fund shall pay the Agent fees
as provided in Exhibit A which is attached hereto and made a part hereof.
Such fees shall be paid by the Fund monthly .
4. The Agent shall administer all periodic withdrawal plans relating
to Fund shares and receive such compensation therefor as may be provided
from time to time in the then current prospectus of the Fund.
5. The Agent agrees to act in good faith in furnishing the services
provided for herein. At the Agent's option it may furnish all necessary
facilities and personnel directly or it may retain a separate organization
for the purpose of performing all or any portion of the Agent's obligations
under this Agreement. The Agent assumes no responsibility under this
Agreement other than to render in good faith the services called for
hereunder.
6. The Agent agrees that in all matters relating to the services to be
performed by it hereunder, it will use its best efforts to act in
conformity with the terms of the Articles of Incorporation, By-Laws,
Registration Statements and current Prospectus of the Fund. Each of the
parties agrees that in all matters relating to the performance of this
Agreement, it will use its best efforts to conform to and comply with the
requirements of the Investment Company Act of 1940 and all other applicable
federal, state or other laws and regulations.
7. To the extent required by Section 31 of the Investment Company Act
of 1940 and the rules and regulations thereunder, Agent agrees that all
records maintained by it (or its sub-agent) relating to the services to be
performed by Agent under this Agreement are the property of the Fund and
will be preserved and surrendered promptly to the Fund on request.
8. The services of the Agent as provided herein are not to be deemed
to be exclusive, and it shall be free to render services of any kind to any
other group, firm, individual-or association, including other investment
companies, and to engage in any other business or activity.
9. This Agreement, including Exhibit A hereto, may be amended at any
time by mutual written consent of the parties.
10. This Agreement shall be effective a of the date of execution, and
may be terminated by either party hereto upon sixty (60) days' written
notice given by one to the other, provided that no such notice of
termination given by the Agent to the Fund shall be effective unless and
until a substitute person or entity
has been engaged by the Fund to perform the services required hereunder for
the Fund, or the Fund has certified to the Agent that other arrangements
have been made by it to provide such services.
11. The Agent understands that the obligations of the Fund under this
Agreement are not binding upon any officers or directors of the Fund
personally, but bind only the Fund and the Fund property. The Agent
represents that it has notice of the provisions of the Articles of
Incorporation of the Fund disclaiming officer and director liability for
acts or obligations of the Fund.
IN WITNESS WHEREOF, the parties have caused this Agreement to be signed by
their respective officers thereunto duly authorized and their respective
corporate seals to be hereunto affixed, as of the day and year first above
written.
ATTEST: EQUITRUST SERIES FUND, INC.
By: /s/ Xxxxxx X. Xxxxxx By: /s/ Xxxxxxx X. Xxxx
---------------------------- ---------------------------
Xxxxxx X. Xxxxxx Xxxxxxx X. Xxxx
Vice President -- Investment Administration Chief Executive Officer
ATTEST: EQUITRUST INVESTMENT MANAGEMENT
SERVICES, INC.
By: /s/ Xxxxxx Xxxxxx By: /s/ Xxxxxx X. Xxxxxx
---------------------------- ---------------------------
Xxxxxx Xxxxxx Xxxxxx X. Xxxxxx
Assistant Secretary President
EXHIBIT A
To
Shareholder Service, Dividend Disbursing
and Transfer Agent Agreement
between
EquiTrust Series Fund, Inc.
and
EquiTrust Investment Management Services, Inc.
December 1, 2002
Annual Per Account Maintenance Fees:
High Grade Bond Portfolio $9.00
Strategic Yield Portfolio 9.00
Money Market Portfolio 9.00
Managed Portfolio 8.00
Blue Chip Portfolio 7.00
Value Growth Portfolio 7.00
Activity Fees:
CDSC $1.40
Closed Account Fee 1.50
New Account Set Up 3.00
Transaction Fee 1.00
ACH Fee 0.25
Telephone Call 1.00
Letter Fee 1.50
The annual account maintenance, CDSC and closed account fees are payable monthly
at the rate of 1/12 of the annual fee per fund portfolio account. Activity fees
will be paid monthly:
In addition, each Fund Portfolio will pay each month out-of-pocket expenses
incurred or advances made by EquiTrust Investment Management Services, Inc.
under the
Shareholder Service, Dividend Disbursing and Transfer Agent Agreement.
These items include, but are not limited to, postage, envelopes, checks,
continuous forms, reports and statements, telephone, telegraph, stationary,
supplies, costs of outside mailing firms, record storage and media for storage
of records (e.g., microfilm, computer tapes).
Executed this 1st day of December 2002.
ATTEST: EQUITRUST SERIES FUND, INC.
By: /s/ Xxxxxx X. Xxxxxx By: /s/ Xxxxxxx X. Xxxx
---------------------------- ---------------------------
Xxxxxx X. Xxxxxx Xxxxxxx X. Xxxx
Vice President -- Investment Administration Chief Executive Officer
ATTEST: EQUITRUST INVESTMENT MANAGEMENT
SERVICES, INC.
By: /s/Xxxxxx Xxxxxx By: /s/ Xxxxxx X. Xxxxxx
---------------------------- ---------------------------
Xxxxxx Xxxxxx Xxxxxx X. Xxxxxx
Assistant Secretary President
