Exhibit 6(i) under Form N-1A
Exhibit 1 under Item 601/Reg. S-K
WORLD INVESTMENT SERIES, INC.
DISTRIBUTOR'S CONTRACT
AGREEMENT made this 1st day of March, 1994, by and between WORLD
INVESTMENT SERIES, INC. (the "Corporation"), a Maryland Corporation, and
FEDERATED SECURITIES CORP. ("FSC"), a Pennsylvania Corporation.
In consideration of the mutual covenants hereinafter contained, it is
hereby agreed by and between the parties hereto as follows:
1. The Corporation hereby appoints FSC as its agent to sell and
distribute shares of the Corporation which may be offered in one or more
series (the "Funds") consisting of one or more classes (the "Classes") of
shares (the "Shares"), as described and set forth on one or more exhibits to
this Agreement, at the current offering price thereof as described and set
forth in the current Prospectuses of the Corporation. FSC hereby accepts
such appointment and agrees to provide such other services for the
Corporation, if any, and accept such compensation from the Corporation, if
any, as set forth in the applicable exhibit to this Agreement.
2. The sale of any Shares may be suspended without prior notice
whenever in the judgment of the Corporation it is in its best interest to do
so.
3. Neither FSC nor any other person is authorized by the Corporation
to give any information or to make any representation relative to any Shares
other than those contained in the Registration Statement, Prospectuses, or
Statements of Additional Information ("SAIs") filed with the Securities and
Exchange Commission, as the same may be amended from time to time, or in any
supplemental information to said Prospectuses or SAIs approved by the
Corporation. FSC agrees that any other information or representations other
than those specified above which it or any dealer or other person who
purchases Shares through FSC may make in connection with the offer or sale of
Shares, shall be made entirely without liability on the part of the
Corporation. No person or dealer, other than FSC, is authorized to act as
agent for the Corporation for any purpose. FSC agrees that in offering or
selling Shares as agent of the Corporation, it will, in all respects, duly
conform to all applicable state and federal laws and the rules and
regulations of the National Association of Securities Dealers, Inc.,
including its Rules of Fair Practice. FSC will submit to the Corporation
copies of all sales literature before using the same and will not use such
sales literature if disapproved by the Corporation.
4. This Agreement is effective with respect to each Class as of the
date of execution of the applicable exhibit and shall continue in effect with
respect to each Class presently set forth on an exhibit and any subsequent
Classes added pursuant to an exhibit during the initial term of this
Agreement for one year from the date set forth above, and thereafter for
successive periods of one year if such continuance is approved at least
annually by the Directors of the Corporation including a majority of the
members of the Board of Directors of the Corporation who are not interested
persons of the Corporation and have no direct or indirect financial interest
in the operation of any Distribution Plan relating to the Corporation or in
any related documents to such Plan (Directors) cast in person at a meeting
called for that purpose. If a Class is added after the first annual approval
by the Directors as described above, this Agreement will be effective as to
that Class upon execution of the applicable exhibit and will continue in
effect until the next annual approval of this Agreement by the Directors and
thereafter for successive periods of one year, subject to approval as
described above.
5. This Agreement may be terminated with regard to a particular Fund
or Class at any time, without the payment of any penalty, by the vote of a
majority of the Disinterested Directors or by a majority of the outstanding
voting securities of the particular Fund or Class on not more than sixty (60)
days' written notice to any other party to this Agreement. This Agreement
may be terminated with regard to a particular Fund or Class by FSC on sixty
(60) days' written notice to the Corporation.
6. This Agreement may not be assigned by FSC and shall automatically
terminate in the event of an assignment by FSC as defined in the Investment
Company Act of 1940, as amended, provided, however, that FSC may employ such
other person, persons, corporation or corporations as it shall determine in
order to assist it in carrying out its duties under this Agreement.
7. FSC shall not be liable to the Corporation for anything done or
omitted by it, except acts or omissions involving willful misfeasance, bad
faith, gross negligence, or reckless disregard of the duties imposed by this
Agreement.
8. This Agreement may be amended at any time by mutual agreement in
writing of all the parties hereto, provided that such amendment is approved
by the Directors of the Corporation including a majority of the Disinterested
Directors of the Corporation cast in person at a meeting called for that
purpose.
9. This Agreement shall be construed in accordance with and governed
by the laws of the Commonwealth of Pennsylvania.
10. (a) Subject to the conditions set forth below, the Corporation
agrees to indemnify and hold harmless FSC and each person, if any, who
controls FSC within the meaning of Section 15 of the Securities Act of 1933
and Section 20 of the Securities Act of 1934, as amended, against any and all
loss, liability, claim, damage and expense whatsoever (including but not
limited to any and all expenses whatsoever reasonably incurred in
investigating, preparing or defending against any litigation, commenced or
threatened, or any claim whatsoever) arising out of or based upon any untrue
statement or alleged untrue statement of a material fact contained in the
Registration Statement, any Prospectuses or SAIs (as from time to time
amended and supplemented) or the omission or alleged omission therefrom of a
material fact required to be stated therein or necessary to make the
statements therein not misleading, unless such statement or omission was made
in reliance upon and in conformity with written information furnished to the
Corporation about FSC by or on behalf of FSC expressly for use in the
Registration Statement, any Prospectuses and SAIs or any amendment or
supplement thereof.
If any action is brought against FSC or any controlling person
thereof with respect to which indemnity may be sought against the Corporation
pursuant to the foregoing paragraph, FSC shall promptly notify the
Corporation in writing of the institution of such action and the Corporation
shall assume the defense of such action, including the employment of counsel
selected by the Corporation and payment of expenses. FSC or any such
controlling person thereof shall have the right to employ separate counsel in
any such case, but the fees and expenses of such counsel shall be at the
expense of FSC or such controlling person unless the employment of such
counsel shall have been authorized in writing by the Corporation in
connection with the defense of such action or the Corporation shall not have
employed counsel to have charge of the defense of such action, in any of
which events such fees and expenses shall be borne by the Corporation.
Anything in this paragraph to the contrary notwithstanding, the Corporation
shall not be liable for any settlement of any such claim of action effected
without its written consent. The Corporation agrees promptly to notify FSC
of the commencement of any litigation or proceedings against the Corporation
or any of its officers or Directors or controlling persons in connection with
the issue and sale of Shares or in connection with the Registration
Statement, Prospectuses, or SAIs.
(b) FSC agrees to indemnify and hold harmless the Corporation,
each of its Directors, each of its officers who have signed the Registration
Statement and each other person, if any, who controls the Corporation within
the meaning of Section 15 of the Securities Act of 1933, but only with
respect to statements or omissions, if any, made in the Registration
Statement or any Prospectus, SAI, or any amendment or supplement thereof in
reliance upon, and in conformity with, information furnished to the
Corporation about FSC by or on behalf of FSC expressly for use in the
Registration Statement or any Prospectus, SAI, or any amendment or supplement
thereof. In case any action shall be brought against the Corporation or any
other person so indemnified based on the Registration Statement or any
Prospectus, SAI, or any amendment or supplement thereof, and with respect to
which indemnity may be sought against FSC, FSC shall have the rights and
duties given to the Corporation, and the Corporation and each other person so
indemnified shall have the rights and duties given to FSC by the provisions
of subsection (a) above.
(c) Nothing herein contained shall be deemed to protect any
person against liability to the Corporation or its shareholders to which such
person would otherwise be subject by reason of willful misfeasance, bad faith
or gross negligence in the performance of the duties of such person or by
reason of the reckless disregard by such person of the obligations and duties
of such person under this Agreement.
(d) Insofar as indemnification for liabilities may be
permitted pursuant to Section 17 of the Investment Company Act of 1940, as
amended, for Directors, officers, FSC and controlling persons of the
Corporation by the Corporation pursuant to this Agreement, the Corporation is
aware of the position of the Securities and Exchange Commission as set forth
in the Investment Company Act Release No. IC-11330. Therefore, the
Corporation undertakes that in addition to complying with the applicable
provisions of this Agreement, in the absence of a final decision on the
merits by a court or other body before which the proceeding was brought, that
an indemnification payment will not be made unless in the absence of such a
decision, a reasonable determination based upon factual review has been made
(i) by a majority vote of a quorum of non-party Disinterested Directors, or
(ii) by independent legal counsel in a written opinion that the indemnitee
was not liable for an act of willful misfeasance, bad faith, gross negligence
or reckless disregard of duties. The Corporation further undertakes that
advancement of expenses incurred in the defense of a proceeding (upon
undertaking for repayment unless it is ultimately determined that
indemnification is appropriate) against an officer, Trustee/Director, FSC or
controlling person of the Corporation will not be made absent the fulfillment
of at least one of the following conditions: (i) the indemnitee provides
security for his undertaking; (ii) the Corporation is insured against losses
arising by reason of any lawful advances; or (iii) a majority of a quorum of
non-party Disinterested Directors or independent legal counsel in a written
opinion makes a factual determination that there is reason to believe the
indemnitee will be entitled to indemnification.
11. If at any time the Shares of any Fund are offered in two or more
Classes, FSC agrees to adopt compliance standards as to when a class of
shares may be sold to particular investors.
12. This Agreement will become binding on the parties hereto upon the
execution of the attached exhibits to the Agreement.
Exhibit A
to the
Distributor's Contract
World Investment Series, Inc.
World Utility Fund - Class A Shares
In consideration of the mutual covenants set forth in the Distributor's
Contract dated March 1, 1994, between World Investment Series, Inc. and
Federated Securities Corp., World Investment Series, Inc. executes and
delivers this Exhibit on behalf of the Class A Shares of World Utility Fund,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of March, 1994.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ Xxxx X. XxXxxxxxx By: /s/ Xxxxxxx X. Xxxxxx
Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxx X. Xxxxxx, XX
Secretary Executive Vice President
(SEAL)
Exhibit B
to the
Distributor's Contract
World Investment Series, Inc.
World Utility Fund - Fortress Shares
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated the 1st day of March, 1994, between World
Investment Series, Inc. and Federated Securities Corp. with respect to
Classes of the Funds set forth above.
1. The Corporation hereby appoints FSC to engage in activities
principally intended to result in the sale of shares of the above-listed
Classes ("Shares"). Pursuant to this appointment, FSC is authorized to
select a group of brokers ("Brokers") to sell Shares at the current offering
price thereof as described and set forth in the respective prospectuses of
the Corporation, and to render administrative support services to the
Corporation and its shareholders. In addition, FSC is authorized to select a
group of administrators ("Administrators") to render administrative support
services to the Corporation and its shareholders.
2. Administrative support services may include, but are not limited
to, the following functions: 1) account openings: the Broker or
Administrator communicates account openings via computer terminals located on
the Broker's or Administrator's premises; 2) account closings: the Broker or
Administrator communicates account closings via computer terminals; 3) enter
purchase transactions: purchase transactions are entered through the
Broker's or Administrator's own personal computer or through the use of a
toll-free telephone number; 4) enter redemption transactions: Broker or
Administrator enters redemption transactions in the same manner as purchases;
5) account maintenance: Broker or Administrator provides or arranges to
provide accounting support for all transactions. Broker or Administrator
also wires funds and receives funds for Corporation share purchases and
redemptions, confirms and reconciles all transactions, reviews the activity
in the Corporation's accounts, and provides training and supervision of its
personnel; 6) interest posting: Broker or Administrator posts and reinvests
dividends to the Corporation's accounts; 7) prospectus and shareholder
reports: Broker or Administrator maintains and distributes current copies of
prospectuses and shareholder reports; 8) advertisements: the Broker or
Administrator continuously advertises the availability of its services and
products; 9) customer lists: the Broker or Administrator continuously
provides names of potential customers; 10) design services: the Broker or
Administrator continuously designs material to send to customers and develops
methods of making such materials accessible to customers; and
11) consultation services: the Broker or Administrator continuously provides
information about the product needs of customers.
3. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the annual
rate of .25 of 1% of the average aggregate net asset value of the shares of
the World Utility Fund - Fortress Shares held during the month. For the
month in which this Agreement becomes effective or terminates, there shall be
an appropriate proration of any fee payable on the basis of the number of
days that the Agreement is in effect during the month.
4. FSC may from time-to-time and for such periods as it deems
appropriate reduce its compensation to the extent any Classes' expenses
exceed such lower expense limitation as FSC may, by notice to the
Corporation, voluntarily declare to be effective.
5. FSC will enter into separate written agreements with various firms
to provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Brokers and Administrators a periodic fee in
respect of Shares owned from time to time by their clients or customers. The
schedules of such fees and the basis upon which such fees will be paid shall
be determined from time to time by FSC in its sole discretion.
6. FSC will prepare reports to the Board of Directors of the
Corporation on a quarterly basis showing amounts expended hereunder including
amounts paid to Brokers and Administrators and the purpose for such payments.
In consideration of the mutual covenants set forth in the Distributor's
Contract dated March 1, 1994, between World Investment Series, Inc. and
Federated Securities Corp., World Investment Series, Inc. executes and
delivers this Exhibit on behalf of the Funds, and with respect to the
separate Classes of Shares thereof, first set forth in this Exhibit.
Witness the due execution hereof this 1st day of March, 1994.
ATTEST: World Investment Series, Inc.
/s/ Xxxx X. XxXxxxxxx By: /s/ Xxxxxxx X. Xxxxxx
Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxx X. Xxxxxx, XX
Secretary Executive Vice President
(SEAL)
Exhibit C
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
WORLD UTILITY FUND
CLASS B SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the World Utility
Fund, and with respect to the Class B Shares thereof, first set forth in
this Exhibit.
Witness the due execution hereof this 1st day of June, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ Xxxx X. XxXxxxxxx By: /s/ Xxxxxxx X. Xxxxxx
Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ S. Xxxxxxx Xxxxx By:/s/ Xxxx X. XxXxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit D
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
WORLD UTILITY FUND
CLASS C SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the World Utility
Fund, and with respect to the Class C Shares thereof, first set forth in
this Exhibit.
Witness the due execution hereof this 1st day of June, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ Xxxx X. XxXxxxxxx By: /s/ Xxxxxxx X. Xxxxxx
Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ S. Xxxxxxx Xxxxx By:/s/ Xxxx X. XxXxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit E
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED ASIA PACIFIC GROWTH FUND
CLASS A SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.25 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated Asia
Pacific Growth Fund, and with respect to the Class A Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit F
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED ASIA PACIFIC GROWTH FUND
CLASS B SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated Asia
Pacific Growth Fund, and with respect to the Class B Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit G
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED ASIA PACIFIC GROWTH FUND
CLASS C SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated Asia
Pacific Growth Fund, and with respect to the Class C Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit H
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED EMERGING MARKETS FUND
CLASS A SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.25 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
Emerging Markets Fund, and with respect to the Class A Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit I
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED EMERGING MARKETS FUND
CLASS B SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
Emerging Markets Fund, and with respect to the Class B Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit J
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED EMERGING MARKETS FUND
CLASS C SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
Emerging Markets Fund, and with respect to the Class C Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit K
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED EUROPEAN GROWTH FUND
CLASS A SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.25 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
European Growth Fund, and with respect to the Class A Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit L
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED EUROPEAN GROWTH FUND
CLASS B SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
European Growth Fund, and with respect to the Class B Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit M
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED EUROPEAN GROWTH FUND
CLASS C SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
European Growth Fund, and with respect to the Class C Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit N
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED INTERNATIONAL SMALL COMPANY FUND
CLASS A SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.25 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
International Small Company Fund, and with respect to the Class A Shares
thereof, first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit O
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED INTERNATIONAL SMALL COMPANY FUND
CLASS B SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
International Small Company Fund, and with respect to the Class B Shares
thereof, first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit P
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED INTERNATIONAL SMALL COMPANY FUND
CLASS C SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
International Small Company Fund, and with respect to the Class C Shares
thereof, first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit Q
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED LATIN AMERICAN GROWTH FUND
CLASS A SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.25 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated Latin
American Growth Fund, and with respect to the Class A Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit R
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED LATIN AMERICAN GROWTH FUND
CLASS B SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated Latin
American Growth Fund, and with respect to the Class B Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit S
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED LATIN AMERICAN GROWTH FUND
CLASS C SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that
the Agreement is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC,
in its sole discretion, may pay Financial Institutions a periodic fee
in respect of Shares owned from time to time by their clients or
customers. The schedules of such fees and the basis upon which such
fees will be paid shall be determined from time to time by FSC in its
sole discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including
amounts paid to Financial Institutions and the purpose for such
expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated Latin
American Growth Fund, and with respect to the Class C Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
