Xxxxxxx Xxxxxxxx
Xxxxxxxx
Division of Xxxxxxxxx, Xxxxxx & Xxxxxxxx Securities Corporation
Xxx Xxxxxxxx Xxxxx
Xxxxxx Xxxx, Xxx Xxxxxx 00000
Subject: Xxxxxxxx Funds - Selected Dealer Agreement
Dear Xxxxxxx:
Please be advised that as of October 25, 2001, Xxxxxxxx & Company,
Inc., the parent corporation of Xxxxxxxx Research Corp., underwent a change of
control that results in the "assignment" (as defined in the Investment Company
Act of 1940) of the Selected Dealer Agreement between Pershing and Xxxxxxxx
Research Corp. dated December 12, 2000 (the "Agreement"). Such an assignment
technically causes the automatic termination of the Agreement.
In order for Xxxxxxxx Research Corp. to be able to continue to
compensate Pershing for its services under the Agreement after October 25, 2001,
Xxxxxxxx Research Corp. proposes that each party agree to continue to be bound
by the terms and conditions of the Agreement as if the Agreement had not been
assigned. If Xxxxxxxx agrees to so continue to be bound by the same terms and
conditions of the Agreement, please sign each copy of this letter as set forth
below, retain one copy for your files and return one copy to us to acknowledge
your agreement to continue to be bound by the terms and conditions of the
Agreement.
Please do not hesitate to call Xxxxxxx Xxxxxxx at 000-000-0000 or I at
000-000-0000 with any questions you may have.
Sincerely,
XXXXXXXX RESEARCH CORP.
By ____/s/__________________, __VP________
Xxxxxxx X. Xxxxxx Vice President
(Name) (Title)
Pershing hereby agrees to continue to be bound by the terms and
conditions of the Agreement effective October 25, 2001, as if the Agreement had
not been assigned.
PERSHING
_11/5______________, 2001 By ____/s/__________________, __VP________
Xxxx Xxxxx Vice President
(Name) (Title)
