AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
EXHIBIT NO. 99.(d) 2
AMENDMENT TO INVESTMENT
AMENDMENT dated as of August 1, 2008, to the Investment Advisory Agreement dated January 1, 2002, (the “Agreement”) by and between MFS Municipal Series Trust (the “Trust”) on behalf of each of its series of shares (each, a “Fund”) and Massachusetts Financial Services Company, a Delaware corporation (the “Adviser”).
WITNESSETH
WHEREAS, the Trust on behalf of each Fund has entered into the Agreement with the Adviser; and
WHEREAS, the Trust and the Adviser have agreed to amend the Agreement as provided below;
NOW THEREFORE, in consideration of the mutual covenants and agreements of the parties hereto as herein set forth, the parties covenant and agree as follows:
Article 3: Compensation of the Adviser: The reference to each Fund in Appendix B of the Agreement is deleted and replaced in its entirety as follows:
| MFS Alabama Municipal Bond Fund |
0.45 | % | |
| MFS Arkansas Municipal Bond Fund |
0.45 | % | |
| MFS California Municipal Bond Fund |
0.45 | % | |
| MFS Florida Municipal Bond Fund |
0.45 | % | |
| MFS Georgia Municipal Bond Fund |
0.45 | % | |
| MFS Maryland Municipal Bond Fund |
0.45 | % | |
| MFS Massachusetts Municipal Bond Fund |
0.45 | % | |
| MFS Mississippi Municipal Bond Fund |
0.45 | % | |
| MFS Municipal Income Fund |
0.40 | % | |
| MFS New York Municipal Bond Fund |
0.45 | % | |
| MFS North Carolina Municipal Bond Fund |
0.45 | % | |
| MFS Pennsylvania Municipal Bond Fund |
0.45 | % | |
| MFS South Carolina Municipal Bond Fund |
0.45 | % |
| MFS Tennessee Municipal Bond Fund |
0.45 | % | |
| MFS Virginia Municipal Bond Fund |
0.45 | % | |
| MFS West Virginia Municipal Bond Fund |
0.45 | % |
Miscellaneous: Except as set forth in this Amendment, the Agreement shall remain in full force and effect, without amendment or modification.
Limitation of Liability of the Trustees and Shareholders: A copy of the Trust’s Declaration of Trust is on file with the Secretary of State of The Commonwealth of Massachusetts. The parties hereto acknowledge that the obligations of or arising out of this instrument are not binding upon any of the Trust’s trustees, officers, employees, agents or shareholders individually, but are binding solely upon the assets and property of the Trust in accordance with its proportionate interest hereunder. If this instrument is executed by the Trust on behalf of one or more series of the Trust, the parties hereto acknowledge that the assets and liabilities of each series of the Trust are separate and distinct and that the obligations of or arising out of this instrument are binding solely upon the assets or property of the series on whose behalf the Trust has executed this instrument. If the Trust has executed this instrument on behalf of more than one series of the Trust, the parties hereto also agree that the obligations of each series hereunder shall be several and not joint, in accordance with its proportionate interest hereunder, and the parties hereto agree not to proceed against any series for the obligations of another series.
IN WITNESS WHEREOF, the parties have caused this Amendment to the Agreement to be executed and delivered in the names and on their behalf by the undersigned, therewith duly authorized, all as of the day and year first above written.
| MFS Municipal Series Trust | ||
| on behalf of each of its series | ||
| By: | XXXXX X. XXXXXX | |
| Xxxxx X. Xxxxxx | ||
| Assistant Secretary | ||
| MASSACHUSETTS FINANCIAL SERVICES COMPANY | ||
| By: | XXXXXX X. XXXXXXX | |
| Xxxxxx X. Xxxxxxx | ||
| President | ||
