CONSENT TO CONTINUATION
DISTRIBUTION AGREEMENT
This Assignment, dated as of the 1st day of November, 2001, made by and
among Commonwealth International Series Trust (the "Fund"), FCA Corp (the
"Adviser") and Declaration Distributors, Inc. ("Declaration") (collectively the
"Parties").
WHEREAS, Declaration has undergone a substantial ownership change;
WHEREAS, a substantial ownership change triggers a requirement under the
Distribution Agreement among the Fund, the Adviser and Declaration, dated
October 7, 2000 (the "Distribution Agreement") that the Fund and the Adviser
consent to continuation of the Distribution Agreement in the event of a
substantial ownership change of Declaration; and
WHEREAS, the Fund, the Adviser, and Declaration wish to have the
Distribution Agreement continue in full force and effect;
NOW THEREFORE, in consideration of the premises and mutual covenants
contained herein, and the exchange of good and valuable consideration, the
sufficiency and receipt of which are hereby acknowledged, the Parties hereto
hereby agree as follows:
1. CONSENT TO CONTINUATION. The Parties hereby consent to the
continuation of the Distribution Agreement on the same terms and
conditions contained in the Distribution Agreement.
2. ACKNOWLEDGEMENT OF NAME CHANGE. The Fund and the Adviser hereby
acknowledge that Declaration expects to change its name to InCap
Securities, Inc.
IN WITNESS WHEREOF, the Parties hereto have caused this Consent to
Continuation to be executed by their duly authorized officers as of the day and
year first written above.
Commonwealth International Series Trust FCA Corp
/s/ Xxxxxx X. Xxxxxxx, President /s/ Xxxxxx X. Xxxxxxx, President
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Declaration Distributors, Inc.
/s/ Xxxxxxx X. Xxxxx
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