FORM OF AMENDMENT TO GLOBAL CUSTODY AGREEMENT
FORM OF
AMENDMENT TO
This AMENDMENT to the Global Custody Agreement is made effective as of ______________, 2015. Capitalized terms in this Amendment shall have the same meanings as given in the Global Custody Agreement.
WHEREAS, Bank and each Customer entered into a Global Custody Agreement effective as of December 21, 2006 (the “Agreement”) such that Appendix A to the Agreement listing each Customer and its Portfolios may be amended from time to time;
WHEREAS, Bank desires to engage a third-party provider of securities class action services to assist Bank in providing to each Customer and its Portfolios securities class action services as described in the Agreement;
WHEREAS, Bank and each Customer, on behalf of itself and its Portfolios, desire to amend the Agreement;
NOW THEREFORE, in consideration of the premises above, Bank and each Customer agree as follows:
| 1. | Section 14(c)(ii) of the Agreement is amended in its entirety to read: |
“(ii) any act, omission, default or for the solvency of any broker or agent which it or a Subcustodian appoints and which is not a branch or Affiliate of the Bank; it being understood that Bank or a Subcustodian shall be deemed to have exercised reasonable care in respect of this subparagraph (ii) if it exercised reasonable care in the selection and continued retention of any such broker or agent; it being further understood that for purposes of this subparagraph (ii) neither “broker” nor “agent” includes any third-party provider of securities class action services that is engaged by Bank to assist Bank in providing to each Customer and its Portfolios class action services as described in Section 11(d) of this Agreement, and that, notwithstanding the engagement of such a third party provider, the Bank’s standard of care in respect of the performance of such services by such a third-party provider shall be the same as described in paragraph (a) of this Section 14 herein; or”
| 2. | All other provisions of the Agreement remain in effect without change. |
* * * * *
IN WITNESS WHEREOF, each of the Customers and Bank have executed this Amendment as of the date first-written above. Execution of this Amendment by more than one Customer shall not create a contractual or other obligation between or among such Customers (or between or among their respective Portfolios) and this Amendment shall constitute a separate agreement between Bank and each Customer on behalf of itself or each of its Portfolios.
EACH OF THE CUSTOMERS LISTED ON APPENDIX A
IN EFFECT FOR THE AGREEMENT, ON BEHALF OF ITSELF OR ITS LISTED PORTFOLIOS
| By: | CAPITAL RESEARCH AND MANAGEMENT COMPANY |
By: ____________________________
Name:
Title:
| By: | JPMORGAN CHASE BANK, NATIONAL ASSOCIATION |
By: ____________________________
Name:
Title:
