AMENDMENT AGREEMENT
Exhibit (g)(5)
AMENDMENT AGREEMENT
AMENDMENT AGREEMENT, effective as of September 1, 2004, by and among MASTER INVESTMENT PORTFOLIO, a Delaware business trust (the “Trust”) and INVESTORS BANK & TRUST COMPANY, a Massachusetts trust company (“Investors Bank”).
WHEREAS the Trust and Investors Bank entered into a Custody Agreement dated October 21, 1996, as amended from time to time (the “Custodian Agreement”); and
WHEREAS, the Trust and Investors Bank desire to amend the Custodian Agreement as set forth below.
NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements herein set forth, the parties hereto agree as follows:
1. Amendment.
Section 14(a) of the Custodian Agreement is hereby amended by deleting such Section 14(a) in its entirety and by inserting in lieu thereof, the following:
“This Agreement shall remain in effect until May 1, 2006 (the “Initial Term”), unless earlier terminated as provided herein. After the expiration of the Initial Term, the term of this Agreement shall automatically renew for successive three-year terms (each a “Renewal Term”) unless notice of non-renewal is delivered by the non-renewing party to the other party no later than one-hundred-twenty (120) days prior to the expiration of the Initial Term or any Renewal Term, as the case may be.”
2. Miscellaneous.
(a) Except as amended hereby, the Custodian Agreement shall remain in full force and effect.
(b) This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
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IN WITNESS WHEREOF, each party hereto has caused this Agreement to be executed by its duly authorized officer, as the case may be, as of the date and year first above written.
| INVESTORS BANK AND TRUST COMPANY | ||
| By: | /s/ Xxxx X. Xxxxxxx, Xx. | |
| Name: | Xxxx X. Xxxxxxx, Xx. | |
| Title: | Sr. VP & CFO | |
| MASTER INVESTMENT PORTFOLIO | ||
| By: | /s/ Xxxxxxx Xxxxxx | |
| Name: | Xxxxxxx Xxxxxx | |
| Title: | Treasurer | |
