Exhibit 99.2(k)(3)
Colbent Logo
THE COLBENT CORPORATION
THE INDIA FUND
SUBSCRIPTION AGENT AGREEMENT
THIS AGREEMENT is entered into this xxth day of April, 2006, between The Colbent
Corporation and The India Fund, Inc. (collectively hereinafter, the "Parties").
WHEREAS, Colbent shall act as Subscription Agent in connection with this
Non-transferable Rights Offering and in such capacity is authorized and directed
to accept the subscription of Shares.
NOW THEREFORE, the Parties mutually agree and covenant as follows:
A. FEES FOR SERVICES*
------------------------------------------------------- -----------------------------------------------------
FEE SERVICE PROVIDED
------------------------------------------------------- -----------------------------------------------------
$7500.00 Project Management Fee
------------------------------------------------------- -----------------------------------------------------
$0.35 10 Day Notice Printing & Mailing (if applicable)
------------------------------------------------------- -----------------------------------------------------
$0.39 10 Day Notice Postage (if applicable)
------------------------------------------------------- -----------------------------------------------------
$1.00 Replacement Forms/Fulfillment
------------------------------------------------------- -----------------------------------------------------
$1.00 Per subscription form generated
------------------------------------------------------- -----------------------------------------------------
$0.25 and up Mailing of Subscription forms (depending on number
of enclosures)
------------------------------------------------------- -----------------------------------------------------
$6.00 Per subscription form processed (registered and
beneficial)
------------------------------------------------------- -----------------------------------------------------
$6.50 Per defective subscription form received
------------------------------------------------------- -----------------------------------------------------
$3.00 Per notice of guaranteed delivery received
------------------------------------------------------- -----------------------------------------------------
$2.25 Per invoice mailed (if applicable)
------------------------------------------------------- -----------------------------------------------------
$.75 Per refund check issued and mailed (if applicable)
------------------------------------------------------- -----------------------------------------------------
$3.00 Per solicitation check processed and mailed (if
applicable)
------------------------------------------------------- -----------------------------------------------------
$6.00 Per withdrawal of subscription certificate (if
applicable)
------------------------------------------------------- -----------------------------------------------------
$1500.00 Per Pro-ration (if applicable)
------------------------------------------------------- -----------------------------------------------------
$1000.00 Per offer extension
------------------------------------------------------- -----------------------------------------------------
$5000.00 Minimum charge should the project be cancelled for
any reason prior to the mailing of the subscription
form
------------------------------------------------------- -----------------------------------------------------
$500.00/month DTCC connectivity fee; typically one month
-------------------------------------------------------------------------------------------------------------------
o EXCLUDES OUT-OF-POCKET EXPENSES AS DESCRIBED IN SECTION C, "ITEMS NOT COVERED"
THE COLBENT CORPORATION
CONFIDENTIAL
B. SERVICES COVERED
o Designate an operational team to carry out Subscription Agent
duties, including document review and execution of legal agreement,
review of subscription forms and communication materials, project
management and on-going project updates and reporting.
o Calculating Rights to be distributed to each shareholder and
printing shareholder information on the subscription form.
o Issuing subscription forms, and causing forms to be mailed to
registered shareholders.
o Tracking and reporting the number of exercises made, as required.
o Processing Rights received and exercised.
o Deposit participant checks daily and forward all participant funds
to Fund at the end of the offering period.
o Providing receipt summation of checks received.
o Issuing/ Printing (if applicable,) and mailing stock certificates
and/or checks.
o Interfacing with the Information Agent.
o Calculating, issuing and mailing of proration and/or
over-subscription checks if applicable.
o Calculating, issuing and mailing of solicitation checks if
applicable.
C. ITEMS NOT COVERED
o Items not specified in the "Services Covered" section set forth in
this Agreement, including any services associated with new duties,
legislation or regulatory fiat which become effective after the date
of this Agreement (these will be provided on an appraisal basis)
o All out-of-pocket expenses such as telephone line charges,
certificates, checks, postage, stationary, wire transfers and excess
material disposal (these will be billed as incurred)
o Reasonable legal review fees if referred to outside counsel.
o Overtime charges assessed in the event of late delivery of material
for mailings unless the target mail date is rescheduled.
D. ASSUMPTIONS
o Proposal based upon document review and information known at this
time about the transaction.
o Significant changes made in the term or requirements of this
transaction could require modifications to this proposal.
o Proposal must be executed prior to the initial mailing.
o Company responsible for printing of materials (Rights Card,
Prospectus and ancillary documents).
o Material to be mailed to shareholders must be received no less
than five (5) business days prior to the start of the mailing
project.
o Accrued interest in Deposit account will be used to offset bank
fees. All remaining account interest will go back to the company.
THE COLBENT CORPORATION
CONFIDENTIAL
E. PAYMENT FOR SERVICES
o The Project Management Fee will be rendered and payable upon the
effective date of the transaction. An invoice for any
out-of-pocket and per items fees realized will be rendered and
payable on a monthly basis, except for postage expenses in excess
of $5,000.00. Funds for such mailing expenses must be received one
(1) business day prior to the scheduled mail date.
THE COLBENT CORPORATION THE INDIA FUND, INC.
By: ___________________________________ By:___________________________
Xxxxxxx X. Xxxxxxxxxxxx
Title: President, The Colbent Corporation Title: _______________________
Date: ____________________________________ Date: ________________________
THE COLBENT CORPORATION
CONFIDENTIAL
