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IAA TRUST TAX EXEMPT BOND FUND, INC.
AMENDMENT TO ACCOUNTING SERVICES AGREEMENT
THIS AGREEMENT, dated as of the 27th day of April, 1998 made by and
between IAA TRUST ASSET ALLOCATION FUND, INC. (the "Fund"), a corporation duly
organized and existing under the laws of the State of Maryland, operating as a
registered investment company under the Investment Company Act of 1940, as
amended, and FPS Services, Inc. ("FPS") (formerly known as Fund/Plan Services,
Inc.), a corporation duly organized and existing under the laws of the State of
Delaware, and First Data Investor Services Group, Inc. ("First Data"), a
corporation duly organized and existing under the laws of the Commonwealth of
Massachusetts, and a wholly-owned subsidiary of First Data Corporation
(collectively, the "Parties").
WITNESSETH THAT:
WHEREAS, FPS and the Fund originally entered into an Accounting Services
Agreement dated August 1, 1995 (the "Agreement"); and
WHEREAS, FPS has entered into an Asset Purchase Agreement with First Data
pursuant to which First Data will acquire substantially all of the assets of FPS
(the "Asset Purchase"); and
WHEREAS, the Parties desire that FPS transfer all of its right, title,
interest and obligations under the Agreement to First Data, and that the Fund
consent to such assignment in writing; and
WHEREAS, the Parties further desire to amend the Agreement to extend the
term of the Agreement until February 29, 2000;
NOW, THEREFORE, in consideration of the promises and mutual covenants
contained herein, the Parties hereto, intending to be legally bound, do hereby
agree:
1. FPS hereby assigns and transfers all of its right, title, interest and
obligations under the Agreement to First Data.
2. The Fund hereby consents to such assignment from FPS to First Data.
3. Paragraph 15 of the Agreement is hereby amended by deleting
subparagraphs (a) and (b) and inserting the following:
(a) The term of this Agreement shall commence on the date hereinabove
first written ("Effective Date") and shall continue until February 29, 2000 and
thereafter on a year to year term subject to termination by either Party set
forth in (c) below.
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(b) The fee schedule set forth in Schedule "B" attached shall be fixed
until February 29, 2000 and shall continue thereafter subject to review and
adjustment of the fee schedule and termination notice as set forth in section
(c) below.
4. All references to Fund/Plan in the Agreement are hereby changed to
First Data.
5. All provisions of the Agreement are incorporated in this Amendment and
are hereby modified or supplemented to conform with this Amendment, but in all
other respects are to be and shall continue in full force.
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement,
consisting of two type-written pages to be signed by their duly authorized
officers as of the day and year first above written.
IAA TRUST TAX EXEMPT BOND FUND, INC. FPS SERVICES, INC.
By: /s/ Xxxxxx X. Xxxxxxxx By: /s/ Xxxxxxx X. Xxxxx
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Attest: /s/ Xxxx X. Xxxxxx Attest: /s/ Xxxxx X. Xxxxx
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FIRST DATA INVESTOR SERVICES GROUP, INC.
By: /s/ Xxxx Xxxxxxx
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Attest: /s/ Xxxxx X. Xxxxx
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