NATIONAL UNION FIRE INSURANCE COMPANY OF
PITTSBURGH, PA
RIDER NO. 4
INSURING AGREEMENT K
To be attached to and form a part of Investment
Company Blanket Bond No.6213964 in favor of
Profunds.
It is agreed that:
(1) The attached bond is amended by adding an
additional Insuring Agreement as follows:
J
UNAUTHORIZED SIGNATURES
(2) Loss resulting directly from the insured
having accepted, paid or cashed any check or
withdrawal order, draft, made or drawn on a
customer's account which bears the signature or
endorsement of one other than a person whose
name and signature is on the application on file
with the Insured as a signatory on such account.
(3) It shall be a condition precedent to the
Insured's right of recovery under this rider that
the Insured shall have on file signatures all
persons who are authorized signatories on such
account.
(4) The Limit of Liability for the coverage
provided by this rider shall be
Twenty Five Ziowand Dollars ( $25.000)
it being understood, however, that such liability
shall be part of and not in addition to the Limit
of Liability stated in item 3. of the Declarations
of the attached bond.
(5) The Underwriter shall not be liable under the
Unauthorized Signatures Rider for any loss on account
of any instrument unless the amount of such
instrument shall be excess of Five thousand do1lars
($5,000 )(herein called Deductible Amount) and unless
such loss on account of such instrument, after
deducting all recoveries on account of such instrument
made prior to the payment of such loss by the Underwriter,
shall be in excess of such Deductible Amount and then
for such excess only, but in no event more than the
amount of the attached bond, or the amount of coverage
under the Unauthorized Signatures Rider, if the amount
of such coverage is less than the amount of the attached
bond.
(6) Nothing herein contained shall be held to vary, alter,
waive, or extend any of the terms, limitations,
conditions, or provisions of the attached bond other than
as above stated.
(7) The rider is effective as of 12:Ol a.m. standard
time on 3I-MAR-2007 as specified in the bond.
BY:
Authorized Representative
