SECOND AMENDMENT TO ADMINISTRATIVE SERVICE AGREEMENT
Exhibit H.3
SECOND AMENDMENT TO
ADMINISTRATIVE SERVICE AGREEMENT
This Amendment is made this 26th day of February, 2004, by and between Bankers Trust Company, N.A. (the “Bank”) and Iowa Schools Joint Investment Trust (“ISJIT”).
Whereas, on the 1st day of October, 2003, the Bank and ISJIT entered into a Administrative Service Agreement (the “Agreement”); and
Whereas, according to Section 3, the Agreement terminates on February 27, 2004, unless approved by a majority of the outstanding voting securities of ISJIT; and
Whereas, on January 9, 2004, ISJIT filed for deregistration with the Securities and Exchange Commission (the “Commission”), which application for deregistration is still pending before the Commission; and
Whereas, the Bank and ISJIT wish the Agreement to continue, pending the application for deregistration before the Commission; and
Now, Therefore, the parties agree as follows:
1. Section 3 is hereby amended by deleting the first two sentences in the current paragraph and inserting in lieu thereof the following:
This Agreement commenced October 1, 2003, and unless an order approving deregistration is received from the Securities and Exchange Commission or unless this Agreement is approved by a majority of the outstanding voting securities of ISJIT, this Agreement shall terminate on June 30, 2004. Upon receipt of an order granting deregistration or approval by a majority of the outstanding voting securities, this Agreement shall be effective to September 30, 2006, unless terminated according to its terms.
2. In all other respects the Administrative Service Agreement between the Bank and ISJIT shall remain in full force and effect.
In Witness Whereof, the Bank and ISJIT have caused this Agreement to be executed by their duly authorized officers as of the day and year first above written.
| Iowa Schools Joint Investment Trust | Bankers Trust Company, N.A. | |||||||
| By: | /s/ Xxxx Xxxxxxxxxxxx |
By: | /s/ Xxx X. Xxxxxxxxx | |||||
| Name: | Xxxx Xxxxxxxxxxxx |
Name: | Xxx X. Xxxxxxxxx | |||||
| Title: |
Chair |
Title: | SVP—Chief Financial Officer & Senior Trust Officer | |||||
