EXHIBIT 6 (I) UNDER FORM N-1A
EXHIBIT 1 UNDER ITEM 601/REG. S-K
WORLD INVESTMENT SERIES, INC.
DISTRIBUTOR'S CONTRACT
AGREEMENT made this 1st day of March, 1994, by and between WORLD INVESTMENT
SERIES, INC. (the "Corporation"), a Maryland Corporation, and FEDERATED
SECURITIES CORP. ("FSC"), a Pennsylvania Corporation.
In consideration of the mutual covenants hereinafter contained, it is
hereby agreed by and between the parties hereto as follows:
1. The Corporation hereby appoints FSC as its agent to sell and
distribute shares of the Corporation which may be offered in one or more series
(the "Funds") consisting of one or more classes (the "Classes") of shares (the
"Shares"), as described and set forth on one or more exhibits to this Agreement,
at the current offering price thereof as described and set forth in the current
Prospectuses of the Corporation. FSC hereby accepts such appointment and agrees
to provide such other services for the Corporation, if any, and accept such
compensation from the Corporation, if any, as set forth in the applicable
exhibit to this Agreement.
2. The sale of any Shares may be suspended without prior notice whenever
in the judgment of the Corporation it is in its best interest to do so.
3. Neither FSC nor any other person is authorized by the Corporation to
give any information or to make any representation relative to any Shares other
than those contained in the Registration Statement, Prospectuses, or Statements
of Additional Information ("SAIs") filed with the Securities and Exchange
Commission, as the same may be amended from time to time, or in any supplemental
information to said Prospectuses or SAIs approved by the Corporation. FSC
agrees that any other information or representations other than those specified
above which it or any dealer or other person who purchases Shares through FSC
may make in connection with the offer or sale of Shares, shall be made entirely
without liability on the part of the Corporation. No person or dealer, other
than FSC, is authorized to act as agent for the Corporation for any purpose.
FSC agrees that in offering or selling Shares as agent of the Corporation, it
will, in all respects, duly conform to all applicable state and federal laws and
the rules and regulations of the National Association of Securities Dealers,
Inc., including its Rules of Fair Practice. FSC will submit to the Corporation
copies of all sales literature before using the same and will not use such sales
literature if disapproved by the Corporation.
4. This Agreement is effective with respect to each Class as of the date
of execution of the applicable exhibit and shall continue in effect with respect
to each Class presently set forth on an exhibit and any subsequent Classes added
pursuant to an exhibit during the initial term of this Agreement for one year
from the date set forth above, and thereafter for successive periods of one year
if such continuance is approved at least annually by the Directors of the
Corporation including a majority of the members of the Board of Directors of the
Corporation who are not interested persons of the Corporation and have no direct
or indirect financial interest in the operation of any Distribution Plan
relating to the Corporation or in any related documents to such Plan (Directors)
cast in person at a meeting called for that purpose. If a Class is added after
the first annual approval by the Directors as described above, this Agreement
will be effective as to that Class upon execution of the applicable exhibit and
will continue in effect until the next annual approval of this Agreement by the
Directors and thereafter for successive periods of one year, subject to approval
as described above.
5. This Agreement may be terminated with regard to a particular Fund or
Class at any time, without the payment of any penalty, by the vote of a majority
of the Disinterested Directors or by a majority of the outstanding voting
securities of the particular Fund or Class on not more than sixty (60) days'
written notice to any other party to this Agreement. This Agreement may be
terminated with regard to a particular Fund or Class by FSC on sixty (60) days'
written notice to the Corporation.
6. This Agreement may not be assigned by FSC and shall automatically
terminate in the event of an assignment by FSC as defined in the Investment
Company Act of 1940, as amended, provided, however, that FSC may employ such
other person, persons, corporation or corporations as it shall determine in
order to assist it in carrying out its duties under this Agreement.
7. FSC shall not be liable to the Corporation for anything done or
omitted by it, except acts or omissions involving willful misfeasance, bad
faith, gross negligence, or reckless disregard of the duties imposed by this
Agreement.
8. This Agreement may be amended at any time by mutual agreement in
writing of all the parties hereto, provided that such amendment is approved by
the Directors of the Corporation including a majority of the Disinterested
Directors of the Corporation cast in person at a meeting called for that
purpose.
9. This Agreement shall be construed in accordance with and governed by
the laws of the Commonwealth of Pennsylvania.
10. (a) Subject to the conditions set forth below, the Corporation agrees
to indemnify and hold harmless FSC and each person, if any, who controls FSC
within the meaning of Section 15 of the Securities Act of 1933 and Section 20 of
the Securities Act of 1934, as amended, against any and all loss, liability,
claim, damage and expense whatsoever (including but not limited to any and all
expenses whatsoever reasonably incurred in investigating, preparing or defending
against any litigation, commenced or threatened, or any claim whatsoever)
arising out of or based upon any untrue statement or alleged untrue statement of
a material fact contained in the Registration Statement, any Prospectuses or
SAIs (as from time to time amended and supplemented) or the omission or alleged
omission therefrom of a material fact required to be stated therein or necessary
to make the statements therein not misleading, unless such statement or omission
was made in reliance upon and in conformity with written information furnished
to the Corporation about FSC by or on behalf of FSC expressly for use in the
Registration Statement, any Prospectuses and SAIs or any amendment or supplement
thereof.
If any action is brought against FSC or any controlling person
thereof with respect to which indemnity may be sought against the Corporation
pursuant to the foregoing paragraph, FSC shall promptly notify the Corporation
in writing of the institution of such action and the Corporation shall assume
the defense of such action, including the employment of counsel selected by the
Corporation and payment of expenses. FSC or any such controlling person thereof
shall have the right to employ separate counsel in any such case, but the fees
and expenses of such counsel shall be at the expense of FSC or such controlling
person unless the employment of such counsel shall have been authorized in
writing by the Corporation in connection with the defense of such action or the
Corporation shall not have employed counsel to have charge of the defense of
such action, in any of which events such fees and expenses shall be borne by the
Corporation. Anything in this paragraph to the contrary notwithstanding, the
Corporation shall not be liable for any settlement of any such claim of action
effected without its written consent. The Corporation agrees promptly to notify
FSC of the commencement of any litigation or proceedings against the Corporation
or any of its officers or Directors or controlling persons in connection with
the issue and sale of Shares or in connection with the Registration Statement,
Prospectuses, or SAIs.
(b) FSC agrees to indemnify and hold harmless the Corporation, each
of its Directors, each of its officers who have signed the Registration
Statement and each other person, if any, who controls the Corporation within the
meaning of Section 15 of the Securities Act of 1933, but only with respect to
statements or omissions, if any, made in the Registration Statement or any
Prospectus, SAI, or any amendment or supplement thereof in reliance upon, and in
conformity with, information furnished to the Corporation about FSC by or on
behalf of FSC expressly for use in the Registration Statement or any Prospectus,
SAI, or any amendment or supplement thereof. In case any action shall be
brought against the Corporation or any other person so indemnified based on the
Registration Statement or any Prospectus, SAI, or any amendment or supplement
thereof, and with respect to which indemnity may be sought against FSC, FSC
shall have the rights and duties given to the Corporation, and the Corporation
and each other person so indemnified shall have the rights and duties given to
FSC by the provisions of subsection (a) above.
(c) Nothing herein contained shall be deemed to protect any
person against liability to the Corporation or its shareholders to which such
person would otherwise be subject by reason of willful misfeasance, bad faith or
gross negligence in the performance of the duties of such person or by reason of
the reckless disregard by such person of the obligations and duties of such
person under this Agreement.
(d) Insofar as indemnification for liabilities may be permitted
pursuant to Section 17 of the Investment Company Act of 1940, as amended, for
Directors, officers, FSC and controlling persons of the Corporation by the
Corporation pursuant to this Agreement, the Corporation is aware of the position
of the Securities and Exchange Commission as set forth in the Investment Company
Act Release No. IC-11330. Therefore, the Corporation undertakes that in
addition to complying with the applicable provisions of this Agreement, in the
absence of a final decision on the merits by a court or other body before which
the proceeding was brought, that an indemnification payment will not be made
unless in the absence of such a decision, a reasonable determination based upon
factual review has been made (i) by a majority vote of a quorum of non-party
Disinterested Directors, or (ii) by independent legal counsel in a written
opinion that the indemnitee was not liable for an act of willful misfeasance,
bad faith, gross negligence or reckless disregard of duties. The Corporation
further undertakes that advancement of expenses incurred in the defense of a
proceeding (upon undertaking for repayment unless it is ultimately determined
that indemnification is appropriate) against an officer, Trustee/Director, FSC
or controlling person of the Corporation will not be made absent the fulfillment
of at least one of the following conditions: (i) the indemnitee provides
security for his undertaking; (ii) the Corporation is insured against losses
arising by reason of any lawful advances; or (iii) a majority of a quorum of
non-party Disinterested Directors or independent legal counsel in a written
opinion makes a factual determination that there is reason to believe the
indemnitee will be entitled to indemnification.
11. If at any time the Shares of any Fund are offered in two or more
Classes, FSC agrees to adopt compliance standards as to when a class of shares
may be sold to particular investors.
12. This Agreement will become binding on the parties hereto upon the
execution of the attached exhibits to the Agreement.
Exhibit A
to the
Distributor's Contract
World Investment Series, Inc.
World Utility Fund - Class A Shares
In consideration of the mutual covenants set forth in the Distributor's
Contract dated March 1, 1994, between World Investment Series, Inc. and
Federated Securities Corp., World Investment Series, Inc. executes and delivers
this Exhibit on behalf of the Class A Shares of World Utility Fund, first set
forth in this Exhibit.
Witness the due execution hereof this 1st day of March, 1994.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ Xxxx X. XxXxxxxxx By: /s/ Xxxxxxx X. Xxxxxx
Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxx X. Xxxxxx, XX
Secretary Executive Vice President
(SEAL)
Exhibit B
to the
Distributor's Contract
World Investment Series, Inc.
World Utility Fund - Fortress Shares
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated the 1st day of March, 1994, between World
Investment Series, Inc. and Federated Securities Corp. with respect to Classes
of the Funds set forth above.
1. The Corporation hereby appoints FSC to engage in activities
principally intended to result in the sale of shares of the above-listed Classes
("Shares"). Pursuant to this appointment, FSC is authorized to select a group
of brokers ("Brokers") to sell Shares at the current offering price thereof as
described and set forth in the respective prospectuses of the Corporation, and
to render administrative support services to the Corporation and its
shareholders. In addition, FSC is authorized to select a group of
administrators ("Administrators") to render administrative support services to
the Corporation and its shareholders.
2. Administrative support services may include, but are not limited to,
the following functions: 1) account openings: the Broker or Administrator
communicates account openings via computer terminals located on the Broker's or
Administrator's premises; 2) account closings: the Broker or Administrator
communicates account closings via computer terminals; 3) enter purchase
transactions: purchase transactions are entered through the Broker's or
Administrator's own personal computer or through the use of a toll-free
telephone number; 4) enter redemption transactions: Broker or Administrator
enters redemption transactions in the same manner as purchases; 5) account
maintenance: Broker or Administrator provides or arranges to provide accounting
support for all transactions. Broker or Administrator also wires funds and
receives funds for Corporation share purchases and redemptions, confirms and
reconciles all transactions, reviews the activity in the Corporation's accounts,
and provides training and supervision of its personnel; 6) interest posting:
Broker or Administrator posts and reinvests dividends to the Corporation's
accounts; 7) prospectus and shareholder reports: Broker or Administrator
maintains and distributes current copies of prospectuses and shareholder
reports; 8) advertisements: the Broker or Administrator continuously advertises
the availability of its services and products; 9) customer lists: the Broker or
Administrator continuously provides names of potential customers; 10) design
services: the Broker or Administrator continuously designs material to send to
customers and develops methods of making such materials accessible to customers;
and 11) consultation services: the Broker or Administrator continuously
provides information about the product needs of customers.
3. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the annual rate
of .25 of 1% of the average aggregate net asset value of the shares of the World
Utility Fund - Fortress Shares held during the month. For the month in which
this Agreement becomes effective or terminates, there shall be an appropriate
proration of any fee payable on the basis of the number of days that the
Agreement is in effect during the month.
4. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Classes' expenses exceed such lower
expense limitation as FSC may, by notice to the Corporation, voluntarily declare
to be effective.
5. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in its
sole discretion, may pay Brokers and Administrators a periodic fee in respect of
Shares owned from time to time by their clients or customers. The schedules of
such fees and the basis upon which such fees will be paid shall be determined
from time to time by FSC in its sole discretion.
6. FSC will prepare reports to the Board of Directors of the Corporation
on a quarterly basis showing amounts expended hereunder including amounts paid
to Brokers and Administrators and the purpose for such payments.
In consideration of the mutual covenants set forth in the Distributor's
Contract dated March 1, 1994, between World Investment Series, Inc. and
Federated Securities Corp., World Investment Series, Inc. executes and delivers
this Exhibit on behalf of the Funds, and with respect to the separate Classes of
Shares thereof, first set forth in this Exhibit.
Witness the due execution hereof this 1st day of March, 1994.
ATTEST: World Investment Series, Inc.
/s/ Xxxx X. XxXxxxxxx By: /s/ Xxxxxxx X. Xxxxxx
Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxx X. Xxxxxx, XX
Secretary Executive Vice President
(SEAL)
Exhibit C
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
WORLD UTILITY FUND
CLASS B SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the World Utility
Fund, and with respect to the Class B Shares thereof, first set forth in
this Exhibit.
Witness the due execution hereof this 1st day of June, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ Xxxx X. XxXxxxxxx By: /s/ Xxxxxxx X. Xxxxxx
Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ S. Xxxxxxx Xxxxx By:/s/ Xxxx X. XxXxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit D
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
WORLD UTILITY FUND
CLASS C SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the World Utility
Fund, and with respect to the Class C Shares thereof, first set forth in
this Exhibit.
Witness the due execution hereof this 1st day of June, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ Xxxx X. XxXxxxxxx By: /s/ Xxxxxxx X. Xxxxxx
Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ S. Xxxxxxx Xxxxx By:/s/ Xxxx X. XxXxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit E
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED ASIA PACIFIC GROWTH FUND
CLASS A SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.25 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated Asia
Pacific Growth Fund, and with respect to the Class A Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit F
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED ASIA PACIFIC GROWTH FUND
CLASS B SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated Asia
Pacific Growth Fund, and with respect to the Class B Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit G
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED ASIA PACIFIC GROWTH FUND
CLASS C SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated Asia
Pacific Growth Fund, and with respect to the Class C Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit H
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED EMERGING MARKETS FUND
CLASS A SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.25 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
Emerging Markets Fund, and with respect to the Class A Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit I
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED EMERGING MARKETS FUND
CLASS B SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
Emerging Markets Fund, and with respect to the Class B Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit J
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED EMERGING MARKETS FUND
CLASS C SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
Emerging Markets Fund, and with respect to the Class C Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit K
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED EUROPEAN GROWTH FUND
CLASS A SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.25 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
European Growth Fund, and with respect to the Class A Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit L
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED EUROPEAN GROWTH FUND
CLASS B SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
European Growth Fund, and with respect to the Class B Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit M
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED EUROPEAN GROWTH FUND
CLASS C SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
European Growth Fund, and with respect to the Class C Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit N
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED INTERNATIONAL SMALL COMPANY FUND
CLASS A SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.25 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
International Small Company Fund, and with respect to the Class A Shares
thereof, first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit O
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED INTERNATIONAL SMALL COMPANY FUND
CLASS B SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
International Small Company Fund, and with respect to the Class B Shares
thereof, first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit P
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED INTERNATIONAL SMALL COMPANY FUND
CLASS C SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated
International Small Company Fund, and with respect to the Class C Shares
thereof, first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit Q
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED LATIN AMERICAN GROWTH FUND
CLASS A SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.25 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated Latin
American Growth Fund, and with respect to the Class A Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit R
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED LATIN AMERICAN GROWTH FUND
CLASS B SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated Latin
American Growth Fund, and with respect to the Class B Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
(SEAL)
Exhibit S
to the
Distributor's Contract
WORLD INVESTMENT SERIES, INC.
FEDERATED LATIN AMERICAN GROWTH FUND
CLASS C SHARES
The following provisions are hereby incorporated and made part of the
Distributor's Contract dated March 1, 1994, between World Investment
Series, Inc. and Federated Securities Corp. with respect to the Class of
shares set forth above.
1. The Corporation hereby appoints FSC to engage in activities principally
intended to result in the sale of shares of the above-listed Class
("Shares"). Pursuant to this appointment, FSC is authorized to select a
group of financial institutions ("Financial Institutions") to sell
Shares at the current offering price thereof as described and set forth
in the respective prospectuses of the Corporation.
2. During the term of this Agreement, the Corporation will pay FSC for
services pursuant to this Agreement, a monthly fee computed at the
annual rate of 0.75 of 1% of the average aggregate net asset value of
the Shares held during the month. For the month in which this Agreement
becomes effective or terminates, there shall be an appropriate proration
of any fee payable on the basis of the number of days that the Agreement
is in effect during the month.
3. FSC may from time-to-time and for such periods as it deems appropriate
reduce its compensation to the extent any Class's expenses exceed such
lower expense limitation as FSC may, by notice to the Corporation,
voluntarily declare to be effective.
4. FSC will enter into separate written agreements with various firms to
provide certain of the services set forth in Paragraph 1 herein. FSC, in
its sole discretion, may pay Financial Institutions a periodic fee in
respect of Shares owned from time to time by their clients or customers.
The schedules of such fees and the basis upon which such fees will be
paid shall be determined from time to time by FSC in its sole
discretion.
5. FSC will prepare reports to the Board of Directors of the Corporation on
a quarterly basis showing amounts expended hereunder including amounts
paid to Financial Institutions and the purpose for such expenditures.
In consideration of the mutual covenants set forth in the
Distributor's Contract dated March 1, 1994 between World Investment
Series, Inc. and Federated Securities Corp., World Investment Series,
Inc. executes and delivers this Exhibit on behalf of the Federated Latin
American Growth Fund, and with respect to the Class C Shares thereof,
first set forth in this Exhibit.
Witness the due execution hereof this 1st day of December, 1995.
ATTEST: WORLD INVESTMENT SERIES, INC.
/s/ S. Xxxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
Asst. Secretary President
(SEAL)
ATTEST: FEDERATED SECURITIES CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Secretary Executive Vice President
