SHAREHOLDER SERVICES AGREEMENT
I. The parties to this Agreement which shall become effective on February 18,
1987 are American Pathway Fund, a Massachusetts business trust (herein after
called "the Trust"), and American Funds Service Company, a California
corporation (hereinafter called "AFS"). AFS is a wholly owned subsidiary of
Capital Research and Management Company (hereinafter called "CRMC").
II. The Trust hereby employs AFS, and AFS hereby accepts such employment by
the Trust, as its transfer agent. In such capacity AFS will provide the
services of stock transfer agent, dividend disbursing agent, redemption agent,
and such additional related services as the Trust may from time to time
require, all of which services are sometimes referred to herein as "shareholder
services."
III. AFS has entered into Shareholder Services Agreements with other
investment companies for which CRMC serves as investment adviser. (For the
purposes of this Agreement, such investment companies, including the Trust, are
called "participating investment companies.")
IV. The Trust shall not be required to make any payments to AFS under this
Agreement except that the Trust shall reimburse AFS for all costs associated
with providing shareholder services for the Trust.
V. This Agreement may be terminated on 180 days' written notice from either
party to the other. In the event of termination of this Agreement, AFS and the
Trust will each extend full cooperation in effecting a conversion to whatever
successor shareholder service agent the Trust may select, it being understood
that all records relating to the Trust and its shareholders are property of the
Trust.
VI. In the event of disagreement between the Trust and AFS, or between the
Trust and other participating investment companies as to any matter arising
under this Agreement, which the parties to the disagreement are unable to
resolve, the question shall be referred to arbitration; one arbitrator to be
named by each party to the disagreement and a third arbitrator to be selected
by the two arbitrators named by the original parties. The decision of a
majority of the arbitrators shall be final and binding on all parties to the
arbitration. The expenses of such arbitration shall be paid by the party
electing to submit the question to arbitration.
This Agreement is effective as of the date first written above.
AMERICAN PATHWAY FUND
By /s/ Xxxxxx X. Xxxxx
Xxxxxx X. Xxxxx
President
By /s/ Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx
Secretary
AMERICAN FUNDS SERVICE COMPANY
By /s/ Xxxxxx X. Xxxx
Xxxxxx X. Xxxx
President
By /s/ Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx
Executive Vice President
