EXHIBIT 9(iii)
SUPPLEMENT TO
AMENDED AND RESTATED
ADMINISTRATION AGREEMENT
PIMCO Funds: Pacific Investment Management Series
000 Xxxxxxx Xxxxxx Xxxxx
Xxxxxxx Xxxxx, Xxxxxxxxxx 00000
_________________ , 1999
Pacific Investment Management Company
000 Xxxxxxx Xxxxxx Xxxxx
Xxxxxxx Xxxxx, Xxxxxxxxxx 00000
RE: Convertible Bond Fund
Dear Sirs:
This will confirm the agreement between the undersigned (the "Trust") and
Pacific Investment Management Company (the "Administrator") as follows:
1. This Trust is an open-end investment company organized as a Massachusetts
business trust, and consisting of such investment portfolios as have been
or may be established by the Trustees of the Trust from time to time. A
separate series of shares of beneficial interest of the Trust is offered to
investors with respect to each investment portfolio. The Convertible Bond
Fund (the "Fund") is a separate investment Fund of the Trust.
2. The Trust and the Administrator have entered into an Amended and Restated
Administration Agreement ("Agreement") dated February 24, 1998, pursuant to
which the Trust has employed the Administrator to provide management and
administrative services to the Trust as set forth in that Agreement.
3. As provided in paragraph 1 of the Agreement, the Trust hereby adopts the
Agreement with respect to the Fund and the Administrator hereby
acknowledges that the Agreement shall pertain to the Fund, the terms and
conditions of such Agreement being hereby incorporated herein by reference.
4. As provided in paragraph 5 of the Agreement and subject to further
conditions as set forth therein, the Trust shall with respect to the Fund
pay the Administrator a monthly fee calculated as a percentage (on an
annual basis) of the average daily value of net assets of the Fund during
the preceding month at a rate of 0.25% of the assets
attributable to each of the Institutional Class and Administrative Class,
and at the rate of 0.40% attributable in the aggregate to the Class A,
Class B, Class C and Class D shares.
5. This Supplement and the Agreement shall become effective with respect to
the Fund on ______________, 1999 and shall continue in effect with respect
to the Fund for a period of more than two years from that date only so long
as the continuance is specifically approved at least annually (a) by the
vote of a majority of the outstanding voting securities (as defined in the
0000 Xxx) of the Fund or by the Trust's Board of Trustees and (b) by the
vote, cast in person at a meeting called for the purpose, of a majority of
the Trust's trustees who are not parties to this Contract or "interested
persons" (as defined in the 0000 Xxx) of any such party. The Agreement may
be terminated at any time, without the payment of any penalty, by a vote of
a majority of the entire Board of Trustees of the Trust or by a majority of
the outstanding voting securities of the Trust or, with respect to the
Fund, by a vote of a majority of the outstanding shares of the Fund, on 60
days' written notice to the Administrator or, at or after the one-year
period commencing the date of its effectiveness, by the Administrator on 60
days' written notice to the Trust. This Agreement shall terminate
automatically in the event of its assignment (as defined in the 1940 Act).
If the foregoing correctly sets forth the agreement between the Trust and
the Administrator, please so indicate by signing and returning to the Trust the
enclosed copy hereof.
Very truly yours,
PIMCO FUNDS: PACIFIC INVESTMENT
MANAGEMENT SERIES
By: ____________________________
Title:
ACCEPTED:
PACIFIC INVESTMENT MANAGEMENT COMPANY
By: ________________________________
Title:
