XXXXXX ASSET MANAGEMENT, INC.
0000 Xxxxxxxx Xxxxx
X. X. Xxx 0000
Xxxxxx, Xxxx 00000
000-000-0000
October 1, 2003
The Huntington National Bank
00 Xxxxx Xxxx Xxxxxx
Xxxxxxxx, Xxxx 00000
Attention: Institutional Trust Custody Group
Meeder Premier Portfolios
0000 Xxxxxxxx Xxxxx
X. X. Xxx 0000 Xxxxxx, Xxxx 00000
Re: Custody Fee Agreement
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Ladies and Gentlemen:
This letter will confirm our mutual understanding and agreement as follows:
1. The Huntington National Bank, a national banking association (the
"Custodian"), and the Meeder Premier Portfolios, a Massachusetts business trust
(the "Trust"), are entering into a Custody Agreement of even date (the "Custody
Agreement") providing for the custody and safekeeping of the assets of the Trust
and its initial four series or mutual funds (each a "Fund" and collectively the
"Funds").
2. The undersigned Xxxxxx Asset Management, Inc., an Ohio corporation (the
"Adviser"), serves as investment adviser to the Trust and the Funds pursuant to
an Investment Advisory Agreement of even date (the "Advisory Agreement")
providing, among other things, that the Adviser will pay the fees and expenses
of the Custodian under the Custody Agreement.
3. The Custodian is amenable to accepting payment of its custody fees and
expenses from the Adviser and agrees to same so long as the Adviser makes timely
payment of the Custodian's invoices calculated in accordance with the fee
schedule included as part of the Custody Agreement and delivered by the
Custodian to the Adviser.
Please confirm your acceptance of and agreement to the foregoing in the
space provided below for that purpose, whereupon this letter shall constitute a
binding agreement among the Custodian, the Trust and the Adviser.
Very truly yours,
XXXXXX ASSET MANAGEMENT, INC.
By:
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[Name and Title]
Accepted and agreed as of the date first above written.
THE HUNTINGTON NATIONAL BANK
By:
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[Name and Title]
MEEDER PREMIER PORTFOLIOS
By:
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[Name and Title]
