EXHIBIT 9(b)
TRUST FOR CREDIT UNIONS
FORM OF
ADDENDUM NO. 2 TO THE ADMINISTRATION AGREEMENT
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This Addendum, dated as of the 1st day of January, 1994, is entered into
between TRUST FOR CREDIT UNIONS (the "Trust"), a Massachusetts business trust,
and XXXXXXXX CREDIT UNION FINANCIAL SERVICES LIMITED PARTNERSHIP (the
"Administrator"), a Delaware limited partnership.
WHEREAS, the Trust and Administrator have entered into a Revised and
Restated Administration Agreement dated as of March 31, 1993 (the
"Administration Agreement"), and Addendum No. 1 thereto dated June 30, 1993,
pursuant to which the Trust has appointed the Administrator to provide certain
administrative services to the Trust for the Money Market Portfolio, Government
Securities Portfolio, Mortgage Securities Portfolio and Target Maturity
Portfolio (1996), together with all other portfolios subsequently established by
the Trust;
WHEREAS, the Trust is establishing four additional investment portfolios,
each known as Target Maturity Portfolio (Feb 97), Target Maturity Portfolio (May
97), Target Maturity Portfolio (Aug 97) and Target Maturity Portfolio (Nov 97)
(each a "Portfolio") and desires to retain the Administrator to act as
administrator under the Administration Agreement;
WHEREAS, the Administrator is willing to serve as administrator for the
Portfolios;
NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:
1. Appointment. The Trust hereby appoints the Administrator as
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administrator to provide certain administrative services to the Trust
for the Portfolios for the period and on the terms set forth in the
Administration Agreement. The Administrator hereby accepts such
appointment and agrees to render the services set forth in the
Administration Agreement for the compensation herein provided.
2. Compensation. For the services provided and the expenses assumed
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pursuant to the Administration Agreement, the Trust will pay the
Administrator, and the Administrator will accept as full compensation
therefor from the Trust, a fee at an annual rate of .05% of each
Portfolio's average daily net assets. The fee will be computed based
on the average net assets on each day and will be paid to the
Administrator monthly. Such fee is attributable to each Portfolio,
shall be a charge to each Portfolio and shall be the obligation of
each Portfolio.
3. Capitalized Terms. From and after the date hereof, the term
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"Portfolios" as used in the Administration Agreement shall be deemed
to include the Target Maturity Portfolio (Feb 97), Target Maturity
Portfolio (May 97), Target Maturity Portfolio (Aug 97) and Target
Maturity Portfolio (Nov 97) . Capitalized terms used herein and not
otherwise defined shall have the meanings ascribed to them in the
Administration Agreement.
4. Miscellaneous. Except to the extent supplemented hereby, the
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Administration Agreement shall remain unchanged and in full force and
effect, and is hereby ratified and confirmed in all respects as
supplemented hereby.
IN WITNESS WHEREOF, the undersigned have executed this Addendum as of the
date and year first above written.
TRUST FOR CREDIT UNIONS
Attest: /s/ Xxxxxxxxx Xxxxxx By: /s/ Xxxxxx Xxxx
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As its: President
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XXXXXXXX CREDIT UNION FINANCIAL
SERVICES LIMITED PARTNERSHIP
Attest: /s/ Xxxxxxx X. Xxxxxx By: /s/ Xxxx X. Xxxxxxxx
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As its: President
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