Contract
Exhibit (k)(3)(i)
THIS AMENDMENT, executed as of July 14, 2006 (“Amendment”), is to the Accounting Services
Agreement dated October 18, 2004, (the “Agreement”) between HIGHLAND FLOATING RATE FUND (the
“Fund”) and PFPC Inc. (“PFPC”) and is retroactive to October 18, 2004.
W I T N E S S E T H :
WHEREAS, PFPC provides certain accounting services to the Fund under the Agreement;
WHEREAS, PFPC has provided certain blue sky services to the Fund since October 18,
2004; and
WHEREAS, the parties desire to amend the Agreement as set forth herein.
NOW, THEREFORE, intending to be legally bound the Fund and PFPC agree that the Agreement
shall be amended as follows:
1. Section 14 (captioned “Description of Accounting Services on a Continuous
Basis”) is hereby amended by deleting “and” at the end of sub-paragraph (xvi), by replacing
the “.” at the end of sub-paragraph (xvii) with “;” and by adding the following immediately
after sub-paragraph (xvii):
“ (xviii) Monitor the Fund’s compliance with the amounts and conditions of each state
qualification; and
(xix) In connection with blue sky filings, the Fund hereby grants PFPC a limited power
of attorney on behalf of the Fund to sign all blue sky filings and other related
documents in order to effect such filings. The Fund will provide PFPC a listing of all
jurisdictions in which the Fund (and each class thereof) is lawfully available for sale
as of the date of this Agreement and in which the Fund desires PFPC to effect a blue sky
filing.”
2. Section 11 (captioned “Compensation”) is hereby amended by adding the following sentence
at the end of the Section: “Subject to payment of filing fees to PFPC in advance, PFPC will
remit to the respective jurisdictions the requisite blue sky filing fees for the shares of the
relevant Portfolios(s) (or classes thereof), and any fees for qualifying or continuing the
qualification of any Portfolio(s) (or classes thereof).”
3. Except as specifically set forth herein, (a) no provision of this Amendment is
intended to alter or otherwise impact the terms and conditions of the Agreement; and (b) all
provisions of the Agreement remain in full force and effect. In the event of a conflict
between the terms of this Amendment and the Agreement, this Amendment shall control, with
respect to the matters set forth herein.
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4. This Amendment may be executed in two or more counterparts, each of which shall be
deemed and original, but all of which together shall constitute one and the same instrument. The
facsimile signature of any party to this Amendment shall constitute the valid and binding
execution hereof by such party.
5. This Amendment shall be governed by the laws of the State of Delaware, without regard
to its principles of conflicts of laws.
6. Capitalized terms not defined in this Amendment have their respective meaning as
defined in the Agreement.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
duly authorized officers as of the day and year first above written.
| PFPC INC. | ||||
By:
|
/s/ Xxx X. Xxxxxxxx
|
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Title:
|
S.V.P | |||
| HIGHLAND FLOATING RATE FUND | ||||
By:
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/s/ Xxx Xxxxxxxxx | |||
Title: |
Xxx Xxxxxxxxx, Senior Vice President | |||
