EXHIBIT 23(H)(XXV) UNDER FORM N-1A
EXHIBIT 10 UNDER ITEM 601/REG. S-K
SCHEDULE C
Subject to the terms and conditions of this Agreement, Hartford shall be
appointed to, and agrees to act, as a limited agent of Trust for the sole
purpose of receiving instructions from authorized parties as defined by the
Contracts for the purchase and redemption of Fund shares prior to the close of
regular trading each Business Day. A "Business Day" is defined in Article
1.1(B) of the Agreement. Except as particularly stated in this paragraph,
Hartford shall have no authority to act on behalf of Trust or to incur any cost
or liability on its behalf.
Until such time as Trust and Hartford are able to utilize the National
Securities Clearing Corporation ("NSCC") Defined Contribution Clearing and
Settlement ("DCC&S") Fund/SERV system: Trust will use its best efforts to
provide to Hartford or its designated agent closing net asset value, change in
net asset value, dividend or daily accrual rate information and capital gain
information by 6:30 p.m. Eastern Time each Business Day. Hartford or its agent
shall use this data to calculate unit values. Unit values shall be used to
process the same Business Day's contract transactions. Orders derived from, and
in amounts equal to, instructions received by Hartford prior to the Close of
Trading on the New York Stock Exchange on any Business Day ("Day 1") shall be
transmitted without modification (except for netting or aggregating such orders)
to Trust by 8:30 a.m. Eastern Time on the next Business Day. Such trades will
be effected at the net asset value of each Fund's shares calculated as of the
Close of Trading on Day 1. Trust will not accept any order made on a conditional
basis or subject to any delay or contingency.
Until such time as Trust and Hartford are able to utilize the DCC&S Fund/SERV
system, each party shall, as soon as practicable after transmittal of an
instruction or confirmation, verify the other party's receipt of such
instruction or confirmation, and in the absence of such verification such a
party to whom an instruction or confirmation is sent shall not be liable for any
failure to act in accordance with such instruction or confirmation, and the
sending party may not claim that such an instruction or confirmation was
received by the other. Each party shall notify the other of any errors,
omissions or interruptions in, or delay or unavailability as promptly as
possible.
a) For those purchase orders not transmitted via the DCC&S Fund/SERV system,
Hartford shall complete payment to Trust or its designated agent in
federal funds no later than 3:00 P.M. on the Business Day following the
day on which the instructions are treated as having been received by Trust
pursuant to this Agreement.
b) For those redemption orders not transmitted via the DCC&S Fund/SERV
system, Trust or its designated agent shall initiate payment in federal
funds no later than 3:00 P.M. on the Business Day following the day on
which the instructions are treated as having been received by Trust
pursuant to this Agreement.
1
At such time as Trust and Hartford are able to transmit information via the
NSCC's DCC&S Fund/SERV System:
a) Orders derived from, and in amounts equal to, instructions received by
Hartford prior to the Close of Trading on Day 1 shall be transmitted
without modification (except for netting and aggregation of such orders)
via the NSCC's DCC&S Fund/SERV system to Trust no later than 5:00 a.m.
Eastern Time on the Next Business Day. Such trades will be effected at
the net asset value of each Fund's shares calculated as of the Close of
Trading on Day 1.
b) Trust and Hartford shall mutually agree there may be instances when orders
shall be transmitted to Trust via facsimile no later than 8:30 a.m. rather
than through the DCC&S Fund/SERV system. In such instances, such orders
shall be transmitted to Trust via facsimile no later than 8:30 a.m.
Eastern Time on the next Business Day.
c) With respect to purchase and redemption orders received by Trust on any
Business Day for any Fund, within the time limits set forth in this
Agreement, settlement shall occur consistent with the requirements of
DCC&S Fund/SERV system.
At such time as Trust and Hartford are able to transmit information via the
DCC&S Fund/SERV system: Trust or its designated agent shall send to Hartford,
via the DCC&S Fund/SERV system, verification of net purchase or redemption
orders or notification of the rejection of such orders ("Confirmations ") on
each Business Day for which Hartford has transmitted such orders. Such
confirmations shall include the total number of shares of each Fund held by
Hartford following such net purchase or redemption. Trust, or its designated
agent, shall submit in a timely manner, such confirmations to the DCC&S
Fund/SERV system in order for Hartford to receive such confirmations no later
than 11:00 a.m. Eastern Time the next Business Day. Trust or its designated
agent will transmit to Hartford via DCC&S NETWORKING system those Networking
activity files reflecting account activity. In addition, within five (5)
Business Days after the end of each month, Trust or its affiliate will send
Hartford a statement of account which shall confirm all transactions made during
that particular month in the account.
DOCUMENTS AND OTHER MATERIALS
DOCUMENTS PROVIDED BY HARTFORD
Xxxxxxxx agrees to provide Trust, upon written request, any reports indicating
the number of shareholders that hold interests in the Funds and such other
information (including books and records) that Trust may reasonably request.
Hartford agrees to provide Trust, upon written request, such other information
(including books and records) as may be necessary or advisable to enable it to
comply with any law, regulation or order.
DOCUMENTS PROVIDED BY TRUST
Within five (5) Business Days after the end of each calendar month, Trust,
Distributor, or Adviser shall provide Hartford, or its designee, a monthly
statement of account, which shall confirm all transactions made during that
particular month.
2
