ASSIGNMENT AGREEMENT
Reference is made to that certain Investment Advisory Agreement, dated as
of April 3, 1972, as amended (collectively the "Investment Advisory Agreement")
by and between SIFE Trust Fund, a California trust (the "California Trust") and
SIFE, Inc. (the "Management Company").
WHEREAS, California Trust is to be reorganized as a Delaware business
trust (the "Delaware Trust"), effective on midnight April 30, 1997, or as soon
thereafter as may be practicable (such transactions are hereinafter referred to
collectively as the "Reorganization"); and
WHEREAS, the Management Company, the California Trust and the Delaware
Trust each desire to maintain the terms and conditions of the Investment
Advisory Agreement,
NOW, THEREFORE, the parties agree as follows:
1. Effective upon the close of the Reorganization, the California Trust
assigns to the Delaware Trust all of its rights, duties,
responsibilities and liabilities under the Investment Advisory
Agreement, and the Delaware Trust hereby expressly agrees to assume
all of such rights, duties, responsibilities and liabilities of the
California Trust under the Agreements, and the Management Company
hereby expressly consents to the foregoing assignment.
2. All of the other terms and conditions of the Investment Advisory
Agreement are expressly ratified and affirmed.
IN WITNESS WHEREOF, each of the parties has caused this Assignment
Agreement to be executed as of the 30th day of April, 1997.
SIFE Trust Fund, a California Trust ATTEST:
By: By:
------------------------------- -------------------------------
Xxxx X. Xxxxxxxxx, Chairman Xxxxxx Xxxxxxxxx, Asst. Secretary
SIFE Trust Fund, a Delaware Business Trust ATTEST:
By: By:
------------------------------- -------------------------------
Xxxx X. Xxxxxxxxx, Chairman Xxxxxx Xxxxxxxxx, Asst. Secretary
SIFE, Inc. ATTEST:
By: By:
------------------------------- -------------------------------
Xxxxx X. Xxxxx, President Xxxxxx Xxxxxxxxx, Asst. Secretary
