NOVATION AGREEMENT
Reference is hereby made to the Custodian Agreement currently in full
force and effect between Xxxxx Brothers Xxxxxxxx & Co., a limited partnership
organized under the laws of the State of New York (the "Custodian"), and the
Xxxxxxxx Xxxxxxxxx Mutual Funds, an investment company duly registered with the
United States Securities and Exchange Commission, executed by the parties on or
about June 1, 1998 (as amended)(the "Agreement").
WITNESSETH:
WHEREAS, pursuant to the terms and conditions of the Agreement the
Custodian provides certain custodial services to the Xxxxxxxx Xxxxxxxxx Mutual
Funds.
WHEREAS, the Custodian and the Xxxxxxxx Xxxxxxxxx Mutual Funds wish to
recognize and memorialize the legal name change from the Xxxxxxxx Xxxxxxxxx
Mutual Funds to "Pilgrim Mutual Funds".
NOW THEREFORE, the Custodian and the Pilgrim Mutual Funds hereby agree
by execution of this Novation Agreement that the Agreement shall be binding upon
the Custodian and the Pilgrim Mutual Funds. Accordingly, the Pilgrim Mutual
Funds shall be fully bound by the terms and conditions of the Agreement (as
amended) effective immediately upon execution of this Novation Agreement.
Xxxxx Brothers Xxxxxxxx & Co.
By:
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Title:
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Date:
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Pilgrim Mutual Funds
By:
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Title:
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Date:
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