NOVATION AGREEMENT
Reference is hereby made to the Foreign Custody Manager Delegation
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 "Delegate"), 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 (the "Agreement").
WITNESSETH:
WHEREAS, pursuant to the terms and conditions of the Agreement the
Delegate provides certain foreign custody manager services to the Xxxxxxxx
Xxxxxxxxx Mutual Funds.
WHEREAS, the Delegate 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 Delegate and the Pilgrim Mutual Funds hereby agree
by execution of this Novation Agreement that the Agreement shall be binding upon
the Delegate and the Pilgrim Mutual Funds. Accordingly, the pilgrim Mutual Funds
shall be fully bound by the terms and conditions of the Agreement 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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