Exhibit No. Ex-99.h(4)
SHAREHOLDER SERVICES AGREEMENT
FOR THE JAPAN FUND, INC.
To SEI Investments Distribution Co:
The Japan Fund, Inc. (the "Fund")("We"), a Maryland corporation registered as a
management investment company under the Investment Company Act of 1940 (the
"1940 Act"), hereby appoints SEI Investments Distribution Co. ("SIDCo") to
provide shareholder services pursuant to this Shareholder Services Agreement
(the "Agreement"). This Agreement is adopted pursuant to and is subject to the
terms and conditions of the Fund's Shareholder Servicing Plan (the "Plan").
1. In consideration of your providing shareholder services and/or account
maintenance services to Fund shareholders who may from time to time
directly or indirectly beneficially own shares of the Fund (" Client
Shares"), we shall pay you a fee periodically. Attached hereto as Schedule
A is a list of certain types of services which are contemplated to be
provided in accordance with this Agreement.
2. The fee paid with respect to the Fund will be computed and paid monthly at
an annual rate of up to 25 basis points (0.25%) of the average net asset
value of the Client Shares, provided that such Shares are owned of record
at the close of business on the last business day of the payment period by
shareholders with whom you have a servicing relationship as indicated by
the records maintained by the Fund or its shareholder servicing agent.
3. We shall pay you the total of the fees calculated for the Fund for any
period with respect to which such calculations are made within 45 days
after the close of such period.
4. We reserve the right to withhold payment with respect to any Client Shares
purchased and redeemed or repurchased by the Fund within seven (7) business
days after the date of our confirmation of such purchase.
5. You shall furnish the Fund with such information as shall reasonably be
requested by the Directors with respect to the fees paid to you pursuant to
this Agreement, including a description of the Services provided.
6. Neither you nor any of your employees or agents are authorized to make any
representation concerning shares of the Fund except those contained in the
then current Prospectus for the Fund, and you shall have no authority to
act as agent for the Fund.
7. This Agreement may be terminated by either party or by vote of a majority
of the Plan Directors (as defined in the Plan) or by vote of a majority of
the outstanding shares of the Fund at any time without payment of any
penalty upon sixty (60) days' written notice. This Agreement will terminate
automatically in the event of its assignment, within the meaning of the
Investment Company Act of 1940.
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8. You shall comply with all applicable state and Federal laws and the rules
and regulations of authorized regulatory agencies.
9. This Agreement and any Schedule hereto may not be revised except by mutual
written agreement between the parties. This Agreement may be revised only
after 60 days' written notice or upon such shorter notice as the parties
may mutually agree.
10. All communications to us should be sent to The Japan Fund, Inc., Xxx
Xxxxxxx Xxxxxx Xxxxx, Xxxx, Xxxxxxxxxxxx 00000. Any notice to you shall be
duly given if mailed or telegraphed to you at the address specified by you
below.
11. This Agreement shall be construed in accordance with the laws of the State
of Delaware.
IN WITNESS WHEREOF, the undersigned parties have executed this
Agreement as of the 4th day of October, 2002.
SIGNED,
THE JAPAN FUND, INC.
By: /s/Xxxx X. Xxxxx
Name: Xxxx X. Xxxxx
Title: Vice President & Secretary
ACKNOWLEDGED:
SEI INVESTMENTS DISTRIBUTION CO.
By: Xxxxxxx X. Xxxxxxx, Xx.
Name: Xxxxxxx X. Xxxxxxx, Xx.
Title: Vice President & Assistant Secretary
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SCHEDULE A
TO THE SHAREHOLDER SERVICES AGREEMENT RELATING
TO THE SHARES OF THE JAPAN FUND, INC.
The types of shareholder services which may be compensated pursuant to the
Agreement include, but are not necessarily limited to, the following:
1. Subaccounting for all Fund share transactions at the shareholder level;
2. Crediting distributions from the Funds to shareholder accounts;
3. Determining amounts to be reinvested in the Funds;
4. Assisting customers in changing account options, account designations
and account addresses; and
5. Dissemination of tax information and mailing Fund information, such as
prospectuses and annual and semi-annual reports to beneficial owners of
the subject shares.
6. Providing such other administrative and personal services as may be
reasonably requested and which are deemed necessary and beneficial to
the holders of the Subject Shares.
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