EX-99.(h2)
FORM OF AMENDMENT TO ADMINISTRATION AGREEMENT
AMENDMENT TO ADMINISTRATION AGREEMENT, effective as of May 1, 2007, by
and between XXXXXX XXXX GLOBAL EQUITY FUND, INC., a corporation established
under the laws of the State of Maryland (the "Fund"), and INVESTORS BANK & TRUST
COMPANY, a Massachusetts trust company (the "Bank").
WHEREAS, the Fund and Bank entered into an Administration Agreement
dated July 1, 2004, as amended from time to time (the "Administration
Agreement"); and
WHEREAS, the Fund and Bank desire to amend the Administration Agreement
as set forth below.
NOW, THEREFORE, in consideration of the premises set forth herein, the
parties agree as follows:
1. AMENDMENTS.
Section 7(a) of the Administration Agreement is hereby amended by adding
at the end thereof, the following:
"In addition, if a majority of the Board of Trustees in its sole
discretion determines that State Street Bank & Trust Company, as
successor to the Bank ("State Street") under this Agreement, beginning
after three (3) months from the date of the final Fund conversion to
State Street's fund accounting systems, has failed to meet the service
standards as agreed to and outlined in the Service Level Agreement
agreed between the parties in any material respects for two consecutive
calendar quarters, written notice of such determination setting forth
the reasons for such determination shall be provided to the Bank. In the
event the Bank shall not, within ninety (90) days thereafter, cure in
all material respects such identified deficiencies as set forth herein,
the Fund, with the authorization of the Board, may terminate this
Agreement. The Fund's right to terminate this Agreement as a result of a
failure to meet the service standards as described herein is in addition
to, and entirely separate from, the Fund's right to terminate this
Agreement as a result of a material breach of the Agreement by State
Street."
2. MISCELLANEOUS.
a) Except as amended hereby, the Administration Agreement shall remain
in full force and effect.
b) This Amendment may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective duly authorized officers as of the day and year
first written above.
XXXXXX XXXX GLOBAL EQUITY FUND, INC.
Accepted and approved by: ____________________
Print Name: Xxxx Xxxxxxxx
Title: CEO, Xxxxxx Xxxx Investment Funds
Date: ____________________
Accepted and approved by: ____________________
Print Name: Xxxxx Xxxxxx
Title: CFO, Xxxxxx Xxxx Investment Funds
Date: ____________________
INVESTORS BANK & TRUST COMPANY
Accepted and approved by: ____________________
Print Name:
Title:
Investors Bank & Trust Company
Date: ____________________
