Exhibit (h)(iv) under Form N-1A
Exhibit 10 under Item 601/Reg. S-K
Amendment to
Agreement for Transfer Agency Services
This Amendment to the Agreement for Transfer Agency Services ("Agreement")
between Golden Oak(R) Family of Funds ("Funds") and Federated Services Company
("Company") is made and entered into as of the 1st day of October, 2003.
WHEREAS, the Funds have entered into the Agreement with the Company;
WHEREAS, the Securities and Exchange Commission and the United States
Treasury Department (the "Treasury Department") have adopted a series of rules
and regulations arising out of the USA PATRIOT Act (together with such rules and
regulations, the "Applicable Law"), specifically requiring certain financial
institutions including the Funds, to establish a written anti-money laundering
and customer identification program (a "Program");
WHEREAS, in establishing requirements for registered investment companies,
Applicable Law provides that it is permissible for a mutual fund to
contractually delegate the implementation and operation of its Program to
another affiliated or unaffiliated service provider, such as the Company, but
that any mutual fund delegating responsibility for such aspects of its Program
to a third party must obtain written consent from the third party ensuring the
ability of federal examiners to (a) obtain information and records relating to
the Program, and (b) inspect the third party for purposes of the Program; and
WHEREAS, the Funds have established a Program and wish to amend the
Agreement to (a) reflect the existence of such Program, (b) delegate
responsibility for performance under the Funds' Program to the Company, and (c)
make such other changes as are required by Applicable Law.
NOW, THEREFORE, the parties intending to be legally bound agree as follows:
1. The Funds represent and warrant to the Company that they have established,
and covenant that during the term of the Agreement they will maintain, a
Program in compliance with Applicable Law.
2. The Funds hereby delegate to the Company the responsibility to perform or
contract for the performance of, for and on behalf of the Funds, all
required activities under the Funds' Program.
3. The Company hereby accepts such delegation and represents and warrants that
(a) it has implemented, and will continue to (i) monitor the operation of,
(ii) assess the effectiveness of, and (iii) modify, as appropriate or as
required by Applicable Law, procedures necessary to effectuate the Program,
(b) it will annually certify, in a manner acceptable to the Funds under
Applicable Law, that it has implemented the Program and that it will
perform or cause to be performed the customer identification and other
activities required by Applicable Law and the Program, and (c) it will
provide such other information and reports to the Funds' designated
Compliance Officer, as may from time to time be requested, and will provide
such Compliance Officer with notice of any contact by any regulatory
authority with respect to the operation of the Program.
4. The Company does hereby covenant that (a) it will provide to any federal
examiners of the Funds such information and records relating to Program as
may be requested, and (b) it will allow such examiners to inspect the
Company for purposes of examining the Program and its operation to the full
extent required by Applicable Law.
In all other respects, the Agreement first referenced above shall remain in full
force and effect.
WITNESS the due execution hereof this 1st day of October, 2003.
GOLDEN OAK(R) FAMILY OF FUNDS
By: /s/ Xxxxxx X. Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Vice President
Federated Services Company
By: /s/ Xxxxxxxx Xxxxxxxxxx
Name: Xxxxxxxx Xxxxxxxxxx
Title: Senior Vice President
